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 [...]
inflation
More dark and dastardly goings-on by the world’s central bankers. And I’m not just referring to the corrupt money-printing taking place at the Reserve Bank of Australia’s (RBA) money printing agency Securency. You may have read the odd story or two about what Securency has been up to. Accusations have been made that it has [...]
Sorry reader. I’ve got nothing for you again today. The September issue of Australian Small-Cap Investigator is almost complete, but there’s still a few finishing touches to add to it.
And seeing as September stubbornly insists on having only thirty days, it’s important we get this month’s issue out to subscribers today.
So, if you’re [...]
“Haven’t we seen this before, in 1923…?”
The BIG MONEY flows from the biggest trends, of course. But even the brightest people, and with the best of intentions, can struggle to see today what hindsight will say you could have banked on.
By the summer of 1922, for instance, you needed 100 of Germany’s paper Marks to [...]
Since gold stopped being money, it’s become 75% more valuable on average…
SO GOLD is now at “fair value” says Bill Bonner, long-time gold bug and my former boss/partner-in-crime at The Daily Reckoning’s London HQ.
No, he won’t sell yet…if ever…says Bill. But gold’s huge under-pricing a decade ago has clearly passed by. Value-hungry investors got their [...]
Having read through US Federal Reserve chairman Ben Bernanke’s speech at Jackson Hole, Wyoming over the weekend we can only come to two conclusions.
Either Mr. Bernanke is stark raving mad and should be sent to a nut farm immediately. Or, he should be carted off to The Hague to face charges of crimes against [...]
Time was, stocks were riskier than bonds and should have the higher yield. But then came inflation…
AT THE START of this week, stocks on the Dow Jones, Tokyo Nikkei and FTSE100 in London offered a bigger dividend-yield than you’d earn in interest from their local government bonds.
“That’s pretty rare, and in general has been quite [...]
Time was, stocks were riskier than bonds and should have the higher yield. But then came inflation…
AT THE START of this week, stocks on the Dow Jones, Tokyo Nikkei and FTSE100 in London offered a bigger dividend-yield than you’d earn in interest from their local government bonds.
“That’s pretty rare, and in general has been quite [...]
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. [...]

