Many people think the feds have done it.  By aggressively cutting rates and pushing money out to the banks, they've turned it around.  But what does it mean, anyway?

Bill Bonner discusses the real problem with the inflation/deflation battle.

Everyone says he saw the bottom in the U.S. stock market in January, and the bottom in the financials when Bear Stearns owners panicked and agreed to sell the firm for $2 a share.

Want a sure bet?  Bet on deleveraging.

In the real Great Depression of the ’30s, thousands of U.S. banks failed. How many have failed recently?

The Fed's primary mission is to protect the nation’s money and credit?

Commentators, pundits, and policymakers are thinking about how to fix problems in the capital markets. Most of them couldn't fix a flat tire writes Bill Bonner.

Now credit is becoming scarce and busted is becoming plentiful.  At least, that is what Bill Bonner expects.

If there is a substantial downturn in the United States, we’d expect a downturn almost everywhere. The United States sneezes, as the saying goes, and the rest of the world gets a cold. But Bill Bonner is beginning to think that this time it might be the other way around.

The price of gold bounced up $16 yesterday, to close at $935. Have we seen the bottom of this correction? Is this the moment to buy? Is this the last opportunity we will have to buy gold under $1,000 in our lifetimes?