The political and economic form guide

Sun, 05 Nov 2017  |  

The spring carnival is in full swing and it’s time to turn on the lights and examine the political and economic form guide.

My tip is Uncertainty, which seems to have the best track record in politics and economics. So here we go.

Turnbull: Looked promising early in career but only fell across the line last start. Lost all form and hard to have.

Shorten: Difficult to fault recent form, although task made easier in recent starts with inferior opposition. The testing material.

Government Debt: A stayer which is going from strength to strength. Being helped by a lack of tax reform and will be thereabouts.

Reserve Bank: Has done nothing in over a year despite the urgings of the 1.8 million people either unemployed or under employed. Needs to improve.

Barnaby: Imported colt who was blocked by High Court at his last start. The use of blinkers has not helped. In the spelling paddock.

Hanson One Nation: Attracting support in recent starts, gaining a dream run as Turnbull shifted to the right in the home straight. No.

ASX200: Slowly regaining form having been knocked down by GFC. Watch for market moves, but probably looking for longer.

Housing Bubble: One of the favoured runners, but past its peak. Will attract plenty of support. A proven stayer.

Xenophon: Eligible for easier races having failed to live up to expectations. Prefer others.

Greens: Won the Bong Bong Cup is record slow time. Failed to make any ground after running in wrong direction in the Group One Economic Policy Cup. A win would surprise.

Abbott: Lost on protest to Turnbull having followed a similar path to Rudd when in the lead. Might be at long odds for this, but still a definite threat.

Australia’s Economy: Hampered by Reserve Bank when poised to challenge in the World Best Plate. Not the worst.

Uncertainty: Even with erratic form, this gelding has a habit of popping up when least expected. Include in multiples.

Your Money: Dropped out last in the race won by Global Crisis. Bought into contention by Housing Bubble and ASX200. Keep safe.

Rudd: Had the run of the race but ran off at the turn on the PM Handicap in 2010, caused interference to the eventually winner. Capable of better.

Itchy Leg: Scratched.


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Wed, 29 Jul 2020



Covid19 has opened a door for Australians to positively accept significant changes that will lead to a shared good. This rare opportunity enables us to achieve sustainable economic and social goals that create a new ‘normal’ as our way of life.

These Ten Steps are presented as non-partisan recommendations to the Australian Parliament in the firm belief that, if they embrace them, the Australian economy and society will be greatly enhanced after the Covid19 pandemic has passed.

*A job for you if you want one.
A significant increase in part time and casual employment can be created that will enable you to enjoy a more creative and peaceful lifestyle and to live longer and better. The traditional age at which you would have been expected to retire will become obsolete as a result. An access age for pension and superannuation will become your choice. This will enable you to remain in paid work for as long as you want to, on a basis that you choose, while boosting the productivity and growth of Australia.

*You will get wage increases that will be greater than your cost of living.
A demand for enhanced innovative skills at all levels of employment will be created as the economy grows in strength, thereby enhancing your stature in the workforce and enabling executive salaries and bonuses to drop to levels that are accepted as justifiable by employees, shareholders and customers.

The misplaced objective of the government of delivering a surplus, come hell or high water, has gone up in smoke

Tue, 07 Jan 2020

This article first appeared on the Yahoo Finance web site at this link:   


The misplaced objective of the government of delivering a surplus, come hell or high water, has gone up in smoke

For many people, the cost of the fires is immeasurable. 

Or irrelevant. 

They have lost loved ones, precious possessions, businesses and dreams and for these people, what lies ahead is bleak.

Life has changed forever.

As the fires continue to ravage through huge tracts of land, destroying yet more houses, more property, incinerating livestock herds, hundreds of millions of wildlife, birds and burning millions of hectares of forests, it is important to think about the plans for what lies ahead.

The rebuilding task will be huge.

Several thousands of houses, commercial buildings and infrastructure will require billions of dollars and thousands of workers to rebuild. Then there are the furniture and fittings for these buildings – carpets, fridges, washing machines, clothes, lounges, dining tables, TVs and the like will be purchased to restock.

Then there are the thousands of cars and other machinery and equipment that will need to be replaced.