Hot Penny Stocks

If you want a perfect example of how central bank intervention and government manipulation is stitching up the little guy, look no further than this headline from last week, “Goldman No.1 at Rating Financial Companies With 38% Right”. According to the article by Bloomberg News: “Goldman Sach’s analysts won their No.1 rank by making 30 [...]

It’s always nice to see the banks get into the ‘I’m better than you’ joust. This time, National Australia Bank (NAB), has come out swinging at all the other at major banks, talking about a ‘lending bias’. Not sure if you were paying attention, but only a few months back, the NAB proudly ran prime [...]

Hogwash! There’s a few other words we could use, but that’ll do for now. The boys and girls at Fitch Ratings have given Australian banks the all-clear. According to Bloomberg News, “Australia Can Handle Worst Mortgage-Loan Defaults, Fitch Stress Test Shows”. Well that’s alright then. Bloomberg reports that: “Banks would see a maximum A$10 billion [...]

We’ll confess to never having read Nassim Nicholas Taleb’s book The Black Swan. But now we’ve written that, the first thing we’ll do after finishing today’s Money Morning is to put in an order with our favourite online bookstore, www.bookdepository.co.uk and grab ourselves a copy. Incidentally, if you want proof of how government protectionism and [...]

Have you checked your insurance policy lately? Is it up to date? Do you have any insurance? Are you under or over insured? Don’t worry, I’m not trying to sell life insurance. We’re not licenced for that. No, I’m talking about something more important – investment insurance. Buying investment insurance is just like buying any [...]

The property spruikers have gotten themselves quite excited about an article by PIMCO Australia chief, John Wilson in Business Spectator last week. Mr. Wilson headlined the article, “Our non-existent housing bubble.” As you can pretty much guess from the headline, Mr. Wilson sums up the article saying: “The demand for housing is determined by the [...]

It was interest rate bingo yesterday. But the only person shouting “House” was our new pal, Comsec’s Craig James. You’ll remember that Mr. James made the argument that higher interest rates were already working to slow down the economy. That any further rate increase was unnecessary. Well, at 2.30pm yesterday Mr. James stood up with [...]

Ah, the housing insulation debacle rolls on. “Insulation fix could cost $680m” reports today’s Australian Financial Review. We’re still waiting for an explanation from the stimulus-lovers – including most mainstream economists – on how the initial $2.45 billion was a great boost for the economy – creating jobs for installers, etc. – yet the $680 [...]

I wasn’t going to write about this today.
But when I saw the mainstream property bulls going cock-a-hoop over the latest discussion paper put out by the Reserve Bank of Australia (RBA), I just couldn’t let them get away with it.
Someone had to pull them down a peg or two…

We mentioned the discussion paper here last [...]

“We publish ideas that are on the fringe. But they’re ideas that are moving towards the mainstream. When they get there we sell. There’s no point pursuing an idea if it stays at the fringe.”
Those are the paraphrased words of our colleague and Daily Reckoning commentator Bill Bonner.
Bill was the opening speaker [...]