- Money Morning Australia

Tag Archive | "Greek economy"

The Greeks Giving Economists Nightmares

Tags: , , , , , ,

The Greeks Giving Economists Nightmares

Posted on 05 November 2012 by Bill Bonner

We’ve been meaning to tell you why economists and policy makers were jackasses. We can’t remember what we intended, but this blank is easy to fill in.

Let’s begin by looking at an economic disaster area: Greece. It has a per-capita GDP of about $29,000 compared to nearly twice as much for the US. One out of four Greeks is unemployed. Half of young people are jobless. And the country is broke. Only the kindness of strangers in France and Germany keeps the lights on.

An economist would use a technical term to describe it – “basket case”.

Continue Reading

Comments Off

A Spanish Bail Out is Coming

Tags: , , , , , ,

A Spanish Bail Out is Coming

Posted on 24 September 2012 by MoneyMorning

Markets are getting edgy again.

The initial burst of euphoria over the latest bout of quantitative easing is starting to wear off. And investors are starting to get jittery about Europe again.

Why? Hasn’t Mario Draghi saved the eurozone?

Continue Reading

Comments Off

Buy After the Bubble Bursts

Tags: , , , , , ,

Buy After the Bubble Bursts

Posted on 17 September 2012 by MoneyMorning

Most economists will tell you that markets are always ‘efficient’. This means that current prices perfectly reflect all the information out there. It also means that unless you have some special knowledge that no one else is party to, you can’t beat them.

However, in the real world, that’s not how things work. While markets generally work well – or at least, better than any other system for allocating resources – they are sometimes prone to the same flaws and foibles as the humans who run them.

Continue Reading

Comments Off

What Does the Future Hold for the Greek Economy? …Ask the Argentinians

Tags: , , , , ,

What Does the Future Hold for the Greek Economy? …Ask the Argentinians

Posted on 23 February 2012 by MoneyMorning

The Greek debt crisis is on every front page. Behind many of the headlines is an assumption that a Greek default and exit from the euro would be an unprecedented, unthinkable disaster.

However, Athens’ problems are hardly unique. Little more than a decade ago, Argentina’s economy went through a similar process.

Continue Reading

Comments (8)

Why the Australian Economy is Much Weaker than the RBA Thinks

Tags: , , , , , , , , , ,

Why the Australian Economy is Much Weaker than the RBA Thinks

Posted on 22 February 2012 by Greg Canavan

Greece continues to dominate the news. Stock markets around the world are either up or down based on news flow out of the troubled country.

It’s now beyond absurdity. Officials continue to apply a band-aid to a gaping flesh wound expecting the flow of blood to stop. It won’t. Greece is bleeding heavily. The ‘troika’s’ austerity measures are not working. Recent data revealed that in the final quarter of 2011 the Greek economy contracted at 7 per cent annual rate. That makes the debt situation much worse.

Continue Reading

Comments (7)

Aussie Implications From a Greek Default

Tags: , , , , , , , ,

Aussie Implications From a Greek Default

Posted on 21 February 2012 by Dan Denning

It took awhile, but are the wheels finally coming off in Europe? Last year, I figured either a Greek default or an Italian default on government debt was a certainty. It didn’t happen. But it may happen this year. And it may happen soon. What should you do before it does?

Continue Reading

Comments (1)

Why Australia Should Take Note of Greece

Tags: , , , , , , , , , , ,

Why Australia Should Take Note of Greece

Posted on 15 February 2010 by Kris Sayce

We noticed with amusement Emperor Ken Henry’s statement that: “What people have called the global financial crisis, that has passed, I think it’s safe to say.”

It’s pretty easy to say that when you’re a career leach. Sorry, we mean public servant… No, actually, we do mean ‘leach’ after all.

On reading those words from Emperor Henry, it rather reminded us of this moment back in 2003:

“Major combat operations in Iraq have ended. In the battle of Iraq, the United States and our allies have prevailed… [Applause, whooping and hollering] And now our coalition is engaged in securing and reconstructing that country.”

