Peachy
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…
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.
Today Macrobusiness reprised its housing oversupply fantasy, repeating exactly the same arguments, but adding a few new charts.
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:
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:
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.
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:
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.
At MB today, apparently:
But hey, it’s not much of a “debate” if all you do is constantly cry out for lower rates
