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‘The Most Astounding Credit Binge in History’

‘The Most Astounding Credit Binge in History’

China has just gone through the most astounding credit binge in history, and most of it at a tremendously misplaced interest rate.
The post ‘The Most Astounding Credit Binge in History’ appeared first on The Daily Reckoning Australia.

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Australia: Lucky Country for How Long?

The expansion of credit reveals itself in Australia as an increase in the demand for raw materials, which are then shipped to China and turned into finished goods, sold in the US and Europe.
The post Australia: Lucky Country for How Long? appeared first on The Daily Reckoning Australia.

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Gold Hits Six-Week High As Global Economy Falters

Gold prices have risen 4% over the past week, highlighting the extent of issues facing the global economy.
The post Gold Hits Six-Week High As Global Economy Falters appeared first on The Daily Reckoning Australia.

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Fortescue Yearly Profits Plunge By 88% — Can It Survive?

Fortescue has announced net profits of AU$435 million in the year to June. What’s most concerning is that profits slumped by 88% compared to last year.
The post Fortescue Yearly Profits Plunge By 88% — Can It Survive? appeared first on The Daily Reckoning Australia.

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How Can You Trust the Central Banks?

What if people lose trust in the ability of Government and Central Banks to protect them? The situation can rapidly go from bad to worse.
The post How Can You Trust the Central Banks? appeared first on The Daily Reckoning Australia.

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Two Years Too Early or Two Days Too Late

Two Years Too Early or Two Days Too Late

I’ve decided I would much rather be much too early on something like this because being too late will be fatal.
The post Two Years Too Early or Two Days Too Late appeared first on The Daily Reckoning Australia.

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Are You Prepared for the Coming Collapse?

Some relative calm has been restored to global share markets. Green ink has temporarily replaced red ink. Apparently this was the correction we had to have.
The post Are You Prepared for the Coming Collapse? appeared first on The Daily Reckoning Australia.

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China Cuts Interest Rates By 0.25% Following Stock Market Collapse

China’s central bank is on a mission to stop the rot in the world’s second biggest economy. First, the PBoC cut interest rates by 0.25%.
The post China Cuts Interest Rates By 0.25% Following Stock Market Collapse appeared first on The Daily Reckoning Australia.

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This Is the Start of the Sell-off, Not the End

When this sell-off intensifies, Mr. Trump, Wall Street, and the One Percent will lose money. The feds’ fictitious capital will go back where it came from — nowhere.
The post This Is the Start of the Sell-off, Not the End appeared first on The Daily Reckoning Australia.

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The Opinion Shift That’s Hurting Stock Markets

Do China’s leaders really have everything under control? Their bungled attempt to prop up the stock market casts big doubt on that claim.
The post The Opinion Shift That’s Hurting Stock Markets appeared first on The Daily Reckoning Australia.

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Is Australia a Teacup?

Is Australia a Teacup?

Australian households have excessive debt and leverage, which adds to the fragility of a narrow economy. The resources boom sustained the debt boom, but it cannot continue to do so now.
The post Is Australia a Teacup? appeared first on The Daily Reckoning Australia.

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A Visit to the Most Expensive House in America

At the time, it was the most expensive house ever offered for sale in the US — a concrete monstrosity on the market at $139 million.
The post A Visit to the Most Expensive House in America appeared first on The Daily Reckoning Australia.

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The System is Rigged

The next crisis will come because none of the problems, none of the real problems in the system have been corrected. They’re only worse.
The post The System is Rigged appeared first on The Daily Reckoning Australia.

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Key Market Signal Shows Stock Collapse Has Only Just Begun

What a hit the Dow took on Friday. A 530-point fall. Any guesses for what direction our stock market heads today?
The post Key Market Signal Shows Stock Collapse Has Only Just Begun appeared first on The Daily Reckoning Australia.

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What’s Happening to the Share Price of Immuron Ltd?

Immuron Ltd [ASX:IMC] is a company developing medications for gut related and liver diseases.
The post What’s Happening to the Share Price of Immuron Ltd? appeared first on The Daily Reckoning Australia.

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Why Chinese Manufacturing Data Signals a Coming Collapse

Why Chinese Manufacturing Data Signals a Coming Collapse

China’s economy is going from bad to worse. The manufacturing sector, for so long the lifeblood of the economy, fell to its lowest point in over six years this month.
The post Why Chinese Manufacturing Data Signals a Coming Collapse appeared first on The Daily Reckoning Australia.

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This Needs to Happen to Trigger a Bear Market

It took a while, but the ongoing turmoil in developing markets hit the US overnight. The Dow Jones Industrial Index fell a solid 2%.
The post This Needs to Happen to Trigger a Bear Market appeared first on The Daily Reckoning Australia.

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Greek Elections: Why Greece Has One Final Chance to Save Itself from Disaster

Greece’s future in the Eurozone took yet another twist overnight, with the country headed for the polls yet again in yet another round of elections.
The post Greek Elections: Why Greece Has One Final Chance to Save Itself from Disaster appeared first on The Daily Reckoning Australia.

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Australian Dollar Holding Firm Ahead of RBA Decision

The Australian dollar is unmoved ahead of the RBA’s interest rate decision tomorrow. The local currency was up slightly, trading at $0.731 against the USD.
The post Australian Dollar Holding Firm Ahead of RBA Decision appeared first on The Daily Reckoning Australia.

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Big Banks Down Slightly, But ASX200 Banking Index Still Growing

The big banks didn’t have their best day on the ASX today. However, the longer-term trends for the big banks are more encouraging.
The post Big Banks Down Slightly, But ASX200 Banking Index Still Growing appeared first on The Daily Reckoning Australia.

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European PIGS Start to Fly

European PIGS Start to Fly

Ireland’s beginning to look like the greyhound of the pack, rising at six times the pace of the rest of Europe.
The post European PIGS Start to Fly appeared first on The Daily Reckoning Australia.

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One Mining Sector You Should Be Looking At

This means commodities have significantly further to crash, including gold, which I’ve long said will fall to US$931 per ounce.
The post One Mining Sector You Should Be Looking At appeared first on The Daily Reckoning Australia.

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Aussie Dollar Recovers Following Mixed Unemployment Data

The Aussie dollar edged back up overnight after falling slightly on the back of mixed unemployment data.
The post Aussie Dollar Recovers Following Mixed Unemployment Data appeared first on The Daily Reckoning Australia.

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The Real Reason Gold Prices Are Falling

Gold is in the news for all the wrong reasons at the moment. The price of the metal tumbled this month, maintaining its downward trend for the year.
The post The Real Reason Gold Prices Are Falling appeared first on The Daily Reckoning Australia.

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Gold’s Down. What’s Up With That?

Gold is trading around US$1,085 per ounce. That’s a five-year low, down over 40% from its all-time high in August 2011, and down over 8% this year alone.
The post Gold’s Down. What’s Up With That? appeared first on The Daily Reckoning Australia.

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