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Poor old Paul Bloxham, chief economist at HSBC Australia. In the space of a few days he’s gone from being premium foie gras to plain old chopped liver. From being the toast of the town to just vegemite on toast. Last month you could barely turn the pages of the business press or avoid an [...]

Strap yourself in reader. Today’s episode is a long one… Ah, we love the quote from ANZ Bank [ASX: ANZ] chief Mike Smith in today’s Australian Financial Review (AFR): “It would appear he’s [Shadow Treasurer, Joe Hockey] been taking economics lessons from Hugo Chavez and I don’t really see there’s much future in Australia for [...]

Today we’ll follow-up on yesterday’s Money Morning. So if that edition bored you or annoyed you then I suggest you stop reading now. In fact, several readers have complained that we’re talking out of our hat. They argue that surely it’s a great idea if charities and philanthropists make donations to charities and that those [...]

The world is full of coincidences. Within minutes of yesterday’s Money Morning hitting the newsstands we received a reply from the Reserve Bank of Australia (RBA). You’ll recall that yesterday we told you about an email we’d sent to the RBA on Tuesday asking why the ‘Three Cobbers’ – Mr. Corbett, Mr Kraehe, and Mr. [...]

“There are more tears shed over answered prayers than over unanswered prayers…” – Teresa of çvila, patron saint of headache sufferers IT’S FIVE YEARS and $1.7 trillion of Chinese foreign reserves since the People’s Bank of China ended its decade-long peg to the Dollar – the one at CNY8.3 which it had defended through the [...]

“They love me… they love me not… they love me…” The poor old Aussie dollar. Or as Heidi Klum tells the contestants each week on Project Runway: “One day you’re in. And the next day you’re out.” Not that we watch it of course [cough], it’s, erm, just on in the background… the missus watches [...]

One of the reasons why you may read this letter each day is because you like reading about the economy and economics. Although I’m sure there are plenty of other reasons too… not that I can think of any off the top of my head, but there must be some. Your interest in the economy [...]

Why this really isn’t the early ’80s recession replayed… WHATEVER the problem is, a lack of money it ain’t. Just so we’re clear. Quite how more money might help, therefore, we can’t say. Still, that won’t stop the world’s No.1 central bank from creating yet more of the stuff. Not according to Ben Bernanke last [...]

If you want a perfect example of how central bank intervention and government manipulation is stitching up the little guy, look no further than this headline from last week, “Goldman No.1 at Rating Financial Companies With 38% Right”. According to the article by Bloomberg News: “Goldman Sach’s analysts won their No.1 rank by making 30 [...]

Three ways of looking at gold’s current bull market… YOU MIGHT know this chart already. If not, expect to see more of it soon. It shows gold priced in Dollars per ounce across what the TV anchors would call the “very” long term… As the gold story goes mainstream (the BBC news apparently quoted gold [...]