robert2013 Democracy only works because the losers are prepared to accept the rule of the winners on the basis that they are the same people, representing the same goals, albeit with a different view on how they can best be reached. There are more and more people in Australia (eg most contributors here) and other democracies … Read more
Way back in 2008 the power of good government was used to rescue the finance industry by effectively buying all their bad debt. Government paper was printed by the trillions and by some miracle it never resulted in inflation, because it never got to the man on the street, only to asset prices. Then came … Read more
I think DLS could well be right about AUD hitting COVID lows, but how to position and what to expect? Right now with QT (or at least no QE) there is a global dollar shortage. With rising rates as well, returns on USD look better than many other assets. Shorting AUD for USD will currently … Read more
Narrative has been weaponised for a very long time by skilled operators. The growth of mass media in the 20th century greatly facilitated it, the dangers well observed many decades ago by Orwell, Huxley and others. It’s growth was necessary because of dissolution of communities through people moving away to cities. There were no grape … Read more
Daily case number chart from the WA COVID dashboard: https://experience.arcgis.com/experience/359bca83a1264e3fb8d3b6f0a028d768 Experiencing this chart made me convinced that masks do make a difference….but if that’s the case why was it only a spike and not a sustained increase in daily case numbers? Comments?
The narrative seems to be that markets are now betting on the Fed doing a U turn. I’ll wait till the next inflation figures and interest rate announcements before throwing money around. Other things I thought interesting the last couple of days: Apparently ANZ has developed an AUD stablecoin. Seems pretty pointless given that you … Read more
I’ve been accumulating these for a while to share…some might be a little dated, but some good reading to be had. Overall deaths in Australia – where nearly everyone is vaccinated – are spiking. Fertilizer Australia > Fertilizer Industry > Australian Fertilizer Market From Court-Packing To Leaking To Doxxing: White House Yields To National Rage … Read more
I came across this 10 minute summary of Harbert Marcuse, a popular marxist intellectual (is that an oxymoron?) in the 1950s and 60s. He sold lots of books and held several academic positions. His proteges continue their activism to this day.
The narratives I’ve heard about the shortages say they are driven by: Lockdowns (now only in China) People taking time off sick post lockdown, exaggerated by isolation requirements Some people banned from working due to vaccine mandates Limited immigration (not enough low paid workers to get low skills but essential jobs done) Spending during the … Read more
The non-nation New Data Shows The Mass Exodus Of People From Australia Continues Dear RBA, DO NOT HIKE INTEREST RATES – MacroBusiness Mark McGowan is impinging on human rights: human rights commission Solomon Islands-China deal: Australia won’t send defence, police personnel to work alongside Chinese forces Showdown on the Corral Sea, with Australia adrift in … Read more
I have long considered that the jurisprudence that dominated before the 1950s (or so) was correct: it is not the job of courts to apply the law vastly differently to how it was intended when it written. If society moves on then society needs to change the law, not expect the courts to deal with … Read more
Mark Latham commented on NSW maths results on Sky News arguing that the introduction of wokeness into the curriculum and the lack of specialised teachers lay behind the accellerating declines in performance https://www.facebook.com/MarkLathamsOutsiders/posts/7343436572364285 Many people will disagree reflexively with Mr Latham perhaps because he’s appearing on Sky News and represents One Nation, but there is … Read more