The central banks are injecting the markets with a liquid-based facelift -- making sure the bubble gets enough air.

Everyone is confident, because we are all true believers in the Theology of Capitalism. But just in case this capitalism thing doesn’t work out, the Bank of Japan, the Bank of Canada, the European Central Bank and the Fed all joined to say that they would put some additional liquidity into the system.

The boom in the West is a phony boom.

Bill Bonner suspects that the real bloodletting is still ahead, when hundreds of billions in adjustable rate mortgages are reset, when speculators find out what is in their derivative positions, when investors turn fearful, and when consumers finally begin to live within their means.

How big will the real estate problem be?

The U.S. has neglected capital investment…and the manufacturing sector generally for a quarter century. How will it now export its way out of a recession?

Americans are losing nourishment from the subprime pinch.

Bill Bonner believes you never get what you hope to get, nor even what you expect to get. You get what you deserve.

In the short run, the stock market is a “voting machine.” And the voters can do any fool thing they want.  In the long run, though, it’s a “weighing machine.” Eventually, it puts companies on the scales, and finds out what they are really worth.