Speaking of losing and just what’s at stake as September begins, why don’t we start with where the entire global recovery – and Australia’s resilience – are supposed to reside: Chinese strength. The Shanghai Composite fells 6.7% overnight and is now down over 25% from its highs. Uh oh.
September 1st, 2009 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "balance sheets"
The Long Emergency
The reason behind this mass delusion is not hard to find: it’s based on wishing, especially the wish to retain all the comforts, conveniences, luxuries, and leisure that had become normal in American life. These are now ebbing away in big gobs for most of the population…
August 5th, 2009 | James Howard Kunstler | 2 comments | Continued
This Reflation is Not Yet a Monster Hyper-inflation
The market begins the month of August trying to prove that the Great Recession is over and the earnings recovery has begun. On Friday, US GDP data came out and seemed to confirm that just maybe the worst is behind us. According to the cryptic figures, US GDP is shrinking at annualised pace of just 1% – considerably less than the 6.4% from late last year.
August 3rd, 2009 | Dan Denning | 0 comments | Continued
Stock Market Treats Sage of Omaha Roughly
What evil omen has the market noticed? What devil-on-the-loose does it fear? What plague, what war, what depression, what bankruptcy, what hyperinflation… did we say ‘hyperinflation’? Wait a minute. We’re getting ahead of ourselves. Whatever the world’s stock markets see – it must be a damnable mess… as if the world didn’t have a future.
November 25th, 2008 | Bill Bonner | 1 comment | Continued
Balance Sheet Bailout Begins
Asciano has $4 billion debt on the books (much of it inherited from when the company was spun from Toll in 2007). But yesterday the company assured investors it wouldn’t be beefing up the equity on the balance sheet with another dilutive capital raising….
November 12th, 2008 | Dan Denning | 0 comments | Continued