Two guest posts in one week! On this occasion, the Mule is yielding the soapbox to an anonymous and unqualified cynic who wants to talk about tax (his own words). In particular, he looks at tax and property markets in Australia and the US.
The Australian dollar has been going for a bit of a run over the last few weeks and many commentators are concerned that it has become over-valued. A widely quoted Bloomberg article published yesterday argued that the Aussie is 27% over fair value compared to the US dollar. Australian Dollar vs US Dollar (Jun 2009 […]
With Australia’s Federal election looming, the opposition has today proudly announced a new policy to fund infrastructure without actually increasing Government debt! What are we to make of this? It’s hard to determine the details from a media announcement, but based on the text posted by Peter Martin on his blog, it would seem that […]
Is high-frequency trading a great innovation that improves the efficiency of the market, or is it something we should be worried about?
How does the Rolling Stone’s 500 Greatest Songs of all time compare to Triple J’s Hottest 100 songs of all time?
Steve Keen is predicting the worst for Australia’s property market. Some argue that this spells disaster for Australian banks. Are they really in trouble?
The iPad looks set to inject new life into the tablet computer, which has been limping along for the last 10 years, not dying but not setting the world on fire either. Even so, I am not about to dump my Kindle.
American consumers appear to be returning to their traditional role of fueling the global economy as consumption shows strong growth for the fifth month in a row.
As expected, government debt levels exhibit a marked up-swing. What is striking, however, is that the levels of household debt have not yet fallen. While US and the UK are consumers “deleveraging”, Australian households are showing no signs yet of reducing their debt.
Clusterstock’s “Chart of the Day” has a chart showing business lending “falling like a knife”. But closer examination of the chart reveals that it is in fact quite misleading.