The Most Extraordinary Thing About Today
05 Aug 2011
Marc Faber had this to say about the current market turmoil:
Investors don’t understand that markets are...
READ MORECategory: Economics
Inflation is Dead, Says Chinese Premier
24 Jun 2011
Never ask the barber if you need a haircut, so they say. Chinese premier Wen Jiabao has declared inflation dead in a...
READ MORE No Earthquake In Bondi
17 Mar 2011
I was not at the beach on Tuesday but I can confirm my broker’s prognostication during the day’s market...
READ MORE Interest Rates Can’t Cure China’s Inflation
09 Feb 2011
Admittedly it was many years ago. But when I studied economics at university, the theory was that a government...
READ MORE Moody’s Calamity 30 Years In The Making
13 Jan 2011
There has been a great deal of finger pointing about the US sub-prime mortgage crisis of 2007-2008. Alan Greenspan...
READ MORE How Monetary Policy Works – Part Two
10 Nov 2010
I woke up last night thinking about an analogy that might explain the RBA’s role in the world a little more clearly...
READ MORE How The RBA Sets Interest Rates
08 Nov 2010
‘I’ve never been able to understand the mechanics of the RBA’s influence over bank interest rates. My understanding...
READ MORE What? Collusion In The Banking Sector?
04 Nov 2010
Whilst sharing a meal and glass of red with a banker friend of mine last night, I expressed surprise that...
READ MORE Mortgage Obsession Bad For Business
01 Nov 2010
The latest in a painful series of ‘determined to be different’ advertisements claims Commonwealth Bank has ‘more...
READ MORE Europeans Will Eventually Choose Default
25 Oct 2010
vesting Congress in New York. He loosely quoted Kyle Bass, one of the presenters, saying that the ‘United States...
READ MORE The Good Times Are Killing Us
06 Oct 2010
It is a wonderful time to be living in Australia. Low unemployment, high economic growth and a wonderful overall...
READ MORE There's More To Life Than GDP
27 Sep 2010
For a good portion of the 20th century there was an implicit assumption that economic growth was synonymous with...
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