Links 11 January 2017

Macro Markets, Economics & Investing


Europe/Middle East


Terra Nullus


Chinese Trump Chicken – what a cock! (oops, sorry, can’t mock the Great Trumpster, only the disabled….)



  1. boomengineeringMEMBER

    Hey Mining what are you doing up at this time, shift work? I have a 12+ hr shutdown tomorrow so I can’t talk.
    Personally I don’t think Obamacare is very good anyhow.

    • Mining BoganMEMBER

      Nah, I’m unemployed now. Sometimes but I sit up and have too many reds.

      Occasionally sobriety can be quite the challenge.

  2. The Traveling Wilbur

    Russia considers banning sale of cigarettes to anyone born after 2015…

    Duh. So, in mother Russia is OK for 3 year olds to smoke? Try after 2002 and then raise the age limit by a year, every year. Simples. Really.

  3. LMAO aww that’s cute WaPo
    ‘It’s time to retire the tainted term ‘fake news’’

    ‘Turnbull government cabinet minister Darren Chester completed the purchase of an investment property on a taxpayer-funded trip to Melbourne in which he also attended the Australian Open tennis and a soccer match.’

    Meryl Streep – one of the top earners in the world, from the elitist hollywood and voice that gives, almost a 1%er elite in a way yet also an oppressed snowflake cupcake victim, that’s quite the feat. She’s so brave and heroic with her elitist victimhood.

  4. TailorTrashMEMBER

    One of the sessions when the elites get together at Davos this week ” Cultivating appropriate emotions in a time of nationalist populism.”……….wonder what are considered appropriate emotions for the great unwashed …………

    • Strewth!!!! However Davos could have a use in the end. Get all these globalist dictatorship promoting f..kers in one place and wipe it from the face of the earth. Just make sure Soros is attending!

  5. John Collett’s article:
    “… millennials worried about whether they will ever save enough to afford a comfortable retirement should be giving priority getting into the housing market.”
    “Property owners retire wealthier than renters.”

    More wins for triple fair value property prices!

    • Weird, it says iron ore prices rose because steel prices spiked. But it says the reason for the steel price spike was due to planned steel production cuts, which should be bad for iron ore. Topsy turvy world.

      • I agree it doesn’t make much sense. Note though that the main talk of cuts is in terms of capacity not production per se. When I first started reading about this I assumed they were the same thing but now I don’t think so. As China’s steel production has increased, it’s steel production capacity has increased even more – so their capacity utilisation ratio has actually fallen. See table 1 here. They have been talking about cutting excess capacity now for some time, but in fact it has been steadily rising.

    • Thanks Slim – really good. Years ago I had a conversation with a Korean anthropology professor who explained the different groups to me. Taiwan was a hot topic at the time and his opinion was that it wasn’t about Taiwan so much as a warning to the rest of the groups not to try pulling away from the central Government. I guess it is still why Taiwan is again a hot topic.

  6. “Wheat, sheep or Elvis Presley? Rural Australia has had to change its tune
    The Conversation By Professor John Connell and Professor Chris Gibson”

    Thanks for the cue.
    I am going to try to take time to write to this pair of clowns however generally I find this to be a waste of time. There is nobody so ignorant as people who absolutely and totally refuse to THINK. This pair look pretty typical. Now given that their topic was pretty shallow perhaps there is some excuse however how can two professors purporting to study human geography be so damned ignorant about the role of the macroeconomics and the false valuation of the A$ in the consistent and ongoing destruction of rural and regional Australia.
    A chronic Current Account Deficit and the accompanying false valuation of a currency is not only a national debt driver. It redistributes income and wealth within a society!!!!!!!!!!!!!!! In Aus case this redistribution has been going on, virtually continuously, for 60 years and has continually accelerated to the ridiculous extent that now exists.
    Still I suppose this is the sort of tripe that, in this country, now passes for serious macroeconomic discussion and the social issues, including extraordinary suicide rates, that result

  7. ceteris paribusMEMBER

    Alan Tudge, Human Services Minister, fresh back from holidays, out and about in media today, full of denials about the unfairness of clawback processes for the unemployed and of fraudulent intent of pollies re travel rorts.
    Please, Mr Tudge, save the denials for the Magistrate. At the risk of putting too fine a point on the matter, Tudge is a ratbag. Please also include Porter, Abbott and Morrison in the same category. When in the last 60 years has it become so mandatory to treat battlers with open contempt.