You are no doubt aware that balanced superannuation funds showed their largest monthly loss in June since superannuation became compulsory in 1992. Balanced funds lost, on average, 6.39% in June.

Good morning Australia. It’s another triple digit mid-day decline on the Dow. Is this the Obama Rally?

Riding a bicycle in Melbourne’s autumn is like playing with fire, reader. The weather changes a lot quicker than we can ride.

Wall Street firm Goldman Sachs made the term “BRICs” famous in a 2003 research report.

Is there anything less enjoyable than writing about bank profits? Still, we’ll soldier on. After a little research, we’ve come to a conclusion about Australian banks stocks that you might find useful.

It takes nearly five hours by plane to get from my new hometown of Melbourne, Australia to the Timor Sea, the body of water that lies off Australia’s northwest coast.

We have set ourselves a mighty task in today’s Daily Reckoning, dear reader. We aim to prove to you how short-sighted, smug, and shallow the mainstream press is. This may not be as big a task as it first sounds, given the quality of a lot of journalism. But we take on one of the central myths of the modern economy today: that consumption leads to prosperity.

The dollar is a bit softer this morning going into the Jobs Jamboree, and rightly so, given the forecast. However, the dollar is still swinging a mighty hammer and I’m a bit perplexed by this.

Remember last week when the director of the Brazil National Petroleum Agency Haroldo Lima told the world that the Carioca oil field, “Could be the world’s biggest oil discovery in thirty years?” Let’s unpack the word “could.” It “could” be the world’s biggest oil field that will never enter into production.

We’ve seen this type of dollar frenzy before, but calmer heads have always come back to the table to point out the awful fundamentals that the dollar carries around like an albatross around its neck.