Archive › July, 2009

Memo to: The Governor of the Reserve Bank of Australia

To the Reserve Bank of Australia Governor, Glen Stevens. Hi Glen, Your report this week about the housing price bubble was very interesting, you highlighted that the reasons for this increase in housing prices was two-fold: cheap credit and not enough dwellings. Glen, there are five other reasons that are creating this unique phenomena and [...]

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Greed is good…

Gordon Gecko said it, “Greed is good.” Gordon Gecko was the fictitious character in a movie called, Wall Street. When he said that, initially it stirred my stomach up. At the time, I was struggling myself and couldn’t really relate to high-flying stock market gurus fleecing companies and destroying jobs in the process. So, is [...]

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