Posts tagged as:

Australian economy

Australian Economy Continues to Grow, Grow, Grow

by Kris Sayce on March 10, 2010

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. It is as if the woman had a little sign on her forehead saying, ‘Hire me and earn an extra $2 an hour.’ This makes her a desirable employee even for a sexist boss. But when an equal-pay law stipulates that she must be paid the same as the man, the employer can indulge his discriminatory tendencies and not hire her at all, at no cost to himself.”

This example is applied to a comparison of male labour versus female labour. As was our article yesterday.

But in reality, it’s not even a Male v Female thing.

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How the Stimulus Destroyed 77,000 Manufacturing Jobs

by Kris Sayce on February 22, 2010

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].

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Beginning, Middle and End to Australian Economy is Resources

by Kris Sayce on February 8, 2010

The message from China seems to be, “Forget the coal seam gas, just give us the coal!”

Clive Palmer’s $70 billion deal with supply coal for 20 years to China Power International Development is a massive boost for the Australian resources sector.

If it ever comes to fruition.

Look, it wouldn’t be the first time a multi-billionaire deal was announced with a fanfare of trumpets only to quietly fade away as the proposed deal never gets off the ground.

However, the thing in its favour is that it’s a simple buy and sell arrangement. We’re not talking about complicated foreign ownership deals that need approval from shareholders and the Foreign Investment Review Board (FIRB).

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Why Fund Managers Could be Doing You a Favour

by Kris Sayce on January 29, 2010

Every so often the Money Morning mailbag receives a note saying, “Can you quit the property bashing already!” – Or words to that effect.

Funnily enough we get that request from both property bulls and property bears. The bulls claim they’ve heard it all before and yet property prices keep going up. While the bears suggest we’ve made our point and shouldn’t labour the point too much.

I guess the problem is that your editor suffers from a not-so-rare condition called Pigheadedness.

But to be honest, as I’ve written before, the issue of the property market can’t be ignored. It’s an integral part of the Australian economy. Just remember that around 50% of all bank lending goes to the housing market.

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