A report in Bloomberg states that there is talk that the US Federal Reserve ‘might’ start reducing its $7 Trillion dollar mountain of mortgage backed securities. This rumour concerns one of the […]
Today on Macrobusiness.com.au another excellent Deep T journey down through the house of mirrors that is APRA’s regulation of Australian private bank credit creation. Unquestionably absurd. If a casual observer thought this APRA […]
The “balanced budget paradox” is an interesting paradox as the implications of it are obvious but many remain oblivious to them. It would seem that hiding in plain sight remains an excellent […]
Anna Bligh, in her new role in political retirement as spruiker in chief for the interests of the Australian private banks, gave a speech yesterday at the Australian Press club in Canberra. […]
Mr Bowen, the Shadow Treasurer, has given a speech in which he is reported to have made clear that a Royal Commission into banking must be thorough and carefully look at the banking […]
Nothing like an industrial grade testing of the gag reflex first thing on a Monday morning! A flock of recently retired senior politicians from the major parties are out and about, with […]
Are the Greens on a slide that ends in oblivion or just suffering a loss of direction? Across the land many are wondering. Everyday, the Greens become more and more like the […]
Over the weekend regular MB commenter “footsore” linked to an article regarding usury (charging of interest) and how and why it become ‘respectable’ (**cough cough**) after a long history of prohibition, restriction and […]
This morning on Macrobusiness there was a call for the state governments across Australia to work together to support a Bank Levy that is distributed to the states and not Canberra. “..The […]
Only 6 weeks to go before Western Sydney drivers find their wallets feel a lot lighter each week as the NSW government turns on those new toll readers over the M4 near […]
Decentralisation? The dream throughout Australia’s history and a key driver for the creation of Canberra and the government investment in Albury Wodonga in the 1970s. Today the dream lives on as […]
Michael Pascoe spent some time last week arguing that having APRA do something useful for a change, i.e. restrict unproductive credit creation by our big 5 taxpayer guaranteed banks, was a bad […]
Although the Turnbull government recently decided to impose a small Bank Levy on the taxpayer protected five large private banks, it remains a very “banker friendly” government and it has been insistent […]
Macrobusiness this morning really got stuck into the rotten state of Australian political economy. Hurrah! The Glass Pyramid made the following contribution to the ensuing debate.
The March data on Stamp Duty paid in NSW has been released by the NSW Office of State Revenue and still the Gladys foreign buyer “Secret Business” continues. As noted in past […]
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