Beware of bullish bankers, their bubbles and the inevitable burst
Anjan V Thakor, Washington University in St Louis Something happens between the bubbles, bailouts, boom and bust cycles that we can’t afford to ignore, and it’s happening right now in the US and Europe. It’s a kind of collective amnesia that lulls investors into forgetting exactly what and who caused the last financial crisis. The…
Bear of The Week – 3rd April 2011
Stock: Centro Properties Group Stock code: CNP Share Price: $0.061 (as at Friday 1st April, 2011) Broker sells: Calibre Investments (28/3/2011, share price was $0.063 that day) Chart: Share price over the year to 25/03/2011 versus ASX200 (XJO) On March 01, 2011 Centro Properties Group released details on its restructuring plan including selling its US…
Obsessed with the dollar? What to expect from the Aussie in 2015
By Richard Holden, UNSW Australia Business School The Australian dollar is a curious currency. It is the fifth most traded in the world and it gyrates pretty wildly – having traded below 48 US cents and above 110 in the decade or so from mid 2001 to 2011. And to listen to the financial press…
Global rout
Shares slide on growth concernsSharemarket trends; Reserve Bank speechGlobal sharemarkets fall: Shares in the US and Europe slid by around 2-4 per cent on Wednesday.Speech from Reserve Bank official: Reserve Bank Assistant Governor Luci Ellis delivered a speech: “Supporting Growth in the Short Run and the Long Run”. Global shares: What happened and what does it…
The Outlook for Aged Care Operators
What could be better than investing in a sector with typhoon proportion tailwinds at its back, with something approaching 70% of revenue stemming from the federal government? In 2014 three ASX stocks listed, all operating in that sector – care of Australia’s aging population. Japara Healthcare (JHC) was first out of the gate in March,…
Gold hammered, but still looks bullish
Sellers hammered gold again last week on news from the Fed. The minutes from its latest FOMC meeting convinced traders the odds for a third round of quantitative easing are waning. This was the latest in a long line of QE3 scares that have become the bane of gold’s existence. But they are merely a…
Lehman’s collapse 10 years on
The collapse of the US investment bank on 15 September 2008 sent shockwaves through markets. We explain the impact in the decade since. Ten years ago, US investment bank Lehman Brothers filed for bankruptcy, marking the most symbolic moment of the global financial crisis. It remains the largest bankruptcy filing in US history. The demise…
Vic taxi riders face new $120 vomit fine
Passengers who leave a mess or vomit in a Victorian taxi will get hit with a $120 fee, but general fares are to stay the same, the state’s economic regulator has ruled. The Essential Services Commission has left maximum unbooked fares unchanged. But it’s introducing a new cleaning charge of up to $120 for passengers…
The Market Is Toast. Protect Your Assets
The trader who became an internet sensation with his outburst on BBC television – declaring that “the market is toast” and that the smart money is moving its assets to safer investments like treasury bonds – has become an instant enemy of the corporate media. His views on the global financial crisis were belittled as…
Many conservatives fret over Trump’s war on tech giants
President Donald Trump’s simmering war against Silicon Valley is raising concerns, notably among conservatives, about a politically motivated crackdown on tech firms that could damage free speech protections.The attacks from the White House coincide with a Justice Department announcement that it would convene talks on whether social media firms are ‘stifling’ speech or harming competition,…
