In today’s Daily Reckoning Australia, it’s becoming ever more difficult to ignore the global sovereign debt crisis. Governments are just too far gone to get debt to GDP ratios back under control. They must either inflate away their borrowings, or default. Unless, of course, they use that other option from 300 years ago…
Fortescue is on track to meet the top end of its export target after reporting it’s ‘best ever’ half year.
In its latest earnings guidance update, Origin expects EBITDA to reach the range of $600 million to $730 million as natural gas and electricity profits increase.
In today’s Daily Reckoning Australia, it seems like fears of a global recession were overblown. The US Consumer Price Index (CPI) appears to have peaked, according to the official data. That could be good news in Australia, as global conditions will spur demand for our resources, business confidence will fuel trading activity, and hence our banks will enjoy a rise in lending activity.
The planet was here long before the human species appeared. It’ll be here long after John Kerry and his whole tribe have been turned to dust and scattered to the winds.
ASX stocks rise on Friday. US economy slows but less than expected, growing 2.9% in December quarter. RBA tipped to raise rates on scolding CPI print.
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