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A quick follow on from yesterday’s Money Morning. We like this quote we’ve found from Professor Walter Block:
“Consider a man and a woman each with a productivity of $10 per hour, and suppose, because of discrimination or whatever, that the man is paid $10 per hour and the woman is paid $8 per hour. [...]

If it was possible for a market to whistle without a care in the world that’s exactly what it would be doing right now…
Greece on the verge of default – [whistle].
China trying to engineer a soft economic landing – [whistle].
US Federal Reserve increasing interest rates – [whistle].
Australian property bubble bubbling – [whistle].
Millions of your taxpayer [...]

The message from China seems to be, “Forget the coal seam gas, just give us the coal!”
Clive Palmer’s $70 billion deal with supply coal for 20 years to China Power International Development is a massive boost for the Australian resources sector.
If it ever comes to fruition.
Look, it wouldn’t be the first time a multi-billionaire deal [...]

Every so often the Money Morning mailbag receives a note saying, “Can you quit the property bashing already!” – Or words to that effect.
Funnily enough we get that request from both property bulls and property bears. The bulls claim they’ve heard it all before and yet property prices keep going up. While the [...]

Today your editor is scrambling to get the January issue of Australian Small-Cap Investigator out the door before the month draws to a close.
We’ve even put in a call to the Gregorian calendar to see if they can extend the month to 32 days so we can tie up the loose ends over the weekend. [...]

If something’s worth saying, say it three times. We wouldn’t argue with that.
We’ve certainly banged on enough times about Australia’s corrupt banking system, the lies spruiked by the property spruikers, and the rubbish you generally get from the mainstream on the health of the Australian economy.
But surely this effort by the web boffins at [...]

It seems that not only is our friend Michael Pascoe unable to see the value of gold, but he is obviously quite incapable of working out a basic sum – that 1 + 1 = 2.
And his unwavering faith in the ability of the Reserve Bank of Australia is commendable, yet completely mad. After [...]

Today I promised to cover the Australian price of gold. So I’ll do exactly that.
But first a look at what we’ve possibly got on the agenda for tomorrow. Right this moment we’ve got two choices. One is to give a slap across the chops to the Reserve Bank of Australia (RBA) and [...]

The report of business confidence and condition’s survey have ushered the local stocks shares in Australia to dive below 4000 points. NAB survey reported that Australia business confidence collapsed to a low record in October.Confidence has now fallen…

The Reserve Bank of Australia has implemented a cutting of interest rate to 5.25 percent as it tries to prevent the falling of Australian economy.October was the worst month for stocks since the crash of 1987, with about $160 billion wiped off the Aust…