Pop Goes the Everything Bubble
This may be the toughest time to be an investor in the history of modern financial markets. It’s a perfect storm of stagflation and a popping everything bubble at the same time.
Let Them Eat Cash…or Wipe Their Bums With It
Let Them Eat Cash…or Wipe Their Bums With It
Would you believe it? Printing copious amounts of cash doesn’t solve everything after all!
Even the Banks Are Afraid of Higher Interest Rates
Even the Banks Are Afraid of Higher Interest Rates
Last weekend we looked into the return of the two-speed economy. But Australia isn’t just dominated by commodities and energy. We’re also the property punters of the world, with the oversized banking sector to match.
Recession or Peace in Ukraine, Oil Is Stuffed Either Way
Recession or Peace in Ukraine, Oil Is Stuffed Either Way
Despite the Green New Deal in the US and Europe and central banks’ focus on climate change, old-school energy stocks have been the standout performers over the past few months. While the Dow Jones Industrial Average Index broke records with seven straight weekly declines, the oil price held up and oil stocks did well as a result.
Central Banks Go from Saviours to Saboteurs
Central Banks Go from Saviours to Saboteurs
‘From historic opportunity to historic cock-up’, is how The Australian described it. But that was back in April — a lifetime ago when it comes to cataloguing the nincompoopery unleashed by central bankers worldwide. We’ve moved on since then. From historic cock-up to complete monetary mayhem. The historic opportunity referred to was the government and […]
The First of Many Federal Reserve Flinches
The First of Many Federal Reserve Flinches
You might think that a whopping 0.5% interest rate hike from the Federal Reserve would trigger carnage in an overleveraged economy.
Australia’s Jingle Mail Tsunami Will Swamp the Banks, Not the Borrowers
Australia’s Jingle Mail Tsunami Will Swamp the Banks, Not the Borrowers
You might think the prospect of Australia’s housing bubble finally popping is bad. But just wait till you hear about the jingle mail tsunami coming for our banks.
The Bond Market Crash Nobody Sees Coming
The Bond Market Crash Nobody Sees Coming
Over the past six months, the global bond market has crashed in spectacular fashion, wiping out trillions of dollars in value from supposedly ‘safe’ investments. We predicted this would happen in The Daily Reckoning Australia Weekend on 18 September 2021 and explained why it’d happen too. Today, it’s time to review, determine what happens next, and explain why the crash […]
Tighter Monetary Policy Is What’s Transitory
Tighter Monetary Policy Is What’s Transitory
Once again, Australia is proving to be the lucky country. While the rest of the world is caught up in an inflationary nightmare, prices Down Under are merely uncomfortable.
Australia’s Commodity Curse and Property Paper Wealth Are a Dangerous Combination
Australia’s Commodity Curse and Property Paper Wealth Are a Dangerous Combination
Australia’s ‘houses and holes’ economy is what Satyajit Das called it in the Financial Times. He’s worried about how over-reliant Australia is on its two big sources of wealth — commodities and property.
