The Glass Pyramid

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Uber decides to try the power of persuasion – About time!

By The Glass Pyramid on 12/02/2015 • ( Leave a comment )

This comment was made at Macrobusiness  (link may be locked – but there is a free trial available) What is this prestige requirement for hire cars? That sounds unlikely, just because some […]

Low interest rates – the magic pudding myth of a chronic CAD Country

By The Glass Pyramid on 12/02/2015 • ( Leave a comment )

This comment was made at Macrobusiness  (link may be locked – but there is a free trial available) Flawse, “…The point is that none of it is aimed at getting production aimed […]

Is fixing our broken private debt driven economic model Mission impossible?

By The Glass Pyramid on 12/02/2015 • ( Leave a comment )

This comment was made today at Macrobusiness  (link may be locked – but there is a free trial available) Flawse, Your inflexible bladder analogy is over stating the position. Sure the economy should […]

What is the final destination for Oz – ZIRP or NIRP?

By The Glass Pyramid on 12/02/2015 • ( Leave a comment )

This comment was made at Macrobusiness  (link may be locked – but there is a free trial available) If overseas central banks are exploring NIRP Australia could attract capital simply by being […]

Don’t anybody mention the war (Household Debt)

By The Glass Pyramid on 12/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked but there is a free trial available) http://www.macrobusiness.com.au/2015/02/treasury-greybeards-warn-australian-financial-crisis/#comment-1086849 Not sure about retired Treasury officials, but is pretty clear that the […]

Our addiction to low interest rates and off-shore debt is killing Oz car manufacturing No. 1

By The Glass Pyramid on 11/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/ford-threatens-early-exit-jobs-shock-looms/#comment-1082885 It is a crying shame that we adopted policies that bloated our exchange rate with sales of public and […]

APRA shops for a Macro-Prudential chastity belt

By The Glass Pyramid on 11/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/housing-finance-rockets/#comment-1083174 APRA are still window shopping on eBay looking for a Macro Prudential Chastity belt that does not restrict movement. […]

Will Chinese Factory workers forgive Oz Household Debts?

By The Glass Pyramid on 11/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/apra-must-rein-property-1890s-time/#comment-1084405 The answer to that question is that they will not but then none of the IOUs issued by Australian […]

Why Australia is not like Texas

By The Glass Pyramid on 11/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/abbottalypse-destruction-mushrooms/#comment-1082523 Nor, There are still plenty of places in the US where land costs are low. In Australia, in a […]

Interest rate cuts – Extend and Pretend

By The Glass Pyramid on 11/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/abbottalypse-destruction-mushrooms/#comment-1082505 Yep The half life of the current extend and pretend policies; Bait rates to ZIRP and NIRP FTAs FIRB […]

Oz Car manufacturing sacrificed for low interest rates and off shore debt

By The Glass Pyramid on 11/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/ford-threatens-early-exit-jobs-shock-looms/#comment-1083095 I think it is worth keeping in mind that the ongoing but gradually reduced protection of the motor vehicle […]

Is it fair to only restrict foreign ownership in Agricultural Land?

By The Glass Pyramid on 11/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/coalition-tighten-foreign-agricultural-investment/#comment-1084355 The solution to that problem is to restrict foreign investment in residential property to new builds. That way farmers […]

Time for a Productive Foreign Investment Approval and Audit Authority.

By The Glass Pyramid on 11/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/coalition-tighten-foreign-agricultural-investment/#comment-1083744 It will be interesting to see how this works in practice with Mr Robb trumpeting FTAs where no questions […]

How will our oz Pollies respond to the economic headwinds?

By The Glass Pyramid on 10/02/2015 • ( Leave a comment )

http://www.macrobusiness.com.au/2015/02/australian-property-big-fat-sell/#comment-1078737 There are plenty of heads winds. Not least being the $95B of household disposable income disappearing down the gullet of the banks to pay interest on household debt mountain. Paying down […]

Currency Wars are a war of choice – Just say no to cheap predatory capital inflows.

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/weekend-links-7th-8th-feb-2015/#comment-1069419 Very nice graphic and fits in with that story above about how the Chinese are not likely to sit […]

Trade deficit for 2014 a stinker for a Mining Boom Country

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked http://www.macrobusiness.com.au/2015/02/trade-deficit-halves-december/#comment-1054729 Superb effort by an economy enjoying a once in the lifetime mining boom. A deficit of $2.26 B Just […]

Macro Prudential – the great white hope.

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/mb-victory-lap/#comment-1055137 “….However, they may still succeed with their own brand of behind-the-scenes prudential tightening. Let’s hope so….” Why would APRA […]

Was the RBA February cute really about the $AUS or the Debt Machine as usual?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/bloxo-addresses-rba-wedgie/#comment-1056844 More to the economy than houses? Like what? Even the Governor is clear that the cost of money is […]

Could the LNP lose in NSW in March 2015?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/backbenchers-call-dead-duck-resign/#comment-1057108 I can’t see the LNP losing in NSW. The ALP in NSW has been in a psych ward for […]

Abbott, electronic graffiti and better policy

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/abbott-nails-foreign-property-investment-reform/#comment-1057122 Ironic how the only smart thing the government is doing was driven largely by a campaign of electronic graffiti. […]

Is cutting rates now a bit desperate?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/predicted-rate-cut/#comment-1059703 Yes, My preference is that they are not talking about currency simply because the objective of the cuts remains […]

Is the RBA joining the ranks of the currency manipulators?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/us-iron-ore-ceo-says-oz-manipulating-currency/#comment-1058526 That CEO is exactly right. It is quite clear that while the RBA are refusing to admit it the […]

Is Malcolm more worried about his colleagues?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/malcolm-hits-phone/#comment-1057759 I don’t think the ALP are what Mr Turnbull has to worry about. The radical neo-liberals and religious extremists […]

Gov Glenn visits the LNP Party room to explain how 0.25% will fire up the Debt Machine.

