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Peachy

Macrobusiness stumbles upon awful effects of its prescription, mistakes them for ‘paradox of thrift’

October 12, 2020 by Peachy

Over at Macrobusiness today, the boys discover that

Data released this month suggests Australian households are deleveraging at a furious pace.

https://www.macrobusiness.com.au/2020/10/the-great-aussie-household-deleveraging/

and incorrectly conclude that households are caught in a paradox of thrift:

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18 months on, Macrobusiness loses a little naïveté, grumpily accepts the housing boom

October 11, 2020 by Peachy

After another 18 monthstm of denial, today the blokes at Macrobusiness seem to have understood what happens to EZFKA housing prices when interest rates are dropped and people, like, still need somewhere to live:

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Tudge swings open EZFKA gate. Uses opportunity to pork up dodgy “colleges”

October 8, 2020 by Peachy

The SMH is reporting that

The federal government is promising it will not block foreigners who don’t speak English from obtaining visas to marry their partners following a backlash to an English language test announced in Tuesday’s budget.

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MacroBusiness confuses stocks with flows, declares property demand problem as it cruises around all time highs.

October 8, 2020October 8, 2020 by Peachy

At MB today, apparently 

The data speaks for itself…. Absolutely the Australian property market is facing an acute demand problem.

Aussie property faces a demand problem

There are some scary charts, too, with steeply declining lines:

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Logistics specialist does runner after crashing truck

October 8, 2020 by Peachy

Owing to the terrible skill shortage amongst legacy EZFKA residents (and their refusal to accept illegal conditions), multiple logistics specialists have had to be imported to drive trucks.

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In the EZFKA a serious issue is the suffering concrete box sellers

October 8, 2020October 8, 2020 by Peachy

So says The Age:

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Macrobusiness bemoans lack of economic debate. Joins in chorus for more EZFKA rate cuts and gas imports

October 8, 2020October 7, 2020 by Peachy

At MB today, apparently:

Australia has lost the capacity to debate economics

But hey, it’s not much of a “debate” if all you do is constantly cry out for lower rates

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