Planet Treasury
Getting angry, or not even responding to questions (another Treasury ploy), is just not good enough.
Monday, May 14, 2012

Saturday Sanity Break, 12 May 2012
It's been another exciting but deeply frustrating week in the miracle economy that is Australia

Budget reply
Tony Abbott last night delivered a fine reply to Wayne Swan's budget speech.
Friday, May 11, 2012

Budget 2012 - where`s the storyline?
This budget accurately reflects the values of its makers.
It is mean and tricky, taking from those it deems rich to give to battlers (correction, lost Labor voters), ...
Wednesday, May 09, 2012

Second dip here for sure
Speaking at the Red Cross function also attended by Tony Abbott, Australia's first woman said: 'I'm red and Tony Abbott is always cross'.
Tuesday, May 08, 2012

Saturday Sanity Break, May 5 2012
The budget leaks are running hotter and stronger than ever before.
Can this be a deliberate strategy, to get most of the bad news out ahead ot time? Or are some of the comrades trying to sink other comrades?

Wealth or self-sufficiency - the debate we have to have.
'Pundits haven't realized it yet, but the age of economic globalization is over', writes Michael Lind.
Friday, May 04, 2012

Reforming global money: Help is at hand
'And what would [Jim Grant] do if, following the inauguration of Ron Paul, I were sitting in the chairman's office? I would do what I could to begin the normalization of interest rates. I would invite the Wall Street Journal's Jon Hilsenrath to lunch to let him know that the Fed is now well over its deflation phobia and has put aside its Atlas complex. "It's capitalism for us, Jon," I would say. Next I would call President Dudley. "Bill," I would say, pleasantly, "we're not exactly leading from the front in the regulatory drive to reduce the ratio of assets to equity at the big American financial institutions. Do you have to be leveraged 89:1?" Finally, I would redirect the efforts of the brainiacs at the Federal Reserve Board research division. "Ladies and gentlemen," I would say, "enough with 'Bayesian Analysis of Stochastic Volatility Models with Levy Jumps: Application to Risk Analysis.' How much better it would please me if you wrote to the subject, 'Command and Control No More: A Gold Standard for the 21st Century.'"
Thursday, May 03, 2012

Why do so many people not like Tony Abbott?
Both Abbott and Howard before him cleave to the great Greco-Roman-Judeo-Christian inheritance of the Western world.
Wednesday, May 02, 2012
Author: Gary Scarrabelotti

RBA cuts 50 basis points
Curiously, Glenn Stevens and the board preferred Bernie Fraser as an advisor to Henry.
Tuesday, May 01, 2012