No return to normal. No recovery. No inflation.

China has become a nation of entrepreneurs and risk takers. It resembles the US in the 1920's -- before the country was taken over by corporate managers and political mandarins. China is a good place to make money.

China is in trouble. The market has been spooked by the government's efforts to restrain real estate speculation. The Chinese have a lot of money. And Chinese investors have relatively few places to put it.

If you add to the US national debt the debts of Fannie Mae, GM, and all the other financial holes, which the government will ultimately have to fill, the crater is about 120% of GDP -- the same as Greece’s debt.

Rescues sometimes have happy endings. Households, companies, and even governments with enough self-discipline and some luck can sometimes be pulled back from the brink. But they must be at the brink, not beyond it.

Is it because the gold market is anticipating a blow-up in the world’s monetary system?

One day the world is convinced that the central bankers and financial meddlers of Europe have the secret to success. The next day, they change their minds.

Europeans live well. And thanks to so many transfer payments and so many government-provided services, they live well without really having much money to spend. Their incomes go to pay taxes and social charges. Trouble is, they enjoy a standard of living that they can’t really afford.

Why does Bill Bonner think there's a bear market in stocks?

What are the Greek protestors so irritated about?