Making a small fortune

into a smaller one....

 The Shanghai stock market has turned into a shock market.The bears are running amok.Real Estate gurus are hinting that this will have a flow on effect on the Sydney property market. Why? God knows. More than likely it's the Chinese Mr and Mrs Cheungs who have taken a mega hit; the tabloids identify them as the Mum and Dad investors. These have been gambling like billy-oh , shovelling housekeeping yuan into brokers' pockets like there's no tomorrow. 
The big investors, the multi rich ,some of  whom make Murdoch look like a pauper, will have been  cleaning up. It's called shorting.
There are a few universal truths that prevail in global stock exchanges. Firstly only invest what you can afford to lose, secondly do your homework and last but not least, don't panic.
Simples. Innit?

Riding wildly in all directions at the same time....

All together now

The controversy of the  Australian knighthood awarded to HRH Prince Philip continues to appear in the press.

"My leadership style's a bit different but we'll get there.." 

 Lots of spin from the PM's senior colleagues. changing the subject by those who don't have an opinion and mutinous rumblings from backbenchers.

If one displeased the ancient Moguls it was a question of "Off with his head"  and your head would be an integral  part of a jolly game of polo amidst a blur of whinnying horses and clouds of dust in the middle of the Steppes. Today's Moguls are a little less bloodthirsty but nevertheless, the physically wilting Murdoch (it's the story of Dorian Gray come to life, Rupert looks like he has to screw his hat on ) has called for Peta Credlin's head (Abbott's top aide)  to be delivered on a salver.The press and others are having a field day and the saga continues despite apologies and "Mea culpa" acknowledgements . 

The PM's leadership style seems to be one of looking back to the future.But as with everything , there's only so much one can make out of the episode...this,too shall pass.