Hot Penny Stocks

“Keep preaching doom and gloom boys.  I’m riding the S&P500 to heaven.” That was the entire content of an email we received in the Money Morning mailbag yesterday. It was sent by a broker or trader at a well-known Australian investment firm. Maybe he’s taken a leaf from Goldman Sachs’ CEO, Lloyd Blankfein who told [...]

How much gold is too much gold if you’re a fixed-income investor…? GOLD DOESN’T pay any income, of course. Which is why retirees and pensioners should hate it. But since gold cannot go bust – and because its tight supply typically finds strong demand when cash loses value to inflation in the cost-of-living – gold [...]

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 [...]

“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 [...]

“I support special levies – including most of the Howard government’s levies – because they teach a freeloading electorate the most basic economic lesson: if you want it, you have to pay for it.” – Ross Gittins, The Age We knew there was something we were supposed to write about last week – the Flood [...]

Before we get on to today’s Money Morning you may have noticed that over the weekend we disabled the Money Morning website comments. You can click here for an explanation… Now, on to today’s letter. Money Morning reader Philip sent us a clipping from his local newspaper, the Sunday Mail. It read: “Super boomer threat”. [...]

A correction to our Money Weekend article. The government’s Financial Claims Scheme covers bank deposits up to $1 million. According to our pals at the Australian Prudential Regulation Authority (APRA): “The Commonwealth Government has issued a guarantee of deposits at ADIs up to $1 million per depositor in any one ADI.  The guarantee will remain [...]

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, [...]

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 [...]

“How did we get so rich” asks today’s Australian Financial Review (AFR). We think the AFR was asking a question. Although the lack of a question mark suggests otherwise. Anyway, who are we to pick bones on someone else’s grammar? We couldn’t even get our headline right the other day. The story on page 32 [...]