I first went to MB when Alan Kohler’s site (forgot its name) became the paid for “Eureka report”. Then MB went paid, and I was happy to pay at first. Then most zerohedge’s good stuff became paid as “the market ear”. Bloomberg went paid. The ABC went so far left that I can’t even read … Read more
While Australian media tend to portray oil, gas and coal as dinosaur industries destined to go bankrupt, other, more savvy commentators point out that they are more likely to become highly profitable with increased margin, just like tobacco companies since the 1990s. https://www.wsj.com/articles/for-big-oils-future-look-to-big-tobaccos-past-11643298756 https://www.barrons.com/articles/what-oil-companies-can-learn-from-big-tobacco-51577791801 But investors in Woodside seem determined to cripple it by forcing … Read more
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
