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Keywords: A Ghost Story

  • ARTS AND CULTURE

    Great southern discomfort

    • Barry Gittins
    • 20 December 2022
    1 Comment

    When we reflect on how best to live with the consequences of our shared, bloodied history, The Australian Wars calls for a counter-narrative; a re-positioning and re-phrasing of what has brought us to this point in our oft-stalled journey towards reconciliation.

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  • ECONOMICS

    In finance, story matters most

    • David James
    • 16 November 2022
    1 Comment

    Financial markets are made up of human beings and human beings have always been storytellers — long before science, or modern finance, or accounting even existed. Accordingly, the main skill of successful analysts, advisers, financial gurus and commentators is the construction of compelling narratives. They are, if not exactly creators of fairy stories, not too far removed from it. 

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  • ECONOMICS

    Managestocracy

    • David James
    • 28 October 2022

    Who wields the most power in the world? If one follows the money trail, it becomes clear that Western societies have become ruled by a new type of aristocracy: a management aristocracy. 

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  • ECONOMICS

    Real world problems can’t be solved by finance fictions

    • David James
    • 18 October 2022
    3 Comments

    The world is facing cross-currents: a collapsing financial system that is balanced by the benefits of massive, long term improvements in production efficiencies, mainly because of technological advances. It is a bad news/good news story that can only be seen accurately if the intractable errors of contemporary economics are jettisoned. We are in a battle between finance fictions and reality. 

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  • ECONOMICS

    Out-of-control house prices requires a different approach

    • David James
    • 11 May 2022
    4 Comments

    In purely economic terms, the upcoming Federal election is extremely unusual. The shut down of the Australian economy for almost two years because of health measures really has no precedent in our history. Only war can produce that type of shock. The Federal government’s financial response was as extreme as the state of emergency measures, including a sharp increase in Australian government debt. It remains to be seen, however, if the government gets much credit for injecting so much free money into the economy. It is unlikely.

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  • INTERNATIONAL

    Elon Musk’s Twitter bid exposes ‘financially strange’ media ecosystem

    • David James
    • 19 April 2022
    2 Comments

    Elon Musk’s proposed hostile takeover of Twitter will be a fascinating battle that will have consequences far beyond the stock market. It is exposing just how financially strange social media and conventional media have become. 

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  • AUSTRALIA

    The fable of the frog and the federal election

    • Barry Gittins
    • 21 March 2022
    6 Comments

    Like the trusting frog, voters have in the backs of their minds the inkling that when a government achieves power, they lavish time, energy and resources on staying in power. Promises are non-core, or open to interpretation, or de-prioritised as new issues bob up to the surface.

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  • AUSTRALIA

    Shane Warne’s limelight

    • Binoy Kampmark
    • 07 March 2022
    8 Comments

    It was once said of T. E. Lawrence that he had a tendency to back into the limelight. With the late Shane Warne, arguably the finest slow bowler cricket has ever produced, it edged towards him. His debut appearance against India in the 1991-2 home series in Australia was not auspicious. Paunchy, exuding a vernacular Australian coarseness, and initially wayward, he received an object lesson from India’s Ravi Shastri and the youthful Sachin Tendulkar at the Sydney Cricket Ground. But there were already those incipient signs: the slovenly look, the ear piercings, the peroxide hair.

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  • ECONOMICS

    Why Australia’s rural sector is ripe for financial reform

    • David James
    • 06 December 2021
    4 Comments

    If Australia does draw back from globalisation — as opposed to trade, which will continue — then there should be more focus on our primary sector and how it could be better financed. Australia’s long history as a primary producer constitutes what economists call a ‘comparative advantage’: an economic area in which a country does best while giving up the least.

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  • ARTS AND CULTURE

    Observing October

    • Barry Gittins
    • 11 October 2021
    4 Comments

    I have decided to observe October as a month to observe other people observing things. For me, there was a sense of self crumbling under the weight of being house arrested for the good of all. Gravitas, like gravity, can be crushing; I knew I needed a break from howling at the Moon (16 October is the ‘international observe the Moon night’). So to the calendar I turned.

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  • ECONOMICS

    The battle for the future of money

    • David James
    • 07 September 2021
    4 Comments

    There is a three-way battle looming over the future of money and the stakes could scarcely be higher. Conventional money, mainly debt created by banks — the ‘folding stuff’ is only a tiny proportion of the total — is in trouble. Total global debt is now so large relative to the world economy it cannot be serviced, which is why monetary authorities have resorted to dropping interest rates. When they almost hit zero, the next step was quantitative easing (QE): printing money by getting the central bank to buy back government and corporate bonds and putting them on its ‘balance sheet’. 

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  • ECONOMICS

    When economic policy transcends political division

    • David James
    • 08 April 2021
    5 Comments

    It is one of the ironies of Australian political history that a policy that has profoundly benefited this country’s version of capitalism came, not from the right, but from the Labor party and unions. The mandating of superannuation payments in 1992 under the Keating government has profoundly changed Australia’s financial system.

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