Continue Reading

Comments (24)

How Money Morning Can Help You Can Become a Smarter, Better, Investor


Privacy Statement
We will collect and handle your personal information in accordance with our Privacy Policy.
You can cancel your subscription at any time

Diggers and Drillers

A 3-Point Plan to Re-Engage with the Aussie Mining Boom


This new video reveals a way for Aussie share investors like you to RE-ENGAGE with the next phase of the mining boom…while valuations are still dirt-cheap…


The plan centres round three specific stocks.


To find out what they are, click here.

Australian Small-Cap Investigator

The Australian wildcatter
exploring oil's 'final frontier'


The US Geological Survey says this area contains up to 71 billion barrels of oil.

Only a few explorers have secured licences to drill.

One of them is a daring little Aussie firm that begins drilling 'in early 2014'.

According to small-cap analysts Tim Dohrmann it's impossible to speculate just how high this one could go. Find out why here.

World War D

Couldn’t make it to our
‘War Summit’?


Don’t sweat it. Click here for the next best thing…


World War D was the most important meeting of minds of the decade so far. What came out of it will almost certainly force you to reshape your investment plan for the rest of the decade. There's no way to go back in time and get inside the Savoy Ballroom of the Grand Hyatt.

But you can do the next best thing…
to find out what it is, click here.

  • ^NDX3533.086+45.233 - +1.30%
  • ^FTSE6584.17+42.56 - +0.65%
  • ^AORD5432.500+19.900 - +0.37%
  • ^AXJO5439.900+19.600 - +0.36%
  • AUDUSD=X0.939
  • USDJPY=X102.065

Graphic Ad 1 – Blue Chip Stocks Report


Revolutionary Tech Investor

This report is about TECH MOON-SHOTS


Four of them, to be precise.


It's an early-days project. But one biotech aiming for the cancer moon-shot is already up - get this - 497.14% since tipped.


For four more tech moon-shots, click here.

Gowdie Family Wealth

WARNING:
The worst mistake you can make when handing wealth on to your kids


This brand new investor briefing shows you what your family’s in for if you don’t take care to leave your wealth to them in exactly the right way.


And it shows you precisely how to prevent infighting, recklessness and misunderstanding over money.


Read it here.

The Money For Life Letter

Holden. Toyota. Qantas. BUST


Do you really expect the share market to boom in times like these? That's why Nick Hubble says the best thing you can do right now is invest for safety and income.


This brand new video shows you how you can get predictable, reliable and rock solid cash flow no matter what happens in the wider economy.


You could lock in up to $20,000 a year - and that's just the start. See how here.



Sound Money. Sound Investments. [bullish prediction]

Greg Canavan's first bullish prediction in four years


Greg Canavan
doesn't make forecasts like this often.


When he does, it's because he’s found something that could make you money for years to come.


Read more here.

Is the Australian Housing Boom Really Back?

The Denning Report

2014 Predicted


Dan Denning accurately forecast 2013's flight from
bonds to stocks, the commodities crash and the
Aussie dollar top…to the exact week


In this brand new forecast report, he shares his
three critical predictions for 2014…

More Recommended Reading Below...

The Pursuit of Happiness & The Daily Reckoning

  • The Pursuit of Happiness
  • The Daily Reckoning Australia

Done properly, a retirement business can not only help fill a retiree’s time and replace their work [Read More...]

Free speech is no longer really a right at all. Governments, vested interests, and lobby groups are [Read More...]

Australian house prices are going to remain high. Perhaps finally, when the last baby boomer retires [Read More...]

Make sure that the changes you make to your financial plan are from a credible source. Otherwise the [Read More...]

It was day two of the World War D conference, and the final session was starting. We were closing th [Read More...]

In business, as in other things, we are being roughened up… and toughened up. We promised a grim acc [Read More...]

The worry is that the Russian and Ukrainian economies are suffering badly while politicians enjoy th [Read More...]

During good times, convertible notes behave like debt financing. But if there’s a bank crisis, the b [Read More...]

Pensions are going to balloon sooner or later as the baby boomer bulge retires. Raising the pension [Read More...]

Using the corporate policies of Porsche and the knowhow of the US Federal Reserve, the Australian Go [Read More...]