Trump’s Immigration Fight Will Cost You
It’s no secret that almost all developed countries, and China in the emerging world, are slowing in workforce and demographic growth. Five of the six smaller ones that aren’t have one thing in common: strong…
About The Rum Rebellion
Welcome to The Rum Rebellion! You’re probably wondering what the name is all about. Well, there is a very good reason for it. I’ll explain it all in a moment. First, I want to tell you what you can expect from your daily shot of rum, so to speak… The Rum Rebellion is a uniquely Australian voice commenting on the nexus between money, stocks, politics and economics. We have a libertarian view of the world and believe in free speech, individual freedom and personal responsibility. While we also believe in the virtues of free trade and sound money, we recognise that most of the world’s players don’t share this view. We therefore seek to tell you about how the world IS, not how we wish it to be.
Why Gold Is about to Make Its Move
Gold stocks have been under the pump lately but the gold price continues to look OK. As you can see in the chart below, it has been in a correction phase since peaking in February.
From the Periphery to the Core
The worrying thing for Aussie investors is that our market is simply not pricing in any negative outcome from the trade war. There is nothing, it seems, that lower interest rates can’t do.
RBA Strong-armed by the Market
The RBA has been strong armed by the market into cutting rates. It now appears to be heading towards an easing cycle when the economy is ‘soft’, rather than in trouble, and at a time…
RBA Strong-armed by the Market
The RBA has been strong armed by the market into cutting rates. It now appears to be heading towards an easing cycle when the economy is ‘soft’, rather than in trouble, and at a time…
Australia’s Interest Rate Risk
Thanks to supply issues in the global iron ore market, Australia is ‘making hay’ in this very important commodity. And, perversely, thanks to a weakening domestic economy, the expectation is that the RBA will reduce…
Petrol, the Dollar and the Yuan
Commodity prices (especially coal and iron ore) are strong. Just look at the share prices of BHP and Rio. They’re at multi year highs. So it’s very unusual to see the dollar so weak.
The Bull Market Is Over
There will be many twists and turns in this trade war saga. But that it’s occurring after a long global expansion cycle tells you it’s a classic bull market peak event.
Vote Labor. Vote Taxes.
It’s a government that is telling you: ‘Look, we know better than you. You’re doing things wrong. So give us more of the money you earn and we’ll fix things up’.
The Dangers Beyond the China-US Trade War
From the sounds of it, investors are unhappy with The Donald’s China trade deal tweets on Sunday. Really, they could have chosen any issue at hand — there are so many — for a reason…