tip off

A prediction by Keane

Pure Poison IconBernard Keane in Friday’s Crikey daily email, calling bullsh*t on more contrary-to-the-facts business lobby whinging about every difficulty they face being the fault of the government:

We need a name for this — we’re calling it Whinger Whack-A-Mole. Business leader after business leader sticks their head up to blame Julia Gillard for all their own failings and says that investors were turning away from Australia. We at Crikey whack them with facts. Rinse, repeat. Well, someone has to do it, because the rest of the media don’t appear interested in doing it.

It’s an excellent article, as Crikey subscribers will have already seen, but I’d like to highlight Bernard’s prediction of this week’s reporting on the ABS figures. I wouldn’t want to put any money against it:

Next week, the Australian Bureau of Statistics will produce the March quarter private investment figures. There will no doubt be some changes on the downside, especially in manufacturing, as the strong dollar’s impact continues. A flattening, or easing in the growth in resource investments is also expected by some in the market. That will be greeted with “the boom is over” headlines, but what many will ignore is that investment is holding up, unlike in China, where foreign investment has been falling for much of the past six or so months, or Europe.

Bah, China! Bah, Europe! Context is the tool of the devil.

Anyone want to bet against Keane being right on this week’s coverage?

6
  • 1
    shepherdmarilyn
    Posted May 26, 2012 at 8:58 pm | Permalink

    Yeah, the aluminium industry is worthless, we know it is the fault of the high dollar, the stock piles and low demand but who cares.

  • 2
    Brown Bob
    Posted May 26, 2012 at 9:14 pm | Permalink

    Don’t worry about it – everyone already knows that everything that goes wrong is Tony Abbott’s fault.

  • 3
    sickofitall
    Posted May 26, 2012 at 10:28 pm | Permalink

    Australian business. The biggest role budgets in the country.

  • 4
    sickofitall
    Posted May 26, 2012 at 10:29 pm | Permalink

    Dole bludgers

  • 5
    SHV
    Posted May 27, 2012 at 12:17 am | Permalink

    I’ll have a bet against.

    My reasoning is that Murdoch loves lying about the true state of the economy more than he hates Gillard (in this case).

    This, from Leveson (via ‘medialens’):

    For example, Harold Evans, a former Rupert Murdoch editor at the Sunday Times, described to Leveson how, in 1981, Murdoch rebuked him for reporting gloomy economic news and ‘not doing what he [Murdoch] wants, in political terms’. Evans says that Murdoch came to his home and the two ‘almost ended up in fisticuffs over a piece on the economy.’

  • 6
    Matthew of Canberra
    Posted May 27, 2012 at 11:03 am | Permalink

    “Don’t worry about it – everyone already knows that everything that goes wrong is Tony Abbott’s fault”

    No, that’s not true. Everything is the fault of the carbon tax! My dog won’t bark – carbon tax! My car won’t start – carbon tax! See?

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