Data Science, Economics, Politics, Philosophy, Rugby. Veteran of two tours of duty in the posting wars. Inputs commands at the terminal to rearrange 1s and 0s.
Brisbane, Queensland
Joined February 2016
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Burying bottles with $20 notes in the desert would reduce UE and raise inf. Legalizing the drug trade or trade in organs would reduce UE and increase inf.
What you need to explain is why forcing economic activity through real estate is the best way to achieve these goals. – at Brisbane, Queensland
.@1RossGittins avoids the central question.
Further action (QE, negative rates, $A depreciation, etc) would reduce unemployment and raise inflation.
There is good research on this.
The RBA has not explained why the costs of action are more important than lowering unemployment.
I want to recognise the courage of @DrCameronMurray in the height of our societal hysteria going on QandA and telling everyone they were over reacting.
He was right, they were wrong. It was formative to watch "very serious people" with impressive titles fold to peer pressure.
How do the greens party believe Australia is a horrible, racist, colonialist, settler project on stolen land that shouldn't even exist. AND everyone from everywhere in the world should immediately come here to benefit from its atrociousness?
If they go too far they can undo it later. They've been outside their target for half a decade.
Do you really think if they disemploy thousands of the most marginally productive workers inflation will stay high because of oil prices?
What is it that the RBA knows that all other central banks don't when it comes to the current inflation problems?
All other CBs are happy to hold or at least take baby steps given the growth inhibiting effect of oil prices. Yet the RBA, with rates already at a 15 yr high, seems hell bent on hiking further
ICYMI
What a failure. We can't even power the industry where all the productivity gains are assumed to come from.
Electricity market rule changes could see data centres forced to power down to assist grid stability
reneweconomy.com.au/data-cen…
It's a real shame that the main acheivement of the forced transition to renewables has been to deeply complexify the system. Now distinctions between cost elements and time of day, weather variability, available subsidies, government schemes confuse everyone.
Andrew Paul retweeted
YOU'RE BORN. YOU SEE PANTS STYLES GO FROM BAGGY TO SKINNY BACK TO BAGGY EVERY 10 YEARS FOR THE REST OF YOUR LIFE. YOU DIE. THE END
Ironically where the cost and schedule of snowy 2.0 are going you could build a nuclear power plant faster, cheaper, with similar power output and it would continuously deliver that power for 90% of the year. Rather than for a few days.
Call it the green battery! 😄
And Snowy Hydro won't produce an electron of power. It's only purchasing the ability for us to shift power across short periods of time and space.
If only we’d built nuclear plants instead of Snowy Hydro 2.
Even in the worst case scenario where Bowen compares it to Hinkley C Nuclear Plant that will be an about a 3x cost increase, a lot better than a 12x blowout for a battery.
Hinkley C will produce 7% of the UK’s electricity from just 2 reactors for over 60 years.
At more realistic CSIRO prices you could have built 5 large nuclear reactors for the up to $50bn price tag of Snowy Hydro 2 (including transmission lines).
It’s worth reminding ourselves that the one reactor Australia did build recently, the OPAL research reactor, was basically on time and on budget.
Andrew Paul retweeted
If only we’d built nuclear plants instead of Snowy Hydro 2.
Even in the worst case scenario where Bowen compares it to Hinkley C Nuclear Plant that will be an about a 3x cost increase, a lot better than a 12x blowout for a battery.
Hinkley C will produce 7% of the UK’s electricity from just 2 reactors for over 60 years.
At more realistic CSIRO prices you could have built 5 large nuclear reactors for the up to $50bn price tag of Snowy Hydro 2 (including transmission lines).
It’s worth reminding ourselves that the one reactor Australia did build recently, the OPAL research reactor, was basically on time and on budget.
Some guy once said:
"The RBA don't target house prices."
"House prices have very little to do with interest rates."
Labour being one of the main costs in almost all products and services, if hundreds of millions are sacked, the cost of living is going to zero.
I don't think either of those things are going to happen.
A leading Aussie economist has put Canberra on notice about the economic storm that’s coming, and how they are not ready for it. Full story: bit.ly/4yG5Z0e
She apologised and made a change. If you incessantly complain about politicians you have to encourage that behaviour whether you like the politician or not. Simple.
Everyone wants productivity, until it arrives.
Deeper job cuts to come
afr.com/companies/financial-…
Andrew Paul retweeted
J’ai entendu dire que la France était finie, qu’il était trop tard pour la sauver.
Mais la France est toujours aussi belle, enviable même. Sa grandeur n’a pas disparu, elle ne demande qu’à renaître.
Nous avons surmonté en un an un problème cent fois plus grave, sans avoir les moyens dont dispose la France.
La France pourrait y arriver en une semaine.
Andrew Paul retweeted
Australia cannot afford to repeat the mistake of mass migration which is tearing apart Europe.
Countries like France, Germany, Belgium and the U.K. are all suffering because of mass migration.
Unless Australia stops importing people who reject our democracy, our way of life and the values of Western civilisation, these riots will eventually be coming to Australian cities.
Yes when the subsidies stop the system has to change. If you're interested in improving productivity, the system is going to have to change.
That is, if you're interested in improving productivity.
Not destroying the products of civilisation is reactionary and neoliberal. Think this through Marshall.
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It will never be normal to want to live in a country where the ideal is that two parents are off adding value for shareholders at superhyperglobalmeganet while literal foreign strangers raise their kids.
And so we complain that it costs too much, we need cheaper foreigners.
