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Author: AustralianActuary

Where is Ignominy?

21 April 202321 April 2023 AustralianActuary Economics Central banking, inflation, Interest rates

I’m not entirely sure where Ignominy is but I do know that lots of things end up there. It is common to hear of this or that ending up in Ignominy. Perhaps I should look it up on Google Maps.

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Just go

13 April 202310 May 2023 AustralianActuary Economics Central banking, inflation, Interest rates

The Reserve Bank of Australia has finally admitted that “we did a terrible job.”

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He’s right

12 April 202310 May 2023 AustralianActuary Economics Utter Stupidity

Premier Andrews is correct.

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Back in Black

12 April 202312 April 2023 AustralianActuary Economics tax

Can a leopard change its spots? The Grattan Institute has released a report titled “Back in Black”. It contains recommendations on how to correct Australia’s chronic budget deficit problem.

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On track to fail

11 April 202311 April 2023 AustralianActuary Business #Energy

Writing in today’s Financial Review, Michael Read reports: “Federal Labor’s landmark policy to build 1 million new homes in five years is on track to fail..” Great opening line, seething with dark humour. Politicians in charge, make decisions, failure arrives on cue.

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There is no pleasing some people

10 April 2023 AustralianActuary Business superannuation

This is becoming tiresome. More opinion presented as research. In this case, the Financial Services Council of Australia has released its latest piece on superannuation in Australia. The FSC finds that Australians are not spending their superannuation quickly enough and this is ‘not optimal.’

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Pompous absurdity

7 April 2023 AustralianActuary Life Clueless, Totalitarianism

What is it about banking executives that have become mega wealthy thanks to crony capitalism and their annual pompous ‘Letter to Shareholders’?

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Correct analysis, wrong conclusion

6 April 202312 May 2023 AustralianActuary Economics Utter Stupidity

What is the point of research and analysis if the conclusions drawn are wrong? How can an institution correctly analyse the problems in our economies and yet call for more of the same actions that have caused the malaise?

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Sustainability goals miss the number 1 goal of sustainability

23 March 202323 March 2023 AustralianActuary Business ESG

Readers will be aware of the banking crisis playing out in front of our eyes. Let’s take a moment to look at just two demises: Silicon Valley Bank and Credit Suisse, both effectively nationalised in Government emergency actions this month.

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Bank bail outs are insane

14 March 2023 AustralianActuary Business banking, regulation, risk

For three reasons:

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