Can Australia’s currency continue its rampage while exporters burn? The currency wars have been going on quietly here at home for some time now. And going by the state of our exporters, we’re losing.
February 4th, 2012 | Nickolai Hubble | 3 comments | ContinuedAll Posts Tagged With: "hyperinflation"
Germans Obsessed With Getting Their Fiscal House in Order
Anecdotal evidence from the German population suggests that whinging is on the agenda, without any obvious plan of action. “Germany works, while the rest of Europe parties” is the phrase on everyone’s lips.
May 22nd, 2010 | Nickolai Hubble | 0 comments | Continued
Still Worried About the Great Correction?
But don’t forget:
This is a Great Correction. It began almost exactly three years ago, when New Century Financial – the second largest subprime mortgage company in the US – filed for bankruptcy. It will continue until debt levels in the private sector have worked themselves down to more reasonable levels.
Federal Reserve Literally Killing Our Money
As much as I scream in Loud Mogambo Outrage (LMO) about the sheer amount of money that is being created that will create horrendous inflation in prices, using whatever data that I can easily get my hands on…
March 31st, 2010 | Mogambo Guru | 2 comments | Continued
Is Your Money What You Think It Is?
The paper we use today is a medium of exchange – it got that way because governments made it illegal not to accept it – but it’s not a good store of value.
March 19th, 2010 | Doug Casey | 2 comments | Continued
China’s Economy is the Greatest Bubble on Earth
But is there really going to be a round two? Well, if the first incorrect assumption was that Australia didn’t have a bad debt problem, the second assumption is probably even more dangerous. It’s more dangerous because it’s the single most unexamined assumption behind much of Australia’s economic prosperity. The assumption is that we’ll always have China.
March 18th, 2010 | Dan Denning | 30 comments | Continued
Reserve Bank Agrees There is a Housing Shortage in Australia
RBA assistant governor Philip Lowe said in a speech in Sydney yesterday that constraints on home building are restricting the supply of homes in Australia. The shortage is one factor keeping prices up. Nothing was said about the lending boom.
March 11th, 2010 | Dan Denning | 43 comments | Continued
Shadow Banking System: A Murky World of Credit, Securitisation and Derivatives
Most of these are interest rate and credit derivatives. As we learned in the last two years, the big risk here is to institutions which owe and own these obligations amongst one another. In our view, the degree of interconnectedness among these obligations (they still aren’t unwound) still makes the entire global financial system vulnerable…
March 10th, 2010 | Dan Denning | 14 comments | Continued
Feds are Getting Plenty of Taxpayer Support
Not only are the feds taking up a bigger percentage of GDP, they’re also becoming bossier. During the Bush years the federal register recorded 7,000 more pages of new rules.
February 16th, 2010 | Bill Bonner | 1 comment | Continued
Japanese Government Displays Generosity as Prices Fall in Japan
“Japan Deflation Hits a Record Pace,” reported the BBC. Prices in Japan were falling faster than they ever had since they began keeping track in 1970.
February 8th, 2010 | Bill Bonner | 5 comments | Continued
US Economy and its Political System Has Become More Rigid and Costly
One thing Americans take for granted is that they will always be the richest, most successful people on earth. They think that because that is what they have always known.
November 16th, 2009 | Bill Bonner | 2 comments | Continued
Government Debt
And that assumes there is no big increase in interest rates…and that the economy recovers as planned. If either of those things fails to happen, the situation will degrade fast.
October 26th, 2009 | Bill Bonner | 0 comments | Continued
Cash is Created When the Feds “Monetize the Debt” by Buying US Treasury Bonds
Are you kidding, dear reader? After being the single largest buyer on the planet? Imagine what will happen to the bond market when investors realize that the Fed is selling! It’s not going to happen.
October 23rd, 2009 | Bill Bonner | 5 comments | Continued
Paying Off Debt is Like Dying…
Voters don’t like hearing about debt. Politicians don’t like talking about it. And economists don’t want to think about it.
October 19th, 2009 | Bill Bonner | 5 comments | Continued
Dr. Michael Hudson On Landlords and Bankers in Charge of the Economy Again
Regrettably, your editor was back at the doctor’s office early this morning being diagnosed with tonsillitis after a lousy night. We were especially disappointed because scheduled for today was a noon lunch with Dr. Michael Hudson. His tour of the country is being sponsored by Prosper Australia and tonight at the Melbourne Town Hall at 6:30 Dr. Hudson and Dr. Steve Keen will be “lifting the lid on the GFC.”
October 14th, 2009 | Dan Denning | 17 comments | Continued
