Time to stick my foot in it again
On Aussie business:
- All of the 1000 staff working for Blackmores have been promised a bonus of four-and-a-half weeks pay ... comes on top of a six-weeks bonus pay they received after the strong full-year results in August, 2015
- Shareholders have been rewarded with a near tripling of its interim dividend
- ... soaring profits, built largely on huge demand from China
- Blackmores chief Christine Holgate says there are no signs that the soaring sales to China are slowing, and the momentum is actually rising, having built steadily over the last nine quarters.
On Aussie house prices and the calls of doom:
- Dr Steve Keen (said) Aussie house prices would fall 40 per cent during the global financial crisis (they corrected 6 per cent)
LOL (last time I checked Keen is still calling doom and gloom)
- Jeremy Grantham, founder of the $100 billion fund manager, GMO, told us in late 2010 that Aussie housing was a "time bomb" that was overvalued by 42 per cent ... house prices climbed 2 per cent over the next three years
Oh dear ....
Christopher Joye has more at the Australian Financial Review
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Insert hate in comments :-D
