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Yesterday we quoted an article in the Australian Financial Review which said the proposed cash for clunkers scheme would:
“[C]ut carbon dioxide emissions by 1 million tonnes and save $344 million in fuel costs in the next 10 years”.

We then wrote, “But when you compare it to Australia’s total CO2 emissions as of 2007 of 374 [...]

Right now you may be wondering who the big winners from the stimulus programmes and banking bail outs have been, because it sure as hell hasn’t been you.
Well, look no further than two articles yesterday from Bloomberg News:
“Purchases of U.S. Existing Homes Probably Dropped as Credit’s Effect Waned”
That’s the story from Main Street, USA. [...]

Where did all those green shoots of recovery go?
I mean, by now we would have expected the global economy to be in full swing considering how much taxpayer money has been spent bailing things out and propping things up.
After all, that’s what we were told.
That the bailouts and stimulus were required to ensure markets and [...]

Forget the house price crash. That’ll be child’s play compared to the big crash that’s on the cards.
I’m talking about China.
As you may know, I’d been pretty bullish on the China story for several years, going back to my days as editor of the Australian version of The Daily Reckoning.
But that view started to [...]

I did not hear it, but I read that Ben Bernanke, chairman of the satanic Federal Reserve, admitted that “Our nation’s fiscal position has deteriorated appreciably since the onset of the financial crisis and the recession.”
Well, neither he nor the Federal Reserve are going to take any of the blame, even though they are solely [...]

We’ve only been in England since Friday afternoon. But during that brief time we’ve seen the country go from the shoulders of optimism to the ankles of pessimism.
On Friday afternoon and Saturday it was “England Expects”. An overused catchphrase first coined by Admiral Lord Nelson we think. Or was it the Duke [...]

As the Federal Reserve Bank meets this week to decide the fate of interest rates, you can’t help but wonder why they bother meeting at all.
Maybe the catering team make really good sandwiches.
Perhaps we’re being a little arrogant, but really, what are the chances the Fed are going to surprise the markets and increase rates?
I’d [...]

This morning we’re still awaiting the first directive from the Supreme Population Tsar. Until such a directive arrives we suggest you procreate, live or die at your own risk. Just be warned that it could be made illegal to die if your death puts in endanger the grand population strategy.
Maybe they’ll call it [...]

We tuned in to Alan Kohler’s article over at the Eureka Report yesterday afternoon.
We liked the headline – “China playing with fire” – and we liked Kohler’s opening sentence:
“Chinese Premier Wen Jiabao is playing a dangerous game by upping the ante in the Cold War of words with the United States over exchange rates. And [...]

We’re still in Australian Small-Cap Investigator mode today.
If you happen to be a subscriber to Australian Small-Cap Investigator I should let you know that the February issue will be released on Monday. If you’re not a subscriber then click here to subscribe.
Anyway, back to Money Morning…
Yesterday I wrote to you about mailbags bulging at [...]