Friday, 27 November 2020

Where all Aussie Talking Heads go to Die.


Australian housing is the subject confounding all and sundry would-be economic prophets, particularly those presenting themselves as mavericks. And after the GFC the population of econo-mavericks exploded.

The prototype of that creature would be Steve Keen, the wannabe-Copernicus cum Chicken Little old bloke whose repeated and repeatedly failed prophecies of housing market doom inspired countless jokes.

There are other, however, less known examples. Say, the Unconventional Economist (aka Leith van Onselen) and the Macrobusiness crew.

Saturday, 21 November 2020

Follow the Experts’ Advice, David Lipson.

What is it we’ve been told endlessly before reporting sensational news? Why, that we need to make sure we get the facts straight, before reporting them.

David Lipson and a team of ABC journos have been reporting from the US. So far, I’m satisfied – as I’m sure the wider Australian public is – they’ve done a good job, under difficult circumstances. ABC journos have a well-earned reputation for that.

Having said that, Lipson’s latest op-ed/analysis (“Donald Trump’s Current Strategy isn’t About Winning in Court. It’s about Disrupting the Process in the Hope of Winning the US Election by Default”, November 20) contained this bit:

(source)

Monday, 16 November 2020

First as Tragedy, Then as Farce?

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November 2008, Barack H. Obama II was elected POTUS, amidst enormous popular good will. The first black American elected to that office, Obama inherited the top job as the United States was experiencing the first stages of the Great Recession (or Second Great Depression, depending on your perspective).