Mar 27, 2012
There’s been a bit of talk recently that things are looking up around the globe. Europe has been “fixed” (not our opinion but we’ve seen it written), unemployment is down (if you believe the government unemployment numbers that is), and it seemed like the printing presses would be sitting idle for a while (at least until today when...
Wild Bill’s Weekly Wanderings 26 July 2010 Following on from last week this week we feature more from people whose opinion we respect. Among the best is Eric King. Eric operates with conviction – as does Eric Sprott. Last week, Eric K interviewed Eric S and I urge readers to check out the audio...
As we previously discussed in “Green Shoots? – Don’t believe the hype!”, U.S. Federal Reserve Chairman Ben Bernanke coined the term “Green Shoots” back in March. So far apart from a few wobbles everywhere you look in the mainstream media seems to support his statement worldwide. And he backed it up again recently in...
Aug 16, 2009
As we discussed in “Green Shoots? – Don’t believe the hype”, we believe comments coming from world and central bank leaders and economists that the worst of the recession may be behind us are likely very premature. They’re still coming though. For example here in New Zealand, BNZ bank economists recently stated that the housing market may drive the...
Why do we harp on about debt? Because extreme amounts of debt severely restrict the ability of an economy to grow its way out of a recession, or even worse, a depression – the interest on the debt has to be paid from somewhere. Over at the Market Ticker, Karl Denninger does a great job mowing down the so-called “green shoots” (which we...
