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-   -   War in Australia (any Oz Politics): the Original (https://www.pprune.org/jet-blast/477678-war-australia-any-oz-politics-original.html)

Sven Langolier 5th Oct 2012 15:11

The dreaded Carbon Tax has now been in place for over three months and, guess what? Things are pretty good.

Here are a few facts and observations for the economically challenged courtesy of The Kouk aka Managing Director of Market Economics Stephen Koukoulas.

The ASX200 has risen 7.1% over that time, adding around $80 billion to the market capitalisation of the index.
House prices have risen by 2.0%, adding a further $80 billion to the value of private sector houses.
Australia has retained its triple-A credit rating from all three rating agencies.
The unemployment rate is 5.1% down from 5.3% in June.
Foreign investment flows into Australia have been so strong, that the Australian dollar is up 1.9%.
10 year government bonds yields are 5 basis points lower over the three months which again reflects investor confidence in Australia and an ongoing low inflation environment.
The Reserve Bank of Australia held interest rates steady at near record lows of 3.5% in July, August and September, although the market is pricing in more interest rate cuts in the months ahead.
There has been a smattering of monthly economic data, most of it consistent with on-going steady economic growth in the September quarter.
Retail sales have eased off after a spike in May and June.
Consumer sentiment has risen 2.7% in the three months since June.
The TD-MI inflation gauges has risen by 0.8% in the last two months, a rate consistent with the overall 0.7% impact on prices from the carbon tax.
According to the NAB survey, both business conditions and business confidence have improved marginally.
There is some negative news – the ANZ job ads series has trended lower in the last few months, and housing credit growth has slowed to a record low as consumers it appears, continue to pay off debt at a rapid pace.
Overall, it looks like the economy and financial markets have continued to roll along at a nice healthy pace even with carbon now having a price.


hellsbrink 5th Oct 2012 15:19

The dreaded Carbon Tax has now been in place for over three months and, guess what? Things are pretty good.
Nice to see you have a new "Captcha" maker for forum names, MattRedTGreyLobe, one that doesn't include a colour or body part.

Shame it doesn't mean you have changed how you actually see things.......

PS. Your previous post on Abbot and women was just beyond belief, it shows how low you and those like you will drop to to try and hold onto power. It's a shame you can't actually debate any point previously made to back up your stance, but I guess that must be a precondition of being a Leftie because none of your other incarnations could either...........

Buster Hyman 5th Oct 2012 15:22

Fantastic news Sven, you multi faced persona you. Now, tell us how big a difference it has made on the climate? All those nasty toxins gone now are they?

allan907 5th Oct 2012 15:35

You would think that, after all this time, they (he) would realise that posting inflammatory posts to spark others off and thereby causing the closing of the thread had now ceased to work.

You would wouldn't you. Except that they(he) probably hasn't woken up to reality yet. :ugh:

Worrals in the wilds 5th Oct 2012 22:31

Following on from that, who's moderating Jet Blast these days? Was there a change in mods recently? I haven't seen any of the old school mod usernames around in a while...

Andu 5th Oct 2012 22:55

Careful chaps and chapesses, methinks that Sussex St's multi-identitied acolyte here is trying to "do an Alan Jones" on debate here and have it closed down by casting bait wide and far in the hope that someone will react in such a way as to have this thread go the way of earlier threads.

Sven, there's a famous 'Wizard of Oz' cartoon featuring the always sozzled Bung. In the first frame, in midflight, having jumped from a high rise building, he's saying, gleefully "The Wizard said I could fly!"

In the second frame, with the pavement looming closer and closer at very high speed, he says "....so far,so good."

If you really believe the stats you've produced showing how well Australia's economy is doing under Gillard and her (our!) execrable 'Treasurer' Swan, all I can say to you is "Sven, Julia said you can fly!"

Andu 5th Oct 2012 23:15

Shades of our recent experience in Martin Place
'Misunderstanding' over Islamic art sparks near-riot - FRANCE - FRANCE 24

A Moroccan artist on Wednesday suspended one of his works from a major arts festival in southern France after his projections of Islamic calligraphy onto a bridge nearly set off a riot when local Muslim youths saw pedestrians walking on the words.

Charlie Foxtrot India 6th Oct 2012 01:05

WITW, the other JB mods have left this one to me...I will keep it open unless the Pprune gods decide enough is enough.

