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Monthly Archives: June 2014
Monetary policy is broken
There’s been a lot in the media recently about ballooning housing prices and debt – and not just in Australia. The IMF has recently warned that Australia, New Zealand, Canada, the UK and others, face the possibility of major economic … Continue reading
Propaganda that stokes fear controls the masses
“the only thing we have to fear is … fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance” … Franklin D Roosevelt (1933 Inaugural Address) Fear is created by propaganda. Fear paralyses. Fear controls the masses. … Continue reading
Posted in inequality, power and democracy
Tagged elites, fear, Fox News, free media, propaganda
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US GDP downer pushed the market up!
About an hour after my last post, the US Department of Commerce released it’s final revision of data for US GDP for the first quarter of 2014 … a staggering -2.9%. Bloggers, twitterers and columnists went into overdrive: “This is the … Continue reading
Posted in financial markets, risk
Tagged delusion, economic growth, Federal Reserve, market value, US economy, Wall Street
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Approaching a market top?
A weird complacency seems to have settled over Wall Street. Stock prices are at a record. The S&P 500 broad index, currently at 1950, is remorselessly approaching 2000. It’s been climbing with hardly a pause for breath for more than five years. That’s … Continue reading
Posted in debt, financial markets, risk
Tagged bank behaviour, China debt, delusion, Dubai, economic growth, Federal Reserve, unemployment, Wall Street
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Celebrity insider trader goes to gaol …
Back in 2012 Rajat Gupta was sentenced to 2 years gaol in New York for insider trading. He appealed, of course. But that failed. So last week off he went to a friendly gaol nicknamed Club Fed (where he can have visitors … Continue reading
Historic rivalries, oil and interference … a toxic mix
“There are decades where nothing happens; and there are weeks where decades happen.” … Vladimir Lenin It feels like we might be in one of those “weeks” … From this distance the Middle East looks unbelievably complex. Scant few can … Continue reading
Time for a banker to go to gaol?
BNP Paribas, France’s biggest bank, is in trouble with the law in the US. It is apparently guilty of violating US financial sanctions against Iran and others. The US Department of Justice (DOJ) suggested the bank plead guilty and pay a $16 billion … Continue reading
Posted in financial markets, inequality
Tagged bank behaviour, investment banking, JP Morgan Chase, Wall Street
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Could this be the market’s trigger?
Stock markets around the world have been defying gravity for months and months now. Rising ever higher in the face of logic, real economic performance and common sense. It’s now a precarious gamble: hang on and hope that a greater … Continue reading
A humble power cord hits the tip?
Anyone who is regular follower will have noticed that I went quiet for a six or so weeks. Sorry about that … First it was a great holiday, then I have been head down in an urgent project to refresh most … Continue reading
Posted in technology, why do people do what they do
Tagged advances in technology, environment, jobs, priorities, waste
4 Comments
Where’s Malcolm?
I share with probably a majority of voters the opinion that Malcolm Turnbull would do a better job of leading Australia than any other realistic candidate. I don’t agree with everything Malcolm says or does, but then who would? Right … Continue reading
something 2 ponder 