Economic Growth is stalled…debts are mounting up. Already the weight of debt is pressing down growth rates…and it’s getting worse.
February 10th, 2012 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "tax"
Australia’s Allowance For Corporate Tax Stupidity
Apparently, a nine-person working group set up by Treasurer Wayne Swan after the recent tax summit, has come up with this corporate tax gem – the “Allowance for Corporate Equity”.
December 7th, 2011 | Dan Denning | 3 comments | Continued
Losing Faith in the Zombie-Run Government
Zombies join government because it’s a good place to work if you’re brain dead and all you can do is slouch and shuffle. The feds can earn a living without actually doing very much. Well, no one knows whether they are doing anything or not. That’s the beauty of government.
September 14th, 2010 | Bill Bonner | 0 comments | Continued
The Needs Justify the Ends
Remember back in the good old days? Back when there was no government in Canberra and stocks rallied because investors knew there wouldn’t be any moron law makers to pass moron laws? Ah yes…the good old days. Sigh. If there’s a deal that puts a Labor/Greens/Independent government in place, you might expect that to be a negative for shares, inasmuch as it could mean mining tax and, down the track, some kind of carbon tax.
September 7th, 2010 | Dan Denning | 3 comments | Continued
Don’t worry, I’m a central banker!
The Bernanke-led Fed … announced on Aug. 10 it will buy Treasuries to set a $2.05 trillion floor on its balance sheet and keep interest rates from rising. Trichet said Aug. 5 that the euro-area economy was surpassing forecasts, which may pave the way for the ECB to look at phasing out its emergency lending measures.
August 28th, 2010 | Nickolai Hubble | 0 comments | Continued
The Idiots Guide to Repairing an Economy
Stocks went down early in the summer. We thought that was the beginning of the big “second shock” we’ve been waiting for. But we were wrong. The stock market rebounded. But now it is back at its July lows…and appears ready to keep going down. Why? Because small investors are leaving the stock market.
August 26th, 2010 | Bill Bonner | 1 comment | Continued
Australia Wins
If Henry David Thoreau was right when he wrote, “That government is best which governs least,” then Australia got itself the best government in the world on Saturday. Of course technically speaking, Australia didn’t elect a government. And that government which is not a government cannot govern at all. Thus, “not at all” being less than “least”, the unelected government not elected on Saturday is best!
August 23rd, 2010 | Dan Denning | 2 comments | Continued
!$%*!?
Peter Wilby at The Age has come up with one of the most enraging reads ever read. There is so much wrong and outrageous about this article that we can’t even get to the point of analysing it. We have just provided some of the highlights, not that they do the article justice.
August 14th, 2010 | Nickolai Hubble | 3 comments | Continued
Road to Nowhere
Where is it going to get you in the next five years? Who knows? But with government influence and debt on the rise, there are probably some severe misallocations in the economy. On a global and local scale. At some point they are going to have to reallocate.
August 7th, 2010 | Nickolai Hubble | 0 comments | Continued
Unusually Fed Up
Feeling besieged by the Welfare State? Tired of rising taxes, endless browbeating by unelected bureaucrats and insipid drivel in the news papers that passes for economic thinking? You’re not alone friend. You’re not alone. A big welcome to www.economics.org.au. We learned of the project when we were up in Sydney recently. If you’re interested in economics and more discussion on some of the ideas you find here in the Daily Reckoning, give the site a look.
July 23rd, 2010 | Dan Denning | 39 comments | Continued
Public Debt Replaces Private Debt in the Name of Progress
If the public sector tries to correct its debt at the same time it puts even more pressure on households and companies. Their income goes down (less government spending). And their taxes go up. So they cut back. Jobs are lost. So tax revenues fall. So the government’s deficit increases and it must cut even more.
July 23rd, 2010 | Bill Bonner | 1 comment | Continued
Biased Lenders
The other big tax con game is the assertion that carbon needs a price. We have yet to see a compelling argument about why this is so. The only argument we have seen is that carbon dioxide emissions from man-made activities are causing the Earth’s temperatures to rise. Thus, carbon needs a price so businesses can be discouraged from carbon dioxide emissions…
July 19th, 2010 | Dan Denning | 56 comments | Continued
Side By Side We Stick Together
What is collateral, anyway? The Latin etymology suggests it is something standing side by side with something else, like Collingwood fans sticking together to defend the Magpie name. But in the financial world, we take collateral to mean property, or something equivalent, deposited with a creditor to guarantee the repayment of a debt. The collateral gives the lender security against the risk that the borrower is unable to repay.
July 13th, 2010 | Dan Denning | 12 comments | Continued
Budgeting Casualty
Mr. Orszag can’t seem to put a simple sentence together. But he can count. According to the last census results, there were 1.7 million households in America with incomes of $250,000 or more. Even if you took an additional $250,000 in tax from each one of them, raising the effective rate on many of them to nearly 150% of income, it you would still have a trillion-dollar deficit.
July 1st, 2010 | Bill Bonner | 4 comments | Continued
Live from China
We are massively underweight Australia, which is perceived as an economy that is geared to China on the commodity side…
May 20th, 2010 | Dan Denning | 5 comments | Continued
