In an increasingly shrill promotion of its “glut cult” today Macrobusiness has suggested that any EZFKA resident who doesn’t already own a residence (ie looser) should be quite content to make themselves cosy in a projected dwelling completion:
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Macrobusiness merrily lands into same hole it has been falling into For decade… Accuses others of not learning
Today at Macrobusiness the boys moan:
It’s the same every time we face this question. The same tired people. The same reactionary arguments. The same lack of imagination. All have resisted rate cuts for years, been wrong the entire time about it, yet they never let up nor learn.
https://www.macrobusiness.com.au/2020/10/mother-of-god-our-monetary-economists-are-hopeless/
ironically, they almost immediately get to repeating their own tired dogma, which has been constantly wrong FOR A DECADE…
Melbourne has likely seen the lows of virus infections
So apparently Victorian schools have gone back to in-classroom learning this week. It should therefore be expected that virus diagnoses will bounce and them Mexicans will never get to their target of 5 or fewer per day.
Laughs on those fearful types who advocated the months and months of house arrest for all residents for a goal that can only be hit by sheer luck.
Macrobusiness misunderstands EZFKA, doubles down on housing oversupply fantasy, gets ready to be monstrously embarrassed
Today Macrobusiness reprised its housing oversupply fantasy, repeating exactly the same arguments, but adding a few new charts.
Macrobusiness stumbles upon awful effects of its prescription, mistakes them for ‘paradox of thrift’
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:
18 months on, Macrobusiness loses a little naïveté, grumpily accepts the housing boom
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:
Tudge swings open EZFKA gate. Uses opportunity to pork up dodgy “colleges”
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.
MacroBusiness confuses stocks with flows, declares property demand problem as it cruises around all time highs.
At MB today, apparently
The data speaks for itself…. Absolutely the Australian property market is facing an acute demand problem.
There are some scary charts, too, with steeply declining lines:
Logistics specialist does runner after crashing truck
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.
Macrobusiness bemoans lack of economic debate. Joins in chorus for more EZFKA rate cuts and gas imports
At MB today, apparently:
But hey, it’s not much of a “debate” if all you do is constantly cry out for lower rates