Wry & Dry

Bricks-and-mortar crumble. Super own-goal. Polls v bookies.

The Australian federal election campaign bores on, infecting the whole country with ennui.  The stock-market, much like politicians, has rigor mortis, with turnover low; cafes are quiet; and everyone in Europe is behaving themselves to ensure that the Brits vote to stay in Europe*.  Only the shrill voice of Ms Clinton and Mr Trump's testosterone tone disturb the May somnolence.

But Wry & Dry detects swirling undercurrents.  There is more evidence that the apartment investment market is collapsing under its own weight; the government's budget superannuation own-goal has stirred not only W&D but also stoked the dying embers of protest from those who last marched in the late 1970s and 1980s; the trio of polls this year caused W&D to ponder about, well, polls v bookies; and to the chagrin of W&D, it looks like we-the-taxpayer may be forking out for those dairy farmers who were unfortunate enough to belong to co-op-cum-company, the senior executives and directors of which should be strung up.  

Follow The Money captures the mood of the punters with decent swings beginning to emerge.  Aaaggghhhh... Donald Trump's odds are getting shorter.  And, of course, Miscellany, to soothe your troubled mind.

Read on, wryly and dryly.

*The  referendum is on Thursday, 23rd June.  See more, below.  By the way, Election Day in the UK is, by law, always a Thursday.  General elections must be held on the first Thursday in May every five years, unless there is a successful motion of No Confidence (Fixed-term Parliaments Act 2011).  

The reasons for a Thursday election are various: Friday pay-packets would lead to more drunken voters on Fridays and weekends; having the election as far after a Sunday as possible would reduce the influence of Sunday sermons; many towns held markets on Thursdays, thus the local population would be travelling to town that day anyway.  In fact, until 1918 UK general elections were held over several days.  Since then all general elections have been held on a Thursday, except in 1918, 1922, 1924 and 1931.