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Tuesday, October 15, 2013

October 17 2013

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This is the date of the potential U.S. default on its sovereign debt. If it occurs it will be blamed on a small section of the US Congress w...
1 comment:
Tuesday, September 24, 2013

You are Here

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A long time between posts! I will put it down to having a new born. Many people are legitimately asking where are we in the economic cycl...
1 comment:
Thursday, October 25, 2012

Horses to Water

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http://www.businessspectator.com.au/bs.nsf/Article/currency-wars-australian-dollar-us-dollar-euro-rom-pd20121025-ZDQZ6?OpenDocument&src=...
4 comments:
Wednesday, June 06, 2012

1934

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http://www.businessspectator.com.au/bs.nsf/Article/Panic-has-become-all-too-rational-pd20120606-UZ2P6?OpenDocument&src=sph   Please...
1 comment:
Thursday, May 24, 2012

Antigone and the Decline of the West

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If Sophocles was alive today would he write of Antigone's need to bury the Euro.  I cannot be sure of that, but indeed, the Euro does ...
Thursday, January 12, 2012

Sovereign

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"Sovereign" is a word you can expect to hear mentioned a lot in 2012 usually followed immediately by "risk" or "...
1 comment:
Friday, October 21, 2011

The Dismal Science

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It is an interesting thing; to read about The Great Recession, now that we are actually in the middle of it. I cannot tell where the market ...
4 comments:
Tuesday, July 19, 2011

Two Waves Collide

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One of the persistent features of the Great Recession is that we have not yet undertaken the necessary surgery to correct the underlying pro...
1 comment:
Tuesday, May 17, 2011

Interest Rates headed North

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Please explore the link above from Karen Maley's article in Business Spectator. The article refers to Dominque Strauss-Khan adventures i...
Tuesday, April 12, 2011

US Debt Default Enters Mainstream Media

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It seems that the unthinkable and yet inevitable is now finding its way into mainstream press - see the link above. If default by stealth th...
Wednesday, February 16, 2011

Checkmate

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Please follow the link to Karen Maley's article in Business Spectator today. This is the most articulate and focussed article on the gl...
Thursday, February 10, 2011

Consequences of mis-diagnosis

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Ignoring how low rates created the crisis is like blaming the crash of the Hindenburg on bad weather, poor piloting, lazy ground crews, and ...
Wednesday, December 01, 2010

The Fourteen Speed Economy

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In recent press, over the last year, Australia was described as being a "two-speed economy". The bouyant mining driven economies ...
Tuesday, September 28, 2010

Currency Wars

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This blog first alluded to the coming currency wars in 2004. Global economies are actively competing to debase their currencies in an attem...
Wednesday, September 08, 2010

Tail of the Dragon

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The global economy remains firmly on track for a continued deepening of the Great Recession into a self confessed depression. In Europe the...
Thursday, August 19, 2010

Savings Rates

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In a world of capital shortage, the countries where the shortage is least acute will do best. France, Germany and Italy, with double-digit s...
Friday, June 04, 2010

Frypan to Fire

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An IMF sponsored period of 15 per cent unemployment and 15 per cent inflation would allow Europe to survive intact and make the adjustments ...
Tuesday, June 01, 2010

Three Gets You Two

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The link above takes you to a great article from Pimco's Bill Gross. In its core this article takes us to the reason why we are not at ...
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Thursday, April 08, 2010

Greenspan and the Next Five Years

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It has been a while between posts but today's has a worthy link. Please see the link above to the article from Bloomberg which was repos...
Thursday, January 21, 2010

Global Interest Rates on the Up

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Interest rates are headed up sharply and quite possibly in 2010. Those countries that are pursuing responsible monetary policies such as Au...
Friday, January 15, 2010

2010

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"The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the w...
Wednesday, November 18, 2009

Plain Talking

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In this article by Martin Wolf from the Financial Times (and quoted from Business Spectator) Mr. Wolf clearly lays down the essential and fu...
1 comment:
Friday, October 30, 2009

No Country for Old Bulls

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Please check the link above to today's article from Alan Kohler at Business Spectator. The most interesting part of this article is act...
Monday, October 26, 2009

On Trial

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David Reilly's article in Bloomberg asks the question; who's face should adorn a US $1 million bill. His article postulates a Weimer...
Tuesday, September 15, 2009

Murder Suicide

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Ed Harrison, writing in his blog Credit Writedowns has an arresting take on the subject: “With this trade war looming, one must wonder if Ch...
1 comment:
Thursday, September 03, 2009

The Elephant in the Room

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I refer to today's Australian Financial Review, page 63, and the article titled "Bernanke's duty to come clean" written by...
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Friday, August 21, 2009

Cloak of Dollar Illusion

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The dollar’s role as a good store of value is “questionable” and the currency has a high degree of risk ...or so says said Nobel Prize-winni...
Thursday, August 20, 2009

Banananomics

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" But it was a wise man who said, 'All I want to know is where I’m going to die so I’ll never go there.' We don’t want our coun...
Wednesday, August 12, 2009

Recession Over?

