by Kris Sayce on March 3, 2010
I’ll confess, your editor is a big fan of kicking someone while they’re down. Not everyone mind you – not kittens or old people for instance. But rather those out there that deserve it.
So before we tuck into today’s Money Morning we’ll give our old pal Christopher Joye a boot.
Remember, this is the guy who thinks $25,000 + $125,000 + $75,000 equals $250,000. That’s a terrible Maths 101 mistake to make. But not content with getting his maths horribly wrong, based on what Steve Keen has written, El Joye has got his facts horribly wrong too.
It seems that rather than El Joye being the victor in the housing debate between the two, it was, erm, actually Keen who came up trumps.
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by Kris Sayce on February 17, 2010
In today’s Money Morning we’ll give the Reserve Bank of Australia (RBA) a major serve. But before that, it’s appropriate to let you know about Jarrod and Seb’s next protest at the RBA.
Jarrod says they will be out the front of the RBA building at Martin Place in Sydney this Friday between 8am and 10am.
So, if you fancy going along to give them some support, feel free to do so, and let us know how you go by sending an email to moneymorning@moneymorning.com.au.
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by Kris Sayce on February 4, 2010
In the United States there’s an ‘End the Fed’ movement. It’s a group of people who as a minimum would like to see the Federal Reserve audited, but at best would like the whole darn thing abolished.
It’s gained quite a following among those who believe in ‘Sound Money’ rather than fake paper or plastic money.
Which all sounds like a pretty good idea to us. But what about Australia? We wrote yesterday “Why it’s Time to Shut Down the RBA.”
End the RBA
Well, as it turns out, Australia has its own ‘End the Fed’ movement, only its version is of course, ‘End the RBA.’
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by Kris Sayce on February 3, 2010
You can read the official press release from yesterday’s Reserve Bank of Australia (RBA) board meeting here.
In a couple of weeks the RBA will release the full minutes of the meeting. If the official version is anything like the previous versions it will mention international economic conditions, domestic economic conditions, financial markets, and considerations for monetary policy… Blah, blah, blah.
Of course the unofficial version goes something like this: [pump, pump, pump...]
For all the bluff and bluster about wanting to return interest rates to “normal” levels, there’s absolutely no doubt that the RBA lost its bottle.
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by Kris Sayce on February 1, 2010
Well, it’s nice to see that the mainstream media have started to wake up about the lies surrounding the housing shortage.
Eagle-eyed Money Morning reader Gary sent us this link to The Australian:
“Homeless figures are ‘distorting housing shortage’”
Nice work. It’s just a shame we revealed that fact back on August 24th last year when we wrote, “Revealed: The Housing Shortage Lie.”
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