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/glenn-stevens-attend-cabinet/#comment-1058280 You guys don’t need to speculate The meeting was video taped. Glenn and his Treasury Buddy explained at some […]

Does the RBA and the Government know what they are doing?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/canberra-awakes-economic-nightmare/#comment-1060580 Very good but lets believe it when we see it. The government has said nothing that suggests it has […]

The problem of exchange rate volatility

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/foreign-worker-visa-fraud-edges-towards-slavery/#comment-1061441 Restrict the unproductive capital inflows and you will get an exchange rate that better reflects our trade performance. Sensible […]

Foreigners workers and unemployment – a political problem approaches?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/foreign-worker-visa-fraud-edges-towards-slavery/#comment-1061237 “…now is entirely the wrong time for the Abbott Government to be further relaxing foreign worker visas,…” As we […]

Do Aussies seem to want to pay more tax?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) http://www.macrobusiness.com.au/2015/02/aussies-seem-want-pay-tax/#comment-1061743 I think it may be sarcasm. Hard to tell – The conversation is full of fluff like this – […]

Residex stats and the Sydney Housing Market

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was originally made at http://www.macrobusiness.com.au (some of the links may be locked). http://www.macrobusiness.com.au/2015/02/residex-sydney-housing-bubble/#comment-1065019 We can watch with interest just what APRA does, publicly and quietly over Monte Carlos, in the […]

Should interest rates be used to ‘manipulate’ the exchange rate?

By The Glass Pyramid on 07/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked) in response to a post about the RBA rate cute. http://www.macrobusiness.com.au/2015/02/nobody-clue-australias-real-problem/ “…….,Rate cuts to 1% will push the Aussie to […]

RBA cuts in February and everyone is a joker!

By The Glass Pyramid on 04/02/2015 • ( Leave a comment )

This comment was made this week at http://www.macrobusiness.com.au  (link may be locked http://www.macrobusiness.com.au/2015/02/rba-slashes-rates/#comment-1055988 Andy, Just imagine the smiles at Coca Cola if Joe Hockey announced that the Dept of Food was going […]

Shark bait: Has Mr Abbott gone swimming with some chops around his ankles?

By The Glass Pyramid on 31/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) Yep – Abbott is […]

Australia: The lucky ‘CAD’ country?

By The Glass Pyramid on 30/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) The fun will really […]

Is there already enough housing supply? Not on your nelly.

By The Glass Pyramid on 30/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) There is always the […]

Bill Evan’s Tea Leaves – RBA Feb Meeting

By The Glass Pyramid on 30/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) Well that was entirely […]

Yanis Varoufakis: It is a thing!

By The Glass Pyramid on 30/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) While not wishing to […]

How shaky is China?

By The Glass Pyramid on 08/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) That linked Michael Pettis […]

Record low interest rates are never normal

By The Glass Pyramid on 08/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) US interest rates have […]

Can free money motivate people?

By The Glass Pyramid on 08/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) “…Looks like free money […]

Can housing construction solve the rising unemployment

By The Glass Pyramid on 08/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) The catch with housing […]

Deflation in Europe on the menu?

By The Glass Pyramid on 08/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) Yes – Mr Pananikos […]

A New Year and the game commences…

By The Glass Pyramid on 07/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness click this link. (link maybe locked – but there is a free trial available) It is very exciting watching […]

Dodgy loan broking? – Just a few rotten apples

By The Glass Pyramid on 06/01/2015 • ( Leave a comment )

To read the original version of this comment in the original context at Macrobusiness click this link. (link may be locked – but there is a free trial available) doctorX, Barrels are limited […]

Construction boom yet no room in the Inn.

By The Glass Pyramid on 03/11/2014 • ( 1 Comment )

To read the original version of this comment in the original context at Macrobusiness.com.au click this link. (link maybe locked – but there is a free trial available) Archive Footage: Posted to […]

ACT Light Rail the saga continues….

By The Glass Pyramid on 31/07/2014 • ( Leave a comment )

Click link to original version of this comment at Macrobusiness  (link may be locked – but there is a free trial available) If the ACT pollies need a useful project to keep them busy […]

ACT Light Rail looking shaky

By The Glass Pyramid on 10/07/2014 • ( Leave a comment )

Click link to original version of this comment at Macrobusiness  (link may be locked – but there is a free trial available) Could not agree more.  Having regard to: 1. The practices of the […]

Public Transport stacks up if you tax the land that benefits.

By The Glass Pyramid on 13/06/2014 • ( Leave a comment )

Click link to original version of this comment at Macrobusiness  (link may be locked – but there is a free trial available) + many That point about Tokyo is important – if you are […]

ACT Light Rail costs blowout

By The Glass Pyramid on 28/05/2014 • ( Leave a comment )

Click link to original version of this comment at Macrobusiness  (link may be locked – but there is a free trial available) $600M for 12km is very cheap when it comes to these types […]

Can a special levy save the ACT Light Rail?

By The Glass Pyramid on 22/05/2014 • ( Leave a comment )

Click link to original version of this comment at Macrobusiness  (link may be locked – but there is a free trial available) “…They had also better double-check that the rail is genuinely needed: no […]

If you want light rail in ACT this is how to do it.

By The Glass Pyramid on 30/04/2014 • ( Leave a comment )

Click link to original version of this comment at Macrobusiness  (link may be locked – but there is a free trial available) It may just be election spin designed to appeal to the “big […]

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