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Apparently so, for a survey of economists who believe Ben Bernanke should stay as US Federal Reserve chairman. Hmmm, perhaps Alan Greenspan ...
Thursday, July 30, 2009

The American Insolvency

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This has been building for a long time. More and more you find references to the this issue in the mainstream press. I expect within 1-3 y...
Wednesday, July 15, 2009

The Fourth Turning Revisited

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I ran into this interesting article just after the last post. It is interesting because it links Howe & Strauss's work to the curre...

The Long Haul

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"the only recession since the Great Depression to wipe out all job growth from the previous expansion" Please follow the link to t...
Monday, June 22, 2009

USD 134 billion anyone?

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This article makes for a fascinating read whatever the truth of the matter is! Bumbling would be Japanese billionare fraudsters, North Korea...
Friday, June 12, 2009

Page Nineteen

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Firstly, I have to apologise as the article I am quoting for today's blog is not online but from a print copy. So I will refer you to P...
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Thursday, June 11, 2009

Bond Bubble Bursting?

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The yield on 10-year bonds surged to its highest level since October at almost 4 per cent, sparking concern high interest rates could temper...
Friday, May 22, 2009

The Early Signs

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Early tangible signs are emerging of a repricing in the both the US dollar and the British pound resulting from the active debasement of the...
1 comment:
Friday, May 08, 2009

The Second Movement

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We should congratulate the world leaders and central banks for the way they cooperated after the Lehman crash. We had the leaders and centra...
Wednesday, April 22, 2009

The Inflationary Depression

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Check the link above to Business Spectator and the comment from Alan Carr on the disburbingly resilent inflation despite the severe economic...
Wednesday, April 01, 2009

Imminent Social Dislocation

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"When I travel around talking to groups and individuals about the crisis these days, what everyone wants to know is: when will it be ov...
1 comment:
Friday, March 27, 2009

Repricing Sovereign Risk

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Less investor demand for bonds raises their yields, and consequently, lifts the interest that governments pay to bondholders. But because go...
Friday, March 20, 2009

Pet Cemetary

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Check the above link to the article with the following headline quote: The Federal Reserve's decision Wednesday to buy $300 billion in l...
Wednesday, March 11, 2009

The Great Recession

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An eponymous post (link above from the Australian). Apparentlty the International Monetary Fund agrees.............this is The Great Recessi...
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Thursday, March 05, 2009

Choo Choo

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From Bloomberg: The “rampant printing of currencies” won’t immediately lead to inflation as banks reduce borrowing and asset values decline,...
2 comments:
Tuesday, March 03, 2009

Thin Air

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The title of this article needs very little additional commentary: Britain's last policy hope: create money There seems to be a consensu...
Friday, February 27, 2009

Sovereign

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Opening line to Alan Kohler's latest article in Business Spectator. Spot on! At its heart, the global financial crisis is morphing from ...
Monday, February 16, 2009

The Art of Being Wrong

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The link to the above article is a a reprint ,of a reprint, from The Age. Forecasters are now telling us we are in for an extended period of...
Tuesday, February 03, 2009

Schiff was Right

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I recently read a post on www.europac.net where Peter Schiff felt the need to defend himself from a critic. This doesn’t surprise me. I c...
Thursday, January 29, 2009

The Bailout Ocean

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See the above link to a Bloomberg article: “To everyone’s dismay, we believe some of Grandpa Ben’s predictions are playing out,” Greenlight ...
Friday, January 16, 2009

The Stability of China

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Talk of a 2010 recovery is absolute rubbish. Follow the above link to an article from today's Australian that correctly identifies the r...
1 comment:
Tuesday, December 30, 2008

Inflation Tsunami

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The undersea earthquake may well be occuring but the wave is still very far from shore and no more than a bump in a far away ocean...but it ...
Wednesday, December 10, 2008

The Weimar Theory

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This is an article I really enjoyed reading and I recommend you go to the above link. "In the last ten weeks total Federal Reserve Cred...
Friday, December 05, 2008

Recession to Depression

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Peter Schiff seems to have reached a degree of cult status with the circulation of the "Peter Schiff Was Right" video on YouTube. ...
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Thursday, November 13, 2008

Pallative Care

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It seems a few governments, Australia and the U.S. included, are taking the opportunity to put distressed businesses on life support. Protec...
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Tuesday, November 11, 2008

The Day After

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Please find a link above to Mr. Solberg’s article on the future of the US dollar from Prudent Bear. You may wonder how a recession can becom...
Friday, October 24, 2008

The Modern Lemming

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As many of you who have been following this blog may be aware I am not the greatest fan of Mr. Greenspan. In fact, he was the one person who...
3 comments:
Wednesday, October 15, 2008

So what's next?

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Please note the link above to Mr. Gottliebsen’s article in which he responds to a series of ”so what happens next” questions. I would like t...
4 comments: