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I sm[i]rked out loud last night during the 7.30 report, when it was reported The Black and White Minstrels (I mean ministers) voiced it would be a good idea for the state govts to play a lead role in determining their migrant intake.....so they can assess infrastructure demand, strain, and...

The rich, informed, and thrifty will get richer, and wastrels, the uninformed and poor will get poorer. And Rudd wouldn't be Prime Minister. But I put the probability of >9% rates in the next 5 years at <5%. Maybe Swan and Rudd are starting to realize too, that just because a govt wants...

Will whip saw for a bit. But imho, its mainly credit wars between China and the US. Obama made clear yesterday US govt isn't pulling public credit significantly anytime soon. which will force China to ease their credit tightening sooner rather than later, which will support the markets and...