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Labor's desperate Greens alliance
Labor and Greens commit to forming a committee to find a carbon price. However, the 'rules' for this committee are that "every person on the committee must be committed to a carbon price agrees as a threshold requirement for joining the committee". Clearly an issue of impartiality.
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Quotes from the Great Depression
Chronolically listed quotes from the Great Depression (plotted on a timeline against the DOW). Entertaining if you like to see respected economists and officials get it totally wrong.
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10 Things You Should and Should Not Do During Deflation
Adapted from Robert Prechter’s Deflation Survival book. Most of these won't surprise, but some might.
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[FOFOA BLOG] GOLD & MONEY: More Than Meets the Eye
http://fofoa.blogspot.com/2010/04/gold-money-more-than-meets...
Submitted by PeteD
1 day, 3 hours ago
A very interesting article that describes a relationship to global currency with oil trade, the oil crisis' and gold. A bit of a history lesson. Very interesting article, although quite long. Also definitely worth watching the YouTube video at the end that discusses the future of oil/energy/carbon trading.
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Narrowly avoiding our Greek tragedy
http://www.theaustralian.com.au/business/opinion/narrowly-av...
Submitted by cij
1 day, 20 hours ago
Australia is very much dependent on commodity prices for its 'prosperity.' A very interest paragraph says that mining investment can account up to 20% of GDP. If commodity prices fall, a lot of these investments will become mal-investments, which will have a very negative impact on the Australian economy.
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Guarantee mining tax will not be extended
(From July 2010) "Prime Minister Julia Gillard says she can guarantee the proposed mining tax will stop at iron ore and coal, and will not be extended to include other resources."
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Australia's Bank Bonds Punished on Housing Bubble Concern: Credit Markets
http://www.bloomberg.com/news/2010-08-30/australia-s-bank-bo...
Submitted by PeteD
2 days, 1 hour ago
"Investors in U.S. dollar-denominated bonds issued by Australian banks are demanding higher relative yields on concern the country’s property market is overheating."
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Singapore acts to cool property mkt, following HK
http://www.reuters.com/article/idUSSGE67T01620100830?loomia_...
Submitted by PeteD
2 days, 1 hour ago
The Singapore Govt has enacted policies to cool their housing market (the opposite of what Australia has done). Generally sensible policies to reduce speculation.
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SCF put into receivership, triggering govt payout; Bond investors, Torchlight win; Hubbard furious
http://www.interest.co.nz/news/scf-put-receivership-triggeri...
Submitted by PeteD
2 days, 4 hours ago
"New Zealand's largest independent finance company, South Canterbury Finance (SCF), has called in receivers McGrath Nicol after failing to secure new investors. The move will shock the South Island rural economy and triggers a NZ$2 billion payout to investors under the government guarantee, including to speculators who bought bonds on the market at effective yields of up to 40%."
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Sultans of Swap
A good article discussing derivatives ($605 trillion) and how they impact our currency and governments.
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