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30 June 2011 – Confidence at low ebb

(Herald Sun) “BUSINESS confidence is at its lowest levels since the global financial crisis due to weak consumer spending and an uncertain economic outlook, a private survey shows. The Sensis Business Index showed confidence fell from 44 per cent to 28 per cent during the June quarter, while small business support for the federal government … Continue reading

29 June 2011 – UK stores put up shutters

(AFR, 29 June 2011, p18, Tom Bawden, London) “Thousands of retail store jobs are on the line across Britain as the fashion chain Jane Norman fell into administration and the discount department store chain TJ Hughes teeters on the brink of collapse…”

27 June 2011 – EU may fracture if Greece fails

(The Age) “AS GREECE faces two fateful parliamentary votes this week, analysts are increasingly resorting to what have previously been the almost unmentionable ”D-words” of the Greek crisis: ”drachma” and ”disintegration”. “If Prime Minister George Papandreou fails to pass new austerity measures demanded by European authorities, Greece has been told, the nation will not receive … Continue reading

27 June 2011 – New global financial crisis alert

(The Age, 27 June 2011, p1, Peter Martin, Economics Correspondent) “MASSIVE debts in some countries and extremely low interest rates make the task of avoiding another global financial crisis ”enormous”, a global banking organisation has warned. “The international organisation of central banks says the scene is set for a new financial crisis unless Greece and … Continue reading

27 June 2011 – Factories get back to work

(AFR, 27 June 2011, p12, Alex Kowalski, Washington) “Orders for durable goods climbed more than forecast in May, so manufacturing may be one of the first areas of the US economy to rebound from a first-half slowdown…”

ATAA National Conference

*** ANNOUNCEMENT *** The 3-day 2011 annual ATAA conference will be in Adelaide on 28-30 October. Come and listen to the experts and progress your wealth generation journey. Leverage your investment successes off the successful tactics and strategies of others. A must-do, great-value event that is not to be missed. Featuring well-respected and well-known overseas … Continue reading

BullCharts – Australian User Group meetings

The Melbourne-based BullCharts User Group has been running for 5 years now, with the 60th meeting scheduled for Wednesday 27 July. For BullCharts users in other locations around Australia, we held a trial “Remote (Online) User Group” meeting over the web last week with much success. We used the AnyMeeting.com webinar tool for sharing the … Continue reading

23 June 2011 – Greece’s moment of truth

(The Age, 23 June 2011, BusinessDay p8, Karen Kissane, Europe Correspondent Athens) “GREEK Prime Minister George Papandreou has jumped one hurdle by surviving a confidence motion in parliament but now faces the tougher test of a vote next week on a range of unpopular austerity measures. “Sceptics in his own party have warned that their … Continue reading

18 June 2011 – Who’s who on mortgage arrears map

(AFR, 18 June 2010, p50, John Black) “As the economic slowdown works its way through the property market, mortgage arrears have been surging in the new outer urban housing estates where young couples snapped up the 2009 first-home buyer subsidies.”

18 June 2011 – Spectre of a new global debt crisis

(AFR, 18 June 2011, p46, David Bassanese) “The prospect of a Greek default has highlighted the issue of public debt in the developed world – and created the fear of contagion.” “…From its peak in early April, the S&P/ASX 200 index of top Australian stocks had slumped 9.8 per cent by the close of trading … Continue reading

18 June 2011 – Default fears haunt traders

(AFR, 18 June 2011, p30, Joanna Heath) “Renewed concerns about a Greek default, high inflation in China and mixed data on the US economy pushed the Australian sharemarket to its longest weekly losing streak for a year, despite domestic shares eking out a slight gain on Friday.”

Before the bulls have bolted

“The best time to prepare for the next bull market is before the bulls have bolted.” – Robert Brain See information about: Funda-Technical Analysis. Contrarian Investing Redefined. Sensible Investing. And more in Brainy’s Share Market Toolbox. Please, watch out for the sharks in the ocean!

17 June 2011 – Nation close to point of no return

(AFR, p20, Nils Pratley, London) “Greeks rioted, the countr’s prime minister offered to resign and the yield on the nation’s two-year sovereign bonds hit 28 per cent, while the Dow Jones Industrial Average fell 190 points at one stage.” Read more at afr.com.au

17 June 2011 – Europe debt crisis rattles markets

(AFR, 17 June 2011, p1, Ben Potter, Washington) “French President Nicolas Sarkozy and German Chancellor Angela Merkel are to meet later today in a bid to stop Greece defaulting on its debts as fears of a wider European financial crisis rattle global markets. “The Ausralian share market fell 1.9 per cent to a nine-month low … Continue reading

17 June 2011 – Greece shakes markets

(The Age, 17 June 2011, Business Day p1, Jared Lynch) “Australia’s sharemarket has pierced the March lows of the Japanese earthquake after Greece said it would default on its bills next month if it was refused yet another bailout.” Read more at The Age here…

