Moody’s has just released a report claiming that Australian banks are the “most exposed” banks in the Asia-Pacific to a worsening of Europe’s sovereign-debt problem. What exactly does that mean?
February 7th, 2012 | Dan Denning | 1 comment | ContinuedMarket
Commentary on global share markets 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.
What the RBA Index of Commodity Prices Doesn’t Tell You
A whole sector of the commodities complex that’s in a long-term bull market isn’t measured by the RBA’s commodity prices index. Do you realise what this means?
February 7th, 2012 | Dan Denning | 0 comments | Continued
Goldman Sachs is Probably Not a “Buy”
Matt Taibbi — like many other cynical financial market observers — has learned to regard every pronouncement from Goldman Sachs with suspicion. Recent experience has demonstrated that “tame” and “harmless” are attributes that rarely operate within the Goldman Sachs business model.
February 6th, 2012 | Eric J. Fry | 0 comments | Continued
Confusion in Capitalism
The Financial Times has continued its series on ‘Capitalism in Crisis’ much longer than we expected. Longer than seems decent, actually. The crisis will be over before the series ends.
February 6th, 2012 | Bill Bonner | 0 comments | Continued
Buying Gold in Uncertain Times
The movement in the price of gold seems to be heading up again — almost no matter what else is happening. So, let’s look at what might be going on…
February 6th, 2012 | Bill Bonner | 2 comments | Continued
Natural Gas: The Big Transition in Energy
Today we look at why energy is becoming a flash point in Europe and how natural gas is taking centre stage. First, though, we’d like to announce a changing of the guard in the leadership of the resources market.
February 6th, 2012 | Dan Denning | 1 comment | 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
The System D Speak-Easy Economy
Robert Neuwirth says System D is the world’s second-largest economy, amounting to economic productivity of $10 trillion, which is probably a low estimate. At the pace at which government is growing, System D is set to employ as many as two of three workers by 2020.
February 3rd, 2012 | The Daily Reckoning | 1 comment | Continued
Below Average Thinking With Thomas Friedman
We got a chuckle out of Thomas Friedman. Maybe he would be good as a brick mason. Or maybe a baker. Shame he got caught up in journalism. He has no talent for it.
February 3rd, 2012 | Bill Bonner | 1 comment | Continued
Investment Alternatives in a No Growth Economy
The economy is not nearly as strong as most people think. There is no growth to speak of. And without growth, it doesn’t make sense to pay so much for stocks.
February 3rd, 2012 | Bill Bonner | 0 comments | Continued
Health, Wealth and Stealth Inflation in the Great Food Swindle
Today’s Daily Reckoning will deal with health and wealth – in equal measure (with a dose of inflation thrown in). Having good health, especially as you get older, is a form of enrichment so there’s symmetry between it and your wealth. And if you’ve been to a doctor / specialist / hospital recently, you’ll know maintaining your health is not cheap.
February 3rd, 2012 | Greg Canavan | 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
Persistent Questions About the Future of the US Economy
The US economy entered a period of debt destruction – a Great Correction, we called it. The question then was how long the Great Correction would last…which depended on what it was correcting.
February 2nd, 2012 | Bill Bonner | 3 comments | Continued
Why the Latest Global Manufacturing Data Is Not Good, Just Less Worse
Global markets finished up strongly overnight on the release of ‘strong’ global manufacturing data. Why do we think this is a bear market rally? We’ll get to that in a moment. First, let’s take a quick look at the bear’s recent work.
February 2nd, 2012 | Greg Canavan | 2 comments | Continued
