Glossary

Boganomics The strange nexus between anti-comptitive corporations and gullible but patriotic battlers.

Bubbleblind A condition where the subject is of sound mind, and with functioning senses, but suffers from a complete inability to make out bubbles in his or her environment.

Bullhawk A half housing bull, half interest rate hawk. Examples include Christopher Joye, Adam Carr and Paul Bloxham

Business Hysteria Pet name for Business Spectator when it gets righteous in defence of vested interests

Cashtration The act of buying a house, which renders the subject financially impotent for an indefinite period of time.

Disleveraging The idea that falling credit growth can be sustained forever without ever tipping into outright debt-deflation.

Flog The collective noun for a group of mainstream economists.

Futureboom! The concept of an ever expanding future mining boom that gets bigger the worse immediate data becomes.

Gittins! The Fairfax commentator with whom I (House and Holes) have most in common yet cannot abide owing to an appalling generational gulf.

Intaxicaton Euphoria at getting a tax refund, which lasts until you realise it was your money to start with.

Invisopower! The myterious fog that surrounds the details of Australian banks’ offshore borrowing. A cloak deployed by regulators.

Macrobated The fascinating shift from in the MSM towards views expressed first at MacroBusiness.

Numberwang  The use of statistics to prove guaranteed rises in house prices by the property industry – created by Chris Vedelago.

Politico-housing complex The great public/private partnership of the Australian housing quango that has virtually nothing in common with either capitalism or a “market”.