If we think that the foreclosures in the US won’t ever happen in Australia. Well think again..
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The Watchmen
Those who have ears to hear, and eyes to see…
Money Morning Australia
- Europe’s Road to Nowhere (Part II) February 25, 2012[Ed Note: Satyajit Das is a keynote speaker at After America. You can read Part I of his essay here] The proposed [European] plan is fundamentally flawed. It made no attempt to tackle the real issues – the level of debt, how to reduce it, how to meet funding requirements or how to restore growth. [...]
- Iranian Oil – Why Oil at $200 a Barrel Justifies a $100 Billion Investment February 25, 2012On 21 February, the European Union announced a phased-in embargo on Iranian oil. It will be in effect from 1 July this year. How did Iran respond? Well it stopped oil exports to Britain and France. But this was no more than a symbolic two-finger salute. Because neither country has bought Iranian oil since last [...]
- Gold Shares vs Gold Futures – Lessons From a Scandal February 24, 2012Is it just me or has everyone forgotten the whole scandal emanating from MF Global about hypothecation and rehypothecation? A new financial term seems to enter into common use every few months or so. This is probably the nature of a financial crisis that originated in a credit crisis with lots of exotic financial instruments. [...]
- Gold Price Rise – Stronger for Longer Thanks To the Fed February 24, 2012The US Federal Reserve has given you another two big reasons to hold gold. First the Fed announced it would keep US interest rates close to zero for at least the next three years. Anything can change, but it looks like the Fed, and other major central banks, are committed to keeping interest rates low [...]
Billys Blog
- Saturday Quiz – February 25, 2012 February 24, 2012
- The lesson for the Europeans is that the US fiscal stimulus worked February 24, 2012
- Fiscal austerity undermines the future as well as the present February 23, 2012
- Standby for the third Greek bailout February 22, 2012
- There is no unemployment in a non-monetary economy February 21, 2012
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