by Kris Sayce on February 8, 2010
The message from China seems to be, “Forget the coal seam gas, just give us the coal!”
Clive Palmer’s $70 billion deal with supply coal for 20 years to China Power International Development is a massive boost for the Australian resources sector.
If it ever comes to fruition.
Look, it wouldn’t be the first time a multi-billionaire deal was announced with a fanfare of trumpets only to quietly fade away as the proposed deal never gets off the ground.
However, the thing in its favour is that it’s a simple buy and sell arrangement. We’re not talking about complicated foreign ownership deals that need approval from shareholders and the Foreign Investment Review Board (FIRB).
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by Kris Sayce on November 27, 2009
What a night on the markets. The London Stock Exchange goes “down” for three hours due to a technical glitch, and once trading resumed it finished the day “down” more than 3%.
Ouch!
On top of that Dubai kindly let everyone know that it’s in a spot of bother. You can imagine the conversation:
“Er, you know all that cash we borrowed to build those fancy pants buildings, well, there’s a glitch, ha, ha, ha. Any chance of extending the repayment deadline? We’re still good for it Guv, honest!”
And the Aussie market is taking a pasting this morning too. All I can say is I’m glad we recently recommended to Australian Small Cap Investigator and Australian Wealth Gameplan subscribers that they start using trailing stop orders.
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by Kris Sayce on November 11, 2009
Over the next few weeks your editor is going back to school.
That will be in between digging up research for Australian Wealth Gameplan and Australian Small Cap Investigator.
Of course, it won’t be a proper school. There won’t be any teachers, there won’t be a classroom, and there definitely won’t be a blackboard.
In fact, your editor will be the only student.
So, what will we study?
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by Kris Sayce on November 10, 2009
We’re not going to write about Goldman Sachs today.
Honestly.
OK, just a little bit then.
How could we possibly pass up the opportunity, after reading the Sunday Times interview with Goldman Sachs CEO Lloyd Blankfein.
His most quoted comment has been that he’s a banker “doing God’s work.”
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by Kris Sayce on November 4, 2009
“THE good news is that the American Recovery and Reinvestment Act, aka the Obama stimulus plan, is working just about the way textbook macro-economics said it would. But that’s also the bad news – because the same textbook analysis says that the stimulus was far too small given the scale of America’s economic problems.”
That’s some mainstream economic analysis for you from economic public enemy number 1 – Paul Krugman…
Sorry, I should say, Nobel Prize winning economic public enemy number 1.
We’re not sure what textbooks he’s been reading, but if we were in favour of book burning – which we aren’t – then those textbooks would be the first we’d put on the bonfire.
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