Debt

15th September 2017 Bill Bonner

No Stopping Washington’s Debt Bomb Express

Illustration of poker coins and cards and the word debt written

Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me. – Psalm 23:4 NORMANDY, FRANCE – Others are beginning to…

31st July 2017 Bill Bonner

America – A Nation of Debt Slaves

Illustration of an individual flying with a balloon while being anchored by debt

POITOU, FRANCE The Senate failed again to pass even a “skinny” repeal of Obamacare (which left most of the program in place… and most people subject to its quack finance) after three senators defected. The new White House communications director,…

21st July 2017 Bill Bonner

The NEXT Credit Crisis Has Already Started

Drawing of a declining index with investors holding onto it.

POITOU, FRANCE – “My father told me to plant trees,” said a neighbor last night. “It was right after I bought this place. Of course, I was young… I was busy… I didn’t have time to plant trees. “Now, I…

20th July 2017 Nickolai Hubble

How to predict the future, with double payback

Predicting the future has been easy in hindsight. We’re very closely following the script left by Japan, although in fast forward. So we had hindsight right in front of our noses, in a way. The Western world’s tech bubble, housing…

18th July 2017 Nickolai Hubble

Economic law: Murphy vs Stein

Today we ask ourselves who you’d rather have as your fund manager. There are two options to choose from. The first is Herbert Stein, an American economist who chaired the Council of Economic Advisers under Nixon and was on the…

14th July 2017 Boaz Shoshan

Britannia, beggared

Feathers were thoroughly rustled yesterday. The accounts of Her Majesty’s Treasury were released in all their terrible glory. The fate of Britain’s finances laid bare across 150 pages. Britannia pawned her trident many years ago. It still stands, proud and…

12th July 2017 Bill Bonner

How Dumb Is the Fed?

POITOU, FRANCE – This morning, we are wondering: How dumb is the Fed? The question was prompted by this comment by former Fed insider Chris Whalen at The Institutional Risk Analyst blog: [O]ur message to the folks in Jackson Hole this week…

7th July 2017 Nickolai Hubble

Which central banker snaps first?

Something broke this morning. Bonds, stocks and commodities all fell. Government bond yields around the world surged. Australia in particular got kicked in the shins all round with a jump in bond yields and a big drop in stocks. Why…

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