Australia

Tyler Durden's picture

Stop Printing Money For The Banks, Hand Out Cash To The People Instead, Citi Tells Australia





"Fiscal stimulus to households was successful during the financial crisis. Cash payments to households of around 1% of GDP (half of the size deployed during the GFC) could help lift economic growth close to trend, particularly if the accompanying political message was “confidence enhancing." - Citi

 
Tyler Durden's picture

Markets Twist And Turn On Every Headline In The Endless Greek Tragedy





For a sense of what is driving sentiment this morning look no further than the Athens stock market which exploded higher yesterday on a Bloomberg story based on "two sources" that Germany was willing to compromise, only to close just as the IMF pulled a classis bad cop and announced it was halting work on Greece, and before further news from Bild that Germany was preparing for a Greek default while Europe had given Greece 24 hours to submit a final, workable proposal. As a result, it tumbled promptly at the open even as optimism persists and since the opening plunge, Greek stocks have continued to climb and are now back to yesterday's euphoric opening levels.

 
Tyler Durden's picture

Investing In Gold (Because Central Bankers Will Never Get Religion)





Gold bugs weren’t wrong - just super early. If central banks ever got religion and pulled a Volcker and hiked rates to the moon, it would be a remarkably bad time to hold gold. However, throughout history, there have been times where people were very sad that they didn’t own gold. We talk about one of them here. It’s very real, and the history of fiat currencies is also quite sad.

 
Tyler Durden's picture

Big Pharma Revealed As Puppetmaster Behind TPP Secrecy





When it came to the highly confidential TPP, it was unclear just which corporations were dominant in pulling the strings. Now thanks to more documents published by Wikileaks, and analyzed by the NYT, it appears that "big pharma" is the mastermind behind the Trans Pacific Partnership, which if passed will "empower big pharmaceutical firms to command higher reimbursement rates in the United States and abroad, at the expense of consumers" according to "public health professionals, generic-drug makers and activists opposed to the trade deal."

 
Tyler Durden's picture

Aussie Central Bank Admits, Property Prices "Have Gone Crazy"





With The Philly Fed admitting QE has been the driver of inequality in the USA and the Kiwis slashing rates unexpectedly, the fact that Reserve Bank of Australia Governor Glenn Stevens uttered the following is even more crucial. "I think it's a social problem," Stevens told the Economic Society of Australia, adding ominously, "I think some of what's happening is crazy," specifically pointing to Sydney property prices as an example. No matter where we look around the world, Central Bankers appear to be exercising their honesty glands about the impact of their policies. However Stevens can't help himself at the end, noting "we remain open to the possibility of further policy easing."

 
George Washington's picture

What's the REAL Risk from Terrorism?





As We Show In This Updated List, You’re Much More Likely to Be Killed By Brain-Eating Parasites, Toddlers, Lightning, Falling Out of Bed, Alcoholism, Food Poisoning, Choking On Your Meal, a Financial Crash, Obesity, Medical Errors or “Autoerotic Asphyxiation” than by Terrorists

 
Tyler Durden's picture

Forget the TPP: Wikileaks Releases Documents From The Equally Shady “Trade in Services Agreement"





If you think the corporate-fascist state is overbearing and oppressive now, you ain’t seen nothing yet.

 
Tyler Durden's picture

A Hopeful Edward Snowden Says "The Balance Of Power Is Beginning To Shift"





"The balance of power is beginning to shift. We are witnessing the emergence of a post-terror generation, one that rejects a worldview defined by a singular tragedy. For the first time since the attacks of Sept. 11, 2001, we see the outline of a politics that turns away from reaction and fear in favor of resilience and reason. With each court victory, with every change in the law, we demonstrate facts are more convincing than fear. As a society, we rediscover that the value of a right is not in what it hides, but in what it protects."

 
Marc To Market's picture

Dollar Outlook





Grit your teeth if you have to.  Cry if you want to.  US labor market is improving and the dollar is strengthening.

 
Tyler Durden's picture

Who's Next? China Finally Starts Snapping Up Gold Miners





One (perhaps the only) bright spot in the past few year’s gold market has been Chinese and Indian demand for the metal. But physical bullion is only part of the story, and may not be the biggest one going forward. Speculation has been circulating for years that China’s miners, flush with cash from selling their low-cost output to the government, would soon start buying up the world’s in-ground gold reserves... and now, finally, the China-buying-all-the-gold-mines scenario has begun to solidify.

 
Pivotfarm's picture

Top 10 Military Spenders





A man of distinction in today’s world is a man that throws his money in military monkey business, the shenanigans that our wealthiest nations excel at.

 
Tyler Durden's picture

Futures Rise, Bund Rout Pauses On "Cautious Optimism" Ahead Of Greek Endgame





With the Greek IMF payment just 48 hours away, and Europe having submitted its best and final offer to Greece in a battle of "deal proposals", today Greek PM Tsipras will meet with European Commission President Juncker to discuss the recently submitted reform proposals by the Greek premier. However, a Greek government spokesman says that Greek PM Tsipras will not meet Eurogroup's Dijsselbloem despite several reports suggesting that they would do so later today. Last night it was reported that the EU, ECB, IMF agreed on terms for a cash-for-reform plan to be presented to Greece. However, a senior EU official has said that they are concerned that the stringent measures of the proposal could be met with rejection by Greece.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!