Faith in the competency of central banks should have ended when this statement was proven to be completely and utterly wrong: ‘We do not expect significant spillovers from the subprime market to the rest of the economy.’ Chairman Ben Bernanke, US Federal Reserve, May 2007 Those who trusted Bernanke (the most powerful banker in the […]
And as company after company lines up to release its accounts, investors are confronted with the perennial question — profit or cash? More specifically, when analysing a firm’s performance, what’s more important as a metric — a firm’s reported profit or its cash flows?
Last week, the TV news reported that President Biden signed what is officially called the Inflation Reduction Act
ompany results are coming in thick and fast now. We’re in for a monster week. You might end up with the same conclusion as me: the Australian economy isn’t as bad as the mainstream press make it out to be.
‘He was going to live forever. Or die in the attempt.’ Joseph Heller, Catch-22 Well, the consensus is clear… This stock market rally is about to fizzle out. If you believe the experts on Bloomberg TV, that is. I caught an episode of the ‘Opening Bell’ segment on Friday morning while on the treadmill at […]
‘The entire world has changed since February’, Santos’ CEO told The Australian. It was a reference to changing his mind about developing an oil project in Alaska. But what if he’s right about far more?
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