Pascoe serves it up, again.

The national economic journalistic equivalent of “Tell it like it is” Dr Phil, Michael Pascoe, hits the nail on the head once again with this piece on why we shouldn’t expect a rate cut. Not only do we see Soloman Lew cop a serve, so too does our beloved Ross Gittins and the remaining south-east structural change-deniers, finally wrapping up with props to Mackay, Qld. Can he be stopped? More…

(ED: Special extra points for the Basel III tip too).

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Pascoe Pumps Up the Jam.

Queensland, day 1 post-election and Michael Pascoe gives his perspective on what’s happening in the Sunny State. His experience at an earth-moving equipment auction (Ed:Why, How?) is insightful: “The auction was a small indication of the extent of a resources and capital investment boom that most Australians still don’t quite comprehenda boom that is still building and is yet to fully filter through to other parts of the economy.” He continues “Even in south-east Queensland, there is plenty of ignorance of what is happening in Gladstone, Mackay and the central Queensland coal fields.” More…

Let me draw you a picture

Out of the 601 suburbs Ed: (why 601???) in Smart Investor magazine’s Top 601 Suburbs report, only 19 are expected to show price appreciation of more than 5% with three in Queensland. Let me make it simple, here’s a picture for those interested in where to find capital growth in Queensland.

 

Island Man-cation

Brewers of XXXX Gold have taken a lease on Pumpkin Island located on the southern edge of the Great Barrier Reef. In a stroke of marketing genius XXXX intend to run ongoing promotions featuring the island and the man-cation of a life-time. So you too can be part of Dave’s support network (sorry, that’s Carlton Mid). More…

Ed: Know of a local fisherman who ‘ran-aground’ on Pumpkin Island. Beginning to understand why…