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The IPCC (international Protocol for Climate Change) is merely a consensus, an agreement. Protocols are agreements such as at a conference. (Oxford Dictionary) Agreements are by there nature 'unscientific'. We could all "agree" Alan Greenspan is a brilliant economist who presided over a great...

I am sometimes bothered by Pit-Bulls on my property. I find a shotgun blast to their face tames them somewhat. I then hang their ugly carcass from the post and wire fence and let the foxes eat them. :D

The Australian dollar is just one of many speculative bubbles around at the moment. It will unwind in due course. 4.75% overnight cash rate in Australia; 0% in the US. Where would you rather park money? (The average Aussie has shit for brains when it comes to economic literacy. They know...

Exactly! The worst immigrants were the boat people of 1788! Our reserve bank recently said that we are a in a decade long BOOM! (They said this just before the market dropped off a cliff in 2007) The RBA is the best contrarian indicator around!

Steve Keen has been right big time in the past (with the odd well publicised rush to the head forcing him to walk up Mt Kosciosko!) and will continue to be right I expect. 'Daily Reckoning' is VERY good too. You must check it out. Our Reserve Bank of Australia are bigger cheerleaders than...

Overnight cash rate at nearly 5%. Inflation at 3.5%. negative GDP. Property values have fallen 1.2% supposedly. I think much more! Australian banks are nowhere near the 'Great Financial Shape' they supposedly are. Westpac (WBC:AX) and Suncorp (SUN:AX) are greatly exposed to an...

We in Australia are no strangers to bullshit statistics. Remember we have 5% unemployment rate yet the economy shrank 1.2 %! Figure that one out! A storm, the weather, is enough to send our GDP plummetting. The RBA has sent the east coast into recession because it sees danger of 'inflation'...

Mark my words, by the end of June 'paper silver' will trade at US$55 an ounce. If not, I will fly over to the USA and eat some chitlins and grits!:D

I don't know why stocks haven't sold off 1,000 points on the Dow yet.:confused: My wife is in Japan an she KNOWS things are much worse than what the media portrays.

No it's not, its Americans. Only Americans.

Well duh, that's what sort of crooks you breed over there in the US of A. This well known.

We are going to get smashed. Thats what's going to happen. Bye bye birdie!:D

The idea that a Reserve Bank of any country can stop a market correction or crash is absurd. The most the US Federal Reserve can do is to get a little co-operation from Brussels and Tokyo and to a limited extent Beijing. The crash (like in 2008) will happen quite soon and will take out a...

A couple of years ago, when it looked as they we were going to have 'the correction we had to have' what did the Federal Government do? They gave everyone (but the rich) thousands of dollars in 'stimulatory payments', tens of thousands of dollars in Federal and State incentives to build their...

A thoughtful, considered and informed post.

In Australia a lot of statistics are fudged. The unemployment numbers are a joke! One only has to work 2 hours a fortnight to be considered "employed". (How many people do you know who can pay for petrol, food, rent/mortgage working 2 hours a week?) Steven Keen lost his bet because the...

BP going zero is one of the most ridiculous things I have seen here. From people who should know better, as well! Absolutely absurd. It will trade around fifty bucks in less that six months.

Buffet also didn't sell H&R Block before the shit hit.....amongst many others.

This company (GS) is obviously going to be a convenient whipping boy for the Obama administration for years. Its all about getting re-elected. I think it's wise to buy long dated puts on this stock. Strike price around 50 bucks is a good idea. It;s laughable to think this is going to 200...

G'Day Acronym! We've had a Daylesford bushfire that put me off line for a while.....