Welcome to Midweek Mayhem!
The thread where it’s on for one and all. People are coming out and saying the weirdest things lately. Last night for example on Insight, Gerry Harvey declared in front of an astonished crowd that “there was no financial crisis and in fact we’re in the middle of an economic boom!”
This from the man who was practically in tears late last year with the prospect of poor Christmas sales.
Meanwhile on the 7.30 report, Malcolm Turnbull was busy blaming the media, and specifically Kerry O’Brien for the Liberal party’s poor polling!
He did also mention that it might be something to do with their ‘unpopular’ decision to oppose the Government’s economic stimulus package, but insisted that the Liberal party is not a party that is interested in making ‘popular’ decisions, which is fair enough I suppose if your objective is to steadfastly remain in opposition. Clearly Malcolm is a man of principles, even if their logic is only be-knownst to him.
There is no shortage of people making ad hoc predictions of where the economy is heading, and no shortage of people willing to believe them.
The reality is (to paraphrase just about every politician) is that no single individual can predict when the market will turnaround, and we will only be able to pinpoint when it did when we look back 12 or 18 months in hindsight.
In the interim, there is no shortage of doomsayers who will continue to get media coverage.