news.goldseek.com >> 30 June 2009

The Extraordinary Evil of Bernie Madoff
By: Bill Bonner, The Daily Reckoning
Let the punishment fit the crime! Poor Bernie. The man has been ordered to spend 150 years in the hoosegow. What for? Who did he kill? A century and a half seems a little excessive for a financial crime. You could hold up three liquor stores and rape a whole convent and still not get 150 years. With a little bit of good lawyer-ing, a history of child abuse in the family, and good behavior in the big house, you’d be back on the street in 18 months.

news.goldseek.com >> 25 June 2009

What’s the Purpose of a Correction?
By: Bill Bonner, The Daily Reckoning
Progress is mixed. US consumers seem to have straightened up pretty fast. After the crash, they went into therapy and rediscovered their inner squirrel. Now, according to news and anecdotal reports, they’re saving all the cash they can. Savings rates, which had been near zero, are now bouncing up towards 5%.

news.goldseek.com >> 15 June 2009

Curing One Financial Disaster With a Worse One
By: Bill Bonner, The Daily Reckoning
And what about this time? The evidence we see tells us that the underlying economy is getting worse, not better. In addition to the figures cited above, there are the inflation rates. Inflation in America and Britain is coming down…to around 2%. In Europe it has already fallen into negative territory…with rates heading to minus 1%.

news.goldseek.com >> 12 June 2009

Kleptocracy in America
By: Bill Bonner, The Daily Reckoning
Reading the obituaries is such a delight. First, it is a relief when you find your name not mentioned. Then, it is a joy when you find those that are. Not that we wish to see any man’s name on the roll of the dead; still, the final audits are always the most revealing. Here on the back page, we admire honest scalawags…and learn from them. Thus was our attention drawn to Mr. Omar Bongo’s exit from the mortal stage on June 8th.

news.goldseek.com >> 11 June 2009

Still Facing Depression and Hyperinflation
By: Bill Bonner, The Daily Reckoning
It’s the Ultimate Fighting Event – Worldwide Economic Mud Wrestling! See it now! First, the Honey Hun…German Chancellor Angela Merkel… took on a whole pack of central bankers and economists, charging that they were going to make the situation worse – by spending money they didn’t have…and causing inflation.

news.goldseek.com >> 9 June 2009

Two Ways to Deleverage an Economy
By: Bill Bonner, The Daily Reckoning
The dumb money is fairly easy to spot. It’s the money that always shows up late to the party, wearing yesterday’s fashions. It watches TV and thinks the reality shows show reality…it thinks Ben Bernanke is a great economist…that the SEC protects investors from fraud and misrepresentation…and that Tim Geithner makes sure the economy keeps running smoothly.

news.goldseek.com >> 8 June 2009

The Deflationary Downturn
By: Bill Bonner, The Daily Reckoning
Stocks and oil both held steady on Friday. Gold, however, took a big hit – minus $26. There are three kinds of money in the marketplace. There’s the smart money that goes with the trend. There’s the dumb money that bets against the trend. And there’s the money that doesn’t know whether it is coming or going.

news.goldseek.com >> 4 June 2009

US Stuck in Inflation-Causing Positions
By: Bill Bonner & The Daily Reckoning Crew
Angela is a genius. Tim is a schmuck. That’s what we took away from yesterday’s news. As near as we can make out, Tim Geithner’s trip to Beijing was, at best, a draw. He told his soothing lies. China listened. The markets reacted favorably.

news.goldseek.com >> 28 May 2009

To Hell in a Bond Basket
By: Bill Bonner, The Daily Reckoning Crew
At the end of last year, America’s great buddy, China, changed its policy. Instead of buying long-dated US debt, China began buying the short stuff. China’s top man openly wondered whether the US would be able to protect the value of the dollar and keep its promises to foreign lenders.

news.goldseek.com >> 25 May 2009

The Dollar Dike Gives Way?
By: Bill Bonner, The Daily Reckoning Crew
“China stuck in dollar trap,” says the headline on the front page of the Financial Times. The FT says China is buying more U.S. bonds than ever. It must…according to the news report…because it has too many. Unless it supports the dollar, it risks a big collapse in the value of its foreign exchange holdings (mostly in dollars).

news.goldseek.com >> 22 May 2009

An Avalanche of Claptrap
By: Bill Bonner, The Daily Reckoning
Like snow at high altitudes, the central banks’ new money is piling up. As reported last week, all the world’s major central banks have turned on their snow machines. The US Federal Reserve has been authorized to “print” $1.75 trillion worth of new money in order to buy Treasury bonds.

news.goldseek.com >> 21 May 2009

Bailouts the Plaque of Economic Hygiene
By: Bill Bonner, The Daily Reckoning
Is it on…or off? The bear market rally, that is? The Dow was down again yesterday…but just a little…52 points. The short-covering rally is finished, says David Rosenberg, formerly one of Merrill’s top analysts.

news.goldseek.com >> 18 May 2009

Inflation Targeting Perils
By: Bill Bonner, The Daily Reckoning
Ol’ Merle Hazard has the key question figured out. Which will it be? Zimbabwe or Japan? Will it be runaway inflation…or deflation that refuses to run anywhere? Long suffering Daily Reckoning readers already have our answer. We gave it even before the bubble burst in ’07/’08.

news.goldseek.com >> 14 May 2009

Time to Sell Stocks
By: Bill Bonner, The Daily Reckoning Crew
Have you checked your stops, dear reader? Remember back in November, we waited for the Obama Bounce? It was the one of the most reliable phenomena in the world of investing, we said. Then, we began to wonder. Month after month…no bounce.

news.goldseek.com >> 12 May 2009

Is America Overstretched?
By: Bill Bonner, The Daily Reckoning
There are two broad theories concerning the great men of history. One says that history is made by great men. The other says great men are made by history. But here at The Daily Reckoning we think they’re both wrong. In our book, great men don’t really exist. They are merely invented by the historians.

news.goldseek.com >> 11 May 2009

Capitalism at Work
By: Bill Bonner, The Daily Reckoning
We made a brief trip back to France for a board meeting. Returning to London, people all seemed to be in mourning. Black is the color in London. Everyone wears black. Black pants, black skirts, black coats…

news.goldseek.com >> 8 May 2009

Government Counterfeiting
By: Bill Bonner, The Daily Reckoning
Don’t try QE at home, dear reader; you’ll be arrested for counterfeiting. QE so closely resembles old-fashioned printing press money that you couldn’t tell them apart in a police line up. Both are ways to increase the supply of money…which, according to theory, leads to consumer price inflation.

news.goldseek.com >> 7 May 2009

The War On Capitalism Continues
By: Bill Bonner, The Daily Reckoning
The bear rally continues…it is about to enter its 9th week. And the War on Capitalism continues! The Dow rose again yesterday – up 101 points. Oil went up too – to $56. The dollar held steady. And gold was up again…to $911.

news.goldseek.com >> 6 May 2009

Bernanke’s Crystal Ball
By: Bill Bonner, The Daily Reckoning
Thank god for laser eye surgery! Now, the people who were blind to the biggest financial crisis in the history of the world can see clearly again. And what do they see? A recovery! “Bernanke strikes note of hope on economy,” says the headline in today’s International Herald Tribune.

news.goldseek.com >> 5 May 2009

Market Deceptions
By: Bill Bonner, The Daily Reckoning
Happy days are here again! Enjoy them while they last… “Optimism builds,” says a headline in the Financial Times. As predicted, the world markets are enjoying a bounce. People who had no idea there was anything wrong with the world financial system two years ago, now say the problem has been fixed.

news.goldseek.com >> 4 May 2009

How Unions and Governments Destroy Businesses
By: Bill Bonner, The Daily Reckoning
In the newspapers there is much discussion of what General Motors should do. This discussion has gone on for many years. Until now, it was a conversation carried on by serious analysts and auto industry experts. They all said the same thing: GM needed to clear out its management, dump much of its expensive, “legacy” overhead, and produce better cars. Why didn’t it do so?

news.goldseek.com >> 1 May 2009

An Even Greater Depression
By: Bill Bonner, The Daily Reckoning
Not infrequently, governments ‘shoot themselves in the foot.’ But in the current event, they have brought out the biggest cannon in history. We look on with amusement as they blow their fool heads off.

news.goldseek.com >> 30 April 2009

How Gold Will Top $2,000 Per Ounce
By: Chris Mayer, The Daily Reckoning
You no longer have to be a gold bug to think gold will rise in price. In fact, this buying by some of the world’s greatest investors may be the leading indicator for a quick 116% climb – to $2,000 per ounce or higher. Give gold the cold stare of a professional handicapper and the odds look very good, indeed.

news.goldseek.com >> 29 April 2009

Voodoo Economics
By: Bill Bonner, The Daily Reckoning
Finally…we’re back in London. We left at the beginning of April…went to San Diego and Los Angeles…then to Buenos Aires and Salta…then to Paris for a few days.. and now we’re back. London is cold and rainy…just like we left it. Not exactly home…but it will do.

news.goldseek.com >> 28 April 2009

Shifting Toward an Un-free Market
By: Bill Bonner, The Daily Reckoning
Pontiac is going out of business after 82 years. And General Motors is being taken over by the government. Here at The Daily Reckoning’s office in Paris, we are delighted. It’s like being alive when extra-terrestrials finally come calling. Or when the Pope becomes a Mormon. We’re getting to see things we never thought we’d see…amazing things.

news.goldseek.com >> 27 April 2009

Not Depressed Yet
By: Bill Bonner, The Daily Reckoning
When we left three weeks ago, it was cold and rainy in Europe…and the world was in the midst of a terrible financial crisis. But now we’re back…and everything has changed. The trees along the Boulevard de la Villette have leafed out. Flowers are in bloom. People are sitting at sidewalk cafes. Life seems to be returning to normal.

news.goldseek.com >> 26 April 2009

Rabid with Debt
By: Bill Bonner, The Daily Reckoning
“How do you feel now?” asked a reporter for a local investment magazine. “I mean, you’re a contrarian…and you were right about so much?” “Not exactly,” we explained. “Yes, we saw the problem coming. And we expected the government would do all the wrong things – which it has. But we never imagined that they’d do so many stupid things all at once.”

news.goldseek.com >> 24 April 2009

Cry All You Want
By: Bill Bonner, The Daily Reckoning
Today, Argentina is a mess. But it is an adulterated mess. The restaurants in Buenos Aires are still full. The beef is tasty. The women are pretty. The weather is nice. But so distrustful of Argentina’s public finances are investors that you could earn as much as 70% yield on a peso bond – the implied yield at today’s heavily discounted prices.

news.goldseek.com >> 22 April 2009

Is the Bounce Still Bouncing?
By: Bill Bonner, The Daily Reckoning
In the meantime, the Dow rallied a bit yesterday – up 127 points…barely half of what it lost on Monday. Is the bounce still bouncing? We don’t know. But we don’t trust it. They say the stock market ‘looks ahead.’ So, it is possible for it to see things we can’t see. On the other hand, what was it looking at two years ago? Didn’t it see the economy going over a cliff? Apparently not.

news.goldseek.com >> 21 April 2009

Getting in the Spirit of the Depression
By: Bill Bonner, The Daily Reckoning
As near as we can tell, the financial world conveniently remained on hold while we were gone. As of Sunday night, little had changed. Gold, stocks…economists…politicians – they’re all about where we left them. That is to say, the bear market rally on Wall Street continued... But yesterday, the rally on Wall Street got smacked in the chops.

news.goldseek.com >> 13 April 2009

The Feds Keep Spending Alive
By: Bill Bonner, The Daily Reckoning
What a wonderful time to be alive! Never has it been easier to feel superior to our fellow man! So many dopey ideas…so many preposterous delusions! So many fools…so eager to part ways with their money!

news.goldseek.com >> 10 April 2009

A ‘Rebubble’ Attempt
By: Bill Bonner, The Daily Reckoning Crew
The rally is on! The Dow rose another 246 points yesterday.
Enjoy it while it lasts…but keep those trailing stops tight.
The “End of the Rally is Nigh,” says Barron’s.

news.goldseek.com >> 9 April 2009

Deflation’s Return
By: Bill Bonner, The Daily Reckoning Crew
The Dow rose 47 points yesterday…and is up around 180 points this morning. Not too much…but the rally is still on. More or less. But don’t trust it…keep moving up those stops. The state of the economy can be summed up this way, according to our friend Barry Ritholtz, author of The Big Picture blog and the forthcoming book Bailout Nation.

news.goldseek.com >> 8 April 2009

The Great Deception
By: Bill Bonner, The Daily Reckoning
It’s the Great Deception… Not much time to write this morning. In a few minutes, we’re getting on a flight from L.A. to Buenos Aires. Now, in the lounge in Houston, we’re wondering if the bear market rally is over…

news.goldseek.com >> 7 April 2009

A Sucker’s Rally
By: Bill Bonner, The Daily Reckoning
Japan says it’s going to announce another $100 billion stimulus program this week. That should do the trick. After 17 years of bailouts and stimulus programs, the Japanese should be getting good at them. But it’s a little like a guy who’s getting good at suicide – if he’s so good at it, you’d think he’d be dead by now.

news.goldseek.com >> 3 April 2009

How to Put the “Great” into a Depression
By: Bill Bonner, The Daily Reckoning
What a wonderful time to be alive! We get to see things we had only read about in the history books…such as a Great Depression. A depression, of course, is a natural and recurring feature of capitalism. But a Great Depression usually requires lobbying.

news.goldseek.com >> 2 April 2009

Capitalism is Doing its Work
By: Bill Bonner, The Daily Reckoning
We’re playing it straight today. And, as usual, optimistic… The world is NOT going to Hell in a handcart. After a long time spent in the handcart, it is finally getting out and standing on its two feet. Americans are beginning to save again. The Chinese are beginning to look for other places to sell their gadgets and paraphernalia.

news.goldseek.com >> 1 April 2009

A Talk With Tim Geithner
By: Bill Bonner, The Daily Reckoning
Our phone rang yesterday. You know, the hotline we set up to help Treasury Secretaries and Finance Ministers cope with the problems of the global financial meltdown? We picked it up…it was Tim Geithner!

news.goldseek.com >> 31 March 2009

The Feds Take on the Auto Industry
By: Bill Bonner, The Daily Reckoning
We’re delighted to see Mr. Obama in action…rolling up his sleeves and taking direct action to straighten out the U.S. auto business. In this world of collapsing asset values and depression, we needed a laugh.

news.goldseek.com >> 30 March 2009

The Dollar’s Days are Numbered
By: Bill Bonner, The Daily Reckoning
The dollar’s days are numbered. We are beginning to feel sorry for it…as we do all lost causes. Trouble is, we don’t know whether it’s a big number or a little number that marks the dollar’s last days.

news.goldseek.com >> 20 March 2009

Bernanke Fires Up the Printing Presses
By: Bill Bonner, The Daily Reckoning Crew
Wham! For a while, investors didn’t seem to know what had hit them. They were dazed…dumbfounded…awe-struck… The Bernanke Fed announced a “stunning” plan to save the world from depression on Wednesday. The numbers were hard to follow, but they were big:

news.goldseek.com >> 19 March 2009

U.S. Bonds – the Riskiest Safeguard in Financial History
By: Bill Bonner, The Daily Reckoning
It’s the waterslide into Hell! Whee! What a day. Under cover of the AIG scandal, the Fed did something foolhardy yesterday. “Fed plan stuns investors,” says the headline in the Financial Times this morning. It should stun us all. But we’re getting used to expensive bamboozles.

news.goldseek.com >> 18 March 2009

The Fix Is in at AIG
By: Bill Bonner, The Daily Reckoning
Don’t forget, this is not a new bull market. It is a bear trap…a rebound in an on-going bear market. After this phase of anger passes…people will probably feel that the worst is behind us. They’ll squint and see a “light at the end of the tunnel.” Later on, they’ll realize that the light is an on-coming freight train!

news.goldseek.com >> 17 March 2009

Where the Bailout Money is Really Going
By: Bill Bonner, The Daily Reckoning
Pity the rich. Pity the CEOs. Pity the capitalists. Poor Warren. He’s down to his last $25 billion. And Bill Gates can barely hold his head up; his pile has shrunk to barely $18 billion. And do a Google search of “AIG outrage” and you will get 621,000 hits. Alas, being rich isn’t as easy or as much fun as it used to be.

news.goldseek.com >> 16 March 2009

A Stock Market Rebound?
By: Bill Bonner, The Daily Reckoning Crew
Gird up your loins, dear reader. Put wax in your ears and lash yourself to the mast. You are about to be tempted. “Lead us not into temptation,” says the famous prayer. The old timers knew we were weak. They knew we couldn’t resist. They didn’t pray that we would “just say no” to temptation. They knew that wouldn’t happen. Instead, they prayed to God to keep temptation away from us.

news.goldseek.com >> 13 March 2009

How to Save the World
By: Bill Bonner, The Daily Reckoning
The problem was pronounced “contained,” by then-US Treasury Secretary Hank Paulson on April 7th, 2007. And then, on July 20th, Fed chairman Ben Bernanke admitted that the crisis could bring losses up to $100 billion.

