subprime

Even the Auditors Don’t Understand Profits

Posted on May 14th, 2010 in AFR, Alex Cowie, aus, aussie dollar, cent, Diggers and Drillers, Henry, investors, KPMG, Market News, micro cap, perth, property crisis, RBA, Reserve Bank of Australia, resource super profit tax, subprime, super profit tax, Treasury

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 [...]

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Australian Economy Continues to Grow, Grow, Grow

Posted on March 09th, 2010 in ABS, AFR, aus, aussie dollar, Australian Bureau of Statistics, Australian economy, cent, economic recovery, Enron, excessive credit, female employee, mainstream economics, male employee, Market News, micro cap, minimum wage, pay equalisation, perth, Professor Walter Block, subprime, unemployment

A quick follow on from yesterday’s Money Morning. We like this quote we’ve found from Professor Walter Block:
“Consider a man and a woman each with a productivity of $10 per hour, and suppose, because of discrimination or whatever, that the man is paid $10 per hour and the woman is paid $8 per hour. [...]

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