PLay the ball, not the strawman.....

parabellum 6th Oct 2012 02:42

Overall, it looks like the economy and financial markets have continued to
roll along at a nice healthy pace even with carbon now having a price.
As has been pointed out several times before, the effect of the Carbon Tax on the retail markets will be felt around next Autumn, when it is passed on, just in time for the general election.

Worrals in the wilds 6th Oct 2012 03:10

WITW, the other JB mods have left this one to me...I will keep it open unless the PPRuNe gods decide enough is enough.
Yay! :ok::ok:

Sven Langolier 6th Oct 2012 03:12

“One of the most articulate economists in Australia.”
Alan Kohler, Author, owner of Business Spectator and the Eureka Report, ABC TV journalist and author.

“One of Australia’s most influential economists.”
The Australian Financial Review.

Stephen Koukoulas was a co-creator of the TD-Melbourne Institute Monthly Inflation Gauge, working with Professor Don Harding and Dr Lei Lei Song to develop a monthly reading of inflation for Australia.

Market Economics Pty Ltd is a macroeconomic, policy and financial market advisory firm and its Managing Director, Stephen Koukoulas, has been Senior Economic Advisor to the Australian Prime Minister, Global Head of economic strategy and research at TD Securities in London, was Chief Economist at Citibank in Australia, worked as a senior Treasury official and been the Australian Financial Review’s Economics Analyst and columnist.

But hell yeah, what would an obvious lightweight like the Kouk know compared to towering economic intellects which dismiss AAA credit ratings as irrelevant? :rolleyes:

Or for that matter are unable to grasp the significance of a triple AAA international rating when it is staring them in the face.:rolleyes:

Clare Prop 6th Oct 2012 04:57

Well my mum studied politics and economics at Oxford (And remembers witnessing Bob'Awke breaking the world speed yard of ale record) and she says you may as well look at chicken entrails when trying to use past economic history to try and predict an uncertain future.

However it is well known that socialist governments and their attitude of cradle to grave dependancy, unlimited unskilled immigration and sense of entitlement plus punishing high achievers will very likely lead to the situation we see in Europe.

CoodaShooda 6th Oct 2012 05:01


There is no doubt that the artificial construct that is an economy has good indicators when it comes to Australia.

But how much of this is due to government influence and how much to the actions of private enterprise?

When I think of this government's contribution towards fostering industry to grow a strong economy, I think of a decimated insulation industry, a gutted live cattle trade, solar power equipment suppliers being cut off short by changing policies, business being subjected to greater and greater bureaucratic demands, the imposition of a worthless carbon tax that will impact on all of us,directly or indirectly and a government that is propping itself up with a credit card that will eventually have to be paid off.

What happens when the boom comes to an end and we have to find the means to service the debts?

As for blindly accepting the word of members of the economic and finance set, I'm afraid my blind faith in them vanished with the GFC, the Euro crisis and america's debt crisis.

It would seem that Australia is faring well when compared to other economies because we aren't as far down the path as they have gone. But we seem to be following in their footsteps.

Captain Sand Dune 6th Oct 2012 05:56

The dreaded Carbon Tax has now been in place for over three months and, guess what? Things are pretty good.
Which makes me wonder how much better things would be if there weren’t a Carbon Tax in place.

"There will be no carbon tax under the government I lead" - you know, that one. Wonder why Ms GillARD changed her mind then?:hmm:

Captain Sand Dune 6th Oct 2012 06:29

SACKED anti-government Sri Lankan newspaper editor Frederica Jansz said her asylum claim was rejected despite her life being threatened.
Frederica Jansz, whose services were terminated by the new owners of the Sunday Leader two weeks ago, said on Friday Canberra rejected her application on the grounds that she was not out of Sri Lanka at the time of making the claim.
She took over the Sunday Leader after its founding editor Lasantha Wickrematunga was gunned down by unidentified attackers in January 2009. He was a staunch critic of the government of President Mahinda Rajapakse.
Asked if she would appeal the Australian government rejection conveyed to her last month, she said: "I was told that this decision is not reversible." She said she applied to Australia because she feared for her life at home.

