Economy, Inflation and Industry

[personaa]

Hi All,

Just a question, I am wondering if you also
started to feel that shops are getting less busy these days mainly due to rise in cost of living, inflation etc?

[krnboy]

Hi All,

Just a question, I am wondering if you also
started to feel that shops are getting less busy these days mainly due to rise in cost of living, inflation etc?

Isn't it better that they are less busy so you don't have to wait as long?

[yowser]

Yes I feel that too, recently when i made some inquiries only, immediately i get asked “when do you want to come? Shall i make a booking for you?”

Another thing I noticed: in the city theres an increase in domestic tourists and its given the city shops a little boost in sales

[AHLUNGOR]

Not this long weekend, I was in the city and Chinatown area, most areas were packed and you couldn’t find a table in most restaurants and even food court. I have not seen cues like this for a very long time.

Did any one manage to book a hotel room on Saturday night ? Prices were skyrocketed due to the Vivid and long weekend and this is without much international tourists.

[The Sampler]

Oddly i think the shops are busier.

Its one of those things where i feel punting is a stress reliever for a lot of people affected by the economic slow downs.
Another contributing factor is the cost of punting relative to ones savings and inflation can be seen is quite cheap, compared to some other forms of entertainment.

[GoldfishMan]

Not this long weekend, I was in the city and Chinatown area, most areas were packed and you couldn’t find a table in most restaurants and even food court. I have not seen cues like this for a very long time.

Did any one manage to book a hotel room on Saturday night ? Prices were skyrocketed due to the Vivid and long weekend and this is without much international tourists.
This is because the real pain hasn’t actually hit yet, bro. So far it’s only been news articles of things that are afoot, like the spiking energy prices, and interest rate hikes which take a bit of time for full effect.
Watch what happens in the next couple of months. There will be a very noticeable difference for sure!

[cuteguy]

This is because the real pain hasn’t actually hit yet, bro. So far it’s only been news articles of things that are afoot, like the spiking energy prices, and interest rate hikes which take a bit of time for full effect.
Watch what happens in the next couple of months. There will be a very noticeable difference for sure!

It's all heading towards a global recession. High inflation, stock market crashing, food, energy and interest rates going up and nothing positive is being heard in the news lately. All very grim for all of us but not for the billionaires and globalists pushing their agenda.

[JohnJones]

With rates going up as high as $350-$400/hr for a Japanese WL it's better for me. Last time I remember not being able to book certain J WLs for months just because they were fully booked 2-3 days in advance during the $230-$300/hr rates period. Now I can book some of my favourites at anytime or sometimes even just walk in.

I started a thread months ago about saving up your hard earned money until you're comfortable enough to live on it years even without an income. Being in that position the inflation and cost of living rise feels more like a tickle rather than a stab. And I can still punt weekly on a top $$$ JAV WL without hurting the bank.

Some were arrogant enough to say that I'm showing off. All I can say is that hard work pays off, and those who snooze, loses!

[JohnJones]

It's all heading towards a global recession. High inflation, stock market crashing, food, energy and interest rates going up and nothing positive is being heard in the news lately. All very grim for all of us but not for the billionaires and globalists pushing their agenda.

The news is never positive, it is a means to distract people from the reality of life. Governments are at fault for making people spend all their income and taking up loans they can't pay back if they lose their jobs, all because they want to make tax money to pay for stupidly cancelled French submarine contracts.

Save up, invest, pay off all your debts then do whatever you want. If you really don't have the money to invest then go get an investment loan, the negative gearing helps to lower your taxes and brings your tax return amount to a higher level. And especially at this time when stock market is bearish, it's good time to buy and see it double or triple in a few years time.

[GoldfishMan]

It's all heading towards a global recession. High inflation, stock market crashing, food, energy and interest rates going up and nothing positive is being heard in the news lately. All very grim for all of us but not for the billionaires and globalists pushing their agenda.
Not really true, bro. The good news is wages are rising. Although not really fast enough to counter inflation on average, it presents an opportunity for each and everyone to "seize the day", be courageous and go for the big pay increases whichever way is the best.

