SMH

Why Interest Rates Aren’t What They Used to Be

Posted on April 07th, 2010 in AFR, aus, aussie dollar, Australia's housing supply, cent, central bankers, economy, Gordon Brown, interest rates, mainstream economists, Malcolm Turnbull, Market News, micro cap, obama, perth, RBA, Real Estate of New South Wales, SMH, Socialism, stimulus election, UK election

This morning we’re still awaiting the first directive from the Supreme Population Tsar. Until such a directive arrives we suggest you procreate, live or die at your own risk. Just be warned that it could be made illegal to die if your death puts in endanger the grand population strategy.
Maybe they’ll call it [...]

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Under a Fractional Reserve Banking System, Banks Aren’t Safe

Posted on February 08th, 2010 in ABA, AFR, aus, aussie dollar, Australian Bankers Association, Bank of International Settlements, BIS, cent, central bank, fractional reserve banking system, Macquarie, Market News, micro cap, perth, RBA, SMH, Swan, taxpayer subsidised, wholesale banking guarantee

Well, that’s it, the taxpayer subsidised wholesale banking guarantee is set to end on March 31st.
According to Australian Bankers Association (ABA) chief executive David Bell, “The decision comes as no surprise and reflects the relative strength of the banking sector.”
Really? Aw, you know what we think about that don’t you? Do we really [...]

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Wayne Swan and the Damage the Stimulus is Doing to the Economy

Posted on December 18th, 2009 in AFR, aus, aussie dollar, Australian economy, cent, economy, great depression, Market News, Michael Pascoe, micro cap, perth, RBA, Reserve Bank of Australia, SMH, stimulus, Wayne Swan

It seems that not only is our friend Michael Pascoe unable to see the value of gold, but he is obviously quite incapable of working out a basic sum – that 1 + 1 = 2.
And his unwavering faith in the ability of the Reserve Bank of Australia is commendable, yet completely mad. After [...]

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