Wtf were they thinking???? And how could this be perpetuated for years?
It's crazy but when you read examples of something like this just 20 years ago you realise society is still 'evolving' in what is really fundamental dramatic ways.
Tuesday, March 15, 2016
The Only Game In Town
Wow had no idea that the New Zealand central bank was the first ever bank to publicly announced defined inflation targets to the public.....before this it was seen as important for the feds to keep a cloak on movements and seen as a source of power to be opaque.
Wtf were they thinking???? And how could this be perpetuated for years?
It's crazy but when you read examples of something like this just 20 years ago you realise society is still 'evolving' in what is really fundamental dramatic ways.
Wtf were they thinking???? And how could this be perpetuated for years?
It's crazy but when you read examples of something like this just 20 years ago you realise society is still 'evolving' in what is really fundamental dramatic ways.
Saturday, March 12, 2016
Good to be home
Gday mate :)
Been on the ground less than 2 hours. Next up a decent latte then a swim at Bronte.
Been on the ground less than 2 hours. Next up a decent latte then a swim at Bronte.
Thursday, March 10, 2016
Government induced inflation
Its dammed if you do, get steamrolled by inflation if you dont. :(
Govt spending is ridiculous at the moment, if central banks dont stop with this ludicrousness we are in for serious issues moving forward.
Govt spending is ridiculous at the moment, if central banks dont stop with this ludicrousness we are in for serious issues moving forward.
I know its uncool but i support the TPP
Very dissapointed Mathew and Sadie have taken this position on the TPP.
I thought i'd post my comments here so other people understand why i support the TPP.
https://www.facebook.com/FatPigFarm/posts/963026367122126
Dear Matthew and Sadie,
I'm very dissapointed you have taken this position.
Two points that you may want to consider that hopefully will change your mind as i dont know you but i got the feeling from your tv show you were a deep thinker .....maybe not :(
1/ Who says Australians should be the only ones to have "a good life", is it a somehow god given divine right that Australians only should have a middle class and be able to feed themselves, put their children through school, be able to build and create jobs in factories and higher level businesses?
Shouldnt we as humans want the best for "all of humanity"? The TPP does a lot (and all free trade movements) in dragging billions of people into a life "you already have" and have had for generations.
2/ You claim sovereign rights are required to be protected. There are two ways to look at this. Firstly, why should Australian citizens have greater rights to oppress other countries.....and secondly Dont you also want the same rules to be able to go after American or Indonesian companies should their governments not follow the rules after the signing of the TPP and do something that affects Australian companies?
Maybe after reading these two points you'll continue to be a selfish person and want to oppress other people around the world.....if so i cant do anything to change your mind, but i hope i've done what i can to change your mind that the TPP is a great thing for humanity and you'll see it in a new light.
Cheers,
Dean Collins
- http://www.LivePoliticalChat.com/dean.collins
I thought i'd post my comments here so other people understand why i support the TPP.
https://www.facebook.com/FatPigFarm/posts/963026367122126
Dear Matthew and Sadie,
I'm very dissapointed you have taken this position.
Two points that you may want to consider that hopefully will change your mind as i dont know you but i got the feeling from your tv show you were a deep thinker .....maybe not :(
1/ Who says Australians should be the only ones to have "a good life", is it a somehow god given divine right that Australians only should have a middle class and be able to feed themselves, put their children through school, be able to build and create jobs in factories and higher level businesses?
Shouldnt we as humans want the best for "all of humanity"? The TPP does a lot (and all free trade movements) in dragging billions of people into a life "you already have" and have had for generations.
2/ You claim sovereign rights are required to be protected. There are two ways to look at this. Firstly, why should Australian citizens have greater rights to oppress other countries.....and secondly Dont you also want the same rules to be able to go after American or Indonesian companies should their governments not follow the rules after the signing of the TPP and do something that affects Australian companies?
Maybe after reading these two points you'll continue to be a selfish person and want to oppress other people around the world.....if so i cant do anything to change your mind, but i hope i've done what i can to change your mind that the TPP is a great thing for humanity and you'll see it in a new light.
Cheers,
Dean Collins
- http://www.LivePoliticalChat.com/dean.collins
Tuesday, March 08, 2016
2 big cities and 5 country towns
Great post from Gareth Brown today proving my point that I've said time and time again about why Australians pay over the odds for property and until its cool for people in Sydney to live in Orange/Nowra/Forster (yes that means moving folks.....not just continually talking/complaining about it) then you will continue to pay over the odds for the cost of living in a fantastic city that is Sydney.....
