Merry Christmas and a happy new year

Well that is it folks. Another year over and what a year it’s been.

Macro Business continues to grow in both traffic and influence and we intend to attempt the same again in 2013. The blog is going on holiday until the 7th of January but feel free to look back through the archives while we are away.

As ever, you the audience continue to be a major part of what Macro Business has become and in 2013 we hope to enhance the blog with some additional features to make the site even better for all of you.

In the meantime, from all of crew at Macro Associatesย a Merry Christmas and a Happy New Year to you and your family. We hope you have a great Christmas season and we look forward to bringing you even more of Australia’s leading finance, investment and economics blog in 2013.


  1. Have a great break guys & Merry Christmas to one and all, including the regular commmenters.

    Maybe too late now, but it would be great to get a new daily post if only to allow discussion & posting links to continue in an organised manner over the break period ๐Ÿ™‚

      • Well done to all at MB. Good quality articles all year as usual.

        May I suggest that you may wish to revisit the good “Professor Koulizos”, as a regular comedy feature?

        UE or H&H could continue to tear strips off him and have us rolling in the aisles with clinical dissections of comments like the following from the Nutty Professor:

        “Q. What are the suburbs for home buyers to watch in 2013?

        A. If one of your New Yearโ€™s resolutions is to buy a house to live in or an investment property, start looking at โ€œugly ducklingโ€ suburbs.

        An ugly duckling suburb is undervalued and is relatively cheap now but has the potential to turn into a real estate swan as it grows at a faster rate than the majority of other suburbs.

        It may be currently cheap due to the low level of housing quality in the area, high concentration of industry or they might be in the vicinity of undesirable features such as a quarry, sewerage works, etc. However, the suburb has the likelihood of increasing markedly in value due to gentrification of the area, and because public and private money is being spent in the suburb.”

        Perhaps there is an easy smack down of the ‘ugly duckling’ housing model there somewhere? ๐Ÿ™‚

        • And more easy pickings from the Nutty Prof; you see, good valued property is all about the following formula:

          (# Audis & pretentious cars X [well dressed people^2 / premium price of local retail goods]) – # lease signs in the main street.

          Somebody give the Prof a Field’s Medal!

          “How to pick an undervalued suburb:

          Some of the other signs to look for and questions to ask yourself include:

          People – Are there many new shops with lots of young children around and well-dressed parents pushing prams?

          Cars – Vehicles are a reflection of the people that live in the area. Are there lots of small black BMWs and Audis? This could be an indication of an upwardly mobile demographic with money to spend.

          Retail – The buildings might look cheap and run down but the shops within them are not selling cheap produce. Are the cafes, restaurants and clothes shops within these buildings selling goods at a premium price?

          Main street – When going down the main street, focus on the number of โ€œFor Leaseโ€ signs and empty shops. If there are not many โ€œFor Leaseโ€ signs, this is one sign that the local economy is doing well and people in the area have money and is willing to spend it.”

          • The Yuppification trend is set to reverse rapidly in the coming years. The Nutty Prof is the wrong man at the wrong time. ๐Ÿ˜•

          • Hear Hear!

            Yuppification or gentrification, is nothing but a curse on our society.

            Boo! Bring back grunge.

            “The Yuppification trend is set to reverse rapidly in the coming years.”

            I hope U R right! Hopefully it will change our materialistic crap culture.


            “Jean Twenge attributes the narcissism epidemic to four combined causes – the internet, easy credit, celebrity-soaked media and permissive parenting.”

            I would say easy credit trumps all the other causes.

  2. darklydrawlMEMBER

    Many thanks for another great year – and congrats on your growing influence and status. Great stuff. See you all next year.

  3. Merry Christmas, its hard to believe I have been reading you guys almost daily for 1.5 years. Enjoyed every second.


  4. Cheers to all and here’s to an ‘interesting’ 2013.

    ps AntiFragility (Taleb), just finished it – great read for the Christmas break

    pps I/O ending the year on a good note, Aussie shipments sold ranging 125-138/t. Hope that continues!

    • Astroturfing till the end eh Minebot?

      Lets hope Australia’s struggling trade-exposed sectors finally get some relief from the exchange rate in 2013.

        • Yeah,well just proves that by years end,a Master only needs use his Force to see you self bury yourself into the Dirt..again
          Well Done
          MacroBusiness Merry Xmas
          Till next ..

          • ..I found a diagram just to help a little 3d…

            ..and in another language it’s looking like the MB NUFCS stage is now steady for next years Auditions,n
            so the comments section thus has been extended to accommodate you’re such abundances,usually encountered this year,3d..and if I could get you to stand still,at that,I’d take-off your hat,skarf,coat and tab the skirt,n leave you Dressed in Red….n by then it should be something for You’re family too Enjoy…Cheers Bud Just Romance

          • dumb_non_economist


            What, the one piece stays on! What’s the reason for that?

            Please, I’m language challenged, can you give me a plain English translation?

