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Another weekend, another blabfest. G20 finance ministers met in Paris.  It seems they’ve agreed to hold another blabfest in April in some other fancy hotel in a fancy city. Meanwhile, according to The Guardian, just 1992.5 kilometres away: “Libya is defying international condemnation of a bloody crackdown that saw troops and mercenaries shooting unarmed demonstrators [...]

Editor’s note: Kris Sayce is on holiday  this weekend. In his place, we bring you Nickolai Hubble with the Daily Reckoning Weekend Edition. If you  like Nick’s style, feel free to sign up for regular delivery of the DR weekend edition here. So, the world has survived the mortgage debacle and the stock market free [...]

If you’re worried we’ve forgotten the National Australia Bank [ASX: NAB] and Westpac’s [ASX: WBC] secret loans from the United States Federal Reserve – don’t.  We’re still on the case. We’ve still got them in our sights… Oops!  Apparently we shouldn’t use that imagery.  Sorry… how about this then: That’ll do it. No harm with [...]

“Frankston is dead” declared the missus to your editor yesterday afternoon. Not literally of course.  We know the bayside suburb has a reputation for being a bit rough. But the idea the whole suburb could have succumbed to a drug overdose or a drive-by shooting seemed extreme. Anyway, we like Frankston.  We’ve lived in and [...]

Well reader, I have to say it, today your editor read the most ridiculous article we’ve ever read on Australia’s now-popped house price bubble. And believe me, that takes some doing.  There’s been a heck of a lot of rubbish written over the years, but the article we read today trumps the lot. What makes [...]

Back in July, a Chinese credit rating agency called Dagong hit the headlines, criticising the existing ratings agencies for rating China unfairly, and favouring America, despite its mounting debt. At the time, it was hard to not question the company’s own interests, but it was refreshing to at least have another voice in the credit [...]

“There is too little money in the economy.” – Bank of England governor Mervyn King, 19 October 2010 SO the FEDERAL RESERVE is dead-set on creating inflation, and it’s plain to see why. Household debt in the US now stands so large, paying it down to 2001 levels – as a proportion of income – [...]

Why this really isn’t the early ’80s recession replayed… WHATEVER the problem is, a lack of money it ain’t. Just so we’re clear. Quite how more money might help, therefore, we can’t say. Still, that won’t stop the world’s No.1 central bank from creating yet more of the stuff. Not according to Ben Bernanke last [...]

Before I get on to today’s Money Morning just a quick note to let you know that you may not hear much from us over the next couple of weeks.
But don’t worry, you won’t be left completely in the lurch. In our place will be either Slipstream Trader Murray Dawes, or Diggers & Drillers [...]

We won’t deny it. It’s always pleasing to see the Macquarie Group [ASX: MQG] share price take a hammering.
Yesterday the stock hit the skids following news that the company expected profit for the current half to be 25% lower than the same time last year:

Share price slump

Source: CMC Markets

The shares closed at $35.25, and [...]