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Entries Categorised as 'Opinion'

The G20 Toronto Summit: the end of consensus.

July 6th, 2010 · 3 Comments

As readers of this blog will know, I believe that the G20 leaders meetings are generally a waste of time and fossil fuels. After each meeting all we ever get is some vague declaration that basically says all the G20 leaders are wonderful with the mainstream media simply rehashing press releases and happy to go along for the ride. The latest G20 gathering in Toronto, Canada, was no different except that more police cars were set alight.

The Resources Super Profits Tax, twisted logic and why Henry must go.

June 7th, 2010 · 98 Comments

Quite clearly the debate regarding the Resources Super Profits Tax (RSPT) in Australia and abroad has not died down. Despite what the Government would like people to believe, it is not just the foreign mining companies that are opposed to this new tax, but also small Australian mining companies, business owners and the public in general.

Media vultures circle Japan’s P.M.

May 27th, 2010 · 11 Comments

In Brazil they tell the story of the small-town TV crime reporter who gained fame and scoops by arranging crimes himself. He could then rush out and interview the victims well before rivals. But eventually his scoops caught up with him and he ended up in jail.

The two speed economy, debt and the fantasyland federal budget.

May 17th, 2010 · 39 Comments

Now that the major stock markets around the world are falling the Australian media have become obsessed with the concept of a “two speed economy”. I am not sure who first started using this term, maybe it was the gurus at the Treasury or the Reserve Bank, but in my view there is no such thing as a two speed economy. The situation we have now is that the economy has simply been mismanaged.

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.

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