robert2013“Every time one of the international community of instructors has tried to take a lesson, they have been harassed, to the extent that they can’t teach their lesson,” Mr Todd said. “They’re physically intimidating us, threatening us, trying to take away our lift passes, trying to remove our ski equipment and stopping us from being … Read more
Is there price discovery behind BTC or is it just insiders jimmying the price higher to get some money out? Is there a diffference? My hunch is that $20k is the new base for BTC like $5k was after the 2018 massacre. It gets a bit below, it goes a bit above, until the next … Read more
Most commentary I’ve been following says that an American recession is on the cards, but they argue about its depth. Nouriel Roubini (https://nourielroubini.com/a-stagflationary-debt-crisis-looms/) says that the world is in deep shit….but he always says that. I think it’s too early to call inflation baked in. We’re only just exiting the post-covid boom…and China is just … Read more
Stagmal’s and Coming’s chatbot written stories were pretty funny, but given all it has learned maybe the chatbot can make decent predictions. https://chat.openai.com/chat Here’s some I tried:Me to chatbot: With a population breeding below replacement, the government decided to increase immigration to keep the economy moving and house prices rising. What happened next? As the … Read more
https://www.smh.com.au/national/women-are-furious-about-the-lehrmann-trial-outcome-men-should-be-too-20221202-p5c39i.html Mostly a bunch of disingenous words from an activist pretending to be a journalist. Let’s start with the headline: “Women are furious about the Lehrmann trial outcome. Men should be too”Which women? Which men? She never says. I’m sure some women are furious (and aren’t) and the same for men. The piece begins with … Read more
Aboriginal themed ‘limited’ edition Roses tins on sale at supermarkets just in time for Christmas. I will not pay to subvert my culture any more. This post is brought to you by the need to post something somewhat genuine after Stagmal’s total bullshit ‘new thread’ where someone had the nerve to say that MB was … Read more
Democracy only works because the losers are prepared to accept the rule of the winners on the basis that they are the same people, representing the same goals, albeit with a different view on how they can best be reached. There are more and more people in Australia (eg most contributors here) and other democracies … Read more
Way back in 2008 the power of good government was used to rescue the finance industry by effectively buying all their bad debt. Government paper was printed by the trillions and by some miracle it never resulted in inflation, because it never got to the man on the street, only to asset prices. Then came … Read more
I think DLS could well be right about AUD hitting COVID lows, but how to position and what to expect? Right now with QT (or at least no QE) there is a global dollar shortage. With rising rates as well, returns on USD look better than many other assets. Shorting AUD for USD will currently … Read more
Narrative has been weaponised for a very long time by skilled operators. The growth of mass media in the 20th century greatly facilitated it, the dangers well observed many decades ago by Orwell, Huxley and others. It’s growth was necessary because of dissolution of communities through people moving away to cities. There were no grape … Read more
Daily case number chart from the WA COVID dashboard: https://experience.arcgis.com/experience/359bca83a1264e3fb8d3b6f0a028d768 Experiencing this chart made me convinced that masks do make a difference….but if that’s the case why was it only a spike and not a sustained increase in daily case numbers? Comments?
The narrative seems to be that markets are now betting on the Fed doing a U turn. I’ll wait till the next inflation figures and interest rate announcements before throwing money around. Other things I thought interesting the last couple of days: Apparently ANZ has developed an AUD stablecoin. Seems pretty pointless given that you … Read more