The politicos in Washington regard Carter as a failure. Yet, to us, he is still a hero. He was the only presidential candidate your editor ever voted for.
February 18th, 2010 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "stock market"
What Happens to Market and Economy When Boomers Begin Consuming their Retirement Incomes?
The burden of today’s Daily Reckoning is to figure out what’s going to happen when Australia’s millions of baby boomers retire. From the looks of it, the stock market will crash, government finances will be stressed, and the economy is going to slow. None of that sounds very promising.
February 2nd, 2010 | Dan Denning | 27 comments | Continued
Aussie Stocks on Tenterhooks and RBA to Decide on Interest Rates Increase
Meanwhile, conflicting data is coming out of the housing market. Imagine that. Data from the Australian Finance Group shows that borrowing fell to a five-year low in December. AFG reported a 19% fall in mortgage activity. It was the lowest figure in any one month since 2005. And according to AFG’s data, first home buyers as a percentage of new mortgages fell by half from the same time last year.
February 1st, 2010 | Dan Denning | 47 comments | Continued
Does the Stock Market Know Something We Don’t?
According to theory, the markets know more than any single investor, analyst or economist. In theory, the markets know everything there is to know.
January 21st, 2010 | Bill Bonner | 1 comment | Continued
Mr. Market Never Gets a Say on Government Jobs
Washington, DC is full of government bureaucrats who earn 30% to 50% more than people in the private sector. In the private sector Mr. Market puts his thumb up or his thumb down.
January 15th, 2010 | Bill Bonner | 0 comments | Continued
A Time to Liquidate Your Entire Share Portfolio
“The median local share fund surged 39.5 per cent last year, outperforming the 37.6 per cent rally recorded by the S&P/ASX 300 Index in calendar 2009, according to figures compiled by Mercer, an investment consultant,” reports Eric Johnston in today’s Age. But why would you sell just when things are getting good?
January 15th, 2010 | Dan Denning | 16 comments | Continued
Fred C. Kelly Declares the Crowd is Always Wrong
Kelly wrote this in a little 1930 book titled Why You Win or Lose: the Psychology of Speculation. We’ll see what Kelly meant below.
December 23rd, 2009 | Chris Mayer | 2 comments | Continued
Equity Asset Allocation and Portfolio Rebalancing Left Out of Superannuation Review
Leaving these issues out of a discussion of super is like leaving out nutrition and exercise out of a diet plan. In other words, it’s no plan at all.
December 15th, 2009 | Dan Denning | 0 comments | Continued
You Can Lead Investors to Liquidity but You Can’t Make Them Buy Stocks
Our version of this Christmas story is that a long-term bear market began in 2000. This was the fall-out from the dot.com boom and the end of an 18-year bull market in stocks that had begun in 1982. Left to its own devices, the market would have declined to more reasonable valuations and companies would have sorted out real ways to grow earnings.
December 14th, 2009 | Dan Denning | 2 comments | Continued
Gold Market Was Looking for an Excuse for a Breather
Most likely, the gold market was looking for an excuse for a breather. It’s been up in 20 of the last 22 trading sessions. As we kept saying, it was ready for a rest.
December 8th, 2009 | Bill Bonner | 2 comments | Continued
Chinese Government Expected to Sign Off on Second Stimulus Package
Chinese bank lending and credit growth is already through the roof. Last year’s $685 billion stimulus program sent fixed asset investment in China much higher. It was, by most accounts, hugely supportive of resource prices, and thus most welcome in Australian resource circles.
December 4th, 2009 | Dan Denning | 8 comments | Continued
Stock Market Should Never Have Been Rallying in First Place
The economy still stinks, they say, and it is showing no signs of recovering. In fact, a close look at the housing market tells you all you need to know about the economy…
November 24th, 2009 | Eric J. Fry | 5 comments | Continued
Most Commodities Are in a Bull Market Today
I’m a commodity trader…but that doesn’t mean I always expect commodity prices to go UP. In fact, a lot of times you’ve got to bet AGAINST commodities…
November 19th, 2009 | Alan Knuckman | 2 comments | Continued
Japan and its Economy Did Not Have Secret to Everlasting Success
Let’s see, in the 1980s Japan’s corporate leaders thought they were going to take over the world. Investors thought so too. They expanded. They wheeled. They dealed. Prices shot up and they all thought they were geniuses.
November 13th, 2009 | Bill Bonner | 13 comments | Continued
A Look at Debt and Super
But despite that warning, and despite debt far in excess of their incomes, Aussies are STILL spending money like it’s going out of fashion.
November 11th, 2009 | Kris Sayce | 4 comments | Continued
