The Opposition’s unrelenting attack on the Government over carbon pricing has been simple and devastatingly effective. But Tony Abbott probably should have told his colleagues to hold off purchasing shares in an industry he has predicted will be shattered.
One of the Opposition Leader’s favourite strategies is to visit a family-run store, or a factory, or a pharmacy or a shopping centre. He’s been to manufacturing sites and trucking businesses, greengrocers – and, of course, mining sites - to smile, shake hands with workers, then talk about how much they’re all going to suffer under a carbon tax.
Meanwhile, it seems a significant portion of his party has been off buying shares in mining. Which tends to show some sort of confidence in the future of the sector.
Latest 2 of 413 commentsView all comments
Share market panics are scary and absolutely no-one knows for sure where they’ll end up.
The smarties will talk about buying bargains now because Australia’s future is more linked to China than the US or Europe, and how our economy is much better placed to ride out any financial storms than the rest of the world.
They’re right. BUT share market panics are not logical. They’re driven by emotion and almost impossible to predict.
Latest 2 of 51 commentsView all comments
IT seems incredible but barely two years into the greatest depression/recession/downturn/hiccup (take your pick) the world has suffered since the 1930s, we’re already talking about bubbles again.
Experts fear the 30 per cent surge in the local stock market since March – mirroring a similar spike on Wall Street – is building into a premature and unsustainable bubble crying out to be pricked.
Reserve Bank boss Glenn Stevens reckons the housing market, fuelled by record low interest rates and the government’s first-home owners giveaway, is looking dangerously like a bubble that could need a dose of higher interest rates to deflate.
Latest 2 of 3 commentsView all comments
Read all about it
Up to the minute Twitter chatter
The latest and greatest
Good morning Punchers. After four years of excellent fun and great conversation, this is the final post…
I have had some close calls, one that involved what looked to me like an AK47 pointed my way, followed…
In a world in which there are still people who subscribe to the vile notion that certain victims of sexual…