| 12/31/2003 - A BULLISH MIRAGE |
| By Kurt Richebächer "For us the greatest uncertainties are about the U.S. economy, its financial system and its currency. The great issue not only for America but also for the global economy is whether the U.S. economy has definitely reached..." |
 |
| 12/30/2003 - THE GRAND ILLUSION |
| By Sean Corrigan "...The tenuous 'benefits' of inflationist policy in the U.S. are illusionary at best. They will almost certainly falter should the Fed step down its monetary efforts..." |
|
| 12/29/2003 - COST FREE |
| By The Mogambo Guru "...'Seignorage is the difference between the value of money and the cost of its production,' writes Dan Neel in the NY Press. But looked at another way, seignorage is also a shining example of glorious government..." |
|
| 12/26/2003 - A CHRISTMAS LETTER |
| By Bill Bonner "...We enjoyed a very quiet, and unseasonably warm, Christmas here in Poitou. The festivities began with a party...The purpose of [which] was to sing Christmas carols in English." |
|
| 12/25/2003 - THE GHOST OF CHRISTMAS FUTURE |
| By Bill Bonner "...The [ghost of Christmas Yet to Come] conducted [Ebenezer] beyond a full, bright moon...to where the moon shone no more. It was as if a tide of night had washed the stars out of the sky." |
|
| 12/24/2003 - THE GHOST OF CHRISTMAS PRESENT |
| By Bill Bonner "...Ebenezer looked in the window. It was a very modest house, of the sort you could have bought with a few shares of Cisco in 1999. Now it would take twice as many shares." |
|
| 12/23/2003 - THE GHOST OF CHRISTMAS PAST |
| By Bill Bonner "...That evening, Ebenezer slept poorly. After finally achieving the sleep he longed for, his rest was suddenly interrupted by the sound of ringing bells. Yes, bells." |
|
| 12/22/2003 - THE SUNNY OPTIMISM OF YOUTH |
| By The Mogambo Guru "...Every single indicator of inflation is rising, and HAS been rising, and yet the Fed is still holding interest rates to absurd lows! As I write, the Reuters CRB Index has risen 11 percent this year." |
|
| 12/19/2003 - FANTASIES |
| By Bill Bonner "...The American consumer not only keeps pace with the absurdity; he races ahead, as if he wanted to be first in line at bankruptcy court. Not since the Enlightenment have people been ready to concede..." |
|
| 12/18/2003 - LAHARS |
| By Dan Ferris "...Money...health...only if you're really lucky do you lose these things gradually and in small increments, over long periods of time. Being really smart helps, but is not required." |
|
| 12/17/2003 - PIGS GET SLAUGHTERED, PART DEUX |
| By Bill Bonner "...It is the fat pig that feels the butcher's knife, say the Chinese. On March 20th of 2000, few pigs were fatter than Michael Saylor. And perhaps none felt the butcher's knife more sharply." |
|
| 12/16/2003 - PIGS GET SLAUGHTERED |
| By Bill Bonner "...Mr. Deshais had sawed through the pig's skull. The brain cavity opened like the halves of a walnut, revealing an organ not much larger than a potato...But maybe I should back up and explain the entire process to you." |
|
| 12/15/2003 - MONEY OUT OF THIN AIR |
| By The Mogambo Guru "...The Fed increased raw, fungible credit by $5.8 billion. In one week! And, I might add, to a new record, another new all-time new high, never before seen since the inception of the entire Federal Reserve System!" |
|
| 12/14/2003 - BEAR HUNTING IS BACK! - DR WEEKEND EDITION |
| By Addison Wiggin and Eric Fry "...Over on Wall Street, bear hunting never goes out of season, no matter how small the bear population becomes. Indeed, on Wall Street, the object is not merely to eradicate the bears, but to inflict as much..." |
|
| 12/11/2003 - THE RAPE OF NANKING |
| By Bill Bonner "...[The Rape of Nanking] provides evidence against those who believe in the perfectibility of man. Beginning in December 1937...only 65 years ago...the world was reminded of what evil was all about." |
|
| 12/11/2003 - JAPANESE PHANTOM GROWTH |
| By Kurt Richebacher How to reconcile [the Bank of Japan's] dismal description of the economic situation with the officially reported stellar real GDP growth rate of 3.9% for the second quarter?" |
|
| 12/10/2003 - THE FIVE YEARS 'TIL TRAGEDY RULE |
| By Steve Sjuggerud "...After a major stock market peak, there are five years until tragedy...five years until a dollar crisis - and soaring commodity prices. Five years after the stock market peak in 1857..." |
|
