Why Women Really are Smarter Than Men

Saturday, 8 September 2012 – Melbourne, Australia

By Kris Sayce

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There are some things I’d like to write to you about more often than I do.

But when I do write to you about them, I find that’s when I get the most feedback…nearly all of it negative.

In fact, that’s when we tend to get the most ‘unsubscribe’ requests.

Why is that? It’s probably because when people (perhaps you included) signed up for Money Morning you did so because you wanted to read about shares and how to make money.

So when I write to you about things not related to shares and making money, maybe you feel cheated or short-changed.

Well, that’s the last reaction I want you to have when you open Money Morning each day. So, I’ve decided to do something about it…

‘Personal Worldview’

Right now, I’m in discussions with my publisher to launch a new free newsletter service (he loves the idea by the way). I can’t give you all the details now, but I hope to have more news for you within the next few weeks.

Until then, I’ve decided to use Money Weekend as the forum for these ideas. I call them ‘Personal Worldview’ ideas.

What does that mean? It’s just a fancy term I use to describe non-financial market related news, ideas and analysis.

But that doesn’t mean they’re unimportant. These are ideas and analysis that still have a direct impact on your way of life, your freedom, your health, your family, and your wealth.

It’s just that not all the thoughts are to do with making money.

Anyway, I think you get the idea. Over the next few weeks you’ll get a taste of the ideas, thoughts and analysis that I’ll write to you about in the new free newsletter.

Before I get into today’s essay, this…

The End of Fortescue?

Jim Chanos is a US fund manager who profits when shares fall. He tries to ‘sell high and buy low’. This is called short selling. One company Jim Chanos has targeted is Aussie miner Fortescue Metals [ASX: FMG].

Earlier this year, Chanos said if the iron ore price fell below $100 then the company would be in a lot of trouble. He even questioned if the company could repay its debts if the iron ore price fell that low.

Well, in recent weeks, the price of iron ore has fallen below $100.

The demand for iron ore is falling as the Chinese economy slows. And the problem for Fortescue is that 98% of its sales go to China, and thanks to ambitious expansion plans, it has a very high level of debt.

With its revenue falling, investors fear it could have trouble paying back its debt, let alone making a profit. In that scenario, there’s a real chance it could go bust.

There are two stories here. One is the fast-fading China boom. The second is whether Fortescue can survive the downturn. You can read about both in this article: With Iron Ore Prices Falling Will Fortescue ‘Break the Buck’?