If S-from-M understood anything at all about business, he would know that The Market (All Hail The Mighty Market!) was ridiculously overvalued anyway. Especially energy stocks and banks. Which have now crumbled. In the former case, because hey: investing in Yesterday always works, doesn't it? Now if you tried investing in Tomorrow you might make some money. In the latter case, because the halfwits allegedly in charge of the Reserve Bank don't understand monetary policy, and so the banks' margins are getting hammered. (Pro tip from the stable: any cuts in the reserve rate below 3% are ineffective. All they do is produce housing bubbles. Yet they keep on doing it because hey: that's all we know how to do, apparently.)
I am surprised to discover today that my super fund (a mixture of conservative and Socially Conscious - surprise, not) is still $7K ahead of the game this year. Because we invest in tomorrow.
But the moronic creeps who purport to rule over us don't understand what business is. They fetishize it, but they don't know anything about it.
So we have the absurd spectacle of a government which is only worried about The Markets, even though the last week's hammering was nothing more than a long-overdue correction; while the possibility that thousands of elderly Aussies stand in danger of death in overcrowded hospitals doesn't even seem to have occurred to them. Or that casual workers who get quarantined will be expected to fend for themselves and/or starve picturesquely in their hovels.
There is leadership, and there is S-from-M. An actual human might be urging businesses to let as many workers as possible work from home. After all, you don't need to be on-site for so many businesses. If you don't know what your staff do all day then you shouldn't be managing anything or anybody. That might be thing which could seriously take off. You want more productivity in the economy? Let them work from home!
But then: this would imply a leader who knew how to tie his own shoelaces....
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Sociopaths
Date: 2020-03-10 05:25 am (UTC)If S-from-M understood anything at all about business, he would know that The Market (All Hail The Mighty Market!) was ridiculously overvalued anyway. Especially energy stocks and banks. Which have now crumbled. In the former case, because hey: investing in Yesterday always works, doesn't it? Now if you tried investing in Tomorrow you might make some money. In the latter case, because the halfwits allegedly in charge of the Reserve Bank don't understand monetary policy, and so the banks' margins are getting hammered. (Pro tip from the stable: any cuts in the reserve rate below 3% are ineffective. All they do is produce housing bubbles. Yet they keep on doing it because hey: that's all we know how to do, apparently.)
I am surprised to discover today that my super fund (a mixture of conservative and Socially Conscious - surprise, not) is still $7K ahead of the game this year. Because we invest in tomorrow.
But the moronic creeps who purport to rule over us don't understand what business is. They fetishize it, but they don't know anything about it.
So we have the absurd spectacle of a government which is only worried about The Markets, even though the last week's hammering was nothing more than a long-overdue correction; while the possibility that thousands of elderly Aussies stand in danger of death in overcrowded hospitals doesn't even seem to have occurred to them. Or that casual workers who get quarantined will be expected to fend for themselves and/or starve picturesquely in their hovels.
There is leadership, and there is S-from-M. An actual human might be urging businesses to let as many workers as possible work from home. After all, you don't need to be on-site for so many businesses. If you don't know what your staff do all day then you shouldn't be managing anything or anybody. That might be thing which could seriously take off. You want more productivity in the economy? Let them work from home!
But then: this would imply a leader who knew how to tie his own shoelaces....
*exit, mumbling in beard*