Australia Day links

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  1. Adam Carr one of those inflation obsessed banking economist who wouldn’t know “full capacity” if he fell over it.

    >”The question is, why is inflation lower for the third quarter in a row? What’s driving it? Are inflationary pressures truly moderating? The persistent, underlying pressures?”

    I will translate it for you.

    “I don’t know what I am doing. Why does my model not fit reality? I can’t possibly be wrong, it must be the data”

    Funniest thing I have read for a while.

    Happy Austrlia Day David and Co. You are doing a great job. Australia Day medals for all of you !!

    Jim Walker