Author Archives: bill

Saturday Quiz – November 22, 2014

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

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Friday lay day – freezing in Florence

Friday lay day sees me in Florence, Italy. The G20 waste of time and real resources meeting in Brisbane is now over and the World leaders have departed or are swanning around Australia on goodwill tours aka trough sampling (as … Read the rest of this entry »

Posted in Friday | 2 Comments

UK labour market continues to impoverish its workers

While a lot of focus is given to the necessary reform of the financial sector – like declaring all financial transactions that do not support the real economy (which is about 97 per cent of the total) illegal, there is … Read the rest of this entry »

Posted in UK Economy | 9 Comments

Greece – return to growth demonstrates the role of substantial fiscal deficits

We had news this week that the annual rate of real GDP growth in Greece is finally positive after two quarters of positive growth. The austerity merchants are out in force congratulating themselves on a victory. Some victory. What the … Read the rest of this entry »

Posted in Eurozone | 8 Comments

Japan returns to 1997 – idiocy rules!

The financial press was ‘surprised’ that Japan had slipped back into recession, which just tells you that their sources don’t know much about how monetary economies operate. Clearly they have had their heads buried in IMF literature, which tells everyone … Read the rest of this entry »

Posted in Japan | 8 Comments

Australian Treasurer unqualified to do his job

Australia hosted the recent G20 Meeting in Brisbane and showcased our embarrassing political leadership. Leading into the summit, our Prime Minister had said he would “shirt front” Russian leader Vladimir Putin. Instead he met with the Russian and together they … Read the rest of this entry »

Posted in Economics | 7 Comments

Saturday Quiz – November 15, 2014 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you understand the reasoning behind the answers. If you haven’t already done the Quiz from yesterday then have a go at it before you read the … Read the rest of this entry »

Posted in Saturday quiz | 3 Comments

Saturday Quiz – November 15, 2014

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

Posted in Saturday quiz | 1 Comment

Friday lay day – troubles in Australian universities

Friday lay day – short blog – good – its going to be a very hot day here in Newcastle, NSW today. Today a brief reflection on the latest scandal/crisis to hit the Australian university sector. The Fairfax media this … Read the rest of this entry »

Posted in Friday | 4 Comments

When fiscal policy is misrepresented

On Tuesday, Australians woke to headlines – Treasurer Joe Hockey faces $51 billion deterioration in finances between budget and MYEFO, economists say – and a story of “black holes”. The so-called director of budget and forecasting at a consulting firm … Read the rest of this entry »

Posted in Economics | 7 Comments