Perfect storm threatens housing speculators

photo credit: eb0la Will the FHOG save the housing market? A new report raises fresh doubts: THE Australian housing market is facing the prospect of a “perfect storm” of financial pressures, including high mortgage debt, overvalued homes and rising...

TALF to prime derivatives market

photo credit: The Joy Of The Mundane Perhaps the recent US stock market rally is in expectation of the new free lunch Helicopter Ben is preparing. The derivatives market is now in the Quadrillions. Apparently that is worth $199,000 for every human being on the entire...

Breaking in on the Rent Seekers

photo credit: h.koppdelaney Bryan Kavanagh (LVRG) 11 March 09 As published in the Age today (Business Opinion page) “Put to the vote: as many are of the opinion that a public tax upon the land ought to be raised to defray the public charge, say...