I like investing in businesses that are simple and profitable, provided that I can buy my share in the business at an attractive price.
Continue readingEconomics
Inflation Bulletin
Did anyone see the headline this week regarding Producers Prices?
Continue readingWhat is going on in China?
The Chinese Communist Party has been in power for 75 years. How much longer can it retain its grip?
Continue readingWhy the Left always fails on public policy
The key to effective public policy is to understand incentives. Incentives are not particularly well understood. That explains why most public policy is bad policy.
Continue readingAny Greens paying attention?
To ask is to answer. Of course they’re not.
Rich energy hobbyist carpetbaggers
A prominent national journalist recently published an opinion piece about the crazy state of the Australian energy market. In it he referred to the small number of individuals that are trying to use political power to enrich themselves as “rich energy hobbyist carpetbaggers”.
Continue readingCould there be any idea more idiotic than this?
Government subsidies of power bills will reduce inflation? What a depressing headline. What kind of ignoramus would think that Government financed consumer subsidies will reduce inflation? I’d invite the dopey journo to advocate the complete removal of inflation by subsidising all household costs, not just power.
PS OK, some ideas are even more stupid: socialism and its evil cousins Communism and Fascism.
Inflation bulletin
In my previous bulletin, I said the optimism was possibly overblown. By the end of 2023, many pundits proclaimed that inflation had been tamed. Stock markets staged a remarkable comeback. However, in the last few weeks, that balloon of optimism has been punctured well and truly.
Continue readingAustralian energy mix, summer 2024
Summer, the 3 months from the solstice to the equinox, has just ended in the southern hemisphere. How did Australia generate its electricity over that time? With renewables?
Continue readingInflation bulletin
Stock markets have been pricing in the anticipated end of inflation for the last little while. Is Mr Market right?
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Australian Actuary 