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…
Macroeconomic News: Insights into Economic Trends and Developments
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.
The US Breaks Another Unwanted Record: Weekly Unemployment Claims
Last Friday 3.28 million was the most important number. It was a new record for US unemployment claims. Dwarfing the previous high of 695,000 claims back in 1982. The first significant statistical indicator of just how bad this ‘corona’ recession will be…
Don’t Let Optimism Suck You In: The Stimulus Package Will Not Save Us
Has Australia’s day of reckoning come?
We’ve dodged a recession for the past 29 years.
The Real Impact of Economic Shutdowns: If You Get Rid of People, You Solve the Problem
We need to consider what impact the restriction of human movement and economic shutdowns really has. That’s because it’s pretty likely that again in our lifetime, we’ll have to deal with another pandemic. This isn’t the first one we’ve had to deal with.
