by Kris Sayce on February 25, 2010
Before we get on to today’s Money Morning, we couldn’t pass up the opportunity to scoff at the further incompetence of government.
As you know, the federal government has spent billions on the stimulus package on the justification it will ‘create’ jobs. Well, now the insulation debacle has been cancelled, what else would a free-spending government do than spend more money to get people not to work.
As today’s Australian Financial Review (AFR) states:
“Mr Rudd said the government would commit $41 million to help firms keep staff on board until the new scheme kicks in, train workers who cannot stay or help those who are laid off to find new jobs.”
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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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by Kris Sayce on December 11, 2009
We’ll take a break from bashing the Copenhagen soiree for today.
Mainly because we’ve got nothing further to add for now.
We had hoped to come up with some elaborate analogy to illustrate the foolishness of the Copenhagen Conference and how the 34,000 attendees won’t achieve one single thing that will benefit the environment.
But fortunately we don’t need an analogy because it’s plain to see that nothing good will come of it.
I mean, take the opening paragraph to an article on page 14 of today’s Australian Financial Review (AFR):
“Heavy industry is pressuring the Rudd government not to lift its greenhouse target above a 5 per cent cut by 2020…”
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by Kris Sayce on December 8, 2009
We thought we had today’s Money Morning all planned out. Yesterday we took a swipe at the banks and how they’re surviving by a thread.
In our guest appearance over at The Daily Reckoning we mentioned to those readers what we’ve written here. That any global treaty on Climate Change is merely an excuse for ‘Stable Climate Deniers’ to foist a massive tax burden on individuals.
Although of course if you read comments from the Fairy Ruddfather, he’s promising to wave his magic wand so that the “Government” pays for it not the people.
Except he’s obviously forgotten that government doesn’t have its own money. Any money it does have has been ripped and stolen from the people.
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by Shae Smith on November 30, 2009
Kris is putting the final touches to the November issue of Australian Small Cap Investigator, so I’m filling in today.
But so you don’t get too many withdrawal symptons, I’ve got a subject you’ll be familiar with…
Property!
You and me, we’re constantly bombarded by the media about the housing shortage. If that message isn’t in your morning paper, chances are you have a flyer in your letter box from a real estate agent, telling you, that there is a shortage of homes in your area. Followed by the question, “Would you like our company to come and value your home?”
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