Latest Articles
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When all analysts agree then they are not analysing - 12/06/13
The $6 billion write down last week for the carrying value of company assets by the Directors of Newcrest Mining Limited (NCM) has certainly stirred emotions across the market. Of immediate regulatory concern is the downgrading by leading broking gold … Continue reading
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Market volatility – the case for value investing - 05/06/13
There is much debate about the role of fund management services. In particular there is an ongoing debate as to whether equity or share managers can or do “add value” or “beat the index” over time. As “The View” is written by members of a funds … Continue reading
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A letter to investors – Outlook for 2013/14 - 29/05/13
Dear Investors, As you may know, over the next few weeks Clime will be presenting our “end of financial year” investment briefing. During our talks we will be reviewing the current world economic climate and building a case for our expectations for … Continue reading
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Earnings growth or inflation, both or neither? - 22/05/13
Earnings downgrades are hitting the Australian equity market at a ferocious pace. It is now expected that the total reported earnings for listed Australian companies in the current financial year will be below that reported in 2011/12. Fortunately the large … Continue reading
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Dead Budget Walking - 15/05/13
A reasonable person that listened to or read the 2013 Budget Speech might believe that the Australian Government, on behalf of the Australian people, had suffered a major decline in taxation collections. Or, as the Treasurer quaintly calls it, a … Continue reading
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An apple a day won’t help Europe - 08/05/13
No one should be under any illusions. When Central Banks cut interest rates to historic lows then things are pretty rotten. Away from the frantic asset inflation exhibited in the equity and bond markets – real economic activity, as shown … Continue reading
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How much nonsense can we take? - 01/05/13
So the Australian Federal Budget will be a deficit of between $10 and $20 billion in 2012/13. Is that really a surprise to anyone? Well maybe to those who believe the political spin that is served up each day by politicians who … Continue reading
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IMF charts the slowing of world growth - 24/04/13
Figure 1. World: 2013 GDP Growth Forecast Source: International Monetary Fund staff estimates The above heat map (Figure 1) depicts the just released updated forecasts for world GDP growth in 2013 by the International Monetary Fund (“IMF”). The economic heat … Continue reading
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Black Caviar only won by three lengths – She must be slowing! - 17/04/13
Can you imagine the positive flurry in markets if the average of the highly paid economists of the world had actually forecast that China would grow by 7.5% in the recent March quarter? Then imagine how excited they would have made … Continue reading
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It’s raining Yen – Hallelujah! - 10/04/13
Throughout 2012, The View continually warned readers of the impending economic catastrophe that was fast approaching Japan. A demographic nightmare, 20 years of deflation, sporadic rolling recessions and massive government debt were all bad enough. However, what has tipped Japan into action … Continue reading
