Money and Finance
Australia is rich in iron ore, coal and copper … and its stock of hubris seems to be growing.
But let’s rewind. His point is that the commodity boom has masked the full extent of the credit expansion and has fooled some into thinking the country’s economy is stronger than it really is.
- Broyhill Asset Management: On Gold & China
We expect China’s slow down (hard landing) to be much more severe than the consensus and given its disproportionate share of the world’s commodity consumption, the impact will be most uncomfortable for the world’s metal exporters. We continue...
- Dylan Grice: Witch Hunts, Inflation Fears, And Why I’m Bearish In 2013
For someone who started his remarks proposing to “kill all the economists,” Dylan Grice can wax surprisingly sentimental, with a fresh, human take on monetary policy that leads him to some worrisome conclusions. Making a case for gold, cash, and other...
- John Mauldin’s Outside The Box: Australia: Running Out Of Luck Down Under
While it is summer in the Northern Hemisphere, it is winter "down under." Today we turn our attention to Australia. In Endgame, Jonathan Tepper and I devoted a full chapter to talking about the problems we saw looming in Australia, and for that we have...
- Albert Edwards On Australia: The Biggest Bubble In Recent History
All we have in Australia, at its simplest, is a credit bubble built upon a commodity boom dependent for its sustenance on an even greater credit bubble in China. Of all the bubbles I have seen over the last 30 years in this industry, this one is even...
- Is China's Housing Bubble About To Burst?
In China, house prices in most cities have fallen as government policies aimed at cooling the property market start to take effect, prompting fears from some economists that the house price bubble is bursting. Martin Patience reports from Beijing where...
Money and Finance
Hubris and other signs of trouble ‘down under’
Australia is rich in iron ore, coal and copper … and its stock of hubris seems to be growing.
After a recent trip to the “quarry in China’s backyard” SocGen’s Dylan Grice is even more worried about its economy than he was beforehand. It seems a book describing Australia’s economic success as “a miracle” was the catalyst (more on that below). In a note to clients Grice is recommending shorting the aussie dollar. And, if you’re lucky enough to be Australian, stockpiling gold.
- Broyhill Asset Management: On Gold & China
We expect China’s slow down (hard landing) to be much more severe than the consensus and given its disproportionate share of the world’s commodity consumption, the impact will be most uncomfortable for the world’s metal exporters. We continue...
- Dylan Grice: Witch Hunts, Inflation Fears, And Why I’m Bearish In 2013
For someone who started his remarks proposing to “kill all the economists,” Dylan Grice can wax surprisingly sentimental, with a fresh, human take on monetary policy that leads him to some worrisome conclusions. Making a case for gold, cash, and other...
- John Mauldin’s Outside The Box: Australia: Running Out Of Luck Down Under
While it is summer in the Northern Hemisphere, it is winter "down under." Today we turn our attention to Australia. In Endgame, Jonathan Tepper and I devoted a full chapter to talking about the problems we saw looming in Australia, and for that we have...
- Albert Edwards On Australia: The Biggest Bubble In Recent History
All we have in Australia, at its simplest, is a credit bubble built upon a commodity boom dependent for its sustenance on an even greater credit bubble in China. Of all the bubbles I have seen over the last 30 years in this industry, this one is even...
- Is China's Housing Bubble About To Burst?
In China, house prices in most cities have fallen as government policies aimed at cooling the property market start to take effect, prompting fears from some economists that the house price bubble is bursting. Martin Patience reports from Beijing where...