"They say I did not qualify under their criteria for a persecuted person because I did not fulfil this requirement that I should have been abroad at the time of making the application," she said.
The Australian High Commission (embassy) in Colombo declined comment.
In July, Jansz publicly accused the president's brother Gotabhaya Rajapakse of using "most foul, lewd and disgusting language" towards her, when she tried to verify a report alleging irregularities in bringing a puppy from Switzerland to Colombo for his wife aboard a Sri Lankan aircraft.
She wrote in a report that Gotabhaya Rajapakse, who is also the defence secretary, said "Ninety per cent of the people in Sri Lanka wanted the editor of this newspaper (Jansz) dead," an accusation which was promptly denied by the government.
Jansz told AFP in Colombo that she lodged the asylum application before the latest exchange she had with the defence secretary.
Last month, she said she was sacked after she resisted demands from the new owner of the Sunday Leader to water down criticism of the president and his family.
The paper was launched by late Wickrematunga with his brother Lal Wickrematunga 18 years ago, building it into one of the most vocal anti-establishment newspapers in the country.
Media rights groups accuse Sri Lanka's government of trying to silence dissenting voices in a country where 17 journalists and media workers have been killed in the past decade. No one has been brought to justice for the killings.
Gee, why doesn't she ASIO to put in a bad word for her. The High Court wll fix it up for her.:mad:

RJM 6th Oct 2012 06:38

For anyone who's missed it, there' a British connection to the political 'gender wars':

Labor and its fellow travellers have gone to extraordinary lengths to start a gender war.

Last month began with an unsubstantiated allegation from Abbott's university days, 35 years ago, that he physically intimidated a female political opponent.

Despite denials and considerable corroborative evidence to suggest it never happened (other incidents involving the same players at the same time led to formal complaints and published accusations), media and Labor fuelled the story, putting Abbott on the defensive.

Health Minister Tanya Plibersek has declared Abbott has a problem with women in authority and other Labor MPs have joined what has become known as the "handbag hit-squad" of women attacking the Opposition Leader.

"We've seen him have the biggest dummy spit in history for the last two years because he lost to another woman," backbencher Deb O'Neill said. "We've seen the systematic use of the term 'she' when he refers to the Prime Minister, over and over, taking away from the dignity of that high office."

Attorney-General Nicola Roxon said: "It does seem to me that he is not very comfortable with capable women."

Gillard herself has referenced misogyny to deflect political trouble. When investigations by The Australian forced her to admit her law career came to a controversial end when her partners discovered she had secretly established a union slush fund for her lover, Gillard invoked "misogynists and nutjobs on the internet" to diminish the gravity of the claims. (Certainly some offensive material exists online, as it does for many politicians, but mainstream media and politics has ignored it.)

This week the government used radio broadcaster Alan Jones's tasteless attack on the Prime Minister to try to inflict political damage on his friend Abbott. Not only did Labor link Abbott to remarks at a function he didn't even attend but they tried to bring misogyny into an issue that had nothing to do with gender.

"This is what we are dealing with in terms of the culture of the Liberal Party that says anything goes, that engages in personal abuse day in day out which is particularly strong in its abuse against women," Infrastructure Minister Anthony Albanese said.

The theme is hard to miss and the aim is transparent. Labor wants to portray conservative criticism of Gillard as attacks on women.

The genesis of this tactic is illuminating. McTernan, a former adviser to British Labour prime minister Tony Blair, was brought to Australia by former South Australian premier Mike Rann, at taxpayers' expense, as a "thinker in residence". Now, as communications director for Gillard, he is paid by taxpayers (although on Twitter he declared he works hard for the ALP), and clearly has sharpened her political focus.

In a column for Britain's Daily Telegraph in 2010, McTernan declared: "The Coalition has a problem with women." He arg-p0ued spending cuts proposed by the Conservative and Liberal Democrat Coalition in Britain were unpopular with female voters. "This gender gap is a real and pressing problem for (British PM David) Cameron," he wrote.

Last year another column on law and order issues was headed: "How many women today feel the Coalition is protecting them?" And just in case you missed the angle, a few months later McTernan focused on women promoted in British Labour's reshuffle, turning it against Cameron: "The PM has a problem with women and he knows it."

So we can expect the gender war to continue. But for all the local twists and turns this strategy, it seems - like Gillard and Abbott - was born in Britain.

hellsbrink 6th Oct 2012 06:46

What happens when the boom comes to an end and we have to find the means to service the debts?
With growth slowing, retail sales falling, business profits falling and house prices starting to drop, etc, I would say that the "boom" is over now..........


BBC News - Australia's economic growth slows in second quarter

Cookies must be enabled. | The Australian

Clare Prop 6th Oct 2012 11:28

I don't remember Margaret Thatcher accusing her political opponents of misogyny. People hated her for plenty of reasons, but she never tried to play the gender war card.

In flying training we would call this sort of behaviour "rationalisation" ie trying to justify blaming everyone but yourself for the consequences of your actions. It is so tedious.

