The Aussie market tends to follow global markets, particularly the US. For that reason, The Rum Rebellion will regularly keep you up to date with what’s happening in the world’s major markets.
Global politics is also at a critical juncture. There is a big-picture arm wrestle happening between the forces of globalism and those who believe in the pre-eminence of national sovereignty.
You can see this in the British peoples’ desire to escape from the stifling regulation of the European Union. You can see it in the increasing support Trump is getting for his ‘Make America Great Again’ stance, despite around the clock criticism and lies from the establishment media.
The Rum Rebellion stands for individual freedom. Decentralisation of power is the key to this. Globalisation, on the other hand, is a force for the centralisation of power and the slow and covert imposition of rule by unelected elites.
Our comments on global politics will rail against globalisation and rule by technocrats. It will include calling out fake news, as the establishment media is a key player in the globalisation movement.
Things are looking very bubbly: stock market, property. The chart shows the different phases of a bubble. It’s typical of bubbles to have a euphoria and even delusion phase, before the collapse. But there isn’t…
If the Donald announces a victory, stocks are likely to rise. But there is no plausible trade war victory that would boost the value of America’s capital stock appreciably.And the stock market is already at…
Publicly, the Fed may be saying that the US economy is ‘in a good place’. But our economists — including our own Joe Withrow and Houston Molnar — and theirs are all looking at the…
The grander the plan, the greater the potential for disappointment. What if your plan was to create a perpetual economic growth machine? What happens if that plan worked a treat for decades and then goes…
Today I want to talk about a new angle on Chinese real estate. The Chinese are strange real estate investors, largely because its communist government had not broadly allowed real estate ownership until…
Officially, the US market is no longer fair value. Unofficially, historical valuation methods tells us the US market is well beyond stretched…it’s travelled into rarefied (and terrified) territory. By any measure, Wall Street is much…
The age of financialisation is all about enriching the managerial class. The story of US semiconductor company Texas Instruments Inc [NASDAQ:TXN] and their stock buyback program. Management were busy…
Excessive debt. Poor credit quality. Historically high PE multiples. In my mind, this assortment is not all that different to…youth. Alcohol. Drugs. High-powered cars. In each case, these lethal cocktails have…
Today, we return to the scene of the crime. We’re talking about where WeWork founder Adam Neumann and Japanese conglomerate SoftBank ripped off investors for billions of dollars. In the news this morning is word…
The week’s gone by and markets are still doing just what I predicted: bounding forward sideways until something breaks up or down. Expect the markets to be very volatile over the next month or two.…