It’s not too late to sign up for the gold conference in Canberra next month. The conference is run by the Gold Standard Institute of Australia.
October 16th, 2009 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "credit bubble"
Roach and His Bearish, Pessimistic Attitude
Roach was what I call a realist, but he was more commonly labelled a bear, a pessimist, and a crank. When the market was soaring to new highs, Roach spoke about his professional ostracism…
October 13th, 2009 | Greg Canavan | 0 comments | Continued
Underlying Demand During a Housing Shortage
That is clever to suggest that when rates rise people will have to find another way to say that houses are affordable. But we reckon when rates rise, as they eventually must, a lot of new home buyers will find out that access to cheap credit does not make a house affordable. It just makes the amount of debt you owe to the bank a lot larger.
September 30th, 2009 | Dan Denning | 41 comments | Continued
Debt to GDP Ratio Will Return to Normal
He writes that, “During the credit boom, from 1995 to 2007, the debt-to-GDP ratio rose quite a lot, to all-time record levels, eclipsing the 1920s by considerable margins.
September 11th, 2009 | Dan Denning | 0 comments | Continued
Building a National Economy Around the Housing Industry
Let’s also assume that the government cannot borrow its way to larger stimulus payments. With lower spending forecast for government, businesses, and households, you begin to wonder if Australia’s economy has a home grown engine, or if it will rely on something else, or someone else beyond the borders.
July 30th, 2009 | Dan Denning | 9 comments | Continued
Reserve Bank of Australia Will Meet to Determine the Price of Money
This denial of reality should be interesting to watch. When a credit bubble deflates and an economy breaks its addiction to reckless debt, the sensible thing to do (since you’re repairing your balance sheet) is dial things back a bit. Save. Cut back on the gadgets. Eat more staples. Wear a sack cloth.
But if you still believe that you can get something for nothing-well then yes-you’d continue to borrow and spend like a madman.
July 6th, 2009 | Dan Denning | 9 comments | Continued
The Swift and Violent Rise of Oil
If you want to know why oil prices could double this year, or how $52 trillion in total global debt will utterly suffocate central bank attempts to resuscitate bank lending, or Ben Bernanke’s secret plan to turn trillions of dollars worth of toxic assets into shareholder equity, read on! Two topics in one day! Why are oil prices lying? How much air is left in the credit bubble?…
January 20th, 2009 | Dan Denning | 10 comments | Continued
Gold Reaches One Month Low
Good news everyone. Gold has reached a one-month low. In fact, February gold futures on Comex fell the most in six weeks. They tumbled four percent on the day, down US$34. This is very good news. It means you will have a chance to buy gold at lower prices before it goes up higher later this year. Much higher, in fact, according to the 2009 forecast made by Diggers and Drillers editor Al Robinson…
January 13th, 2009 | Dan Denning | 11 comments | Continued
Dodging a Contraction – It’s an Election Year
Yes, that is what it is… a credit bubble that is deflating. The tide is going out, as Warren Buffett puts it. Now we see who’s been swimming naked. Not a pretty sight. So ugly, in fact, that people can’t stand to look.
March 13th, 2008 | Bill Bonner | 0 comments | Continued
Wiping the World’s Greatest Credit Bubble From History
One action alone won’t solve it – not even if that one action does come from Warren Buffett. Or the White House. Or the Federal Reserve. But altogether? And what if we throw in an extra $3.3 trillion of foreign government finance, pouring out of the oil- and export-rich sovereign wealth funds of Arabia and Asia? Might that be enough to wipe the world’s greatest-ever credit bubble from history?
February 14th, 2008 | Adrian Ash | 3 comments | Continued