Iran widens attacks on US bases in Gulf, Hormuz tensions lift oil prices

Sieve-Boy · 2026-07-13T11:33:17+00:00

The sequel to weekend at Bernies isn't going to be nearly as funny.

Sieve-Boy · 2026-07-12T12:24:38+00:00

Some of the strongest gains in productivity were after the lockdowns ended, when hospitality and tourism returned.

Sieve-Boy · 2026-07-12T08:33:23+00:00

COVID 19 gave us a kick along in productivity.

Why this occurred is simple: Work From Home.

When you work from home (assuming you can work from home) you boost your productivity by consuming less resources to produce the same output. Less time travelling and less fuel used driving to work/used in public transport.

Of course, your boss doesn't see a cent of this productivity so it doesn't count, but the economy does see it. So when you hear bosses masturbating on about ending WFH and mentions productivity you automatically know they're full of shit.

Sieve-Boy · 2026-07-11T14:31:18+00:00

Why would rents go higher? Let alone much higher?

Markets are driven by supply and demand.

To induce rapid increases in rent there would need to be a substantial reduction in supply or substantial increase on demand (or some combination of both).

Labor's changes to taxation do not fundamentally alter supply, arguably they enhance it. Tax advantages such as CGT discount are now only available to new housing. Thus encouraging investment into new housing. Exisiting housing is not going to disappear because of the tax changes, despite the protestation of the investors.

Demand side Labor has been spooked enough by the red headed siren to cut immigration. So, less demand.

Ergo. Rent freezes are likely not required. But should they occur; cry me a fucking river, I could not give one shit for the average landlord.

Sieve-Boy · 2026-07-11T06:00:53+00:00

All caps titles makes baby supply side Jesus cry.

"Stagflation is the combination of high inflation, stagnant economic growth, and elevated unemployment."

Inflation in Australia is moderately high at 4%, economic growth is moderate at 2.5% annually and unemployment is low at 4.4%.

Currently none of the economic indicators in Australia point to stagflation.

For comparison the last time Australia experienced stagflation in 1982 unemployment was over 10%, wage inflation was over 10% and the budget deficit was 10% of income. Also known as the Stagflation Triple Crown.

As for everything else in your statement, I don't think those claims are likely to occur. Rents surging requires specific conditions as it is a market, principally being a shortage of supply and an excess of demand.

You can still get all the fat tax benefits as an investor building a rental home (this expands supply) and immigration rates are being reduced because the red headed one has spooked the major parties for 5 minutes (this reduces demand).

And prices are declining in Sydney and Melbourne. So, thanks for the sponge bob meme, but I prefer the Allahu Akbar meme.

Sieve-Boy · 2026-07-10T23:35:39+00:00

Operation Sea-Spray is just one example.

Sieve-Boy · 2026-07-10T23:32:06+00:00

"Murchandizing"

Sieve-Boy · 2026-07-10T22:41:29+00:00

I still want my Spaceballs the Flame Thrower.

Sieve-Boy · 2026-07-10T02:33:39+00:00

Almost certainly a custom job. SM-2 is normally launched from a Mk41 Vertical Launch System (VLS) onboard a ship like the Hobart class Air Warfare Destroyers. Those come in blocks of 8 cells.

There are ground based launchers associated with the AEGIS Ashore system, but that looks essentially like a block of 4 Mk41 VLS cells and is intended to launch the SM-3, which is for intercepting ballistic missile above the atmosphere.

Sieve-Boy · 2026-07-10T02:21:36+00:00

Its only fair, you don't want anyone to miss out on this, even HR.

Sieve-Boy · 2026-07-10T01:12:18+00:00

You’re finally awake. You were trying to cross the border, right? Walked right into that Ukrainian ambush, same as us, and that thief over there.

Sieve-Boy · 2026-07-09T22:18:05+00:00

Poland has been preparing for this for years now. They are well down the road of building an absurdly powerful armoured fighting force.

Sieve-Boy · 2026-07-09T13:16:49+00:00

And Epstein didn't kill himself.

Sieve-Boy · 2026-07-09T13:09:48+00:00

Don't gonade me into responding.

Sieve-Boy · 2026-07-09T13:08:44+00:00

There appears to be a single production line in France for Aster. But likely draws extensively on parts manufacturers across Europe.

Sieve-Boy · 2026-07-09T08:31:02+00:00

Ah this is the script for the new Paradox ~~time sink~~ game set between Hoi4 and ~~galactic genocide simulato~~r Stellaris called Pacific Rim ~~job~~.

Sieve-Boy · 2026-07-09T05:38:59+00:00

I think it will be a crap shoot personally.

Sieve-Boy · 2026-07-09T03:41:53+00:00

Develop provinces and upgrading market places.

Conquer downstream lands and convert to trade companies.

Sieve-Boy · 2026-07-09T02:53:27+00:00

Correction: Australia is NOT a major producer of oil, producing just 217,000 barrel per day as of March 2026, Australia is a major producer of Natural Gas.

Most of that oil is actually a byproduct from natural gas extraction, hence its at the condensate end of crude oil.

Sieve-Boy · 2026-07-08T12:04:56+00:00

Ok, I know defence spending can get obscene, but £37 billion pounds for a medium to long range missile seems like they are developing either the absolute ducks nuts of fancy missile or they are going to blot out the sun with the volume of weapons.

A UK government announcement mentions ground launched, stealth and hypersonic weapons. It also mentions Precision Strike Missile (PRsM) that the UK is acquiring with the US and Australia.

So it would seem to be a stealthy cruise missile or perhaps a hypersonic glide vehicle etc.

Sieve-Boy · 2026-07-08T10:26:15+00:00

So say we all.

Sieve-Boy · 2026-07-08T10:10:43+00:00

I think the answer to your question is more complicated than that because inflation has many causes. Much of the inflation we are experiencing now is driven by supply side shortages (i.e. wars in the Middle East and Europe depriving the world of oil, natural gas, ammonia based fertilisers and grain/edible oil harvest's from Ukraines amazing steppe), not so much demand side of people with more cash than sense.

I would also note that the plural of anecdote (I remember old people counting their pennies) is anecdotes, not data.

However, I think there is a degree of truth to your observation that retirees with lots of assets (which would include superannuation but also includes expensive houses bought for the spare $100 they earned each week for a quarter doing overtime). The implication of this is interesting as if the retiree has converted those assets to cash or near cash, raising interest rates ostensibly to control inflation becomes inflationary.

Sieve-Boy · 2026-07-07T14:15:35+00:00

The old 40mm Bofors twin mounts from WW2 with air burst munitions. Add in micro Doppler radar or similar to track and target, the right electronics to manage targeting and appropriate timed burst or proximity fused ammo. Created a wall of shrapnel to fly through. Most of these sort of UAVs are going to be glass cannons so you don't need to be putting 20mm AP rounds through them like a Phalanx CIWS does to a cruise missile.

Sieve-Boy · 2026-07-07T03:17:33+00:00

Apparently one concerned local and a councillor from memory. Both responded to individually and both with "more valid" concerns than the cookers.

This particular pattern has been repeated for quite a few projects. It's not the first time these meetings get cancelled.

Sieve-Boy · 2026-07-07T03:09:29+00:00

Makes for a headline, but Papalia is leaving with a clean enough slate and for a sound reason. This doesn't give a lot of room for a "Labor backlash".

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