STAFF NEWS & ANALYSIS Showing 4901 - 4950 of 4994
Barack Obama Unveils $1 Trillion Economic Stimulus Package
December 10, 2008
To use public works programs as a cover for the creation of political unpopular infrastructure and bureaucratic expansion will likely prove unpopular in certain areas and with certain interest groups that have already mustered considerable resistance. If it tur ...
Tribune Files for Chapter 11 Bankruptcy
December 09, 2008
What was Zell thinking a year ago? That the economy was going to bounce back from whatever it was starting to go through? Nonetheless, he went ahead and made a big acquisition that he can't handle now in the deteriorating business environment. And we're not any ...
The Destructive World of Toxic Derivates
December 08, 2008
It stands to reason. If indeed some derivatives deals are already headed south, then a US$500 trillion market is in jeopardy. Where one transaction can go, others can follow. The central banking mechanisms around the world that stand ready to support institutio ...
China's Officials Debate Renminbi Convertibility
December 05, 2008
There is an increasingly contagious supposition that the Chinese, sooner or later, are fixing to offer the world the next reserve currency – and it is obviously being fanned by the Chinese themselves. But not so fast. We believe that Chinese currency, like th ...
IRS Ponders Offshore Tax Shelters
December 04, 2008
It certainly seems true that offshore tax havens redirect funds that would otherwise go to American and European Union coffers. But from a free-market standpoint, taxes are methodology of control in a central-banking economy more than a necessity (as the centr ...
Governors Urge Obama to Spend on Infrastructure
December 03, 2008
It sounds reasonable; but let us examine this premise in a little more detail. First of all, how much of American infrastructure is "necessary - how much was built in response to market forces and how much was built in a way that markets would have organized. A ...
Schwarzenegger Declares Fiscal Emergency
December 02, 2008
The current economic crisis will hit American towns and cities hard and it will be interesting to see how much Federal largesse will trickle down to the states and the local level. The infection of the graduated income tax, which became law on a federal level i ...
What Would Keynes Have Done?
December 01, 2008
Keynes' reputation had gone into serious decline but now for some reason the master of economic misinformation is making a comeback. Keynes was a member of what is called the Bloomsbury Group, a retinue of the British elite determined to bring socialism to tha ...
Citigroup Says Gold Could Rise Above $2,000
November 28, 2008
The dominant mainstream media theme is that the dollar is a safe haven against whatever is happening in the world. But the Citigroup report which is all over the Internet if not the mainstream news, has taken the unusual step of agreeing with the gold "perma-bu ...
Obama Taps Volcker to Head Panel on Crisis
November 27, 2008
So who is Paul Volcker. He is the consummate insider's insider. As chairman of the Federal Reserve in the late 1970s he tightened interest rates until the American economy (and therefore the world's) squeaked and in the process managed to create a two year West ...
Gold Hits Six-Week High on Safe-Haven Buying
November 26, 2008
Stocks were up, the dollar has been strong (relatively speaking) and gold has been making a push. What's going on? Money metals provide a haven when economies become distorted, and the current economic situation is fairly maladjusted from decades of monetary st ...
Fed Pledges Top $7.4 Trillion to Ease Frozen Credit
November 25, 2008
Gee, we figured that central banks around the world would spend up to $100 trillion on the financial crisis, and the United States is already closing in on US$10 trillion. Things are moving fast! Of course, US$100 trillion sounded like an absurd amount, but wat ...
Bush Reaffirms Commitment to Free Trade?
November 24, 2008
One wonders how in the world President George Bush can get up on the big stage and call for free markets given the state of the country that he is leaving behind. This is not to say that another American president will necessarily be able to reinvigorate Wester ...
U.S. Power and Influence Will Decline in Future
November 21, 2008
Using fiat-money capitalism, the United States bestrode the world like a colossus, sending its military far and wide, destabilizing countries in South America and the Middle East and exporting inflation via non-gold-backed Treasurys that first Japan and then Ch ...
U.S. Fed Signals Ready to Cut Rates Amidst Glum Outlook
November 20, 2008
Central banks struggle against deflation much as a tiny band of Spartans struggled against overwhelming Persian forces so long ago. Under this scenario, one is to visualize Ben Bernanke, Hank Paulson, et. al. as overwhelmed but battling courageously on our beha ...
Citigroup to Lay Off 52,000 More Jobs
November 19, 2008
At its peak, Citicorp employed some 375,000 workers and one wonders what all those people did. Of course one needn't wonder much longer because if Citicorp does survive it will be in a much diminished state. Why question Citicorp's survival? Because there will ...
