+ 1I cringe every time I hear how clever Australia is in mining.
The call has been forever to add value to our mining operations and yet I have never seen the education / culture developed to even think about it.
We have recently built lithium hydroxide processing plants in Kemerton and Kwinana, we have the battery grade nickel plant, we have a State Government who keep saying we could be the lithium valley of the battery world and yet nothing moves on.I cringe every time I hear how clever Australia is in mining.
The call has been forever to add value to our mining operations and yet I have never seen the education / culture developed to even think about it.
Most top line academics in Australia are snapped up by large overseas conglomerates, and it's been like this for years. They give them an offer they can't refuse, a house, health insurance for them and their family, and fill their bank accounts up.Trouble with Australia is that culturally, depending on the employer that's a good way to identify yourself as a target to be outsourced.
Contrary to many people's misunderstanding, the idea that Australia needs to boost productivity mostly isn't about "work harder" but rather, it's about "work smarter" and that's not just about the person doing the physical task, it's about the design and specification of it in the first place.
Called it.Australian PMI ticks back upwards. Considering the oil price rise recently, and how trailing the data is, this is probably the data's inflection point now.
Which will also mean that interest rates will come under fresh pressure shortly.
Equal probability imo... and only half joking.My guess is, we still have at least 50% interest rate rise to go in Australia.
Can't believe you don't get more accolades given your predictive accuracy.RBA raises another 25 points.
And here's my post from a month ago after PMI numbers came in hot:
Called it.
Nah, that is it.My guess is, we still have at least .5% interest rate rise to go in Australia.
Considering nearly 50% of the population live between Melbourne and Sydney, I guess they are bleeding from the ears, so you might be right.Nah, that is it.
The markets will turn belly up over the next few weeks, the public will turn nasty, media will turn against the government, loan delinquincies will rise, bankruptcies will quadruple, and thats only the good bits.
Mick
Yeah, I wish the girls swooned for this stuff.Can't believe you don't get more accolades given your predictive accuracy.
Mick
What do you think it will top out at?Yeah, I wish the girls swooned for this stuff.
Just imagine me in a bar:
"Hey baby, the other guy might be a professional athlete but I can predict interest rate rises like nobody you've ever met..."
Lot of uncertainty on that. Will and should are two different things unfortunately. It should be damn near twice what it is but the likelihood of that happening is 0.What do you think it will top out at?
Ok hang your nuts over the fence and put number on it. LolLot of uncertainty on that. Will and should are two different things unfortunately. It should be damn near twice what it is but the likelihood of that happening is 0.
Are labor going to start the liberal party's tricks of fudging the numbers so they don't look so bad so they don't "have" to raise rates more? Are labor going to stay in power? Are they going to let it run hot and use bracket creep to balance the books? Are immigration numbers/rules going to be tweaked at all? Are the liberal-party-aligned media going to continue crucifying them for inflation (which is actually supply side caused) and they respond by going "fine, we'll just pump rates more then"? And then everyone cry foul about their investment property values getting pummeled so nek minnut the liberals are back in quoting john howard word for word "interest rates will always be lower under a liberal government"?
Even if the next numbers came in abysmal that doesn't mean they'll actually do what they should. They did this time around but they ignored the numbers plenty of other times so even if the next numbers come in terrible that's still no guarantee of them actually doing anything about it.
Welcome to australia.
Australian PMI ticks back upwards. Considering the oil price rise recently, and how trailing the data is, this is probably the data's inflection point now.
Which will also mean that interest rates will come under fresh pressure shortly.
OZ inflation just refuses to die!
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So now the talk is will MS Bullock give us another 25 basis points increase on Cup Day?
Mick
I'd like to say yes, but I'm going to say no.
This series of sarcastic posts would be comical if it wasn't all real. The level of lack of faith in our powers that be that this all betrays is just.. depressing.Right, in that case, I am going to bet she will give us another 25 points.
I mean she said that renters are having it better this year than in 2021, so she is obviously very much in the loop, and has a pulse on what is happening out there in the burbs.
Mick
See my previous post about wanting to say yes but having so little faith in the dickheads in charge that I'm going to say no.Ok hang your nuts over the fence and put number on it. Lol
Jesus christ mullok you've got me worried about my 15 negatively geared investment properties and $6m worth of franking credits now.Nah, that is it.
The markets will turn belly up over the next few weeks, the public will turn nasty, media will turn against the government, loan delinquincies will rise, bankruptcies will quadruple, and thats only the good bits.
Mick
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