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“It finds that the IMF provided few clear warnings about the risks and vulnerabilities associated with the impending crisis before its outbreak.  The banner message was one of continued optimism after more than a decade of benign economic conditions and low macroeconomic volatility.  The IMF, in its bilateral surveillance of the United States and the [...]

Just a quick Money Morning today.  We’re getting stuck into the January issue of Australian Small-Cap Investigator. And seeing as it’s Friday, we’ll wrap up an old topic.  Rather than start a new one. Let’s be honest.  We can’t blame the mainstream economists for claiming the Queensland floods will stimulate the economy. I mean, they’re [...]

From time to time we get emails asking, “So, what you gonna do about it then?” Or “Why don’t you write to an MP or the newspapers to let them know about it?” Not surprisingly, we’ve received several such emails in recent days. Following on from the secret bank loans scandal… Before I go on, [...]

Yesterday I wrote to you about the silly headline in The Age newspaper. It was this: “Queensland rebuilding will boost GDP” Look, we love it when we see this kind of nonsense written. Simply because it gives us an excuse to again read Frederic Bastiat’s, “That Which is Seen, and That Which is Not Seen”. [...]

Before we get to today’s Money Morning we just had to relay the exciting news about the Queensland floods. According to today’s The Age: “Queensland rebuilding will boost GDP” We wondered how long it would take the mainstream press to roll out that old chestnut. The mainstream press’s new economic heartthrob, HSBC’s Paul Bloxham said: [...]

Today’s Money Morning contains an extraordinary admission from the Reserve Bank of Australia (RBA). An admission that defies belief. But before we crack on with that, we couldn’t pass up the chance to have a laugh at the big Aussie retailers again. In today’s The Age Myer [ASX: MYR] CEO Bernie Brookes is quoted: “I [...]

Time is up for the Reserve Bank of Australia (RBA). You may recall we lodged a Freedom of Information (FoI) request with the RBA in December last year. From 6th December the central bank had thirty days to respond to our application. Today is the thirtieth day. We’ll see if we get a reply. All [...]

Good morning reader. It’s a new year. But, it’s the same old story. Nothing much has changed. We’re tempted to say nothing has changed. But that wouldn’t be true. Things, even little things change. Even so, as we see it, the big things are just the same. We won’t list them all here. You already [...]

Why China won’t re-evaluate the Yuan to please America. As 2010 comes to an end we’ve had two themes banging on in the background… Sovereign Debt and China’s undervalued Yuan. And as 2011 rolls in it doesn’t look like either problem will be resolved anytime soon. As central banks continue to lend and governments overspend, [...]

You might be surprised to know that since 2006 copper, in notional value terms, is the second most heavily traded futures contract on the Shanghai Futures Exchange (SHFE). You’d think copper, being such an important part of the Chinese economy moving forward, would be number one. But it’s not. Believe it or not, natural rubber [...]