We had been invited to watch President Obama give the State of the Union address with a group of dinosaurs…a group approaching extinction with dignity and intelligence. You might call them ‘thinking conservatives,’ ‘paleo- conservatives’ or ‘constitutionalists.’
January 30th, 2012 | Bill Bonner | 0 comments | 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.
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
The Consequences of Denying Reality in a Bernanke Economy
Mr. Bernanke is fiddling the levers again, promising to keep rates lower than a sea snake’s belly until 2014. America’s #1 central banker may well be highly intelligent…but that does not preclude him from also being a dunce.
January 27th, 2012 | Joel Bowman | 0 comments | Continued
Sit Tight With The Bull Market: An Investing Lesson From The Great Bear of Wall Street
The book, Reminiscences of a Stock Operator by Edwin Lefèvre immortalised Jesse Livermore’s exploits. I have never read it so I can’t be sure the following quote is even from that book. But wherever it comes from, it might be the most wise advice you’ll ever read about how to handle a bull market.
January 26th, 2012 | Greg Canavan | 3 comments | Continued
Getting Out of Dodge: Part II
“Generally, one simply must internationalize one’s assets. The biggest danger investors face, by far, is not market risk – huge as that will be – but political risk. The only way to insulate yourself from such risk is to diversify yourself politically and geographically.”
January 26th, 2012 | Doug Casey | 4 comments | Continued
Getting Out of Dodge: Part I
An interview with international investor Doug Casey conducted by Louis James, Editor, International Speculator.
January 25th, 2012 | Doug Casey | 0 comments | Continued
Australia’s Place in the World of Debt – An Each-Way Bet On The 21st Century
Australian government debt (Federal) crossed the $200 billion barrier last year. In a few short years, then, the government has gone from a modest $20 billion surplus to a $200 billion debt. That debt is still small as percentage of GDP compared to the US, Japan, and the UK. But it’s a lot larger than it was a few years ago…and once these things get rolling, they have a way of building momentum.
January 25th, 2012 | Dan Denning | 7 comments | Continued
The Link Between Japan’s Economy and Australia
Japan’s economy posted its first trade deficit since 1980. This is a country whose entire economic model has been based on exporting manufactured goods to the rest of the world. But for 2011, the Japanese ran a trade deficit of $2.6 billion.
January 25th, 2012 | Dan Denning | 0 comments | Continued
Megaupload, Orwell and Knowing Your Role as an Obedient Citizen
Now, one might assume that artists would want their music distributed, to have their artwork seen and heard by as many eyes and ears as possible. Correct. In fact, that was exactly what Megaupload – a website owned and operated by recording artists – was trying to accomplish.
January 24th, 2012 | Joel Bowman | 13 comments | Continued
Tales from the Southern Hemisphere
The Southern Hemisphere is not a bad place to be in the wintertime. That is, when it is wintertime in the Northern Hemisphere. By the time the chilly winds from Baltimore reach the southern tip of Africa they have been warmed by the South Atlantic. Flowers bloom. The sun shines. Gentle breezes glide over the fields and parking lots.
January 24th, 2012 | Bill Bonner | 5 comments | Continued
The US Debt Cutting Derby
The public sector is leveraging up. The US is going deeper and deeper into debt. As it adds to the quantity of its debt outstanding, the quality should go down. And the price too. But it’s not. So, either the times are out of joint…or we are.
January 24th, 2012 | Bill Bonner | 0 comments | Continued
The Downside of a Strong Australian Dollar in the New Brand of Capitalism
The strong Australian dollar makes some export industries chronically uncompetitive. Not only does this make them bad investments, it damages their ability to remain a going concern.
January 24th, 2012 | Dan Denning | 4 comments | Continued
A Real Stress Test: Could Any Major Bank or Developed Nation Survive?
The conceit of modern public finance is that people with good political skills can do a better job of deciding which banks are solvent than the marketplace. ‘Raw capitalism,’ is just too impulsive, they claim.
January 23rd, 2012 | Bill Bonner | 0 comments | Continued
