The Wall Street Examiner » Australia

Australian Consumer Sentiment Index +0.8% In May Vs April – NASDAQ

Newswires — Wed, 16 May 2012 00:54:27 +0000

Australian Consumer Sentiment Index +0.8% In May Vs April
NASDAQ
SYDNEY -(Dow Jones)- Interest rate cuts, a fall in the jobless rate and a federal budget that included cash payments for families have failed to improve the consumer mood in Australia, a survey published Wednesday shows. The Westpac-Melbourne Institute ...
Banks' rates policy weighs on confidenceSydney Morning Herald

Australia Westpac Consumer Confidence rises to 0.8% in MayForexrazor
Consumer confidence up slightly in MayNEWS.com.au
The Australian
all 124 news articles »

European Equity Futures Retreat as Won Weakens; Copper Advances – San Francisco Chronicle

Newswires — Fri, 04 May 2012 06:57:55 +0000

Bloomberg UTV

European Equity Futures Retreat as Won Weakens; Copper Advances
San Francisco Chronicle
May 4 (Bloomberg) -- European equity futures fell, Asian stocks slid the most in two weeks and South Korea's won slid as Australia's central bank cut its economic growth forecast and investors awaited the monthly US jobs report. Copper gained.
Asian Stocks Drop for Second Day, Won Weakens, Kiwi RisesBloomberg

Asian stocks slip ahead of U.S. jobs dataMarketWatch
Asian Stocks Slide as Bond Risk Rises, Won SlipsBusinessWeek
The Australian -Bloomberg UTV
all 20 news articles »

Occupy movement promises May Day disruption

Newswires — Tue, 01 May 2012 12:41:21 +0000

Occupy movement promises May Day disruption (via AFP)

April PMI shows steep decline – Sydney Morning Herald

Newswires — Mon, 30 Apr 2012 23:50:08 +0000

April PMI shows steep decline
Sydney Morning Herald
AAP Australian manufacturing activity contracted noticeably in April after a small dip in March, a private survey shows. The Australian Industry Group/PriceWaterhouseCoopers Australian Performance of Manufacturing Index (PMI) fell 5.6 index points to ...
Australia Manufacturing Activity Contracts In April - AIGRTT News

U.S. April Dallas Fed Business Outlook Report (Text)Bloomberg
Manufacturing hit by dollar, weak demandThe Age

all 48 news articles »

Getting Ugly in China

Russ Winter — Mon, 19 Mar 2012 04:05:42 +0000

I started writing about Chinese imports into the US over ago [China in the Midst of a Lewis Turning Point]. Total product imports started noticeably slowing in the second half of 2011 on a year over year basis and in the five year average, hiccuped back up late in the year. But going into the new year the dagger is in deep, as US imports are running well below the previous two years, and in fact is running a full third below the 5 year average. Once again there are regularly reports out of China about 15-25% wage increases for Chinese workers. The Shanghai shipping index I used to post has for all practical purposes gone down and stayed down. The export part of the Chinese economy is without question in hard landing. That leaves their housing bubble and it is not fairing much better. Australia’s inflated housing market is also popping and according to Steve Keene there is a lot of exposure.

source: Morgan Stanley

The Best We Can Hope For is Japanese-Style Stagnation

Bears Chat at The Wall Street Examiner — Sat, 03 Dec 2011 12:32:58 +0000

If you haven't heard of him, think of Steve Keen as the Nouriel Roubini of Australia: a vocal economist who pissed people off for predicting the recession before it happened, and is still pissing people off predicting further economic crisis.

In fact Keen says the world is in another Great Depression, where developed countries would be lucky to come out as easily as Japan.

Here's an excerpt from his interview with BBC's HardTalk:

HT: Do you really think we’re headed for another Great Depression?

SK: We’re already in one. And the same thing applied back in the last Great Depression that people didn’t call it one until it was over. Because in an experience like this you’re always hoping there’s change just around the corner, the system will turn around. It’s only after you’ve been through it people look back and see that it’s been going for some years. So the Great Depression wasn’t called the Great Depression until sometime in the late 1930s.

