tag:blogger.com,1999:blog-8434369190746987531.post878816069758427173..comments2023-11-05T23:07:01.842+11:00Comments on Grog's Gamut: Mining for perspectiveGreg Jerichohttp://www.blogger.com/profile/04956402439870441083noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-8434369190746987531.post-28580179141516832992011-05-19T12:16:19.285+10:002011-05-19T12:16:19.285+10:00As someone said earlier, you were equating one ton...As someone said earlier, you were equating one tonne of steel production to one tonne of CO2 output - after a quick bit of googling it looks like the ratio is actually about 2 tonnes of CO2 per tonne of steel, which makes a significant impact to the numbers you used in your argument, but not to the overall results.<br /><br />Bunch of whinging CEOs . . .himihttps://www.blogger.com/profile/09017579766314765086noreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-82341576120730252022011-05-19T01:12:46.907+10:002011-05-19T01:12:46.907+10:00Awesome. All this on top of reading Sideshow.Awesome. All this on top of reading Sideshow.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-34880232695854245152011-05-18T22:35:33.246+10:002011-05-18T22:35:33.246+10:00Great article! Just a presentation question - Coul...Great article! Just a presentation question - Could you make it punchier by starting with a summary para of your main point, rather than burying it after a long couple of quotes from the oz? Just a line about share prices and one about the rising dollar NOT demolishing whyalla for example, could do it.Airefuegnoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-76257344012489591582011-05-18T19:50:06.264+10:002011-05-18T19:50:06.264+10:00Greg, this seems an appropriate moment to mention ...Greg, this seems an appropriate moment to mention that I LOVE YOUR WORK. Thank you!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-68804910484289338582011-05-18T17:49:50.917+10:002011-05-18T17:49:50.917+10:00Expect pretty much the same sort of reaction to Jo...Expect pretty much the same sort of reaction to Joe Hockey's "Budget Reply" speech at The Press Club today. His performance was pathetic to say the least. The gaps in the Coalitions' understanding of economics just keeps getting bigger. I guarantee that very little will be reported on the way the questions asked were ignored, or overrun with bluster, and in the case of Andrew Probyn's (from The West Australian) question fobbed off with insinuation it was a Labor plant followed up by an outright lie (inferring that there had been no questioning of the Coalition "black hole" in their pre-election economic statement.<br />Peter Martin (The Age) tried to get an answer later but was responded to with bluster. When he persisted with further attempts to get some concrete response, the Chairman (Steve Lewis "The Australian") called the meeting "at end". Obviously Steve is a fan of "Saving Private Ryan" in his attempt to save private Joe from further questioning.<br />P.S. Joe used lots of charts also but his were not filled with quality information like yours - in fact each chart represented another facet of the "smoke and mirrors" circuses favoured by the Coalition.Alistair Baillieu-McEwannoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-11458042890053482882011-05-18T15:03:51.031+10:002011-05-18T15:03:51.031+10:00Greg, this is a small quibble, I hope:
your quote ...Greg, this is a small quibble, I hope:<br />your quote regarding the steel industry seems to be equating a 5% movement in the exchange rate with a $30 movement in the price for a tonne <i>of steel</i>, not CO2-equivalent. You seem to have read it as CO2E - which is it?<br /><br />Otherwise, thanks, loved it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-40828082500620770242011-05-18T07:16:07.326+10:002011-05-18T07:16:07.326+10:00Grog, how can you pull together all this informati...Grog, how can you pull together all this information and analysis (sure, you did outdo yourself this time on the graph front) when it seems to be completely beyond the mainstream paid (hmmm, could be something in that word) journalists to do the same?<br /><br />The $$ is whacking all of us who export goods or services. The carbon tax, by and large, will be absorbed. When the dollar goes back down, I look forward to the headlines "Life much cheaper under the carbon tax". <br /><br />Dream on, I know.Michael Bnoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-66812671934338076412011-05-17T22:52:02.598+10:002011-05-17T22:52:02.598+10:00Mr. D,