| 12/09/2003 - GREAT EXPECTATIONS |
| By Bill Bonner "...Modern economists no longer believe in 'ought'. They don't appreciate her moral tone and try to ignore her. The whole method of modern economics [has] shifted from exploring what a man ought to do...to statistical analysis." |
|
| 12/08/2003 - WEEP FOR AMERICA |
| By The Mogambo Guru "...I think that a 30% devaluation in the purchasing power of the dollar is entirely achievable, if that is the term that one uses to describe such a catastrophe, and I have a hard time conceiving that all foreigners..." |
|
| 12/07/2003 - STRAYING FROM THE RECOVERY SCRIPT - DR WEEKEND EDITION |
| By Addison Wiggin and Eric Fry "...Since Mr. Economy is ad-libbing, Mr. Market has no choice but to rewrite the script... So he ditches the scene where millions of adoring investors carry him aloft through the NASDAQ 2000 and Dow 10,000." |
|
| 12/05/2003 - THE MADNESS OF GEORGE II |
| By Bill Bonner "...The madness of George II, reigning president of the American government, is that he believes he can do what has never been done. Our worry is not that George II will be proved wrong..." |
|
| 12/04/2003 - THE GOLDEN MEGATREND |
| By Mary Anne & Pamela Aden "...Gold has been in a solid bull market since reaching its lows in 2001, almost three years ago. Now, it hovers over $400 an ounce - a seven-year high in U.S. dollar terms..." |
|
| 12/03/2003 - THE RECESSION-THAT-WASN'T |
| By Bill Bonner "...Recessions typically correct attitudes and asset prices - and repair balance sheets. Debts are written off or paid down while savings rates mount. But none of that happened [in 2001]." |
|
| 12/02/2003 - THE ERA OF FICTITIOUS CAPITALISM |
| By Addison Wiggin "...In 1971, when Nixon closed the gold window, the Bretton Woods system collapsed, and the dollar - the last major currency to be tethered to gold - came unstuck." |
|
| 12/01/2003 - UNCOMPREHENDING DISBELIEF |
| By The Mogambo Guru "...Every living being in the nation is being plunged into more debt at an annual rate of $7,057. And a nice chunk of the money, which bought all that new debt, came from foreigners with deposits at the Fed." |
|
| 11/29/2003 - FLIGHT OF FANCY |
| By Addison Wiggin and Eric Fry "... Ben Bernanke has gotten his wish. The government has successfully generated 'higher spending and hence positive inflation'…and gold investors are grateful." |
|
| 11/28/2003 - SINOSITIS |
| By Bill Bonner “...There are two major ways to compete in the business world, price or quality. China has an almost inexhaustible supply of cheap labor. With adequate capital funding...and access to global markets..." |
|
| 11/27/2003 - THANKSGIVING |
| By Bill Bonner "...Thanksgiving was declared a national holiday in 1931. Through the Depression, and then WWII, Thanksgiving grew in importance. In a country where roots meant almost nothing, where people were ready to pick up and move..." |
|
| 11/26/2003 - THE PERPETUAL CHINESE BUBBLE MACHINE |
| By Lynn Carpenter "...China is the biggest opportunity we investors have ever seen. (I trust none of us is over 150 years old.) The last one that was this big and as likely to stay at the top for a long time was a young country called America." |
|
| 11/25/2003 - MARGIN OF SAFETY |
| By James Boric "...Graham, Buffett and Templeton were all successful because they refused to pay market value for a stock. And that meant they ignored the herd when it came to the hot stock tip du jour." |
|
| 11/24/2003 - ONE BIG UGLY THING |
| By The Mogambo Guru "...All the extra money and credit flooding the U.S. will keep working its way into prices, because that is where the money always goes, as has been proved by unanimous historical precedent." |
|
| 11/21/2003 - FROM FUNERAL TO FUNERAL |
| By Bill Bonner "...Reason never was primal. Not even secondary. It is rarely more than a rationalization for what people want to do anyway. Still, when the Federal Reserve.." |
|
| 11/20/2003 - LET THE REVOLUTION BEGIN |
| By John Myers "...There are two things, really, that are pushing commodities to all-time highs. In fact, I call this a double-barreled bull market...and it has only just begun. The first barrel is one readers of the Daily Reckoning will be well..." |
|
| 11/19/2003 - A LONG DAY'S JOURNEY INTO RETIREMENT NIGHT |
| By Bill Bonner "...All over the Western world, more and more people are getting older and older. So, we wonder, what happens when whole populations get old? We look to Japan for an answer...and don't like what we see." |
