- Joined
- 21 June 2009
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- 14
Now the World has finally woken up to the U.S money printing scam, there will be a major correction on the markets.
It will be funny to see Gillard and Swan trying to sell their carbon tax while we are tumbling into recession.
They will be looking for a rock to crawl under as unemployment rises and they can't keep hiding the real inflation figures.
A change of government is comming sooner rather than later, public opinion won't allow them to stay for 2 more years.
By my back of the envelope, there’s the numbers on the Very Foolish Train:
$100bn @ 10% WACC means it needs to earn $10bn p.a. profit to be commercial.
@ a very generous $50 gross EBIT margin per passenger (after wages, depreciation, electricity or whatever it runs on): By my count there need to be 200 million journeys a year to generate $10bn EBIT, or 550,000 every day incl Xmas and Easter. This is more than half the patronage of the ENTIRE Sydney Cityrail network with their 1500 carriages!
Even if operating costs were zero because the stupid thing was unmanned, immortal and ran on solar and cost of capital was cut to 5% that’s still about 100,000 journeys a day to be viable. I don’t know how many Brisbanites commute daily, but a fair number of them would need to get jobs in Sydney. This is the single dumbest thing I’ve ever seen.
Richard D replied to ant of yarra junction
Sat 06 Aug 11 (07:26pm)
I have used fast trains in Europe but like nearly all train services they are very heavily subsidised.
The German government is backing away from very fast trains because they are too expensive (& Germany is rather densely populated). You know when the German government says something is too expensive, it is too expensive.
If something needs large subsidies to work in the market place then you know that the Cost/Benefit does not stake up.
and this comment....
A new essential Media poll is out today with 2pp at 57% to coalition and 43% to labor. Last week was 56:44 coalition:labor.
http://www.essentialmedia.com.au/essential-report/
Well my guess is that Gillard will be gone by the end of the month.
If she is not, Labor will be a laughing stock.
I cannot see any reason for an election, so it will be another leader.
Just remember that there is the convoy of trucks(if it goes ahead) to be negotiated yet.
joea
Which is the baby and which is the bath water ?Gillard and the carbon (dioxide tax) gone.
Which is the baby and which is the bath water ?
To me it just lools like bath water with a poo in it.
On "7.30" this evening Wayne Swan was asked if - in view of the global situation - the government would consider delaying the carbon tax. He produced a response of the usual obfuscation, but did not actually say no, it wouldn't.I foresee the baby being thrown out with the bath water. Gillard and the carbon (dioxide tax) gone.
Another recent developement will be the pending court case against Labor MP Craig Thompson in October.
Interesting days ahead.
TREASURER Wayne Swan concedes China's economic growth may be about to lag, but says Australia - and the region - is on a solid footing.
There are rising fears about a second global financial crisis given the shaky finances of the US and some economies in Europe.
Mr Swan conceded that if China stumbles as a result, Australia could well follow suit.
"There's no doubt if China slows, it will have an impact in the region," he told ABC Television today.
"It's a possibility."
"But there are dynamics in the economy which relate to population growth, which relate to productivity improvement, which mean they can continue to grow.
On "7.30" this evening Wayne Swan was asked if - in view of the global situation - the government would consider delaying the carbon tax. He produced a response of the usual obfuscation, but did not actually say no, it wouldn't.
Chris Bowen is looking very shaky in the light of the court intervening in the transfer to Malaysia. You'd surely imagine that before embarking on any such policy, the government would have done all the possible legal testing of any challenges that could jeopardise its plans.
Apparently not. Again.
Fair go, Julia. I'm sure the Department of Immigration would have sought legal advice from the Australian Government Solicitor or somesuch prior to presenting its advice to the Minister.
The Minister might also have ignored Departmental advice and went ahead with the scheme nonetheless, for political reasons.
On "7.30" this evening Wayne Swan was asked if - in view of the global situation - the government would consider delaying the carbon tax. He produced a response of the usual obfuscation, but did not actually say no, it wouldn't.
Chris Bowen is looking very shaky in the light of the court intervening in the transfer to Malaysia. You'd surely imagine that before embarking on any such policy, the government would have done all the possible legal testing of any challenges that could jeopardise its plans.
Apparently not. Again.
Last night on QandA, Labor Party insider Graham Richardson (ex-power broker of the Hawke & Keating eras) stated categorically that Labor WILL lose the next election. Without a doubt.
Good onya for having the guts to spill that Richo....
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