US company earnings continue to falter, and the gap between actual and expected earnings continues to grow.
I like to use Fortescue’s [ASX:FMG] share price as a barometer for the iron ore market. And as you can see in the chart below…right now it’s doing well.
Over the last week, BT Investment Management’s shares have ground 18% higher after dropping from $10.30 to $7.50 (around 27%) in just three days.
If you want to manage your money independently, and provide for you and your family, you need to learn how to discern your truth from the ‘market’ truth.
There would be no such thing as mounting the curb and mowing down innocent people. Driverless vehicles would simply not allow it.
US stocks aren’t trading at a record because the US economy is booming, or because it has recovered from the recession. The same goes for the Aussie market.
In comparison to Western economies, which are loaded with unsustainable public debt, China’s debt problem is on the private side.
While the credit rating directly affects the cost of borrowing, it’s important to remember that it’s not something that happens very often.
With a catastrophic financial meltdown looming — possibly the greatest of all time —the US dollar is going much higher.
There’s a one in three chance that Australia’s credit rating could lower within the next two years. But will this adversely affect our country in any noticeable way?