Have the Federal Government targeted the wrong man with its controversial resources super profit tax?
May 31st, 2010 | Adam Schwab | 7 comments | ContinuedAll Posts Tagged With: "federal government"
Talk of Chinese Property Investors Bidding Up Australian Property Prices
Having our flagship resources industry rely on foreign credit and politically driven Chinese demand is unstable enough. Now our house prices rely on them as well!
April 4th, 2010 | Nickolai Hubble | 9 comments | Continued
More Likely to Beat Inflation in Stocks than Cash
This is not a value-based argument. But it IS an argument for why nominal gains in stock markets are not inconsistent with rampant or even hyper inflation. We’re not saying that’s what’s going on right now. And of course, in our one-two Big Crash dance card, asset deflation precedes the Melt Up.
March 23rd, 2010 | Dan Denning | 4 comments | Continued
As a Wealth Survival Strategy the Stock Market is a Death Trap
You should, by our reckoning, own a small portfolio of stocks leveraged to positive Black Swans (low probability but high magnitude events that drive a share price higher…like the discovery of a new ore body or the development of a new drug). These are the sort entrepreneurial ventures that will create new wealth.
March 5th, 2010 | Dan Denning | 25 comments | Continued
How Does an Economy Expand When the Banks are Lending Less Money?
We believe the “expansion” reported in the GDP figures is mostly counterfeit. It’s government spending and hot money filtering into the economy.
March 4th, 2010 | Bill Bonner | 0 comments | Continued
An Insider’s View of the Real Estate Train Wreck
The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. And there was no one in the nation I wanted more than Andy to address the critical topic of real estate.
February 12th, 2010 | David Galland | 28 comments | Continued
Debt Problem Has Not Gone Away
Banks have recapitalised, making up for some of their losses from 2008 and 2009. But you still have a financial system addicted to debt and leverage. Investors have bought into the recovery story, though, and taken a punt on shares at just the time they ought to be reducing their allocation to shares (in our estimate). Why?
January 29th, 2010 | Dan Denning | 12 comments | Continued
The On-Again, Off-Again Depression
If you step back a bit further, you could see it in a different light. Ten years ago, The Daily Reckoning warned of a long, Japan-like slump. Then, the stock market fell and the economy went into a recession.
December 11th, 2009 | Bill Bonner | 2 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
Only Hope for Obama is that the Economy Revives
Why not? Wait a minute…you already know the answer to that question. Because it’s a depression. It’s the end of the road for the consumer credit economy. Consumers did their best.
October 19th, 2009 | Bill Bonner | 1 comment | 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
Is Gold at $1000 a Bargain…Or a Trap?
Barclays Capital says gold could go to $1,500. We don’t know where they got that number. It could go to $15,000 for all we know.
October 9th, 2009 | Bill Bonner | 4 comments | Continued
Will Gold Make Higher Highs From Here?
What’s more, the emergence of the gold exchange traded funds (ETFs) has put a huge portion of the gold market in a very small number of hands. If the ETFs sell…who will they sell to? Or more succinctly, a lot of the gold demand is coming from a few institutions. If other institutions (central banks and sovereign wealth funds) don’t pick up the slack, there will be more sellers than buyers and prices will fall.
October 7th, 2009 | Dan Denning | 3 comments | Continued
A Look at Strategic Oil Reserves – Who’s Buying Oil?
As the US strategic petroleum reserve (SPR) approaches capacity (721.5 million barrels filled out of a total possible 727 million, and will be filled by January 2010), the federal government will fade out of the oil-buying business.
October 1st, 2009 | Marin Katusa | 0 comments | Continued
US Federal Government Ran the Biggest Deficit in History
In theory, the US government could do the same. But, in fact, it never runs significant surpluses. There are too many people who want too much bread and too many circuses. And you don’t win votes by denying the voters…
September 30th, 2009 | Bill Bonner | 2 comments | Continued