And not really true about the billionaires. Most of their wealth are "on paper" only, so most of them are being hammered as the markets are being hammered. The Atlassian founders each lost more than half their worth, $12.2b each, this year alone for example. Basically all the tech billionaires have been smashed since November last year. Only the mining billionaires are still doing well.

[woodland]

prices have risen much higher than inflation for these aforementioned services

[dotcumdotinyou]

The problem with rising wages GFM is that it also increases costs to manufacturers and suppliers so they in turn put their prices up. So in reality the extra money in your pocket still buys the same or less, its a vicious cycle. And in normal times as wages increase so to does unemployment but because we have virtually zero migration that won't happen as much this time. Also with all the turmoil and hyped up recession talk in the news a lot of suppliers have taken the chance and increased prices to the point of gouging, glass has gone up 33% over the last year aluminium over 40%. Shipping charges and terminal fees have gone up over 50%.

It may be a bearish market JJ but with inflation and unemployment rising around the world the markets still have a way to go before hitting bottom, my smsf is cashed up but I'm not prepared to buy right now as I think there'll be more bargains in 6-12 months time.

[JohnJones]

Not really true, bro. The good news is wages are rising. Although not really fast enough to counter inflation on average, it presents an opportunity for each and everyone to "seize the day", be courageous and go for the big pay increases whichever way is the best.

And not really true about the billionaires. Most of their wealth are "on paper" only, so most of them are being hammered as the markets are being hammered. The Atlassian founders each lost more than half their worth, $12.2b each, this year alone for example. Basically all the tech billionaires have been smashed since November last year. Only the mining billionaires are still doing well.

Keeping a lot of cash in the bank is not safe. Hackers and bank database glitches can wipe out your hard earned savings and the bank will often try to avoid responsibility. This is why rich people often convert their cash into assets - assets are covered by a contract that locks in the initial amount, and these contracts can be "pawned" as collateral to obtain bank loans and pay off principal plus interest using any surplus income coming from the "pawned" asset. What they do with the loan is up to them - build more assets or float on a yatch having orgies daily if they want to, and this is just a smart way for them to build an empire or just simply enjoy the lifestyle of their choice.

I have been buying REIT stocks and opting for my quarterly dividend payments to be used to buy more units. The stock price has tanked a little since last year but with the autobuy option I'm actually accumulating more units at a cheaper price which is a win when prices go back up in the future. I've also invested in precious metals back when prices were much cheaper so I can gain tax-free capital gains (confirmed by my accountant) when prices continue to soar. Back in 2018 I paid off all my loans when gold and silver prices shot up, and the surplus also covered all the interest I have ever paid to the bank for that loan, so it's almost like the bank gave me free money lol

[CharlieM]

I don't know...but the vibe i get around the traps are that most decent run shops are flat out. I believe that we havnt hit rock bottom yet as far as the cost of living goes and how much it will influence a drop in business in most shops. At this stage the price for a good punt has been increasing... for how long will this be sustainable...who knows.

[birch]

I get regular updates from from a couple of regular ML's I see off and on and both have hit and miss days but its all relative! age + location are factors... It's clear the younger one gets much more work than the older one does - so a busy day for a ~27yo Thai ML in a city shop (Alice / Cindy) on a Tuesday can be 8 jobs but 6 is typical. But for the 33Yo Thai in Bondi (Jenny) is lucky if she scores 4 jobs on her busiest day. On the flip side yesterday the 26yo scored 4 jobs in
Balmain up to 5:30 PM and then a 6th just on closing... but she had nothing before 3PM.. The older girl scored just 2 jobs yesterday in Bondi.
Jenny recalls before Covid she never had a day with less than 3 jobs and 4- 6 jobs was typical for her. Poor Alice arrived 2 months before COVID hit... so every day is still a new experience for her!

[Candy1234]

I don't know...but the vibe i get around the traps are that most decent run shops are flat out. I believe that we havnt hit rock bottom yet as far as the cost of living goes and how much it will influence a drop in business in most shops. At this stage the price for a good punt has been increasing... for how long will this be sustainable...who knows.
I remember I came back to punting last year and the girl asked $100 for the extra, I thought yo this girl is crazy! The last time it was barely $50 lol way back in 2015. I guess everything has to go up ey. $100 extras is still doable for now but anymore would be iffy. I doubt the bosses of ours would increase our wages accordingly lol. My cous told me his electricity for the month went up a lot so I’m still waiting for mine to come and see what’s the deal.

