Stocks on Wall Street took a breather overnight, but the price of iron ore continued to move higher. Iron ore for delivery to the Chinese port of Qingdao is now trading at US$80.83 per tonne.
The flourishing Asian economy will be a major source of growth and opportunity for Australian companies and investors in the years ahead.
But there’s also the danger of managers and investors getting lured into markets they don’t understand. You can find out the companies and regions poised to profit and those that aren’t from our investment editors. They get the facts you need to know to make an informed decision and to make sure your money is in the right place — at the right time.
These two Asian giants are going to rumble the world for the next century. Just take the news about the demand Chinese have for global property right now.
In the 12 hours that followed the announcement, goldsmiths and jewellers alike opened their doors — in some cases until well beyond midnight — and accepted very large cash transactions
If history is any guide, the ‘High and Mighty’ property headline should be a warning to get your house in order. The curse looks set to strike in Australia.
While our keynote speakers, Jim Rogers and Jim Rickards, were awesome, Port Phillip Publishing’s own crew punched well above their weight.
Jim Rogers’ presentation was one of the best I’ve seen in the 11 years that Port Phillip Publishing has been putting on events. And we’ve had some crackers.
The Shanghai Accord in its simplest form is a weaker dollar. It was a way for China to cheapen their currency without breaking the peg to the US dollar.
In economic Neverland, the central banker also refuses to grow up. They act like children. And they do everything in their power to escape reality.
To us, it’s mounting evidence of a major financial storm that could soon strike the markets. We continue to be on high alert for a stock market crash.
China’s authorities see gaming as just another conduit for illegal capital flows. Why Crown Casino in particular was targeted is a mystery.
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.
After eight years of popping ‘blue pills’ of different sizes and in varying quantities, did the US economy rise to the occasion?
Japan’s stock market crashed in 1989. Since then, the no-luck Japanese have had sluggish growth, recession, and on-again/off-again deflation.
There are three ways to repay sovereign debt: default, growth and inflation. Obviously, growth is the best way, but it’s not happening.
China’s economy is the exceptional one here. The rate of debt growth in the Middle Kingdom since the 2008 crisis is a historical anomaly.