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We’ve Habituated to a Rigged, Fraudulent Market

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance …

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Mike Baird to join NAB

Former NSW Premier Mike Baird. FORMER NSW premier Mike Baird will resume his former career as a banker with National Australia Bank. NAB on Tuesday said Mr Baird, who quit politics in January saying he was retiring from politics to spend more time with his family, will join as chief …

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Mike Baird snares lucrative job

Video Image Outgoing NSW Premier, Mike Baird, reveals biggest regret in office to Fitzy amp; Wippa on Nova 969FM. Courtesy: NovaFM/Fitzy amp; Wippa Premier Gladys Berejiklian in Manly with former Premier Mike Baird. THE man dubbed Casino Mike has apparently hit paydirt. Just five weeks after tearfully resigning as New …

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More sneaky cuts for savers

Banks don’t want your money. NAB, AMP and Citi have become the latest big banks to quietly reduce the amount of interest paid to savers already struggling with record low interest rates. The interest rate for NAB’s Reward Saver account has been cut from 2.7 per cent to 2.55 per …

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Why Baird took $1 million bank job

Video Image Mike Baird is joining NAB as chief customer officer for the bank’s corporate and institutional banking unit. Former Premier Mike Baird. “I DON’T get a pension.” That was how Mike Baird yesterday explained why, just one month after quitting as NSW premier for “family reasons”, he has taken …

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NAB boss reveals senior execs sacked

Video Image The major banks are under scrutiny as they face questions into questionable banking practices in Canberra. National Australia Bank CEO Andrew Thorburn appearing at the House of Representatives Standing Committee on Economics, Review of the four major banks. Picture: Kym Smith TWO senior managers at the National Australia …

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‘Are you living in the real world?’

NAB chief executive Andrew Thorburn appearing at the House of Representatives Standing Committee at Parliament House in Canberra. Picture: Kym Smith THE head of NAB has been accused of dodging a question during a grilling by a parliamentary committee amid concerns of poor conduct by the bank’s financial planning arm. …

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