by Kris Sayce on February 15, 2010
We noticed with amusement Emperor Ken Henry’s statement that: “What people have called the global financial crisis, that has passed, I think it’s safe to say.”
It’s pretty easy to say that when you’re a career leach. Sorry, we mean public servant… No, actually, we do mean ‘leach’ after all.
On reading those words from Emperor Henry, it rather reminded us of this moment back in 2003:
“Major combat operations in Iraq have ended. In the battle of Iraq, the United States and our allies have prevailed… [Applause, whooping and hollering] And now our coalition is engaged in securing and reconstructing that country.”
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by Kris Sayce on December 7, 2009
Your editor is on a double shift today. We’re switching between writing today’s Money Morning and filling in for Dan Denning at Daily Reckoning.
Over at Daily Reckoning we gave the Climate Change ‘tree’ a bit of shake. You can check out what we had to say later on today after our webgeeks post the article to the Daily Reckoning website.
But on this side of the building on Fitzroy Street we’re taking another swipe at the banks.
Last week we tipped our cap to Westpac for trying to make a buck out of the interest rate rises by anticipating the Reserve Bank of Australia’s next move.
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by Kris Sayce on September 4, 2009
ANZ Bank CEO Mike Smith is apparently quite popular with local analysts and the press.
They like his straight-talking tell-it-like-it-is analysis of the Australian economy.
And just as importantly, they like his deadpan humour. He can, we are told, belt out a joke keeping the straightest of straight faces.
So we’re sure the following comment he made in a speech to the Australia-Israel Chamber of Commerce brought the house down:
“The Australian dollar is going to get stronger and it’s going to be tough on the economy. I don’t think enough people do worry about it – and putting interest rates up will exacerbate it. I do think we have to be careful about that. It may well be that the next bubble is in the commodity market.”
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by Kris Sayce on July 10, 2009
Coming Soon! Australian Wealth Gameplan
Today your editor is hunkered down trying to complete the first edition of Australian Wealth Gameplan before we head off on a few days break to Hobart.
The official launch is scheduled for the week after next. I’ve already picked six Australian income stocks that you can either add to your portfolio or start from scratch.
So, stay tuned and look out for more details on Australian Wealth Gameplan in the coming weeks.
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by Kris Sayce on May 1, 2009
This morning, sad news from across the Pacific Ocean. US car maker Chrysler has filed for chapter 11 bankruptcy protection. We thought a poem would be in order. Written in the style of EJ Thribb…
So. Farewell
Then
Chrysler Motors.
You made cars
For 83 years.
But they were
Rubbish
And no-one bought them.
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