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Entries Categorised as 'Opinion'

The tax review, health reform and Rudd fatigue.

May 7th, 2010 · 74 Comments

Well the Government’s response to the Henry Tax Review has been released and even Ruddites like David Koch from Kev07’s public relations program “Sunrise” seem annoyed by the way the report is basically being shelved. Suddenly the business media has woken up to the fact that Rudd and Swan are economic dills, but as reader’s of this blog will be aware I have been warning about what these two would do to the economy for years.

What might an Australian economic slump look like?

April 30th, 2010 · 140 Comments

If you are an investor and you have not contemplated an economic slump in Australia during the next few years then in my view, you might be in for a nasty surprise. Yes the Australian economy did hold up well during the worst of global financial crisis, but the crisis isn’t over yet and it still has some sting left in it’s tail. (just ask the people of Greece!)

Another G20 love-in, the global recovery and China.

April 25th, 2010 · 36 Comments

All hail to the G20 Finance Ministers and Central Bank Governors, for according to the communiqué from G20 meeting in Washington, they have saved the world from a financial crisis and will now lead us into a new era of growing global trade. Of course if the G20 actually functioned properly in the first place we would not be in the mess we are in now, but I guess they don’t talk about that much at the meeting.

Pink batts, a revived Federal Opposition and an election year.

February 17th, 2010 · 21 Comments

I have not focused on the Australian political landscape for a few months but the recent tragic deaths of 4 people installing home insulation as part of the Rudd Governments spend-a-thon, has reminded me of the dangers of a government obsessed with poll numbers and popularity.

Why the Ken Henry taxation review will achieve little.

January 26th, 2010 · 19 Comments

For some time now investors and the public in general have been drip fed details of what might or might not be included in grand sounding “Australia’s Future Tax System Review”. Now that the report has been handed over to Wayne Swan and the Government it might be tempting for us to think that we will see sweeping changes to Australia’s tax system, but I am here to tell you that little will happen and here’s why.

Climate change fakes and fakers: the mindless mob.

January 15th, 2010 · 29 Comments

Over the past year or so those who have questioned the science behind Anthropogenic (human-induced) Global Warming have been subjected to ridicule and harassment especially by dim witted journalists and politicians.  But the real villains in the global warming story are those who preach climate change, but do little to rescue their own carbon footprint. Why are these people not held up to ridicule I wonder?

Farewell 2009, goodbye GFC and a Happy New Year to all!

December 31st, 2009 · 2 Comments

Well 2009 is almost over and although stock market investors did it tough in the first quarter, overall the ASX All Ordinaries and S&P/ASX 200 posted healthy gains of around 30%. This means stocks & shares were in fact a good place to have your money over the last 12 months.

The madness of King Malcolm and the Emissions Trading Scheme.

November 27th, 2009 · 17 Comments

From the moment the Emissions Trading Scheme (ETS) concept was floated I had an uneasy feeling about it and unlike a lot of recent anti-ETS converts, I have voiced my opposition to this legislation for many, many months. Simply put, I don’t see the logic in trying to help the planet with a tax.

GDP growth does not equal a quality Australian economy.

November 3rd, 2009 · 12 Comments

It would be easy to get the impression by listening to the Government, the Reserve Bank, the Treasury, financial journalists and many economists that it is undeniably good if Australia’s Gross Domestic Product (GDP) expands, but is that entirely correct? Is there such as thing as bad GDP growth?

The forgotten economic giant: The European Union.

November 1st, 2009 · 3 Comments

In the frenzy to churn out China growth stories most financial and business journalists in Australia appear to live in a world where the European Union either no longer exists or does not matter. I must admit I also do not pay enough attention to European economic data, so today I will have a quick look at the European Union and outline why I believe we should all pay more attention to developments on the other side of the planet.

Ken Henry and his tax review: should we be worried?

October 6th, 2009 · 165 Comments

Back in May 2008, when times were good and the inflation genie was free, the Government announced that a review of Australia’s tax system would be undertaken. But that was before the global financial crisis struck and a lot has changed since then, so should we be worried about what recommendations the review panel will make?

A G-20 love-in, world leaders on parade and spoonfed journalists

September 26th, 2009 · 17 Comments

Thank goodness for the G-20 meetings, they are 2.5 time more exciting than the G-8 ones and they require more people to jet around pumping lots more Co2 into the atmosphere. After the latest lovefest in Pittsburgh it seems the global economy has been saved, the world is united in fighting global warming and Elvis was found serving drinks at one of the cocktail parties.

LNG billions: is Australia getting a good deal from the Gorgon Project?

September 14th, 2009 · 26 Comments

Recently there has been a lot of joyous reporting about the massive Gorgon Project and the expected boost that the Australian economy will get from  multi-billion dollar LNG export contracts. However is Australia really getting a good deal for it’s LNG and as a nation, are are we tapping into all the benefits we should be getting from this massive project?

The importance of being earnest, greed and investing.

September 2nd, 2009 · 14 Comments

Whenever there is trouble in the financial markets or stocks tumble, those who occupy the high moral ground for a living start to lecture the rest of us about greed and the dangers that the pursuit of wealth can lead to. The irony is that many of the people who bombard us with such lectures are in fact themselves quite wealthy, yet they curiously appear to believe that they have not been greedy while they amassed their fortunes.

Will Glenn Stevens and the RBA ever admit they make mistakes?

August 18th, 2009 · 8 Comments

Recently Glenn Stevens of the Reserve Bank of Australia (RBA) appears to be taking credit for everything from the robust nature of the Australian economy to the mining boom. What he seems to have forgotten or is not willing to admit, is that the RBA has made a number of  forecasts over the last couple of years that have been very wrong and probably raised interest rates too high in 2008.

When in a recession be careful what you believe.

August 13th, 2009 · No Comments

Recessions are not only bad for an economy but they are also appear to create an environment where some of the worst financial reporting and commentary thrives. Suddenly journalists actually start to believe they know how the recession will unfold and many self titled market experts toss up the most bizarre predictions that cover everything from the end of the global financial system, to cunning plans being secretly developed by bankers to control the world.

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