16 June 2011 – Year of more retail pain

(The Age, 15 June 2011, Business Day p1, Ben Butler Jared Lynch) “At Melbourne’s Spencer Street shopping centre, the empty windows tell the story. “The complex, sitting atop tje railway lines of Southern Cross Station, is at the heart of Australia’s retail crisis…” Read more at The Age here…

16 June 2011 – Retail woes worsen as bookseller sacks 519

(The Age, 16 June 2011, p3, Ben Butler) “Angus & Robertson has sacked 519 workers in the latest wave of job cuts to hit a retail sector battered by consumer apathy and high debt.” Read more at The Age here…

15 June 2011 – Retailer Colorado to close, jobs to go

(The Age, 15 June 2011, p1, Ben Butler) “More than 1000 people are to lose their jobs as outdoors clothing chain Colorado battered by debt and grim trading conditions, becomes the latest retailer to shut its doors.” Read more at The Age here…

15 June 2011 – Italy’s ‘no’ vote hits uranium explorers

(The Age, 15 June 2011, Business Day p13, Peter Ker) “Australian uranium explorers have endured yet another bad day of trading, with confidence in the nuclear power sector further dented by political developments in Europe.” Read more at The Age here…

15 June 2011 – Corporate health lapses

(The Age, 15 June 2011, Business Day, p5, Clancy Yeates) Business conditions have slumped to levels barely above the flood-stricken lows of February, with trading conditions, profits and employment deteriorating.” Read more at The Age here…

15 June 2011 – QBE boss signals profit downgrade

(The Age, 15 June 2011, Business Day, p2, Adele Ferguson) “Frank O’Halloran described the current insurance environment as the worst he had seen in 35 years.” Read more at The Age here…

15 June 2011 – Borrowers feel the heat; loan arrears rising

(The Age, 15 June 2011, Business Day p1, Eric Johnston) “Commonwealth Bank and Westpac are the most exposed of the big lenders to the rising numbers of missed mortgage repayments, with both dominating mortgage markets in New South Wales and parts of Queensland where rates of arrears are climbing.” “Figures to be released today… with … Continue reading

15 June 2011 – Dire outlook for factories

(AFR, 15 June 2011, p50, Keiko Ujikane, Tokyo) “Japan’s largest manufacturers are pessimistic about business prospects for a third consecutive quarter, after the March 11 earthquake and tsunami that caused power shortages and disrupted supply chains.”

15 June 2011 – Nickel price melted by oversupply

(AFR, 15 June 2011, p28, Maria Kolesnikova, London) “At a time of scarcity in everything from crude oil to copper, nickel is heading for the biggest glut in four years, driving prices lower into 2012.”

15 June 2011 – Short positions hit sharp peak

(AFR, 15 June 2011, p27, Anthony Macdonald). “Short selling of Australian stocks has hit record levels as investors take the view that share prices will keep falling in coming months.”

15 July 2011 – Big cargo ship charter fees collapse

(AFR, 15 June 2011, p26, Michelle Wiese Bockmann, London) “The cost to charter a capesize ship (very large) commodity-hauling vessel for a year is at the lowest level since 2002, pulled down with shorter-term rents as a glut of ships seek cargoes in the Atlantic Ocean.” Read more about this reporter here, or here at … Continue reading

15 June 2011 – China’s inflation surges ahead

(AFR, 15 June 2011, p21, Anna Raissis). “China’s red hot inflation may trigger further monetary tightening from its authorities, but experts are confident that a firmer grip by Beijing will not weigh too heavily on the outlook for Australian companies leveraged to Chinese growth. “China’s annual inflation rate rose from 5.3 per cent in April … Continue reading

15 June 2011 – Greece takes another rating cut

(AFR, 15 June 2011, p19, Landon Thomas, London) “Standard & Poor’s, the credit ratings agency, lowered its grade on GFreel debt to CCC in the latest sign that the market believes Greece will be forced to default on its debt. The three-notch downgrade made Greece’s debt the lowest-rated in the world by S&P, a spokesman … Continue reading

15 June 2011 – 1042 Colorado staff to be sacked

(AFR, 15 June 2011, p4, Emily Parkinson). “Receivers for debt-laden clothing and footwear group Colorado Group will close 140 weak stores and sack 1042 staff after a two-month sale process failed to attract an adequate bid.”

15 June 2011 – Non-mining business still battling

(AFR, 15 June 2011, p4, Adrian Rollins) “Businesses outside the booming mining industry are struggling to regain momentum as falling sales, orders and profits undermine confidence and crimp jobs and investment plans. “A National Australia Bank survey has found business conditions in May fell back to levels in the immediate aftermath of summer’s floods and … Continue reading