The experiment in using more debt to solve a debt crisis has proven to be an abject failure. That in itself is a sad indictment on the central planners’ abilities
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.
From the European Union’s point of view, the relationship between Russia and Greece might already be too close for comfort.
It could throw the cosy, fascist nexus between Wall Street, Washington and the military-industrial complex into a frenzy.
The Fed is so intent on managing the stock market now. The economy is a secondary concern. As pathetic as that sounds, it’s the reality we are in.
Napoleon Bonaparte managed to recreate the Holy Roman Empire, bringing Europe together under one yolk almost 200 years before the European Union.
That one of the world’s biggest asset managers is calling for ‘helicopter money’ tells you all you need to know.
From a purely macroeconomic perspective, China looks toxic. And because of this, you’d have to be wary about the rally in commodities, right?
Oh dear. It’s spreading! What can we call it? Hey, let’s call it ‘debt contagion’. That’s a nasty sounding disease if ever we’ve heard one.
Like the Mafia helps stabilize poor neighbourhoods in Palermo…or free heroin helps stabilise addicts…the IMF is meant to keep the system functioning.
Despite all the calls that the US economy will enter recession in 2016, the world's largest economy continues to coast along.
Now Trump faces his biggest test: can he knock Madame Clinton out of the top spot in the polls? Our friends think so. The media, generally, does not.
Australia’s economic destiny (over the next decade or so at least) will be driven by China. And China’s economic position is extremely fragile.
Financial earthquakes are just as dangerous to your wealth as physical earthquakes are to your well-being.
Importantly for Aussie gold producers, gold priced in Aussie dollars remains very healthy despite the recent rise in the Australian dollar against the greenback.