Australian Property Prices

30 June 2009

Property prices have always been a popular topic of conversation in Sydney, but the subject has become more contentious since the onslaught of the Global Financial Crisis. Views on prospects for Australian property prices range from the bleakly pessimistic to the wildly optimistic. Iconoclastic economist Dr Steve Keen is one of the more prominent pessimists […]

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Oil Prices on the Rise?

25 May 2009

Prompted by an article entitled “Bust and Boom” in the current issue of The Economist, I have decided it is time to dust off a Stubborn Mule staple: the petrol price model. As The Economist notes, following last year’s precipitous fall, oil prices have been climing again over the last few months. The West Texas […]

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Collapsing Oil Prices

22 October 2008

The actions of Governments around the world to guarantee or recapitalise banks is starting to bring some stability to the financial sector, but markets are now expecting a worldwide economic slowdown and with it a dramatic decline in demand for oil. This has led to a collapse in the US dollar price of oil and, […]

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2042: Art on the Street

27 September 2008

It’s time for a break from watching the financial markets implode. Instead, this post will focus on the arts, Newtown-style. Every year, the shops of Newtown become an extended gallery exhibiting the works of young Australian artists. Or at least, that’s how I describe it. According to the City of Sydney website, the aim of […]

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Weak Dollar and Australian Petrol Prices

8 September 2008

The world’s financial markets have shifted their focus from oil supply problems to the demand side of the equation. They appear to have decided that the US and European economies look so dire that oil consumption will collapse. As a result, oil prices have been in free-fall, barely staying above US$100 per barrel. If the […]

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Bottlemania Comes to Sydney

3 August 2008

Today’s Sun-Herald has a piece entitled “Turning Water into Wine“, which reports that the prestigious Kable’s restaurant in Sydney’s Four Seasons hotel has launched its first “water menu”. Here you get a tantalising array of choices for how to flush your money away. My favourite is a 750mL bottle of Cloud Juice rainwater from King […]

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Update on Sydney Petrol Prices

21 July 2008

A little while ago I wrote about the relationship between crude oil prices and the price Sydney motorists are paying for petrol at the pump. The Australian Automobile Association (AAA) has now released their price data for June and, not surprisingly, prices continued to track moves implied by rising crude oil prices. The simple regression […]

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Sydney Petrol Prices

29 June 2008

Soaring petrol prices have led to all sorts of calls for action to help reduce prices. The Opposition called for a 5 cents per litre reduction in the excise on petrol, which currently stands at 38.1 cents per litre. (See note below for an explanation of the strike-throughs). the abolition of the double taxation of […]

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CityRail’s 14 Day RailPass

26 June 2008

On my way into the station this morning, I was handed a brochure about CityRail’s new 14 Day RailPass. A bargain at exactly twice the price of a weekly pass, I suspect that it is, in fact, a cunning plan to prise more fare evasion fines from me. Thanks to public holidays, interstate trips and […]

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PubCamp Vox-Pop

21 June 2008

As promised in my PubCamp Sydney post, I am now able to provide a brief glimpse of the Stubborn Mule on camera. Sticky Media’s Craig Wilson asked the probing questions while Gordon Whitehead rolled tape…or at least operated the video camera. Gavin Heaton (aka servantofchaos) was up first, followed by yours truly and finally Markus […]

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