Rise of The Middle Kingdom: Why China Isn’t Going Ex-Growth

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

A Ponzi of Ponzi’s?

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

Forums now live, comments now betterer

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.

Shawno gets his 18 months!

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.

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Plain-postin’ Peachy pummels former gold trader Dave

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

Macrobusiness – too late the bull, on everything

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

Macrobusiness begins to grok EZFKA. Prays for Neutron Bomb – to eradicate EZFKA residents and remnants of culture, for the benefit of the FX rate, tradeables, financial stability

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

Macrobusiness does the Humpty Dumpty on inflation. Poorly.

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

Macrobusiness true to form, 100% wrong on Bitcoin. Doubles down.

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!

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Macrobusiness merrily lands into same hole it has been falling into For decade… Accuses others of not learning

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…

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Melbourne has likely seen the lows of virus infections

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.

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