Category Archives: Finance

While the Pell’s away, the church mice will play

AS the first prefect (from February 2014) of the newly created Secretariat for the Economy, Cardinal George Pell quickly acquired a reputation for confrontational rigour as he worked to reform the Vatican’s notoriously slipshod and corrupt accounts. Even detractors admitted … Continue reading

Posted in Ethics and morality, Finance | 17 Comments

The Shark of Morro

How bad is Scott Morrison’s decision to give a billion dollars to rich chancers and panhandling carpetbaggers buzzing around the “clean energy” trough? Click it and weep: this bad. Speaking to Alan Jones this morning, Mark Latham excoriated the prime … Continue reading

Posted in Finance, Wasteful Spending | 46 Comments

Australia may have the world’s most incompetent central bank

Cannot be sure since I don’t watch them all, but it’s gotta be a contender. Look at this from today’s AFR: RBA’s Lowe flags ‘extended period’ of low rates. Speaking at the annual Australian Business Economists Anika Foundation lunch in Sydney, … Continue reading

Posted in Economics and economy, Finance | 47 Comments

Ken Henry is gone

One of the great ironies of Australia is that people often get done for something other than what they did. Ken Henry should have been sacked by the Howard government in early 2007. He wasn’t and there has been a … Continue reading

Posted in Australian Story, Finance | 39 Comments

British childcare is expensive! Who would have thought?

Yesterday I got a mail from Malcolm boosting his childcare package. Wanting to he helpful but also in a hurry I quickly replied “Save the money and deregulate the system. The regulations are far over the top”. I go a … Continue reading

Posted in Finance, Rafe, Take Nanny down | 2 Comments

David Leyonhjelm on growth and productivity

Op ed in The Fin last Friday. When the new Reserve Bank Governor testified before a parliamentary committee recently, some Labor politicians who love big-spending saw an opportunity. They quizzed him on the global failure of low interest rates to … Continue reading

Posted in Budget, Economics and economy, Finance, Guest Post, Wasteful Spending | 17 Comments

David Leyonhjelm on superannuation

The Government has pulled a swiftie on superannuation. In the May budget it proposed to increase tax on super by nearly $3 billion by 2020. Labor sniped at some design features but offered no real opposition and proposed its own … Continue reading

Posted in Federal Politics, Finance, Guest Post, Taxation | 58 Comments

Cross Post: Peter Swan – Experienced shareholders better than independent directors for business

Businesses benefit from having substantial shareholders as directors on audit committees, but only when they are utilising swing trades, new research shows. The research compares the presence of these experienced directors as opposed to independent directors in management of Australian … Continue reading

Posted in Cross Post, Economics and economy, Finance | 2 Comments

Tony’s economic narrative

This is what Tony Abbott thinks: Malcolm Turnbull lost without an economic agenda. This is what John Howard thinks: Tony Abbott would have won coming election. And this is what Tony Abbott now writes: In defence of my economic narrative … Continue reading

Posted in Federal Politics, Finance | 103 Comments

I don’t see why they’re surprised

Financial markets may have rules of their own, but even there it has to be that the value of financial products can only rise if the real value of the assets beneath them are also rising. In an economy in … Continue reading

Posted in Finance | 13 Comments