Bear Porn

'Bear Porn' is often bandied around by those with a panglossian view of the economy and are perhaps beholden to groupthink. The term is used to more as a non sequitur than anything, conversely it is used to describe the opinions of those less bullish than their beliefs. Those of you who have read my previous posts will know that I am less than sanguine when it comes to Australia’s economic outlook in the short to medium term. Despite the few resources outside the mainstream media, which have been discussing this matter for longer than I care to note. I feel there is a need for a terse delivery of this topic.

Although there are only so many hours in a day, and men and women run successful countries and enterprises in that time, the hoi polloi often don’t have the time to wade in and research these issues. The reasons for this could be manifold but perhaps it is because we are not the patricians we aspire to be and are often time poor. There are many good presentations uploaded to the “internetz” as the kids like to say however nothing seems more pervasive than pop culture. This is particularly evident in the film and music industry and its proliferation throughout social media. As I don’t hold a book face account I have collated some of these examples here for your perusal.

The Fall of the Iron Reich I (h/t “Saint Matthew”)

This is a summary of the perilous situation the Western Australian government now finds itself in regarding the collapse of iron ore prices and the uncanny opinions of the state Premier and Fortescue Metals Group owner Andrew Forest on the proposition of production caps signalling potential cartel activity. Don’t get me wrong Glencore’s Ivan Glassenberg did exactly this with their thermal coal production stating “we don’t want to be the ones forcing the price down with oversupply”. Hmmm it’s a funny free market world we live in today.

 

The Fall of the Iron Reich II

Hitler discovers the limits of Australia’s economy (h/t “Gunnamatta”)

This is a federal spin on the fiscal projections and the upcoming budget. The subtitles can be a bit long but hey that’s what the pause button is for right?

Fall of the Iron Reich (CB) 
Tony Abbott’s Downfall (h/t Chris Becker)

Another federal spin on the economy with a more Abbott centric spin.

Depreston (Courtney Barnett) Lyrics

This is a song about a young couple searching to buy a house in the Melbourne suburb of Preston and deals with the prohibitive conditions they find themselves in.

The Lucky Country (The Basics) Lyrics

This is quoted by the band as a “rock’n’roll rant” against “the age of entitlement” and “the Abbott-Shorten-Palmer-Milne circus”.