Sometimes the best trade is the one you never take.

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.

Despite widespread belief inside the Beltway that the U.S. economy is on the mend, reality is that it's going to be a long time before U.S. markets return to normal if there is such a thing anymore.

Does Twitter help gauge the emotion of the market?

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

The term "new normal" usually references a general shift in accepted expectations for an economy. However, we can apply this to currencies as well.