Like the Mafia helps stabilize poor neighbourhoods in Palermo…or free heroin helps stabilise addicts…the IMF is meant to keep the system functioning.
The post The IMF — the World’s Most Powerful Mafia appeared first on The Daily Reckoning Australia.
Is this the cosmos saying that the government’s new budget is in tatters already? As far as signs go, it looks like a pretty obvious one to me.
The post Australian Federal Budget in Tatters Already appeared first on The Daily Reckoning Australia.
What happens when a genuine crisis in Australia hits? How much more can the RBA cut? Can it go to zero, or will our foreign creditor revolt before we hit that level?
The post A Crisis in Australia will Result from a Crisis in China appeared first on The Daily Reckoning Australia.
The herd first appeared as a cloud of dust coming from the northwest. It would take another two hours for us to hear the cows mooing and the gauchos yipping and yelling.
The post The Herd First Appeared As a Cloud of Dust appeared first on The Daily Reckoning Australia.
Kathmandu Holdings Limited [ASX:KMD] shares are still a long way off their high. The KMD share price peaked at $3.68 in May 2014. Poor financial results over the past couple of years have seen the stock slide as low as $1.11 (July 2015). Is Kathmandu a buy?
The post Is Kathmandu a Buy at the Current Share Price? appeared first on The Daily Reckoning Australia.