Moody’s has just released a report claiming that Australian banks are the “most exposed” banks in the Asia-Pacific to a worsening of Europe’s sovereign-debt problem. What exactly does that mean?
February 7th, 2012 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "credit crisis"
Europe’s Credit Crisis is China’s Trading Problem
Europe isn’t a huge customer of raw commodities. But China is Europe’s largest trading partner. So there is a knock-on effect…somewhere down the line.
November 29th, 2011 | Dan Denning | 0 comments | Continued
Capital One Financial Not Convinced Economy is On the Mend
Yesterday afternoon, at the Goldman Sachs US Financial Services Conference in New York City, Capital One’s Chairman and CEO, Richard D. Fairbank, wowed the crowd with a dizzying collection of grim assessments and forecasts.
December 11th, 2009 | Eric J. Fry | 0 comments | Continued
Speculators and Chinese Firms Accumulating Australian Resource Companies and Commodities
And while China and America bicker over currencies, Chinese firms are scrambling to buy real assets. And while Aussie banks source foreign borrowing to lend in local real estate, Aussie mining firms go begging for bits of capital that would bring world-class ore bodies (and key strategic resources) into production…by local producers and owners.
November 19th, 2009 | Dan Denning | 1 comment | Continued
China Will Rule the Business World While America Finds Itself Heavily in Debt
The 19th century belonged to Britain, the 20th century belonged to America and in the 21st century, China will rule the business world. Whether you like it or not, this transition is already underway…
November 18th, 2009 | Puru Saxena | 10 comments | Continued
The Growing Pile of Cash On Corporate Balance Sheets
“Cash is the financial equivalent of a big, soft pillow,” Chris continues. “It helps you sleep better at night. After the credit crisis turned small balance sheet leaks into lethal holes…
November 4th, 2009 | Eric J. Fry | 0 comments | Continued
U.S. Government Must Roll Over $3.4 Trillion in Debt Over Next Four Years
And if America can’t find anyone willing to finance its deficits, what then? Well, the luxury of issuing debts in the currency you also print is that you can print money to pay for them. Technically, you can never become insolvent when you enjoy this privilege. The Fed, for example, can create new money to buy debt issued by the Treasury, funding deficits ad infinitum.
November 3rd, 2009 | Dan Denning | 5 comments | Continued
Can Governments and Central Banks Prevent More Credit Writedowns?
Are we changing our tune, then, about what to expect from markets? Not one bit. But the question now is timing. The collapse of 2008 was so severe because of the sudden reduction in leverage in the financial sector. As assets fell in value, the most highly leveraged firms (or lenders who raised money by selling debt) went out of business.
October 12th, 2009 | Dan Denning | 34 comments | Continued
4 Ways to Protect Against a Falling Dollar
The US dollar is in bad shape. Over the past several years, the federal budget deficit has shot up like money is going out of style – and maybe it is.
September 9th, 2009 | Jim Nelson | 0 comments | Continued
Stamp Duty Dilemma for Aussie States
Stamp duty is a cash cow for the States. And boy do they need the cash. The trouble-as they seem to be grokking now…
June 22nd, 2009 | Dan Denning | 26 comments | Continued
Wall Street Gets the Boot
Yesterday, President Obama, seeing Wall Street on the mat, walked over and gave it the boot. The $18 billion in bonuses, paid out on to Wall Street honchos last year, were “shameful,” said he. It was the “height of irresponsibility” to take so much capital out of the system when it was losing money, he pointed out. Of course, he’s right. It was certainly irresponsible. And the Wall Street crowd deserves the boot, no doubt about it. But it’s a shame no one mentioned it in 2006 or 2007 – not even Mr. Obama – when the bonuses and the irresponsibility were even higher…
February 2nd, 2009 | Bill Bonner | 0 comments | Continued
Get Rich Slow
Recently, I spent a few days in an old chateau in the countryside of Normandy, France. There is a tiny town about a mile from the chateau, but otherwise, it is a picture of things pastoral – green meadows… cows cropping grass and taking in the sun… a Jacobin farmhouse… miles of farmland all around… Since I’ve been writing and talking about farmland, I had a deeper appreciation for just how useful such land is. Really, I can think of no better asset to own during any kind of financial crisis…
January 22nd, 2009 | Chris Mayer | 2 comments | Continued
American Investors Are Being Fattened For Slaughter
“Psst… we’re breaking out of this joint… Saturday night… pass it on…” Yes, dear reader… we’re breaking out… We’re not going to let these prison bars stop us. A whole generation of American investors is being fattened for slaughter… we’re not going to be among them…
January 8th, 2009 | Bill Bonner | 3 comments | Continued
1% Aussie Interest Rate Cut?
Here we go again. Where to this week? The RBA meets tomorrow. The TD Securities-Melbourne inflation gauge apparently fell 0.6% in November. Falling petrol prices brought everything else down. Does this mean the RBA can cut Aussie interest rates one full percent or 75 basis points, as economists expect? Who knows? And will it matter anyway? That is, is a rate cut the sort of thing that’s going to prevent the Australian economy from suffering a globally-induced recession? Don’t count on it.
December 1st, 2008 | Dan Denning | 1 comment | Continued
The Best Time to Invest in the Market in 5 Years
“Stock Market Crisis”…”Market Meltdown”…”Stock Market Crash”…”Government Bails Out Banks”…”Credit Crisis”. Those seem to be the only type of headlines we’ve seen during the last few months. There have been very few bright spots. It has culminated – so far – with the S&P/ASX 200 having fallen by 50% since the market peaked in November 2007. Because of that we have reassessed all of the positions in our Australian Small Cap Investigator portfolio…
November 25th, 2008 | Kris Sayce | 1 comment | Continued
