Greece

How Too Many Levers Spoil the Economy

Posted on May 05th, 2010 in AFR, Australian economy, European Union, Greece, John Freebairn, Keynesian, Laura Tingle, Market News, Melbourne Adam Smith Club, Resource Super Profits Tax, World Economic Forum, aus, aussie dollar, australian housing market, cent, micro cap, perth, rudd

Well, we’ve given the Super Profits Tax a fair shake of the sauce bottle the last few days, so we’ll mix it up again today before changing tack tomorrow.
But before we get on to today’s Money Morning, a brief announcement…
The guys and gals at the Melbourne Adam Smith Club have been crazy enough to invite [...]

Tags: 2009, australia, australian share trading, australian stock exchange, buy, cents, crash, Finance, micro cap, penny shares, small stock, Stock online, stocks
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How the Stimulus Destroyed 77,000 Manufacturing Jobs

Posted on February 21st, 2010 in Australian Property bubble, Australian economy, Greece, Market News, aus, aussie dollar, cent, china, manufacturing jobs, micro cap, perth, rudd, stimulus, taxpayer, us federal reserve

If it was possible for a market to whistle without a care in the world that’s exactly what it would be doing right now…
Greece on the verge of default – [whistle].
China trying to engineer a soft economic landing – [whistle].
US Federal Reserve increasing interest rates – [whistle].
Australian property bubble bubbling – [whistle].
Millions of your taxpayer [...]

Tags: 2009, australia, australian share trading, australian stock exchange, buy, cents, crash, Finance, micro cap, penny shares, small stock, Stock online, stocks
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Greeks Pay Tax as an Option

Posted on February 11th, 2010 in BNP Paribas, Bank of England, Bear Stearns, Eurozone, Greece, Greek, Lehman, Market News, Northern Rock, aus, aussie dollar, cent, gold, income tax, interest rates, micro cap, mortgage, perth, public spending, shadow economy, tax

So, who gets to play Lehmans in this comedic repeat…?
ISN’T GREECE marvellous?
Paying income tax, or any kind of tax it would seem, has been entirely optional. Which should have powered its economy like 1960s’ Hong Kong.
But public spending, however, accounts for 40% of GDP. So who financed that spending if so few people paid?
Last year, [...]

Tags: 2009, australia, australian share trading, australian stock exchange, buy, cents, crash, Finance, micro cap, penny shares, small stock, Stock online, stocks
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