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

Bitcoin is a Bubble

There is not a year in it’s existence that BTC has not spent time below $4k and I honestly think that 2021 will be no different. But will it go to $0 this year? Probably not – will it go to $0 at some point in the near future… unless there are some fundamental changes … 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.

Bumbling Biden and his media excusers

I had a great aunt, let’s call her Eliza, she was a lovely old woman; conservative, kind, incredibly polite and thoughtful, and very civic minded, she use to regularly work for various charities in her retirement years donating her time to worthy causes. But as she got older her ability to guard and separate her … Read more

The Woke Armed forces will save us !!

I don’t know about you – but I feel positively unsafe knowing that the Army, Navy and Airforce are filled with men saturated in Toxic Masculinity. I’m sure Mig and the Professor at Macrobusiness would agree that we need far more empathetic soldiers who will be mindful of their colleagues gender choices when on the … Read more

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

Accepting the Enlightenment means rejecting cultural relativism in all its forms…

“This frame of reference responds to contemporary issues in a pretty straightforward manner. It sees class inequality as the great evil even though it is post-colonial and pro-multiculturalism.“ …and with that the author has just glossed over the cause and source of the sort of of cultural relativism that justifies and empowers views like those … Read more

Will Georgia going Democrat and giving them a clean sweep really be a ‘Win’ for the American people?

The most annoying mainstream media narrative at the moment is that somehow a clean sweep by the Democrats in Congress, the Senate and the Presidency, will somehow result in ‘corrective class policies of higher wages, capital gains and corporate taxes.’ To my mind this is the same sort of delusional fairytale stuff as the Trumpeteer’s … 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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