Financial Crisis Tab Already in the Trillions
November 18, 2008
We estimated yesterday that the price of the ongoing bailout, worldwide, would be in the tens of trillions, or even over US$100 trillion. Now along comes an article that makes the point that the current tab, a few months into the "crisis" in America alone is al ...
U.S. Democrats: Big Three Aid Comes With Conditions
November 17, 2008
Last we looked, there was not much in the American Constitution about bail-outs for car-makers or even for banks. And while we thought an initial, targeted bail-out involving bad bank loans might be helpful to ease the transition from good times to bad – give ...
Bush Defends Capitalism on Eve of Economic Summit
November 14, 2008
The strangeness of the late 2000s media dialogue continues. Now America's President George Bush has issued a warning to other countries: "Don't mess with capitalism." The article, excerpted above, points out his belief that capitalism is the best system for unl ...
Paranoia on the Rise, Experts Say
November 13, 2008
Anyone with a sufficient grasp of reality might well feel a twinge of paranoia at the pattern of current events. The best way to counteract it is to seek solutions that alleviate the helplessness that often accompanies such a state. Preparing for the worst, som ...
Confirmed Treasury Silver Manipulation?
November 12, 2008
We have been fairly straightforward about our belief there is something fishy as regards the price of gold and silver. We think in a normal environment the price would have gone higher, and sooner. Of course such a suspicion demands a motive. The motive, fairly ...
Warnings From World Leaders
November 11, 2008
From a free-market perspective, the above remarks reaffirm what we already understand to be true about precious metals: in a bear market, with all its attendant anxieties, gold and silver often thrive. Bear markets are inherently difficult from an emotional sta ...
G-20 Nations Ready to Take 'Urgent' Action
November 10, 2008
It is hard to keep track of all the international organizations these days. Once upon a time, the United Nations was going to provide a central forum for these sorts of activities, but no more, apparently. The UN, perhaps because of endless corruption, has appa ...
Obama to Meet With Economic Team
November 07, 2008
For some reason, it is widely accepted within the mainstream media that Barack Obama shall bring a sense of reason and purpose to responses to the economic crisis. He is meeting with people reputed to be at the top of the economic field, and the idea is that t ...
What the World Wants From Its President
November 06, 2008
The idea that Barack Obama will be more friendly to the European Union is fairly discouraging. There is nothing very democratic about the EU these days, with its constant electoral do-overs and endless striving for the attributes of a nation state. There is als ...
Democrats Expand Control of Senate by Five Seats (Obama Wins)
November 05, 2008
The victory of Barack Obama is being presented in the mainstream media as a resounding affirmation for Obama's slogan of "change." While no one is absolutely sure of what "change" entails, one might offer with some certainty the idea that the vote that propelle ...
Nowhere Man: A Farewell to Gee Dubya
November 04, 2008
In truth, George W. Bush's record is one of militant government activism. He used every lever of federal government machinery to build a legacy featuring a public debt over $10 trillion, two hot wars and several more cold ones, a dysfunctional, national educati ...
Putin: We Must End Monopoly in World Finance
November 03, 2008
Putin joins Chinese leaders in demanding a change in the international financial scene. But it is not clear what he means by this. The Chinese, perhaps, are slightly clearer, having called for more regulation and a decreased role for the dollar. Putin apparentl ...
Gold Wars of Attrition
October 31, 2008
This subject can be made complex, but it is really quite simple. Here at the Daily Bell, we've been commenting on it for months, but now a spate of articles have hit the hard-money and alternative 'net press predicting that fairly significant events will occur ...
Fed Cuts Rate by Half a Point, Is Open for More
October 30, 2008
It is fairly obvious to anyone who reads a lick that central banks and fiat money are the most responsible for the endless blowups that afflict Western, and now world, economies. And the blow ups constantly seem to get worse. In America the first real blow up c ...
Dow Jumps Nearly 900 Points
October 29, 2008
Everything is OK now? The Dow roared up an almost impossible 10 percent yesterday, purportedly on news of an expected rate cut by the Fed. All this is fairly cynical in our opinion. Between basic money generation and rate cuts (credit generation), the amount of ...
Global Economy Talks Call for Greater Role for IMF
October 28, 2008
It is just astonishing that the IMF is creeping back into the picture in a big way. The IMF is putatively supposed to help countries that have spent too much money and are in danger of going broke. Of course, once upon a time, such countries were third world. T ...
China's Central Bank Warns of Risks in Illegal Gold Futures Speculation
October 27, 2008
China looks out for its own. But this time the old men who run the place may be feeling a tad snookered. Yes, it would seem the dragon is stirring. (See next article as well.) It could be that China's leaders see a chance to flex their muscles, or it could be t ...
