Ahhh…tech stocks. When they’re good, they’re very good. But when they’re bad… Because most tech stocks have little to no current earnings, that leaves interest rates and investor sentiment. In a bull market, all you…
The RBA reckons a return to near 3% economic growth next year is ‘quite probable’. You’d think that would be good news. But if you’re a stock investor, you might want to reconsider. Lower interest…
You can see today what they’ve already done to the financial sector. In 1971, the Dow was about 880 — in old US dollars, which were tied to gold at a fixed rate of…
Without much fuss or fanfare, the US Federal Reserve — and the Reserve Bank of Australia — have done a U-turn on policy. It was only a few months back that the Fed was decreasing…
You can see today what they’ve already done to the financial sector. In 1971, the Dow was about 880 — in old US dollars, which were tied to gold at a fixed rate of…
Without much fuss or fanfare, the US Federal Reserve — and the Reserve Bank of Australia — have done a U-turn on policy. It was only a few months back that the Fed was decreasing…
The Federal Reserve announced it would continue pumping up to $75 billion into the money markets until early November. The Fed is also injecting money into the system as part of its ‘reserve management’ program…
The recent news of an IMF downgrade to our nation’s economic growth was met with sombre tones. It’s as if this news came as an unexpected shock. Have they no comprehension of how past economic…
In August 1979, Volcker took over at the Fed. His mission was to kill inflation. This he did by hiking the Fed’s key lending rate up to 20% in June 1981. Mortgage rates hit 16%.…
In the fullness of the boom and bust cycle — when uptrend boom turns to a downtrend bust — the notion of an alternative currency will be laughable…except for those who were silly enough to…