Market moves Australian Labor's way

The betting market has interpreted today's confusing opinion polls (see the item Opinion polling nonsense) as indicating a slight improvement in Labor's chances of retaining government. The last time I calculated the Crikey Election Indicator a week or so ago Labor was rated only a 17% chance of hanging on. Tonight the Indicator puts it at just over 26%.
That surprises me somewhat but so too does the lack of market reaction to the chances of Julia Gillard still being Labor Leader at the time of the next election. That Indicator was relatively unmoved by today's polls.


Comments

Post a Comment

Popular posts from this blog

Lured onto Tik Tok by Peter Dutton

Image
There's a first time for everything even for an 82 year old. Today it was Tik Tok. Finally ventured to this much publicised site after a friendly referral to a story titled Spud Stands on his Record . It told how " Peter Spud Dutton, the joyless eeew tuber and social media phobe, has taken to TikTok." I could not resist and went searching. I was disappointed at not finding one of those glamorous all-singing all-dancing clips that have crossed my path on other sites after being down-loaded from Tik Tok. Instead there was this : An Opposition Leader explaining “… I really joined TikTok for one reason. It’s to tell you that we do not have to live in a country where you spend your whole life renting,” (Spud. Sept 2024). A very serious politician indeed. But one to lure younger voters to the Liberal Party? Perhaps if they are moved by a photo of the would-be leader as an outdoor man. Footnote The Australian Inependent Media Network has what it calls "a  far from comprehe...
Read more

A quiet week so Amanda brings back the fat cats – the commentariat daily for Sunday 22 June

Image
It’s been a slow news week with those dreaded Labor villains not providing much fodder for biting criticism. So what’s a woman to do for a Sunday column? Get stuck into fat cats. That’s what. Public servants are a tried and true, reliable piece of fair game. Hence Miranda Devine’s  Time to take the scalpel to fat cats  in  The Sunday Telegraph.  Did you know the head of Treasury earns $824,320 a year and the Secretary of the Department of Prime Minister and Cabinet a whopping $844,000? Well if Miranda thinks they are outrageous sums for running the country I wonder what she thinks of the tens of millions paid to those who run the country’s banks? Maybe she’ll tell us on the next slow-news Sunday. Nobody is laughing as clowns take over senate  asserts Piers Akerman in his  Tele  contribution as he comes to terms with the Abbott government being every bit as much a minority one as its immediate Labor predecessor. Writes Piers: “AT the end of this wee...
Read more