The Tangled Web of the Australian Housing Bubble
Oh what a tangled web we weave,When first we practice to deceive. Scottish poet Sir Walter Scott penned those lines in the nineteenth century, but the essence of his words applies to much of what happened in the Great Financial Crisis, as well as to things yet unseen. Perhaps you think the word “deceive” is…
Bullish Signs For Oil And Oil Stocks
Averaging $96 so far this summer, crude oil certainly doesn’t feel cheap. Nevertheless, its technicals are looking increasingly bullish. After recently bouncing out of a major correction, oil appears to be embarking on a new bull-market upleg. If one is indeed brewing, speculators and investors alike ought to capitalize on this excellent buying opportunity in…
Will the property bubble burst or simply deflate?
As Aussie housing prices have risen dramatically in recent years and LVRs have skyrocketed, leading economists and investment advisers have weighed in on the issue of whether Australia is experiencing a “housing bubble” and, if so, whether it will eventually “pop” or quietly deflate. Today we summarise several perspectives: 1. Jeremy Grantham, Chairman, GMO Australians…
Commodities risk an extension of the stockmarket
Commodities prices have been exceptionally volatile in recent weeks, with big daily rallies and plunges intermingled. Seemingly without rhyme or reason, commodities surge one day as traders crave riskier bets but then fall the next as they flee risk. While this commodities risk trade often looks capricious and schizophrenic, it actually has a logical and…
Sonray Collapse Gives CFDs An Unfair Rap
The collapse of Sonray Capital Markets has put the spotlight on the fastest growing trading instrument in Australia, contracts for difference (CFDs). Since 2002, when CFDs were first launched in Australia, tens of thousands of Aussie speculators have been successfully trading them – taking long and short positions over domestic and international equities, indices, foreign…
The RBNZ prepares to kick-off a lengthy tightening cycle
By Chris Tedder, Research Analyst, Forex.com The Reserve Bank of New Zealand is expected to kick-off a prolonged tightening cycle this week by increasing the official cash rate by 25bps to 2.75% (the announcement is due at 2000GMT tomorrow). This represents a significant turning point in monetary policy in NZ. The RBNZ has kept the…
Stock Of The Week
By George Whitehouse – StockVal Investment Analyst Washington H. Soul Pattinson and Company (ASX:SOL) is one of Australia’s oldest companies. When Caleb Soul and his son Washington opened their first store at 177 Pitt Street, Sydney, in 1872 neither of them could have imagined that over 130 years later their single pharmacy would have evolved…
Aussie billionaires rake in $100m each day
Australia’s billionaires grew their combined wealth by $100 million a day last year, Oxfam has revealed as it calls for tax changes to close the growing gap between rich and poor. The nation now has 43 billionaires worth $160 billion between them, while the top one per cent of Australians have more wealth than the…
CommSec Daily Report Monday
Latest NewsAussie shares are off to a bright start to the new trading week. The ASX 200 is climbing 9 points or 0.15% to 5888 around lunch after being higher by around 30 points at its best levels. This move higher follows Wall Street’s lead with reports over the weekend that China would be looking…
CommSec Daily Report Friday
Latest NewsIt has been another positive start for the Aussie market with the ASX 200 higher for a fourth consecutive day and is eyeing a second straight week of gains. Approaching lunch, the index is up 36 points or 0.6% to 5886. US stocks provided another solid lead as Wall Street’s mood was brightened on…
