Comments on: Nelson's interest rate gambit http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/ Life, Culture and Politics from BrisVegas Tue, 14 Feb 2012 05:08:26 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Bingo Bango Boingo http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213680 Bingo Bango Boingo Tue, 02 Sep 2008 12:20:24 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213680 Yes, and my opinion of Turnbull is diminishing by the day as he persists in throwing Rudd and Swan idiotic questions like 'why has the economy slowed since you guys got elected'. It can't be fooling many. BBB Yes, and my opinion of Turnbull is diminishing by the day as he persists in throwing Rudd and Swan idiotic questions like ‘why has the economy slowed since you guys got elected’. It can’t be fooling many.

BBB

]]> By: Mark http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213679 Mark Tue, 02 Sep 2008 12:11:28 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213679 No probs, pablo. BBB, I would certainly agree that the blame-gaming and credit-claiming on both Rudd and Nelson's sides is gibberish almost completely disconnected from reality. The slowing of the economy isn't due to the election of the Rudd government but nor is the size of the surplus driving the rate cut. No probs, pablo.

BBB, I would certainly agree that the blame-gaming and credit-claiming on both Rudd and Nelson’s sides is gibberish almost completely disconnected from reality. The slowing of the economy isn’t due to the election of the Rudd government but nor is the size of the surplus driving the rate cut.

]]> By: pablo http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213678 pablo Tue, 02 Sep 2008 08:31:00 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213678 Yes of course thanks Mark Yes of course thanks Mark

]]> By: Bingo Bango Boingo http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213677 Bingo Bango Boingo Tue, 02 Sep 2008 08:27:57 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213677 Wait, this so-called convention is precisely one Government old? Some convention! Alright alright, that's a cheap shot in view of how long Australians kept rejecting the ALP and its programme. We're now all aware that Keating has admitted interfering in what should always have been an apolitical decision making process. He didn't have the decency to formalise independence. Costello, to his everlasting credit, did. Unfortunately for Keating's acolytes his admission, which was made and manufactured to deflect responsibility for the catastrophic economic circumstances of the early 90s, now looks a little pathetic. He didn't grasp the bigger picture or have a fully formed vision of what independent monetary policy could be. But it doesn't really matter, does it? Nelson is making a complete fool of himself while Swan and Rudd get to ludicrously claim that their solid budget surplus, an extremely marginal and inconsequential factor in monetary policy, is the alpha and omega of today's RBA decision. Check this line out: "The savings we put in place, the delivery of the tax cuts, the creation of the investments funds were all put in place to create the environment and to make the room for the Reserve Bank to bring rates down." Simple, outright, bald-faced lies. And bizarre inconsistent lies at that: "The savings made this happen. No wait, the tax cuts [the opposite of government 'savings] made this happen. No wait the investment funds that have not yet spent a cent made this happen." What an embarrassment. I do not expect any serious analysis of this monstrous deception, here or elsewhere. BBB Wait, this so-called convention is precisely one Government old? Some convention! Alright alright, that’s a cheap shot in view of how long Australians kept rejecting the ALP and its programme. We’re now all aware that Keating has admitted interfering in what should always have been an apolitical decision making process. He didn’t have the decency to formalise independence. Costello, to his everlasting credit, did. Unfortunately for Keating’s acolytes his admission, which was made and manufactured to deflect responsibility for the catastrophic economic circumstances of the early 90s, now looks a little pathetic. He didn’t grasp the bigger picture or have a fully formed vision of what independent monetary policy could be. But it doesn’t really matter, does it? Nelson is making a complete fool of himself while Swan and Rudd get to ludicrously claim that their solid budget surplus, an extremely marginal and inconsequential factor in monetary policy, is the alpha and omega of today’s RBA decision. Check this line out: “The savings we put in place, the delivery of the tax cuts, the creation of the investments funds were all put in place to create the environment and to make the room for the Reserve Bank to bring rates down.” Simple, outright, bald-faced lies. And bizarre inconsistent lies at that: “The savings made this happen. No wait, the tax cuts [the opposite of government 'savings] made this happen. No wait the investment funds that have not yet spent a cent made this happen.” What an embarrassment. I do not expect any serious analysis of this monstrous deception, here or elsewhere.

