photo credit: Gary Denness Harold Mitchell, advertising supremo, summed up the mood that led to Kevin Rudd’s downfall, as quoted in the AFR, 23 June: It is an ‘amazing fact’ that ‘ordinary people on the street are barracking for five people…who have got so much money they don’t know what to do with it’. The […]
Part 3 to Phil Anderson’s Asset Bubbles Forever talk – what is the future for this commodity bubble?
photo credit: Robbert van der Steeg Surprise! A new Age survey found that investors were concerned about the Henry Review’s proposed Resource Rent Tax: … a staggering 92 per cent believed that the higher taxes would hurt the share prices of resource stocks. Long-term effects were also considered, with 25 per cent believing that a […]