… on Geraldine Doogue’s Saturday Extra on Radio National today.
It’s all about investing in economic rents and Ponzi schemes, Alan, and expecting everyone else to pay for your “profits”.
Rent-seeking up: real wages and profits down. It aint rocket science why things are shaping grim.
One thought on “ALAN KOHLER HAS ISSUES WITH BOND, PROPERTY MARKETS”
One issue I have with all these mainstream commentators is their insistence that the global economy is strengthening based on improving GDP and unemployment figures. Both these metrics need to be properly discussed as to how they are derived and how relevant they now are at measuring the health of an economy.
To me both measures are farcicle.
GDP can increase due to Government waste, pork-barrelling, buying votes and mal-investment and someone working one hour a week is considered employed. It’s a joke.