Do the Banks Need a Great Big New Tax?
The Australian Bankers Association say the total asset base of the big four banks required to earn these profits is $1,170 billion and the return on these assets is less than 1 percent.
Day: 24 February 2011
Optus out to stop NBN scope creep
The National Broadband Network Company’s attempt to backhaul all traffic to interconnect in seven state capitals was a huge example of scope creep. It took the firm well beyond the realm of offering last-mile access. Do we need to look out for more?
THE TWITTERATI
Banking fears have fallen away and the focus is back on central banks. NAB’s Ray Attrill is asked how far will they go now and why is the market at odds with them? https://podfollow.com/nab-morning-call
How does the world change if transactions in the US dollar shrink as BRICs nations prefer to trade in their own currency. And can the west grow without investment from those countries? @profstevekeen on this week’s Debunking Economics podcast: https://podfollow.com/debunking-economics-the-podcast