Sunday, August 28, 2016

Keiser Report with Sandeep Jaitly

The irrepressible Max Keiser interviews one of my favourite commentators and deep thinkers, economist Sandeep Jaitly about negative rates, private placements and Trump’s gold standard plans.

Friday, August 19, 2016

Weekend Chillout - I Know A Girl

My favourite Sydney Indie band, The Preatures have just released a new single :-)

When Will the Helicopter Take Off? - Incrementum's 10th Advisory Board Discussion
Click on image to access report

Wednesday, August 17, 2016

Gold Chat with John Embry and Egon von Greyerz

Keiser Report - Schrödinger's Brexit

Doug Noland - The Consequences of Massive Credit

Weapons Systems and Political Stability - A History

Came accross an interesting history book today written by the US Historian, Carroll Quigley. It can be downloaded in PDF format for free here Read a review here

Weapons Systems and Political Stability - A History

   "One thing we learn from experience with power is that force is effective in subjecting the will of one person or group to that of another person or group only in a specific situation. There can be no general subordination of wills, because, as situations change, the wills of both parties may change."

Carroll Quigley. Weapons Systems and Political Stability. 1st ed. 1983. p. 35


Friday, August 12, 2016

Gold for Australian Investors by Jordan Eliseo and Nicholas Frappell

Gold for Australian Investors is the first book written specifically for local investors wanting to better understand how the gold market works. Written by ABC Bullion Chief Economist Jordan Eliseo, the book looks at the performance of Australian dollar gold over the last 45 years; its interaction with other asset classes, and the benefit the precious metal can bring to Australian investors holding it as a core asset in their portfolio.

The book covers in detail:
- How the physical gold markets works, from mining to refining, to trading and daily liquidity
- Demand trends amongst gold buyers
- The major myths regarding gold investment
- The benefits of including physical gold in your portfolio
- Examples of successful investors with strategic gold holdings
- Solutions for Australian investors including SMSF trustees and managed funds
- An interview with an Australian portfolio manager investing in gold
- Why gold and gold stocks should be looked at as different asset classes
- A case study looking at an Australian gold investor

Pre-purchase here 

Weekend Chillout - Autumn Leaves

Nice mellow version of a classic tune, done as a nice organic Cm waltz.
Some good interplay, for example from 7:56 between Kitty and the awesome Ed Jones on tenor sax.
Download the audio track as an MP3 FREE here:

John Rubino - There Is Financial Crisis Coming That Will Make 2008 A Walk In The Park

David Morgan - The Tide has Turned on Silver

Saturday, August 6, 2016

Weekend Chillout - You've Always Got The Blues

Being a cold and damp Sydney night I thought some blues would be in order. The TV show this song came from is tragically 80's and should be forgotten, but the singers Kate Ceberano and Wendy Matthews are brilliant and still performing to this day.

Jim Rogers on Gold Seek Radio

Tuesday, August 2, 2016

RBA lowers the Cash Rate by 25 basis points to 1.50%

Media Release Statement by Glenn Stevens, Governor:
Monetary Policy Decision

Number 2016-18
Date 2 August 2016

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016.

The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. Actions by Chinese policymakers are supporting the near-term growth outlook, but the underlying pace of China's growth appears to be moderating.

Commodity prices are above recent lows, but this follows very substantial declines over the past couple of years. Australia's terms of trade remain much lower than they had been in recent years.

Financial markets have continued to function effectively. Funding costs for high-quality borrowers remain low and, globally, monetary policy remains remarkably accommodative.

In Australia, recent data suggest that overall growth is continuing at a moderate pace, despite a very large decline in business investment. Other areas of domestic demand, as well as exports, have been expanding at a pace at or above trend. Labour market indicators continue to be somewhat mixed, but are consistent with a modest pace of expansion in employment in the near term.

Recent data confirm that inflation remains quite low. Given very subdued growth in labour costs and very low cost pressures elsewhere in the world, this is expected to remain the case for some time.

Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 is helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are all assisting the economy to make the necessary economic adjustments, though an appreciating exchange rate could complicate this.

Supervisory measures have strengthened lending standards in the housing market. Separately, a number of lenders are also taking a more cautious attitude to lending in certain segments. The most recent information suggests that dwelling prices have been rising only moderately over the course of this year, with considerable supply of apartments scheduled to come on stream over the next couple of years, particularly in the eastern capital cities. Growth in lending for housing purposes has slowed a little this year. All this suggests that the likelihood of lower interest rates exacerbating risks in the housing market has diminished.

Taking all these considerations into account, the Board judged that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting.


Media and Communications
Secretary's Department
Reserve Bank of Australia

Phone: +61 2 9551 9720
Fax: +61 2 9551 8033