© 2019 by Henry Thornton. 

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To view older blogs from Henry visit the archive of the original Henry Thornton site here:

http://pandora.nla.gov.au/pan/33415/20160803-0036/www.henrythornton.com/index.html

October 17, 2019

Modern Crucifixion

 Oil on canvas board

24 '' x 16 "

Signed, Left Hand Side

Cardinal Pell's trial, where he was declared guilty by a jury of pedophile actions, was a deeply curious event. I expect appeal before by three judges will present a more believable judgment of 'Not guilty'. But even so, a modern crucifixion will have been perpetrated.

Now we are awaiting a possible review by Australia's High court. If the verdict...

September 8, 2019

Stick to ‘tax and spend’ plan says Labor President Wayne Swan. An amazing statement reported on the front page in large print by the Weekend Australian. This seems to Henry a suicide note from the Labor Party, and good luck to them.  The government is not without its problems with household consumption still low and only resource exports and government spending keeping ‘growth’ in the black.  And if growth is measured on a per...

July 6, 2019

Economy

Two rate cuts in quick succession gets cash interest rates to an alltime 1% low, much lower than in the severe recession of 1990/91. The word ‘panic’ is bandied about.

Not much room for further cuts if it turns out Australia is facing a really bad recession. ‘We need help’ says RBA but events show they needed help when house prices were rocketing up and the central bank sat still like monkeys mesmerised by a cobra.  Get...

June 28, 2019

Check out Pete's 2018 exhibition of EcoArt here.


Geoffrey Blainey

Oil paint on canvas

550 cm X 750 cm

Signed bottom left, 2019

Geoffrey is the artist's great friend, in my view one of the great historians of Australia with a wonderful feel for matters economic.  As well as his Australian history he has written an acclaimed book about the causes of war and another, called The Great Seesaw about the swings of optimism and pessimism...

June 26, 2019

‘Investors Are Glum, Even With Stocks at All-Time Highs’ writes Akane Otani in the Wall Street Journal.

This comes from the digital version of the WSJ, which apparently can be available free, though I could not wait for minutes to find out. A complementary article in the paper version Monday lead as follows: ‘Bond-yield Drop Fuels Uncertainty‘. The opening paragraph says: ‘The collapse in bond yields since this spring has been...

June 1, 2019

‘Everyone’ it seems is worried about inflation. Today I’d like to introduce you to a draft chapter of a book written by Pete Jonson, founder and frequent contributor to Henrythornton.com.  A major problem is that inflation is very damaging but now, after nearly 30 years, there are cries of ‘inflation is too low’. That is goods and services inflation, gentle readers, but what about asset inflation?

This blog presents the se...

May 20, 2019

Like many other Australians I was stunned at the performance of the Liberal-National government on Saturday. Not entirely surprised, however. Several weeks ago, I said: ‘Federal Election on, 18 May, and the Thornton family is not conducting its regular election party due to dining with our friends from Malaysia. Here is a tip. Trump beat the favourite Hilary Clinton. British voters chose leaving the EU despite the clear expect...

May 3, 2019

Australia’s Federal election grinds on. Labor’s Bill Shorten keeps making promises he will not be able to keep.  Mrs Thornton today said ‘It’s a Pork barrel election. Scott Morrison tries to hold the line on Pork and the virtues of modest government spending, paying down Labor’s Pork barrel debt and putting Australia into sustainable growth.

The Australia offers its readers a progress report of an election that is likely to pro...

April 14, 2019

Federal Election on, 18 May, and the Thornton family is not conducting its regular election party due to dining with our friends from Malaysia. Here is a tip. Trump beat the favourite Hilary Clinton. British voters chose leaving the EU despite the clear expectation that the 'elite' would vote to stay.  Could Scomo do it?  Still a long shot, but certainly not impossible.

Massive tax cuts and a reputation for fixing Labor st...

March 30, 2019

Budget day next Tuesday. Treasurer Josh Frydenberg is expected to announce a surplus (thanks to large exports of coal and iron ore), tax cuts and some nice bits of cash splash. Plus there is the possibility of a new coal fired power station in Queensland.  A nice package but polls remain solidly pro-Labor and it would seem to take an electoral miracle for the Libs and Nats to be in government by end May.

In the UK, the dogged M...

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