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That’s today’s headline. The headline for Monday’s Money Morning will be the follow on… “How a Housing Index Could Work”.
Yesterday I mentioned that the Australian Securities Exchange (ASX) is considering offering an index based on residential house prices.
The index – from what we can gather – will allow investors to bet, gamble or punt [...]

Foreign funds no problem for savvy local banks: RBA
australia banks news,australia banks
THE Reserve Bank has declared that Australian banks are not too heavily exposed to volatile offshore funding markets and are among the best managers of risk in the world, which helped them survive the global financial crisis.
In a speech yesterday, the central [...]

It’s been a pretty slow news week. It seems as if only one man and one topic was worth the media’s time in the lead up to the Easter break.
Funnily enough this week, the Sunrise television show was the source the media turned to. The Governor of the Reserve Bank of Australia (RBA), Glenn Stevens [...]

GGP – Rating BUY – Penny stock Picks We bought GGP( golden Gate petroluem ) at 0.037 @ 28000 units  and are quite pleased with the results. At today asx price of GGP ( 0.056) we are already  made a small tidy sum and waiting to price in more. Penny stock Price look Up – [...]

Today I want to take a brief – very brief – look at China. You know China, that’s the economy to our north that saved Australia from economic death last year.
As you may have read in these pages before, don’t believe the hype about Australia’s resilient economy and sound banking system being the reasons why [...]

It’s Christmas Eve and I hadn’t planned to write you a note today, but there was a news item from yesterday that I just couldn’t ignore.
I’ll keep it brief though as there’s still a bunch of last minute Christmas shopping to take care of, and we are supposedly on holiday…
You have to ask yourself, why [...]

It’s taken your editor long enough, but we’ve finally figured it out.
We’ve found what can only be described as the bankers’ “playbook.”
The top secret document that lays down the rules of banking. And, contrary to what you may think, this top secret document isn’t thousands of pages long.
It isn’t stored in a prestigious library [...]

Your editor certainly has taken a pasting this year from bloggers who accuse us of scare-mongering over our “Government wants to steal your Super” commentary.
Here’s a sample of the posts to the Money Morning and Daily Reckoning websites. First off, a post railing against last week’s effort:
“Passing legislation in Australia takes at the minimum [...]

Well, it looks as though while we were tapping away on these thoughts and you were either reading them or ignoring them, the cheeky scamps in government have already been drying the ink on the next phase of the Super Theft campaign.
Don’t worry about the Henry or Cooper reviews, when you’re in government it seems [...]

Marketmen said gold soared in tune with global rates, where prices touched a new peak of USD1,070.80 an ounce on weakening of dollar against its major rivals. Besides, buying activity gathered momentum as stockists indulged in creating fresh positions to meet demand from jewellery fabricators ahead of Diwali, they said. In London, gold set a [...]