The 2014/15 Off Season Thread

[Poupou Escobar]

Why would he need to? The papers know who their readerships are.

 

[Twizzle]

He certainly does.

 

[Poupou Escobar]

Yet his Wall Street Journal is the most liberally biased paper in America, according to that study.

 

[Gary Gutful]

Murdoch is losing his shit these days and is a rambling old fool. So is Gary Player.

 

[Gronk]

This has got to be a joke

Christopher Pyne @cpyne · 7h 7 hours ago
The ABC must not close its production house in Adelaide. Sign my petition: http://chn.ge/14CZONP @KevCorduroy @mscott @891adelaide #auspol

 

[Twizzle]

Pyne is a joke

 

[Gronk]

Umwot ? Is there an expert in bilateral free trade agreements in the house ?

ABC Q&A ‏@QandA 9m9 minutes ago
#QandA RT @smh: Barnaby Joyce concedes Australian food prices will rise as a result of trade deal with China http://ab.co/1yibPRI

 

[Twizzle]

He's probabaly comparing that to the gas prices, when we exported a lot of our gas to China the price went up 400%. If you got a gas car, that sucks

The problem with the FTA with China is the fluctuation in their dollar

 

[Gronk]

He's probabaly comparing that to the gas prices, when we exported a lot of our gas to China the price went up 400%. If you got a gas car, that sucks

The problem with the FTA with China is the fluctuation in their dollar

Pretty sure that the Chinese Yuan hasn't been floated. So their currency remains static and ours bounces around theirs.

 

[Barry O'Speedwagon]

Pretty sure that the Chinese Yuan hasn't been floated. So their currency remains static and ours bounces around theirs.

The Chinese Yuan/RMB isn't quite static. It's basically pegged against the USD, but is allowed to fluctuate within a small percentage range each year. It has appreciated gradually over the past decade or so, but not by as much as a free float would cause. Over the last 10 years it has fallen from just over CNY8:USD1 to just over CNY6:USD1

 

[lingard]

Yawn , Gronk posting a left wing criticism of the Coalition

One question for Gronk, you have a business, would you let the loonies from the left run your finances, seeing at they undeniably incompetent ifinancial managers ( think Swann ugghhh)

Undeniably incompetent because somebody (Tony Abbott and the media) told you they were?

 

[lingard]

'Rupert Murdoch is happy to give his readers what they want.' Thanks, Pou - I've been having a pretty shitty day but you made me laugh. Cheers.

 

[Hollywood Jesus]

The reason food prices may go up is because we may not increase production to match the increase in demand through exports.

When supply outstrips demand, you have inflation.

I don't mean to be rude but is there seriously no one else here that knew that? It's basic economics.

NOTE: I obviously didn't expect Gronk to get it. He's a clueless idiot, but I'm a little surprised that no one else did.

 

[Barry O'Speedwagon]

When supply outstrips demand, you have inflation.

I don't mean to be rude but is there seriously no one else here that knew that? It's basic economics.
.

When supply outstrips demand you have deflation (or at least stagnant prices). It's basic economics.

 

[Barry O'Speedwagon]

Gee, they have a dispute over what to do with a dead whale on a beach:

http://www.abc.net.au/news/2014-11-19/whale-removal-cost-row-deepens/5903576

I'm surprised that nobody has thought of filling it with explosives and detonating them.

 

[strider]

f**kin inconsiderate whales dying on our beaches

 

[bartman]

The reason food prices may go up is because we may not increase production to match the increase in demand through exports.

When supply outstrips demand, you have inflation.

I don't mean to be rude but is there seriously no one else here that knew that? It's basic economics.

NOTE: I obviously didn't expect Gronk to get it. He's a clueless idiot, but I'm a little surprised that no one else did.

I presume you meant to type that the other way around?

 

[Hollywood Jesus]

Hahaha, yeah, I did.

That's f**king hilarious. It's obvious what I meant but that's still ridiculously funny.

D'oh!

 

[Barry O'Speedwagon]

Hahaha, yeah, I did.

That's f**king hilarious. It's obvious what I meant but that's still ridiculously funny.

D'oh!

Well, it is kind of ironic, as you were having a cheeky go at others for not understanding 'basic economics'.

And anyway, even if supply is expanded to respond to a shift in the demand curve (which is what the FTA effectively does), it is very unlikely that prices will return to current levels. It won't be a parallel shift in supply, so 'basic economics' suggests that prices will change (relative to today). That change could theoretically be in either direction, but will likely be upwards as any additional economies of scale are pretty trivial.

Not good or bad...just how it is.

 

[oldmancraigy]

Gee, they have a dispute over what to do with a dead whale on a beach:

http://www.abc.net.au/news/2014-11-19/whale-removal-cost-row-deepens/5903576

I'm surprised that nobody has thought of filling it with explosives and detonating them.

Don't worry mate, they explode themselves eventually.

[youtube]watch?v=7X0hq0ug9q4[/youtube]