Ritualised Forms

Homage to Contemporary Bullshido

Page 2 of 3

The Punterariat’s Economic Patience Runs Out

With the Brexit vote in June and the Donald Trump win in the U.S. Presidential election in November 2016 delivering an electoral riposte to a generation of increasing globalisation, Gunnamatta spoke with David Llewellyn- Smith and Leith Van Onselen about how the Australian economy is currently positioned, and of the implications for Australian economic policy and politics of any potential de-globalisation sentiment. Continue reading

Easy Economic Blowjob offered by Population Ponzi Junky

As the credulity of the Australian population gets ever more stretched on the subject of migration the beneficiaries of Australia’s migration on steroids approach to economic policy are starting to get the idea that it is being substantively questioned.

Jess Irvine has outed herself recently as a business journalist who didn’t get GDP growth. She now returns as a business journalist who can’t see the economy past a daily hit of extra bums on seats, and who has outed herself with this piece as someone who isn’t so much a business journalist but an intellectually shy spruiker for whatever lobby requires one. And one with some major comprehension issues at that. Continue reading

Australia, Australians, Australian politics & Immigration

Neither the current Liberal-National coalition nor the Australian Labor Party have shown any inclination to level with the Australian people about the economic predicament we find ourselves in – massive private debt, an economy which has been stripped back by government policy (both sides of politics) to doing nothing more than exporting dirt, or growing things on top of it, to earn national income.

That earning capacity is largely in the hands of international capital (of the kind marketing through Singapore or Panama to minimise taxes and maximise returns for shareholders somewhere other than Australia) when it is involved in digging things out of the ground. When it comes to growing things on the ground much of the growing is still done by local but the choke points through which it is exported or processed are largely controlled by foreign interests.

We have dealt ourselves out of the game of generating income through applying our brains – of being a price maker in any field whatsoever. We offer only overpriced services of interest only to those in Australia or those who want to be in Australia (for whatever reason) – and the world’s most expensive real estate, serviced by the world’s most indebted population, employed in the world’s most uncompetitive economy. It’s almost comic. Continue reading

Examination of Foreign Buyer Legal Status causes Cancer – Property Council of Australia

Government proposals requiring real estate agents to look at the passports of buyers in order to prove their identity and basis for buying Australian real estate have been likened to requiring yellow stars on their clothing by the Property Council of Australia, who have also warned about the health impact on ‘honest Australian property speculators’

‘University tests have shown conclusively that imposing buyer identification requirements increases the risk of tinea cruris, thrush and ringworm on potential families looking to purchase their first home in Australia’ said Andrew Mihno – Executive Director International Capital Markets  – of the PCA before adding ‘and it is common knowledge that requiring anyone in the real estate industry to look at who is buying houses is highly carcinogenic and related to higher incidences of testicular cancer, lung cancer, spleen tumours and polyp formations on the forehead of those required make enquiries.  This proposal entails risks which would need to be factored in, and would lead to higher transaction costs for vendors.’ Continue reading

Gitto, the Pavlovian economic oracle conditioned to ignore questions

Foreign investment, the economic stimulus we love to hate

http://www.smh.com.au/business/the-economy/foreign-investment-the-economic-stimulus-we-love-to-hate-20160826-gr1ryz.html

 

If foreign investment in Australian businesses is so unpopular with so many people and such a hot potato for Malcolm Turnbull and his government, why do we persist with it?

Short answer: because we prefer our material standard of living to go up, not down.

If foreign investment in Australian businesses is so unpopular with so many people and such a hot potato for Malcolm Turnbull and his government, why do we persist with it?

Short answer: because a generations worth of economic mantra has conditioned us to think that taking more foreign investment is the only way to raise our living standards (despite evidence that, for the majority of us, that probably isn’t the case unless we take on loads of debt). Continue reading

Retailers, Suppliers, and an Oligopoly payment schedule palsy in the press

Australia’s mainstream media specialises in precisely this type of piece which I often refer to as ‘good news pap’ and have written for a number of corporate clients in markets other than Australia.  The below is an interesting piece as although there is nothing particularly controversial (or an outright lie) in it, the entire tenor of the piece is incoherently presented to the reader in such a way as to give rise to a number of essentially false assumptions. Continue reading

Treasurer: ‘Truth is a Weapon of Mass Destruction’ for Australian banks

Headline could easily read

Treasurer: ‘Truth is a Weapon of Mass Destruction’ for Australian banks

But the AFR in its reportage of Scott Morrison’s comments came in with a more sedate

Scott Morrison says bank royal commission a ‘whinge’ that undermines confidence
http://www.afr.com/news/scott-morrison-says-bank-royal-commission-a-whinge-that-undermines-confidence-20160807-gqmsre

Treasurer Scott Morrison has accused Labor’s Bill Shorten of undermining confidence by continuing to call for a royal commission into the banking sector, saying it was a “populist whinge” that would “start a fire”.

Treasurer Scott Morrison has accused Australia’s banking system of being so feeble and averse to examination that the slightest thought of looking at what it does could bring the lot crashing down, and the ancient trick of screaming ‘fire’ to try and get everyone looking somewhere else. Continue reading

An Exorcism for Uncle Rupert’s Industrial Relations gargoyle

Normally I wouldn’t recommend anybody peruse the pages of the Rupertarian – because it simply isn’t good for you.  The below isn’t good for you either, but maybe by looking through the sort of ideological bilge served up by one of Uncle’s gargoyles you will get a clearer sense of why you should stay clear – it is unsubstantiated one-dimensional ranting from the loony toon right wing at its best.

 

So be careful, and feel free to turn away whenever the grotesqueness of it all gets too much.  Let’s take a look at something by Judith Sloan.  In this ripper of a piece she spews venom on the potential for Malcolm, who has won an election for her side of politics, to not see eye to eye with her thoughts on Australian Industrial Relations. Continue reading

The Wood, the Trees & the inflationary pressure conundrum at Fairfax

All eyes on inflation next week, but not everything is as it seems…

http://www.smh.com.au/business/the-economy/all-eyes-on-inflation-next-week-but-not-everything-is-as-it-seems-20160722-gqbg8o.html

July 23 2016 – 12:15AM

Jessica Irvine

Not everything is as it seems about Jess Irvine. She does reasonably regularly write quite informed and perceptive articles about a range of socio economic phenomena – notably housing.  She also, however, regularly gets put in the role (often, as here, in the guise of filling in for the more overtly parallel universalism of Gitto) when she simply does not put what one assumes is a decent mind into gear, and serves up a plate full of exhortation and schlock.  Continue reading

Bullshit urged as Foreign buyer property lobby fails to distinguish Australian from Chinese politics

 

Another day and another serve of property spruiking bilge – once again on Chinese buyers, this time on reputation damage if the China buyer phenomena is questioned much at all.

Caution urged as foreign property investment faces political change

Jul 9, 2016  Emily Power

Prestige reporter

http://www.domain.com.au/news/caution-urged-as-foreign-property-investment-faces-political-change-20160707-gq0aeu/

 

Real estate experts are cautious about the future of Australian foreign investment after the chaos of Brexit, the rise of Pauline Hanson and new tax hikes.

International property experts are cautiously watching the future of Australian foreign investment following the chaos of Brexit, the rise of Pauline Hanson and new tax hikes for overseas buyers.

Hanson and One Nation’s parliamentary allies could threaten international confidence in Aussie bricks and mortar and harm its reputation if their influence was to grow — under any Senate voting bloc with likeminded parties — real estate commentators believe.

Continue reading

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