news.goldseek.com >> 12 March 2009

The Great Red Hope
By: Bill Bonner, The Daily Reckoning
The Great Red Hope. We’ll get to the commies in a just a moment. First, a question: what happened to Tuesday’s big rally? Yesterday, stocks held steady. The dollar lost ground. And gold rose back over $900. So, are we at the beginning of a major rally…or did it end in a single day? We wait to find out.

news.goldseek.com >> 11 March 2009

A Bear Market Rally?
By: Bill Bonner, The Daily Reckoning
Stocks in the United States have lost $11 trillion in value – more than cut in half – without a single major bounce. We expected one after Obama was elected. All we got was a 15% ricochet. Then, after he announced his major stimulus/bailout/boondoggle program…we thought, surely, stocks would rally then. Nope. Instead, globally, stocks are down 20% since Obama office.

news.goldseek.com >> 10 March 2009

U.S. Banks Overrun by Dirty, Rotten Scoundrels
By: Bill Bonner, The Daily Reckoning
Dirty, Rotten Scoundrels. The world is full of them. Our theme today comes from a movie, in which Michael Caine teaches Steve Martin how to be a gigolo. The idea is to identify rich, vulnerable women…seduce them…and then take their money.

news.goldseek.com >> 9 March 2009

World Economy: Negative Growth - Or Positive Collapse?
By: Bill Bonner, The Daily Reckoning
“Negative growth,” says today’s paper. Yes, dear reader. Stocks are advancing to the rear…and economies are growing…smaller. How we love these oxymorons! If only we could age negatively…and eat all we wanted and gain minus pounds!

news.goldseek.com >> 8 March 2009

A Crash Course in the World Credit Markets
By: Bill Bonner, The Daily Reckoning Crew
“Substantial doubt,” say auditors at Deloitte & Touche. They’ve been studying GMs figures. The numbers make them wonder whether the automaker can continue as a “going concern.” Here at The Daily Reckoning, we’ve got substantial doubt about a number of things.

news.goldseek.com >> 5 March 2009

China: The Hope of the World Economy?
By: Bill Bonner, The Daily Reckoning
Sweden to GM/Saab: Drop Dead! Finally, a nation with a little backbone…a little integrity…a little good sense. And guess what, it’s that dreary socialist refrigerator – Sweden. Asked to bailout its GM-owned automaker, Saab, the country’s Prime Minister just said ‘no.’ Good for him…

news.goldseek.com >> 4 March 2009

The Downfall of the American Consumer
By: Bill Bonner, The Daily Reckoning
Angela Merkel to Eastern Europe: Drop Dead! You remember that famous cover story of the New York Daily News? New York was nearly bankrupt in 1975. The city asked the feds for a bailout. To his everlasting credit, Gerald Ford had the backbone to just say ‘no.’

news.goldseek.com >> 3 March 2009

A Depression - With a Capital ‘D’
By: Bill Bonner, The Daily Reckoning
We’re glad we hoisted our Crash Alert flag when we did. Yesterday, markets all over the world plunged to new lows…with the Dow closing below 7,000 for the first time since 1997. At 6,763…it has only a couple of thousand points left to go. Then, we can begin looking for the bottom.

news.goldseek.com >> 2 March 2009

Federal Firefighters to the Rescue!
By: Bill Bonner, The Daily Reckoning
Investors are “bloodied and confused,” says Warren Buffett, “much as though they were small birds that had strayed into a badminton game…” By the end of 2008, $30-$40 trillion had been lost, in stocks, housing and derivatives. Investors breathed a sigh of relief when December 31 finally came. But then came 2009! World markets have fallen 18% so far this year…2009 is on track to lose far more than even 2008, which was the worst year in stock market history.

news.goldseek.com >> 27 February 2009

Hoorah for Capitalism!
By: Bill Bonner, The Daily Reckoning
The western, capitalist economies are in the midst of their own perestroika. They are being restructured. But not by the world-improvers. Instead, they are being restructured by capitalism itself… Leave capitalism alone and it will do the job far faster and far better than the meddlers could ever do.

news.goldseek.com >> 26 February 2009

Gold: The Barbarous Relic You Can Trust
By: Bill Bonner & The Daily Reckoning Crew
Oh…we are such optimists! So far, the Crash of ’09 has paralleled the Crash of ’29…and the Crash of 1873. All three began in early September. All three saw the big selling in late October. Both in the case of ’29 and ’09 a near-term bottom was hit in mid-November.

Nothing Shines Like Gold
By: Byron W. King, The Daily Reckoning
What’s going on? It’s a worldwide trend. Investors have been flocking to gold and silver. There’s a money migration going on. And I mean BIG money is migrating. It’s like those herds of zebras or wildebeests or gazelles in Africa. When they migrate, the earth shakes and the ground is just a moving kaleidoscope of hides and footprints. The dust clouds blow high into the sky.

news.goldseek.com >> 25 February 2009

Give Liquidation a Chance!
By: Bill Bonner, The Daily Reckoning
A plea to lawmakers…give liquidation a chance! U.S. stockowners got a break yesterday…the Dow rose 236 points. News reports tell us that investors were listening to Ben Bernanke. He’s speaking to Congress…intending to boost investor confidence. But we can’t find anything in Bernanke’s remarks that would give us much confidence.

news.goldseek.com >> 24 February 2009

A Broken Down Stock Market
By: Bill Bonner, The Daily Reckoning
Stocks fell 250 points, on the Dow, yesterday. Only 2,100 more to go. The Dow ended yesterday’s trading at 7,114. Before this correction is over, it will trade below 5,000. That has been our prediction for the last 10 years. Maybe we were a little early. But we’re sticking with it.

news.goldseek.com >> 23 February 2009

A Pile-Up on the World’s Financial Highway
By: Bill Bonner, The Daily Reckoning
The terrible pile-up on the world’s financial highway has left us all in shock. We check to see if our fingers move. We look in the rear-view mirror to see if there is blood on our face. And then we crawl out of the car. Thank God, we can still walk! No broken bones.

news.goldseek.com >> 20 February 2009

Where is the Committee to Save the World?
By: Bill Bonner, The Daily Reckoning
And today…gold futures hit the $1000 mark for the first time in almost a year, as investors rushed to the precious metal as a safe haven. This isn’t the first time investors have turned to gold in times of economic woes, and it won’t be the last. If you haven’t added some gold to your portfolio, there has never been a better time.

news.goldseek.com >> 19 February 2009

The United States: The Largest Ponzi Scheme in the World
By: Bill Bonner, The Daily Reckoning
“Greenspan backs nationalization,” says a headline. Well, that does it for us here at The Daily Reckoning. If Greenspan is in favor of it, we’re against it. No one man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan.

news.goldseek.com >> 18 February 2009

Obama’s Bailout: Too Little, Too Late?
By: Bill Bonner, The Daily Reckoning
Typically, depressions come with bear markets. And bear markets come with bounces and rallies. We expected an O! Bama! bounce after the election. We got one…but much less than we expected. Stocks only rallied about 15%. A stronger bounce will come, sooner or later. But we’ve put up our Crash Alert flag again – just in case. Stocks could go down another 30% – 50% first.

news.goldseek.com >> 17 February 2009

Living in the Post-Bubble World
By: Bill Bonner, The Daily Reckoning
We are in a period of price discovery. Many shares, businesses, and credits are on offer. Typically, people are reluctant to make bids until they have a clearer idea of what these things are worth. What are they worth now that we’re in a post-Bubble world? No one knows. And no one seems in a hurry to find out.

news.goldseek.com >> 16 February 2009

A Doozy of a Depression
By: Bill Bonner, The Daily Reckoning
Remember our dictum: the force of a correction is equal and opposite to the deception that preceded it. As we looked out over the absurd hallucinations, delusions and lies of the Bubble Years – oh, those happy days! – we warned that the coming correction “would be a doozy.”

news.goldseek.com >> 13 February 2009

Bankers Pull Another Fast One
By: Bill Bonner, The Daily Reckoning
Everybody wants to kick the bankers when they are on the ground. Heck, we’d do it too…but the crowd around them is so thick; we can’t get a boot in edgewise. Besides, there are bigger charlatans still standing. After all, bankers were just doing their jobs - separating fools from their money. What about those who were supposed to be protecting the fools?

news.goldseek.com >> 12 February 2009

The Economic Panic of 2009
By: Bill Bonner, The Daily Reckoning
Poor Barack. His whole presidency rests on getting this bailout thing right. If he does, he’ll be a hero. If he doesn’t, the economy will go into a Japan-like slump and he’ll spend his entire time in office dealing with people looking for handouts – zombie banks, comatose corporations, and desperate households.

news.goldseek.com >> 11 February 2009

Depression II: The Horror
By: Bill Bonner & The Daily Reckoning Crew
DEPRESSION II …The Horror…coming soon to theatres near you! “It’s gone deep. It’s gotten worse,” said the president. We’ve seen so many shock and horror movies over the years. We recognize the dialog. But this is no Hollywood thriller. This is real life.

news.goldseek.com >> 10 February 2009

The Geithner Plan Day
By: Chuck Butler, Daily Reckoning
Good day… And a Terrific Tuesday to you! The President talked to us last night regarding the “new and improved” stimulus package. He sounded a bit defensive, don’t you think? But, I will say this; he did try to stay on the high road when defending the package. He really ripped people like me – who oppose the package, and see it as spending only. But I think he forgot to mention that people like me, oppose it because we can’t afford it! But the President firmly believes our economy could completely collapse without this, so I can see where he feels the urgency to get this bill signed.

news.goldseek.com >> 6 February 2009

Here Come the Zeros
By: Bill Bonner & The Daily Reckoning Crew
Zero is a perfidious number. Nobody likes it. Nobody wants to be “a zero.” Nobody wants to get a zero on a test…or zero returns on his investments. It is a line that leads nowhere…with no substance in the middle of it. You can add a zero…or multiply by zeros; it gets you nowhere. And is a zero? Is it something? Or nothing? No one knows.

news.goldseek.com >> 5 February 2009

It’s a Depression, Not a Recession
By: Bill Bonner & The Daily Reckoning Crew
Today, dear reader, we’re going to let you in on a big secret. Pssst…we’re in a depression, not a recession. As we explained yesterday, economists have no sure way of separating the two. But they are profoundly different. In the few words that follow, we’ll explain why…and why this one deserves the “D” and not the “R.”

news.goldseek.com >> 4 February 2009

Wall Street Bankers: The World’s Most Privileged Outcasts
By: Bill Bonner & The Daily Reckoning Crew
Paris, France Today we turn our attention to the world’s most privileged outcasts. “Once envied, Wall Street bankers are now mocked,” says a headline at the International Herald Tribune. So many people are getting on the bankers’ case; we’re beginning to feel sorry for them. After all, what did they do wrong?

news.goldseek.com >> 3 February 2009

In Gono We Trust: U.S. Inflation on its Zimbabwe Up
By: Bill Bonner & The Daily Reckoning Crew
We have it from our usually unreliable source in Washington that Gideon Gono, now head of the Zimbabwean central bank, has been called in to aid the Obama Administration. In secret talks, Gono has agreed to replace the out-going Ben Bernanke, who is said to be going to work as a helicopter pilot. Gono will take over the Fed. And a new bill has already been designed – our source was able to sneak out a copy of the new note – for 1 million U.S. dollars. That’s Gideon Gono’s picture on it.

news.goldseek.com >> 2 February 2009

The Depression of 2008 - ?
By: Bill Bonner & The Daily Reckoning Crew
On Friday, the Dow lost 148 points. But gold gained $20. The ratio of gold to the Dow tells us that either stocks have much further to fall…or gold has much further to increase. We’re looking for a ratio of one to one. At its peak in 2000, you needed 43 ounces of gold to buy the Dow stocks. Now you need only about 10. Still a way to go. Most likely, the Dow will fall …and meet the price of gold on the way up…at about 3,000.

news.goldseek.com >> 30 January 2009

Wall Street Gets the Boot
By: Bill Bonner & The Daily Reckoning Crew
London, England There is no idea so absurd that the majority of people won’t come to believe it …when it suits them. We saw yesterday that the chattering classes are moving towards inflation. Rising prices are no longer seen as evil; they are good.

news.goldseek.com >> 29 January 2009

Dr. Gono or: How I Learned to Stop Worrying and Love Inflation
By: Bill Bonner & The Daily Reckoning Crew
London, England It’s coming dear reader. No doubt about it. The only questions are: When? How much? We’re talking about inflation. First a word of caution. Everything that MUST happen DOES happen. But it doesn’t always happen when and how you think it should.

news.goldseek.com >> 28 January 2009

A Country of Madoffs
By: Bill Bonner & The Daily Reckoning Crew
Yesterday, the Dow rose 58 points. Oil held at $41. The euro at $1.31. And gold fell below $900. The yellow metal still looks good. It is at an all-time high in terms of the euro and the pound. But it still has a long way to go.

news.goldseek.com >> 27 January 2009

Hangover Nation
By: Bill Bonner & The Daily Reckoning Crew
Yesterday, the Dow fell 38 points. But the real action is in the gold market – the price rose to $908 per ounce. Even the gold miners are finally going up. What does it mean? Is inflation closer than we thought?

news.goldseek.com >> 26 January 2009

Return to Magic Mountain
By: Bill Bonner & The Daily Reckoning Crew
-Politicians take the spotlight…the auto parts sector needs a bailout too…
-Leverage is a two-way street…will Obama's plan get the economy going again?
-No magic will make this mountain of debt disappear…gold got a boost on Friday…a memo to Microsoft employees…and more!

news.goldseek.com >> 23 January 2009

Super Baaadddd
By: Bill Bonner & The Daily Reckoning Crew
-Wages of sin…Mommas should now be urging their babies to go into other lines of work - politics, maybe…
-Everyone wants to offload the risks of the financial sector onto the taxpayer…practically the first thing we hear from the Obama administration is worrying…
-Property development in Europe is a disaster…the best of the web…and more!

news.goldseek.com >> 22 January 2009

From Bubble Watch to Bust Watch
By: Bill Bonner & The Daily Reckoning Crew
-Obama - not much different that Reagan, Clinton or the Bushes…American finance: strange and preposterous, but never dull…
-A division of delusion, which led to huge bubbles…who will suffer most when the bus comes?
-One thing that Team Obama will fight to the death…countries around the world play "hot potato" with correction…and more!

news.goldseek.com >> 21 January 2009

Wall Street Snubs Obama
By: Bill Bonner & The Daily Reckoning Crew
-We want Obama to succeed, but we weren't born yesterday…the worst sell-off in Inauguration Day history…
-What if the bankers got what they deserved?…Treasury gets the go-ahead to 'print money'…
-GM to run out of money in March…a blunt letter from the President of Knox Machinery…and more!

news.goldseek.com >> 20 January 2009

Ask Not What Your Banks Can Do For You…
By: Bill Bonner & The Daily Reckoning Crew
-Obama…the world turns its weary eyes to you…Britain had its worst day in years yesterday…
-Blue Monday…BOE gets closer to 'printing money'…what will Obama do with all of this 'political capital'?
-Zimbabwe introduced a new note…inflation could return sooner than you think…and more!

news.goldseek.com >> 19 January 2009

A Nation of Patsies…in a World of Hurt
By: Bill Bonner & The Daily Reckoning Crew
-Yes, he can!…or so he thinks…politics is a dirty job, but someone's got to do it…
-We don't often have the chance to stand up for Dubya, but give the guy a break…he doesn't understand the economy enough to be held responsible for the financial collapse…
-Bankers lend money when they think they can make money at it…Friedman offers Obama some advice…and more!

news.goldseek.com >> 16 January 2009

The Lint Age
By: Bill Bonner & The Daily Reckoning Crew
-Christmas may be over, but Obama is keeping the 'season of giving' going on the Hill…the next bubble will be in public debt…
-Stock prices are more 'normal' than they were a year ago…how many chickens can get in a plane engine?
-What is bad for GM is bad for America…just when you think you have things figured out, the facts change…and more!

news.goldseek.com >> 15 January 2009

The Fed Fights Fire With Fire
By: Bill Bonner & The Daily Reckoning Crew
-A look at Bernanke-ese…still no sign of the long-awaited Obama-bounce…
-Banks need even more bailout money…the world economy is entering a 'lost decade' of recession, deflation and bear market…
-A temporary stock boomlet…who knows the code words for 'fire up the printing presses'?…and more!

news.goldseek.com >> 14 January 2009

The Baddest Bank in the West
By: Bill Bonner & The Daily Reckoning Crew
-The world economy is dangerously ill - we must try some experimental drugs…Bernanke wants to create a "bad bank"…
-America needs Bernie Madoff…Social Security: the ultimate Ponzi scheme?
-The Indian Enron…how can the U.S. pay back money it has borrowed?…and more!

news.goldseek.com >> 13 January 2009

The End of Trade's Golden Age
By: Bill Bonner & The Daily Reckoning Crew
-Put Bernie Madoff on the public payroll…we offer the Feds some advice - whether they want it or not…
-The link between violence and poverty is becoming more apparent…world trade is shrinking…
-The 3D's of the economic situation…the cure for a slump is a slump…and more!

