Recent Comments
Andrew on Propaganda that stokes fear co… Peter Walker on Watch out, it’s October… steph on A humble power cord hits the… colinlillywhite on Approaching a market top? Tom on A humble power cord hits the…
Category Archives: debt
Watch out, it’s October …
No-one seems to understand why, but this time of year is often tumultuous. (Particularly in the financial world. 1929. 1987. 2008.) This year is looking pretty interesting too. So called “geo-political risk” has risen sharply. Gaza and Ukraine have settled down … Continue reading
Posted in debt, financial markets, tough times
Tagged delusion, economic growth, market value, US economy, Wall Street
1 Comment
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
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
1 Comment
China’s corporate delusion
In Hong Kong last week I picked up a copy of the Asian Wall Street Journal and came across a story of complete delusion in the State owned corporate sector. Apparently state owned Zoomlion makes construction equipment, half of it … Continue reading
House prices … Going up or down?
House prices remain very topical right around Australia. Here in my country town, extra activity is certainly generating greater stability in prices, and even in some sub-areas prices have risen just a bit. This is regional Australia. How different to the … Continue reading
Pain in Spain goes on and on
They came to Madrid from every corner of the country. Some walked for a month. “We want work. We can’t accept that millions of unemployed people must go home to live with their parents,’’ said Jorge Balbas, an unemployed man … Continue reading
Watching China
My post on China at the weekend attracted a bit of interest, so here’s more to ponder … A visual from Zerohedge: By now everyone knows that the Chinese credit bubble has hit unprecedented proportions. If they don’t, we remind … Continue reading
China: has the music just stopped?
Whilst we’re all distracted by the extraordinary events in Ukraine and Crimea, and the hunt for MH370, things in China are looking dodgier by the day. In the last 5 years the Chinese have created $16 trillion in credit. That is … Continue reading
But I can’t afford it …
We’ve all said it. “That would be great, but I can’t afford it.” That house, that fancy car, that new dress, that exotic holiday, that night out … BUT, in recent decades … … The presence of credit cards in … Continue reading
Beer goggles and holes
Is this the typical (central) bankers view of the mountain of debt in the world? … of the effect of the mountain of newly printed money? … of Wall Street reaching for the sky? “Continuing large-scale asset purchases risks … Continue reading
something 2 ponder 