rudd

Your editor’s head is full this morning. We arrived at our Fitzroy Street office at 8.30am. But we didn’t type our first words until around 11am.

The thoughts in the Sayce brain are all trying to come out at the same time. And none of it is making any sense [Reader's voice: No change there then!] So you’ll have to excuse today’s effort as it’s likely to be all over the place…

Wall Street crashes by 350 points. The Australian market is down over 10% in less than a month. And Australia’s single most important industry – resources – is being held hostage by the government.

[click to continue...]

Well, we’ve given the Super Profits Tax a fair shake of the sauce bottle the last few days, so we’ll mix it up again today before changing tack tomorrow.

But before we get on to today’s Money Morning, a brief announcement…

The guys and gals at the Melbourne Adam Smith Club have been crazy enough to invite your editor to be the guest speaker at their May dinner function.

You can download an invitation to the event by clicking here. So, if you’re in Melbourne and you’ve got $45 to spend on a curry dinner and listening to your editor waffling on for half an hour or so then feel free to sign up for it.

[click to continue...]

Well, it looks as though the pathetic mainstream press has started to awaken from its slumber on the Super Tax.

Over the last day or so we’ve finally seen the penny drop as they realise the Super Profits Tax isn’t a tax on Super Profits, it’s just a bigger tax.

As our example showed yesterday, it’s not just so-called Super Profits that will be stung with the tax, even companies on small profit margins will get slugged with it.

I tell you what, it never ceases to amaze us how governments can get away with false, deceptive and misleading advertising. If Woolworth’s or Coles make a mistake with an advertising campaign the Australian Competition & Consumer Commission (ACCC) is all over them like a rash.

[click to continue...]

We’ll stay on the same subject as yesterday. The so-called Resource Super Profits Tax.

We have to admit to laughing out very loud indeed after listening to the Fairy Ruddfather’s interview on Perth radio yesterday. But more on that in a moment…

First, the Australian mainstream press can only be described as pathetic.

We’re quite serious when we say they should all just resign.

[click to continue...]