Australia

Coal prices are surging ahead even as most other commodities pull back, spurred on by expectations that metallurgical and thermal coal production will again fail to meet rising global demand this year. The result? Record profits for major…

Bill Gross: Low policy rates and the increasing negative real yields that they engender as inflation accelerates represent an immediate threat to investment portfolios. Bond prices don’t necessarily have to go down for savers to get skunked…

Australia's powerful coal industry is rocking the country's political boat again. It was only 10 months ago that former Prime Minister Kevin Rudd lost his job over an emissions trading scheme that the mining industry opposed vehemently. Now…

A few weeks ago, the Economist put out its quarterly gauge of house price values. Australia just beat out Hong Kong as the most overpriced market in the developed world, with an overvaluation of 56%. Japan was by far the most undervalued…

I will be on RT TV America at 4PM ET talking about the economy for readers in North America. Tune in! The usual Fare Analyst in $100m property bet with Wall St guru | News | Business Spectator Keith Olbermann SUSPENDED From MSNBC…

If you’re reading this Salvo on the day it is posted, then you are likely holding your breath on a number of fronts: the outcome of the election tonight, the FOMC announcement tomorrow afternoon and the policy meetings of the Bank of…

This time last year, The Economist’s survey of global house prices was a sea of negative numbers. That was then. Of the 20 markets tracked in our latest survey, only four still posted year-on-year declines and only Ireland’s property…

Highlights The US dollar rise yesterday looks like a one-day wonder, with the euro returning to the $1.38 area, sterling moving through yesterday’s highs and the Swiss franc at new record highs vs the greenback.  The Australian…

In yesterday's daily note, David Rosenberg showed us this chart of the wild swings in the foreign exchange markets since the beginning of 2007. His interpretation of the chart is that it demonstrates a "series of rolling currency…

Exit polls show Gillard as the winner. Here is the Taiwanese animated version of recent Australian politics. Enjoy.