Some people remain mystified by inflation, even some of those who used to be a deputy governor of the Australian central bank, the RBA.
Continue readingHP revival
If you are of a certain age with a predisposition to numbers, Hewlett Packard calculators are likely to conjure favourable memories.
The 12c for the actuaries, the 15c for engineers, the 41c for geeks who solved Rubik’s cube one handed behind their backs before breakfast.
In recent times, HP calculators deteriorated in quality to the point of unusability. The business outsourced manufacturing to China and the rest is history. Garbage came back with a bitter taste.
But, HP emulators are available from app stores. You can pay a tiny price and put a 41c on your phone, bypassing the horrendous lack of quality from Chinese hardware. It’s almost like old times.
HG Wells, blockchain and modern warfare
HG Wells, famous author, wrote The War of the Worlds about 125 years ago.
Continue readingOil price boosting inflation?
Don’t be fooled. The rise in the price of oil is not boosting inflation. It is a claim that is politically convenient, but wrong.
Continue readingExperts say
Scientists must be getting bored.
Continue readingWrong answer
The Australian newspaper online version is running a quiz to help readers determine which way they are leaning to vote in the upcoming Australian Voice referendum. (Ed note: wouldn’t they know that already?) 11 questions later, here is what I was told:
That big box ‘Try again’ suggests that I got the wrong answer.
New covid panic
If I told you that Covid restrictions were about to be re-invigorated, you would reasonably dismiss me as a looney. Right? Stay tuned.
There are no solutions, only trade offs
In life, solutions without trade offs do not exist.
Continue readingThe EU funk
‘The EU is in a funk’, I said on this blog a few days ago. I think malaise would have been more accurate. Funk involves panic, according to my dictionary. When I observe the EU, I’m not sure that I see panic. Yet the picture is grim.
Continue readingInflation bulletin, June quarter 2023
There is positive news in this quarterly update. The June quarter data for all three measures that I track is now available.
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