BBB

]]> By: Mark http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213676 Mark Tue, 02 Sep 2008 07:51:37 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213676 Pablo, I think you mean "Emo Man". "The Beazer" = Kim Beazley. Pablo, I think you mean “Emo Man”. “The Beazer” = Kim Beazley.

]]> By: pablo http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213675 pablo Tue, 02 Sep 2008 07:49:01 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213675 On that same Lateline interview, the Beazer mentioned his wife (No 3) in the context of how he would be remaining strong/resolute as Opposition leader. While I agree with the 'media tart' analogy I'm getting the feeling that adversity - the polls, Cossie, an ETS - are only making Brendan a more hardened, more shrill performer. For someone who once flirted with Labor we have to be sceptical that Nelson has any deep political motivations. Power is the aphrodisiac and I would like to know more about wives 1,2 and 3 - strictly in the political power sense mind you. On that same Lateline interview, the Beazer mentioned his wife (No 3) in the context of how he would be remaining strong/resolute as Opposition leader. While I agree with the ‘media tart’ analogy I’m getting the feeling that adversity – the polls, Cossie, an ETS – are only making Brendan a more hardened, more shrill performer. For someone who once flirted with Labor we have to be sceptical that Nelson has any deep political motivations. Power is the aphrodisiac and I would like to know more about wives 1,2 and 3 – strictly in the political power sense mind you.

]]> By: Mark http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213674 Mark Tue, 02 Sep 2008 07:24:41 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213674 Historically, BBB? It would be fair to point out that the convention didn't exist before the independence of the Board was guarenteed by Costello in 1996. Keating was well within his rights back in the day, and if we're to believe him now, exercising restraint was a dumb move - because his recession was actually Bernie Fraser's! ;) Re - the Beazer, I think I'm with Howard C. The Libs would be better off keeping their heads down. It's the relevance/media tart syndrome that's doing them in (among other factors - but it accentuates those). Historically, BBB? It would be fair to point out that the convention didn’t exist before the independence of the Board was guarenteed by Costello in 1996. Keating was well within his rights back in the day, and if we’re to believe him now, exercising restraint was a dumb move – because his recession was actually Bernie Fraser’s! ;)

Re – the Beazer, I think I’m with Howard C. The Libs would be better off keeping their heads down. It’s the relevance/media tart syndrome that’s doing them in (among other factors – but it accentuates those).

]]> By: Bingo Bango Boingo http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213673 Bingo Bango Boingo Tue, 02 Sep 2008 04:14:34 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213673 An unjustifiable act, but at least it's a public act. Historically when the ALP interferes with Reserve Bank decision-making in government it simply does so behind closed doors. No silly talk about conventions that way. Hopefully Swan's quite proper refusal to give the RBA public advice extends to the private sphere. BBB An unjustifiable act, but at least it’s a public act. Historically when the ALP interferes with Reserve Bank decision-making in government it simply does so behind closed doors. No silly talk about conventions that way. Hopefully Swan’s quite proper refusal to give the RBA public advice extends to the private sphere.

BBB

]]> By: Howard C http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213672 Howard C Tue, 02 Sep 2008 03:58:56 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213672 Sometimes the best thing to do is very little. What can Nelson actually achieve at the moment? Better to be quiet and give the MSM only the government to write about. Sometimes the best thing to do is very little. What can Nelson actually achieve at the moment? Better to be quiet and give the MSM only the government to write about.

]]> By: professor rat http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213671 professor rat Tue, 02 Sep 2008 03:25:36 +0000 http://larvatusprodeo.net/2008/09/02/nelsons-interest-rate-gambit/#comment-213671 BRENDON NELSON gets nut caught on penis! Oh wait...sorry...that was a Malaysian welder. I got the two mixed up. My bad. Carry on. BRENDON NELSON gets nut caught on penis!

Oh wait…sorry…that was a Malaysian welder. I got the two mixed up. My bad.

Carry on.

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