With the Trumpflation euphoria easing back slightly overnight, leading to a modest paring in the USD index and US Treasury yields, Asian and European stocks rose, while US equity futures rebounded to just shy of new all time highs, as crude jumped on renewed optimism that OPEC will agree to cut output; Italian equities underperformed ahead of the Italian referendum; metals rebounded from last week’s losses as yields dropped and the dollar halted its longest winning streak versus the euro....
Read More »D-day for Australia’s Real Estate Bubble?
Unknowable Degrees of Bubble Insanity Back in February, we brought you an update on the truly insane real estate bubble in Australia (see: “Australia’s Housing Bubble – In the Grip of Insanity” for details) in the wake of Jonathan Tepper of Variant Perception reporting on an eye-opening fact-finding tour in Sydney. This rotting shack in Sydney and its tiny plot of land sold for nearly $1 million in May of 2014 – more...
Read More »Argor-Heraeus: Another giant Swiss gold refinery goes on the Sales Lot
Submitted by Ronan Manly, BullionStar.com News has just emerged in the gold market that the giant Swiss precious metals refiner Argor-Heraeus has held discussions to be acquired, and that the likely outcome is an acquisition by a private equity group. This private equity group is believed to be London-based WRM CapInvest, part of Zurich headquartered WRM Capital. Other interested buyers are also believed to have...
Read More »Argor-Heraeus: Another giant Swiss gold refinery goes on the Sales Lot
Submitted by Ronan Manly, BullionStar.com News has just emerged in the gold market that the giant Swiss precious metals refiner Argor-Heraeus has held discussions to be acquired, and that the likely outcome is an acquisition by a private equity group. This private equity group is believed to be London-based WRM CapInvest, part of Zurich headquartered WRM Capital. Other interested buyers are also believed to have...
Read More »Argor-Heraeus: Another giant Swiss gold refinery goes on the Sales Lot
Submitted by Ronan Manly, BullionStar.com News has just emerged in the gold market that the giant Swiss precious metals refiner Argor-Heraeus has held discussions to be acquired, and that the likely outcome is an acquisition by a private equity group. This private equity group is believed to be London-based WRM CapInvest, part of Zurich headquartered WRM Capital. Other interested buyers are also believed to have examined a bid for Argor-Heraeus, including Japanese refining group Asahi...
Read More »Jim Grant Puzzled by the actions of the SNB
Retaken from Christoph Gisiger via Finanz und Wirtschaft, James Grant, Wall Street expert and editor of the investment newsletter «Grant’s Interest Rate Observer», warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold. From multi-billion bond buying programs to negative interest rates and probably soon helicopter money: Around the globe, central bankers are...
Read More »If You Can’t Touch It, You Don’t Own It
The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing their clients the right to cash out of their mutual funds. Of the 35 billion invested in such funds, just under £20 billion has been affected. For those readers who live in the UK, or are invested in UK mutual funds, this is...
Read More »“Around 30 Percent of Global Assets Are Sustainably Managed”
Ursula Nötzli Breinlinger: The topic of sustainability is very much in vogue. What should investors understand by the term "sustainable investing"? Béatrice Fischer: The aim of sustainable investing is to combine financial returns with positive repercussions for the environment and society. The investor strives to build up a comprehensive view that also includes non-financial factors. In investment decisions, the investor also takes into account sustainability aspects, i.e....
Read More »Australian property bubble on a scale like no other
Australian property bubble on a scale like no other Yesterday Citi produced a new index which pinned the Australian property bubble at 16 year highs: Bubble trouble. Whether we label them bubbles, the Australian economy has experienced a series of developments that potentially could have the economy lurching from boom to bust and back. In recent years these have included: the record run up in commodity prices and...
Read More »Australian property bubble on a scale like no other
Australian property bubble on a scale like no other Yesterday Citi produced a new index which pinned the Australian property bubble at 16 year highs: Bubble trouble. Whether we label them bubbles, the Australian economy has experienced a series of developments that potentially could have the economy lurching from boom to bust and back. In recent years these have included: the record run up in commodity prices and...
Read More »