Resources growth, infrastructure construction, technology advances, business opportunities and optimism have served Australia well since the last quarter of 2007 which is when history will place the commencemnt of this world crisis cycle when major financial institutions began to distrust each other's credit commencing a squeeze which sent many to the wall and a re-assessment of asset values which is not over yet. If anyone wants direct no nonsense guidance about business, investment, companies and opportunity in Australia come to www.maddenslaw.com Continue reading

As I move around the city of Sydney from meeting to meeting, all report that small and medium size businesses in my clientelle are ticking over nicely but directors and managers are nervously sniffing the breeze to assess what kind of economy unfolds. The brief excitement in the spring residential market in this city seems to have subsided with fewer sales going through conveyancers. And of course, the big end of town is content with funds raised in their rights issues and the outcome of the Federal government stimulus package despite volatile share prices and shareholders sniping at directors' remuneration... Continue reading

« What next? Roubini says we have time before next catastrophe What can it mean? Gold price goes higher & the Sage buys a railroad & Roubini predicts crash as US$ goes upBy philipmaddenlawyerconsultantaaastrategic 4 Nov. The IMF gold 200 tonnes of it went to the Indian central bank despite the Chinese offer to buy it. Who bought the the other 203 tonnes? No doubt the Chinese will keep buying on market. Would that mean the price must go higher to US$1200 per oz or is the market flooded? Now piece that with Warren Buffett’s bet on the US economy... Continue reading

Now Cassandra what time is it? Time to take a second hard look at the share markets when share Price/Earning ratios are averaging 27! and there are reduced profits, reduced dividends or none! What else is this? They are talking up real property too soon, when most banks are just starting the mortgagee sale process (inter)nationally because they did not want to take the write downs while raising capital or begging assistance from government. Have you seen any loans to small-medium-enterprise? It is now so tight for even big business unless they had a rights issue recently. Brave hearts may... Continue reading

It must mean some very wealthy people, cashed up corporations and governments, all well-informed, are extremely nervous about the world economy and the US dollar in particular. Historically, this kind of hedging in gold immediately precedes major dislocation like wars, economic catastrophe, national collapse. This flight to gold is more evidence that this GFC is not over and may be just starting whatever else may be about to break. So, apart from buying gold, what can anyone do to prepare for whatever may come? Plenty! Get out of debt, stay out of debt, look for sustainable solutions for your next... Continue reading

Not alone in this one. A few commentators are hedging their bets with a strong inclination to a second crash or let us call it another probably last major adjustment. Locally see David Bassenese Australian Financial Review late last month and comments from Sir Ron Brierley (I am in Sydney). But why? For a start, why not ask these questions? Are assets over-valued? Is good real estate an attractive return on price? Are price/earning ratios on listed shares good value? Where are the earnings? Where is that other US $2.5 trillion toxic debt (secured over bad useless assets) of the... Continue reading