news.goldseek.com >> 12 January 2009

The World Economy Calls in Sick
By: Bill Bonner & The Daily Reckoning Crew
-The economy is in the worst shape since WWII…you can't cure a bubble in five or six months - try five or six years…
-Losing the world's consumers…the Fed's new super drug: "quantitative easing"…
-Things went downhill quickly in Ireland…the Bonner family is getting into the spirit of the Worldwide Financial Meltdown…and more!

news.goldseek.com >> 9 January 2009

Said the Joker to the Thief
By: Bill Bonner & The Daily Reckoning Crew
-A real boom lasts longer than most marriages…you make money by taking from the fool who gives it to you…
-Our forecast for the year ahead, as promised…bounce or no bounce, stock prices are going to go a lot higher…
-People come to think what they must think when have to think it…the ECB to take a page out of the Fed's playbook…watch I.O.U.S.A. on CNN this weekend…and more!

news.goldseek.com >> 8 January 2009

Global Financial Illness
By: Bill Bonner & The Daily Reckoning Crew
-The world markets have begun a correction - and the governments are determined to stop it…the days of 'stuff lust' are long gone…
-Replacing private spending with public spending…in the fight against global financial illness the Fed can't cure the patient…
-The U.S. empire may be too old and tired to battle this downturn…the 50th anniversary of Cuba's revolution…tune into the Critic's Choice Awards on VH1 tonight and cheer for I.O.U.S.A.!…and more!

news.goldseek.com >> 7 January 2009

It's the Economy, Stupid
By: Bill Bonner & The Daily Reckoning Crew
-The economic news continues to bring bad tidings…consumer bankruptcies were up 33% in 2008…
-The financial crash is causing an economic crash, which will cause a worse financial crash…and around and around we go…
-Who will spend their savings in '09?…the CBO puts the budget deficit at $1.2 trillion for this year - and that's not counting stimulus programs…and more!

news.goldseek.com >> 6 January 2009

Bet Against a False Premise…Buy Gold
By: Bill Bonner & The Daily Reckoning Crew
-A look at the economic goings-on that take place on this, the third rock from the Sun…
-The Dow is up again - could this be the beginning of a major rally?…pinning hopes on a stimulus package…much talk of cutting taxes, but not of cutting spending…
-Find a premise that is wrong, and bet against it…for gold bugs, it's now or never…and more!

news.goldseek.com >> 5 January 2009

An American Recovery: How High Will this Dead Cat Bounce?
By: Bill Bonner & The Daily Reckoning Crew
-A year without question marks…stocks have been up for the last three trading sessions - even dead cats bounce…
-The U.S. is facing a political problem, not an economic one…Obama's American Recovery and Reinvestment Plan…but what is there to reinvest?
-The price of gold is going up - and people are finally catching on…will Mr. Market pull another fast one?…economics is not improv theater…and more!

news.goldseek.com >> 2 January 2009

Pigs Get Slaughtered
By: Bill Bonner & The Daily Reckoning Crew
-U.S. government takes over the economy…always look on the bright side of life…
-A few predictions for the New Year…a slew of people get to see their dreams realized - in the United States…
-The government to determine who shall eat…and more!

2008: A Year in Review, Part II
By: Bill Bonner & The Daily Reckoning Crew
-Well, we're glad to put that year behind us…a close call with a moat…a rare, but typical meltdown…
-Bernanke won't stand for deflation…thank God for gold…our first resolution for the year: stick to the basics…
-Our Trade of Decade still stands strong…your last chance to join the Agora Financial Reserve…and more!

news.goldseek.com >> 31 December 2008

2008: A Year in Review, Part I
By: Bill Bonner & The Daily Reckoning Crew
-Here we are…The last day of the worst year in stock market history….being wrong in economics is just a matter of opinion…
-Economies are not machines…consumer confidence hits an all-time low…
-The final stage of the financial crisis is likely to resemble Zimbabwe…a look back at the year behind us…and more!

news.goldseek.com >> 30 December 2008

The Breakdown of the World Money Machine
By: Bill Bonner & The Daily Reckoning Crew
-A bad year…and 2009 doesn't look much better…the worldwide financial crunch is affecting everyone…
-2008 will go down as the worst year for investors of all time…who needs Smoot or Hawley?
-Friedman has let us down…Keynesianism causes more problems than it solves…and more!

news.goldseek.com >> 29 December 2008

Worse than '29
By: Bill Bonner & The Daily Reckoning Crew
-2008 is coming to a close…and investors are looking at a loss of over 40%…
-After a great bubble of consumer debt comes the crushing burden of having to pay it back…even churches are getting their steeples knocked off…
-The real damage - and the real pain - is still to come…spending without a safety net…and more!

news.goldseek.com >> 24 December 2008

Faith in Humbug
By: The Daily Reckoning Crew
-Just looking at the facts today…how can so many people have so much faith in humbug?
-Don't believe in the bailouts…you can't increase consumption while discouraging savings and expect the economy to survive…
-Wishing you and yours a very happy holiday!

news.goldseek.com >> 23 December 2008

Paper Money's Heyday
By: Bill Bonner & The Daily Reckoning Crew
-The whole auto industry has hit a telephone pole…want money? Just ask the hacks in D.C….
-The situation we are facing now is why paper money was invented…Dubya says we must kill capitalism - in order to save it….
-Laissez-faire, we hardly knew ye…end the financial crisis with a money crisis…vote for I.O.U.S.A….and more!

news.goldseek.com >> 22 December 2008

Americans Turn to 'Plan B'
By: Bill Bonner & The Daily Reckoning Crew
-The most foreboding Christmas season in history…every day brings more cutbacks, more bankruptcies and more trouble…
-Borrowers have counted on home equity money to fill in the gaps in their household budgets…using borrowing in place of saving…
-Americans are really beginning to resent Wall Street…consumer prices are sure to fail in the near future…and more!

news.goldseek.com >> 19 December 2008

The Bright Side of Catastrophe
By: Bill Bonner & The Daily Reckoning Crew
-The Dow gives up the post-ZIRP gains…California Babylon seems to be getting a Biblical judgment…
-It's the Revenge of the Dustbowl…gold is the only thing that resisted the bear market…
-Obama's new stimulus package…deleveraging will give us a bout of '30s-style deflation…and more!

news.goldseek.com >> 18 December 2008

The Problem With Leverage
By: Bill Bonner & The Daily Reckoning Crew
-Everyone is howling for Bernie Madoff's head…but we think he just showed how the system actually operates…the markets connect the dots…
-Leverage works both coming and going…the real action is happening in the currency markets - and we know of a winning strategy…
-Bernanke is gonna go Gono…no one is as easy to scam as the scammers…wasn't the bubble nothing more than a giant pyramid scheme?…and more!

news.goldseek.com >> 17 December 2008

We Are All Japanese Now
By: Bill Bonner & The Daily Reckoning Crew
-The Fed goes for broke - and the rest of the country follows…there are really only two ways out of this mess…
-Instead of inflation, we're getting deflation…Gideon Gono can show the Fed how to use these 'new tools'…
-Some sage advice for Obama…the SEC does not fight fraud, it aids and abets it…and more!

news.goldseek.com >> 16 December 2008

Will the Fed Make History?
By: Bill Bonner & The Daily Reckoning Crew
-Houses lost more than $2 trillion in value in 2008…the Fed will cut rates today - but by how much?
-The Trade of the Decade is in profit at both ends…Santa came early this year: gold is in the positive territory…
-An economy is a living thing…Newsweek wants to help Obama fix the world…and more!

news.goldseek.com >> 15 December 2008

The Hellbound Greenback
By: Bill Bonner & The Daily Reckoning Crew
-We feel the Earth move under our feet - sell the dollar, and sell Treasuries…is the rally on or off?
-No more haven status for the greenback…a gold coin is what it is, no more, no less…
-If the Feds are going to throw money at Wall Street, shouldn't Detroit get some as well?…the second wave of the mortgage crisis…and more!

news.goldseek.com >> 12 December 2008

Le Bubble Epoque
By: Bill Bonner & The Daily Reckoning Crew
-Washington to Detroit: Drop dead!…the mainstream media has picked up the message - the downturn is bad and going to get worse…
-Mr. Market likes to surprise us…what if Treasuries turned out to be the most dangerous investments you could make?
-Detroit is a dinosaur, but so is the whole system - our answer to a dear reader…selling Senate seats…and more!

news.goldseek.com >> 11 December 2008

Revenge of the Poor!
By: Bill Bonner & The Daily Reckoning Crew
-The markets are looking over the worst spending slump in 60 years…that planet's first Worldwide Bailout…
-And look at that - we're back to the 'deficits don't matter' stance…the more the Fed tries to fix the problem, the worse it gets…
-Savers are losing a couple of percent per year to inflation…investors are losing money in every asset class…and more!

news.goldseek.com >> 10 December 2008

The Big Three Get Their Bailout
By: Bill Bonner & The Daily Reckoning Crew
-Still getting used to the time difference in Australia…by request: a short and sweet version of The Daily Reckoning…
-Stocks are down…bankruptcies are up…the rally isn't over…buy gold…
-Poor Sam Zell!…$5 billion in losses for the airline industry…a deal for the automakers…and more!

news.goldseek.com >> 9 December 2008

Dude, Where's My Job?
By: Bill Bonner & The Daily Reckoning Crew
-U.S. investors shrug off the jobs data…how long will the bounce continue?
-1 in 10 homeowners are in trouble…the feds are trying to avoid deflation - cue the printing presses…
-The simple way of reliquifying the economy…the world tour continues…and more!

news.goldseek.com >> 8 December 2008

The Classic Post-Bubble Bounce
By: Bill Bonner & The Daily Reckoning Crew
-Despite the rally, the U.S. economy is still in free-fall - and the worst is yet to come…
-Stocks could rise above 10,000 on the Dow, and you know what to do if that happens: sell!…Gloom and doom is the fashion…
-The decline of the great empires…Jethro Tull Mumbai-style…and more!

news.goldseek.com >> 5 December 2008

Gonoism!
By: Bill Bonner & The Daily Reckoning Crew
-Who makes the best cars?..Nancy Pelosi wants to trump Mr. Market…
-Congress is more like a lynch mob than a judge…most likely the Detroit Dinosaurs will be kept alive…
-The Bubble Epoque is finito..it's a Jobs Jamboree Friday - and hold onto your hats, it's worse than expected…and more!

news.goldseek.com >> 4 December 2008

Finally, an Obama Bounce
By: Bill Bonner & The Daily Reckoning Crew
-A bottom - for this portion of the cycle at least…inflation protection at 1% sounds like a bargain to us…
-The bounce may be here now - but the worst is still to come…balance sheet recessions take time…
-The Big 3 are at it again…can driving to the Hill in hybrids reverse the negative public sentiment?…and more!

news.goldseek.com >> 3 December 2008

U.S. Automakers Get What They Deserve
By: Bill Bonner & The Daily Reckoning Crew
-Curing the problem of over-consumption by spending…Goldman takes another hard whack…
-The automakers are still haunting Washington…it's very hard to recover from success…
-South Africa seems to still be booming - on the surface at least…the Agora Financial Reserve opens its doors…and more!

news.goldseek.com >> 2 December 2008

Welcome to the Recession…Already in Progress
By: Bill Bonner & The Daily Reckoning Crew
-Shopping: the patriotic duty of every American…the recession actually began in 2007…
-The inevitable meltdown - just another process of capitalism…well gosh, all the big city money men are just too smart for us simple folk…can someone explain how this all works?
-Why economists favor inflation over deflation…want something for nothing? Just add zeroes…and more!

news.goldseek.com >> 1 December 2008

The Gloom of the Après-bubble World
By: Bill Bonner & The Daily Reckoning Crew
-'Black Friday' - not as dark as previously feared…a senseless casualty in the war on frugality…
-Investors should be checking their shorts - both of them…"going for broke" to avoid a "financial collapse"…
-Madness on the way up, and madness on the way down…geegaws from China sell better than new boats…and more!

news.goldseek.com >> 26 November 2008

The Turkey's Revenge
By: Bill Bonner & The Daily Reckoning Crew
-A couple of quiet days for the stock market -- but the slaughterhouses and gold mints worked overtime…
-Houses won't go to zero because they aren't financial assets, they are just places to live…the natural, normal response to the credit bubble…
-Friedman: the voice of the masses…we are all turkeys, waiting for the axe…and more!

news.goldseek.com >> 25 November 2008

Universal and Financial Calamities
By: Bill Bonner & The Daily Reckoning Crew
-We've seen the future - and it ain't pretty…a fairly good day for stocks yesterday…
-Still sticking with selling stocks on rallies - and buying gold on dips…the universe is blowing itself up…
-The nature of the universe…why women should stand by their man - and men should give a hug and go watch the game…and more!

news.goldseek.com >> 24 November 2008

Balance Sheet Recession - or Depression?
By: Bill Bonner & The Daily Reckoning Crew
-The stock market's eyes are open - but what does it see?…the world probably isn't coming to an end, but it is definitely changing…
-The whole dollar-based monetary system is being washed away…gold in an upward trend in the near future?
-Deflation now, inflation later…even Berkshire Hathaway has been cut in half…and more!

news.goldseek.com >> 21 November 2008

Land of the Rising Sun… Has Officially Sunk
By: Bill Bonner & The Daily Reckoning Crew
-Brace yourself - this correction's gonna hurt…almost all of the gains made by investors in this century have been corrected…
-Oil is regressing to the mean…the Chinese propose to buy GM…the feds are in full inflation mode…
-The signs of a financial apocalypse…welcome to the era of frugality…and more!

news.goldseek.com >> 20 November 2008

The Fall of Wall Street: Innocent Frauds and Armed Robberies
By: Bill Bonner & The Daily Reckoning Crew
-The Dow takes a major tumble…the FOMC predicts the recession will be around for over a year…
-Unblocking the credit markets…why the United States' biggest concern is not deflation…
-A look at the Federal Reserve…another exclusive webinar for our dear readers…and more!

news.goldseek.com >> 19 November 2008

Welcome to the Great Unwind
By: Bill Bonner & The Daily Reckoning Crew
-The losses keep piling up - close to one trillion in stocks, and almost $5 trillion in U.S. homes…the Dow gives a pathetic shot to try to buck the downward trend yesterday…
-The Fed is going into the wild…Ron Paul takes on Big Ben…
-A revolutionary breakthrough in modern medicine…don't miss out on your winter fuel payments…and more!

news.goldseek.com >> 18 November 2008

In the Beginning, There Was the Bubble
By: Bill Bonner & The Daily Reckoning Crew
-So much to correct, so little time…companies that make 'stuff' are facing a world of hurt…
-First the bubble pops…the demand collapses - and takes stocks down with it. But never fear, it's all part of Nature's plan…
-Seeing the world through Dr. Richebächer's eyes - or at least, his chair…the only cure for bubbles…I.O.U.S.A. on the short list for the Academy Awards…and more!

news.goldseek.com >> 17 November 2008

The Paradox of Saving
By: Bill Bonner & The Daily Reckoning Crew
-The Dow keeps losing ground - how much more of this can investors take?…everyone has their hands outstretched for a bailout…
-Who needs college when you can take Mr. Market's Advanced Seminar on Economic Corrections?…the propensity to save…
-Thomas L. Friedman is back - let the games begin!…is Dubya starting to make sense to anyone else?…and more!

news.goldseek.com >> 14 November 2008

O! Bama! The Whole World Turns its Weary Eyes to You…
By: Bill Bonner & The Daily Reckoning Crew
-Where are the plumbers?…We are all Japan, now…consumers have stopped shopping…
-Borrowing money from the savers to give to the spenders…what are we 'correcting', exactly?…retail sales plunge…
-Get ready for the 'Greater Depression'…the five stages of collapse…and more!

news.goldseek.com >> 13 November 2008

A Trillion-Dollar Deficit
By: Bill Bonner & The Daily Reckoning Crew
-Stocks get whacked again…are consumers having a crisis of confidence - or an attack of good sense?
-Everyone is feeling this downturn - rich and poor alike…central bankers are trying to juice up the party…
-Time to get the balance sheets back in line…the bad tidings of Christmas…and more!

news.goldseek.com >> 12 November 2008

Prices Take the Plunge: The Fall of the U.S. Consumer
By: Bill Bonner & The Daily Reckoning Crew
-8 million houses with negative equity in the United States - so much for our "ownership society"…
-The money has disappeared…General Motors shares have fallen to a new low…
-No 'soft landing' for global growth…biggest decline in consumer spending in 28 years…and more!

news.goldseek.com >> 11 November 2008

Obama's Big Bang Bailout
By: Bill Bonner & The Daily Reckoning Crew
-The Chinese "Social Stabilization" program…this year could be the worst year for the Dow since 1937…
-Who cares about the threat of terrorists now? The other dangers facing the United States are far more real…
-Some advice for good ol' Dubya…a report from South Africa…and more!

news.goldseek.com >> 10 November 2008

No Ordinary Cyclical Downturn
By: Bill Bonner & The Daily Reckoning Crew
-Obama's 'big bang' approach to the financial crisis…the prerequisite for being powerful and famous in the United States…
-No one's borrowing…no one's lending…and investors are running scared…a balance sheet recession…
-10 million Americans out of work…cash is more than king - it's a demi-god…and more!

