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Sorry for the late delivery of Money Morning today.  We had a few errands to run this morning and so we started much later than usual… West Texas Intermediate Crude briefly joined its cousin – Brent Crude – above USD$100 last night. It didn’t last.  Even so, WTI closed US trading above USD$96.  And Brent [...]

How much gold is too much gold if you’re a fixed-income investor…? GOLD DOESN’T pay any income, of course. Which is why retirees and pensioners should hate it. But since gold cannot go bust – and because its tight supply typically finds strong demand when cash loses value to inflation in the cost-of-living – gold [...]

“It finds that the IMF provided few clear warnings about the risks and vulnerabilities associated with the impending crisis before its outbreak.  The banner message was one of continued optimism after more than a decade of benign economic conditions and low macroeconomic volatility.  The IMF, in its bilateral surveillance of the United States and the [...]

Soft gold prices without hard-money rates? Not for long, says the world’s 40-year unbacked money so far… JUST HOW MUCH ABUSE can soft money take? Two-thousand-and-eleven sees a big, but so far little-noted ruby anniversary. Expect to hear lots more about it as August 15th draws near. Because that day will mark 40 years since [...]

“World needs $100 trillion more credit, says World Economic Forum”, reports the UK’s Daily Telegraph. The World Economic Forum (WEF) has published a report titled: “More Credit with Fewer Crises: Responsibly Meeting the World’s Growing Demand for Credit” You can click here to access the full 84-page report. OK. So, more credit is needed is [...]

Before we get to today’s Money Morning we just had to relay the exciting news about the Queensland floods. According to today’s The Age: “Queensland rebuilding will boost GDP” We wondered how long it would take the mainstream press to roll out that old chestnut. The mainstream press’s new economic heartthrob, HSBC’s Paul Bloxham said: [...]

Today’s Money Morning contains a special surprise for you… With the help of one of my colleagues I’ve produced a short cartoon video. It’s based on our revelations surrounding the Aussie banking bail outs. Hopefully you’ll like it. And if you really like it perhaps you’ll forward it to your friends. Then they can find [...]

Poor National Australia Bank [ASX: NAB]. Or I should say poor customers of National Australia Bank. Another so-called “glitch” struck it again yesterday afternoon. Twice in the space of a couple of weeks. Dear oh dear. If you’re an NAB customer I’d suggest twice is enough. It’s time to shift your savings account somewhere else. [...]

You’ve read a lot about the banks in Money Morning during the past week. And today is no different. So strap yourself in… Yesterday we gave you the reply we’d gotten from the Reserve Bank of Australia (RBA). We’d asked them when the RBA had been told about National Australia Bank [ASX: NAB] and Westpac’s [...]

“The quality stuff we’ve got is still selling well but the B and C-class properties have been hit harder.” That’s according to John Bongiorno, director of Melbourne real estate agency Marshall White, quoted in today’s Australian Financial Review (AFR). But the following part was the best bit, as written by AFR journo Ben Hurley: “The [...]