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In the early 1990s there was a show on UK television called the Harry Enfield Television Programme. It was a sketch-based comedy that ran for several years. One of the characters was called Mr. You-Don’t-Wanna-Do-It-Like-That. On seeing his daughter and son-in-law doing a spot of DIY the old giffer would barge in and say, “You [...]

Your editor’s thoughts are a bit distracted today. We’ve got the weekly update and the monthly issue of Australian Small-Cap Investigator to complete within the next couple of days. So we may be all over the place today. First up, last week I gave you a link to Murray Rothbard’s “A History of Money and [...]

So, two of the big Aussie banks have reported big profits. Not surprisingly, the share price for each stock received a nice kick-along.  Commonwealth Bank of Australia [ASX: CBA] has added over $3 since the profit announcement, helping push the share price close to the April 2010 high: Source: CMC Markets Stockbroking A half-year net [...]

“Economists were therefore left scratching their heads when it was revealed only 36,000 jobs were added but that the unemployment rate had plunged to 9.0%.  Snow or not, it just didn’t add up.  Was the result good or bad?  The answer seemed to be bad, which actually means good because it means QE2 is well [...]

Today is Australia Day and we’re taking the day off.  In fact, we’re taking a few days off. While we’re away our hot-seat will be filled by a host of other characters.  We’ll be back next week sometime… Thursday if we remember rightly.  Until then… A quick note on Australia’s overpriced housing.  Yesterday we wrote: [...]

Reading The Age reporting on the housing market over the last couple of weeks has been like watching the Comedy Channel. At any point we expect Jon Stewart or Stephen Colbert to fly out of the page to tweak our nose and give us a cheeky wink. First we had, “Land sales plummet, adding to [...]

Today we’ll start with a letter from Money Morning reader Anon: “First let me say how much I enjoy your money morning commentary.  I feel that my thoughts are very much aligned with yours, although you may not agree by the end of this email. “This is the first time in my life I have [...]

Something’s been eating at us. We couldn’t really explain what it was. But something didn’t seem right. We felt like Lieutenant Columbo. There was a small clue we knew we’d stumbled across. A clue that was staring us right in the chops… but we couldn’t figure out what it was, where it was and why [...]

If you’re worried we’ve forgotten the National Australia Bank [ASX: NAB] and Westpac’s [ASX: WBC] secret loans from the United States Federal Reserve – don’t.  We’re still on the case. We’ve still got them in our sights… Oops!  Apparently we shouldn’t use that imagery.  Sorry… how about this then: That’ll do it. No harm with [...]

“You don’t want to take rights away from people… Every now and again you feel those rights are being abused and you say, ‘Do we take rights away or do we just put up with the abuse?’  My response to it varies day to day.” That’s the Australian Financial Review (AFR) quoting Australian Tax Office [...]