Read more: http://www.businessi...2#ixzz1fTSmPOyZ

The Next Financial Crisis Will Be Even Worse

Bears Chat at The Wall Street Examiner — Thu, 07 Jul 2011 03:50:15 +0000

SMARTMONEY JULY 6, 2011, 4:40 P.M. ET.
The Next Financial Crisis Will Be Even Worse
Brett Arends on why we're doomed to make the same mistakes we made in 2008..
By BRETT ARENDS

The last financial crisis isn't over, but we might as well start getting ready for the next one.

Sorry to be gloomy, but there it is.

Why? Here are 10 reasons.

1. We are learning the wrong lessons from the last one. Was the housing bubble really caused by Fannie Mae, Freddie Mac, the Community Reinvestment Act, Barney Frank, Bill Clinton, "liberals" and so on? That's what a growing army of people now claim. There's just one problem. If so, then how come there was a gigantic housing bubble in Spain as well? Did Barney Frank cause that, too (and while in the minority in Congress, no less!)? If so, how? And what about the giant housing bubbles in Ireland, the U.K. and Australia? All Barney Frank? And the ones across Eastern Europe, and elsewhere? I'd laugh, but tens of millions are being suckered into this piece of spin, which is being pushed in order to provide cover so the real culprits can get away. And it's working.

2. No one has been punished.

http://www.smartmoney.com/invest/markets/the-next-financial-crisis-will-be-even- worse-1309984020176/

Charting Down Under: The Australia All Ordinaries Index

dshort.com - Financial Life Cycle Planning — Tue, 07 Jun 2011 16:35:36 +0000

June 7, 2011 updated by request

What would the S&P 500 look like without the Tech Bubble? Perhaps something resembling Australia's All Ordinaries Index. I've included the S&P 500 in the background to support the idea.

There are some who might view the All Ordinaries dramatic 56-month rise to the 2007 peak as a bubble. While the Old Ord may indeed have become frothy, it's no match for a couple of historic bubbles. More...

View the original article on dhsort.com

The Pissanti Report

Newswires — Tue, 06 Oct 2009 14:57:54 +0000

By Ags Nightmare

Oct. 6 (Stool Pigeons Wire) ” Folks…the bulls can do no wrong…Australia cut rates!!! ( yep he said that )….. just look at Mosaic…they missed by a country mile…sales down, revenues putrid, earnings non existent….but they said things will get better and it’s up huge pre market…everyone is celebrating the demise of our currency so what can go wrong ?…..equity traders just “love” having the dollar turn into confetti!”…. now folks…that’s some powerful reasons to say “the bulls win”…this is ” dumber then a bag of rusty nails”…the Pissant….back to you Whiskey !”…..

Citicorpse Uses Tarp To Expand Lending… In AUSTRALIA!

Lee Adler — Wed, 11 Feb 2009 12:48:07 +0000

Here’s another piece that was exclusively reported this morning on The Stool Pigeons Wire by reporter Al Ceringa.

In commemoration of the US$3 Trillion of new debt that is being shoved down the throats of the American Taxpayers in the last 48 hours, we the residents of Australia would like to thank all American Stoolies for your gracious largess.

Those fine, fine people at ShittyCorpse have just sent out a mass mailing here in Oz and gone on a TV and radio blitz offering Australians credit cards at 2.9%, a rate which can only be explained as being a result of their US government handouts.

Thank you to ShittyCorpse and thank you my fellow Americans.

Link

Stay up to date with the machinations of the Fed, Treasury, and foreign central banks in the US market in the Fed Report in the Professional Edition, Money Liquidity, and Real Estate Package. Try it risk free for 30 days. Don’t miss another day. Get the research and analysis you need to understand these critical forces. Be prepared. Stay ahead of the herd. Click this link and get in RIGHT NOW!