Your chances of success in life depend on your intelligence, your family background and your temperament, don’t they? Yes, to some extent. But over the last few days I have read about research findings which suggest that beyond a threshold IQ doesn’t make much difference, the important aspects of family background are only superficially . . . → Read More: What determines whether we have successful lives?
Click on the above picture to see it more clearly. If you haven’t been watching the action: The application of existing circuit breaker rules meant that the market opened, went limit up, opened again, went limit up, and closed for the day.
What can be traded
The action on the currency, and . . . → Read More: 18 May 2009 is the reverse of 17 May 2004
Went to the post Budget Westpac breakfast talk by their Chief Economist yesterday. Short summary: worst environment in 70 years; recovery will be patchy and slow (maybe 3 years); but much more is being done this time compared to 1930s; we will get out of it and then business as usual; Australia better placed . . . → Read More: Westpac Breakfast