That all sounds like common sense. So why are so few policy makers using their head? The people who hope the global economy can be revived through a resumption of credit growth seem to forget that it was massive credit growth that created the problem (massive global imbalances, huge debt levels, and mal-investments) in the first place.
July 23rd, 2009 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "agora wealth symposium"
Is Today’s Market More Volatile Than Past Markets?
“Consensus is beginning to emerge among economists and market analysts that the recovery in the Australian share market will be sustained, and some brokers are encouraging their clients to start buying now,” reports an article in today’s Age. As the Mogambo says, “HAHAHAHAHAHAHAHA!”
July 22nd, 2009 | Dan Denning | 25 comments | Continued
Last Decade: Buy Gold, This Decade: Buy Energy
It’s not technically a new decade yet. But if the trade of the last decade was to sell stocks and buy gold, then maybe the best trade for the next ten years is to sell bonds and buy energy. Gas, coal, oil, conventional, unconventional, renewable, alternative. You have a whole portfolio of choices.
June 10th, 2009 | Dan Denning | 10 comments | Continued