Australia’s future is inextricably linked to China and the commodity “super boom”. Australian economic prospects remain vulnerable to international developments outside its control.
February 9th, 2012 | The Daily Reckoning | 2 comments | ContinuedAll Posts Tagged With: "rba"
Stock Market Hindsight Versus Market Foresight
Occasionally we receive comments along the lines of ‘you try to push the market lower’ or ‘talk the market down’. Some mistake our realism for grumpiness. Or assume we just don’t like it when the stock market goes up. While flattering, we must admit we have no control over the stock market whatsoever.
February 9th, 2012 | The Daily Reckoning | 0 comments | Continued
Why Australian Banks Make Lousy Investments Right Now
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 | Continued
What the RBA Index of Commodity Prices Doesn’t Tell You
A whole sector of the commodities complex that’s in a long-term bull market isn’t measured by the RBA’s commodity prices index. Do you realise what this means?
February 7th, 2012 | Dan Denning | 0 comments | Continued
The First Casualty of the Currency Wars
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 | Continued
Currency Wars
The currency wars are heating up. On Wednesday, Federal Reserve boss Ben Bernanke promised speculators he would keep interest rates low until 2014.
January 27th, 2012 | Greg Canavan | 1 comment | Continued
The Downside of a Strong Australian Dollar in the New Brand of Capitalism
The strong Australian dollar makes some export industries chronically uncompetitive. Not only does this make them bad investments, it damages their ability to remain a going concern.
January 24th, 2012 | Dan Denning | 4 comments | Continued
How Australia’s Terms of Trade is Riding the Dragon
Today’s terms of trade boom exceeds anything Australia has seen in previous booms. The wool booms in the 1920s and the 1950s – both war related – helped Australia ride the sheep’s back to prosperity. This time, Australia is riding the Dragon’s back to prosperity.
January 23rd, 2012 | Dan Denning | 6 comments | Continued
Australia Forgets the Little People
How about that? Contrary to our gloomy disposition yesterday, the stock market has taken off like a rocket this morning. The material sector is up 2.9% today alone. It was the worst performing sector in Australia on the ASX in 2011, down 25% thanks to lower commodity prices.
January 4th, 2012 | Dan Denning | 7 comments | Continued
6 Things Governments Might Do To You This Christmas
The break over Christmas is a pretty convenient time for politicians to spring something unexpected on you. Well, unexpected for those who don’t read the Daily Reckoning, that is.
So here is a list of things the governments of the world might unleash on you and your portfolio over the holidays:
December 24th, 2011 | Nickolai Hubble | 7 comments | Continued
Shadow Banking and The Golden Pyramid
Yesterday in our article about gold’s price going down we discussed gold and the shadow banking system. Today we’ll explain how it all fits together and what it means for the markets and your investments.
December 16th, 2011 | Greg Canavan | 2 comments | Continued
Why Europe’s Fiscal Integration Still Spells Financial Doom
Financial markets will tell you whether private investors believe greater “fiscal integration” is the long-term answer to Europe’s debt problem. We can save you the trouble and tell you the answer now: Europe is still doomed.
December 12th, 2011 | Dan Denning | 5 comments | Continued
Is Australia’s Economy Decoupled From the Rest of the World?
The world’s best economy, with the world’s best banks, run by the world’s best treasurer, just posted a world-beating economic growth rate of 1 per cent for the three months to September. The Australian economy is, apparently, on fire, growing at an annual rate of nearly 5 per cent over the past six months.
This raises a few questions…
December 8th, 2011 | Greg Canavan | 2 comments | Continued
CLF – The RBA’s Pre-emptive Bank Bailout
The RBA has announced how the CLF – a kind of pre-emptive bank bailout would work.
Of course… they won’t call it that.
November 29th, 2011 | Dan Denning | 6 comments | Continued
Australian Government Bond Yields Fall
Australian government bond yields are under four per cent, and headed in the complete opposite direction of bond yields in Europe.
There are two important aspects to this story…
November 28th, 2011 | Dan Denning | 0 comments | Continued
