Archive for Dan Denning

Dan Denning is the author of 2005's best-selling The Bull Hunter (John Wiley & Sons). He began his financial publishing career in 1997 and has covered financial markets form Baltimore, Paris, London and, beginning in 2005 Melbourne. He’s the editor of The Daily Reckoning Australia and the Publisher of Port Phillip Publishing.

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Why Greece Can’t Afford to Stay in the Euro

Sometime in the next few weeks we’re going to find out if Greece can afford to stay in the euro. We’re also going to find out if Spain and Italy can afford to leave the euro.

May 16th, 2012 | | 3 comments | Continued
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Will China Become Australia’s Godfather?

We bet you didn’t know that Australia needs a ‘godfather’. China is trying to get Australia in line, strategically speaking. Is it because America is weak? Because Australia is vulnerable? Because China is strong? Or because China is weak? Surprisingly, the last part may be more likely than you think.

May 16th, 2012 | | 2 comments | Continued
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The Global Monetary Policy of “Three Sheets to the Wind”

Investors definitely should sail carefully, especially since global monetary policy response seems to be ‘three sheets to the wind’.

May 15th, 2012 | | 0 comments | Continued
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Preparing For China’s Growth Slowdown With The ‘Energy Hub’ Portfolio

Economic activity in China is slowing down. The slowdown touches all parts of the economy, too. If you haven’t yet prepared your portfolio for a world with a lot less economic growth, there’s still time. But maybe not as much as you think.

May 14th, 2012 | | 2 comments | Continued
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The Federal Budget: It Doesn’t Matter How Good the Beer Is

“I’ll buy you a beer and you can forget all about it.” That’s the advice we received from a friend last night. We were discussing Wayne Swan’s budget. It’s a subject we’ve deliberately avoided in the Daily Reckoning owing to the utter tragedy and absurdity of the whole premise.

May 9th, 2012 | | 6 comments | Continued
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When Financial Markets Decouple From Reality

Financial markets have all but decoupled from reality. The manipulation of interest rates has completely distorted prices. If prices don’t communicate useful information anymore, markets aren’t markets. They’re just vehicles for transferring money from one party to another.

May 9th, 2012 | | 1 comment | Continued
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Why is Charlie Munger So Angry at Gold?

Since 2001 Berkshire’s shares have declined relative to gold. That is, it takes you more and more shares of Berkshire to buy an ounce of gold. This may explain Warren Buffet’s and Charlie Munger’s vocal and public hostility to gold.

May 8th, 2012 | | 1 comment | Continued
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Who Owns Australian Government Debt?

Australian debt is bigger than it once was and likely to get bigger still.

May 8th, 2012 | | 2 comments | Continued
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When Radical Politics Exploits Poor Economics

All incumbent and mainstream politicians have one thing in common: they seek power and self-preservation. That means defending the current monetary system, despite its obvious flaws and irreparability. It also explains the rise of fringe and radical political parties.

May 8th, 2012 | | 0 comments | Continued
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The Bear Hunters and the Trigger Event for the Aussie Dollar

The Aussie dollar is anything but a ‘safe haven’. It’s a proxy for commodities, it’s a proxy for China, and it’s a proxy for risk. All of those things make it a dangerous currency at the moment.

May 7th, 2012 | | 1 comment | Continued
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How a Cashless Society Promotes Tyranny

Does a cashless society promote more trade and prosperity? We’d argue it promotes tyranny.

May 2nd, 2012 | | 9 comments | Continued
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Gleichschaltung

The homogenisation of money has led to a kind of debasement in the culture down to the lowest common denominator. But in terms of politics, it turns out the Nazis were way ahead of us on this homogenisation of political thinking. They called it gleichschaltung.

May 1st, 2012 | | 1 comment | Continued
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The Real Growth in Gas Energy

The real growth stories in Australia are energy stories. And one of the most successful energy stories to date is natural gas.

May 1st, 2012 | | 0 comments | Continued
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Another Quick Fix For Credit Junkies

You can sometimes hear the desperation in the voices of credit addicts. When you need a hit, you need a hit. The people who make a living off perpetually expanding credit bubbles need a hit. The credit hit is what keeps financial asset markets expanding.

April 30th, 2012 | | 8 comments | Continued
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The Backlash Against Conformity – When The Financial Becomes Political

You’ve had defaults, bankruptcies, flash crashes and more. But when it comes to show-stopping drama and social upheaval, nothing can match politics. And that’s what scares us at night these days.

April 24th, 2012 | | 2 comments | Continued
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