Spain is and we all know the nightmare that is just waiting to happen if you think it will get better then that's your call but I feel that it is coming in the next week we will know what the true story is and it will be as most thought not pretty.
The cost of the Chevron (CVX) led Gorgon LNG project off the northwest coast of Australia has soared by $15B to $52B, due to rising wages, weak productivity, logistical problems, bad weather and the strong Australian dollar. Production could also be delayed. Chevron owns 50% of Gorgon, while Exxon (XOM) and Shell (RDS.A) own 25% each. (Chevron production update) [View news story]
Doing biz in OZ is not what everyone thinks it is cracked up to be slow and wow very very costly. OZ is in for some very strong head winds it has already started if u r in AUD or have other investments down under get ready to move out soon housing crash on the cards very soon its has started and even with the RBA cutting rates Australians are now aware of the scam of over priced housing just like what happen in the USA/Euro/UK
Rio Tinto May Leap 50% Higher By 2014 [View article]
There is no way RIO will be even close to 10% above its current price of today, iron ore pricing is in trouble with so much iron ore to come into the market place over the next 12 months or so . Rio will be 10% down from today's price just watch it even better short it.
The Fed releases its stress test results: "Despite large hypothetical declines, the post-stress test capital level ... of 15 of the 19 bank holding companies were estimated ... above all 4 of the regulatory minimum levels ... even after considering the proposed capital actions, such as dividend increases or share buybacks." [View news story]
Australia Can Be A Good Barometer Of Chinese Growth [View article]
I can not agree with this article as I am on the ground here it Australia and things are not goodas a lot of people think, lots of people nevrous, job lay off's are happening now at pace, housing prices going down etc etc so please do not think that its all sweet down here.
Thursday: It's the End of the Quarter as We Know It [View article]
Phil, Just love reading your articles they are the best on Alpha keep it up and you are spot on re Oil and those manipulative bastards . Macca from Down Under!
"This is no longer funny," says economist Adam Carr, calling for the RBA to hike rates ASAP following Australian core inflation rising 0.9% in Q1 vs. expectations of 0.6%. The aussie shoots higher, hitting another multi-decade record, now buying $1.082. Aussie shares -0.9%. [View news story]
I agree Adam Carr is a econ-o- miss and he has missed on a few big ones before, if rates go up in OZ then the whole place will crash mainstreet is doing it really tough at the moment.
I would be selling Camerons for sure as they are in big trouble by that I mean there management team is more interested in politcal matters within the company lots of new management in place with no product knowledge. I know as I am from the market place.
General Electric Rebounds To Build Investor Confidence [View article]
Australia mining well if GE have invested big time here they will have to wait sometime for a return its scary what is happening here in mining its on a go slow and by the way a lot of big OZ miners are getting ready to start operating in Africa and other low cost low wage places etc etc.
The Momentum Trade Is Nearly Over; Economy Isn't As Strong As You Might Think [View article]
Fandango Thursday - Does Anything Really Matter? [View article]
Why I Am Buying The Pain In Spain [View article]
The Sound of Something Bad Not Happening...Yet [View article]
The cost of the Chevron (CVX) led Gorgon LNG project off the northwest coast of Australia has soared by $15B to $52B, due to rising wages, weak productivity, logistical problems, bad weather and the strong Australian dollar. Production could also be delayed. Chevron owns 50% of Gorgon, while Exxon (XOM) and Shell (RDS.A) own 25% each. (Chevron production update) [View news story]
OZ is in for some very strong head winds it has already started if u r in AUD or have other investments down under get ready to move out soon housing crash on the cards very soon its has started and even with the RBA cutting rates Australians are now aware of the scam of over priced housing just like what happen in the USA/Euro/UK
Rio Tinto May Leap 50% Higher By 2014 [View article]
The Fed releases its stress test results: "Despite large hypothetical declines, the post-stress test capital level ... of 15 of the 19 bank holding companies were estimated ... above all 4 of the regulatory minimum levels ... even after considering the proposed capital actions, such as dividend increases or share buybacks." [View news story]
Australia Can Be A Good Barometer Of Chinese Growth [View article]
What If This Is As Good As It Gets For The Stock Market? [View article]
Coming Week: Why EU Credit Downgrades Coming, Bond Sales [View article]
I always look forward to your articles they are the best.
Macca from Down Under.
(Australia).
Thursday: It's the End of the Quarter as We Know It [View article]
Just love reading your articles they are the best on Alpha keep it up and you are spot on re Oil and those manipulative bastards .
Macca from Down Under!
As Euro Bulls Suffer Set Back, Is There More to Come? [View article]
"This is no longer funny," says economist Adam Carr, calling for the RBA to hike rates ASAP following Australian core inflation rising 0.9% in Q1 vs. expectations of 0.6%. The aussie shoots higher, hitting another multi-decade record, now buying $1.082. Aussie shares -0.9%. [View news story]
Why I'm Selling Oil Stocks [View article]
General Electric Rebounds To Build Investor Confidence [View article]