Blog Detail
The Daily Reckoning Australia
http://www.dailyreckoning.com.au
The Daily Reckoning offers an independent and critical perspective on the Australian and global investment markets. We do not propose to tell you what the news is. Instead, we try and tell you what news is worth paying attention to.
- Added on: Nov 16th, 2006
- Country: United States
- Language: English
- Listed in: Business Libertarian News & Media
- Tags: gold credit Economy debt markets commodities and resources
Recent Posts
A Look at Debt and Super
[Ed note: the following is an excerpt from an upcoming report on superannuation and retirement from Australian Wealth Gameplan editor Kris Sayce] Australian baby boomers have never experienced a "rainy day" - so they've never planned for one. But the...
Hidden Inventory of Unsold Houses Will Depress Housing Prices
"There are a lot of houses for rent...you can get a very good deal," reports our oldest son. Will is relocating, from Argentina back to the US. He's moving back to Florida. "Why don't you move back into your own house," his father wanted to know. "Da...
Bankers Take Money From the Government and Use it to Speculate
Financiers have the world's financial system in a "doom loop," says the Bank of England. We've thought so ourselves. The bankers take money from the government and use it to speculate, not to lend. "Excess" reserves are at a record high as consumer c...
Another Big Wave of Foreclosures
The Dow rose 200 points yesterday, bringing it only about 75 points below the 10,300 level. Why is the 10,300 mark important? It's not really...it's just the point where this bounce will equal the bounce following the crash of '29. No reason in parti...
World of Super Collides With World of Credit Crunch
Meanwhile, mischief is still afoot in the world of superannuation. Australian super assets under management exceed $1.2 trillion. That's the fourth largest pool of investable savings in the Western world. It's no wonder there are so many pigs feeding...
A Trader’s Market or an Investor’s Market?
Is it a fragile little market after all? You can't really tell by appearances. For example, the world's largest bond insurer (MBIA) fell 27% in New York trading. It reported a $727.8 million loss in insured credit derivatives. Yes...those credit land...
Can't trust this guys for the following reasons:
1. They promote questionable 'investment' products in their free newsletter e.g. automatic trading system.
2. The promotion of their paid subscription products is very much full of hype- so much hype that it sounds like those get-rich-quick tip-sheets.
3. They are very heavy handed on their tiny competitors (there aren't much of these libertarian financial web sites anyway), which is strange because they are supposed to be 'libertarian' and 'free-wheeling.'
4. Bill Bonner has been advising that now is the time to "sell stocks, buy gold" But their paid subscription advices people to buy. Contradiction!
My opinion is avoid! They have hidden vested interests!
Posted: February 8th, 2008 | More Reviews From jmr | Report This Comment