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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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