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Date - Tuesday, 9/2/2010 - 11:07:06 AM
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Debt Problem Has Not Gone Away
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| Banks have recapitalised, making up for some of their losses from 2008 and 2009. But you still have a financial system addicted to debt and leverage. |
A Period of Credit Contraction, De-leveraging and Depression
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| Where we are now is a matter of great debate: Are we in recovery? Or is the depression deepening? No one knows for sure. Investors stumble around in the dark, bumping into data and knocking over lamps. It would be nice if someone would turn on the lights. But that's not how it works. |
More Than Greece In Europe's Basket Case
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While it may not be wise to lump in the good countries with the bad, it would be prudent to know who the mischief makers are, as these countries are staring down the barrel of a sharp rise in sovereign risk if they don't get their ducks in a row, and soon. Greece, Portugal, Spain, Ireland and Italy are stand outs. |
Giving ASIC More Power
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| The federal government plans to make it easier for ASIC to pursue allegations of market misconduct, such as insider trading and other high level offences. |
Japan's Slide Continues
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| While iron ore and coking coal shipments are rising, exports of other products are weak. Demand is weak in Japan. |
Investor Appetite Key For Precious Metals In 2010
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Barclays Capital precious metals analyst Suki Cooper thinks the downside, if one emerges, will be determined by jewellery demand, which she expects will kick in at around US$1000/oz. Cooper expects the overall market balance will improve in 2010, with the surplus narrowing, but still remaining sizeable. |
Shares Down, Remember 2004
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| The AMP's chief strategist, Dr Shane Oliver asks us to remember 2004 when US shares spent nine months stuck in a range, and Asian shares, some commodities and the Australian dollar had a decent correction but all within the context of a still rising trend, is a reasonable guide as to what to expect this year. |
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