|
| 11/18/2003 - CRISIS BEGETS CRISIS |
| By Christopher Mayer "...The history of attempting to maintain certain fixed exchange rates by international agreement has a long, rich history of failure, once again illustrating that government power is no match for the relentless..." |
|
| 11/17/2003 - MOSEY TO THE HILLS |
| By The Mogambo Guru "...It used to be that little boys and girls got toys, or candy, or a piece of coal in their Christmas stocking that was so carefully hung by the chimney with care. Now we get a toys and an IOU from Santa Claus..." |
|
| 11/15/2003 - STATISTICAL ADONIS, REAL-WORLD ELEPHANT MAN |
| By Addison Wiggin and Eric Fry "...Trying to pinpoint the exact causes of the dollar's weakness is like trying to pinpoint the exact causes of President Bush's declining popularity – there is no single reason." |
|
| 11/14/2003 - BEYOND NIETZSCHE |
| By Bill Bonner "... Nietzsche identified two different kinds of knowledge. There are the things you know from personal experience and observation, which he called 'erfahrung.'" |
|
| 11/13/2003 - THE PSYCHOLOGY OF CREDIT AND DEBT |
| By Wendy Raffel and Robert Folsom "...We are a nation of consumers who live beyond our means. Our consumption exceeds what we can afford...hence the overuse of credit, and the debt extremes that come with it." |
|
| 11/12/2003 - TOO MANY TREASURE HUNTERS |
| By Marc Faber "...Shares do not always go up in the long run. The reality is that most companies go out of business in the long term, and investors must continuously look for new companies, regions, sectors, and asset classes within..." |
|
| 11/11/2003 - ARMISTICE DAY |
| By Bill Bonner "...Over the four years of the first World War, one by one, the people back at home got the news...the telegrams...the letters. The church bells rang. The black cloth came out. And for years after...at 11 A.M., the bells tolled..." |
|
| 11/10/2003 - UNCONVENTIONAL METHODS |
| By The Mogambo Guru "...In case you are wondering, the gigantic increase in GDP was the result of morons, like you and me, but not you and me, and not nearly as good looking as us, well, you anyway, borrowing money..." |
|
| 11/08/2003 - FINANCIAL HERESY |
| By Addison Wiggin and Eric Fry "...Our age in finance is an age of heresy," says Jim Grant, editor of Grant's Interest Rate Observer. "Budgets go unbalanced, currencies go un-collateralized, current-account deficits go uncorrected..." |
|
| 11/07/2003 - PRACTICING RANDOM ACTS OF INSANITY |
| By Bill Bonner “...At the Daily Reckoning...we like old things. Old buildings. Old ideas. Old trees. Old rules. Old investors. The older the investor, the more confidence we have in him. He's seen good times and bad times..." |
|
| 11/06/2003 - THE EMPEROR HAS NO CLOTHES |
| By Kurt Richebächer “...While a few economists have been warning that this recovery's actual pace may disappoint, our own view is that the U.S. economy's higher growth rate in the second quarter was totally deceptive." |
|
| 11/05/2003 - LAST MAN STANDING |
| By Bill Bonner “...We have come to believe that Alan Greenspan is one of the last of the New Era heroes. As long as he still stands, we think, the delusion of greater wealth through greater borrowing stands, too." |
|
| 11/04/2003 - DEEP IN DEBT, CAUGHT IN A NET |
| By Hans Sennholz "...Private debtors may find it difficult to pay for bread that has been eaten. It is likely to become ever more difficult in the future as the cost of debt is likely to double and triple." |
|
| 11/03/2003 - LITANY OF WOE |
| By The Mogambo Guru “...The poor and the old and the disabled and all those static-income people get the old baseball-bat-upside-the-head treatment, or in this case let-them-starve-to-death treatment, when it comes to inflation." |
|
| 11/01/2003 - RUSSELL SAYS - GOLD TO REACH $556 |
| By Addison Wiggin and Eric Fry "...But look at the picture in the gold market," Russell urged the audience. "The picture is a mirror image of the stock market. The 20-month moving average of the gold price is crossing UP through the 40-month..." |
|
| 10/31/2003 - ALL SAINTS' DAY |
| By Bill Bonner "...We celebrate the First Amendment now; we do not practice it. Likewise, America celebrates liberty. It is like Halloween...an empty expression...a hollow festival...something to feel good about." |
|
