The Reserve Bank of Australia (RBA) left the cash rate at 4.25% last week. But one by one, the Big Four banks are raising their rates anyway.
February 13th, 2012 | Dan Denning | 4 comments | ContinuedAll Posts Tagged With: "Australian Government"
Australia Forgets the Little People
How about that? Contrary to our gloomy disposition yesterday, the stock market has taken off like a rocket this morning. The material sector is up 2.9% today alone. It was the worst performing sector in Australia on the ASX in 2011, down 25% thanks to lower commodity prices.
January 4th, 2012 | Dan Denning | 7 comments | Continued
The Bear Dines Out
Needless to say, watching (and feeling) your money being eaten alive by a multi-year bear market is not pleasant. In fact it’s the kind of experience that might prompt you to make a change by, say, selling your shares and giving up on the market once and for all.
January 3rd, 2012 | Dan Denning | 2 comments | Continued
The Mineral Resources Rent Tax Siphon
Green and Gold Greed…
The last thing Australia needs right now is to worry that China’s manufacturing economy is sputtering. After all, that Chinese engine of growth consumes huge amounts of Australian resources, like coal and iron ore. The government is keen to siphon off revenue from mineral and energy exports in order to do what it does: take from one party in order to give to another, while sounding self-righteous and looking important.
November 2nd, 2011 | Dan Denning | 5 comments | Continued
A Date for an Aussie House Price Collapse
But we’ve done plenty of homework on the Aussie housing market. We’re either right or we’re wrong. Our forecast is not an option. There is no time decay. True, there may be people out there who are weighing up whether now is a good time to buy a house based on predictions about the direction of prices.
December 2nd, 2009 | Dan Denning | 251 comments | Continued
Gorgon LNG Deal with China a Really Big Deal
Well just a day after highlighting the size and scope of the Gorgon LNG project in Western Australia, we have news that it really is a big deal. It is so big, in fact, that Martin Ferguson, the Federal Minister for Energy and Resources, said Australia is emerging as an “energy superpower.”
Shazzam!
August 19th, 2009 | Dan Denning | 5 comments | Continued
