Hot Penny Stocks

“Keep preaching doom and gloom boys.  I’m riding the S&P500 to heaven.” That was the entire content of an email we received in the Money Morning mailbag yesterday. It was sent by a broker or trader at a well-known Australian investment firm. Maybe he’s taken a leaf from Goldman Sachs’ CEO, Lloyd Blankfein who told [...]

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 [...]

There are plenty of myths and legends in economics and politics.
One that has gained a lot of support – thanks to bureaucratic propaganda – is that tax cuts are inflationary.
Needless to say, this downright lie has been lapped up by the political hacks in the mainstream press. Largely because, well that’s what the bureaucrats [...]

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 [...]

We coughed and spluttered this morning, as we read the headline, “Stop the bailouts, says Federal Reserve chairman Ben Bernanke”
Hang on a minute, wasn’t Mr. Bernanke one of the chief architects of the bailouts? Alongside then Treasury Secretary Hank “Hank” Paulson, and then New York Fed chief Tim “Timothy” Geithner.
Of course, before we slam [...]

If it was possible for a market to whistle without a care in the world that’s exactly what it would be doing right now…
Greece on the verge of default – [whistle].
China trying to engineer a soft economic landing – [whistle].
US Federal Reserve increasing interest rates – [whistle].
Australian property bubble bubbling – [whistle].
Millions of your taxpayer [...]

As each day passes your editor becomes more baffled.
Things which appear to be common sense to us are deemed to be extreme views by others.
When we argue against government intervention or government stimulus programmes we do so because it seems obvious they can’t work.
Without covering old ground, a government stimulus package can only ever provide [...]