InvestSMART

EDITOR'S PICKS

In this week's essential reading guide Kohler highlights China's role in our crazy rates ride, Gottliebsen quizzes public service superannuants, Burgess laments a lack of Labor statesmanship and Koukoulas questions Spain's austerity commitment.
By · 5 Oct 2012
By ·
5 Oct 2012
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The RBA's interest rate kryptonite
Alan Kohler
The Reserve Bank misjudged the strength of the China boom and shouldn't have increased rates while other countries were on hold. Unfortunately, as we wind back rate cuts are losing their power.

Canberra's great superannuation rort
Robert Gottliebsen
Public service superannuation schemes are costing taxpayers billions, yet the lucky recipients of our largesse are often the very people attacking genuine savers.

Labor doth protest too much
Rob Burgess
Labor's reaction to Alan Jones will sound like bitter paranoia to the unconverted, on whom the next election rides. In the end it will strengthen Jones' image as a hero of the people.

Spain's bond auction masks austerity dodge
Stephen Koukoulas
European governments seem to be wavering in their commitment to cleaning up their debts. Spain looks likely to require further bailouts and the French and Italians are shying away from austerity plans.

Shattered dreams in the grey years of growth
Alan Kohler
Just as rising life expectancy boosts retirement costs, governments are slashing pensions and investment returns sit at historic lows. The resulting savings glut will leave global growth high and dry.

The debt we can't pay is growing
Rob Burgess
David Murray's clarion call on public debt shows the urgent need for honesty about tax and entitlements. And it presents a real conundrum for Canberra.

Rates pragmatism hits the sweet spot
Stephen Koukoulas
Now the Reserve Bank is moving to a more accommodative monetary policy stance, Australia's outlook to the end of 2013 is a near perfect economic scenario.

A Better Place For Evan Thornley?
James Kirby
The colourful entrepreneur has suddenly taken control at the world's most ambitious electric car company... and it's a very big bet.

Courting confusion: The Fortescue fallout
Cliona O'Dowd
The High Court's ruling into Fortescue's ‘binding agreements' will mean that investors may have to take company statements with a grain of salt in the future.

Can odd pastoral partners take on Landmark?
Robert Gottliebsen
Ruralco and Elders are proud companies with strong but contrasting cultures. They will have to compromise considerably if they are to merge and take on market leader Landmark.

Selling the family silver
Robert Gottliebsen
The Korean bidders for Arrium will be laughing all the way to the bank as Australia's short-sighted fund managers hand over our prized assets (and retirees' future incomes) for a pittance.

Romney rallies a flagging campaign
Alexander Liddington-Cox
The first US presidential debate shifted the momentum toward Mitt Romney after a mostly disappointing campaign. To win he must exploit Obama's oratorical timidity.

Will Canada become China's new Australia?
Christopher Mason
China has told Canada it can 'learn a thing' from Australia when it comes to trade relationships. How Ottawa responds to a Chinese acquisition will have big implications for global energy supplies.

ANZ's telling tech investment
Cliona O'Dowd
ANZ is uniquely opting for fewer branches but with better communications technology – such as video conferencing – to complement expanding online offerings. Indications are it's a smart strategy.

Sweden's secret free market success
Oliver Marc Hartwich
Sweden, like its Scandinavian brethren, is often assumed to be a big government nation. But that is in the distant past – it is economic liberalism that is serving the country so well now.

Age will weary the Chinese miracle
John Lee
Assumptions about China dominating an Asian Century ignore its rapidly aging population. It's an issue with huge ramifications for China's rebalancing and one the country is woefully unprepared for.

Is unlimited growth a thing of the past?
Martin Wolf, Financial Times
The trend of technological innovation that drives economic growth is narrowing in focus as it increases in intensity. So what does this mean for the global economy?

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