October 27, 2009
The economy that we live and work in..... is not the inflation adjusted economy.
October 20, 2009
Having called the March rally and jumped on the bus with a measure of gusto (though we ignored most of the banks for nearly all of the time), we now find ourselves in the position where we simply do not know what is going on. So: Time to pause, reflect, get off the bus, sit on the sidelines, have a breather, wait for earnings and the economy to catch up with the market. "When too many people are doing the same thing the market will adjust. Buy when others are despondently selling. Sell when others are greedily buying."
October 13, 2009
We cannot understand why Copenhagen is relevant at all to the climate change debate. Australia can begin to solve its emission problems on a constructive timetable, and the rest of the world can follow later. An ETS, in our view, is bad policy.
October 6, 2009
Sometimes analysis is simply a question searching for an answer. Sometimes we are just looking for the straw that might break the camel's back.