Thursday, 23 September 2021

Around the Traps 24/9/21

 It is time for Around the Traps again.

Aussie,Aussie,Aussie,Oy,Oy,Oy

Northern America

Europe

Asia

Wonk

General

Climate

Andrew Gelman ( mainly stats)

Econometrics

  • nuttin
Dianne Coyle ( quirky + book reviews)

Wednesday, 22 September 2021

China and evergrande

 Here are a few people writing on this that are interesting


I don't think this a Lehmann bros moment. I very much doubt if financial contagion would occur as exposure to Evergrande is limited.
I expect Evergrande will get through this through a variety of measures as they are in essence too big to fail. If 'allowed' to fail it would have devastating affects on the Chinese economy and thus the current leadersip..

However the current chinese leadership have proved quite adroit in engaging in failure when success looked all but inevitable.  'wolf warrior leadership anyone. Is what is occurring now simply a limited variation of a modern great leap forward or cultural revolution? We live in interesting times

Tuesday, 21 September 2021

the Victorian debacle

 I can't say I have much to add to what Steve from Brisbane has said on this.

I am somewhat bemused to see and hear a lot of law and order advocates apologise for the violence in these demonstrations. Those in the building industry in Melbourne had been in a privileged position. That they have allowed anti-vaxxers and rabid nazi sympathisers to dominate the demonstration is disgraceful.

It does show we do have our share of not only idiots but very selfish idiots in Australia.

Monday, 20 September 2021

renewables create new records

 Renew Economy reports on the records created by renewable energy.

This is good . A record on the weekend and then broken on the monday when business is back.

However let us be realistic. It will be better if records are broken once lockdowns are over and the economy is back to normal.

Sunday, 19 September 2021

AUKUS

 Well a new 'alliance'.

Here are some comments:

A few comments. ANZUS meant we were always close to the USA. We went to Iraq because of it. It has not made us closer it has merely made it explicit.
There is more to this than nuclear subs.
nuclear cubs go further than diesel powered ones but cannot be silent like them.
The nuclear reactors are with the sub for its lifetime. When the sub is no longer in use it is discarded and not with us.
 
big problem is we have not signed a contract thus we do not know the cost and we also do not how much we pay the French Also our communication of the deal was less than ideal.
See HERE for example

Thursday, 16 September 2021

Around the Traps 17/9/21

 It is time for Around the Traps again.

Aussie,Aussie,Aussie,Oy,Oy,Oy

Northern America

Europe

Asia

Wonk

General

Climate

Andrew Gelman (mainly stats)

Econometrics

  • nuttin

Dianne Coyle ( quirky + book reviews)

Vox Wonk


Wednesday, 15 September 2021

The OECD and the RBA

 The OECD has released a report ( actually you cannot read it until the 24th ( grrr). HERE is a report on the report. I do like most of what they allegedly say however

Amongst other things they say the RBA should have a review. I do agree with that.

Here is Ricardian Ambivalence's  thoughts on Lowe's latest speech.

The RBA like many Central Bank has a problem of raising inflation. It has failed miserably during Lowe's term as governor. I suspect measures needed are not what the RBA can do as discussed yesterday.

A review of institutions are regularly needed. There should be one of the RBA.