In today’s Daily Reckoning Australia, Margaret Thatcher once said that ‘the trouble with Socialism is that eventually you run out of other people’s money’. How wrong she was. Money isn’t something that socialists ever run short of — they can always print more. It’s real stuff they lack. And that’s what we’re rediscovering right now…
ASX opens modestly higher on Thursday. Cettire, Webjet, MinRes all feature. Sam Bankman-Fried gives very candid interview.
Today, agricultural logistics and processing company GrainCorp [ASX:GNC] released its results for FY22, claiming a ‘record’ year for business.
While the Democrats’ idea that Republicans are uniquely a menace to democracy is absurd, so is the Republicans’ idea that Biden is uniquely to blame for inflation. We remind readers that Donald Trump increased federal spending three-times faster than Barack Obama and 10-times faster than Bill Clinton.
Travel stock Flight Centre [ASX:FLT] is seeing business conditions improve but remains cautious about FY23, arguing it is ‘too early to provide full year guidance’, citing uncertainty about the industry’s recovery trajectory.
We sat in the waiting room as our truck was being serviced, listening to the conversation around us. And with the midterm elections winding up in the usual mix of comedy and disgrace, ‘The People’ try to make sense of it.
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