“The Australian housing market is facing the prospect of a ‘perfect storm’ of financial pressures, including high mortgage debt, overvalued homes and rising unemployment, which could see prices eventually fall by as much as 30 per cent, investors have been warned,” reads a story in today’s Age.
March 18th, 2009 | Dan Denning | 43 comments | ContinuedAll Posts Tagged With: "Diggers and Drillers"
Circle September 26th on Your Monetary Calendar
Bankers are bankers, after all. Their product is money. But they have gold in their vaults for a reason. It was money before paper was money. So September 26th may mark the end of the orderly and coordinated management of gold sales by European Central Banks. And it may mark the beginning of a new monetary era where gold reasserts its importance as money…
January 28th, 2009 | Dan Denning | 2 comments | Continued
CRB Commodities Index Has Largest Decline in 50 Years
While the RBA rate cut is good news for the Aussie share market, the utter collapse in global commodity prices is not. This week the CRB commodities index fell the most in over 50 years—the most ever in such a short period. What is going on and where will commodity prices go from here? Three factors have contributed to the huge reversal in resource prices. First is the global rush to cash. Investors have voluntarily liquidated positions they’ve held for years in order to be in cash.
October 8th, 2008 | Dan Denning | 3 comments | Continued
Monday Morning Reader Mail
Does your editorial speak from the point of view of living in the US or Australia? Does the trade of the decade have more pertinence to us living within the AU economy? We can buy more gold per Aud than we could 12 months ago with the lowering of the USD notwithstanding the increase in the price of gold overall.
March 31st, 2008 | Dan Denning | 1 comment | Continued
