
The Lizard King gives his ode to Mark McGowan
June 5, 2023Mark McGowan is out as Premier with his crown still on as the golden boy of Western Australia (well, after me) and the big mining bosses gave him kudos for a job well done.
Well, except for big Clive out Queensland way, who felt obliged to take a parting crack at his lawsuit opponent, but you must appreciate a good bit of spite, don’t you?
But Gina and Chris gave him a thumbs up for doing the obvious, keeping the nation’s piggy bank filled with mining riches and not trying to nationalise the resources industry like a newly coup’ed in Presidente.
I’m sure there is the life of leisure as a board member of resources companies there if he wants it, the dream of everyone to be well known enough that they wish to your name, and you can float around ASX-listers like a cashed-up George Costanza.
But Roger Cook is in for 10 months at least, giving the Liberals a glimmer of hope they won’t just be offering up another sacrificial lamb, a shame for every young member of the party who thought that getting smashed in an election could nevertheless be a handy bumper on the resume.
Both parties can agree on keeping homeowners happy, and they should be after another 1.2 per cent increase in the last month alone.
China’s economic growth continues to stifle the price hopes of the copper bulls, the lithium bulls, the iron bulls, coal bulls and…well, just about every kind of bull except for Red, who will always have demand from overanxious students and hopped-up FIFO workers.
It had been a lacklustre week on the ASX, always predictably dull after a US holiday as we lack the independent thought to invest in our initiative.
But a last-minute US debt deal gave the ASX a much-needed lift as the week ended, with materials finishing second to a firing IT sector which has gone up 3.03 per cent through the week as generative AI continues to terrify and entertain.
It is slightly annoying that AI hasn’t been able to get the voice of the Lizard King right yet, but what intelligence, artificial or otherwise, could be more significant than mine?
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