Until Australia grows up and decides it wants to be a country with more than 2 big cities and 5 country towns its always going to be an expensive place to live.
We need more #Tier2cities and we need them now.
https://foragerfunds.com/bristlemouth/statistical-buggery-rba-edition
It says the ‘urban population’ of Australia, living in cities of greater than 100,000 people, is a little north of 75%. This is clearly constructed using the entire metropolitan area of each city greater than 100,000. A quick gander at Wikipedia suggests that if we add up the entire metro population of each city from Sydney, population 4.8 million, down to number 16, Toowoomba, the smallest with a population greater than 100,000, about 17.9 million people live in these ‘urban’ areas. That’s about 77% of Australia’s population of 23.13m, according to Wikipedia.
Now let’s look at the US. Here, according to the data provide by RBA, the population of cities greater than 100,000 people is less than 30% of the nation’s total.
If we take the list of US cities by population from Wikipedia, there’s 297 cities with a population greater than 100,000, and the total comes to 90.5 million, or 28.4% of the total US population.
Until Australia grows up and decides it wants to be a country with more than 2 big cities and 5 country towns its always going to be an expensive place to live.
We need more #Tier2cities and we need them now.
https://foragerfunds.com/bristlemouth/statistical-buggery-rba-edition
It says the ‘urban population’ of Australia, living in cities of greater than 100,000 people, is a little north of 75%. This is clearly constructed using the entire metropolitan area of each city greater than 100,000. A quick gander at Wikipedia suggests that if we add up the entire metro population of each city from Sydney, population 4.8 million, down to number 16, Toowoomba, the smallest with a population greater than 100,000, about 17.9 million people live in these ‘urban’ areas. That’s about 77% of Australia’s population of 23.13m, according to Wikipedia.
Now let’s look at the US. Here, according to the data provide by RBA, the population of cities greater than 100,000 people is less than 30% of the nation’s total.
If we take the list of US cities by population from Wikipedia, there’s 297 cities with a population greater than 100,000, and the total comes to 90.5 million, or 28.4% of the total US population.
Monday, March 07, 2016
Apparently Facebook thinks i'm dead
Anyone seen something like this before?
I just got a call from a friend of mine that apparently facebook has put my account into “he’s dead” status – www.Facebook.com/DeanCollins
Anyone seen something like this before? What the heck did you do to fix it??
At least my wife thinks it was funny - https://www.facebook.com/deancollins/posts/10153387914951723
Cheers,
Dean
Update: Well I'm alive again.......10 hours later.
Weird part is no explanation on why/how/who was able to do this to my account. In fact its worse in that Facebook's "recently deceased" support team is ignoring my requests and #RulesBasedFiltering out any contact I make with them...."because my account is no longer dead".
I just got a call from a friend of mine that apparently facebook has put my account into “he’s dead” status – www.Facebook.com/DeanCollins
Anyone seen something like this before? What the heck did you do to fix it??
At least my wife thinks it was funny - https://www.facebook.com/deancollins/posts/10153387914951723
Cheers,
Dean
Update: Well I'm alive again.......10 hours later.
Weird part is no explanation on why/how/who was able to do this to my account. In fact its worse in that Facebook's "recently deceased" support team is ignoring my requests and #RulesBasedFiltering out any contact I make with them...."because my account is no longer dead".
Friday, March 04, 2016
$A 5c move in one week
5c move in 1 week...... :(
This is the problem you get when Australia has 2% returns and the rest of the world is desperate for yield, happy to lend it to as many Aussie banks as will take it.
Tuesday, March 01, 2016
Vishing ....yeh its a thing, watch this
Awesome video about everything that is wrong with passwords......
From Fusion: When You Dare Two Expert Hackers To Destroy Your ...
After the hacks of Sony Pictures, JPMorgan Chase, Ashley Madison, and other major companies, Real Future’s Kevin Roose got curious about what it felt like to be on the victim’s side of a giant data breach. So he decided to stage an experiment: he invited two expert hackers to spend two weeks hacking him as deeply and thoroughly as they could, using all of the tools at their disposal. The result was a shocking privacy nightmare. Watch full episodes of Real Future here: http://fusion.net/series/real-future-show/
Posted by Digg on Friday, February 26, 2016
Monday, February 29, 2016
No thanks....we'll go the long way.
The most interesting article i've read this morning.......talk about the law of "unintended consequences"
Saturday, February 27, 2016
Sydney property crash?
