Needless to say, watching (and feeling) your money being eaten alive by a multi-year bear market is not pleasant. In fact it’s the kind of experience that might prompt you to make a change by, say, selling your shares and giving up on the market once and for all.
January 3rd, 2012 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "big banks"
Australia’s Allowance For Corporate Tax Stupidity
Apparently, a nine-person working group set up by Treasurer Wayne Swan after the recent tax summit, has come up with this corporate tax gem – the “Allowance for Corporate Equity”.
December 7th, 2011 | Dan Denning | 3 comments | Continued
Commodity Correction
Excellent. Australia has a brand new mining tax just in time for a huge correction in commodities. Yesterday we mentioned the probability that the bond crisis in Europe was inherently deflationary. Europe’s debt reckoning will result in massive deleveraging in the financial system. And the last time that happened, a lot of long-term speculative bets on commodities were liquidated.
November 23rd, 2011 | Dan Denning | 1 comment | Continued
Bank’s Revenues Decline as Debtors Fail to Make Repayments
The banks face “challenging conditions,” says Fed governor Donald Kohn. Many are watching their revenues decline as debtors fail to pay up, while the value of their collateral goes down. Bankruptcy filings are going up, reports the LA Times, which it regards as a “grim omen.” Delinquencies in Alt-A debt, a step above subprime, are rising.
March 6th, 2008 | Bill Bonner | 0 comments | Continued
