It seems to be the lot in life of Generation X and Y to parent their self-centered Baby Boomer elders. Callam Pickering does a nice job of that today in addressing the hysterics of Terry McCrann yesterday:
McCrann noted today that I wrote an article named (How the RBA got it wrong on rates, June 16) after writing an article last month called (Why the RBA is right on rates, May 20). At first glance there is an obvious incongruity, but that evaporates the moment you remember that journalists rarely write their own headlines.
…If you delve deeper into those two articles — or indeed many of my other articles — it should become clear that my opinion has changed very little over the past month.
I’ve had a fairly pessimistic outlook for the Australian economy for some time now, prompted by the imminent collapse in mining investment and pushed slightly lower again as it became clear that household spending was slowing more quickly than commonly expected.
It’s true, he has. And reading the rather obvious souring economic tea leaves of the past month means his getting more bearish was entirely appropriate anyway.
Back to anti-climate change hysteria, Terry.
