Everyone believes the gold market has reversed direction. The bull market of the last 14 years has finally ended. It’s all downhill from here, they say.
Australia doesn’t have enough private savings to bid for many of these large assets, so there were always going to be foreign investors in the mix.
–All-time highs in the US again overnight! –Only this time, the major exchanges acted in unison. The Dow, the S&P 500 and the NASDAQ hit all-time highs together for the first time since 1999. –Nothing major happened to send the…
Things have changed. Australia is no longer an economic miracle. Here’s the giveaway that the Aussie economy is in more than a spot of bother.
The Reserve Bank’s ability to create inflation is akin to a power to tax. After all, inflation reduces our purchasing power just like tax. The Reserve Bank’s legislation should be updated to set out how much inflation the government and parliament expects.
What we are witnessing in the US and Europe is the tip of the ‘social and political revolution iceberg’. When people lose jobs, money and hope, the social mood darkens.
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.
It seems Tesla’s ambition outweighs their talent. Trying to become a genuine mass market car maker is a stretch too far.
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.