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Australian Housing Market About to Plunge?
There is no shortage of bad news. It’s all the rage, but not a lot of news is particularly helpful. For example, the knowledge that the Dow Jones index is now half of its high in 2007 is wonderful but...
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Is Distributism the Answer to The Crisis?
Real democracy is about more than voting. It comes from direct, localized ownership of property. Centralized ownership and control of property places entire societies at risk of sudden collapse. Has...
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This is the time to return to Christ
Better is the poor man walking in his simplicity, than the rich in crooked ways. He that keepeth the law is a wise son: but he that feedeth gluttons, shameth his father. He that heapeth together riches...
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Australia’s Economic Storm: If only it were real rain
First Drops of Rain As predicted, the world economic storm has become more than a mere shadow over Australia’s immediate future, as ABC News (Australia) reports: The International Monetary Fund has...
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Circus Economicus to Crisis Maximus
Nero, to win credit for himself of enjoying nothing so much as the capital, prepared banquets in the public places, and used the whole city, so to say, as his private house. Of these entertainments the...
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Kevin and Fannie Sitting in a Tree
Bloomberg has a great little commentary about Fannie Mae’s gratuitous bailout of mortgages in the US. In essence, the mortgage giant (bailed out by the US government) generated a loss of $453 million...
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Japanese Exports Rise
Whew. With all the pigs flying around, it’s hard to keep your eye on the important things in life. Hysteria, while once considered an uncommon disorder of uterine function, is now so widespread,...
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Unconvincing Prospects of Recovery
It’s hard to see how the economy can recover when, slow as it is, the breaks are applied even before it regains any momentum. The Australian Government is scrambling to keep itself from falling into a...
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Reserve Bank Still Too Optimistic
The Reserve Bank of Australia (RBA) has released its May “Statement on Monetary Policy”, where it continues its up-beat report on Australia’s economic prospects in the face of the global financial...
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The Recession is Still On
For anyone who had the hairbrained idea that the latest stock market rally was a sign of the return of the good ol’ days, news signaling future woes continues to flood the financial rags. The housing...
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No Hope, Only Certainty for World Economy
The past week saw some important stories break on the mainstream media, including revelations of an explosion in funding of intelligence services in the UK, which reportedly are poorly run, targeting...
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Preparing for the Single World Currency
Bloomberg has a commentary by Mark Gilbert, summarising the evidence to support the idea that the U.S. dollar’s days are numbered. His commentary concurs somewhat with one made by Bill Bonner on The...
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Gold: Whose Precious?
In recent newspaper articles and, for a long time, on the Daily Reckoning, gold has been touted as the Next Big Thing in commodities, that it is destined to return to glory as the chief component of a...
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Here Comes Sound Money
Our suspicions, just a day or two ago, that gold may not be the metal of choice in a standardised (non-fiat) monetary system, grow stronger today. Russia is likely to take the “palladium standard” as...
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Swinders in the Mist
Do you remember the days in the old school yard? Remember how some kids couldn’t take any loss of face? Investors who lost their fortunes in the Madoff Scandal (the guy who made off with over $50...
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