Monday I see another report about a young couple that have surmounted the work trap and managed to retire by the age of forty. Well, actually, I didn’t read the article, but that is what I surmise from the headline. From the number of such headlines I would assume that it is an aspiration in the peculiar zeitgeist that passes as the modern world. Why would … [Read more...]
Between Scylla and Charybdis
Wednesday The situation of being between Scylla and Charybdis is a state that small business knows well. It is otherwise known as being between a rock and a hard place. The simple truth that ‘people build civilizations and governments destroy them’ seems terribly hard for people to grasp. Yet, it is profoundly obvious. It is private business that is the … [Read more...]
Australian Employment
Thursday I pulled this graph out of an article that expressed concerns about the downtrend in Australian jobs. The graph shows job ads and, understandably, it has proven a reliable indicator for future employment trends.The article didn’t mention the cause of the drop. The Liberal Party dropped a vote-winning Prime Minister in a palace coup and elevated a left-wing … [Read more...]
Zombieland
Wednesday Central bank bluster notwithstanding, interest rates will continue to trend downward. It can be no other way. The servicing of sovereign zombie debts insists that interest rates don’t rise. And then there are the zombie debts and zombie jobs of the zombie corporations that facilitate employees taking on their own zombie loans. The aggregate of all that is what … [Read more...]