Double-Dip Recession – Whatever happened to that?
What ever happened to the Armageddon-style Global Financial Crisis Mark II. You know the one… The double dip recession that we were meant to have. The end of America…. leading to the end Europe and the the euro zone. Which would bring China down and lead to the end of prosperity as we know it here at home in Australia. I’m still waiting… But as yet, nothing. Have the doomsayers got it wrong? Have the press over cooked the fear mongering? Is the world in a far better place than...
Read MoreBad News… $50b Lost and Counting…
Unbelievable! The market has fallen by a staggering 5.2% and the All Ords sits at 3,778 points this morning. …So far, a 15% drop in 7 days… 25% since April! But – as bad as the news is, we have seen it all before, right? What’s currently going on only happened a couple of years ago. Same scenario, the great recession of 2009 is back. So what is likely to happen going forward? Look, nobody really knows… But here’s a few certainties. We’re going to see...
Read MoreThe great boom ahead..?
I find this really amusing… With the Australian dollar at a significant cycle-high, the talk is on how cheap consumer goods are going to be in the next 12 months. Also, the fact that it’s a great time for Australians to travel overseas for a holiday. So this is the time to buy electronic goods and travel to your heart’s content. Zero talk about how to make money with the high Aussie dollar. The smart money knows what to do, but that’s always a small percentage of the...
Read MoreBad news for all investors!
I bet you’re confused about what’s happening in the economy right now. I certainly am. Reading all the headlines, you’d think we’re on the cusp of a property crash and diving into another global crisis via a double-dip recession. Run for the hills!! Add an election to the mix and you’ve got a recipe for massive procrastination. So what can we make of it all? Let’s see if I can help… I think the Reserve Bank of Australia went way over the top with its...
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