Investors are still bullish. The press is bullish. Warren Buffett is bullish. What are the odds that all this bullishness will pay off?

What’s wrong with the world’s financial system? How come so many economies – the US in particular – are in such a funk? And what or who is to blame?

There always comes a moment of awful recognition, when lenders realize they've been idiots -- when they see that they won’t get their money back.

The real problem is debt. It’s been building up for more than half a century – thanks to encouragement from the same officialdom in whose hands the problem now rests.

It doesn't look like 2008 to Bill Bonner. And stocks don't look like bargains.

Is Bill Bonner writing about gold again?

The feds paid trillions to bail out the automakers and the big banks. Since both industries now rely on the government for bailouts both are happy to go along with the politicians, no matter how absurd their plans.

Day by day the debt grows larger.  And day by day, the moment of truth grows closer.

The latest news shows the US economy is practically dead in the water.

A quarter of the people asked by Gallup pollsters said they thought the economy really is in a depression.