news.goldseek.com >> 7 November 2008

Apocalypse Now
By: Bill Bonner & The Daily Reckoning Crew
-Nobama rally…the Dow has fallen almost 1,000 points since the election results were announced…
-Americans are forced into frugality…the Bank of England makes its boldest move in 27 years…
-Stability lends way to instability…the end of the world as we know it…and more!

news.goldseek.com >> 6 November 2008

The "Balance Sheet Recession"
By: Bill Bonner & The Daily Reckoning Crew
-The economy has had enough partying and has gone the way of Amy Winehouse…the most Americans laid off in almost 6 years…
-Even the Pope is cutting back on luxuries…Obama is about to follow the lead of Hata, Obuchi, Mori and Murayama…
-The crucial differences between the United States and Japan…an inflationary road to nowhere…and more!

news.goldseek.com >> 5 November 2008

The U.S. Dollar: From Strength to Weakness
By: Bill Bonner & The Daily Reckoning Crew
-"America is a place where all things are possible" - sort of…looking to Washington with hope in their hears - and humbug in their heads…
-A new dawn, or a dark night…Want to know what's next? Just look at Japan…
-Thrift becomes fashionable again…championing the merits of riding the bicycle…and more!

news.goldseek.com >> 4 November 2008

The Consumer Collapse
By: Bill Bonner & The Daily Reckoning Crew
-We pity the fool who gets elected today…the most foolhardy effort to prevent a correction we have ever seen…
-Cash will be trash…America's factory index at a record low…consumer spending imploding…
-Your last chance to get I.O.U.S.A….an exclusive interview with Ron Paul…and more!

news.goldseek.com >> 3 November 2008

Deflation Now…Inflation Later
By: Bill Bonner & The Daily Reckoning Crew
-Worldwide deflation…one in five houses in America is underwater…
-We saw this Japan-like slump ten years too soon…Welcome to Hiroshima, mon amour…
-Bubbles always pop…what goes up eventually comes down…and people always get, neither what they expect nor what they hope for, but what they deserve…and more!

news.goldseek.com >> 31 October 2008

Disappearing on the Pampas
By: Bill Bonner & The Daily Reckoning Crew
-Consumers are guarding their wallets…look for unemployment to keep going up…
-Globalization doing the moonwalk…what conditions await the next president…
-The Bank of Bernanke will do what it promised to do…questions from dear readers…and more!

news.goldseek.com >> 30 October 2008

Financial Roadkill
By: Bill Bonner & The Daily Reckoning Crew
-The Fed cut rates - but how low will they go?…the dollar isn't looking so good…
-The cutbacks are just beginning…everyone is in line for handouts…
-Cash may be safe now - but not for long…an interview with a former Treasury Secretary…and more!

news.goldseek.com >> 29 October 2008

Mr. Market, Your Fair Weather Friend
By: Bill Bonner & The Daily Reckoning Crew
-A big jump in the Dow - but don't get too excited…is it the end of the road for U.S. automakers?
-Your second chance to escape the bear market…no one ever said Mr. Market played fair…
-An exclusive chance to own I.O.U.S.A….the silver tsunami…and more!

news.goldseek.com >> 28 October 2008

The Masquerade is Over
By: Bill Bonner & The Daily Reckoning Crew
-The masks are coming off, and what is underneath is not pretty…investors have lost $10 trillion worldwide in just this month…
-People are losing faith in housing and stocks, but they still believe in progress…consumer confidence hits an all-time low in October…
-Why not blame capitalism?…will Argentina go belly-up this year?…and more thoughts, advice and insights!

news.goldseek.com >> 27 October 2008

The First World Depression
By: Bill Bonner & The Daily Reckoning Crew
-Another flag on The Daily Reckoning mast…Asian stocks take it on the chin…
-Our prediction: Dow 5,000…the world's worst headaches will be felt by America's baby boomers…
-The kind of crisis that goes downhill…why it's better to cut yourself off from the financial media (except for us, of course)…and more!

news.goldseek.com >> 24 October 2008

Twenty-Five Standard Deviations in a Blue Moon
By: Bill Bonner & The Daily Reckoning Crew
-A 'bloodbath' on Wall Street - just in time for Halloween…the gloom over growth expectations is now global…
-The Fed may boldly go where no Fed has gone before: below 1%…OPEC cuts production…the yen clobbers the dollar…
-Look for changes on restaurant menus…your reaction to Big Al's testimony…and more!

news.goldseek.com >> 23 October 2008

Does Anyone Know the Way to Recovery Road?
By: Short Fuse & The Daily Reckoning Crew
-Wall Street saw the seventh-biggest point drop in history on Wednesday…71% increase in foreclosures…
-A bailout plan for struggling homeowners…protests at the Mortgage Bankers Association convention…
-Mass layoffs becoming more prevalent…the Founding Father of the credit crisis heads to the Hill…and more!

news.goldseek.com >> 22 October 2008

Deleveraging the World Economy
By: Bill Bonner & The Daily Reckoning Crew
-May have to live off the fat of the land…downscaling of the global economy…
-Is a sucker's rally around the corner?…the Boomer Bust…
-Gold coins in high demand…just when you thought it was safe to get back in the water…and more!

news.goldseek.com >> 21 October 2008

Time to Trim Another Tree
By: Bill Bonner & The Daily Reckoning Crew
-The Oracle of Omaha is bullish on stock prices…but then, everything is bound to do better than cash…
-The hungry mob wants more bread - and the Fed is eager to provide…waiting until the last possible second to act…
-China is slowing…you may want to start stocking up on gold…and more!

news.goldseek.com >> 20 October 2008

When the Going Gets Tough…
By: Bill Bonner & The Daily Reckoning Crew
-At least we'll always have Argentina…the empire of debt is beginning to crumble - hmm…why does that sound so familiar?
-Cursed by success…"We're all Keynesians now"…brace yourself for the fiscal stimulus…
-It's coming dear reader…where you can find some of the greatest opportunities of your lifetime…and more!

news.goldseek.com >> 17 October 2008

These Firefighters are Pyromaniacs!
By: Bill Bonner & The Daily Reckoning Crew
-Who's afraid of a big, bad financial meltdown?…the problem with free enterprise…
-Economics is simple: the mistakes don't just go away if you deny them…if you don't bother to save, you have no savings to fall back on…
-Taking the good with the bad…are you a 'C player'?…heading to Buenos Aires to 'grow cabbages'…and more!

news.goldseek.com >> 16 October 2008

What's Wrong With a Meltdown?
By: Bill Bonner & The Daily Reckoning Crew
-Paulson's desperate measures to save his friends on Wall Street…the fix is in - but the market won't stay fixed…
-Perhaps we needs this meltdown…selling your soul to save the economy…
-Outlook not so good for profits and jobs…biggest drop in retail sales in three years…crude oil under $70…and more!

news.goldseek.com >> 15 October 2008

Capitalism Has Left the Building
By: Bill Bonner & The Daily Reckoning Crew
-Finance has replaced weather as the ultimate small-talk topic…the Committee to Save the Economy…
-How do you weather this storm? Get out your galoshes, dear reader…
-Ronald Reagan must be spinning in his grave…getting in the spirit of saving money…and more!

news.goldseek.com >> 14 October 2008

The Bunkum Behind the Bounce
By: Bill Bonner & The Daily Reckoning Crew
-America is up to its old Rooseveltian ways…the U.S. government has already bought into 9 major U.S. banks…
-Europe has come up with its own bailout plan - but where is the money coming from?…Chris Mayer has surveyed the wreckage, and found two new buys…
-A bounce in the bear market is not cause for celebration, it's cause for selling…it's time to downsize, and relax a bit…and more!

news.goldseek.com >> 13 October 2008

Funny Money
By: The Mogambo Guru, Bill Bonner & The Daily Reckoning Crew
*** There is something funny going on - and not just at the banks…people are tallying up their losses and beginning to sweat…

*** Unemployment on the rise…U.S. federal deficit could go as high as $2 trillion in 2009…

*** AIG is back - and ready for another handout…listen to the soothing words of Thomas Friedman…and more!

news.goldseek.com >> 10 October 2008

Him That Hath Has Less Than He Thought
By: Bill Bonner & The Daily Reckoning Crew
-The day of reckoning is upon us…we hope you took our advice and sold stocks on rallies and gold on dips…
-The U.S. Treasury is following Britain's example and nationalizing the banks…the Great Credit Contraction gets worse…
-Big Al is getting beaten up by the press…financial weapons of mass destruction…and more cheery thoughts and insights to take you into the weekend!

news.goldseek.com >> 9 October 2008

Dimming the Lights
By: Byron W. King, Bill Bonner & Daily Reckoning Crew
*** Say good-bye to the boom days of yore…what must happen, does happen…

*** One in six homeowners is underwater…the world's lights are growing dimmer…

*** The world's buffoons and hacks think they have the answers…don't worry, the SEC is on the case…and more!

news.goldseek.com >> 8 October 2008

Fear is Back…and Mad as Hell
By: Jeff Clark, Bill Bonner & Daily Reckoning Crew
*** Moving from greed to fear…stocks in a free-fall…the forces of inflation are in full retreat…

*** Emergency rate cuts all around…credit, fractional banking and our own emotions are working against us now…

*** Prosperity is being revealed for what it really is: phony…a brief lesson in Palinese…and more!

news.goldseek.com >> 7 October 2008

Get Ready for a Long Ride
By: Bill Bonner, James Howard Kunstler & The Daily Reckoning Crew
*** The battle is hot and heavy…the long-awaited sell-off seems to be here…

*** Our first half of the Trade of the Decade never looked so good…the Fed is planning on making unsecured loans…

*** The crisis hits home…looky here, hedge funds are back in the news…and more!

news.goldseek.com >> 6 October 2008

Viva Deflation!
By: Bill Bonner & The Daily Reckoning Crew
*** There's a crack in every bell God ever made…the loopy humbugs of the financial world finally destroyed - but there are plenty to replace them…

*** When a bank goes down, it's not a pretty sight…without the ability to print money, you have to live within your means…

*** What do you say to an investment banker who has lost his job?…insights from the Group of 30…and more!

news.goldseek.com >> 3 October 2008

Ghosts of the Great Depression
By: Bill Bonner & The Daily Reckoning Crew
-The tree is trimmed…capitalism without creative destruction…does anyone pay attention to the Constitution anymore?
-When will the Fed need a bailout?…the price of gold is low - but it won't stay there forever!
-Deflation rears its ugly head…the delusions people will allow themselves to believe…and more!

news.goldseek.com >> 2 October 2008

The Sky is Falling
By: Bill Bonner & The Daily Reckoning Crew
-Surprise, surprise - the hacks came through…the Senate votes to burden the entire nation with Wall Street's mistakes…
-Breaking the 'psychological cycle'?…Addison and Short Fuse send copies of I.O.U.S.A. to every member of Congress…
-What do wooden arrows have to do with a certain 'rescue' plan?…does this mark the end of the American Empire?…and more!

news.goldseek.com >> 1 October 2008

The Case of the Disappearing Banking Industry
By: Bill Bonner & The Daily Reckoning Crew
-The first reported victim of the credit crisis…confusing feebleminded claptrap with economic brilliance…
-In desperate need of Churchill's magic…Need money? Here's a bank that can't say no…
-Attracted not to the beastly subject, but to the strange beast himself…and more!

news.goldseek.com >> 30 September 2008

Still Waving the 'Crash Alert' Flag
By: Bill Bonner & The Daily Reckoning Crew
-The House rejects the bailout…Dow suffers the worst point-loss of all time…the Fed pumps $630 billion into the markets…
-Banks are taking it hard worldwide…the correction is taking our breath away…
-Gold's looking pretty good right now, huh…the Oracle of Omaha shows Wall Street a thing or two…and more!

news.goldseek.com >> 29 September 2008

Who Will Rescue the Rescuers?
By: Bill Bonner & The Daily Reckoning Crew
-The Europeans are getting in on the act…it doesn't take a genius to see there was going to be Hell to pay…
-The end of euphoria…if Warren Buffett's warning Congress that they need to take action - you know we're in trouble…
-Bush urges Congress to take action…what's bad for the dollar is good for gold…and more!

news.goldseek.com >> 26 September 2008

Too Big to Fail
By: Bill Bonner & The Daily Reckoning Crew
-Leave it to Congress to use "Christmas tree" as a verb…everyone is getting in on the act on the Hill…
-Why is everyone so sure that the people who made this mess will be able to clean it up…
-One person had something smart to say this week - and who it is may surprise you…and more!

news.goldseek.com >> 25 September 2008

Judgment Day
By: Bill Bonner & The Daily Reckoning Crew
-Avoiding the costs of big trouble…parasites and chiselers who benefit from the bailout…
-One thing the president of Iran is right about…deflation is acting like the hair dryer from Hell…
-The jury is still out on who will prevail in this financial war…a few reader comments about our upcoming gift to Congress…and more!

news.goldseek.com >> 24 September 2008

The Winter of Our Discontent
By: Bill Bonner & The Daily Reckoning Crew
-Nightmare on Wall Street…a snapshot of what the future could bring if the war on bear markets goes sour…
-Another dark period for human history…the bailout debate rages on…
-What does $700 billion mean to you?…I.O.U.S.A. takes on Congress…and more!

news.goldseek.com >> 23 September 2008

Mr. Market Will Have His Say
By: Bill Bonner & The Daily Reckoning Crew
-Another exciting day in the world of money…gold ETFs aren't looking as good as they used to…
-The Feds are trying to serve Mr. Market a gag order…the gold price continues to go up, up, up…
-He's baaaaaack…Friedman mistakes wishes for thoughts…and more!

news.goldseek.com >> 22 September 2008

Life Imitates Farce
By: Bill Bonner & The Daily Reckoning Crew
-Seeing the trillion-dollar figure pop up all over…the War on Bear Markets not much different than the War on Terror…
-Dems and reps warm up to battle free markets… Principles are fine - until they get in the way of house prices…
-Forced to decide between Roosevelts…keeping an eye on Central and South America…and more!

news.goldseek.com >> 19 September 2008

The Dumbest Man in America
By: Bill Bonner & The Daily Reckoning Crew
-What will they think of next?…a very costly debt plan…oh, the irony…
-Mr. Market never loses…this week is a reminder that the war is not over…
- When the smoke clears, only one will be left standing…the patterns of history…and more!

news.goldseek.com >> 18 September 2008

A Financial Vesuvius
By: Bill Bonner & The Daily Reckoning Crew
-Feeling the Earth move under our feet…gold is still the refuge of choice for savvy investors…
-The fed to the 'rescue' yet again…the government takes on the insurance business…even the 'full faith and credit' of the United States has its limits…
-The Dow is down 16% for the year - and that makes it one of the best performing markets in the world…all the scams are coming home to roost at once…and more!

news.goldseek.com >> 17 September 2008

Land of the Free Lunch
By: Bill Bonner & The Daily Reckoning Crew
-Is AIG too big to fail? If the feds have their way, we may never find out…we thought we saw the Japanese writing on the wall…
-The United States can't afford a Japan-style slump…deflation is on the march…
-We're still sticking with our formula - sell stocks on rallies and buy gold on dips…an interesting cross-section of Parisians…and more!

news.goldseek.com >> 16 September 2008

A Deflationary Correction
By: Bill Bonner & The Daily Reckoning Crew
-We hate to say 'We told you so' but…watching the masters of the universe go down…
-Will the next boom be in bankruptcy lawyers?…the handwriting has been on the wall for quite some time…
-Suddenly, gold is looking good to investors again…when the going gets rough, the feds fire up the printing presses…and more!

news.goldseek.com >> 15 September 2008

It's Lehman's Turn
By: Bill Bonner & The Daily Reckoning Crew
-Now it is Lehman's turn…in nominal terms, stocks have gone nowhere for ten years…
-Lehman files for bankruptcy protection…everything returns to the mean, eventually…
-History is a good indicator of what to expect…the mood is turning gloomy on Wall Street…and more!

news.goldseek.com >> 12 September 2008

When Scams Collide
By: Bill Bonner & The Daily Reckoning Crew
-Is there no limit to how much the government can borrow? How much it can spend? Won't there come a point when the dollar loses value…and when creditors get scared?
-A leak in the Bubble System…the U.S. trade deficit is unexpectedly large…
-The days of laissez-faire are over…we don't know how low gold can go - but we do know how low stocks and bonds can…and more!

news.goldseek.com >> 11 September 2008

No More Delaying this Decline
By: Bill Bonner & The Daily Reckoning Crew
-The fog of the 'flationary war is lifting…what does it mean when the world's most free-market government nationalizes its largest finance industry?
-No more delaying or disguising this decline…inflation may be in retreat - but that's not good news…
-The Paulson Doctrine…a scary story to keep a sleepy cabdriver awake…and more!

news.goldseek.com >> 10 September 2008

Where the Smart Money is Going
By: Bill Bonner & The Daily Reckoning Crew
-Big tumble, followed by a rally, followed by a tumble - anyone seeing a pattern here?…the smart money knows where it should go…
-We were right all along - or at least for today…one day, U.S. T-bonds will be looked at like shares of Fannie Mae…
-Apparently, the Treasury Secretary hasn't figured out the cost of this bailout on a calculator yet - that's reassuring…Lehman Bros: following in the footsteps of Bear Stearns?…and more!

