What Happens When Greece Goes Tits Up
Brilliant little graphic from the FT – click image for interactive chart.
Investors Count Losses On Detroit property
I wonder how many local investors have been caught the same way. I do know folks who decided it was a good thing to buy US property at $US0.65 despite advice to contrary because the spruiker who pushed the idea said currency fluctuations didn’t matter.
Petrol
I had long been curious as to where Australia sat in terms of its pricing of petrol but was too lazy to put together a list. Fortunately Bloomberg has saved me the trouble. Most expensive gas ranking: Price per gallon of premium gasoline: Norway $9.69 Denmark $9.37 Italy $9.35 Netherland $9.35 Greece $9.23 Sweden $8.97…
DetailsAlec Baldwin Talks To Joseph Stiglitz
Also worth a listen… This week on Here’s the Thing, Alec talks about the financial crisis with Joseph Stiglitz, a Nobel Prize-winning economist. Stiglitz shows no restraint when unleashing criticism of presidential policies — on both sides. Of President Barack Obama’s financial-industry rescue plan, Stiglitz said that whomever designed it was “either in the pocket of…
DetailsMarx At 193
Well worth a listen to – Consider these passages from The Communist Manifesto, which Marx wrote with Engels in 1848, after being kicked out of both France and Germany for his political writings: Capitalism has subjected the country to the rule of the towns. It has created enormous cities. Capitalism has agglomerated population, centralised means of…
DetailsThe Idiocy Of Bureaucracy
I am one of those folks who does not believe in unfettered industry. If given their head people will pollute, rape and pillage this just seems to be the way corporate sociopaths think. However, you can completely go overboard in what you are trying to achieve when you introduce various laws to safeguard others. You…
DetailsAmerica’s Idiot Rich
I love the title.
Affordability
Following on from yesterdays post regarding the Property Trust Sector I got bounced these two little pieces from The 2012 Demographia International Housing Affordability Survey
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