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Blog wars: Australian Property Forum vs. Macrobusiness
I thought this was rather amusing. Australian Property Forum, which is an online site where bulls and bears debate housing, has a post up attacking Macrobusiness, which is a blog established by David Llewellyn-smith. David, who seems like an old-school gentleman, is keen to try to commercialise his blog. I told him last week that he should get some more diversified content if he wants to lift its credibility. Australian Property Forum have picked up on this: they've noted, as I had, that Macrobusiness provides an outlet for super-spruikers of shares while maintaining its relentless war against all things bricks-and-mortar. David himself writes under the pseudonym "Houses and Holes". While David has no education or professional background in economics/finance, he has some journalistic credentials. After starting life as a ski instructor in Canada (a dream I never pursued!), he founded the Diplomat Magazine and helped Ross Garnaut write the book, The Great Crash. I don't normally read what he writes given his handyman, or mass-market, approach, but every once in a while there is a useful post by a specialist over at his blog (eg, this contribution by Cameron Murray on the CPI construction). Anywho, here is Australian Property Forum's critique of Macrobusiness, which will probably stir up some discontent (or maybe they will just try to ignore it):

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