I’m investigating the origin of this target. I want to know the basis for its creation and on going maintenance. It is not clear to me why the target should not be 0%pa.
Continue readingMonth: February 2023
Attention grabbing headlines
It is said that ‘Dog bites Man’ is not an effective newspaper headline but ‘Man bites Dog’ is. Well, I was reminded today of that, possibly apocryphal, tale from the inky dungeons of old style newspapers sub editors’ offices. ‘Australian Actuary finds himself agreeing with statements from the Greens and then the Labor party.’ Really?
Continue readingWhat a disgrace
twitter.com/tomselliott/status/1598273883357859842
This woman is an utter disgrace. What low levels the public officials in economics have fallen to in the west. It makes me ill to see how her incompetence her lies or both tarnish the reputation of economists more broadly.
Walls, windows, amplitudes and newspapers
The wall opposite my favourite corner chair, the chair in which I sit to read the morning newspaper, has one of those long windows in the shape of a letterbox. Shallow, but wide, it traverses the wall and provides a wide angle view of the eastern horizon. It is a rough measuring guide to the passing of the summer.
Continue readingSome observations on Australian inflation
I am not optimistic that we have seen the worst of inflation in Australia and I explain why in this post.
In recent days, the December 2022 quarter national statistics covering the money supply, producers’ prices and consumer prices have all been released. The data is worth reviewing for clues about what is yet to come.
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Australian Actuary 