robert2013
So far: I am not well read about these events and so hesitate to draw these two events together. Maybe some of you can comment on that. This is related: https://www.economist.com/finance-and-economics/2023/03/20/credit-suisses-takeover-causes-turmoil-in-a-275bn-bond-market “When things go sour and trigger points are reached—such as a bank’s capital falling below certain levels relative to assets—the bonds convert to equity or are … Read more
Thoughts: Ownership market Rental market I don’t have a read on the weights of each of these factors or a model that can combine them. My gut feeling is that rates will resume rising after a lull caused by the Chinese resumption of production following the end of COVID zero and the working out of … Read more
From Kaiko Research via Zerohedge: “On Monday, Hong Kong made its intentions clear to open the door to crypto trading for retail. Reports claim that China is quietly encouraging the move, using Hong Kong as a testing ground for what safe crypto trading might look like. The Hong Kong Securities and Futures Commission (SFC) outlined … Read more
Only the red countries or regions on the map mandate bicycle helmets by law and enforce them with fines. Australia’s laws on this are not “world class”, “progressive” or even reasonable. They are just one of many symptoms of an overly powerful public health and safety bureaucracy and a polity that is either well conditioned … Read more
Have I encapsulated Australian multiculturalism in one pithy sentence? I asked DALL-E to draw a foetus growing in a plastic bag for the image. That, I believe, is the ultimate destination of multiculturalism: the detatchment of humanity first from the land and then from family, with the goal of permanent attachment to systems run by … Read more
Regardless of the merits of the arguments, a day to celebrate Australia has to be a day that everyone can participate willingly in. It’s clear that 26th January cannot be that day anymore. I think that there should be a random number drawn from on New Year’s Eve to allocate the public holiday. It should … Read more
“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