robert2013
It seems more people, some credible, are arguing that higher interest rates are stimulative right now, to a point. From bloomberg via yahoo: https://finance.yahoo.com/news/fed-rate-hikes-actually-sparking-120000966.html Didn’t coming say something like higher interest rates are inflationary? Can anyone remember exactly what coming said about this and where? I haven’t kept any links.
We are now being faced with the end of cash due to the possible bankruptcy of armaguard: The end of cash is the birth of compulsory banking. Jennifer Hewitt at the AFR noted that “Despite the decline in the regular use of cash, there is actually more cash lying around – just over $100 billion … Read more
MB channelling the ‘FKA again? https://www.macrobusiness.com.au/2024/03/australias-brave-new-world/ Very low numbers of comments compared to us. Looks like MB’s subscribers are either not much interested in talking to one another or are not large in number. I would not like to see MB die. This would be a great shame. Leftist attacks are going to get more … Read more
The last one was getting a bit long in the tooth. Here’s some AFR links and a few sentences of my own.
Many posts at MB about how iron ore is doomed recently. This one today says this is the start of the the long way down. https://www.macrobusiness.com.au/2024/03/iron-ore-goes-over-the-cliff/ According to Pete Wargent “There’s been little or no fanfare this time around, but we’ve seen a record surge in mineral exploration in 2023, to above $1bn per quarter.” … Read more
The femmos next target is school hours. https://thenightly.com.au/opinion/kate-emery-why-school-hours-are-sexist-and-killing-womens-ambition–c-13660771?fbclid=IwAR2M1IYRaozyHheK8Brg-j-JdEoNiT5xtN2hl3-sqXlElrhkWb2AL3hIIAM Many will agree that schools, or somebody, should raise the children while the parents go to work. After all, everyone needs to work harder to buy the dog box unit or 200m² block that earlier generations would have labelled third world. But the underlying assumption is never … Read more
So according to AFR: “Leinster, where BHP owns almost everything including the houses, faces wipe out if the mining giant shuts down its nickel business in the face of what it admits is a structural change triggered by a flood of supply from Chinese-backed nickel laterite producers in Indonesia.” https://www.afr.com/companies/mining/inside-the-pub-at-ground-zero-of-australia-s-nickel-woes-20240218-p5f5uf DLS reckons that Simandou is the Pilbara … Read more
https://www.afr.com/work-and-careers/management/five-tips-to-manage-your-gen-z-workers-20240213-p5f4ij The late middle aged female chief people officer of supermarkets operator Coles Group says that Gen Z want: Another highly competent female was quoted as saying: Let’s be clear, this is not about Gen Z in general. This is about a select group of graduate Gen Zs that big companies compete for. It’s not … Read more
In the AFR on 9th November, in a piece called “Australia records biggest income decline in the developed world”, Deloitte Access Economics lead partner Pradeep Philip said “Australia’s 2.2 per cent population growth rate explained about one-third of the decline in per capita incomes. He added “the solution is actually to grow the economy to … Read more
If this isn’t a description of the EZFKA I don’t know what is. “So far as I can tell, Albo hasn’t just lost control of Australian borders; he doesn’t think ‘Australia’ exists as an entity at all.” https://www.macrobusiness.com.au/2023/11/radical-albo-loses-control-of-borders/ Congratulations David. Welcome aboard. You can post here any time.
The RBA is widely tipped to raise rates. MB points out, “Nearly half of all price rises are the fault of Albanese Government ineptitude.” ie. rents and utilities. https://www.macrobusiness.com.au/2023/10/alboflation-runs-riot/ The falling AUD can’t be helping either. A feedback loop may be developing where interest rates follow rising house prices, which are fed by immigration. Immigration … Read more
DLS writes today: “One of Australia’s biggest economic paradoxes is that while we have a record number of university graduates, productivity growth stinks and there are never-ending “skills shortages” https://www.macrobusiness.com.au/2023/09/labor-wants-a-nation-of-toilet-paper-degrees/ I said it first. Here. I think. Apolgies for the recycled image. It was in the library begging to be seen again.
