Having lived through the collapse of the Irish property market & returning to Australia after 14 years in Europe I am alarmed that the same blinkered approach to housing and the obsession with home ownership & the use of the asset to purchase consumer items that I saw there is being repeated here.
April 14th, 2010 | Dan Denning | 50 comments | ContinuedAll Posts Tagged With: "reader mail"
Reader Mail on Housing, Australia, Industry and Family
We interrupt your regularly scheduled Daily Reckoning to bring you some views and comments from Daily Reckoning readers all over Australia. When we started the DR Australia in 2005 (your editor was in London at the time, but secured the services of one Kris Sayce) it was a letter without any readers…
March 31st, 2010 | Dan Denning | 29 comments | Continued
Comrade Conroy
Dear Dan,
I am replying to your email referring to the communications minister as “Comrade Conroy”. It saddens me to hear people using COLD WAR terminology to refer to anyone that they don’t agree with.
February 17th, 2010 | Dan Denning | 16 comments | Continued
Reader Mail Plus the Race for Arable Farm Land
Maybe we’re wrong. Maybe we’re right. But we’re certainly not in doubt: there is a race for scarce tangible resources (especially arable land) and we’re willing to bet a few Aussie companies can profit from that in the long term.
October 13th, 2009 | Dan Denning | 0 comments | Continued
Get a Life Loser
If things are as bad as you say then why isn’t gold already worth more than a lousy $1000usd? Get a life loser!
June 26th, 2009 | Dan Denning | 21 comments | Continued
A Pivot Point
It’s at a turning point right now. One thing your editor has learned in the last eleven years of daily market observation is that when public sentiment reaches a point of maximum anxiety, it breaks like a wave crashing on the rocks. This is not as bad as it sounds. What we mean is that though the general trend of the market is obvious-lower stock prices on a weak economy and a confused policy response to the crisis-you will often be surprised at when the rallies come and how high they go…
February 11th, 2009 | Dan Denning | 12 comments | Continued
The Money Multiplier Goes to Work
Giving people who don’t pay a lot in taxes even more money is even more popular. So in that sense, the arrival of thousands of dollars in government cash to various Aussie households will ‘work’ in the sense that it distracts people from the ongoing disaster that is the world financial crisis. “Look honey! Free bread. Let’s go to the circus!” Please note that shuffling a bit of cash around will not lessen a national debt-to-GDP ratio of around 140%. Nor does it do much to create long-term jobs…
February 4th, 2009 | Dan Denning | 18 comments | Continued
How to Prepare for the Coming Devaluation
Well, yesterday the government said the fall in revenues from the global black swan dive will lead to a $115 billion decline in government tax takings (what the government likes to call revenue). That’s a pretty big hole in the budget. It suggests that we’ve entered an era of regular government budget deficits and, if the RBA holds to form, lower interest rates. These lower rates, and not just in Australia mind you, represent the coming devaluation of paper money against real goods…
February 3rd, 2009 | Dan Denning | 20 comments | Continued
All Roads Lead to Zimbabwe
How exactly more credit and a cash binge will support asset values escapes us. But it’s possible that Australia is now in lock-step with every other central bank and government in the world, and that all monetary roads lead to Zimbabwe, where a brave but brittle paper currency has gone to its god like a soldier, to paraphrase Rudyard Kipling. Rest in peace, Zimbabwe dollar. Robert Mugabe and Gideon Gono have blown out your brains and gutted the Zimbabwe economy…
January 30th, 2009 | Dan Denning | 2 comments | Continued
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
Mail From Our Dear Readers
Today’s Daily Reckoning is brought to you by your fellow readers. That is, your editor has been busy putting the finishing touches on the January issue of Diggers and Drillers. In the meantime, you can read some of the wit and wisdom of the DR Australia’s world-wide fan base. Happy Australia Day and see you Monday!…
January 23rd, 2009 | Dan Denning | 2 comments | Continued
Reader Mail: Predicting a ‘Super Bubble’ in Gold
The DR inbox today was full of letters from readers concerned about our mental and spiritual health. It caught us a bit off guard. So we’ll turn today’s letter over to you…
November 28th, 2008 | Dan Denning | 2 comments | Continued
A Tale of Mining Woe
“Rio could easily fall $20 today after BHP canned its takeover bid. But that’s not what investors should take from this. It’s a sign of the times. The mining industry has come to the point where everyone is putting the blinders on. Diggers are focusing on making their own businesses as good as they can. Even the biggest players of all – BHP and Rio.” “To be honest,” the Bard of Bendigo continued…
November 26th, 2008 | Dan Denning | 7 comments | Continued
Reader Mail: Is the DR Contradictory? Are We Hustlers?
This in reference to yesterday’s DR e-mail about Kris Sayce’s top 5 small-cap rebound stocks for 2009…
October 31st, 2008 | Dan Denning | 6 comments | Continued
Reader Mail: Oil, Energy, Growth, Future of the Planet and More
Dear Dan, Your answer (June 7) to the subscriber who questioned the need for rampant growth, is just appalling and quite mad.
July 9th, 2008 | The Daily Reckoning | 0 comments | Continued
