I love the smell of burning McCrann in the morning

Please. Enough already. Can we stop the utterly unhinged hysteria over supposedly catastrophically plunging property prices?

Can we also stop with the associated hysteria over the Reserve Bank’s interest rate increases – so far, from all-but free money to only slightly less than all-but free money for borrowers?

And still a negative real interest rate for home loan borrowers. The co-hysterics-in-chief – among many – seem to be the Financial Review’s occasional columnist Christopher Joye and the boys at the macrobusiness website.

Their – I was going to write ‘comments’ but really the only accurate word is – ravings are drenched with words such as “free-fall”, “horrifying”, “smashes”. Their use of words like “collapse” and “plunge” seem also mild in comparison.

What is completely lost in their unhinged rantings is any sense of context or even basic arithmetic. The sheer blinding stupidity is rather neatly and of course utterly unknowingly captured by macrobusiness, which is simultaneously – again the only word is – raving about the punishing “housing affordability” for first home buyers.

Gee, I wonder if there’s a connection. Maybe houses are “unaffordable” because they are – what’s that word? = expensive?

It’s marvelous to find the RBA’s sock puppet popping up on the lunatic fringe and we salute him.

Let’s just wait and see who turns out to be right on the RBA tightening cycle as the Australian economy is obliterated in the months ahead. It makes no sense to us to destroy the economy to make room for a war-profiteering foreign energy cartel beholden to Australia’s number one enemy when wages are self-evidently weak and preventing any inflation spiral. But we could be wrong. It happens occasionally.

Therefore, I ask you again, Tez, if you are so exercised by rising inflation, why not address the east coast gas cartel and its incredible role in destroying Aussie living standards? The story is as toxic as it is untold:

• the gas cartel lied about its reserves when it built its plants;
• its stolen the third-party gas to cover the shortfall;
• 71% of the gas is going to the enemy in China;
• the subsequent electricity price shock will add 2.5% to the CPI over the next year and nearly double that over two.

The story can be covered without having to move away from climate change skepticism. Indeed, it is an example of how decarbonisation has been gamed to the point of economic suicide.

You can even interview me if you like. I’ll pour scorn on the evil bastards and give you great material to work with.

Call me!