Looks like a 'dead cats bounce' to me. Drop a few days then bounce a little a few day then big drop again.Originally Posted by tkicks
Inflation is both a good and bad thing. It's very bad for consumers as we all have to pay higher prices. It is not so bad for all business because exporters are getting much more for their products, notably Gas, Wheat, iron ore, beef and coal. Governments will make more through Royalties and bracket creep of taxation on higher wages. Interest rates will hurt everybody.
The Punters Inflation Index needs about 250,000 new O/S students to ease inflationary pressure.
Called it. Yet another day of carnage in the US overnight.
Here's a thought. The inflation levels and the rate hikes are being compared to what has happened historically in the 70s - 90s. The one thing that changed the most between then and now was globalisation. It was the one thing that drove inflation into the ground and gave us cheap everything from 3rd world countries. Cheap labour, cheap t-shirts (remember how much a Country Road jumper used to cost when it was still made in Australia?), cheap cars, etc, and ultimately cheap interest rates. Central banks have been pumping out cheap money thinking it would lift inflation to a healthy level but it never worked because of this.
The pandemic and the war in Ukraine has exposed the big problems with globalisation. If a country truly embraced it, that country would be at the mercy of either global supply chains, or international politics through sanctions. It would have done away with crucial local industries because it could import the same products at a cheaper price. It would've signed trade contracts to export all of its crucial resources because doing so would be more profitable than just selling it on the local market. It would enjoy all these great benefits of globalisation until something goes terribly wrong.
Welcome to the bear market, time to accumulate and setup for the 2025 bull run lol.
A lazy man sleeps in a cold home, a drunkard sleeps hungry.
The similarities between the two is that they both complain about how hard is it to make money and support anti-capitalism ideas to justify not working hard.
Imagine Centrelink abolished. This country would've been the same as post USSR countries where there is no middle class. Every brothel you go to, WLs will do whatever you wish and not complaint about huge dicks or Indian customers.
The reality is that many Australians behave like entitled pricks compared to the world, only second to Americans. Nobody wants to put in 0.01% extra effort, in fact everyone wants to put in -99.9% effort.
This situation is very similar in Singapore, a country where immigrants build it up to its current glory yet the locals are taking credit for things they contribute little towards. Only the wealthy Singaporeans who could afford houses and permits to own a car are those with "immigrant" mentality - putting 1000% extra effort in for a brighter future.
If you can't find better work opportunities, at least find better ways of saving up. Recession is the time for those with lower spending powers to hoard money so that they can increase their future spending power.
Well said mate! I couldn't agree more...
Agreed. First top of the list is not to visit any massage parlour.
$170 per punt is my biggest item of weekly expenditure.
Less busy. It's too cold to get gud lol
Imagine if you were spending ridiculous amounts ie $450 or above just to stick it in and get sucked by some girl. You'd have to abstain for 3 weeks Sibon.
To put this little conversation in perspective my legit Thai massage friend said at the moment that average daily wage in Thailand is 500 baht,$20. It’s actually more like 350 baht I’ve since found out.Petrol is 50baht a litre so a hundred km ride might cost you easily a days wages. It’s 1000 baht to see a doctor and about the same to buy a kilo of pork. It’s little wonder they bust their gut to work at our favourite industries, fucking and food.
Definitely couldn't agree more with this !
Australia & the USA in particular have become too used to the big government being in their lives and providing everything for them. The problem with capitialism is that you eventually run out of other peoples money to spend !
During these next three to five years:
1. Cash is king - yep, don't be afraid to hoard it underneath the mattress
2. Accumulate income generating assets while they are cheap - I'd put a portion of my monthly salary into dollar cost averaging Apple and Microsoft shares (these guys are not going away despite the current overall state of the financial markets), and soon you may be able to get an investment property at a good price with a good rental yield (look interstate or even overseas if you can access it)
3. If you are going to trade / speculate on the financial markets - look towards oil, gas, energy, commodities, base metals (don't hold long term - get in and get your profits - then use those profits to further increase your asset portfolio per point two above)
You forget one important thing that is set weekly punting money. With all the stress and planning investment every man need so relaxation and fun time with the girls.
Cash is king… nonsense
Cash is only king when interest rates are high
Go to cash now and you crystallise your losses
Then you’ll miss out when the market moves back up
Now is the time to buy
I thought that was socialism.
Bear market will be short. The bear will sleep just one winter then in Spring the Bull will charge again.
Sleep in the winter like the bear and spend your spare cash on punting and nice wine.
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