news.goldseek.com >> 9 September 2008

Don't Steal…the Government Hates Competition
By: Bill Bonner & The Daily Reckoning Crew
-Now the taxpayers get to take on the risk - and foot the bill for the mistakes of the mortgage giants…the Land of the Free just became a little less so…
-When will the mountain of fraud come a-tumbling down?…bear market nowhere near over yet…
-There is no joy in Mudville, after all…all signs point to sluggish economy…a new record high budget deficit…and more!

news.goldseek.com >> 8 September 2008

The Fall of the Giants
By: Bill Bonner & The Daily Reckoning Crew
-Bill's back on the job…at first glance, the drop in oil prices seems like a good thing for the economy…
-The bailout that shook the nation…Hurricane Hank sweeps through the nation's capital…
-Take advantage of the dip in the price of gold…wise words from a former Fed Chairman…I.O.U.S.A. is still in theaters…and more!

news.goldseek.com >> 5 September 2008

Making a Bad Situation Badder
By: Bill Bonner & The Daily Reckoning Crew
-A lot of jamboree-ing going on…the jobs numbers are in - and surprise, surprise…they aren't good…
-Only YOU can prevent fiscal forest fires…the dollar is still standing strong - but is it all smoke and mirrors?
-Don't lose faith in commodities…foreclosures hit a new record high…the next shock to the property sector…and more!

news.goldseek.com >> 4 September 2008

Avoidance Tactics
By: Bill Bonner & The Daily Reckoning Crew
-Gold's taking the plunge…oil's low now - but how long will it stay that way?
-What to avoid in this market - and what to buy…back in the good ol' U.S. of A…
-The eternal boom has come to an end…it looks like the Big 3's going to get their bailout…and more!

news.goldseek.com >> 3 September 2008

The Return of the Greenback?
By: Short Fuse & The Daily Reckoning Crew
-Black goo down…the U.S. - looking good compared to everyone else…
-Selling euros based on the future…saving sound money with golden hamburgers…
-U.S. consumers not out of the woods just yet…get ready for a long winter…and more!

news.goldseek.com >> 2 September 2008

Ineluctable Truths
By: Bill Bonner & The Daily Reckoning Crew
-Ah summer, we hardly knew ye…French may be the language of Proust, but English is the language of money…
-Oil drops to a four-month low…gold dips near our target buying range…and the dollar rallies…
-Poor John McCain…blue gold is still golden…everything tastes better the 'old-fashioned way'…and more!

news.goldseek.com >> 1 September 2008

Economics is a Battlefield
By: Bill Bonner & The Daily Reckoning Crew
-Taking a day off to celebrate labor seems like an oxymoron to us…a look back at our productive summer…
-Calling what's happening in the economy a 'credit crunch' is misleading…most likely, this is just the beginning of the trend…
-Farming is always a boom and bust business…an innocent and necessary pretension…and more!

news.goldseek.com >> 29 August 2008

And the Last Shall be First
By: Bill Bonner & The Daily Reckoning Crew
-Gold is a good thing to have when things go bad…the numbers have been lying to us for years; what story are they telling now?
-You can't really get rich by spending money you don't have on things you don't need…
-Still waiting on a verdict for the economy…a chilly trip to Argentina…and more!

news.goldseek.com >> 28 August 2008

Same Old Mistakes, Different Day
By: Bill Bonner & The Daily Reckoning Crew
-Gustav threatens to shut down the oil rigs in the Gulf…trying to explain the mysteries of market cycles over dinner…
-Everything is in its right place…stocks keep rallying on false hopes that the end is nigh…
-The realm of the world economy is extraordinary…a 'slow volcano' could power San Francisco…and more!

news.goldseek.com >> 27 August 2008

Don't Think About White Elephants
By: Bill Bonner & The Daily Reckoning Crew
-Americans need time to recover from their mistakes…is anyone in the market for a $26 million mansion - fully equipped with an indoor ice rink and movie theater?
-It only makes sense that following the biggest credit expansion ever, comes the biggest credit contraction of our lifetimes…
-Why we still believe in gold…reports of the Dububble from Aussie Joel…and more!

news.goldseek.com >> 26 August 2008

Spreading the Slowdown
By: Bill Bonner & The Daily Reckoning Crew
-A slowdown in world growth…Americans need to accept a lower standard of living…
-An unavoidable correction…an architect of change goes back to the drawing board…
-A champagne-based salve to cure financial abrasions…sending them off, one by one…and more!

news.goldseek.com >> 25 August 2008

Have Merced on Us
By: Bill Bonner & The Daily Reckoning Crew
-Oh, Merced, Merced…how did the Golden State find itself in such a jamb?
-A painful and protracted debacle would actually be a good thing for the nation…buy the dips in gold…
-Detroit is pushing for a bailout…I.O.U.S.A.'s opening weekend…and more!

news.goldseek.com >> 22 August 2008

Clear and Present Financial Danger
By: Bill Bonner & The Daily Reckoning Crew
-I.O.U.S.A. - not merely a documentary film…a friend offers some kind words about our part in the film…
-Paying a billion dollars for a happy ending…"massive failure of the brains of the economy"…
-A room made of tinder - and everyone has a match…and more thoughts from our colleague, Dan Denning…

news.goldseek.com >> 21 August 2008

The Golden Value of Reliable Numbskulls
By: Bill Bonner & The Daily Reckoning Crew
-Private investors are in no mood to ante-up for Fannie and Freddie…gold is only useful because humans are stupid…
-More students community college…your editor makes a fool of himself - twice…
-Dan Denning reports from Melbourne, Australia…

news.goldseek.com >> 20 August 2008

Turning Japanese
By: Bill Bonner & The Daily Reckoning Crew
-The good times are killing us…CDO values are free falling…
-Times are getting tight - and they need to get even tighter…is the whole world economy falling into a soft, Japan-like nap?
-A calamitous situation on our hands…a tearful good-bye…and more!

news.goldseek.com >> 19 August 2008

The Worst is to Come
By: Bill Bonner & The Daily Reckoning Crew
-A little break is in store for The Daily Reckoning…the premier of I.O.U.S.A. is right around the corner - do you have your tickets yet?
-We will stick with our views and investments until we are proven wrong or go broke, or both…the great dollar-based expansion is going to end with a bang and a whimper…
-Blunt words on the worldwide credit crisis…a damning article in the Post…and more!

news.goldseek.com >> 18 August 2008

The Word on the Street
By: Bill Bonner & The Daily Reckoning Crew
-The meltdown of gold and commodities continues…foreclosures are still on the rise in California…
-The curious way in which statistics become confused with knowledge…where is tomorrow's surprise coming from?
-Reports of inflation's death may have been exaggerated…why your editor is an 'anti-social fuddy duddy' and more!

news.goldseek.com >> 15 August 2008

Sugar Daddy God
By: Bill Bonner & The Daily Reckoning Crew
-Takeover of U.S. industries to be piecemeal and disorganized…money from our competitors for world power…
-A momentary turn from sin and wickedness…wearing black and blue in honor of Wall Street…
-Inflation: a "tearless" way to cut workers' wages…vacation season in Europe…and more!

news.goldseek.com >> 14 August 2008

The Plot Thickens…
By: Bill Bonner & The Daily Reckoning Crew
-Financial news as dense as a Russian novel…consumers may be in bigger trouble than we anticipated…
-The subprime crisis - worse than feared?…the glory days of 2006 are long-gone…
-One in four houses sold in America today is sold at a loss…foreclosures continue to soar…the persistence of string beans…and more!

news.goldseek.com >> 13 August 2008

The Big "What If?"
By: Bill Bonner & The Daily Reckoning Crew
-More of an exploration instead of predictions…turns out American homeowners are not 'upside-down' - they are simply 'inside-out'…
-What if consumers, householders, investors, and businessmen all begin to downsize? What if the whole world began to slack off?
-What if China, India and other emerging markets don't emerge as fast as we had hoped?…What if the finance industry and housing don't 'bounce back'?…and more what if's…

news.goldseek.com >> 12 August 2008

Inflation on the Run
By: Bill Bonner & The Daily Reckoning Crew
-What happened to stagflation?…the feds are losing the battle…the dollar is gaining ground against its archenemy…
-Do you feel that chill? That's the world economy, cooling off - and it looks as though nothing will be spared…
-Even the 'prime' borrowers are in trouble…Greenspan's Age of Froth is over…what if the whole world entered a long, slow, slump?…and more!

news.goldseek.com >> 11 August 2008

Can You Spell "Sound Money"?
By: The Mogambo Guru and the Daily Reckoning Crew
*** After so many weeks of stormy, bearish, depressing news…it was time for a little blue sky and sunlight…

*** China faces some tough times ahead…the U.S. will learn: you have to fall down before you can pick yourself back up…

*** The comeback of the greenback?…Georgia on our minds…a French vacation…and more!

news.goldseek.com >> 8 August 2008

Homage to Jacques Rueff
By: Bill Bonner & The Daily Reckoning Crew
-A market that is surprisingly surprising…the meanest reverters in the whole financial world…
-Robert Mugabe: Freddie's new CEO?…expecting the sun to come back over the housing market…
-Americans and Brits caught in no-man's-land…pouring petrol on an already blazing country…and more!

news.goldseek.com >> 7 August 2008

The Absent-Minded Credit Cycle
By: Bill Bonner & The Daily Reckoning Crew
-The two ways to play a correction…bargains, or traps for the unwary?
-The Butch and Sundance of the financial markets…the clumsy, backwards-walking economy…
-The whole world is slowing down…another farcical chapter in the history of the War on Terror…and more!

news.goldseek.com >> 6 August 2008

Financial Correction Center
By: Bill Bonner & The Daily Reckoning Crew
-Preferring the sin of omission over the sin of commission…the definitive answer to last week's gold question…
-Reading the financial news as a weather report…treating our dollars like we treat our salads…
-A humane hanging for business executives…law-enforcement approach better suited to take down al-Qaeda?…and more!

news.goldseek.com >> 5 August 2008

The Wind from Wall Street's Sails
By: Bill Bonner & The Daily Reckoning Crew
-Watching General Bernanke fight a losing battle…when the go-go businesses go bust…
-A nationalized auto industry? Hey, it's happened to housing…looking for stray coins under the seat cushions…
-Pity the poor baby boomers…downsizing in a hurry…and more!

news.goldseek.com >> 4 August 2008

Decoupling in the Land of the Dead
By: Bill Bonner & The Daily Reckoning Crew
-Financing the "golden years" with base metal…when automakers get hauled to the junkyards and sold for scrap…
-Bobbing on a frothy sea of 'money'…the influential fat paws of market manipulation…
-Domesticating the jungle of capitalism…a 'smoking gun' that saves the yankees' case…and more!

news.goldseek.com >> 1 August 2008

Cartoon Capitalism
By: Bill Bonner & The Daily Reckoning Crew
-A 'stag' attacks the nation's eateries…why the bull market in commodities isn't over…
-Waiting for investors to pull the pin…measuring the rate at which the nation impoverishes itself…
-Accidents on the way home from the financial party…a funny story about $20 gold coins…and more!

news.goldseek.com >> 31 July 2008

The Pin in the Monetary Hand Grenade
By: Bill Bonner & The Daily Reckoning Crew
-The $300 billion housing bill is signed…a great example of many, many people doing very dumb things…
-How do the feds get any real money?…the Paulson Doctrine…
-Bankruptcies are piling up…malls are emptying out…pity the poor fool who takes over at the White House…and more!

news.goldseek.com >> 30 July 2008

Every Party Has a Pooper…
By: Bill Bonner & The Daily Reckoning Crew
-An oil company forced into Chapter 11?…as Bush said, Wall Street is 'drunk' - but who supplied the free booze?
-Consumers got a taste of excess spending - and they liked it…now the U.S. economic growth is dependant on this over-the-top spending
-While we are sticking to our Trade of the Decade - it may be a good time to buy stocks elsewhere…and more!

news.goldseek.com >> 29 July 2008

Is Deflation the Clear Winner?
By: Bill Bonner & The Daily Reckoning Crew
-Could it be? Has inflation topped out? Maybe…maybe not…
-The one thing that would give Dubai a swift kick in the pants…cash is probably the best move…
-One of the biggest humbugs in capitalism…the best reason to have real shutters…and more!

news.goldseek.com >> 28 July 2008

Dead Cat Bounce
By: Bill Bonner & The Daily Reckoning Crew
-The boom in finance is over - but that doesn't mean there won't be some spectacular bounces…leveraged stupidity…
-Sell risk, buy caution…has the black goo topped out?…the return of the rails…
-Give the mobs bread and circuses…insights from the Agora Financial Investment Symposium…and more!

news.goldseek.com >> 25 July 2008

Lovable, Moronic Capitalists
By: Bill Bonner & The Daily Reckoning Crew
*** Why the price of gold may be overpriced…the real threat you face is located east of one ear and west of the other…

*** Other shoes are going to drop within the U.S. economy…American household finances are deteriorating rapidly…

*** Get your children Swiss bank accounts…sell stocks, buy commodities…and more insights and advice from this year's Agora Financial Investment Symposium!

news.goldseek.com >> 24 July 2008

A Looney Tunes United States
By: Bill Bonner & The Daily Reckoning Crew
-"The rich" aren't as rich as they think they are…why so unhappy?
-Living in a cartoon house with Jim Kunstler…the truth behind cutbacks in consumer spending…
-An Oscar-worthy cameo in I.O.U.S.A.? No, probably not…a golden success story from the Solomon Islands…and more!

news.goldseek.com >> 23 July 2008

Nationalization at its Finest
By: Short Fuse & The Daily Reckoning Crew
-Themes from Day 1 at the Agora Financial Investment Symposium…saying goodbye to the veto…
-Does the term "hemorrhaging money" mean anything to you?…Zimbabwe is just a mess…
-Wise words from the late great Dr. Kurt Richebächer…straightforward advice from a financial 'rock star'…and more!

news.goldseek.com >> 22 July 2008

A Hank and a Hurricane Affect the Oil Price
By: Porter Stansberry & The Daily Reckoning Crew
-Comments about Fannie and Freddie affect oil prices…
-A word from Dan Denning on the global oil crunch…
-The safest, most profitable places to put your money during the energy crisis…and more!

news.goldseek.com >> 21 July 2008

Cracks in the Monetary Facade
By: Bill Bonner & The Daily Reckoning Crew
-Foreign investors nervously chew their fingernails…the worrisome but necessary "blank check"…
-The single most important economic trend…the dollars are back to haunt us…
-Fundamental economic misallocation…the key to our financial woes…and more!

news.goldseek.com >> 18 July 2008

Fannie and Freddie: Playing With a Stacked Deck
By: Bill Bonner & The Daily Reckoning Crew
-No joy to economists' hearts…the party is over - and the mess has to be cleaned up…
-Financial hanky panky going on in the guest room…pretending to be important parts of private enterprise…
-Who's dumber: the public voter or the public shareholder?…right about the problem; he is wrong about the solution…and more!

news.goldseek.com >> 17 July 2008

Has Oil Topped Out?
By: Bill Bonner & The Daily Reckoning Crew
-What's the real story behind the oil price?…we see both a bubble behind oil prices - and a useful commodity responding to economic forces…
-Investors are waking up to something they should have seen a long time ago…viva la (coal) revolution…
-The stock market is delighting over yesterday's oil slippage…a 'draw' in the 'Flationary War…and more!

news.goldseek.com >> 16 July 2008

Visitors from the Planet Thrift
By: Bill Bonner & The Daily Reckoning Crew
-The global financial system is falling apart, and the world economy is slowing down - but it makes for interesting newspaper reading…
-The American consumer is slowing down - and no one knows what to make of it…what would happen if the Fed chief actually gave it to Americans straight?
-Inflation at 16-year peak…the U.S. commitment to free market principles is weakening…and more!

news.goldseek.com >> 15 July 2008

God, Guns and Gold
By: Bill Bonner & The Daily Reckoning Crew
-All the world's major markets are in decline…the Fannie and Freddie bailout didn't have quite the healing power the U.S. was hoping for…
-The dollar continues to slide against the euro - and gold is sitting pretty…since the free market didn't turn out so well, now it's time for 'adult supervsion'…
-U.S. pension plans have lost $280 billion in assets…the three core values to an American…and more!

news.goldseek.com >> 14 July 2008

The Dark Twins of Mortgage Finance
By: Bill Bonner & The Daily Reckoning Crew
-Things are heating up in the 'Flationary' War…Fannie and Freddie are finito…
-See what happens when you lend money to people who can't pay it back?…"too big to fail" - but who has the money to bail the dark twins out?
-A good time to neither a borrower nor lender be…Happy Bastille Day…and more!

news.goldseek.com >> 11 July 2008

The Biggest Transfer of Wealth in History
By: Bill Bonner & The Daily Reckoning Crew
-Struggling to live in an Aspen mansion…Fannie and Freddie - the Julius Caesars of Wall Street…
-The imposing force of economic delusion…nothing is as cheap as it used to be - even exotic sports cars…
-The croaking of nostalgic old frogs…we have a small favor to ask of you…and more!

news.goldseek.com >> 10 July 2008

The End of the Boomland Economy
By: Bill Bonner & The Daily Reckoning Crew
-Some financial advice from General Sherman…a razor-thin margin of safety in U.S. Treasuries…
-A quote for future historians…an old man can't become a young man just by acting like one…
-Why a good cook is indispensable…a suggestion as to how to combat rising food prices…and more!

