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Monthly Archives: December 2013
Hockey’s challenge
107 days have already gone for the new Australian Government. It will be another 140+ before we see it’s first full budget. Nearly a quarter of their elected term will be gone! 18 months after that, they will be right … Continue reading
Posted in politics and leadership, tough times
Tagged Australian economy, delusion, Howard, Joe Hockey, Tony Abbott
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Fracking … benefits and risks
Dramatic improvements in technique for extracting oil and gas from deep sandstone and shale rock seams is credited by some with a major recent reversal of fortune for the oil and gas industry in the US. The more ambitious claims … Continue reading
Posted in risk, technology, why do people do what they do
Tagged advances in technology, energy, fracking, priorities, technology
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Holden succumbs
I’ve enjoyed owning and driving 5 different Holdens in my time. Good workmanlike, middle-of-the-road cars, all of them. It will be kind of a pity to see Australian made Holdens eventually disappear from the market. My current VW is great. … Continue reading
Bubbles anywhere?
Just about every relevant source I read is now writing about bubbles. Are we, or aren’t we, inflating bubbles? The Economist is typical: “TALK of bubbles is in the air again. The Dow Jones Industrial Average has hit an all-time … Continue reading
Posted in financial markets
Tagged bubbles, delusion, Federal Reserve, market value, US economy, Wall Street
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US jobs – spinning the data
There was quite some buoyancy in the commentary on the US economy last week. The US Bureau of Labor Statistics (BLS) released it’s monthly jobs data. Because the Federal Reserve has said it is more focused on employment than inflation, … Continue reading
Posted in employment
Tagged BLS, economic growth, employment, Federal Reserve, group think, jobs, US economy
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Australian entitlement is in for a great shock
David Llewellyn-Smith is on a roll. The ABC picked up his great article from Macro Business and put on The Drum at the weekend, summarised thus: “Australia’s business environment is unsustainable, and propping up dying companies like Qantas rather than … Continue reading
High house prices cause Qantas mess
Well now … high Australian house prices are clearly not the only cause of the mess at Qantas, but there is a clear causal connection. What on earth is it? Read on and I’ll show you. At the time of the … Continue reading
Australia’s mining boom … opportunity missed
That Australia has seen an epic boom in mining over the last 10 years is undisputed. Notwithstanding the uncertainties hanging around in the world economy, big export earnings from mining look set to continue. What have we got to show … Continue reading
Posted in debt, politics and leadership, why do people do what they do
Tagged delusion, group think, mining boom, Norway, priorities, resources, Singapore
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Nelson Mandela …
… an extraordinary life ends. No-one and nothing more important to ponder today …
Posted in politics and leadership
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Are the adults in charge yet?
Tony Abbott promised that the adults would take charge again in Canberra. But it’s hard to find anyone who thinks that’s happened. Yesterday the ABC published a piece from the usually even handed commentator David Llewellyn-Smith that sums things up … Continue reading
Posted in politics and leadership, tough times
Tagged delusion, house prices, priorities, Tony Abbott
2 Comments
something 2 ponder 