Dec 2nd, 2008 |
By Bill Bonner |
Category: Politics & Economics
Every solution has a cost, says Bill Bonner. And trying to solve this credit crisis could cost the government over $2 trillion a year. That why when the Fed says is it “going for broke” to avoid all-out financial collapse, it really means it.
Tags: Bill Bonner, Budget Deficit, credit crisis, Federal Reserve, Global Downturn, government bailout, Stimulus Package, US debt, US recession
Posted in Politics & Economics |
Dec 1st, 2008 |
By Richard Daughty |
Category: Financial News
I have some bad news for the U.S. government; the taxpayers are not prepared to loan anything to anybody! Hell, total debt-to-GDP is over 350% already, maybe 450%, which is, either way, the highest, by far, of anything I’ve seen in U.S. history…
Tags: Alan Greenspan, Credit Markets, Creditors, Federal Reserve, global central banks, Richard Daughty, US debt, Us Gdp
Posted in Financial News |
Nov 26th, 2008 |
By Mike Caggeso |
Category: Financial News
The U.S. Federal Reserve and Treasury Department announced yesterday (Tuesday) $800 billion worth of stimulus measures to rev up three primary engines of the U.S. economy – homebuyers, consumers and small businesses.
Tags: Bailout Package, Barack Obama, Citigroup, Economic Infusion, Federal Reserve, FNM, FRE, government bailout, Hank Paulson, home foreclosures, Mike Caggeso, Mortgage Backed Securities, TALF, TARP, US debt
Posted in Financial News |
Nov 21st, 2008 |
By Doug Casey |
Category: Financial News
The October statement of the U.S. Treasury Department revealed that the federal deficit has reached the largest level on record. Over the last twelve months, the U.S. government spent $618 billion dollars more than it was able to collect.
Tags: Doug Casey, Federal Deficit, Inflation Tax, U S Treasury Department, US debt
Posted in Financial News |
Nov 19th, 2008 |
By Chuck Butler |
Category: Financial News, US Dollar & Forex Trading
Paulson says no to automakers… Currencies trade in a tight range… Richard Russell on a Wednesday! TIC Flows improve… And Now… Today’s Pfennig!
Tags: Anheuser Busch, Automakers, Bailout Package, Chuck Butler, Citigroup, CPI, Crude Oil Prices, Currency Trading, Economic Difficulties, Economic Stimulus, Global Currencies, government bailout, Hank Paulson, housing starts, InBev, krona, Richard Russell, US debt, US dollar, US inflation, Yen Carry Trade
Posted in Financial News, US Dollar & Forex Trading |
Nov 19th, 2008 |
By Andrew Gordon |
Category: Politics & Economics
The American dream is drowning in debt, says Andrew Gordon. The middle class are being squeezed as tumbling asset prices hack away at household wealth. And things won’t change unless the government steps up to the plate.
Tags: American dream, Andrew Gordon, consumer spending, credit crisis, middle class, President Obama, real incomes, retail slump, US Banking, US debt, WMT
Posted in Politics & Economics |
Nov 14th, 2008 |
By Bill Bonner |
Category: Politics & Economics
Forget about the office Christmas party this year, says Bill Bonner. That’s if you are lucky enough to still have a job. Throughout the country, businesses and households are cutting costs. And this is only the beginning. Bill says the Obama government will try to take up the slack in the economy. But that will just create more debt problems in the long term.
Tags: Bill Bonner, Chrysler, deflation, Gm, Job Losses, MCD, President Obama, SBUX, US debt, US Jobless Rate, US recession, US unemployment
Posted in Politics & Economics |
Nov 12th, 2008 |
By Dan Denning |
Category: Financial News
Not much. The world keeps turning. And the world economy keeps falling apart. Here in Australia, shares of port and rail outfit Asciano (AIO) fell off the table after a Citigroup analyst changed his valuation of the company and moved it from “buy” to “sell.” Asciano is down 93% from its all time high and was down nearly 60% yesterday before going into a trading halt.
Tags: AIO, BHP, Citigroup, Dan Denning, FMG, global credit crisis, Gm, RIO, US bailout, US debt, World Economy
Posted in Financial News |
Nov 11th, 2008 |
By Richard Daughty |
Category: Financial News
I assume that bond buyers are all drug addicts who are not aware of what they are doing, morons who are not aware of what they are doing, or grubby slicksters who are buying them on behalf of drug addicts and morons! Hahaha!
Tags: Bond Investors, Fed Rate Cuts, Federal Reserve, GS, HBC, Nyse, Retirement Savings, Richard Daughty, US debt
Posted in Financial News |
Nov 10th, 2008 |
By Dan Denning |
Category: Financial News
Dan Denning takes issue with the idea that the Fed will be able to mop up the excess liquidity caused by its monetary expansion. Foreign savers are not going to keep funding US deficits forever. And that means the Fed must print more dollars to raise money. And that is super inflationary.
Tags: AIG, Chrysler, deflation, Federal Reserve, FNM, Ford, FRE, Global Downturn, Gm, money printing, Nouriel Roubini, US debt, US inflation, US Jobless Rate, US recession, us treasury
Posted in Financial News |