| 10/30/2003 - THE TRAGIC DEATH OF CURTIS MOBERLY |
| by Dan Ferris "...I remember what the Christian brothers called us as high school sophomores: wise fools. That's what investors are today, and what Curtis Moberly was - may he rest in peace." |
|
| 10/29/2003 - THE TROUBLE WITH THE WHOLE WORLD |
| By Bill Bonner "...Digital Man is stumped. To him, everything works by simple cause and effect logic. When the cost of borrowing goes down, the demand should increase." |
|
| 10/28/2003 - CLAMOR FOR A CURE |
| By Sean Corrigan "...In a truly free market, where business concerns are free to compete, replace, and improve each other, profits made by the foresighted and fortunate will, on balance, outweigh the losses made by the foolish and foredoomed." |
|
| 10/25/2003 - UNDER THE ECONOMIC SUN |
| By The Mogambo Guru "...The big problem with economics is that there has been nothing new under the economic sun for thousands of years. There has always been government, and taxes, and buying and selling, and borrowing and lending..." |
|
| 10/25/2003 - THE PARTY IS RUNNING OUT OF HORS D'OEVRES |
| By Addison Wiggin and Eric Fry "...Let's take a quick tour of the latest investors sentiment readings. The four most widely followed gauges of investor sentiment -- Bullish Consensus, AAII, Investor's Intelligence and Marketvane..." |
|
| 10/24/2003 - TYRANNY OF THE HERE AND NOW |
| By Bill Bonner "...Many are the times we have railed against this injustice. That is the problem with democracy and popular markets, we have pointed out; only the living get to express an opinion." |
|
| 10/23/2003 - CONVERGENCE UNDER THE BED SPREAD |
| By Dan Denning "...To get it, I established a spread between emerging market debt and U.S. government debt. If I'm right about the U.S. bond market losing its gold-standard reputation, the spread should converge over time." |
|
| 10/22/2003 - DECLINE OF THE OLD ORDER |
| By William Rees-Mogg "...Early in the 20th century there was much fashionable concern in Europe about the decline of the West. Many observers thought that the European lead in 19th century manufacturing would prove to have been..." |
|
| 10/21/2003 - COMMODITIES V. THE DOW |
| By John Myers "...It is a similar story for the adjusted monetary base, or the super money that the Fed lends to banks, who in turn lend it out in multiples. The surplus cash key component of the adjusted monetary base is rising at an even..." |
|
| 10/20/2003 - MOGAMBO MONDAY |
| By The Mogambo Guru "...And in case you are at a loss to understand why the sirens in the Mogambo Bunker are blaring, why the klaxons are sounding, why all the bells are ringing, or why I have maps showing emergency routes out of town..." |
|
| 10/18/2003 - MOPING MARKET |
| By Addison Wiggin and Eric Fry "...He moped around all day long yesterday, despondent over the Boston baseball team's heartbreaking loss to the indomitable New York Yankees. The hard-luck Sox have been disappointing their fans..." |
|
| 10/17/2003 - BAT MEAT |
| By Bill Bonner "...Nationwide, houses have been going up in price at about the same rate as increases in the money supply...that is, about 8% per year. In certain areas, the increases have been far more resplendent..." |
|
| 10/16/2003 - DYNAMIC MARKET THEORY |
| By J. Christoph Amberger "...Point is, all that money didn't just 'vaporize,' as the perennial bears like to claim. A lot of it simply moved. Now money is flowing back into stocks again..." |
|
| 10/15/2003 - LESSONS OF HISTORY, PART II |
| By Marc Faber "...for today's investor, however, the most interesting effect of excess liquidity creation is perhaps found in commodity prices. In the future, just as during the Mississippi Scheme..." |
|
| 10/14/2003 - LESSONS OF HISTORY, PART I |
| By Marc Faber "...'The Great Swindle' is an excellent account of the events that surrounded the South Sea Bubble and the Mississippi Scheme. Although over the following 300 or so years the stage of investment manias repeatedly changed..." |
|
| 10/13/2003 - THE OTHER FEDERAL BUDGET |
| By The Mogambo Guru "...Wayne Crews, the director of technology policy at the Cato Institute, argues with unstoppable, iron logic, striding like a Colossus across the intellectual landscape..." |
|
| 10/12/2003 - BULLS' REIGN & THE SCHOOL OF OUGHT |
