Sometimes we just don’t know what to think. But our occasionally muddled brain must be nothing compared to what those poor, dear little investment bankers must be going through at the moment. We don’t know, because we’ve never had the pleasure of being an investment banker, but we can imagine that although they receive a [...]
May 1st, 2007 | Kris Sayce | 0 comments | ContinuedArchive for Kris Sayce
Kris Sayce began his financial career in the City of London as a broker specializing in small cap stocks listed on London's Alternative Investment Market (AIM). At one of Australia's leading wealth management firms, Kris was a fully accredited adviser in Shares, Options and Warrants, and Foreign Exchange. Kris was instrumental in helping to establish the Australian version of the Daily Reckoning e-newsletter in 2005. In late 2006, he joined the Melbourne team of the leading CFD provider in Australia.
Australian economy keeps growing, but RBA will not lift interest rates
You know when you see the headline “Economic growth to accelerate” then it is bound to be followed by a veritable tsunami of metaphors emphasising the growth of the economy. And so it was the case with the report from AAP News, it told us that it was “full steam ahead for the Australian economy” [...]
April 27th, 2007 | Kris Sayce | 0 comments | Continued
Australian Govt. Impedes Internet Growth in Private Sector
What does arguably the biggest bluff in history deserve? There can only be one answer, it deserves to be called. That was our reaction when we saw the following story on the News Limited website yesterday, “Telstra threatens to quit bush.” It hardly needs elaborating on what our opinion is of this is, but we’ll [...]
April 26th, 2007 | Kris Sayce | 2 comments | Continued
Real Estate Agents A Necessary Evil
As for things that go up, up, up, we turn to the property market. There can be few more maligned and disrespected professions than being a Real Estate Agent. They are commonly grouped with Politicians as being among the least trustworthy people on the face of the planet. Our opinion of them? We don’t have [...]
April 23rd, 2007 | Kris Sayce | 4 comments | Continued
Another Record Breaking Week for the ASX
Perhaps there is such a thing as divine intervention. Earlier last week Prime Minister John Howard and his Environment Minister Malcolm Turnbull both encouraged the population to pray for rain. It took a few days, but eventually it came. It’s good for the garden and good for our grey water tank which we imagine is [...]
April 23rd, 2007 | Kris Sayce | 0 comments | Continued
Cutting Irrigation Could Lead To Food Price Hike
According to the Nine Network, the Irrigation Association of Australia has warned that cutting irrigation supplies will lead to massive food price rises. Scaremongering or fact? We don’t know, we’ll have to wait and see. But if we look at it from a pure supply and demand basis it makes sense. We only have to [...]
April 20th, 2007 | Kris Sayce | 0 comments | Continued
Aussie Dollar May Keep Pressure Off Interest Rates
Your correspondent doesn’t pretend to be the great know-all and predictor of everything. There’s two very good reasons for that – we don’t know-all, and we can’t predict everything with any great accuracy. What we think we do rather well is state the bleeding obvious. One would have thought that there wasn’t much traction in [...]
April 20th, 2007 | Kris Sayce | 0 comments | Continued
Orica Rejects Takeover Bid, Coca-Cola Amatil Raises Prices
Back home, as the good news flows into the Aussie market with takeover after takeover after takeover, some of the underlying issues are perhaps being glossed over. Take Coca-Cola Amatil’s latest profit percentage increase which is in the high single digit range. Much of the reason for the increase in revenue was due to price [...]
April 19th, 2007 | Kris Sayce | 0 comments | Continued
LCD TVs, Tesco and UK Inflation
We wrote previously that the strengthening Australian dollar is likely to help importers more and more as it climbs inexorably towards parity with the US dollar. Today we note a news item from Bloomberg News that states, “Tesco Plc’s second-half profit increased 18% after the UK’s biggest retailer expanded stores and sold more flat-screen televisions [...]
April 19th, 2007 | Kris Sayce | 1 comment | Continued
Resources Boom Could Damage Consumers, Borrowers
Much of the increase in the Aussie dollar is due to the anticipation of an interest rate rise at the next Reserve Bank of Australia board meeting in May. The only thing that seems likely to push the dollar back down is if the market suddenly considers that the RBA will not increase rates in [...]
April 17th, 2007 | Kris Sayce | 0 comments | Continued
Momentum in Aussie Dollar Means More Plasma Televisions
OK, so after a few days of random musings about one thing or another it’s time to get back to the markets. And not before time, as the All Ordinaries forgets about the woes of a couple of months ago and surges further and further away from 6,000 points. At the close yesterday the index [...]
April 17th, 2007 | Kris Sayce | 0 comments | Continued
Telstra Sale Intentionally Botched
Sometimes your correspondent is guilty of digressing from the point of what we are supposed to be providing, ie. Australian market commentary. However, we did get a rather good question from Daily Reckoning sufferer Nancy Peters, following on from our musings on prospective plans for a state subsidised broadband internet network. Although the question is [...]
April 16th, 2007 | Kris Sayce | 0 comments | Continued
Govt Should Reduce Tax Rates To Increase Productivity
Well, it’s a good thing that the Reserve Bank of Australia didn’t increase interest rates last week. If it had, there may have been nothing for it to do next month. Obviously our highly paid, full time monitors of monetary policy and the economy – namely the Central Bankers at the RBA – couldn’t [...]
April 13th, 2007 | Kris Sayce | 1 comment | Continued
Government Broadband Internet Plan Doomed To Failure
Let me say first of all that at the moment your correspondent is skeptical about the necessity of providing broadband internet to everyone. We are even more skeptical about it being provided to everyone by the government. Currently it is only a Labor Party policy but we can be certain that the coalition government [...]
April 12th, 2007 | Kris Sayce | 3 comments | Continued
Cemex Blinks First
It was Cemex that blinked first. After months of sparring, Cemex ran out of puff and conceded defeat. Yet it was only a technical knockout. Rinker may have been able to draw a higher bid from the Mexicans, but it was still around 10%-15% below the point that the most optimistic shareholders had hoped for. [...]
April 11th, 2007 | Kris Sayce | 0 comments | Continued
