Can Australia’s currency continue its rampage while exporters burn? The currency wars have been going on quietly here at home for some time now. And going by the state of our exporters, we’re losing.
February 4th, 2012 | Nickolai Hubble | 3 comments | ContinuedAll Posts Tagged With: "U.S. dollar"
A Question of Currency: Should Australians Invest in the Fourth Reich?
The first thing to think about, if you’re a foreign investor in another region, is currencies. Well, it may not quite be the first thing, but keep in mind: movements in currencies can make or break investment returns.
January 30th, 2012 | Nickolai Hubble | 0 comments | Continued
Currency Wars
The currency wars are heating up. On Wednesday, Federal Reserve boss Ben Bernanke promised speculators he would keep interest rates low until 2014.
January 27th, 2012 | Greg Canavan | 1 comment | Continued
The War Against the Euro
The Americans are trying to discredit the euro in order to perpetuate dollar hegemony, so goes the argument. Hmm. It’s possible. It’s also possible that all central bankers and monetary policy makers are singing from the same hymnal. Their answer to the end of the credit bubble is to try and pump it back up with currency debasement. In that case, this is a war of all against all.
January 18th, 2012 | Dan Denning | 5 comments | Continued
The Next Bubble in China’s Economy
We’ve battled this argument before, so we apologise if we repeat ourselves. But it needs to be said because the mainstream media continues to talk gibberish about China’s economy. This is the argument: a falling inflation rate in China allows the authorities to ease monetary policy to avert a hard landing.
January 13th, 2012 | Greg Canavan | 4 comments | Continued
Alan Greenspan and the Arithmetic of a Revolution
Hey… That rascal, Alan Greenspan, is back in the newspapers. And this time he has something sensible to say.
January 6th, 2012 | Bill Bonner | 7 comments | Continued
Gold Down 5 Per Cent: Thank You Mr Market!
‘But…but…I thought gold was a safe haven…’
If you’re having thoughts like that after gold’s horror $115 slide over the last 30 days… relax. Gold is, was and always will be a safe haven.
December 15th, 2011 | Greg Canavan | 1 comment | Continued
Energy, Resources and Real Asset Investing
Basic economics of scarcity, supply and demand, and investment demand won’t be less important in supporting commodities. But in a world of collapsing financial asset values, tangible assets are about to become the hotly contested objects of a great global strategic game.
December 9th, 2011 | Dan Denning | 1 comment | Continued
It’s The Only Play Central Banks Know
The credit cycle has turned. The world is in a deleveraging phase. But central banks are still trying to reverse the process and provide more credit to households and businesses? They really only have one play in the playbook.
December 1st, 2011 | Greg Canavan | 0 comments | Continued
The US Economy’s Bread and Circuses
When it comes to the US Economy, there aren’t so many questions. Nobody doubts the full faith and credit of the US government. Not yet anyway. And nobody doubts the Fed will backstop America’s public debt…by printing as much money as it needs to.
November 21st, 2011 | Bill Bonner | 0 comments | Continued
One Less Safe-haven Currency Class for Global Investors
–That smooching sound you hear is the sound of Australian investors planting a big fat kiss on the bald head of RBA Governor, Glenn Stevens. Stevens has no plans to raise interest rates anytime soon in Australia. He said as much in remarks yesterday. Despite a hell-storm brewing in Europe, Aussie stocks have opened the day up almost two per cent.
–What did the money-price fixer have to say?
September 7th, 2011 | Dan Denning | 1 comment | Continued
The Fear
And just like that “the fear” is back. “The fear” is that the lazy month of August in the Northern Hemisphere might be good for your tan, but it’s not going to do anything for you have a lot of money to repay and no way to repay. That goes for sovereign debtors in Europe and homeowners in America alike. Dawes called it. Dawes, as some of his readers refer to Slipstream Trader Murray Dawes sent out two alerts yesterday that amounted to single-stock plays on a falling market.
August 12th, 2010 | Dan Denning | 8 comments | Continued
Merger and Acquisition Activity in Coal, Iron Ore and Gold
That brings us to the merger and acquisition activity in Australia. You may have seen that gold producer Lihir received a $9.2 billion takeover offer from Newcrest over night. Lihir says the offer undervalues the company’s assets. But whether it does or doesn’t, does the bid remind you at all of the BHP and Rio Tinto shenanigans a few years ago?
April 1st, 2010 | Dan Denning | 2 comments | Continued
More Likely to Beat Inflation in Stocks than Cash
This is not a value-based argument. But it IS an argument for why nominal gains in stock markets are not inconsistent with rampant or even hyper inflation. We’re not saying that’s what’s going on right now. And of course, in our one-two Big Crash dance card, asset deflation precedes the Melt Up.
March 23rd, 2010 | Dan Denning | 4 comments | Continued
China’s Economy is the Greatest Bubble on Earth
But is there really going to be a round two? Well, if the first incorrect assumption was that Australia didn’t have a bad debt problem, the second assumption is probably even more dangerous. It’s more dangerous because it’s the single most unexamined assumption behind much of Australia’s economic prosperity. The assumption is that we’ll always have China.
March 18th, 2010 | Dan Denning | 30 comments | Continued