| By Addison Wiggin and Eric Fry "...Modern economists no longer believe in 'ought.' They do not appreciate her moral tone.to them, the economy is a giant machine with no soul, no heart . no right and no wrong. It is just a matter of finding the..." |
|
| 10/09/2003 - PRODUCTIVE DESTRUCTION |
| By Jim Davidson "...Seen in the light of economic logic, the politician who could accelerate productivity growth and make more jobs redundant would be doing the most to raise living standards for his constituents." |
|
| 10/08/2003 - FAT TAILS |
| By Bill Bonner "...Things that are extremely out-of-whack eventually work their way back into whack. But then they diverge again and the tails fatten. Sometimes prices diverge from the mean." |
|
| 10/07/2003 - THE SCARIEST SCENARIO IMAGINABLE |
| By Steve Sjuggerud "...While the 'smart money' sells tech stocks in record amounts...the 'dumb money' is taking on debt to buy these stocks on margin. By my studies, the 'dumb money' is at an extreme of optimism not seen..." |
|
| 10/06/2003 - YOU PAY, WE PROVIDE |
| By The Mogambo Guru "...Earth to Mr. Stiglitz! Yes, the President, the Secretary of the Treasury, and especially the Fed Chairman CAN be blamed for the bubble mania, and I, the Mighty Mogambo, blame them with every fiber of my being..." |
|
| 10/04/2003 - POOR RICHARD DEFIED |
| By Eric Fry "...Despite the extreme volatility rocking the financial markets, gold struggled all week and then seemed to collapse in an exhausted heap on Friday afternoon. The yellow metal cratered as much as $16 on Friday..." |
|
| 10/03/2003 - POOR HOUSE, PART I |
| By Bill Bonner "...Many are the reasons given why real estate prices must continue to rise. On the other hand, we immediately see one reason why they might all be wrong: everyone believes them. As they say on Wall Street..." |
|
| 10/02/2003 - MYANMAR EXAMINED |
| By Jim Rogers "...Various armed separatist movements have dominated [Myanmar's] politics over the last four decades. Nevertheless, in the '90s, Myanmar slowly began to reopen its borders to both people and capital..." |
|
| 10/01/2003 - THE GILDERED AGE |
| By Bill Bonner "...It doesn't seem real. It doesn't seem right. 'Most of us know,' writes Malone, 'intuitively, that these young web companies minted by the hour will not survive and prosper." |
|
| 10/01/2003 - POOR HOUSE II |
| By Bill Bonner "...Last week, we established an important point: that the house itself - the physical thing - couldn't possibly increase in value. All its components deteriorate, depreciate, fade and decay - just like everything else." |
|
| 09/30/2003 - THE MYSTERY OF WYNDCLYFFE |
| By Addison Wiggin "...The Fed and Treasury have lost their way altogether. Gone are the days when self reliance meant busting your gut to build a house, a factory...or even a fine piece of furniture." |
|
| 09/29/2003 - THE FED'S FREE LUNCH PROGRAM |
| By The Mogambo Guru "...Bernanke says that he will be happy to achieve monetary policy objectives by unconventional means, and nobody gets all shook up, except me. So I figure that we bedeviled savers out here ought to emulate..." |
|
| 09/27/2003 - THE SEPTEMBER JINX |
| By Addison Wiggin and Eric Fry "...The dollar as a "store of value" is anathema to the shamans at the Fed. Rather, for the sake of the economy, the Fed seems to desire that each crisp new dollar bill begin losing its value the moment..." |
|
| 09/26/2003 - HURT |
| By Bill Bonner "...When the Grim Reaper comes around for a politician of consequence...a Roosevelt or a Lincoln, for instance...apologists make a great effort to turn him into a kind of plastic archangel." |
|
| 09/25/2003 - THE NEXT EMPIRE |
| By James Boxley Cooke "...Even with the current global economic slowdown, China is still likely to grow at more than 7% a year. That's a huge number for an economy this size. And it represents huge potential profits for us as investors." |
|
| 09/24/2003 - EMPLOYMENT DISASTER |
| By Kurt Richebächer "There has been much talk to the effect that America has just had its slightest recession in the whole postwar period. That is measured in real GDP growth, being bolstered by many statistical tricks." |
|
| 09/23/2003 - NEPAL |
| By Marc Faber "...[Would] Asian stock markets...suffer should the U.S. stock market experience a serious correction or a crash in the next few months? This question prompted me to look at some very simple economic, financial, and social..." |
|
| 09/22/2003 - TRADE POLICIES OF THE CAVEMEN |
