Today (March 29, 2023), the Australian Bureau of Statistics (ABS) released the latest ‘monthly’ CPI data – Monthly Consumer Price Indicator – which covers the period to February 2023. On an annual basis, the monthly All Items CPI rate of increase was 6.8 per cent down from 7.4 per cent. While this signals a sharp…
Music
In the latest IMF Finance and Development journal (March 2023), there is an interesting article by the former governor of the Bank of Japan, Masaaki Shirakawa – It’s time to rethink the foundation and framework of monetary policy. It goes to the heart of the complete confusion that is now being demonstrated by central bank…
Channel 5 News came to Leicester to film Unglamorous workshops and talk with members of the bands. Here's the report:
The transitory view of the current inflation episode is getting more support from the evidence. Yesterday’s US inflation data from the Bureau of Labor Statistics (March 14, 2023) – Consumer Price Index Summary – February 2023 – shows a further significant drop in the inflation rate as some of the key supply-side drivers abate. All…
On IWD 8th March, we launched a Kickstarter project to raise the money to make a sampler album with eight of the Leicester all-women bands on it. It's an ambitious project, and we're in need of some big inputs in the next two weeks if the Kickstarter is to become successful.
Yesterday (March 7, 2023) two big things happened. The first is that I got a lovely bunch of sunflower blooms for my birthday present. Which was ace. The second, the RBA Board wheeled out the governor to announce the 10th consecutive interest rate rise even though inflation has been falling for several months. The RBA…
Given yesterday’s extensive National Accounts analysis replaced my usual Wednesday blog post, I am using today to discuss a range of issues and provide a musical interlude into your lives for peace. Yesterday’s bad National Accounts data release took the headlines away from another data release from the ABS yesterday – the monthly CPI data…
Music industry says it's fine to be a woman in music so long as you are well-groomed, beautiful, young, slim, good-natured, articulate, desirable, charming and possess incredible talent. If you're Tina Turner, Joni Mitchell or Debbie Harry it's ok because you used to be all those things and even after the age of 70, you can be 'looking good for your age'.
It’s Wednesday and a lot is going on. The RBA governor appeared before the Commonwealth Senate Estimates Committee today and demonstrated what a troglodyte he is, defending massive bank profits and deliberately trying to cause unemployment. Meanwhile, US data shows that inflation has peaked and is now falling. The pace of the deceleration is picking…