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The topic is a sustainable CAD. And what's the purpose of a CAD? We run a CAD to sustain or grow our std of living on borrowed foreign funds. If our std of living is falling, then the CAD is not sustainable because foreign borrowings are not adequately increasing national income (to fund the...

Treasury's view that most new debt is due to productivity investment and not housing, doesn't reconcile with Steve Keen's chart below. Treasury higher investment has been to expand productive capacity, particularly in the export sector — it has not reflected over-investment in housing...

IV, I think you probably understand best that I strive for better risk adjusted returns....hence my preoccupation with forecasting the future and understanding and measuring the downside. I understand talk of the downside frightens the naive and simple minded, who think groups like Mirvac and...

Well, not literally hundreds of times. And in my view recent stellar performance is primarily due to US QE2. What happens to the cost and availability of credit in Australia as QE2 passes, will undoubtedly remain a mystery to Meconium. I shall endeavour to understand it, and discuss it...

Mec, earlier today I read through your recent posts and formed a view on you state of mind..... -> 70% of what you say is vague personal anecdote based on your property investment in the last 7-8 years, all or most of which is in Melbourne. Flaming also features heavily in your posts. Enough...

Treasury warns over costings for the NBN Many won't notice that Treasury was numb before and during the election re this subject. But don't dare think that was political bias. Treasury shifts to RBA's view RBA, Treasury outlooks diverge Strong dollar hits budget bottom line Treasury have been...

Everything is a conspiracy? with subtle discerning insight like that Mec, I am genuinely interested in your education and profession. Interpret it as you will HE. There's multiple holes in Treasury's treatment. i.e. - why is there a drive to get the public purse quickly back into surplus...

This is by far and away the most comprehensive and insightful article I have read re the patency of Australia's current account deficit. Am interested in others' views. Cheers WW