Posts tagged as:
We’ve written for some time about what a waste of space the Federal government.
How it just sucks the life out of the private sector in order to fill the pockets of interfering and power-crazed bureaucrats.
Yet we’ve been told by all and sundry that a strong government is important, nay, crucial for the stability of both the economy and society. Without it, the argument goes, there would be anarchy in the streets.
{ 54 comments }
Yesterday, RBA Assistant Governor Guy Debelle spoke at the “Risk Australia Conference” in Sydney.
The one-day conference, which would have cost those interested, up to USD$2,800 to attend, was held at the plush surroundings of the Hilton Hotel in Sydney.
Among the sponsors of the “Risk Australia” conference was Credit Suisse. Credit Suisse, of course, is the Swiss banking firm that rejected the offer of a Swiss government bail-out in 2008, but which happily accepted USD$8.8 billion from “a small group of major global investors”, including – according to the New York Times – “the Qatari authorities.”
{ 43 comments }
We’ll stay on the theme of Japan for today. And we may even stay on a similar subject for tomorrow after we heard this quote, “All the signs look like we’re [the US] going to follow the Japanese scenario.”
But more on that – perhaps – tomorrow.
Until then, we had to laugh. Yesterday’s Wall Street Journal wrote, “Japan’s government offered a modest stimulus package Monday and the central bank took steps aimed at curbing the rising yen…”
{ 43 comments }
Your editor spent most of yesterday polishing off the August issue of Australian Small-Cap Investigator. Today we’ve just a few small bells and whistles to add to it, before we should have it delivered to subscribers after 4.10pm this afternoon.
If you’re not a subscriber yet, then why not take a few moments to read how you too can become what I like to call a Disaster Profiteer…
{ 19 comments }
Worldwide markets are poised on a knife edge. We have seen the first signs of the “stimulus” rally of the past year and a half faltering during April and May this year. The ASX 200 fell 17% in a little over a month and since then we have seen the markets treading water between 4200-4600 in the ASX 200.
ASX 200 Nearing the Point of Control (POC)
[click to continue...]
{ 34 comments }
|
FREE SUBSCRIPTION
Wouldn't it be nice to have your own private cheat sheet on the markets each day, sorting out for you what news and data really matter to your money? That's why we're pleased to bring you Money Morning each day. It is your own personal stock market intelligence service.
Enter Your e-Mail Address to Sign Up Now
|
| All Ordinaries | 4577.60 | ||
| S&p/asx 200 | 4541.20 | ||
| Nzx 50 Index Gros | 3107.43 | ||
| DJIA | 10320.10 | ||
| NASDAQ | 2200.01 | ||
| S&P 500 | 1090.10 | ||
| Ftse 100 | 5374.57 |