Double – Dutch With A Chinese Translation

Double – Dutch With A Chinese Translation

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It’s becoming more obvious that Australian politics is nothing more than smoke and mirrors. Fort Fumble this week released its Asian Century. Australian business leaders doubt the government has the determination or resources to carry out the ambitious proposals – flat reception for white paper. Alan Kohler wrote on Business SpectatorWhite paper, wish paper reading the white paper called “Australia in the Asian Century” is a very surprising and uplifting experience: it lists all these wonderful things that are going to happen to our nation by 2025. I had no idea.

I did read the white paper which took me back to the CEO – Pulse where last quarter the CEO scorecard for the government’s performance in managing the economy was steady at 2.9 out of 10.

Remember the aim of past Treasury Secretary, Ken Henry’s tax review, was to have a root – and – branch look at the Australian tax system by designing something that would/should position Australia to best deal with the challenges that lie ahead? History shows that next to nothing eventuated from the proposals so I believe my cynicism is well founded. Australia’s governments are not in a financial position to fund such far- fetched, imaginary proposals.

I’ll keep harping on because I believe Australia’s infrastructure problems have now reached diabolical proportions simply because we can’t afford to fund progress.

BUY PRINT

Future Fund not an infrastructure dump ground: Costello which is a very fair assessment – it should not be used as a “dropping pond” for bad assets. Biggest embarrassment of the week $1b error: NSW swings from deficit to surplus – hello! Only incompetent fools could make such an embarrassing error.

This takes me to the best article of the week (in my opinion) by Robert Gottliebsen – Removing the bloat from the public service. “Today’s graphs from Accenture should scare every Australian. We can’t even contemplate being a leader in Asia until we tackle the abysmal state of our federal, state and local public services. The inefficiency and waste in these public services is sucking Australia dry and Accenture warn that unless we do something about it, our ageing population means that Australia faces a grim future funding squeeze.”

Two weeks ago we reported that the number of Mosman houses on the market was 22 percent down on this time last year. Last week saw a slight increase to 23 percent, this week it has climbed to 27 percent. We still predict this figure will jump as high as 35 percent in coming weeks.

Source: Domain Property Monitors

    MOSMAN – 2088

    • Number of houses on the market last week– 119
    • Number of houses on the market this week – 114
    • Number of houses on the market this time 2011 – 155
    • Number of apartments on the market last week – 101
    • Number of apartments on the market this week – 92
    • Number of apartments on the market this time 2011 – 110

    CREMORNE – 2090

    • Number of houses on the market last week– 13
    • Number of houses on the market this week – 15
    • Number of houses on the market this time 2011 – 16
    • Number of apartments on the market last week – 20
    • Number of apartments on the market this week – 15
    • Number of apartments on the market this time 2011 – 35

    NEUTRAL BAY – 2089

    • Number of houses on the market last week – 20
    • Number of houses on the market this week – 20
    • Number of houses on the market this time 2011 – 18
    • Number of apartments on the market last week – 50
    • Number of apartments on the market this week – 56
    • Number of apartments on the market this time 2011 – 98

    For this week’s sales in Cremorne real estate, Cremorne Point real estate, Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Neutral
    Bay real estate, Cammeray real estate.
    • Click Here

    For this week’s open for inspections
    • Click Here

Bear in mind that Fort Fumble is pinning its hopes on a property boom to raise revenues. This would end in an economic catastrophe. Rate cuts won’t stimulate housing market whether passed on in full or not: CBA chief executive Ian Narev, which is a correct assessment because as rates fall, homeowners  accelerate the paying down of personal debt.

Julia Gillard’s Fort Fumble would do better to address why, new home sales hit 18 – year low: HIA. The HIA new home sales report showed home sales in Australia declined 3.7 percent in September, the third consecutive recorded monthly fall. Our governments should read – Infrastructure investment the only way to stimulate the housing market: Catherine Cashmore. Although, I am far from convinced that many factors, including the weather, conspiring against construction recovery.

Australia has just the one bubble – the one that our governments reside in! Australian property bubble argument misguided: BT Group. Forget a Melbourne Cup cash rate reduction – next RBA rate movement likely to be in February: Mark Bouris.

So much maintenance to do in Australia: Australia’s super system is a national disgrace and Peter Costello lashes out at Super managers who should be remunerated on performances, not losses.

Outgoing Productivity Commission chairman today has damned Labor’s reform agenda – Banks slams failures in productivity. Have a good look at his ‘wish list’ its most impressive.

My message to Julia Gillard’s Fort Fumble – if bullsh!% was music, your government would be a brass band! Address the Australian issues of today, not 2025. Problem for politicians is that they all suffer from selective hearing.

Politics in Australia is poll driven – performance means little!

Cheers ^__^

2 Responses to “Double – Dutch With A Chinese Translation”

  • Gordon says:

    Ah, yes, the Asian Century!

    Now why does that sound so familiar?

    Possibly because it gets dusted off and delivered whenever a Labor Prime Minister (Whitlam, Keating, Gillard), in trouble because the public is getting fed up with poor policy piled on pitiful performance, badly needs a sideshow to provide a distraction.

    Misrepresented misogyny last week, the Asian dream this week. What’s next – the ACTU All-Stars telling us we’ve never had it so good? 😉

  • My 19 Year old son is so fired up over all of this.. his generation will pay dearly it seems.

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