The advantage of this new wampum was that it would give them more ‘liquidity’. That is, they could print as much of it as they wanted…
Global Market News, Updates and Analysis
The ASX doesn’t move in isolation. Frequently we see sell-offs in the US stock market lead to sell-offs on the ASX. We cover recent factors driving the performance of the ASX include things like Brexit, the Federal Reserve interest rates, and commodity prices. Here you can find our coverage of global markets, usually related back to the Australian stock market. We include snippets of world market news with analysis to paint the picture.
We also look at major movements in currency markets (forex) for clues about which way global markets are heading.
This includes the Aussie dollar in relation to major crosses such as the USD, the GBP, the JPY, and the CNY.
We discuss movements in bond markets as low interest rates force investors to search for yield.
Occasionally we will talk about emerging markets too, as trends here can tell us more about global growth.
So when we talk about global markets, whether that be the Chinese economy (which is increasingly debt laden), the US market or even the ailing Japanese and EU markets, we aim to cut through the typical narrative.
We are contrarian because investing with the herd often leads to poorer returns.
What’s the relationship between the ASX and global markets?
Sometimes action is sector specific.
For example, when the US tech sector gets pummelled Aussie tech stocks frequently also decline.
But broad-based moves, driven by trade war/deal developments, also sweep up ASX-listed stocks in their wake.
What is The Rum Rebellion’s perspective on global markets?
We present a variety of views on global markets at The Rum Rebellion.
Not all our editors think alike.
But what you can be certain of is that we are not an establishment media outlet.
We all agree that globalisation has left many investors empty handed — hoodwinked by low interest rates and technocratic manipulation.
To make our point, we use informative charts and profiles of major companies.
We aim to dig beneath the surface and go behind the headlines that you will find in mainstream financial news outlets.
By following our coverage here, you can understand major trends in global markets as well as any warning signs (or opportunities for profit) we spot along the way.
US inflation surprised to the upside. June’s Consumer Price Index came in well above expectations at 0.9%, increasing 5.4% from a year ago. This is the largest increase in 13 years.
Producer prices are rising at an even faster pace — 7.3% year-on-year. Inflation has not gotten on the bus yet. At a 5.4% annual running rate, consumer prices are now rising about as fast as…
We don’t know, but prices are on the rise almost everywhere. In England, inflation is running at about 2.5% annually — the highest level in three years…
Governments and central banks will not tolerate private crypto money to run in parallel with the system they control.
This new business idea is designed to capitalise on what everyone knows is an inevitable trend towards decentralised finance…or, as we in the industry call it…DeFi.
There IS an underlying law of economic gravity at play here. Companies can’t infinitely grow earnings faster than GDP growth. You can cut costs (lower wages through automation)…
Capitalism created almost all the wealth we enjoy. In a world in which we have to compete with state-run giants like in China, that think on 50-year time horizons, quarterly capitalism simply doesn’t cut it…
Huge amount of capital flowing into the mega-cap tech stocks like Apple, Amazon, and Microsoft. Since the COVID crash, the NASDAQ quickly recovered and reached its old highs by June 2020…