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
Q&A are doing a housing special episode ti make it look like the government gives a fuck, they even invited Cameron Murray on the show and he’s probably mostly going to talk about his stupid new idea called HouseMate which is just another milquetoast dodge to avoid talking about cutting immigration. Here’s the gist of … Read more
Liz Allen has yet again departed from her weekly grocery trip leaving the supermarket aisles at the Canberra Civic Coles/Woolworths (she visited both) completely empty, at least in the chips/snacks/lollies and soft drinks aisles. When confronted on what the solution should be so that there could be more food available following these events Allen responded … Read more
O’Neil/Giles for prison 2024
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