news.goldseek.com >> 9 July 2008

Casualties of Financial Friendly Fire
By: Bill Bonner & The Daily Reckoning Crew
-Getting shot to pieces from both directions…abandoned shopping malls to follow abandoned houses…
-Failing to revive the 'animal spirits' of the boom…a consumer economy suffers from 'turning Japanese'…
-Europe: designed for the machine age…Ron Paul explains how we got into this mess…and more!

news.goldseek.com >> 8 July 2008

Huge, Stupid, and Probably Fatal
By: Bill Bonner & The Daily Reckoning Crew
-The East India Company of the 20th century…slowly putting two and three together…
-Mothers don't let your babies grow up to be CEO of GM…the Fed's not going down without a fight…
-Sticking with our Trade of the Decade…coming together, somewhere north of 3,000…and more!

news.goldseek.com >> 7 July 2008

A Supersized Transfer of Wealth
By: Bill Bonner & The Daily Reckoning Crew
-The importance of being nice…a currency without purchasing power OR staying power…
-America's reaction to the energy squeeze…the folly of an old American conceit…
-A long way from "capitulation territory"…an election question from a well-meaning friend…and more!

news.goldseek.com >> 3 July 2008

The Worldwide Consumer Shellacking
By: Bill Bonner & The Daily Reckoning Crew
-Investors turn a whiter shade of pale…the dollar is holding on by its fingernails…
-The 19 billion dollar pack of cookies…40 years without a single step in the right direction…
-Central banker hotline still waiting for its first call…a rare appearance by Percy Sledge…and more!

news.goldseek.com >> 2 July 2008

The Limited Shelf Life of Dollar Fruit
By: Bill Bonner & The Daily Reckoning Crew
-Looking out the window at a real collapse…banking stocks are the new dotcoms…
-The fruit of selling oil and widgets to U.S. consumers…the 3 major challenges facing the United States…
-"Leaning into the wind" seems more like "spitting"…muddling through a bankrupt government…and more!

news.goldseek.com >> 1 July 2008

The Magical Debt-Free Sweet Spot
By: Bill Bonner & The Daily Reckoning Crew
-No point in criticizing a retired wrongdoer…squatters and transients in "see through" houses…
-A disturbing headline in the New York Times…a booster shot to foreign economies…
-Abandoned houses of ill repute…what's been done with the family money…and more!

news.goldseek.com >> 30 June 2008

Spooked by a Combination of 'Flations'
By: Bill Bonner & The Daily Reckoning Crew
-Over $140 and climbing…playing hell with all sorts of investments…
-Bond vigilantes emerging from the land of nod…no country for old men with money…
-Letting the undertakers decide when you are ready to die… no such place as 'nowhere'…and more!

news.goldseek.com >> 27 June 2008

A Serious Word About Mr. Dung's Dong
By: Bill Bonner & The Daily Reckoning Crew
-The high road, the hard road, and the low road…Dubbya gets dissed left and right…
-The '30s ghost scares people coast to coast…stuck in a classic '70s trap…
-Castration: punishment enough to monetary inflation?…giving French winemakers our full support…and more!

news.goldseek.com >> 26 June 2008

Stayin' Alive in the New '70s
By: Bill Bonner & The Daily Reckoning Crew
-The '70s without the muscle cars?…two apparitions join in a ghostly hullabaloo…
-Financial advice from Crocodile Dundee…turning our backs on the problematic "world of the future"…
-Hospitality industry suffers from planned 'stay-cations'…farmers who have time to blockade streets…and more!

news.goldseek.com >> 25 June 2008

Boneheaded Miscalculations
By: Bill Bonner & The Daily Reckoning Crew
-Kudlow and a company of bad hallucinations…the perfect people to lead us into disgrace and bankruptcy…
-Living in the ruins of a civilization that no longer works…the confidence level of suburbanites falls with their house prices…
-The new and fashionable inner city…making room for optimism…and more!

news.goldseek.com >> 24 June 2008

The Fraud of the Great Moderation
By: Bill Bonner & The Daily Reckoning Crew
-Kicking Wall Street while it's down…one sector gets pumped up - and then it gets whacked…
-The incredibly familiar oil bubble…Vietnam has done something extraordinary…
-Armed guards on rice detail… addicted to imported Sony Playstations, iPods and cheap sneakers…and more!

news.goldseek.com >> 23 June 2008

Inflation In Spades
By: Bill Bonner & The Daily Reckoning Crew
-The Fed is losing control of inflation…a 'catastrophic event' just around the corner…
-Our Crash Alert flag has been up for so long that it's in tatters…unsold homes flood the market…
-Consumers are wounded by excessive debt… Zimbabwe's opposition party decided that voting wasn't worth dying for…and more!

news.goldseek.com >> 20 June 2008

Inflation Goes Global
By: Bill Bonner & The Daily Reckoning Crew
-"Say goodbye to your money!"…bursting bubbles always lead to the same things…
-Inflation: Enemy Number Two…what kind of world would it be if people always behaved sensibly?
-Sicking "the fuzz" on terrorism…the bubble that always ends in the perp walk…and more!

news.goldseek.com >> 19 June 2008

Inflation is Winning
By: Bill Bonner & The Daily Reckoning Crew
-Learning to live with inflation…Bernanke regretting rate cuts?
-We will never cease discovering…the weird world is just getting weirder…
-So many moving pieces in the U.S. economy…sheep need a shepherd…and more!

news.goldseek.com >> 18 June 2008

The Economic Tables Have Turned
By: Bill Bonner & The Daily Reckoning Crew
-The Rolling Stones on the state of the U.S. economy…unwelcome liquidity seeps into commodities, food and fuel…
-Suburban U.S.A. we hardly knew ye…cheap oil - lost and gone forever…being old and broke is an unfortunate combination…
-Admonishment from China and the decline of U.S. credibility…not-so-good news from Argentina…and more!

news.goldseek.com >> 17 June 2008

The Socialization of the Mortgage Business
By: Bill Bonner & The Daily Reckoning Crew
-Unless you own an oil well or a goldmine, 2008 has been a bad year…a $3 trillion haircut for U.S. households on the way…
-The United States is broke…one of the most negative carries in the history of housing…
-Aquaculture in Iowa…seems that everyone has a house for sale - but no buyers in sight…and more!

news.goldseek.com >> 16 June 2008

The Good, the Bad, and the Ugly
By: Bill Bonner & The Daily Reckoning Crew
-The Saudis say they could increase production - but some aren't so sure…the cure for high prices is still high prices…
-The real reason oil prices have gone up…you can try to pump air into a burst bubble - but it will just go to another sector…
-The hocus pocus of hedge funds…not much difference between McCain and Obama…and more!

news.goldseek.com >> 13 June 2008

Three Little Facts and the End of the World
By: Bill Bonner & The Daily Reckoning Crew
-Retail sales actually went up last month - how is that even possible?…the Beige Book says the U.S. economy is 'generally weak'…
-The sky's the limit for electronic money - but not so for real wealth…America's money is snapping back…
-Calling into question the U.S.'s car culture…the next big thing in the search for an energy alternative…and more!

news.goldseek.com >> 12 June 2008

Make Way for the Emerging Consumer
By: Bill Bonner & The Daily Reckoning Crew
-China's tiger economy is burning bright…excitement in the Indonesian coal industry…
-Americans get a break from the hard work of consuming…the world's money machine is slowing down…
-A list of top performers for the long-term…the four things we do with our loose change…and more!

news.goldseek.com >> 11 June 2008

The High Cost of Lower Prices
By: Bill Bonner & The Daily Reckoning Crew
-Worshiping Prince Philip as a god…disappointing the heathens of Wall Street…
-The Fed turns its big guns toward inflation front…a series of questions from a Dear Reader…
-The beginnings of the Energy Recession…finding good parking before everyone else…and more!

news.goldseek.com >> 10 June 2008

Betting on Buffett
By: Bill Bonner & The Daily Reckoning Crew
-A high stakes financial wager - for charity?…inflation goes global - and in one case, lunar…
-When greenback leaves turn brown and blow away…the high cost of fueling suburbia…
-Housing has finally run it's course…even mobile homes can't move away from poor stock performance…and more!

news.goldseek.com >> 9 June 2008

The Clear Loser in the War Between 'Flations
By: Bill Bonner & The Daily Reckoning Crew
-All of a sudden, the war is on…when celebrities foreclose, you know something must be wrong…
-The one job of the European Central Bank…the mother of all bubbles fights the food bubble…
-An odd occurrence on a train to Zurich…Central Banking for entertainment purposes only…and more!

news.goldseek.com >> 6 June 2008

Boomer Trends Coming to an End
By: Bill Bonner & The Daily Reckoning Crew
-By the charts ye shall know them…a tough act to follow…
-The petroleum engineer versus the bond trader…will the crown of creation be mean-reverting…
-Is humanity exempt from bubble laws…splashing around in every day low prices…and more!

news.goldseek.com >> 5 June 2008

What Has Really Changed?
By: Bill Bonner & The Daily Reckoning Crew
-What has really changed?…importing inflation…hoping to prove Friedman wrong…
-Can the U.S. central bank really begin fighting inflation in a serious way? Ah, dear reader - there's a cruel twist to this story…
-The cure for high prices is high prices…and so the global economy lurches forward…and more!

news.goldseek.com >> 4 June 2008

Big Ben's Loose Lips
By: Bill Bonner & The Daily Reckoning Crew
-The trouble with getting older…Big Ben expresses himself…
-Globalization is no longer a force for good - but a force for evil…the Bear Stearns domino effect…
-End of the road for Hilary…a new hotline service - made just for central bankers…and more!

news.goldseek.com >> 3 June 2008

What Came First - Inflation or the Egg?
By: Bill Bonner & The Daily Reckoning Crew
-Let's begin at the beginning, shall we?…as the egg goes, so goes the chicken…
-A game of consumer product mousetrap…desperate times for the airline industry and the manufacturing sector…
-Is this a rerun of the 1970's? Don't pull out the shag carpeting and the disco ball just yet…and more!

news.goldseek.com >> 2 June 2008

Out of Gas
By: Bill Bonner & The Daily Reckoning Crew
-We aren't scared of the peaks - what we are nervous about are the valleys…all the Fed's hard work can be undone by a single day of trading…
-The global oil crunch…consumer confidence is out of gas as well - thank goodness for those rebate checks…
-The anniversary of the "Esperanto Money"…in central banking, the consequence of inertia and inactivity is almost always salutary…and more!

news.goldseek.com >> 30 May 2008

The Wrong Kind of Bubbles
By: Bill Bonner & The Daily Reckoning Crew
-A typical financial tale - where nothing goes as hoped for, and everything goes as it should…
-The rise of speculative capital…pumping up a bubble with a chip on its shoulder…
-The three vicious cycles we must face…an interesting TIME cover…and more!

news.goldseek.com >> 29 May 2008

As Simple as Supply and Demand?
By: Bill Bonner & The Daily Reckoning Crew
-The vigilantes are back…putting the screws to the consumers…the confusing Big Picture in the oil market…
-Could the key to understanding the oil market be as simple as grasping the theory of supply and demand?
-The latest news for U.S. housing is worse than ever…Byron King recreates the infamous meeting at Bretton Woods in 1944…and more!

news.goldseek.com >> 28 May 2008

The Consumers are Taking Their Lumps
By: Bill Bonner & The Daily Reckoning Crew
-Finally seeing proof of consumer cutback…$3,000 a week is simply too much to spend on gas…
-Consumer or investor: who's the better financial weatherman…on the usefulness of guns while driving…
-If you give advice, be prepared to get some, too…giving up on London…and more!

news.goldseek.com >> 27 May 2008

Awaiting the Final Bubble
By: Bill Bonner & The Daily Reckoning Crew
-Why an 8th rate cut won't matter…remembering on the Great Moderation…
-A recession by the numbers…two things you don't dare criticize…
-Guilty by association and dropped under the campaign bus…a modern way to feel like a 16th-century heretic…and more!

news.goldseek.com >> 26 May 2008

Welcome to Squanderville
By: Bill Bonner & The Daily Reckoning Crew
-We've got a lot to remember and a lot to reckon with on this Memorial Day…the richest man in the world travels to Europe to seek out better investments…
-The Oracle of Omaha could write for The Daily Reckoning…putting the squeeze on the American family…
-Checking in on Cuba…advice from The Daily Reckoning: you get what you pay for…and more!

news.goldseek.com >> 23 May 2008

The End of the Great Moderation
By: Bill Bonner & The Daily Reckoning Crew
-We don't see ourselves as pessimists…the entire world isn't going to Hell in a handcart - just one nation in particular…
-For the emerging markets, it's getting better all the time…the Fed is caught in the same trap as most Americans…
-Consumers are tapped out…David Walker on CNBC…I.O.U.S.A. at the SILVERDOCS Film Festival…and more!

news.goldseek.com >> 22 May 2008

The Return of Bond Vigilantes
By: Bill Bonner & The Daily Reckoning Crew
-More sorrows for the markets…prices for the essentials are skyrocketing…
-Serious inflation - and more on the way…three wrinkles in economic theory…
-Oil may already be in a bubble - but it could still go a lot higher…and more!

news.goldseek.com >> 21 May 2008

Welcome to the Greatest Show on Earth
By: Bill Bonner & The Daily Reckoning Crew
-The world of money is a world of wonder…a look at the latest legislation to clear the Senate Finance Committee…
-Having completely failed in the Middle East, U.S. lawmakers turn to meddling to the Mid-West…Mmmm - mudpies…
-Did anyone think about the fact that capitalism could be relied on to straighten out the agricultural sector?…and more!

news.goldseek.com >> 20 May 2008

No More Mr. NICE Nation
By: Bill Bonner & The Daily Reckoning Crew
-If the correction in gold is over - gold fever is about to hit…a cheerful message of hope for the future - yes, you are reading the right publication…
-Sub-growth has become the norm in the United States…inflation is just a fact of life…
-The Century of the Emerging Markets…a new gold rush in California…and more!

news.goldseek.com >> 19 May 2008

What Does Inflation Mean to You?
By: Bill Bonner & The Daily Reckoning Crew
-Inflation is usually followed by deflation - but not for the United States…we get them both at the same time…
-What inflation means to central bankers, investors and the consumer…the thankless job of being the world's leader…
-Dubya presents Middle Easterners with a lengthy 'to-do list'…the downside of Hollywood…and more!

news.goldseek.com >> 16 May 2008

Beta Beats Alpha
By: Bill Bonner & The Daily Reckoning Crew
-Hey, good news: the Labor Department reports that the price of gas went down 2%. Hmm…so why is consumer confidence at its lowest point since 1980?
-Californians may be the last to wake up in the morning - but the first to spot a trend…and it ain't good…
-A conversation with Chile's former Labor Minister…and more!

news.goldseek.com >> 15 May 2008

The Fed's Emperor's Club
By: Bill Bonner & The Daily Reckoning Crew
-Accidents don't cause bubbles - Fed policy does…the world, again, turns its weary eyes to Paul Volcker…
-The real cost of the war between inflation and deflation hasn't even begun to register…Bernanke has chosen the pump, not the lance…
-Why the oil price will correct itself…everything happens at the margins…and more!

news.goldseek.com >> 14 May 2008

Success Leads to Excess
By: Bill Bonner & The Daily Reckoning Crew
-The U.S. economy is still 'far from normal'…when houses go down - so does the rest of the consumer economy…
-How much did 'just-in-time' inventory systems save consumers?…a look back at the 1970's…
-Food prices rise the most since 1990…when you can't borrow your way out…and more!

news.goldseek.com >> 13 May 2008

Not Your Father's Recession
By: Bill Bonner & The Daily Reckoning Crew
-Not your garden-variety recession…the main crisis may be over - but the long, slow slump awaits us…
-The world is moving and improving - and leaving the United States behind…the globalization of inflation…
-The Great Moderation was fun while it lasted…still opportunity in emerging markets - especially India…and more!

news.goldseek.com >> 12 May 2008

How Do You Say 'We Surrender' in Mandarin?
By: Bill Bonner & The Daily Reckoning Crew
-China: bigger, faster, stronger…the world's up-and-comer does have some trouble on the way…
-More and more people competing for the world's resources…farmers say 'rain, rain go away' throughout the United States…
-The Chinese work their way up the ladder, as Americans work their way down…only hours remain to get three free months of Resource Trader Alert…and more!

news.goldseek.com >> 9 May 2008

The End of Democracy
By: Bill Bonner & The Daily Reckoning Crew
-The war between the 'flations drags on…nobody is going to cut back on spending unless they are forced to…
-Inflation has become globalized - and soon it will come in, not as a kitty, but as a mean panther…
-In the United States, you are on the pot-holed highway to Hell…and more thoughts, insights and advice to take you into the weekend!

news.goldseek.com >> 8 May 2008

Consumeris Americanus: A Look at an Endangered Species
By: Bill Bonner & The Daily Reckoning Crew
-Up, down…up, down - what's the economy telling us?…a look at an endangered species…
-Rising price of food forces millions of Americans on to food stamps…you may be able to print your way out of a recession - but you can't mint your way out…
-Japan's self-extinction…sugar-caned bio-diesel fuel…and more!

