Australia’s economy has mixed economic blessings. Each one of them has an upside and a downside. We’ll explain how you can prepare for them to protect your wealth.
February 17th, 2012 | Nickolai Hubble | 3 comments | ContinuedCurrencies
Commentary on worldwide currencies 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.
How Warren Buffett Looks at Stocks vs. Gold Investing
Warren Buffet willingly gives up the protection of gold in order to the get the upside from stocks. We willingly give up the upside from stocks in order to get the protection from gold.
February 15th, 2012 | Bill Bonner | 0 comments | Continued
How the End of Double Digit Credit Growth Affects the Australian Economy
ANZ is shedding jobs. Manufacturers, retailers, and banks are all laying off employees. Is there a general conclusion you can reach from those specific observations? The answer is “yes”. The common thread to all these job layoffs is the end of double-digit credit expansion in the Australian economy.
February 14th, 2012 | Dan Denning | 4 comments | Continued
Dylan Grice: The Man With One Hand
It isn’t often that there is standing room only at a presentation on the future of the Japanese economy. But that’s what I found when I arrived, admittedly a tad late, at the Edinburgh International Conference Centre to listen to Dylan Grice.
February 11th, 2012 | The Daily Reckoning | 0 comments | Continued
Vulnerable to External Influences – The Economic State of Australia (Part II)
The commodity boom has created a “two track” economy. The mining and commodity boom benefits a small part of the economy whilst simultaneously creating problems for other parts. The mining and energy sector account for less than 10% of the Australian economy.
February 10th, 2012 | The Daily Reckoning | 2 comments | Continued
Why is Australia So Expensive?
We caught up with an old friend from the United States last night. He was last in Australia in 2001. He couldn’t believe how expensive things in Australia had become. Even taking the massive swing in exchange rates into account, on a one-for-one basis the price difference is huge.
February 10th, 2012 | Greg Canavan | 14 comments | Continued
Vulnerable to External Influences – The Economic State of Australia (Part I)
Australia’s future is inextricably linked to China and the commodity “super boom”. Australian economic prospects remain vulnerable to international developments outside its control.
February 9th, 2012 | The Daily Reckoning | 2 comments | Continued
Why Europe’s Plan to End the Debt Crisis Can’t and Won’t Work
The actions need to try to stabilize the European debt crisis are well recognized. But Even if measures could be implemented as soon as possible, success is not assured. However without them, the chance of a disorderly collapse is increasingly significant.
February 8th, 2012 | The Daily Reckoning | 0 comments | Continued
The Economic Policy of Do As I Say, Not As I Do
There is a delicious irony in the world of economic policy at the moment. The Asian crisis back back in 1997 and 1998 was brought on by the same things that led to the current crisis in Europe and the US (and the one I believe is coming to China).
February 4th, 2012 | The Daily Reckoning | 1 comment | Continued
The First Casualty of the Currency Wars
Can Australia’s currency continue its rampage while exporters burn? The currency wars have been going on quietly here at home for some time now. And going by the state of our exporters, we’re losing.
February 4th, 2012 | Nickolai Hubble | 3 comments | Continued
How the Fed Prints Money Under the Guise of Currency Swaps
The Fed is ramping up its currency swap activity again. Meaning, Federal Reserve Chairman Ben Bernanke, is printing money again. That’s bad enough. But this time, after he prints it, he sends it over to Europe. Crazy, but true.
February 2nd, 2012 | Eric J. Fry | 2 comments | Continued
What the Facebook IPO Says About Your Most Valuable Asset
Social networking site Facebook may go public this week. This is important. The fact that the company is ready to sell shares to the public and Wall Street is underwriting for the initial public offering (IPO) can only mean one thing: the age of superficial communication devoid of real content and real meaning may be peaking… as soon as tomorrow!
January 31st, 2012 | Dan Denning | 11 comments | Continued
A Question of Currency: Should Australians Invest in the Fourth Reich?
The first thing to think about, if you’re a foreign investor in another region, is currencies. Well, it may not quite be the first thing, but keep in mind: movements in currencies can make or break investment returns.
January 30th, 2012 | Nickolai Hubble | 0 comments | Continued
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.
January 27th, 2012 | Greg Canavan | 1 comment | Continued
Demand Fears in a Consumer Based Economy
Yesterday, Europe was back in the news. Whenever Europe is in the headlines, the headlines are bad. And the ideas behind the headlines are absurd. In fact, it is amazing how many crackpot ideas the press can throw at you in a single day.
January 27th, 2012 | Bill Bonner | 0 comments | Continued
