Victorian Premier Daniel Andrews says he is prepared to rip up Crown Resorts’ licence to run its Melbourne casino if a newly announced royal commission recommends it.https://amp.abc.net.au/article/13180970
A common prediction repeated in various Australian media organs and elsewhere, is that China will not and indeed cannot become a global “superpower”. While this argument takes many forms, it tends to revolve around the same theme that ‘liberty’, ‘democracy’, and ‘free markets’, however defined, are essential ingredients in achieving a stable, industrialsed power. This … Read more
I see the word Ponzi bandied about everywhere these days. Real Estate is a ponzi, crypto is a ponzi, fiat is the greatest ponzi of all. The debt ponzi. On and on. This seems to be based on a belief that all these things depend on a greater sucker coming along to pay you more … Read more
Update: Things seem to be working again.
Well, screw me sideways! It was only 18 weeks ago that Macrobusiness was deservedly lampooned at EZFKA.com for being so remarkably, rapaciously, wrong on bitcoin.
A rudimentary forum has been erected on the former site of the EZFKA Banking Royal Commision. Test it out & provide feedback please. Comments technology has been changed as well because, apparently, according to the IT slaves, the old tech didn’t play well with the forum.
So doing the research for the gold post (https://www.ezfka.com/2021/02/11/plain-postin-peachy-pummels-former-gold-trader-dave/) made me stumble across this little gem.
Back in Feb ’19 old mate Shawno went a bit feral and decided to try to bite a chunk out of the peach, claiming that Peachy was consistently wrong, all the time.
Prompted by a recent comment by a naughy-named contributor: I’ve decided to do a short write-up on gold, and how the Peachy Prediction compares to the Macrobusiness perspective. Now, I shall lead off with the disclaimer that while gold is something that Peachy values, the gold market isn’t one that Peachy really follows closely (certainly … Read more
So it’s been about six glorious weeks since the recent stock gloat (here: https://www.ezfka.com/2020/12/24/a-year-in-review-understanding-ezfka-is-key-to-profits-mb-fund-fades-peachy-portfolio-fkn-flying/) and it’s time for a brief update.
Here's something from an era that MBBlokes might recognise: Monday morning, it's time to get up Two cups of coffee and 'e runs for the bus Looks in the window and fixes da hair ....nobody notices, nobody cares!
This week the boys delegated the iron ore screeching duties to Chriso. Chriso obviously struggled to get any kind of scary story squeezed out of the horns of the mighty iron ore bull.
Not so long ago, the MB boys were bringing out bundles of bear-gasms as they predicted a plummet off the mortgage repayment cliff…
First, a Pretentious Peachy Prologue: 2,500 years ago there was a bloke who fancied himself a bit of a philosopher and liked to rant and declaim his wisdom. The common folk of Miletus taunted him: “if you’re so bloody smart, then why are you so poor?!”.
Recently the blokes at Macrobusiness are beginning to see bullish signs everywhere. And, every time, they only begin to see these signs some time after the herd of bulls have stampeded over them and vanished in the distance, leaving hoof-marks to be rubbed off their bearskins. But here at EZFKA we’re a positive bunch, so … Read more
Please let the admin know if you’d like to post rants on EZFKA.com. The pay is shit, but the beaches and air are great quality. It’s the EZFKA way.
Those who do not understand history are bound to repeat it. The boys at macrobusiness have proven particularly resistant to learning history… and so particularly prone to repeating many many stupid mistakes.
This morning at Macrobusiness, the boys have completely given up resistance and have immediately commenced begging to be assimilated into the EZFKA collective: my my, how the mighty have fallen. Luckily, the macrobusiness boys have a good chance of being accepted and assimilated on reasonably concessional terms, as the degree of their repudiation of Australia … Read more
Today, the mask has slipped a little more at macrobusiness, as the boys have written – this time in plain English – what had previously been a respectfully unspoken subtext:
Today, Macrobusiness slanders prominent EZFKA institution (ANZ) and eminent EZFKA resident (CEO, Shayne Elliott), accusing them of being whiny biatches:
A good dozen years ago, my mate Mish wrote “Humpty Dumpty On Inflation“, where he lamented the slipperiness of definitions and the use of slippery definitions, by slippery types, to deny inflation or deflation, or any-other-flation: ‘When I use a word,’ Humpty Dumpty said, in a rather scornful tone,’ it means just what I choose … Read more
Well looks like Macrobusiness has done it again, being 100% wrong on a hysterically dramatic, deliriously hubristic call. In an unusual turn of events, this one took a whole 24 months to be proved 100% wrong, rather than the traditional 18 months. In compensation, however, the call has proven not merely 100% wrong, but more like 256% wrong!
Macrobusiness has been obstinately banging on about the terrible deflationary forces bogeyman for longer than one cares to remember. They have become, it seems, the spiritual successor to the Steve Keen (and Ed Karan before him).
In a recent post, it was predicted that opening schools after insisting on months of lockdowns would be a hoot, but also a bit of cool comeuppance for those fearful types who begged for and praised the lockdowns while praying for some kind of change:
Over the weekend we have seen Jacinda Ardern’s Labour party in New Zealand claim victory in the parliamentary elections.
Today the Ministry of Truth officials Millar, Vedelago and Hall announce that it is foreigners crowding in small spaces that define the southern capital of the EZFKA:
In an increasingly shrill promotion of its “glut cult” today Macrobusiness has suggested that any EZFKA resident who doesn’t already own a residence (ie looser) should be quite content to make themselves cosy in a projected dwelling completion:
Today at Macrobusiness the boys moan:
It’s the same every time we face this question. The same tired people. The same reactionary arguments. The same lack of imagination. All have resisted rate cuts for years, been wrong the entire time about it, yet they never let up nor learn.https://www.macrobusiness.com.au/2020/10/mother-of-god-our-monetary-economists-are-hopeless/
ironically, they almost immediately get to repeating their own tired dogma, which has been constantly wrong FOR A DECADE…
So apparently Victorian schools have gone back to in-classroom learning this week. It should therefore be expected that virus diagnoses will bounce and them Mexicans will never get to their target of 5 or fewer per day.
Laughs on those fearful types who advocated the months and months of house arrest for all residents for a goal that can only be hit by sheer luck.
Today Macrobusiness reprised its housing oversupply fantasy, repeating exactly the same arguments, but adding a few new charts.