Feature Article

Currency Wars

The currency wars are heating up. On Wednesday, Federal Reserve boss Ben Bernanke promised speculators he would keep interest rates low until 2014: ‘To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy…

Greg Canavan | January 27th, 2012 | Continued

Feature Article

Sit Tight With The Bull Market: An Investing Lesson From The Great Bear of Wall Street

The book, Reminiscences of a Stock Operator by Edwin Lefèvre immortalised Jesse Livermore’s exploits. I have never read it so I can’t be sure the following quote is even from that book. But wherever it comes from, it might be the most wise advice you’ll ever read about how to handle a bull market.

Greg Canavan | January 26th, 2012 | Continued

Feature Article

Australia’s Place in the World of Debt – An Each-Way Bet On The 21st Century

Australian government debt (Federal) crossed the $200 billion barrier last year. In a few short years, then, the government has gone from a modest $20 billion surplus to a $200 billion debt. That debt is still small as percentage of GDP compared to the US, Japan, and the UK. But it’s a lot larger than it was a few years ago…and once these things get rolling, they have a way of building momentum.

Dan Denning | January 25th, 2012 | Continued

Feature Article

The Link Between Japan’s Economy and Australia

Japan’s economy posted its first trade deficit since 1980. This is a country whose entire economic model has been based on exporting manufactured goods to the rest of the world. But for 2011, the Japanese ran a trade deficit of $2.6 billion.

Dan Denning | January 25th, 2012 | Continued

Feature Article

The Downside of a Strong Australian Dollar in the New Brand of Capitalism

The strong Australian dollar makes some export industries chronically uncompetitive. Not only does this make them bad investments, it damages their ability to remain a going concern.

Dan Denning | January 24th, 2012 | Continued

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The Daily Reckoning offers an independent and critical perspective on the Australian and global investment markets. We do not propose to tell you what the news is. You can find that out anywhere for free. Instead, we try and tell you what news is worth paying attention to and what it might mean for your [...]