news.goldseek.com >> 7 May 2008

Going on a Tax Holiday
By: Bill Bonner & The Daily Reckoning Crew
-Dude, where's my fiscal stimulus?…everyone pile in the car - we're going on a tax holiday!
-The Fed continues to bamboozle consumers into thinking they are richer than they really are…the bull market in gold is NOT over…
-The Exodus of U.S. wealth…not all art investments are bad ones…and more!

news.goldseek.com >> 6 May 2008

An Empty Belly is a Dangerous Thing
By: Bill Bonner & The Daily Reckoning Crew
-It is the best of times; it is the worst of times…oil is up on U.S. optimism?
-Food riots in Africa…India targets food futures…doom and gloom has been overplayed…
-Don't bet against America, says the richest man in the world…when Friedman points out what an idiot you are, you know things aren't good…and more!

news.goldseek.com >> 5 May 2008

Poverty Time Bomb
By: Bill Bonner & The Daily Reckoning Crew
-The papers have kept us in stitches today…a 'Gas Tax Holiday'? Really?
-Waiting for the showdown between Hillary and Obama…the Fed has created bubble-like conditions in the commodities markets - but Kevin Kerr tells us all is not lost…
-Buffett tells it like it is…the art world's big test…and more!

news.goldseek.com >> 2 May 2008

Victims of Success
By: Bill Bonner & The Daily Reckoning Crew
-Laughing in the face of market sentiment…a world full of 'maybes'…
-The artificial props of Bernanke and Co…more and more people squeezed out of the middle class…
-An interesting bag lady in the Piazza di Navona…an expensive breakfast for two…and more!

news.goldseek.com >> 1 May 2008

The Financial Policies of Never-Never Land
By: Bill Bonner & The Daily Reckoning Crew
-It may be May Day in Europe - but we keep on reckoning…surprise, surprise: the Fed lowered rates…
-Maybe instead of money, the government should send taxpayers free SUVs…
-Still more excitement ahead for the commodities markets - especially for gold…and more!

news.goldseek.com >> 30 April 2008

Bring on the Correction
By: Bill Bonner & The Daily Reckoning Crew
-The more Bernanke, e.t al wins - the more you lose…we can't delay this correction any longer…
-Every bubble eventually pops, losses are taken - and the rebuilding can finally begin…the dark cloud of the consumer economy…
-The correction in the housing market made its sharpest move ever in February…U.S. is doing exactly what they told Asia NOT to do…and more!

news.goldseek.com >> 29 April 2008

Whatever Happened to Monetary Integrity?
By: Bill Bonner & The Daily Reckoning Crew
-When elected officials run out of money - trouble follows…the Vatican: always ready for a siege or a party…
-Where's Volcker when you need him…the likelihood of Greenspan becoming the Pope…
-Truckers protest high gas prices…the major difference between Rome and the U.S. - electronic transfers…and more!

news.goldseek.com >> 28 April 2008

Drowning in the Flood of Liquidity
By: Bill Bonner & The Daily Reckoning Crew
-A trying market climate…just because a lot of mistakes have been made doesn't stop the authorities from making more…
-The Fed is trying to avoid painful decisions at all costs…the "recession diet" may help America's obesity problem…
-A peak in grain production…a very close look at a certain part of the male anatomy…and more!

news.goldseek.com >> 25 April 2008

Mission Creeps
By: Bill Bonner & The Daily Reckoning Crew
-A correction from a dear reader…a correction in emerging markets and other areas means only one thing to us: a buying opportunity…
-The world of 'flation…views from the dark and sunny sides of the street…
-We know the old adage is 'buy when there is blood running in the streets' - but it may be too early to start chasing ambulances…and more!

news.goldseek.com >> 24 April 2008

Noisy Markets
By: Bill Bonner & The Daily Reckoning Crew
-The great overreach continues…there's so much noise in the financial markets, one can barely think straight…
-Housing slump may exceed the Great Depression…the profit parade in commodities marches on…
-We pity the next president…the subprime debacle has produced a tsunami of lawsuits…and more!

news.goldseek.com >> 23 April 2008

An Overreaching United States
By: Bill Bonner & The Daily Reckoning Crew
-Poking through dusty ruins looking for our future…just because we say it, doesn't mean you can…
-Greenspan and Bush accomplished a great feat…an explosion of spending that has blown up in our faces…
-The U.S. still on a slip-n-slide…a Philistine is pardoned a 4-hour tour of the Vatican…and more!

news.goldseek.com >> 22 April 2008

From Artificial Boom to Real Bust
By: Bill Bonner & The Daily Reckoning Crew
-Thinking the unthinkable…profiting from a vacuum in the news stream…
-Millions of causalities in the war between inflation and deflation - but no clear winner…emerging markets are now using more oil than the United States…
-Sad news from Zimbabwe…an updated version of The Demise of the Dollar and more!

news.goldseek.com >> 21 April 2008

The Long Slope of Hope
By: Bill Bonner & The Daily Reckoning Crew
-A whole lot of flation goin' on…it should be onwards and upwards from here on out…
-What will happen when we see a real bottom…the new economies start to pull away from the old ones…
-When the working man was king…on the usefulness of the modern college degree…and more!

news.goldseek.com >> 18 April 2008

Wages of Sin
By: Bill Bonner & The Daily Reckoning Crew
-Waiting in line is the world's most popular activity…from 'could be better' to couldn't be worse…
-Investors are staying put despite a falling sky…ditching the herd in a financial downturn…
-Predictions for a polite and mild recession…the 'Dark Side' as reported by the voice of economic credulity…and more!

news.goldseek.com >> 17 April 2008

The New Fiscal Creed
By: Bill Bonner & The Daily Reckoning Crew
-The tragic end of the Great Moderation…deflation works on yesterday's bubbles…the new Alpha male on Wall Street…
-The frogs are now richer than Americans…the attractiveness of Roman-style reinvention…
-The Big Apple experience at a big discount…mainstream financial press finally pans hedge funds…and more!

news.goldseek.com >> 16 April 2008

All Hands on Pumps!
By: Bill Bonner & The Daily Reckoning Crew
-Economically painful consumer sandwich…Americans and Brits in the same sinking boat…
-No coincidences in oil production, comrade…prices that wear booster rockets…
-Could Skodas make a play in the United States…the high price of food riots…and more!

news.goldseek.com >> 15 April 2008

Junk Bond Nation
By: Bill Bonner & The Daily Reckoning Crew
-A Greek tragedy on the American stage…Americans struggle to drive American cars…
-A way around American energy concerns… a scene like on a street corner in Amsterdam…
-A new generation enters the Bonner gene pool…taking time to fight the odds…and more!

news.goldseek.com >> 14 April 2008

The Biggest Financial Losers
By: Bill Bonner & The Daily Reckoning Crew
-The increased price of greasing the whole machine…written down, written off, and inflated away…
-Pity the poor who have to eat…"late, degenerate capitalism" at its finest…
-Homes wilt like lettuce in the Vegas sun…the Olympic torch passes by Daily Reckoning offices…and more!

news.goldseek.com >> 11 April 2008

Sowing the Wind, We Reap the Whirlwind
By: Bill Bonner & The Daily Reckoning Crew
-Back among the worriers…the United States is headed toward a recession, says the IMF…
-A look back at a 'great' war…Lehman Bros. liquidate three of their funds…
-Someone you definitely want as your next-door neighbor…the food crisis…and more!

news.goldseek.com >> 10 April 2008

The Fog of Financial War
By: Bill Bonner & The Daily Reckoning Crew
-Entering a dangerous and troublesome period in financial history…the battle between the forces of inflation and deflation wages on…
-The Liquidation War…the coming of the Greater Depression…
-Cattle is no longer such a hot commodity in Argentina…what will hobble agriculture in the future?…and more!

news.goldseek.com >> 9 April 2008

An Economic Triple-Threat
By: Bill Bonner & The Daily Reckoning Crew
-The Feds debate the 'long and short' of recession…placing bets on the Fed's next move…
-Greenspan: "Non, je ne regrette rien"…the stinging reproach of a former Fed Chairman…
-Dealing with future problems, today…a few worthwhile suggestions from the Philadelphia film festival…and more!

news.goldseek.com >> 8 April 2008

Increased Spending in the Mistake Market
By: Bill Bonner & The Daily Reckoning Crew
-The return of the cattle market…have the feds saved the planet? Doesn't seem likely….
-Someone will pay for the mistakes in our economy - and it will most likely be you…
-The end is neigh for ethanol…a way for America to get close to energy independence…and more!

news.goldseek.com >> 7 April 2008

One Bubble Pops…Another Inflates
By: Bill Bonner & The Daily Reckoning Crew
-The real problem with the inflation/deflation battle…when your farthings aren't worth what you thought…
-Which way will this tug-of-war go?…the end of a 28-year long road…the trouble with food…
-Dismembering the financial sector…the loose mores of the U.S. financial system…and more!

news.goldseek.com >> 4 April 2008

The Bottoms Are In - Or Are They?
By: Bill Bonner & The Daily Reckoning Crew
-More bottoms than a burlesque show…rebounds that turn even base metals into precious ones…
-The fuzzy edges of a moral system…China! What to make of it?
-An intriguing investment - in Iceland…the crisis of the countryside arrives in the city…and more!

news.goldseek.com >> 3 April 2008

Here Come the Bread and Circuses
By: Bill Bonner & The Daily Reckoning Crew
-Want a sure bet? Bet on deleveraging…the only place where deflation and inflation make common cause…
-So many foreclosures, so little time…apartment sales in Manhattan are at an 18-year low - but prices are still higher than ever!
-Argentina may face worst unrest since the 1970's…a neighbor you would definitely want to lend you some sugar…and more!

news.goldseek.com >> 2 April 2008

The Phony Depression
By: Bill Bonner & The Daily Reckoning Crew
-The Dow heads up, and our Trade of the Decade heads down…still not convinced we've reached the bottom of the decline…
-Lines for food stamps in New York…maybe there's no 'Great Depression' but there's plenty of depressing financial statistics…
-The gap between the haves and the have-nots continue to widen…no matter how much money you have, it never seems to be enough…and more!

news.goldseek.com >> 1 April 2008

A Truly Remarkable Day
By: Bill Bonner & The Daily Reckoning Crew
-The Fed's primary mission is to protect the nation's money and credit?!
-A shop owner in Paris overheard commenting on how much he likes Americans…executives admit their salaries are ridiculous…
-Alan Greenspan apologizes…and more news to take you into the month of April!

news.goldseek.com >> 31 March 2008

Neutering the Markets
By: Bill Bonner & The Daily Reckoning Crew
-It's always dangerous when people have time to stop and think…Hank Paulson spearheads a new financial regulation plan…
-A look at the 'day the dream died'…the U.S. markets are surprisingly not as bad as those overseas…
-A sad anniversary…taking down the teenagers, one by one…and more!

news.goldseek.com >> 28 March 2008

Das Phony Kapital
By: Bill Bonner & The Daily Reckoning Crew
-The busted American consumer…a masked inconvenient truth…blunderingly stupid Wall Street…
-The Bear Stearns of the North Atlantic…is it time to buy Icelandic bonds?
-The great Empire of Debt will eventually destroy herself…other insights, forecasts and views to take you into the weekend!

news.goldseek.com >> 27 March 2008

In An Uncertain World
By: Bill Bonner & The Daily Reckoning Crew
-The bursting tech bubble sucked all the wind out of the economy…the U.S. sneezes and the rest of the world catches a cold - or is it the other way around?
-Keep your eye on India…play it safe: diversify out of the U.S. dollar…
-Zimbabwe is back in the news…a thoughtful note from the Persian Gulf…your last chance at a golden opportunity…and more!

news.goldseek.com >> 26 March 2008

Game Over?
By: Bill Bonner & The Daily Reckoning Crew
-Have we seen the bottom of the gold correction?…the importance of doing nothing…
-How to take advantage of leverage and limit your risk in the gold market…housing continues to head down…
-How will the consumer economy expand when the consumer's pockets are empty?…where's the next bubble?…and more!

news.goldseek.com >> 25 March 2008

Masters of the Universe No More
By: Bill Bonner & The Daily Reckoning Crew
-American markets continue to do what they do best - separating fools from their money…
-How can such clever people be so clueless about what they've got in their own pockets?
-A correction for gold - and a good opportunity for investors…the worst kind of world improver…and more!

news.goldseek.com >> 24 March 2008

Weapons of Financial Destruction
By: Bill Bonner & The Daily Reckoning Crew
-Derivatives: weapons of mass destruction…the effects of a credit bubble turned negative…
-The Japanese have lost wealth for the first time in five years…all across the globe investors are planning for Plan B…
-Examining the Catholic Church…a special offer from our friends at EverBank…and more!

news.goldseek.com >> 23 March 2008

IOU's With Handcuffs
By: Bill Bonner & The Daily Reckoning Crew
-Confusing and conflicting news from the markets…there's still money around - but it is running for its life…
-An economy gone wild…commodities are down - and the dollar is up…
-Automakers not expecting much in the way of a rebound…Alan Greenspan writes for the FT…and more!

news.goldseek.com >> 20 March 2008

A Third Army on the Financial Front
By: Bill Bonner & The Daily Reckoning Crew
-Getting lost in "the Great Unwind"…Hell Week looks more like Purgatory…
-Making way for a 'no' kind of day…what will happen when the armies collide?
-A Japan-style funk may still be in the cards…the Springer-like drama that is New York politics…and more!

news.goldseek.com >> 19 March 2008

Central Banking for Dummies
By: Bill Bonner & The Daily Reckoning Crew
-You could go long…or short…or just go fishing…sometimes doing nothing is the best move…
-A shrewd move from the Fed?…a lot of money is disappearing into thin air…
-Gold at $2,138…financial horror stories…and more!

news.goldseek.com >> 18 March 2008

Hell Week
By: Bill Bonner & The Daily Reckoning Crew
-A hellish week thus far…entering a scarier, uglier phase of the cycle…
-Wall Street waits for the next domino to fall…inflation and deflation: working together?
-Is it time to do a little contrarian buying?…a well-thought out comment from a dear reader…and more!

news.goldseek.com >> 17 March 2008

The Bad News Bear
By: Bill Bonner & The Daily Reckoning Crew
-The Ides of March left its victim: the bloody corpse of Bear Stearns…the 'Margin Call from Hell'…
-The kindness of strangers in the East is waning…the melting U.S. dollar…
-Here's another thing to worry about: the financing gap…politicians just can't get away with anything anymore…and more!

news.goldseek.com >> 14 March 2008

Entering the Helicopter Phase
By: Bill Bonner & The Daily Reckoning Crew
-Hedge funds should be called 'gamble funds'…sleepless in Manhattan…
-Making things worse… the cockamamie economics of modern central banking…
-Dangerous and costly dollar decline…Eliot Spitzer we hardly knew ye…and more!

news.goldseek.com >> 13 March 2008

A Monetary Morality Tale
By: Bill Bonner & The Daily Reckoning Crew
-The worst conditions for the U.S. economy since the Great Depression…gold kisses $1,000 an ounce…
-The gods are giving the boot to the entire financial industry…what more can the Federal Reserve do?
-Your last chance to get in on the commodities super-cycle…and more!

news.goldseek.com >> 12 March 2008

Victims of Our Own Good Fortune
By: Bill Bonner & The Daily Reckoning Crew
-Who will win the financial War of the Worlds?…the end of the U.S. heyday…
-Market influenced movie titles…dodging a contraction - it's an election year…
-Bernanke: the star of an R-rate snuff film…who wants to be the next Fed Chairman?…and more!

news.goldseek.com >> 11 March 2008

We've Got the Golden Ticket
By: Bill Bonner & The Daily Reckoning Crew
-Where will it all end for financial stocks?…geniuses taking their lumps along with the lumpen on Wall Street…
-Favoring the TIPS - bonds adjusted for inflation…why don't investors favor gold over treasuries?
-Time is running out to join the Resource Reserve…and more!

news.goldseek.com >> 10 March 2008

Putting 2 and 2 Together
By: Bill Bonner & The Daily Reckoning Crew
-Stock market took a nice wallop on Friday…all data is pointing toward 'recession'…
-Admiring the intricate natural mechanisms of a market economy…not only is the economy sinking - but so is the value of the collateral…
-Pulling on levers…what would you do with $100,000?…and more!

news.goldseek.com >> 7 March 2008

Disasters Waiting to Happen
By: Bill Bonner & The Daily Reckoning Crew
-Watching our formula at work…consumers are getting squeezed from every direction…
-Not so sure about the second half recovery anymore…the thin blue line of feds…
-First the money goes…then the economy…finally, society itself…and other uplifting thoughts and advice to take you into the weekend!

news.goldseek.com >> 6 March 2008

Bracing for the Bailout
By: Bill Bonner & The Daily Reckoning Crew
-Gold, oil and other commodities hit all-new record highs yesterday…U.S. foreclosures hit record high; mortgage delinquencies at 23-year peak…
-Everything is 'marked to meltdown'…Big Ben and good ol' Dubya are inching toward a bailout of epic proportions…
-Looking back at the words of Bill Buckley…does this seem like the 1970's to anyone else?…and more!

