Ok, to be clear here, Jane Hume is one of the most articulate Liberals and possibly one of the most intelligent…
This, of course, is one of the reasons that one cannot seriously entertain voting for the Liberal Party any time in the foreseeable future…
It’s a great phrase, isn’t it? “The foreseeable future”… I mean, all Phil Lowe had to do was use it when he was predicting future interest rate rises instead of his silly prediction that they wouldn’t go up before 2024 and he’s have been completely in the clear. After all, if you say foreseeable future and something happens, then clearly it WASN’T foreseeable!!
Actually, even if he’d said that he couldn’t see interest rates going up IN 2024, he’d still have a chance of being right.
Yes, and as I pointed out a couple of weeks ago, being wrong never matters to media people who are more likely to interview someone who’s been wrong on the grounds that they are one of those INSIDERS who gets it wrong but with the best of the sort of knowledge that enabled them to get in wrong in ways that an uninformed person would have been so lacking in knowledge that they may have got it right…
Yes, one article I read was still telling us that Phil Lowe’s prediction was that inflation wasn’t tamed and we may need another interest rate or two… And we should listen to Phil because he was once the RBA head who told us something that was so completely inaccurate that some people felt like he was taking the blame for getting his prediction so wrong when – after all – it was only the fact that circumstances turned out differently, otherwise he’d have been correct in his call.
Anyway, I find the commentary around the future of interest rates fascinating in the same way that I find horoscopes that tell some star signs to go to the races and put money on certain numbers while telling other star signs to put money on different horses… I mean, surely it’s going to be a particular number that gives you the best return on investment and the fact that I’m a Gemini shouldn’t bar me from getting some of that $37 from that winner you told Scorpio to back…
To sum up the interest rate and political situation as simply as I can:
- A few days ago, the RBA told us that they had no idea what would happen with interest rates because they didn’t know lots of things including what would happen with the Federal Budget so the next rate move could be up or down and they weren’t ruling anything IN or OUT… which – after Lucky Phil’s: no rate rises before 2024; oh, whoops 13, that’s unlucky – seems prudent!
- Various economists announced that this confirmed their prediction that their latest prediction was much better than their previous completely opposite prediction.
- The Treasury announced/leaked that they did know what was in the Budget so their prediction was that inflation would come down much quicker than forecast by the RBA who didn’t know what they were going to do and so this is one time when we can get it right… Ha ha!
- Financial markets – and Jane Hume – are concerned that the Budget may fuel inflation by giving money to people and the Coalition are all about putting money back into people’s pockets unless it’s inflationary or if Labor is suggesting doing it. Reducing the cost of prescriptions or childcare or something else will add to inflation in the long term because people will have money to pay their mortgage and we won’t have a fire sale of properties reducing the cost of houses thanks to people living in their cars or the streets.
- Finding all the hidden “Back in Black” mugs and selling them may reduce inflation because they’ll have to be sold cheaply owing to the Liberals inability to deliver a surplus. On the other hand, they may be a collector’s item which would make them more expensive and do nothing for inflation which Labor should have known about before enticing us to find them in ScoMoses’ garage.
- Angus Taylor went on “Insiders” and suggested that Jim Chalmers should adopt the fiscal strategies of Peter Costello, which begs the question – even from David Speers – “Why not any of the Liberal Treasurers since, such as Hockey, Morrison or Fryenberg?”
All of which leads me to remind everyone yet again that Jane Hume is one of the best media performers that the Liberals have. This, and the fact that Dutton and that woman who changed her name because of numerology and who bought an apartment on a whim, Suss Ley, are leader and deputy are the reasons that nobody could possibly entertain a vote for them…
Yes, Labor aren’t perfect and it was certainly true that being better than Coalition government was a low bar to get over, and yes, it’s so low that they may have tripped on it occasionally, but I don’t see that you can’t say that they’re no better than the Opposition… to be perfectly honest, I tend to think that the Abbott front bench had more quality than the current shadow cabinet. I mean, at least you knew the Mysoginist For Women (Tony himself) was just going to do nothing, while the current shadow minister for women, Sussan Ley, can’t even spell her first name properly…
I’d be a fool to try and predict the next election this far out, but it’s hard to see Dutton winning!
Then again, I thought that about more unelectable bastards than I care to remember…
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