Hmmm reviewing the weekends auction in Sydney.....crash what crash.
Somehow i get the feeling that people in Sydney are living pretty good lives with pretty solid income (well at least 500 of them are).
http://www.homepriceguide.com.au/saturday_auction_results/Sydney_Domain.pdf
We're going to have to see one of two things happen (possibly three)
Either Australia finally starts to get the sniffles on the global cold (you think its bad in Moranbah, I can show you 20/50/100 similar locations in the USA that have been that way for a decade).
Basically unemployment starts to nip at the heels. Its one of those ones where someone you know got laid off, then you see a news article about XYZ shutting such and such a factory, then you start to think maybe we should save some money and not splurge, then your next door neighbour is washing their car in the driveway on a Monday morning and you think....time to sell. Possibly 2016/2017?
Or
Someone in government decides to bring down the hammer. Will negative gearing do it - nope. Will APRA tightening do it...possibly (and the best way to manage it). But most likely it will be something like Jonathan Tepper etc - http://www.afr.com/real-estate/residential/sydney-property-dont-believe-the-aussie-big-short-20160224-gn32hj having a discussion to some politician who overreacts and does something stupid with capital gains but ONLY for property (which will cause equities to shoot up like we have the in the USA eg 20 times earnings being "new normal" - of course no politician will point the finger at themselves and understand this is what happens with 'global slush'). Possibly election time 2016?
Or
Interest rates go back up to 6-7%. Considering you can currently get low 4's even though Australian banks are blood sucking profit making machines (it still blows my mind that the big 4 are worth 30% of the ASX - mush mush my little sheepies) they'll be the first ones in the world to move up with a moments notice.
However considering that you can get a 10 year mortgage for 1% in Japan and 3.5% jumbo 30 year fixed here in New York (hell yeh we fixed at that rate......easy to sleep well with this locked away - and I thought 4% fixed in 2013 was a bargain) this being said I'm not sure how long before we see rates push up in Australia given govt bonds over the last few years and the number of new countries going NIRP.
Though I can guarantee its coming....and when it does going to be lots of rushing for the door AND lots of bargains to be picked up as no way current incomes can support a return to 6-7% interest on the current multiples. Pretty much a given but 2018....2019...2020? who knows?
Somehow i get the feeling that people in Sydney are living pretty good lives with pretty solid income (well at least 500 of them are).
http://www.homepriceguide.com.au/saturday_auction_results/Sydney_Domain.pdf
We're going to have to see one of two things happen (possibly three)
Either Australia finally starts to get the sniffles on the global cold (you think its bad in Moranbah, I can show you 20/50/100 similar locations in the USA that have been that way for a decade).
Basically unemployment starts to nip at the heels. Its one of those ones where someone you know got laid off, then you see a news article about XYZ shutting such and such a factory, then you start to think maybe we should save some money and not splurge, then your next door neighbour is washing their car in the driveway on a Monday morning and you think....time to sell. Possibly 2016/2017?
Or
Someone in government decides to bring down the hammer. Will negative gearing do it - nope. Will APRA tightening do it...possibly (and the best way to manage it). But most likely it will be something like Jonathan Tepper etc - http://www.afr.com/real-estate/residential/sydney-property-dont-believe-the-aussie-big-short-20160224-gn32hj having a discussion to some politician who overreacts and does something stupid with capital gains but ONLY for property (which will cause equities to shoot up like we have the in the USA eg 20 times earnings being "new normal" - of course no politician will point the finger at themselves and understand this is what happens with 'global slush'). Possibly election time 2016?
Or
Interest rates go back up to 6-7%. Considering you can currently get low 4's even though Australian banks are blood sucking profit making machines (it still blows my mind that the big 4 are worth 30% of the ASX - mush mush my little sheepies) they'll be the first ones in the world to move up with a moments notice.
However considering that you can get a 10 year mortgage for 1% in Japan and 3.5% jumbo 30 year fixed here in New York (hell yeh we fixed at that rate......easy to sleep well with this locked away - and I thought 4% fixed in 2013 was a bargain) this being said I'm not sure how long before we see rates push up in Australia given govt bonds over the last few years and the number of new countries going NIRP.
Though I can guarantee its coming....and when it does going to be lots of rushing for the door AND lots of bargains to be picked up as no way current incomes can support a return to 6-7% interest on the current multiples. Pretty much a given but 2018....2019...2020? who knows?
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