Sunday, 2 August 2026

A few things

 In no order of importance.

Albo

If the private sector do not want to build oil terminals then there is no need to do a study into building one. the reason they do not want to build one is that it is  like coal fired power plants) not profitable.

I think we can confidently say now we cannot trust the ALP to do anything positive on gambling. both albo and Minns are very weak on this.

Ukraine

Zelensky had to choose between his defence minister and chief general. He went for the latter but the punters did not approve so he changed. the new general in charge who looks very formidable and has popular support and importantly does not have any soviet baggage. His old defence minister will be around somewhere.

They need patriots bigtime as it is only the ballistic missiles that are hitting ukraine. What a pity a lot were wasted in Iran

Iran

We do know the US stockpiles of weapons has drastically reduced. It appears the US has not learnt any lessons from Ukraine. They are wasting high value assets on low value drones. Ukraine does not. I do not believe Iran is going to do anything to have a 'treaty' until after the mid-terms. does anyone remember the hapless Jimmy Carter in 1980?

Spain

There were a lot of people that got to Ceuta. They apparently thought they could get to spain. ( it isn't part of mainland spain. When they found out they had beeen wood-ducked most went back to morocco. Why did they think that. believing far right nut jobs.It is a familiar story.

FIFA

The President came up with a hairbrained scheme to sell off their most prized assets. No-one liked it and hopefully he will go.

Communism

If you want to understand what communism is then you need to read Das Kapital. Beware it is very long and boring. the communist manifesto is better as it is much shorter.  There is no private sector in communism thus a candidate who is a communist wants to nationalise every sector. If you believe the government should own part of the private sector like trump then you are a socialist. If you believe the public sector should only own assets that are essential then you believe in capitalism!!

Thursday, 30 July 2026

Around the Traps 31/7/26

 It is time again for Around the Traps.

Aussie,Aussie,Ausssie,Oy,Oy,Oy

OZ Climate

Northern America

Europe

Asia

Wonk

General

Climate

Andrew Gelman (mostly stats)

Dianne Coyle ( quirky + book reviews)

Vox Wonk

Wednesday, 29 July 2026

Rate rise probably unlikely

 The CPI came out yesterday. Things are not as bad s they looked previously.  HERE is one analysis. it is pretty much on the money.

Let me quote from CBA economic research. The trimmed mean was softer than expected and there is limited pass through at present. Add that to demand slowing, the labour market softening quicker than expected and housing being quite soft and you have a case at present to keep rates where they are.

The middle east is the major problem and may cause them to lift rates if oil prices take off.

We shall see

Tuesday, 28 July 2026

renewables

 It has been ssome time since I 'posted' on this topic so here are some articles.

Wholesale prices are 47% lower than this time last year. Why you ask? renewables. As they further increase and coal/ gas further decrease this should continue.
Ask another question. Why aren't investors building coal fired power stations if they are the cheapest form of power with their ears pinned back. afterall no-one is stopping them! Because they are not the cheapest  and take a long time to build. If nuclear is so attractive why are investors knocking the door down in protest for not being able to build them. Because they are easily the most expensive form of power. Duh

Monday, 27 July 2026

Politics in OZ

 Victoria

I cannot believe the ALP want to replace their leader when there is an election in november. Do they think victorians are complete morons. It merely reinforces the impression the ALP is in disarray and are fighting among themselves. The punters in australia punish the ALP for this way more harsher than the LNP . Now I favour a change of government in victoria as the ALP have been in for more than two terms and are showing clear signs they have run out of puff.

NSW

We have an ICAC hearing which is not going to be good for the Liberals moreson as they clearly favour Chris Minns. I suggest we might see a weakened version of the SA result here. The ICAC inquiry might    ( probably) divert votes from the LNP to ON.

Hanson

What can we say. She is certainly 'affectionate' about the white Australia policy'. By the way it was Harold Holt not Gough Whitlam that got rid of it thank the lord. How that is not racist thinking? Then next she is blaming victims of domestic violence. and of course she favous mass deportations alah trump. AND she has a glass jaw politically.


There is an  old saying that no matter who you vote for you will get a politician. Apart from being a moronic truism even the criticism misses the point. Whoever you vote for will be a human being. As some stage they will lie, mislead etc even dissapoint. Alas the voters are human as well and have undue expectations.

Sunday, 26 July 2026

The price of oil

It is hard to see the price of oil falling much. There are four reasons for this.

  1. The strait of hormuz
  2. the red sea
  3. the fall in russian prodution
  4. inventories
As you can see 1 & 2 are related to the Illegal war the USA is conducting on Iran. They are chokepoints for middle east oil to get to the rest of the world. Trump is a moron ( this is a highly technical term) and has gotten himself into a war where there is no end unless he gives Iran too much inn an agreement. Iran has no reason to sue for peace and would like it to continue until after the mid-terms. The houthis are joining Iran in their quest. Just remember even if hostilities stop ships need insurance to sail and that would take time in both areas.

People have seemingly ignored the Russian/Ukraine war. Ukraine drones are making a mess of russian oil production and terminals. It is hard to see Ukraine reducing this successful campaign.

Inventories were rundown a lot when the War started and no oil was able to get out of the strait of hormuz. Any further hostilities could see oil prices rise bigtime.

Let me finish on a very bearish note. If trump does put boots on the ground in Iran then watch out!

Thursday, 23 July 2026

Around the Traps 24/7/26

 It is time for Around the Traps again.

Aussie,Aussie,Aussie,Oy,Oy,Oy

OZ Climate

Northern America

Europe

Asia

Wonk

General

Climate

Andrew Gelman (mainly stats)

Dianne Coyle ( quirky + book reviews)

  • nuttin

Vox Wonk