Macrobusiness does the Humpty Dumpty on inflation. Poorly.

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A good dozen years ago, my mate Mish wrote “Humpty Dumpty On Inflation“, where he lamented the slipperiness of definitions and the use of slippery definitions, by slippery types, to deny inflation or deflation, or any-other-flation: ‘When I use a word,’ Humpty Dumpty said, in a rather scornful tone,’ it means just what I choose … Read more

Macrobusiness true to form, 100% wrong on Bitcoin. Doubles down.

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Well looks like Macrobusiness has done it again, being 100% wrong on a hysterically dramatic, deliriously hubristic call. In an unusual turn of events, this one took a whole 24 months to be proved 100% wrong, rather than the traditional 18 months. In compensation, however, the call has proven not merely 100% wrong, but more like 256% wrong!

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Macrobusiness merrily lands into same hole it has been falling into For decade… Accuses others of not learning

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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…

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Melbourne has likely seen the lows of virus infections

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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.

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