"want" may not be the right word. More like "we will if we really have to, this is so much fun watching our friends the Elite becoming fabulously wealthy, as they are entitled to. What's 5 or 10% inflation when you are 50 million dollars richer?". ...

Fed's Waller says could make an announcement on taper by September

Dude better watch his back.

Fed's Waller says could make an announcement on taper by September

If economies weren't so twisted and distorted like something out of The Exorcist by the paradigm that the govt will fix everything, the market would be able to create and send appropriate price signals to assist the trillions of decisions made each ...

There’s an unemployment cliff coming. More than 7.5 million may fall off

{edit - I'm putting this at the top coz its important. If you read the thoughts of only one economist, read those of Saul Estlake (and Alan Fels, but he doesn't elaborate). He is about the only one in that entire list who can *think*. Everything I ...

Top economists say cutting immigration is no way to boost wages

This is a sound issue that merits discussion only because the question needs to be asked. Sadly this is perhaps not the most appropriate forum to go through the hoops of analysis to explain with any level of sufficiency. To do so would require a ...

Week ahead: Who let the doves out?

The boy in the movie can "see" what others cannot. He has a sixth sense.

Australian Dollar Outlook Bleak: AUD/USD Eyes RBA, Delta Variant, Beijing Crackdowns

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Australian Dollar Outlook Bleak: AUD/USD Eyes RBA, Delta Variant, Beijing Crackdowns

That's kinda interesting on many levels. What it actually means, though, is open to such a wide interpretation as to be meaningless without substantial clarification..

China escalates plans to crush Australian iron ore industry

Why should they?

China escalates plans to crush Australian iron ore industry

That's a mighty big "if".

China Keeping ‘Open Mind’ on G-7 Talks Aimed at Trade Abuses

Your secret is safe here, comrade/tongzhi.

China escalates plans to crush Australian iron ore industry

Next on the agenda - a war on inflation. Hey, I didn't think of it. I have read about some price cap program that was in place during the Carter administration. Inflation will win. More accurately, inflation can't lose.

Powell: Inflation is running well above our target

I dunno. I wouldn't be surprised if the Fed pumps another trillion before it is "forced" to actually taper in any meaningful manner, with a commensurate blowout in asset prices. They'll always find some excuse to pump. I'm happy to be wrong, of ...

Powell: Inflation is running well above our target

In May the EC called for UK's re-application to be rejected. Just last week the EC announced that the bloc was not in a position to consent to UK accession. This has no bearing on my comment, the substance of which is in no way inconsistent with ...

The explosive Brexit spat that no one is talking about could slam the UK economy

Details are sketchy, but I read it differently. It is the EU folk (under a different legal regime than the UK's Common Law) who will be missing out on their disputes being resolved in UK courts. Well that sux.

The explosive Brexit spat that no one is talking about could slam the UK economy

Yes, for people who are otherwise employed. Nothing for recipients of welfare on account of disability, age, unemployed etc. Welcome to possibly the worlds greatest middle class welfare state.

Consumer Price Index, Australia

This Covid anti-vax thing is news to me. If they are vocal, maybe I *am* going deaf. Or perhaps censored? Are they the similar people who were anti-vax even before Covid? Because that thing was/is all very questionable. I'm being quite generous in ...

Tokyo daily coronavirus infection cases surge above 3000- media

Yeah. Masks cannot stop a virus. They are measured in billionths of a metre, visible only with an electron microscope. Ya reckon some cloth will stop the little buggers? A condom over ya head might stop them being spread in the air. If you sneeze ...

Tokyo daily coronavirus infection cases surge above 3000- media

In jurisdictions which are modeled on Common Law (I thought America was??) this would be a non-issue. There are clear equitable remedies (together with obvious contractual ones mentioned) for Citi. Dunno what the fuss is about. The judge clearly got ...

University professors back Citi as it challenges $900M payment error ruling

Perhaps the U.S. contingent, as guests, could have brought along a few bottles (or cases) of Aussie wine. As friends would.

U.S.-China meeting off to a tense start as Beijing official says relations are in a ‘stalemate’