China’s February trade deficit was its largest since 1989. That proves Europe’s debt woes do matter to China. According to Bloomberg, January exports fell for the first time in two years.
April 2nd, 2012 | Dan Denning | 0 comments | ContinuedAustralasia
Commentary on Australian and Asian economics, politics and society by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
Why BHP Should Be Bracing Itself For a China Slowdown
There’s trouble brewing over at the Big Australian – BHP. Investors are now starting to turn on the once impregnable company. Blackrock, BHP’s single biggest shareholder, recently sold a third of its holding.
March 30th, 2012 | Greg Canavan | 1 comment | Continued
Why Australian House Prices Are Set to Crash
Australian house prices are unaffordable, mortgage delinquencies are rising, house prices are falling, risk is concentrated in the banks, and the country is headed for a giant reckoning.
March 28th, 2012 | Dan Denning | 26 comments | Continued
What Australia Has That China Needs
It would probably be a relief to Australian politicians if their conversations with China were only about energy. Because no matter what happens to the world’s monetary system, the world’s economy (even if it contracts) will still need energy.
March 26th, 2012 | Dan Denning | 4 comments | Continued
An Economic Crisis in Reverse Chronological Order
The gods of economic law are following a logical pattern – they’re going steadily eastwards. Moving in reverse chronological order if you take time zones into account. And that means they’re nearing the land of Oz, the lucky country, the wide brown land of expensive houses.
March 24th, 2012 | Nickolai Hubble | 0 comments | Continued
Gold Money: A Once-in-a-Generation Buying Opportunity
Bernanke says there’s not enough gold (which is money) to satisfy a growing economy. Therefore, a gold standard can restrain economic growth because of the tight rein it imposes on the money supply. Most people instinctively agree with this. But when you think about, you’ll realise such an interpretation is one-dimensional.
March 23rd, 2012 | Greg Canavan | 3 comments | Continued
China: All Feasts Must Come to An End – Part III
A significant part of China’s economic growth has been an illusion. Since 2008, China’s headline growth of 8-10% has been driven by new lending averaging around 30-40% of GDP. When losses are deducted, Chinese economic growth is actually much lower.
March 22nd, 2012 | The Daily Reckoning | 1 comment | Continued
A Question Australia Might Have to Answer
Populations rise and fall. That’s what they do. Indigenous tribes succumb to the aspirations of conquering marauders. Then, when looters turn incumbents, when foreigners set up camp and become “locals,” they in turn open themselves up for conquest from abroad…or from within. Such is the natural course of events.
March 22nd, 2012 | Joel Bowman | 2 comments | Continued
Australian Tax: Running Government at a Profit
Australia’s tax legislation is, according to urban legend, the longest piece of legislation in the world. One of our law professors reportedly has an entire room devoted to books of Australia’s extensive tax law. Part of the story is that Australia has several tax Acts.
March 21st, 2012 | Nickolai Hubble | 9 comments | Continued
China: Why All Feasts Must Come to An End – Part II
China’s economic recovery from the initial effects of the GFC was no miracle. Like the rest of the world, it was the result of “Botox economics”.
March 21st, 2012 | The Daily Reckoning | 0 comments | Continued
China: Why All Feasts Must Come to An End
The Chinese economy is forecast to expand by around 60 % in the period between 2007 and 2012, compared to around 3% for developed economies. While China’s rise is important, its drivers are frequently misunderstood and poorly analysed.
March 20th, 2012 | The Daily Reckoning | 2 comments | Continued
Dividends: How to Milk the Stock Market’s Cash Cows
There are groups of investors who benefit from exercising patience now in exchange for amassed benefits later. The dividend-receiving shareholders of certain ASX-listed companies are one of those groups.
March 20th, 2012 | Nickolai Hubble | 4 comments | Continued
Hilarious Reasons for Why We Need the Government
It doesn’t matter where you go, Fellow Reckoner…it doesn’t matter how far you wander or for how long you travel…you can’t escape the world improver brigade.
March 19th, 2012 | Joel Bowman | 3 comments | Continued
Australian Property Hits a New Kind of High
Australia’s property obsession is reaching a frenzy. There is talk of being able to bet on a new property index, clearance rates are making news alongside gossip columns and some analysts are warning of an impending crash.
March 19th, 2012 | Nickolai Hubble | 31 comments | Continued
Debt-onomics and the Coming Debt-ocalypse
Steve Keen’s surprise appearance yesterday turned out to be quite a harrowing experience for any homeowners in the audience. After laying out the importance of debt in the economy, Steve analysed the Australian housing market.
March 17th, 2012 | Nickolai Hubble | 14 comments | Continued
