No wonder markets have tanked worldwide and the US has lost its AAA credit rating, writes Adam Creighton, a research fellow at The Centre For Independent Studies.
Gold price
Yes, residential property does outstrip gold price
While the price of gold has increased by 11.99% annually since 2001, that rise has been clearly outstripped by the increase in residential property in all capital cities other than Sydney.
If global asset markets slump, so will the price of gold
With the exception of use in jewellery, gold offers virtually no practical use. However, it has been arguably the world’s best store of value for the past few thousand years.
Business As Usual: China trade figures still strong … rate rises on hold as Euro relief kicks in …
China’s hot property, plus the relief rally to beat all relief rallies, the Europe rescue in place, all rate rises have been put on hold and other business news of the day from around the globe.
Business As Usual: China property prices soar … gold prices to be driven down …
China property prices hit record highs … Greece is in worse shape than most thought … Plane sailing for Macquarie … A bonus for the hard-working South Korea … An embarrassing time for Morgan Stanley … Fluctuating fortunes of the gold market …
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
