Open Forum: March 5, 2011

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770 Responses to Open Forum: March 5, 2011

  1. daddy dave

    Newspoll, Essential, and now Morgan have all found the same thing, pretty much.

    These are terrible poll numbers. This is driving-off-a-cliff territory. How come the Press Gallery select on Insiders have been telling us that everything is great? I feel betrayed.

  2. Infidel Tiger

    Under/Over on how many hours before Bob Brown comes on TV blaming the earthquake/tsunami on the Australian Coal Industry?

    I’ll guarantee the mincing Marmite miner works in something about nuclear power being dangerous too.

  3. JC

    How come the Press Gallery select on Insiders have been telling us that everything is great? I feel betrayed.

    because most people cannot bowl past their inherent bias. The only people that I know that can do that successfully are traders as the best traders have no bias.

    They (Insiders crew) also have no feel for what is happening and the thinking in voter land. They can’t spot big turns in the political market place.

  4. JC

    I give you an example. I hate the Japanese yen with every fiber of my being, but as soon as I heard the story, I bought back my short in Yen and doubled up the other way as I believe the destruction will be hugely de-stabilizing to the financial markets as the Japanese begin to draw down liquidity from the rest of the world they are owed in order to pay for the reconstruction effort. You can’t have a bias in analysis.

  5. C.L.

    Bad call by Bolt earlier today. Discussing the Gillard-Rudd civil war, he said we’re now a nation with two prime ministers. But it’s three, actually. We have Gillard, Rudd and Brown. Gillard believes she can turn down the planet’s thermostat with a tax, Rudd believes he can bring peace to the Middle East and Brown believes the recent (historically unremarkable) floods were caused by coal-miners. Facilitating this clinically deranged vaudeville, we have Tony Windsor, apparently battling menopause, and Rob Oakeshott – a man who makes Richard Simmons look like Maximus Decimus Meridius. Robbie will have his tanty against the National Party’s ute-drivers and pig shooters in this life or the next! On the sidelines are such players as Andrew Wilkie who is frightened of poker machines and Little Paulie Howes who has launched some kind of leprechaun’s jihad against business on behalf of high school dropouts everywhere. Quite simply, this is the worst, most laughable, most weird and most dysfunctional ‘government’ in the history of modern Anglophone nations.

  6. Myrddin Seren

    USGS eathquake maps showing lots of aftershocks off the Japanese coast – and some of them would be big in their own right, let alone as aftershocks.

    This is looking grim.

  7. Infidel Tiger

    Hawaii’s expecting it soon. Honolulu and Waikiki are being evacuated. Fucking unbelievable.

  8. Gabrielle

    Seismologists have estimated tsunami to reach Indonesia between now and 11pm.
    53 countries have been advised of tsunami heading their way.
    Pray for them.

  9. Myrddin Seren

    Plenty of +5 aftershocks continuing off Japan at the USGS earthquake service.

    A 4.5 plus plenty of fore and aftershocks in the Hawaiian Islands too. Pacific plates rocking at the moment.

  10. jumpnmcar

    The nuk power station on fire. cooling tower failure.Holy shit

  11. Infidel Tiger

    One of the buoys at Midway recorded at 1.5m wave coming through. Apparently that’s not good news.

  12. Gabrielle

    Nuclear plant not on fire. It’s the oil refinery.
    One nuclear plant has no electricty and the powers that be have been working on it to ensure cooling is maintained. No radioactive leakage.

  13. Michael Fisk

    This may have serious financial implications for the Japanese. Their debt is 230% of GDP. How much cab the borrow or divert for the relief effort.

    This is pretty ugly all round.

    It’s stimulus, JC. Keynesianism is very clear on this: destroying your country’s capital structure through war or natural disaster leads to a boost to aggregate demand. Any of our resident Keynesians would be able to confirm that for you.

  14. sdfc


    Dude, you’re from Perth. It’s the most isolated place on earth, so STFU with wide claims about the most complex nation on earth as you have no fucking idea.

    Spare me your US sychophancy.

    Its health system is expensive and inefficient.

  15. JC


    Of course it’s a stimulus. :-)I said this earlier by the way. Here:

    It’s a stimulus in the long run, tiger.

    I’m full throttle in support of destroying large swathes of a nation’s productive assets to provide a boost to aggregate demand.

    In fact if the Japanese remain cool about this and not panic, they would also see it as perhaps the greatest opportunity to increase aggregate demand in several generations.

    At the present time they would have to be the luckiest people on the planet. Who is given an opportunity like this? Yea Qld of course, but that was only on a small scale.

    Lucky bastards is all I can say.

  16. C.L.

    So the Japanese earthquake is actually good news from a Keynesian perspective? Wow.

  17. JC

    Spare me your US sychophancy.

    LOL….You’re doing a great impersonation of Johnny Pilger.

    Its health system is expensive and inefficient.

    No it’s not, you bigmouth. You described the US health system as shithouse. It’s anything but shithouse. As I said it’s the best system in the world , even compared to cuba’s 🙂

    You’re confusing the health system, which what someone uses when they’re sick and the health insurance system, which are two entirely two different things.

    It’s insurance system is a mess, helped along of course by the moron in the White House at present. However if one is sick there is no better place to go in the world.

    As I said, being isolated doesn’t help your understanding of complex matters.

  18. JC

    So the Japanese earthquake is actually good news from a Keynesian perspective?

    Yep. Darn right. That’s why I always felt that the Lurch/Rudd plan to insulate and burn houses down was perhaps the best perpetual stimulus money could buy. What could go wrong?

    Insulate and burn. Insulate and burn… keep doing it and every single Australian would have become a millionaire.

  19. Gabrielle

    Hawaii’s expecting it soon. Honolulu and Waikiki are being evacuated. Fucking unbelievable.

    Isn’t Gillard in Hawaii? Or on her way?

  20. daddy dave

    also, JC, the fact that there are more obese people has nothing to do with the “health system.” But of course the British don’t believe that…

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