Adding further to the Aussie big four banks’ woes, global credit ratings agency Fitch Ratings downgraded the long-term issuer default rating of the four major banks. The ratings agency has maintained the rating outlook for the major Australian banks as negative…
Latest
COVID-19 Could End ‘Made in China’ as We Know It
There is an exodus in China. It dawned on producers that relying only on China is risky. If their supply chain is compromised — be it via a trade war or otherwise. Then the coronavirus (COVID-19) struck. An event that could be the nail in the coffin of China’s manufacturing supremacy…
Can the US Avoid a Technical Recession?
Day by day the numbers are becoming increasingly grim.
Right now the US is coming to grips with the pandemic. Although you wouldn’t know that by looking at the major indices.
A Glimmer of Hope as Stock Markets Surge: Is the Bottom Near?
Greg Canavan, often says that when you see markets rise on bad news, it’s a great sign the bottom is close. Remember the stock market lives in the future, not the present. I remain cautious about this overnight surge in the stock market…
The Bottom Is about to Fall out the Aussie Property Market. Here’s Why
The property market has been a one-way ticket to riches for most Australians. Not even the ferocity of the GFC in 2008 could put a halt to it And it cemented the belief that Aussie house prices only ever went one way — up. But as this amazing chart shows, we’ve been living a distorted reality for far too long…
Special Interview: Hear What Jim Rickards Has to Say Right Now
I have a unique weekend edition for you today.
Earlier in the week, there was a multi-country Skype call.