| By The Mogambo Guru "...Just as Michael Boskin showed the government how to lie with statistics about inflation - as if the government ever needed any help with lying, since they seem to cleave to it so naturally..." |
|
| 09/21/2003 - AN UNCOMFORTABLE FEELING |
| By Addison Wiggin and Eric Fry "The Dow Jones Industrial Average gained 173 points for the week to 9,471, while the Nasdaq jumped 2.7% to 1,855. The bond market also enjoyed steady buying interest..." |
|
| 09/19/2003 - AS WE GO MARCHING |
| By Bill Bonner "...The romantic appeal of war...and the political pull of military spending...the economic delusion...the polished brass and boots...it was all too much to resist. Despite a disastrous experience in WWI, under Mussolini's..." |
|
| 09/18/2003 - ACCIDENTAL IMMIGRANTS |
| By Bill Bonner "...My thoughts drifted to experiences of the last 6 years - since we moved to France...and how, little by little, without ever really thinking about it, we became something we never intended." |
|
| 09/17/2003 - HOMELAND |
| By Doug Casey "...I'm favorably inclined towards real estate as an investment class. But as a means of growing wealth, the party is over, for now at least. The way I see it, there are two ways to play real estate." |
|
| 09/16/2003 - PACIFIC SYMBIOSIS |
| By Brian Durrant "...The Cold War is over and Europe's economic star is in decline. According to the latest IMF forecasts, the U.S. is expected to grow by 2.4% this year, Japan by 2.0%, Britain by 1.7% and the eurozone by a measly 0.5%." |
|
| 09/15/2003 - THE RISE OF THE DEMOPUBLICAN |
| By The Mogambo Guru "...Raising taxes will, as I said, reduce somebody's income, but it will also increase somebody else's income, namely the recipient of the taxes when the money is spent as part of some government program." |
|
| 09/13/2003 - WHAT DOES THE GOLD MARKET KNOW? |
| By Addison Wiggin and Eric Fry "...as long as the stock market is rising, the lumpeninvestoriat will trust that all is well and hope that all will soon be better still. They will believe that economic conditions are improving and that stocks..." |
|
| 09/12/2003 - FLIGHT TO IMBECILITY |
| By Bill Bonner "...In a crisis, investors fly to safety; all of a sudden, their attention shifts from return ON investment to return OF investment. But what about today's investor?" |
|
| 09/11/2003 - (UN)CONSTRAINED DISCRETION |
| By John Mauldin "...Establishing a 'reasonable' set of policies, such as Paul McCulley suggests, would mean the Fed may to all too soon feel forced to abandon them in order to deal with the potential crisis resulting from today's imbalances." |
|
| 09/10/2003 - END OF DAYS |
| By John Myers "...The problem for dollar holders who are wary of the greenback's falling purchasing power is where to go. With the exception of the Swiss franc, few currencies offer a greater long-term purchasing guarantee than the dollar." |
|
| 09/09/2003 - PONZI ECONOMY |
| By Kurt Richebächer "...This simple recognition — gross lack of saving and capital formation — is really at the root of our controversial and highly critical view of the U.S. economy’s sanity and vitality." |
|
| 09/08/2003 - FED BANKERS AT THE J-HOLE |
| By the Mogambo Guru "...So there you have it in a nutshell. There are no criteria that you can use to criticize the Fed's actions, and we have to rely on Greenspan's personal judgment." |
|
| 09/05/2003 - SINO BUBBLE |
| By Bill Bonner "...We do not really believe the Chinese numbers. Instead, we take them all like dabs of paint on a Seurat or Pissarro painting. No number is reliable in itself, but stepping back, we're able to get an impression of something..." |
|
| 09/04/2003 - A GENTLEMAN'S BET |
| By James Boric "...Despite the doom and gloom, I suggested last September, based on historical precedent, it was time to invest in fundamentally sound small-cap stocks. Why?" |
|
| 09/04/2003 - W'S LATEST BARNEY |
| By Sean Corrigan "...There is nothing more inimical to economic recovery – as well as to personal liberty – than the doctrine encapsulated by Bush in the words: 'We have a responsibility that when somebody hurts, government has got to move.'" |
|
| 09/02/2003 - HOUSING'S LAST HURRAH? |
| By Steve Sjuggerud "...Nationwide, home prices increased by 7.4%, a large increase by historical standards – but home prices in nearly a third of the metropolitan areas in the country posted extraordinary double-digit gains." |
|
|
|
|