Greenspan Shocked at Extent of Financial Crisis
October 24, 2008
What a load of hooey. Do you really think that Greenspan was surprised by the current speculative bubble? Do you still think he had no idea? He writes as a young man, The excess credit which the Fed pumped into the economy spilled over into the stock market-tri ...
German Anger Meets Swiss Wrath in Tax Row
October 23, 2008
Actually, this is not merely "infighting" but yet another historical opportunity to watch the conflict between socialism and republicanism. For Switzerland is probably as close to a functional republic as the Western world has now that America has dropped out o ...
Haarde's Free-Market Embrace May Prompt Backlash by Icelanders
October 22, 2008
It's fascinating to watch tomorrow's history being written today. When it comes to the financial crisis, one can see the meme being constructed – capitalism fails and socialist/Fabian-ist John Maynard Keynes makes a comeback. Government is useful after all .. ...
Amid the Rubble of Global Finance, a Blueprint for Bretton Woods II
October 21, 2008
The leftist Guardian can't help itself of course. These plans have been circulating for months, for years, probably. Those behind them just needed one big, fat crisis. And now they have one. And they are licking their lips. Certainly Jeffrey Sachs is. One of th ...
Bush Plans to Host World Powers at Economic Summit
October 20, 2008
It is hard to see through the vagueness to exactly what is being called for, but no doubt whatever takes place will do nothing to address the root cause of the current economic crisis. Those who are most forceful in calling for "reform" – whatever that is – ...
Swiss Government Props Up UBS With $60 Billion Lifeline
October 17, 2008
Being part of a publishing company based in Switzerland, we doubt the average citizen is going to be especially pleased with what is going on in its storied banking business. The Swiss are an industrious people to be sure, but above all what Switzerland provide ...
Bernanke Weighs Limits on Bank Consolidation, Asset Bubbles
October 16, 2008
Actually, it is starting to seem as if Bernanke will say virtually anything to sound like he knows what he is doing. But what he's saying seems to get increasingly bizarre. Alan Greenspan, Bernanke's predecessor was always talking about asset bubbles (even if h ...
Americans Embrace Big Government to Help
October 15, 2008
The kind of soft socialism that has been ushered in with the latest and most expansive US government involvement in the private sector is un-American in a fundamental sense. If one subscribes to the idea that America was once the world's most powerful and produ ...
U.S. Treasury Said to Invest in Nine Major U.S. Banks
October 14, 2008
One would not have predicted years ago that the current American administration would be taking $125 billion-plus position in America's largest investment banks (eventually, we will see how much it really is), and dictating the terms as well. That this is takin ...
We Must Lead the World to Financial Stability
October 13, 2008
Thanks to the current credit crisis, which is actually a crisis of Western "fiat" money, UK Prime Minister Gordon Brown has seemingly made a comeback in popular opinion. Popular opinion had previously been running heavily against Brown, who succeeded the increa ...
Who Is Going to Bail Out the Euro?
October 10, 2008
Evans-Pritchard is one of the better mainstream economic commentators, and he has been hitting the economic crisis hard. He certainly has hard-money sympathies, and he has written on one occasion or another that the only currency worth owning right now is bulli ...
Brave New World?
October 09, 2008
As part of what we hope could be considered a public service, we continue to report on calls for ever deeper and more invasive regulatory fixes, worldwide. These efforts are usually accompanied by melancholy protestations of sincerity. And the breast-beating an ...
U.S. Treasury Appoints Financial Stability Chief
October 08, 2008
From farce to tragedy? This is what happens when free-markets are overtaken by uncontrolled cronyism and corruption. A 35-year-old gets tapped to run a US$700 billion bailout fund that is supposed to save the American economy and thus the world's financial syst ...
Gold Rises as Stocks Tumble
October 07, 2008
A funny thing happened on the way to a commodity collapse. Gold went up. As part of the endless attack on money metals by the monetary elite, the idea that gold and silver are "commodities" has been another arrow in the quiver of honest-money negativity. But go ...
More Calls for Global Financial Rules
October 06, 2008
We began to predict calls long ago for more international regulation based on the current "financial crisis." Our perception of what was bound to occur has indeed come true in various regions. Take the United States. Here, the Democrats have been gearing up for ...
UBS Turns a Corner
October 03, 2008
It must be great for those of the "Swiss persuasion" who identify with large banks to see that UBS is back on track. Everything sounds really good. After a loss of only US$43 billion, the great Swiss bank has turned the corner. Its management expects it to be p ...
Revolt of the Nihilists
October 02, 2008
Global capital flows have indeed transformed the American economy, and other Western economies as well. But where do these capital flows come from? Watching the American debate over the economy has been dispiriting because even with the addition of the recent L ...
Showing 4901 - 4950 of 4994 – Newest on Top

loading