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Your editor’s thoughts are a bit distracted today. We’ve got the weekly update and the monthly issue of Australian Small-Cap Investigator to complete within the next couple of days. So we may be all over the place today. First up, last week I gave you a link to Murray Rothbard’s “A History of Money and [...]

“I support special levies – including most of the Howard government’s levies – because they teach a freeloading electorate the most basic economic lesson: if you want it, you have to pay for it.” – Ross Gittins, The Age We knew there was something we were supposed to write about last week – the Flood [...]

Is the bond market finally catching on to the “forced risk” trade…? AS NIALL FERGUSON never tires of reminding us, bond markets rarely react early to bad news, no matter how plain it looks to everyone else. “In the years leading up to the First World War,” as the Harvard historian explained in 2006, for [...]

[Ed note: the following article first appeared in the US Daily Reckoning on 23rd January 2011] In Praise of Anarchy by Joel Bowman Left alone, good people tend to do good things. And, when unobstructed by coercion, force, violence or any other tool employed by the state in order to foster and maintain a more [...]

Before I get stuck in to today’s Money Morning a quick note on our publishing schedule over the holidays… This week will continue as normal… as you’d expect. Next week, from 27th December until 31st December each day you’ll get something a bit different. The editors of the five subscription based newsletters we publish have [...]

“Frankston is dead” declared the missus to your editor yesterday afternoon. Not literally of course.  We know the bayside suburb has a reputation for being a bit rough. But the idea the whole suburb could have succumbed to a drug overdose or a drive-by shooting seemed extreme. Anyway, we like Frankston.  We’ve lived in and [...]

The next few weeks will see the stock market officially enter the strongest seasonal trading period. The market has risen 25 out of the last 30 years from mid-December to January 10. If traders think there’s a greater than 80% chance of the market rallying over the next few weeks you can be sure to [...]

It’s all very exciting. <Yawn> The Senate Economics References Committee Inquiry into Competition in the Australian Banking Sector kicks off today. <Yawn> Which pretty much sums up the view from Money Morning reader Chris, regarding our banking series last week: “OK – mega bored with this story now!” Unfortunately for reader Chris, your editor isn’t [...]

You’ve read a lot about the banks in Money Morning during the past week. And today is no different. So strap yourself in… Yesterday we gave you the reply we’d gotten from the Reserve Bank of Australia (RBA). We’d asked them when the RBA had been told about National Australia Bank [ASX: NAB] and Westpac’s [...]

Clearly Senator Nick Xenophon is a better man than your editor. Either that or he’s just easier to please. All the South Australian senator needed in order to plunge Australian taxpayers into a multi-billion dollar black hole was a 36 page report from NBN Co telling him why a fibre network is a bonza idea. [...]