Miscellaneous

It’s a funny thing that’s happened to Labor economic policy and narrative since the return of Rudd.

Crikey.

As MB keeps patiently reminding the nation’s elite, there’ll be no dwelling construction recovery of substance until land prices fall.

It seems Glenn Stevens is not the only Australian economist with a sense of humour.

By Leith van Onselen Business Spectator’s Robert Gottliebsen (“Gotti”) has today posted some curious analysis attempting to explain why Tony Abbott is on the nose with voters: Tony Abbott is the best Opposition leader Australia has ever seen but he has been too successful.

Cross-posted from Mark the Ballot.

Now I’ve seen it all. I’m no soft touch when it comes to walking. In fact, on one occasion I didn’t walk and triggered an all-in brawl (no kidding!).

S&P has released a global capex report that shows the next few years are unlikely to be as kind as the last few as the commodities super-cycle passes.

It was going exactly as predicted.

I don’t know who Stephen Fay is but he’s covering the Ashes for BS and today takes a shot at the likes of me: This was a great day for spectators and a rotten day for forecasters.

Cross-posted from Mark the Ballot. Three polls came out in the past 24 hours: Newspoll is at 50-50 Morgan has Labor well in front at 52.5 to 47.5 (using the preferences flows from the last election) Essential has the Coalition well in front on 48-52 Graphically, this looks like.

Cross-posted from Kate Mackenzie at FTAlphaville.

Following my post yesterday on the dark portents for the forthcoming Ashes series, The Economist has published a series of charts mocking Australia’s obvious sporting decline versus the old enemy.

The Australian has revealed an interesting recording today in which Clive Palmer blasts his Chinese colleagues: CLIVE Palmer has been recorded lashing out in angry, expletive-laden tirades of abuse against executives of one of China’s largest companies, which is spending more than $7 billion in Australia.

The First Test starts this Wednesday in Trent Bridge and a comet has passed over the Bradman Museum in Bowral.

So, any schism between the rhetoric of Prime Minister Kevin Rudd and his Treasurer Chris Bowen has been addressed and bridged.

Quite clever this.

Laura Tingle of the AFR and Malcolm Maiden of The Age today take up the question I posed yesterday about the positions of Treasurer Chris Bowen and Prime Minster Rudd (as usual, without any acknowledgement or link).

Late yesterday the new treasurer, Chris Bowen, held his first pres conference in which launched a new government narrative following the RBA rate decision.

Cross-posted from Mark the Ballot. If you have been following my blog, you will know I have been exploring a before-and-after Bayesian model that allows me to quantify the size of the discontinuity in voting intention between the reigns of Julia Gillard and Kevin Rudd. I have called this the Rudd Resurrection Effect (RRE).

Find below the outline of the new Rudd ministry.

From The Australian: According to the latest Newspoll survey, conducted exclusively for The Australian at the weekend, the ALP primary vote jumped six percentage points from 29 to 35 per cent after Mr Rudd was made Prime Minister.