Macro Investor Vol 1, No 9. is now available at the website and in PDF.
War is peace, ignorance is strength, there was no mining boom…
The mining boom has transformed Australia’s political economy in ways that will be felt for years to come as what has been forecast as a structural revolution will, in history’s sweep, be seen as another aberrant cycle.
You wouldn’t think so however if you believed some of the recent commentary of Australia’s political and business leaders, some of whom say that it’s all about the carbon tax, and one of whom even denies the boom’s very existence (see this week’s Wrap for more). In an extraordinary display of group doublethink by our economic elite, a frank debate and assessment of our situation has been obfuscated, turned on its head, and twisted again so that narrative and reality are mutually unintelligible.
Luckily however, while words and interpretations can be spun, data cannot and we have a clear light to guide our investments. This week we look at that data, ranging from iron ore prices, to European PMIs, to US jobless claims to Melbourne mortgages, and give you specific, actionable and easy to follow tactics and strategies as we navigate the fog of fuzzy thinking.
In this week’s edition we also take a look at 80 stocks that have reported in the last week, pinpoint four in our regular stock profiles, discuss a range of currency and commodity trading ideas that any retail investor can participate in, evaluate the situation with interest rates and provide the first instalment of a series covering the most commonly misunderstood share market terms.
Plus there’s our weekly portfolio updates, our ongoing assessment of the global economy, the latest on Aussie house prices and much more besides. We hope you find pleasure and profit in this week’s edition.
