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The Daily Reckoning Australia (156 Links)
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296 days ago in
Finance
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An independent perspective on the global investment markets. This channel is automatically updated!
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The Investor in Indian Bonds has Ben Bernanke on His Side
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Still on the road to moksha... Prices are rising in India - pushed up by the high cost of food. Thanks partly to a disastrous government policy of encouraging the over-use of chemical fertilizer, food prices are shooting up. In a poor country, food is
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Martin Armstrong Suggests the Sovereign Debt Crisis in Europe Will Lead to Rising Interest Rates
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dailyreckoning.com.au
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Gold, oil, stocks...you name it. Pretty much everything was down on Friday in the States and the Dow broke its eight-day winning streak (still on light volume). Do you wonder how the market will react if the U.S. House of Representatives passes the Senate
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Defiance at the Fed
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4 hours 40 minutes ago
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dailyreckoning.com.au
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Defiance at the Fed James Dunigan of PNC Wealth Management sums up market sentiment for the week: "The recovery is in place and by all evidence looks to be sustainable and at the end of the rainbow, that all filters down to corporate
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Is Your Money What You Think It Is?
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5 hours 10 minutes ago
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dailyreckoning.com.au
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James (Senior Editor, Casey Research): Doug, last time we spoke, you said quite a bit about debt, in the context of your expectation that the euro is on its way out. At the end of that conversation, you mentioned, of course, that the problem is not
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Feds Think They Can Improve the Economy by Buying Things Nobody Wants
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5 hours 25 minutes ago
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In the US, producer prices fell in February, more than expected. Core inflation was barely positive. That is not just a US trend. In Europe, price increases have fallen to the lowest level in 11 years. Japan is experiencing the biggest price drops in many
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Reality Sovereign Debt Finance Theatre
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2 days ago
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dailyreckoning.com.au
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"Happy families are all alike," wrote Leo Tolstoy in Anna Karenina, "every unhappy family is unhappy in its own way." Today's Daily Reckoning looks at the unhappy family of nations in Europe and their coming family feud. Each is
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Pigs at the Trough
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3 days ago
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Reading the mainstream papers or watching the business news, one could be forgiven for thinking Australia has completely sidestepped the continued global depression, with our miracle economy continuing to perform divine acts. But while residential
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Government is Still Misleading and Economists are Still Mis-interpreting
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3 days ago
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Financial Times: US Household Debt Falls for First Time Since WWII Yes, dear reader, we have been a voice howling in the wilderness. First the wilderness around the Café des Dames in Paris's 19th arrondissement...recently the wilderness of
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China’s Economy is the Greatest Bubble on Earth
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3 days ago
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Australia didn't miss out on the first part of the Global Financial Crisis and it's not going to miss out on the second part. The second part is coming. And it could be worse than the first. That, in a nutshell, is the message of today's Daily
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The Great Correction: Awaiting Bailouts that Will Never Come
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4 days ago
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We're going to rename our theory. This is more than a depression; it's more than a financial and economic phenomenon. It includes a shift of power...a return to normal after 4 centuries of aberration...and the failure of a whole line of Nobel
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America, An Empire You Can Trust?
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4 days ago
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This must be some kind of golden age for government. In the US, the feds have seized major stakes in banking, autos, insurance and mortgage finance industries. The Chinese are paying for their enterprises. They already own footholds in some of the most
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Federal Reserve to Withdraw its Support of U.S. Mortgage Market?
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4 days ago
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dailyreckoning.com.au
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In today's Daily Reckoning we'll look at why the current placid market conditions are the calm before another credit storm. At issue is whether the Federal Reserve really intends to withdraw its support of the U.S. mortgage market. At stake is what
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Inflation or Deflation?
Posted by
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5 days ago
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dailyreckoning.com.au
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The question of whether we are headed into an inflationary or deflationary environment is probably one of the most important, complex and difficult questions to answer right now. For investors, getting this call right or at least thinking about the
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Who Can Blame Consumers for Being More Ready to Spend Money?
Posted by
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5 days ago
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dailyreckoning.com.au
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Beware the Ides of March...and the rest of the year too! This is the day Caesar was assassinated. What's it to us? Well, it just reminds us that things go wrong. Even when you're on top of the world. There are always countercurrents...undercurrents,
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China’s Currency Manipulation is a Form of Economic Stimulus
Posted by
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5 days ago
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dailyreckoning.com.au
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Yesterday we left off with the question of what happens to Australian stocks when the Fed ends its Quantitative Easing program later this month. It's probably not that hard to figure out, once you think about it. The Fed has pumped over a trillion dollars
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Bankers Found Ways to Hide Debt
Posted by
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6 days ago
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dailyreckoning.com.au
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"Masked youths...attacked the head of Greece's largest trade union, who was addressing the crowd, and hurled stones at the police. GSEE union boss Yiannis Panagopoulos traded blows with the rioters before being whisked away, bloodied and with torn
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India Can Grow for Many Years
Posted by
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7 days ago
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dailyreckoning.com.au
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The air is so hot and humid, here in Mumbai, you can boil an egg in it. Last night, we ventured out of the hotel for an authentic Mumbai experience. We went out the front door, around the corner, and a half block down the street to a restaurant called
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As Supply of US Debt Goes Up, Quality of Dollars Declines
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7 days ago
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There was a time...not so very long ago...when Americans held all the top spots. We had the most...the best...the biggest companies. And the richest people. Those days are gone... MEXICO CITY (AP) - Mexican telecom tycoon Carlos Slim is the first
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China Buys its Own Gold
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7 days ago
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dailyreckoning.com.au
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Well Friday was a snoozer in New York. Markets didn't make new highs. But they didn't crash either. The S&P 500 remains near a 17-month high. And by most accounts, everything is fine in Greece, everything is fine in China, and the whole world is
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PIGS and the Smell of Bacon
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7 days ago
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dailyreckoning.com.au
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Bacon, Bacon, Bacon... The bacon reference has been claimed. Marius Gustavson has written a brilliant article on the sovereign debt crisis facing the world. From The Market Oracle: Smells Like Bacon "The Greek debt crisis has led many
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