Do you think maybe Dr. Bernanke is just trying to talk his book too? After all, the U.S. Treasury has heaps of debt to sell this year (gross issuance over $3.25 trillion according to Goldman). If Dr. Bernanke makes adult sounds come out of his mouth, it might give people the impression the U.S. is returning to sobriety and fiscal sensibility.
June 5th, 2009 | Dan Denning | 4 comments | ContinuedAll Posts Tagged With: "rba"
Commodities Tell Us the World Won’t Stop Turning in a Financial Crisis
The Aussie gold price is fighting its way up despite the fact that the Aussie dollar keeps gaining on the greenback. While the Aussie gold price is up just $1.71 in the last 30 days (0.14%), the U.S. gold price is up nearly nine percent. We reckon the Aussie gold price will begin moving up closer to $1,500 again on a combination of events (weakness against the greenback for one.)
June 1st, 2009 | Dan Denning | 2 comments | Continued
Australia’s Currency and its Economy Will Benefit from China’s Stimulus Package
“Asia is still going to expand, and China and India will have growth above 5 percent. That’s fuelling demand for commodities, so Australia’s exports are holding up much better than the rest of the G-10 countries.”
Paresh was also referring to the 21% rise in the Aussie dollar versus the U.S. dollar since February 25th.
Embrace Inflation
How to Make a 979.2% Return in 43 Years… Embrace inflation, that’s how. In some newer dictionaries the term “Inflation” is beginning to be revised as a phenomenon of rising prices. But I prefer the traditional meaning where “Inflation is the Increase in the money supply”. I’m sad to say, the Keynesian economists and other money printers are in effect encouraging this change of the financial lexicon. If you read from the RBA’s mission statement you’ll read the expression “targeted inflation.”
May 25th, 2009 | Mark Thompson | 3 comments | Continued
RBA Hoping it Has Done Enough for Economy
For now, at least for this week, it sure does look like the appetite for risk is back. The U.S. dollar and Japanese Yen are weak, while commodity currencies like the Australian, New Zealand, and Canadian dollars are up. Bond prices are down, stocks are trending up, and even oil is creeping back over $50, looking to make a breakout.
May 6th, 2009 | Dan Denning | 5 comments | Continued
House Prices Down and Aussie Market Enters Second Wave of Rebound Rally
If you were drawing up a plan for your dream economic recovery, this is how you would draw it up. The weakness emerging in the Australian housing sector (the fastest decline in prices in six years) would be made up for by resurgent Chinese demand for Aussie resources, led by the first growth in China’s manufacturing sector in nine months.
May 5th, 2009 | Dan Denning | 6 comments | Continued
Property Market at “Inflection Point”
Investors refrain from taking long-term positions because there are so many known unknowns and even more unknown unknowns (although we conceded it is hard to put a number on the number of unknown unknowns, given their unknown nature, if you know what we’re saying).
April 8th, 2009 | Dan Denning | 1 comment | Continued
Is the Technical Rebound Over Already?
” Most of the market players who made quick and decent money during the past few weeks do not believe in a deep reversal trend on the markets,” Gabriel wrote. “They just took advantage of a technical rebound that already drove the S&P/ASX 200 twenty percent higher than the lows posted early March.
April 7th, 2009 | Dan Denning | 6 comments | Continued
The Economy Needs REAL Growth
But after seventeen years of economic growth in Australia, the market is trying not to grow. Unfortunately, the united efforts of the boffins in government, industry and pressure groups are trying to prevent this natural contraction in the market. And that’s a threat to one vital part of the economy – but I’ll get to that in a moment.
March 11th, 2009 | Kris Sayce | 2 comments | Continued
The Path Towards Rampant Inflation
And unfortunately, each idea leads us down the same path. It is the path towards rampant inflation. Many times in recent months I have written to Money Morning subscribers about the threat of inflation (you can read some of those thoughts in the essay below). Each time we write about it we think “That’s all there is to write about, policy makers couldn’t possibly make things worse.”
March 11th, 2009 | Kris Sayce | 2 comments | Continued