          • Yeah Cheers DNE,I just put down the rattle gun,n after finally adjusting the New Ultimate Fight Club Stage,that’s just been installed @MB ,now with the Reds been rolled out,lights on still and in the black,I noticed your question..thought I’d brief it up,n say,withinreason to the above fun n…I’d just seen a couple of stars on the bridge of the USS Enterprise,then I got the wings on n over to FT,thought about Dr Who n caught up on some poetry,n remembered the Mining Special on in 2013n,at that still,I time traveled back to feeling the Force of study upon 3d1k and the probable Death star approaching,I considered his Family n remembered what captain Kirk would do…so I set him up for a close shave n perfume to distract n left the rest up to him..Like Magic 0
            Cheers wishing you a Happy Xmas and a Prosperous New Year
            Cheers JR

  5. yes Merry Christmas to the MB team and all those who post and their family.

    Thank you for your great blog ( even if it does not help my procrastination tendencies ๐Ÿ˜‰ )

  6. Thankyou and Merry Christmas to the guys at the best morning read available! Enjoy your break and well deserved rest.

    And also to the readers/commenters. I get just as much value from the discussions as the articles themselves – well done ladies and gentlemen ๐Ÿ™‚

    Cheers, SB

    PS Looks like we are going to get through the Mayan Apocalypse so I’ll see you all in the New Year.

  7. Have a safe and relaxing break!

    Fiscal cliffs are best negotiated with beer in hand and something burning on the BBQ.

  8. Many thanks to David, Leith, Chris, Greg, Cameron, and SON (David) for another year of providing what is in my view quite unquestionably Australia’s best and most insightful financial / economic blog and discussion forum.

    A peerless effort by all.

    • A big thanks to you as we’ll O, for bringing “usury” back into the modern lexicon. Trying to couple English lit from high school with finance and economics has done my head in. Cheers.

  9. Many thanks to the MB team and to the participants on this forum for an alternative perspective on the Australian economy.

    Happy holidays to all, bull or bear.

  10. Merry Xmas all….

    On a side note, I’m gathering together a few of the half-witted comments made over the past year by industry commentators. Seem to be a bit overrepresented by the real estate lobby/spruikers…Some absolute crackers in there.

    So far there have been a few appearances from Doc Wilson, Pete Wargent, Terry Ryder, Aussie John…etc etc…

    If anyone has more names to add to the list, I’d be most grateful.

    Especially like the ones where they call names ๐Ÿ™‚



    • Calling names? That would be CJ, against all and sundry.

      You’ve got a good list, but how about Prof K, and Angie Zigomanis? They always crack me up.

  11. Many thanks for your excellent articles and discussions all through 2012. By mid year it was obvious the blog is read right at the top. Some of the speeches delivered from Canberra and Sydney have felt like extensions of articles and conversations taking place at MB -and some excellent speeches there have been.
    Merry Christmas and a happy new year to MB bloggers, readers, commenters and every bull, bear, fox and fluffy sheep in Australia!

  12. Thank you to all at MB for a thoroughly informative, enlightening and entertaining year! Keep up the good work in 2013!

    Merry Christmas

  13. Thank you very much MB team!
    Merry Xmas & Happy new year to you all, plus all the commentators & readers!

    Can’t remember when I first discovered MB. Anyhow, it quickly became my Number One goto place on the intertube.

    Keep up the good works. See you all in 2013.

  14. Merry Christmas MB – enjoy the break, and I’m very much looking forward to catching up when you’re back ๐Ÿ™‚

  15. Merry Christmas all!

    A fantastic blog, wish I had more time to engage in discussion. Long may it continue!

    • damnation, I drank my best bottle of red last night, wasna leaving it for the kiddies to inherit !1

      Best Wishes to all MB posters and participants, may 2013 bring more influence to bear for the good of us all.

    • I was hoping I wouldn’t have to buy the Mrs a present, looks like it’s a last minute gift from the servo.

  16. Merry Yule season and raise a toast to the next 5,000 year cycle. Let truth and real democracy prosper and never forget to keep the bastards honest, because they are not!
    Thanks MB and uphold the free speech!

  17. Great work over the past year MB. Pity it will be so quiet here over the hols, I may be reluctantly forced to go visit the Australian Property Troll Forum to catch up my daily econonews!

  18. JamesTheBearMEMBER

    You’ve been my main source of financial news this past year, and as we say up in the frozen north – lang may yer lum reek.

  19. Merry Xmas everyone. Thanks to all who run MB and all who submit comments-most of you probably do so looking over your shoulders at work, trying not to get caught. (u can tell cos comments seem rushed-like mine.. but that is ok, dont want anyone to get the sack over Macrobusiness Addiction). I have managed to get others interested in this site, it is good quality-they say they only check it at lunchtimes I SWEAR!. I have to control myself sometimes as it eats into my productivity at work, so I can only read on weekends (if not working) or days off.

    On another unrelated matter, I understand a lot of the commentors here came from Steve Keen’s site. I used to visit it a lot and it was quite busy in 2008-10, but now I hear crickets. What happened? Is it the Daily Reckoning scaremongering + negativity that put people off? hardly anyone seemed to read their posts. It did put me off, it seems a lot of the commentors are now here.

  20. Long time lurker coming out of the shadows to wish everyone a Merry Xmas and a big thanks to the guys here for continuing to fight the good fight.

    See y’all in 2013. The year the tables turned.