by Kris Sayce on November 2, 2009
Before I get on to today’s topic, Australia’s most dangerous man hit the headlines again on Friday.
And like every megalomaniacal madman, there’s always a mum stood behind them.
Last Friday’s Australian Financial Review (AFR) contained the headline, “How Henry’s mother saved the economy.”
It retold the story how our hero, Treasury Secretary Ken Henry’s mum asked Ken if she should take all her cash out of the bank when markets started to meltdown late last year.
Rather than give you the answer, see if you can guess how Emperor Ken responded.
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by Kris Sayce on September 1, 2009
Is this the morning after? Or Boxing Day? Or even the day after your birthday?
Well, if the stimulus programmes were the night out on the… town, Christmas Day and your birthday all rolled into one, then there is always going to be a big let down the day after.
Could this be it? Has the stimulus finally run its course?
Well, let’s take a look. But first a brief follow-up to the property saga.
We don’t think the Money Morning mailbag has ever seen as much action as it has over the last week or so.
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by Gabriel Andre on August 5, 2009
The Aussie Dollar (AUD/USD) just reached a 10-month high as the currency pair climbed above 0.8450. It has retraced a large part of the plunge occurred last year, when it fell by 39% in just 3 months, which is absolutely huge on the FX markets.
The extreme points of this large decline are points A and B on the weekly chart…
Aussie dollar poised to correct
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by Kris Sayce on June 3, 2009
Before I get on to the US dollar, a quick note about today’s GDP number. It won’t be released until after today’s Money Morning has been delivered to your inbox, so we’ll reserve most of our comments until tomorrow.
However, we will state one thing. Based on the trade figures yesterday, it provides proof that artificial stimuli don’t benefit the economy at all.
In fact, it is more likely that if it wasn’t for the stimulus packages, the trade figures would have been even better, and Australia would not have been at risk of going into a recession at all…
More on that tomorrow.
Well, the US dollar is trading around the support level that Gabriel mentioned in yesterday’s Money Morning. That was based on the weighted US Dollar Index.
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by Kris Sayce on June 2, 2009
The Money Morning Mailbag is bursting at the seams this morning. And your editor’s pea-brain is equally overloaded with ideas…
Yield curves, Superannuation – Mercer research, House rental yields, Deleveraging, Today’s RBA Cash Rate decision, Tomorrow’s Aussie GDP numbers, the United Nations’ World Economy Report, New consumer credit laws, Gold , Aussie dollar and GM/Holden.
But this morning we’ll ignore all of those because…
The Bull Market is Back!
Ok, we’ll qualify that. The market thinks the bull market is back, and therefore you’d be completely mad to stand in the way of it.
As subscribers to Australian Small Cap Investigator would attest, despite the market’s recent aversion to risk, we’ve continued to search for cheap-as-chips value and growth plays at the small end of town.
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