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.
With a catastrophic financial meltdown looming — possibly the greatest of all time —the US dollar is going much higher.
According to our resident property cycles guru, Phil Anderson, you shouldn’t worry about this too much. It’s not going to have an effect on the long term cycle.
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?
Legendary investor Jim Rogers says, ‘war isn’t great for much else but commodities’. For this reason, if you want to hedge your portfolio against war, buy resource stocks.
When markets ultimately collapse from the insiders’ manipulation, central bankers are going to go from being ‘deified’ to ‘vilified’. And rightly so.
OK Given that a large part of China’s wealth is trapped in unproductive investments, it doesn’t inspire confidence about China’s ‘rising middle class’ and ‘rising consumer society’.