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We couldn’t help but laugh at the front page of yesterday’s Australian Financial Review (AFR):
“Tanner takes razor to red tape”
Apparently, “The Rudd government will increase the powers of its red-tape regulator in a bid to prevent any unnecessary rules from stifling economic growth…”
Red-tape regulator!
Anyway, it goes on, “Finance Minister Lindsay Tanner will subject new legislation [...]

We tuned in to Alan Kohler’s article over at the Eureka Report yesterday afternoon.
We liked the headline – “China playing with fire” – and we liked Kohler’s opening sentence:
“Chinese Premier Wen Jiabao is playing a dangerous game by upping the ante in the Cold War of words with the United States over exchange rates. And [...]

THE PRICE OF GOLD in US Dollars retreated from a fresh 0.7% surge early in London on Thursday, falling back from a new all-time record of $1123 an ounce as Asian stock markets closed the day lower.
Crude oil fell below $79 per barrel – higher by more than 75% from this time last year – [...]

Marketmen said gold soared in tune with global rates, where prices touched a new peak of USD1,070.80 an ounce on weakening of dollar against its major rivals. Besides, buying activity gathered momentum as stockists indulged in creating fresh positions to meet demand from jewellery fabricators ahead of Diwali, they said. In London, gold set a [...]

I’m not sure whether you’ve noticed or not, but we’ve focused on the property market over the last couple of weeks…
Oh, you have noticed. Good, well, you may – or may not – be pleased to know we’re taking a break from it for today at least.
That’s because we’re not sure if there’s that [...]

We admit it. Sometimes we don’t give credit where it’s due.
According to Money Morning reader Terry, we haven’t given enough of to Treasurer Wayne Swan:

“Kris
You are right that the RBA, Treasury and so on are a bunch of d********.
What you don’t know is that Wayne Swan has an independent Melbourne based financial and political strategist [...]