Can anyone suggest any reliable economic commentators to follow (other than a few very fine minds on this forum). I follow Schiff but he is UScentric and in a general sense Daily Reckoning, but it is a two note opinion - gloom and doom. Steve Keen is - well, academic, and eventually may be right given time. Of course Pascoe is a very good contra-indicator but hardly has depth. Our connection to China, our massive minerals projects and investments, our 5 speed economy and our general disconnect from Europe and USA in favour of asian influences, the influences of a very slowly declining housing market and our massive private debt are a very complicated picture. Next to attempting to read between the lines of RBA minutes, can anyone suggest astute commentators dealing with Australia specifically (and with a track record!)
Been watching Switzer for the last month and to be honest it seems as if there is a 50/50 split between the doom and upside people. To be honest i dont think anyone knows where the market is going. Had to laugh last week and they were discussing the trader on BBC and the goldman sach's incident. 1 panelist said the guy was a looney the other said that he didnt think he was far away from the truth. To be honest what the doom/realists are saying goes completely against what the new generation of easy money traders have been taught. When growing up my parents and grandparents said that you had a to learn how to save money to get ahead,dont borrow to much. My first house loan was at 11.5% if that was the case now there would be panic in the streets. Alot of commentators are saying we are saving too much and it is damaging the economy!!! how can you ever save too much??
Just to reiterate - there are only two places you need go in order to stay on top of economic news: 1. www.dailyreckoning.com.au (subscribe for free daily newsletter) 2. www.moneymorning.com.au (") Anything else is hardly worthy of reading :lol:
YKY for the most part, the saddest part about your post right now is it is true. The whole Port Phillip Publishing group are the best bunch of people to be listening too. Admittedly, there is a Yank, a Pom, a German in there but they are but their Australian and world commentary is the best I have seen.
I find Daily Reckoning and Money Morning very doom and gloom and any commentator who constantly takes one stance is in danger of missing the big picture. Nothing is black or white. If find people such as Marc Farber similar. I agree with 99% of what they say, but predictions and timelines, together with moving out of their own paradigm seems difficult for them, and for me that limits the perspectives I can gain from reading just these sort of sources. For anyone interested I've come across the following. Some of it may be rubbish, some may be accurate, but considering almost all economic commentators are retrospective apologists, one can only source the best information and views and decide for yourself. http://macrobusiness.com.au/ http://www.arabianmoney.net http://marketoracle.co.uk/ and I always check http://www.goldinmind.com/gold-updates-news/the-siren.html with summaries of twitter and blog feeds from Schiff, Celente and Martenson p.s. bullionbaron.com.au is a regular and excellent read as well.
Far out - and thank you very much! (this was so valuable it warranted more than a "clicky" thank you!)
