Something’s been eating at us. We couldn’t really explain what it was. But something didn’t seem right. We felt like Lieutenant Columbo. There was a small clue we knew we’d stumbled across. A clue that was staring us right in the chops… but we couldn’t figure out what it was, where it was and why [...]
Reserve Bank of Australia
Today, I’ll let you in on the latest to and fro between your editor and the hapless Australian Securities Exchange (ASX). Yesterday we received this reply from the ASX: “Yes, ASX does issue what are often referred to as ‘speeding tickets’, in the form a Price query. “Price queries are generated entirely because of unexplained [...]
It’s time for an apology. No, not from your editor. We’re always right, so there’s no need to apologise [wink]. Instead the apology needs to come from the Australian mainstream financial press. The same financial press that told you Australia’s banks were strong. That Australia had the best prudential regulation in the world. That Australian [...]
Just a few quick comments from your editor today before we hand over to assistant editor Shae Smith.
We’re concentrating on the May issue of Australian Small-Cap Investigator for most of this week, but we should still find time to lob a few grenades at mainstream thinking.
So, before Shae takes up the slack, a couple of [...]
The bureaucratic propaganda machine has really ramped up this week. Page 7 of today’s Australian Financial Review (AFR) headlines:
“Super profit tax calls industry’s bluff”
And on the front page the AFR leads with:
“Henry ramps up pressure on miners”
With the subheading, “Claims tax will boost growth.”
To back up the arguments the AFR reproduced a chart and [...]
The Bank of Japan? Check.
The Reserve Bank of Zimbabwe? Check.
The United States Federal Reserve? Check.
The Bank of England? Check.
The European Central Bank? Check.
The Reserve Bank of Australia? [Silence].
Not yet, reader. Will its time come to openly and brazenly print money?
We know it and the retail banks do it [...]
Your editor is in Australian Small-Cap Investigator mode again this morning, so we may be brief with today’s Money Morning – unless we get carried away…
“Oh stop grumbling and just hand over the money.” That’s in effect what the German government is being told to do with its taxpayer euros.
According to the Associated Press [...]
We only have a brief Money Morning for you today as we’re rushing to get the Australian Wealth Gameplan weekly update out to members by this afternoon.
But there is something I wanted to mention today…
It’s been a while since we caught up with any of our old broker pals – probably because we’re a bit [...]
Your editor reports in from rainy Frankston this week. While the missus is off supervising a school trip to Canberra we’re stuck at home on school pick-up and drop-off duty.
We’re not sure that being down here in Frankston will add any different perspective to when we normally write from St Kilda, but you never [...]
Your editor breathed a huge sigh of relief this morning. I’ll tell you why. It was after we read these five headlines:
“Property boom spurs spending spree” – The Age
“Big four banks gorge on house mortgages” – The Age
“Mortgage supply will not meet demand” – Banking Day
“‘Fair chunk of salary’ goes toward debt” – [...]