news.goldseek.com >> 5 March 2008

A Fed Failure?
By: Bill Bonner & The Daily Reckoning Crew
-Challenging conditions for banks…indicators signaling a 'slumpy' economy…
-At The DR, we always rise in defense of the poor…the downtrodden…the inebriated and the incompetent…even if it is Ben Bernanke…
-Export tariffs driving the price of wheat up…the war on moles…and more!

news.goldseek.com >> 4 March 2008

Nasty Weather Ahead
By: Bill Bonner & The Daily Reckoning Crew
-The worst weather of the year may be yet to come…$1,000 gold is only days away…
-The Fed's failed rescue mission…costs of the credit crunch continue to mount up…
-Remember the Golden Rule? He who holds the gold, makes the rules…China succumbs to a force bigger than an economic slowdown…and more!

news.goldseek.com >> 3 March 2008

Financial Fantasies
By: Bill Bonner & The Daily Reckoning Crew
-The Dow took a big hit on Friday…the economy is sinking, and inflation is pushing up consumer prices. Stagflation anyone?
-Fed cuts just aren't doing the trick anymore…looking at the fantasies behind the boom…
-Big Al is back in the news, with some interesting advice…the next Baby Boom…and more!

news.goldseek.com >> 29 February 2008

Are We Following in Japan's Footsteps?
By: Bill Bonner & The Daily Reckoning Crew
-This is gonna get ugly…the United States is entering a recession - and is probably already in one now…
-Is the United States going the way of Japan?…does anyone really understand CDOs?
-Gold hits another record high…is it possible that Bernanke will wake up as Volcker?…and more questions, thoughts and insights to take you into the weekend!

news.goldseek.com >> 28 February 2008

What Happens When Consumers Stop Consuming?
By: Bill Bonner & The Daily Reckoning Crew
-The dollar falls to its lowest level ever against the euro…the Fed is caught in the crossfire…
-Inflation could be worse than anyone thinks…a golden "Noah's Ark"…
-Preventing Mr. Market from what he does naturally…William F. Buckley dies…and more!

news.goldseek.com >> 27 February 2008

Feds Rush to Refill the Punchbowl
By: Bill Bonner & The Daily Reckoning Crew
-The news is good and bad - depending on how you look at it…we still have no idea how the party will end…
-$2,000 gold likely in the future…apparently, there are some cities in the U.S. that are still a good buy…
-Shops in New York are beginning to accept euros…cultivating American's delusion of danger…and more!

news.goldseek.com >> 26 February 2008

The Ultimate Sell Signal
By: Bill Bonner & The Daily Reckoning Crew
-Democracy responds to the mob of voters…the housing slump is working its way into family budgets…
-All three of Americans major assets could continue going down for years to come…ignore the housing bulls…
-David Walker resigns - but is far from giving up on the battle against unsound spending policies…and more!

news.goldseek.com >> 25 February 2008

Dark Side of the Boom
By: Bill Bonner & The Daily Reckoning Crew
-Food prices have taken off in Europe…the cost of energy works its way into everything…
-The dark side of the oil boom…looking at market psychology across the globe…
-In the dispute between gold and the dollar - there's no contest…a matter of aesthetics…and more!

news.goldseek.com >> 22 February 2008

There Will Be Blood
By: Bill Bonner & The Daily Reckoning Crew
-Manufacturing data adds to a growing list of worries…gold is hovering close to $1,000…
-There are many things cheap labor can't produce…inflation on one hand, deflation on the other - what's a poor Fed to do?
-The next crisis will be over food…gold may not be perfect - but it's a whole lot better than the alternative…and more thoughts, insights, and ramblings to take you into the weekend!

news.goldseek.com >> 21 February 2008

Sell the U.S.; Buy Latin America
By: Bill Bonner & The Daily Reckoning Crew
-Useful suggestions from your team at The DR - hey, stranger things have happened…
-A booming Latin America…a look at a true globalized, capitalist economy…
-A new tax in London…buy an apartment in Dubai - and get a Mini Cooper…and more!

news.goldseek.com >> 20 February 2008

Smothered in Paper
By: Bill Bonner & The Daily Reckoning Crew
-Oil closes over $100 for the first time ever…stocks are caught in the middle of the 'flations - with nowhere to go…
-The world is being smothered in paper…what do you get to protect yourself from paper? Gold…
-The people who hustle granite countertops are finally getting a rest…trying to understand the distorted derivatives market…and more!

news.goldseek.com >> 19 February 2008

Considering the Price of Tea in China
By: Bill Bonner & The Daily Reckoning Crew
-China's low-cost exports are now not-so low…the commodity index is at record highs…
-Why can't anyone see trouble on the way?…the United States past its peak…
-More and more, financial news is becoming a matter for the cops…prices are always subject to influence…and more!

news.goldseek.com >> 18 February 2008

A Financial War With No Winners
By: Bill Bonner & The Daily Reckoning Crew
-The mysterious trickery of Mr. Market…magical protection from individual stupidity…
-Different, but equally damaging warfare…Obama is accused of plagiarism…
-Choose your poison wisely…a test to contradict the contrarian…and more!

news.goldseek.com >> 15 February 2008

The Devilish Mixture of Stagflation
By: Bill Bonner & The Daily Reckoning Crew
-Bernanke didn't do much to help the gloomy outlook…the world is over-leveraged…
-"Project Lifeline" is not a new reality show, unfortunately…maybe we won't have the recession they all expect…
-What tricks does Mr. Market have up his sleeve?…when you're on top of the world, there's only one place to go…and more!

news.goldseek.com >> 14 February 2008

The Greenback Gets Around
By: Bill Bonner & The Daily Reckoning Crew
-Buffett tells his receivers to go long…the importance of a good moat in making money…
-Most U.S. dollars don't speak English…good credit is not a guaranteed savior…
-Clovis cleaves the vase destroyer…St. Valentine's Day - the baptism of Feudalism…and more!

news.goldseek.com >> 13 February 2008

The Fed's Open Checkbook Policy
By: Bill Bonner & The Daily Reckoning Crew
-The latest dispatch from the front line as the battle continues…good news for Big Ben and his merry band of market manipulators…
-The fed's Open Checkbook policy…the inexact science of central banking…
-The poor stealing from the rich - and vice versa…could the United States dig out of this hole?…and more!

news.goldseek.com >> 12 February 2008

All Quiet on the Western Front?
By: Bill Bonner & The Daily Reckoning Crew
-Quiet on the Western front - or is it…war always produces surprises…commodities are on fire…
-Warren Buffett is bullish on the United States…is the United States poised for a comeback?
-The papers say the smart money is going with Obama - but anything could happen, dear reader…and more!

news.goldseek.com >> 11 February 2008

The Battle Between Greed and Fear
By: Bill Bonner & The Daily Reckoning Crew
-The Year of the Rat - and that's a good sign?…what the Giants winning the Superbowl has to do with our chance of a recession…
-The fierce battle rages on…commodities and gold continue to hit new highs…
-Can buying a house bankrupt you?… In loco parentis…and more!

news.goldseek.com >> 8 February 2008

Inflation - or Death!
By: Bill Bonner & The Daily Reckoning Crew
-Commodities hit a new all-time high…inflation - or the peace of the cemeteries….
-The rebirth of thrift…saving money pays…the dollar wreaks havoc across the pond…
-Capitalism is a moral system…you can do what seems convenient…or you can do what is right…and more!

news.goldseek.com >> 7 February 2008

A Year of Reckoning
By: Bill Bonner & The Daily Reckoning Crew
-It all comes down to fear and greed…even great companies with unbeatable brands are going down…
-Home prices are getting softer and softer…even at these prices, gold still looks like a good thing to hang on to…
-More pain in our future…'global disruptions' cause the BOE to cut rates…and more!

news.goldseek.com >> 5 February 2008

Financial Setbacks
By: Bill Bonner & The Daily Reckoning Crew
-News from the housing market is still grim…trillion dollar deficits…
-How did such a lucky, rich, productive people come to this?…to get rich was glorious…
-There is no magic to Free Enterprise…sometimes an entire class of people get the wrong idea - and go with it…and more!

news.goldseek.com >> 4 February 2008

Capitalism and the American Way
By: Bill Bonner & The Daily Reckoning Crew
-The odds of a recession are getting higher…the biggest stories in this market are the ones that go unreported…
-A look back at 20th century capitalism…the old complainers are back in full force…
- August and everything after…the political power couple…and more!

news.goldseek.com >> 1 February 2008

Banana Republic, Without the Bananas…or the Republic
By: Bill Bonner & The Daily Reckoning Crew
-Capitalism is a jungle, not a zoo…could the Red Giant induce economic paralysis?…
-Happy to be in the camp that was left behind…Baby Boomers to vote for the stars…
-Demanding tributes would have been a better idea…trying to fix a problem that can only be 'corrected'…and more!

news.goldseek.com >> 31 January 2008

Taking Gold in the Inflation Olympics
By: Bill Bonner & The Daily Reckoning Crew
-The catch in the Mr. Market giveaway…forecasting the Trade of the Next Decade…
-More credit is a temptation - not a solution…a misguided replacement plan…
-A view of more gains for gold…is capitalism working too well?…and more!

news.goldseek.com >> 30 January 2008

Putting it in Reverse
By: Bill Bonner & The Daily Reckoning Crew
-Staring out the window, wondering what to do…years away from an ordinary housing market…
-The demise of manna-like credit card purchases…The light bulbs are going on in Debt Nation…
-No thanks for the good advice…increased spending of fictional wealth…and more!

news.goldseek.com >> 29 January 2008

Trading Cash for Krugerrands
By: Bill Bonner & The Daily Reckoning Crew
-Fear is winning in its fight with greed…Bush and Bernanke bring more booze as the party winds down…
-A fraudulent boom is gold's best friend…long term Treasury bonds that only buy a cup of coffee…
-Plenty of room on the downside…the best jobs, the best schools, and the subprime mess…and more!

news.goldseek.com >> 28 January 2008

Resorting to 'Zimbabwe Economics'
By: Bill Bonner & The Daily Reckoning Crew
-Clinton should have gone skiing…the high price of learning an important lesson…
-Money from helicopters good for gold bugs…bipartisan rebates going to Wal-Marts and gas pumps…
-Looking for something else to put in your vault?…a new life…and more!

news.goldseek.com >> 25 January 2008

Against the Gods
By: Bill Bonner & The Daily Reckoning Crew
-Yes…we're still pushing our Trade of the Decade…the dead cat is still bouncing…
-Overlooked opportunity in emerging markets…how bad is this slowdown going
to be?
-The force of a correction is equal and opposite to the deception that precedes it…how can this be happening to the richest country in the world?…and more!

news.goldseek.com >> 24 January 2008

The Aftermath of a Phony Boom
By: Bill Bonner & The Daily Reckoning Crew
-The dead cats bounce…bringing back the "pain index"…were the good times a mirage?
-Commodities are likely to stay in a bull market…sometimes it's easier to be oblivious…
-Evening in America…is American capitalism doomed?…I.O.U.S.A. could be the scariest movie in Sundance…and more!

news.goldseek.com >> 23 January 2008

The Battle on Wall Street
By: Bill Bonner & The Daily Reckoning Crew
-Mr. Market brings out the big guns…a "once in a generation" rate cut…
-"Biggest finance crisis since WWII"…dodging this recession would be like stepping in front of a bus…
-Good analysis from a disc jockey…questioning the value of a formal education…and more!

news.goldseek.com >> 22 January 2008

The Share-Strangled Banner at Half-Mast
By: Bill Bonner & The Daily Reckoning Crew
-The Fed cuts rate before their regularly scheduled meeting…the Land of the Free Lunch…
-The top of the credit cycle was reached - and it's all downhill from here…take a longer look at the cold, hard cash in your wallet…
-I.O.U.S.A. - 'crucial viewing for anyone who claims to care about America'…report from Sundance…and more!

news.goldseek.com >> 21 January 2008

The Rules Don't Change
By: Bill Bonner & The Daily Reckoning Crew
-The bear is here…investors scurry as there's nothing in the nut-bin…so smart that the rules no longer apply…
-"It's the economy stupid"…a shot in the arm versus a shot in the head…troubled economies don't "bounce back"…
-The U.S. on sale at discount price…" the Frankensteinian levered body of shadow banks"…and more!

news.goldseek.com >> 18 January 2008

Clowning Achievements
By: Bill Bonner & The Daily Reckoning Crew
-Looking like bulls in a bullfight…why a decline in homebuilding is good news…
-The rancid smell of curdled loans…the only business to expand before a recession…
-"Tall Paul" condemns the bubble-makers…a very good question - we wish we had a good answer…and more!

news.goldseek.com >> 17 January 2008

Gold Says 'I Told You So'
By: Bill Bonner & The Daily Reckoning Crew
-Stuck between a rock and, well, another rock…leading presidential candidates take a page from Bill Clinton's book…
-Mitt Romney and the outrageously stupid lie…the 79th slot of the periodic table has its day…
-Shipping industry going under…advice from a lawyer on the selling of an Argentine's car…and more!

news.goldseek.com >> 16 January 2008

Fighting the Little Devils in Front of Us
By: Bill Bonner & The Daily Reckoning Crew
-No escape from this financial calamity…stocks take a tumble…home sales take a dive…
-Again, relying on the kindness of strangers…our Trade of the Decade keeps looking better and better…
-The ECB is being cagey…what will Trichet do in the face of such America-like problems?…and more!

news.goldseek.com >> 15 January 2008

The Art of Socializing Risk
By: Bill Bonner & The Daily Reckoning Crew
-The headline we've been waiting for…reluctance to spend what is difficult to replace…
-People do not like paying their debts to the devil…the immorality of inflation…
-I.O.U.S.A. takes Sundance by storm this week…forging rivers on vacation…and more!

news.goldseek.com >> 14 January 2008

Trouble is Here - And He's Brought Friends
By: Bill Bonner & The Daily Reckoning Crew
-False hopes - but gold's rise is real…Mr. Market seems to have punched a hole in the stock market's boat…
-When you come to the end of a credit expansion, troubles arise…a trillion here, a trillion there…
-Say whatever you have to say to win - that's modern democracy in action…last chance to take advantage of a very special offer…and more!

news.goldseek.com >> 11 January 2008

Marking to Madness
By: Bill Bonner & The Daily Reckoning Crew
-The deafening sound of chopper blades as Helicopter Ben begins preparing for his great money drop…
-The loosest regime in the Western world…finally starting to sink in that high oil prices are here to stay…
-House prices going down in Ireland…a car accident in Argentina - the saga continues…and more!

news.goldseek.com >> 10 January 2008

Mr. Market Moonwalks Toward Deflation
By: Bill Bonner & The Daily Reckoning Crew
-Mr. Market is going to do what he wants - no matter which way we yank him…boom - or bust?
-The feds can't stop a slump…downsizing will be all the rage in the coming years - much to McDonald's chagrin…
-Our friend Michael Masterson's book is dominating Amazon - find out how you can get your copy…and more!

news.goldseek.com >> 9 January 2008

The Sushi Slump
By: Bill Bonner & The Daily Reckoning Crew
-Sell stocks; buy gold…the new global currency…the Titans are going to destroy the U.S. economy…
-No easy answers…trying to avoid 'the Greatest of All Dangers'…
-Gold beyond $2000?…Bill Bonner - the next Gene Autry?…and more!

news.goldseek.com >> 8 January 2008

The Glory of the Financial Markets
By: Bill Bonner & The Daily Reckoning Crew
-Putting the high oil price in perspective…there is a foul odor coming from the financial barrel…
-Gold continues to do its job - telling the truth about what things are really worth…the yellow metal and oil may be at record prices, but salaries have gone nowhere…
-Jiggling and crunching the numbers…the education industry has the entire country bamboozled…and more!

news.goldseek.com >> 7 January 2008

Worried About the 'Stag' of 'Flation'
By: Bill Bonner & The Daily Reckoning Crew
-The 'Sushi Funk' of the uncorked New Year…the economic struggle to get out of bed in the morning…
-Sowing as the Japanese sowed…a gaucho that dabbles in economics…
-Christmas on the Delta…a paddle for Plan B…and more!

news.goldseek.com >> 4 January 2008

Predictions, Guesses, and Complete Fantasies for 2008
By: Bill Bonner and The Daily Reckoning Crew
*** Bill's back…a Jobs Jamboree Friday…

*** Employers added the fewest new jobs to their payrolls in more than four years…not a great way to start the year…

*** U.S. auto sales are drying up…thoughts from 'the Delta' in Argentina…and more!

news.goldseek.com >> 3 January 2008

FOMC-ing the Need for Further Rate Cuts
By: Christopher Hancock and The Daily Reckoning Crew
*** 2008 not starting out too great…does the ISM data signify a recession?

*** Looking into FOMC minutes from December…the Fed caught between a rock and a hard place…

*** Crude hits $100 a barrel - is a lone trader the cause?…28-year highs for gold…and more!

news.goldseek.com >> 2 January 2008

Economic Cold and Flu Season
By: James Howard Kunstler & The Daily Reckoning Crew
*** Looking in the rearview to discern what's in front of us…more bad news for the dollar…

*** Gold touches $860 an ounce…unsettling data from the manufacturing sector…

*** No bottom for the housing market…a positive year for the markets?…and more!