‘Of course, before we get to that, let’s take a look at the one sector you absolutely do not want to be in a moment longer…’ I wrote back in mid-March. When I wrote that the Aussie market was down 33%. We swung from headline to headline. News came thick and fast. That was a […]
Don’t Believe the Happy Talk: The Economy Will Not Recover Quickly
Getting back to business… Things return to normal… Back to where we were… Australia is beginning to wake from its economic slumber. The headlines I read seem to focus on how quickly we can return to what was. The thing is, that might not be possible. The problem with this idea of getting back to […]
This Time IS Different: History Won’t Help Us Understand the Crash
They’re often called the four most expensive words in history. This time is different. Often, you’ll see those words alongside some story justifying why stocks have diverged from the fundamentals. Right now, many analysts are reverting to the most recent market crash and using that to explain what will happen with our current market crash. […]
Is the Reserve Bank of Australia Just Telling Us Bedtime Stories?
Toilet paper and booze. Australians have saved the economy…at least in March. Turns out, by buying enough toilet paper for the next five years, and stockpiling a pirate’s currency of choice, we’ve managed to keep the retail data strong in March. What about April though? When we were all shuttered indoors… Well, I suspect it […]
Playing in the Riskiest Market of All: The Corporate Bond Market in China
A ‘haven’ — the Financial Times called it. ‘Safe harbour’ wrote Asia Times Financial. Since the markets have taken a tumble, bond investors have ‘swarmed’ into certain Chinese investments. With some US$20 billion finding its way into the corporate bond market in the Middle Kingdom. So much money has flowed so quickly East, that financial […]
Big Problems Forming in the Middle Kingdom
Most of us are busy counting virus numbers and chewing on headlines that give us clues on when we will get more and more freedoms back. Don’t get me wrong, while these are really important…constantly seeing the same headlines means we are missing important movements in the background. Just last week I wrote there are […]
Much Trouble in China: Say Goodbye to International Transparency
Numbers go up, people cheer. It doesn’t seem to matter how bad the economic climate gets, as long as there’s a positive number in the data, markets see a rally. Overnight a bunch of data rolled out of China, and the US market rallied. Then Australia woke up, and our market joined in on the […]
Could This Unleash the Biggest Credit Bubble in History?
Sometimes to know what’s going on, you’ve got to ditch the papers and talk to the people in the industry. Back in the first week of April — a time that feels like another decade ago — I reckon I spent about 40 hours on the phone talking to people in the gold mining sector. […]
What Does the Fukushima Disaster Have in Common with COVID-19?
What does the Fukushima Daiichi nuclear disaster from 2011 have in common with the global pandemic currently unfolding? More than you think, according to Jim Rickards. Today, Jim explains what the two have in common, and how it’s almost impossible for the stock market to ‘price’ coronavirus events when they keep evolving. Read on for […]
Global Push to Eradicate Cash
Cash is not a crime. Yet we have a government in power that is pushing that very agenda — to limit cash transactions. And the media makes a mockery of anyone who disagrees with that view. It’s not us, it’s you. That’s the rhetoric I’ve been reading in the mainstream rags for the past couple […]
