Money Morning Archive September 2009

A lot of people, including me, have been waiting a long time for the next move down in sterling. We know it’s coming, we’re just not sure when.

Shortly before New Year’s Eve in 1989, Japan’s Nikkei 225 stock market index hit a high of almost 39,000 points.

here will be a V-shaped recovery. Everything is headed back to normal. At least, that’s what you’d believe if you just look at the way stocks have surged.

Of all the many miseries that man faces on his journey from cradle to grave, few of them can be eased by enlightened central banking. And a credit contraction is not one of them. Japan proved it. After the Japanese market collapsed in 1990, public officials went to work with their characteristic energy and incompetence.

Well – earlier this week the International Monetary Fund (IMF) published a report titled Selected Issues for the South African Economy. In this report, the IMF assessed government’s monetary and fiscal policy decisions (the actions) with the economic consequences (reactions) through the financial crisis.

Ben Bernanke has saved the world from a Second Great Depression - or has he? In the essay below, Bill Bonner argues that Bernanke does what his predecessors at the Fed did in the '30s...and what the Japanese did in the '90s. Read on...

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