For the last eight years, the Fed has tried to stimulate the economy with ultra-low interest rates. Business, consumers, and government now almost all depend on credit…and most need ultra-low rates to make ends meet.
The post Why Yellen and the Fed Can Never Normalise Interest Rates appeared first on The Daily Reckoning Australia.
Last night, we had an encounter with the US healthcare system. Your editor’s mother, 94, was having trouble breathing. So we took her across Baltimore to an outfit called Patient First on the campus of The Johns Hopkins Hospital.
The post No Cure for Old Age appeared first on The Daily Reckoning Australia.
Human emotions, and the underlying laws of human nature, govern the financial markets. One of these is the law of cause and effect, also known as polarity. That is, for every action there is a reaction. For every positive there is a negative.
The post A Universal Law of Life and Financial Markets appeared first on The Daily Reckoning Australia.
Downer EDI [ASX:DOW] is a diversified contractor, providing services to clients in the transport, engineering, utilities, technology and mining sectors. This exposure to mining helps explains why the DOW share price has been under pressure for the past few years.
The post What is Happening to the Downer EDI Share Price? appeared first on The Daily Reckoning Australia.
This is what happens in an economic Ponzi scheme. An increasing proportion of new debt goes towards financing existing debt, rather than productive enterprise. The Australian economy is slowly succumbing to the disease that afflicted the US and Europe. Those economies took on too much debt at all levels and are still suffering the consequences.
The post Proof of Australia’s Ponzi Economy appeared first on The Daily Reckoning Australia.