Wednesday, September 22, 2010  Governor Stevens pwned!  See Tim
Colebatch this morning.  Governor Stevens this week argued that
there were not really two Australias:  "While some events can
lead to a divergence in economic conditions across Australia,
overall these differences have not been especially large in
recent times . . . What is remarkable, in fact, is that the
differences are not, in the end, larger."  But here's what
Stevens was saying back in February:  "Yes, I think it is going
to be a two-speed economy . . . I think all those issues of
geographical differences and industry differences are likely to
re-emerge with a vengeance. The relative price of resources is
high, that of manufactures is low. There are structural
adjustment implications of this for our economy . . . they will,
I think, probably intensify in the years ahead."  Some extracts
from Tim Colebatch:  "In my next life, I want to be a central
bank governor. People fawn on you, whatever you say is taken as
gospel, and others rarely chall