Still, our friend Peter Cooper recalls a time in his own family history when Dubai was nothing but a backwater of the British Empire, a port full of smugglers, nomads and thieves.
October 14th, 2009 | Addison Wiggin | 6 comments | ContinuedAll Posts Tagged With: "trade"
Americans Aren’t Borrowing Or Buying
This is the story we’ve been telling here at The Daily Reckoning for two years. Americans have to cut back. They are out of time and out of money.
October 13th, 2009 | Bill Bonner | 1 comment | Continued
Qatar Relies on Natural Gas Reserves While Dubai Leans on Trade and Finance
Qatar is a red-hot economy. Last year it grew around 18% and this year it ought to grow another 16%. We saw the headlines in the Gulf Times in the lounge while waiting for our transfer to Dubai.
October 8th, 2009 | Chris Mayer | 1 comment | Continued
How to Setup a Stop Loss for Your Trade
The simple truth is that without a clear idea regarding how to set a stop loss, you are sacrificing your future. A stop loss tells you when to jump ship, and get out of your trade. I’m sure you know this – but have you really applied it? To join the elite inner circle of outrageously successful traders, your first aim must be capital preservation… And this can only be achieved by setting a stop. Read on…
May 4th, 2009 | Louise Bedford | 10 comments | Continued
Terms of Trade Driving Runaway Australian Inflation
“Terms of trade” is one of those terms of the trade that gets throw around by economists all the time. But what does it mean? The simple definition is this: it’s the ratio between export prices to import prices. If you get more for what you sell and pay less for what you buy, your terms of trade improve. And guess what people? Thanks to this particular moment in history, Australia gets a lot more for what it sells and pays a lot less for what it buys (except for crude oil).
April 18th, 2008 | Dan Denning | 9 comments | Continued
Australian Trade Deficit Grows for 75th Consecutive Month
The Australian Bureau of Statistics reported that the February trade deficit blew out by 30%, from a revised $2.59 billion in January to $3.29 billion in February. Exports fell by 4%, or about $18.2 billion in the month. The big laggards were metal ores, minerals, and coal. There is a simple explanation for Australia’s trade deficit: the country really doesn’t make much. How else can you explain something that’s been a regular feature of the economic landscape for the past 75 months?
April 8th, 2008 | Dan Denning | 1 comment | Continued