Let’s also assume that the government cannot borrow its way to larger stimulus payments. With lower spending forecast for government, businesses, and households, you begin to wonder if Australia’s economy has a home grown engine, or if it will rely on something else, or someone else beyond the borders.
July 30th, 2009 | Dan Denning | 9 comments | ContinuedAll Posts Tagged With: "reserve bank"
Australia Might Avoid the Technical Definition of Recession
You’ll recall that the Aussie economy did contract by half of one percentage point in the fourth quarter. That was pretty mild compared to the 6.2% contraction in the U.S. But if the trade-supported Q1 GDP figures can eke out a gain (“positive growth”), well then Australia will join the odd couple of Poland and South Korea…
June 3rd, 2009 | Dan Denning | 2 comments | Continued
Is China Trying to Back its Currency With Metal?
A smattering of articles in recent weeks has highlighted the stockpiling of metals by the China State Reserves Bureau. The Bureau scarfed up 329,000 tonnes of copper in February and 375,000 tonnes in March.
April 22nd, 2009 | Dan Denning | 13 comments | Continued
Perhaps This Recession Will Be One for the Ages After All
In today’s Daily Reckoning, we’ll review the contradictory claims. We’ll also tell you what Alan Greenspan whispered in our ear the other night about gold, inflation, and the bond market. And we’ll ask more stupid questions about government.
April 16th, 2009 | Dan Denning | 13 comments | Continued
U.S. Stocks Concentrate on Present Bond Market Data
Maybe investors were relieved that the auction of US$24 billion in seven-year notes went off without a hitch. It’s always good to know your creditors haven’t cut you off yet-especially when you need to borrow another $2 trillion. It’s no wonder the Dow rallied 174 points and the NASDAQ climbed into positive territory for the year.
March 27th, 2009 | Dan Denning | 2 comments | Continued
Geithner and His Toxic Asset Bailout Plan
Here we go again. Maybe this will be the week that historians look back on and say, “That’s when it all started to get better. Geithner came out with his toxic asset bailout plan. China stimulated. Stock markets bottomed. The crisis ended and the world got better and better forever and ever.”
March 23rd, 2009 | Dan Denning | 5 comments | Continued
Opes Causing Strife in the Share Market
Opes Prime, the Melbourne-based broker currently causing so much strife in the share market. The company was in the “equity financing and securities lending” business. On the retail end, Opes was basically a margin lender to clients, only instead of posting cash as collateral against the loan, the client puts up his entire portfolio as collateral.
March 31st, 2008 | Dan Denning | 3 comments | Continued
