The entire media world is struggling with the challenge of how to make money from a customer base that wants news for free.
Newspapers all over the world are closing for this very reason.
Even the New York Times may be ceasing its print edition soon.
Are they fucked because they are doomers too Shadow?
Oh and BTW Shadow, are you still Trolling news website comments sections under the handle Macrobusiness?
LOL comparing Marcobusiness to the New York Times....It isn't even their own content they are just a bunch of bloggers dribbling about the content of other people.
But the 'news' on Macrobusiness is already available for free elsewhere.
They just copy/paste or rehash articles written by other people or repost data that is freely available from RP Data / ABS / RBA etc.
Anyway, their own members are getting pretty pissed off with it, so I reckon the spammy links will be gone soon enough.
They've already changed them from double red underline to blue dotted underline...
No, not all of the content.
And news aggregation is still a service and one that lots of companies pay for.
Its not at all surprising that they are struggling; just like every other media organisation in the world that doesn't have a PSB remit.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
While they do produce the odd bit of original material here and there, their motto could well be "I surf, I copy, I paste". For it's essentially an exercise in copying (or "cross-posting", to use that delightful euphemism) and then reselling, with a few "contextualising comments" thrown in to keep up a semblance of dignity; a sort of fig-leaf to disguise the plunder. But these latest revenue-raising measures are bizarre. The ads have no relevance at all and it's pissed off their readership considerably. It's also cheapened the entire blog. I do wonder about David's judgement sometimes. He seems to have a blind-spot when it comes to his knowing his own customers. Blogs are meant to be a hobby, a part-time pursuit for the love and maybe to supplement one's mainstay ... any money is purely a bonus and not the motivation. Blogs were never meant to be anyone's bread and butter and it's their attempts to squeeze their supper out of it (in lieu of legitimate employment) that has distorted things so.
While they do produce the odd bit of original material here and there, their motto could well be "I surf, I copy, I paste". For it's essentially an exercise in copying (or "cross-posting", to use that delightful euphemism) and then reselling, with a few "contextualising comments" thrown in to keep up a semblance of dignity; a sort of fig-leaf to disguise the plunder.
Here's an idea... get real jobs! Blogging is not a job.
Funny stuff shadow.
You have no job and have spent the last six years of your life blogging.
Your post count here alone shows us that.
Did you take our lovely country for a compensation insurance job once you arrived from Ireland.
Funny thing is, we are looking more like Ireland by the day.
Ponzi mode flat out, record overbuilding and jobs dissapearing like no tommorow as people pay little deposit and Interest only loans while rates at at record lows. The record lows you constantly deny for some reason ,even though the evidence is black and white.
Hard to argue with the delusional.
Its different here right.
You just keep steering well clear of all the threads here that show reality.
Macrobusiness are now appending this text to the bottom of their non-paywall blogs...
'Did you enjoy or find that post useful? If so, pull your weight and sign up for the full subscription. It is the revenue generated by those who pay for content that make this site possible. Click to take the trial and sign up!'
So there you go. Everyone needs to 'pull their weight' and pay money to David Llewellyn-Smith and Leith van Onselen so that they may continue to copy/paste, regurgitate and rehash other peoples blogs on a daily basis.
Macrobusiness are now appending this text to the bottom of their non-paywall blogs...
'Did you enjoy or find that post useful? If so, pull your weight and sign up for the full subscription. It is the revenue generated by those who pay for content that make this site possible. Click to take the trial and sign up!'
So there you go. Everyone needs to 'pull their weight' and pay money to David Llewellyn-Smith and Leith van Onselen so that they may continue to copy/paste, regurgitate and rehash other peoples blogs on a daily basis.
It is unlikely we will ever be able to change definitively the views of all the sceptics. And — let me be clear — we should welcome the sceptics. Perhaps some of their concerns are valid. The Bank gives a lot of thought to these issues; we certainly do not dismiss them. We should always be wary of the conventional wisdom being too easily accepted. We should never, ever, assume that ‘it couldn’t happen here’.
It is slowly becoming better recognised that the Australian economy's relative performance, against a very turbulent international background, has been remarkably good. Many foreign visitors to Australia comment on this relative success and I have noticed an increase in the number of foreign companies interested in investing in Australia as a result, notwithstanding our domestic tendency towards the ‘glass half empty’ view, so deeply ingrained in forums such as MacroBusiness.
As I've said before, we have much to live for. Most Australians I encounter who return from overseas remark how good it is to be living and working here. We are indeed ‘lucky’ in so many ways, and we should not be talking ourselves into unnecessary economic weakness, which seems to be a persistent theme over at MacroBusiness.
We are indeed ‘lucky’ in so many ways, and we should not be talking ourselves into unnecessary economic weakness, which seems to be a persistent theme over at MacroBusiness.
The looming macroprudential measures will stall the property market and threaten to reverse the Sydney investor mortgage rocket. In a normal market MP measures would only slow things down but given the mania is Sydney a sharp reversal cannot be ruled out. More broadly, a soft landing for property ala 2003 is more difficult to engineer given the broader economy is weighed down by the capex cliff and income shock, the reverse of what transpired after 2003. I therefore expect further rate cuts as well as a falling dollar will be needed to keep property aloft.
Given these risks then flow into my view that the global cycle is maturing and likely to end in the next two years, likely resulting in the loss of Australia’s AAA rating and bank downgrades, I conclude that we’re near enough to the peak of the property cycle right now and the downside risks on the other side are larger than usual.
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