superannuation

Yesterday we spent more time than is healthy re-reading the submission to Emperor Henry by tertiary student Michelle But.

Maybe we’d interpreted her submission incorrectly. Comments left on the Money Morning and Daily Reckoning website suggested we had.

That’s the thing with publishing a daily newsletter. We’ve got a quick turnaround time on researching, writing and then sending it out.

We arrive at our building on Fitzroy Street by around 8am each morning.

We then quickly head for the Editorial Office – avoiding the ’roundhouse’ and ’spinning crescent’ kicks from our black belt Taekwondo kicking assistant publisher Joanne Ha.

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Reader, you know your editor is like a dog with a bone. Once we start on a subject it tends to consume us for several days, almost without break.

Our property mumblings are a perfect example. We take a massive bite and just can’t let go. Eventually one of us gets bored and so we move on to the next thing.

As for property, we’ll come back to it at some point. We’re just waiting for something big and juicy to turn up before we do.

Yesterday we spent most of the day researching for the next issue of Australian Small Cap Investigator. There are two stocks we’ve got on the radar, and unless something turns up which we don’t like then we plan tipping both of them.

According to our assistant publisher, Joanne Ha, this month’s edition should be completed and mailed out to subscribers by tomorrow…

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“The pharaoh collected a large amount of taxes that he used for large government projects such as building pyramids and temples. These taxes also supported the wages of skilled workers, scribes, artisans, and military personnel, as well as financing large projects done by peasants during times of flood.”

History Link

Sound familiar?

The ancient Egyptians were quite fond of a bit of slavery too.

You know slavery, it’s where you work and work and work for someone else but you don’t get to enjoy the fruits of your labour.

Well, if Pharaohs Kevin Rudd and Ken Henry have their way with the upcoming tax stitch-up, chances are you’ll be pushed even further into servitude.

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You can come out of the shelters now.

Uncle Ben Bernanke has sounded the all clear.

“The recession is very likely over,” he said.

What a trusting lot we are.

The market listened in awe when he said there was no bubble in the US housing market. And they trusted the instincts of the “student of the Great Depression” when he presented his ingenious proposals to prevent the next depression.

Only great minds like Uncle Ben and George W. Bush could have formulated a plan that involved giving billions of dollars to Wall Street firms while simultaneously allowing millions of people to be thrown out of their homes.

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