EDITORS' PICKS

In this week's essential reading guide, Kohler heeds a bear market warning, Gottliebsen spies holes in America's recovery story, Bartholomeusz unearths more of the RSPT's hidden disadvantages, and Maley asks industry super funds to 'please explain'.

An urgent 'sell' warning
Alan Kohler
Get out of stocks now! That's the startling call from one of the world's greatest market watchers, Richard Russell, who sees the early signs of the biggest bear markets in decades.

Resource rent porky pies
Robert Gottliebsen
The government has made the extraordinary claim that BHP and Rio Tinto chiefs are either lying or ignorant on the facts of the RSPT. Meanwhile, the government itself is playing fast and loose with the truth.

Two American dreams shatter
Robert Gottliebsen
Just as the Dow is dipping below the crucial 10,000 mark, Morgan Stanley has revealed that one in seven US home mortgages is in trouble. Together these are major setbacks for market confidence.

Rudd's resource catch-22
Stephen Bartholomeusz
As Fortescue Metals chairman Herb Elliott weighs into the RSPT debate, more hidden disadvantages of the Rudd Government's proposed tax are revealed.

Australian steel in jeopardy
Stephen Bartholomeusz
OneSteel has a major problem with the proposed RSPT – it directly threatens the company's profitability, not to mention the viability of its Whyalla operations.

Strange super bedfellows
Karen Maley
Industry funds have some explaining to do to their members about where their loyalties lie after agreeing to fund an advertising campaign that attacks the country's big mining groups.

Wayne's world comes unstuck
Karen Maley
When Treasurer Wayne Swan signed off on the federal budget, growth forecasts and market movements were relatively heartening. This optimism was misplaced, say leading analysts.

The economic curse of populism
Oliver Marc Hartwich
Angela Merkel has gained short-term political victory at the cost of long-term economic damage – an exercise in the worst kind of cynical populism.

Putting a price on Palmer
James Thomson
BRW's latest Rich List says Clive Palmer's fortune has grown by $500 million, but rating the mining magnate's wealth is a risky business, especially in light of the RSPT.

The RSPT is a dead tax walking
Christopher Joye
While the economic logic underpinning the Rudd government's resource rent tax is sound, the government's implementations strategy is deeply flawed.

Why a fifth of our income is vanishing
Steve Keen
On the way up, rising debt levels increase aggregate demand. However, as Australians deleverage, the drop in demand makes recession inevitable