I'm pretty sure that it was Kim Beazley...Mr. D,<br />I'm pretty sure that it was Kim Beazley the elder, who first coined that extremely apposite phrase about those who want to capitalise their profits and socialise their losses. Iirc, Kim was referring to the Country Party, but it applies very widely throughout business, and of course also to some "victims" of finance scams. Risk-takers indeed!<br />PFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-55356417888288434622011-05-17T22:41:51.978+10:002011-05-17T22:41:51.978+10:00Furthermore, anyone who adjusts their investment s...Furthermore, anyone who adjusts their investment strategy based on 3-month returns on a couple of mining stocks isn't an investor, they're a speculator.<br /><br />If you have a diversified portfolio, you're picking up gains in renewable energy stocks anyway.<br /><br />It's funny how the capitalists turn into socialists, wanting the government to under-write their concentrated 'investment' strategies when things change.JCPhttps://www.blogger.com/profile/16616465865456408615noreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-57317951207674853852011-05-17T22:32:37.763+10:002011-05-17T22:32:37.763+10:00In the past year, May 2010 to April 2011, the tota...In the past year, May 2010 to April 2011, the total return from the S&P/ASX-100 index was 4.4%, compared with a total return of 15.5% from the S&P/ASX-100 resources index.JCPhttps://www.blogger.com/profile/16616465865456408615noreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-57519229164555445852011-05-17T21:31:41.210+10:002011-05-17T21:31:41.210+10:00Wow. I'm glad I didn't hold my breath at t...Wow. I'm glad I didn't hold my breath at the start of that post, Grog.<br /><br />Anyway, I guess we need to keep our eyes peeled for future profit warnings from these carbon-heavy companies, hey? <br /><br />Can't have the corporate/market regulators coming down like the proverbial ton for misleading the investors, can we? ^^sarcasmMoneypennynoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-1894700484532731102011-05-17T21:22:16.768+10:002011-05-17T21:22:16.768+10:00PF - I did want to do that, but couldn't work ...PF - I did want to do that, but couldn't work out how to do it! The ASX graphs have it, but they're ugly. I was using the graphs created on news.com.auGreg Jerichohttps://www.blogger.com/profile/04956402439870441083noreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-18630599490056796652011-05-17T21:09:19.031+10:002011-05-17T21:09:19.031+10:00I'm with paddybts, why let the facts get in th...I'm with paddybts, why let the facts get in the way of a good beat up. When you have economic illiterates commenting on economic policy in the MSM (Boltemetrics anyone?), we shouldn't really be surprised. <br /><br />Surely at some point the public will cotton on to the chicken little effect here. Clearly the sky is not falling. Or am I being naive(and too hopefull)?Paul Kerseynoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-59010798878947583102011-05-17T20:58:17.433+10:002011-05-17T20:58:17.433+10:00Grog,
I wonder if an overlay of the ASX200's p...Grog,<br />I wonder if an overlay of the ASX200's progress during the period would be illuminating?<br />I don't know what it would reveal, but a testable hypothesis would be that if the mining and metals industries are on the point of collapse, the punters would be shifting into less carbon intensive stocks. This should be reflected in the companies in your illustration doing worse than the weighted average of the market.<br />Alternatively, given the dominance in the share market of several of the major companies you have identified, why aren't the punters rushing for the exits and moving into property? Except that they aren't!<br />PFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-59550034927386737762011-05-17T20:48:24.605+10:002011-05-17T20:48:24.605+10:00Good analysis. Point nicely driven home by pretty...Good analysis. Point nicely driven home by pretty graphs. The high dollar is far more dangerous to our economy than another tax. But the high dollar looks like we are winning!!!! And the carbon tax is another great big tax. Sigh. Success sells.Elenhttps://www.blogger.com/profile/03275411126296507373noreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-48223201490544182342011-05-17T19:45:51.204+10:002011-05-17T19:45:51.204+10:00lolz Red. Yeah I know a bit over the top. (a bit??...lolz Red. Yeah I know a bit over the top. (a bit??!)Greg Jerichohttps://www.blogger.com/profile/04956402439870441083noreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-55502911900920970962011-05-17T19:38:10.894+10:002011-05-17T19:38:10.894+10:00Damn it Greg. You're spoiling a perfectly good...Damn it Greg. You're spoiling a perfectly good beat up with far too many facts and figures. <br />Plus, it's obvious you've been hanging around with that other well known graph addict Possum Comitatus.<br /> Otherwise....It's a bloody good read. :-)paddybtsnoreply@blogger.comtag:blogger.com,1999:blog-8434369190746987531.post-43574545968318453712011-05-17T19:30:37.484+10:002011-05-17T19:30:37.484+10:00Needs more graphs.Needs more graphs.Anonymoushttps://www.blogger.com/profile/09700371897503134123noreply@blogger.com