CIPL in the Media
Articles published in 2009
Superannuation changes to the way that minimum pensions are calculated
David French | 24/03/2009 11:11:17 AM
This article was published in Capricorn Investment Partners Limited First Quarter Newsletter 2009
On the 18th of February 2009, the government announced the suspension of the minimum account-based pension draw down requirements.
Ruddbank
David French | 24/03/2009 11:00:14 AM
This article was published in Capricorn Investment Partners Limited's March 2009 Newsletter
The government brings out the chequebook as growth slows. This response may very well be described as the single largest fiscal policy stimulus in Australian history.
New website makes a splash
David French | 24/03/2009 11:24:58 AM
This article was published in Capricorn Investment Partners Limited's First Quarter Newsletter 2009
Regular users of CIPL's online portfolio reporting system will have noticed some significant changes to CIPL’s website
How banks work
David French | 2/03/2009 12:33:08 PM
This article was originally published in The Morning Bulletin as "Dogma debates show the better times returning" on 7th February 2009.
How does a bank work? Say a bank attracts a $1.00 deposit. It might keep $0.10 in reserve and lend out the other $0.90. That $0.90 goes round in the economy and is eventually re-deposited in the banking system. Of that $0.90 the banks keep $0.09 in reserve, and lend out $0.81. If nothing adverse happens, this goes on and on until there is no more to lend.