Worrals in the wilds 6th Oct 2012 11:45

retail sales falling,
Part of this is because many larger retailers are incapable of stocking anything people want to buy. Every woman I know complains about not being able to find clothes that fit anyone larger than Kate Moss and with more modesty than Lady Gaga. Even women who are Kate Moss size and dress like Lady Gaga complain about the fabric, cut and extortionate prices the stores charge so they can look cheap (with apologies to Dolly Parton :}).

Also, on the rare occasion you find something you'd like to purchase, you have to stalk around the store like a ninja looking for a staff member to mug. Once you've leapt out from behind a rack of clothes brandishing a tennis racquet from the sports department and accosted a sales 'assistant', said assistant will tell you they can't help you at that counter, because...like...it's a different department. Never mind that it's the same department store and said 'assistant' works for that store. Never mind that you're trying to be a customer and waving fifty dollar notes at them pleading 'I just wan't to buy this and then I'll go away and never come back.' :sad:

After you walk out in disgust, go home to your computer and buy whatever it was you wanted in the first place online, you turn on the telly (that you bought from one of the few decent, efficient and well priced retailers) and see an interview with the CEO of the first store moaning about how Australians don't care about local retailers and buy everything online these days. :ugh::ugh::ugh:

There's no other store like... Thank god for that. :rolleyes: Far too many Australian retailers are lousy. I'm haven't travelled extensively, but I've been to a few different places and in comparison; our guys Suck. Now they're competing with people in those different places and they're learning too little and too late. Recently I bought a tent from Utah (of all places) and it was cheaper, easier and much less hassle than dealing with the locals :sad:. Also, it was a great tent. I don't particularly want to do that, but I'll only cope with so much stuffing around in the national interest.

Don't get me started on restaurants. :} Oh, too late...:O

Of course part of this (warning; Socialist rant ahead :E) is because many retail and F&B businesses pay lousy wages, treat their staff like serfs and think job security means putting in more CCTV to spy on the staff change room. I have two foreign friends (one German, one Canadian) who came to Australia as trained hospitality workers. In their own countries being a hospitality manager is a well paid, respected job that attracts really good people. In Australia, they're both tearing their hair out dealing with incompetent business owners/managers who'll rob Peter to pay Paul, and lousy local staff who can't get a job anywhere else. If they can, they generally do :uhoh:.

Neither of their employers was struggling financially in the boom times, but they just don't see the importance of good customer servce when it comes to return trade. They still think it's the boom times when people will queue up to be stuffed around.

Then they whinge when people don't come back after being overcharged for lousy food that comes late, and prefer to stay at home cooking whatever they saw on Masterchef, drinking wine from the bottlo and watching the footy on the big screen telly they bought from the aforementioned great home entertainment retailer, without having to queue up for half an hour to spend twenty bucks on a warm beer and a cold pie. :uhoh:

Maybe house prices are falling slightly on paper, but in the major cities they haven't really dropped much; not if you're trying to buy something to live in. Maybe investment properties are down a bit and there are a few fire sale auctions, but it's far from Bargains Ahoy.

When I travelled to France (pre GFC) I was amazed how cheap their real estate was. Even the UK is comparatively cheap compared to Australia.

I don't remember Margaret Thatcher accusing her political opponents of misogyny. People hated her for plenty of reasons, but she never tried to play the gender war card.
Likewise Jennie George. Far too busy being tough.

Clare Prop 6th Oct 2012 12:50

Very true WITW especially regarding clothes. Nasty, overpriced items made from cheap material that last just a couple of washes before falling to bits/changing shape or size...ugh. I buy clothes when I go overseas.

As for Aus retailers, the way they treat thier staff it's no wonder they are grumpy....why oh why do the supermarket chains make those poor checkout peeps stand up all day? They are not allowed to lift an 8kg bag of dog biscuits but are left a legacy of leg, foot and back problems. Where I come from I remember loving doing checkout and getting snarled at by the shop steward for not wanting to go for tea break because I was enjoying serving and chatting to the customers on a lovely comfy chair and the ones in the tea room were hard and horrible! I am yet to be convinced that standing up improves productivity, and the prompt next to the checkout saying "Make eye contact and say 'how has your day been?' " is not only patronising and insincere but actually I don't want to tell the grumpy girl how my day has been, just want to get the :mad: out of there, just as she is counting the minutes until she can go and sit down somewhere.

Rant over

Edited to add the customer service in Bunnings and Officeworks is exemplary!

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