A viewer to my program SWITZER on Sky News Business Channel made the point that he was a regular ‘watcher’ of the show but he reckoned the resource super profits tax had made my show slip! That is, he inferred that I have a political bias, which was now showing. And because I won’t let […]

The Yanks are on a public holiday — Memorial Day — and so, for a change I have gone to Europe to see what has happened there overnight. And in reality it’s the place to look given it’s the stumbling block for the global recovery. In fact, its pathetic management of the debt dramas on […]

Europe and its EU member nations are going to make life on stock markets hard again this week as the negativity of what Europe’s problems might mean for the global economy, credit markets and then share prices goes into battle against an improving US economy and even an economically healthier Japan! Over the weekend, Wall […]

It’s ironic but just as the media runs with the story that the Rudd Government was rethinking its resource super profits tax, the stock market has a big bounce. Of course, the decision did not drive Wall Street but it will push our market up today with the Oz dollar up over the 84 US […]

Wall Street’s failure to go on with the positive job overnight could be seen as a disappointment but it could be the calm before the storm. Or maybe I should call it the friendly wind that blows up a few buying opportunities. Running my eyes over the banks and their current share prices and then […]

You may well ask what in the hell is going on in financial markets? And the accurate answer is a lack of confidence is mixing in with trading opportunists who play the momentum and the trend. The negative news At the moment the news is negative. While it’s not all negative, the negative is far […]

I have to take a very early flight to Cairns today but I wanted to hit you with a dramatic observation about the resource super profits tax (RSPT). While I have been away in Shanghai, the Rudd team have gone back to what they know — politics — to battle the mining industry, which is […]

After a week of disastrous dives, Wall Street went positive after a pretty worrying start on Friday. This should give our market a chance to resist gravity today. However, there’s still a lot of nervousness out there. So, why is the current crop of market sell-offs happening? And how worried should we be? Who’s who? […]

Stock markets are sent to test us and the ordeal is made worst when Governments and politicians trying to save their skins get in the way. Overnight Wall Street had its worst day of the year. And investors were worried about a German vote on the European rescue plan and the US Senate was to […]

Waking each morning in Shanghai this week I’m two hours behind my usual Wall Street play and it has meant I have been two hours late in saying what I have said all week when I have jumped out of bed: “What the...?” And while I don’t like to see the market head down, I […]

After jumping the gun and forcing up interest rates to avoid a future inflation threat, our Reserve Bank could be now having a Homer Simpson “D'oh!” moment with the Euro debt crisis raising the spectre of not inflation, but deflation! The simple thinking would run this way — Europe’s austerity measures shows down eurozone growth, […]

The bears are getting an upper hand on the stock market with oil dropping below US$70 a barrel as a reflection of Europe’s woes having an impact on China. The Shanghai Composite has had a steep fall and is back to May 2009 levels. However, Wall Street showed that the smart guys and gals have […]