Aussie Property Bubble On A Scale Like No Other

The size of the Australian property bubble is old news. What is less well understood is how such a large and sustained bubble has distorted the Australian political economy. 

Frontrunning: October 11

  • Samsung scraps Note 7 (Reuters)
  • Note 7 fiasco could burn a $17 billion hole in Samsung accounts (Reuters)
  • Trump's struggles may depress Democratic voter turnout (Reuters)
  • Major Investor Sues Theranos  (WSJ)
  • S. Africa’s Gordhan to Be Charged; Rand Plunges Most Since June (BBG)
  • Oil price falls back from one-year highs, hit by OPEC deal concerns (Reuters)

Decentralize The Elections

The federal government is making a move in the direction of further centralizing the administration of elections nationwide. The justification this time around is stated to be danger of Russian hackers. We are reminded of Stalin's infamous words: "The people who cast the votes decide nothing. The people who count the votes decide everything."