There is any number of issues out there threatening to bring the economic house of cards down, taking financial markets with them.
Africa and the Middle East
While the editors here at The Daily Reckoning acknowledge and celebrate Australia’s giddy history as the dominant cricket power, they recognise when it comes to the global economy we’re not quite up there with the big boys.
Because Australia is a small, open economy, as an investor you need to watch developments overseas that can impact here. It might be the US central bank driving up the exchange rate, to European hedge funds shorting the market, to trade agreements in Asia changing the investing landscape.
That’s one reason they Reckon every day. If you need to know about it, they’ll cover it.
Hillary’s Deep State economics don’t work. We’ve been arguing for years that fixing the price of credit by central banks would have the same consequences as fixing any other price: disaster.
Rather than wonder what each set of dubious Chinese data means, I’ve simply decided to follow the iron ore price as a proxy for China’s economic health. Right now, iron ore is holding up around US$58/tonne.
Here at the Diary, we always take the side of the underdog, the diehard, and the lost cause. It’s beginning to look like Donald Trump may be all three.
Is the election really rigged? Probably not in the way Mr Trump intends listeners to believe. But the ‘system’ is so rigged that the election results hardly matter.
What is the 2016 election if not a giant pileup of perversion, error, miscalculation, and accident? What is the cause? We have a prime suspect.
Our views on the demise of conservativism are not unique to us. But our views on what caused it are. Bill Bonner explains the death of conservative America.
Instead of fearing the next financial crisis, we could see it as an opportunity to rekindle our collective sanity, by resetting a sickly financial system
Jobs growth. Corporate earnings growth. Economic growth. House price growth. Keeping public confidence up is paramount in a world built on a big, fat lie.
The Fed tries to normalise rates, chances are that history will repeat and they’ll lead the world into another recession.
Trying to suppress free markets or abolish them always leads to confusion, bubbles, bankruptcies, and misery. Economies weaken; people grow poorer.
Going into this week, hedge funds were exceptionally bullish on gold. Their ‘net long’ position was 262,000 contracts, with each contract representing 100 ounces of gold.
This is a new kind of war, a fake war designed merely to shift money and power to a corrupt Deep State industry: the terror industry.
After eight years of popping ‘blue pills’ of different sizes and in varying quantities, did the US economy rise to the occasion?
If you’re thinking that house prices can’t keep rising, I’m sorry to say that our property cycle expert Phil Anderson doesn’t agree. Phil called the start of this cycle years ago, and he expects it to run its course for years to come.