[GoldfishMan]

The problem with rising wages GFM is that it also increases costs to manufacturers and suppliers so they in turn put their prices up. So in reality the extra money in your pocket still buys the same or less, its a vicious cycle. And in normal times as wages increase so to does unemployment but because we have virtually zero migration that won't happen as much this time. Also with all the turmoil and hyped up recession talk in the news a lot of suppliers have taken the chance and increased prices to the point of gouging, glass has gone up 33% over the last year aluminium over 40%. Shipping charges and terminal fees have gone up over 50%.

It may be a bearish market JJ but with inflation and unemployment rising around the world the markets still have a way to go before hitting bottom, my smsf is cashed up but I'm not prepared to buy right now as I think there'll be more bargains in 6-12 months time.

I wouldn't call that a vicious cycle. It's simply every man for himself... If you don't jack up your price, your PPP will be swallowed up by the inflation. Gotta move with the times, not against it.

If I had to choose between seeing the price of everything going up and everyone getting a bigger pay check to keep up, vs prices staying the same but only a select few getting "wealthy", guess which one I would choose? Don't go calling me a Commie now, I just have a heart!

I wouldn't buy anything at the moment if I were you, we are nowhere near the bottom. Keep your eyes and ears peeled for news from the US tonight AEST. If you see 75 basis point rate hike being printed, sit back and watch the carnage unfold everywhere tomorrow.

[priapus1966]

Anyone else remember the days of Paul Keating and "the recession we had to have?" Whatever else you think of him he was the patron saint of punters - provided you hung on to your job or had a steady income. So many men and women lost their jobs when a tidal wave of higher interest rates hit. Mortgage payments went through the roof, women especially, had to find an alternative income and there was a huge influx of Caucasians ( a fair number of which were married) into the industry.

Most of them were not much good at part 1 and soon worked out that they had to offer more extras to make a quid. I well remember a 27 year old pretty Italian in Chatswood giving BBBJ, CIM and FS at the standard fee of $90/hr for regulars. She kept up 10 hour shifts 6 days a week for 2 years before she went back to her (now employed) husband and started having sprogs. Good days for punting, they didn't last: but supply and demand being what it is, a recession will bring at least some silver lining.

[GoldfishMan]

Anyone else remember the days of Paul Keating and "the recession we had to have?" Whatever else you think of him he was the patron saint of punters - provided you hung on to your job or had a steady income. So many men and women lost their jobs when a tidal wave of higher interest rates hit. Mortgage payments went through the roof, women especially, had to find an alternative income and there was a huge influx of Caucasians ( a fair number of which were married) into the industry.

Most of them were not much good at part 1 and soon worked out that they had to offer more extras to make a quid. I well remember a 27 year old pretty Italian in Chatswood giving BBBJ, CIM and FS at the standard fee of $90/hr for regulars. She kept up 10 hour shifts 6 days a week for 2 years before she went back to her (now employed) husband and started having sprogs. Good days for punting, they didn't last: but supply and demand being what it is, a recession will bring at least some silver lining.
Mate, I am not ready yet to pass judgement on the ALP, but the verdict for the LNP is pretty clear. They've had more than a decade in power to do something about our energy security yet they've done nothing. All they did was sit back and said "she'll be right mate" and did fuck all.

The result? Australia is the top exporter of natural gas, yet we are in the same boat as any other country, at the mercy of rising gas prices. We like a chicken farmer that has to pay retail price for a chook, it's a fucking joke mate.

[Sibon]

Hi All,

Just a question, I am wondering if you also
started to feel that shops are getting less busy these days mainly due to rise in cost of living, inflation etc?

The massage shops I've been going to are still busy.

Men need relief in time of stress.

[Vader]

Don't forget girls and shops don't pay their fair share of tax and a lot have 10% surcharge for eftpos and card payments.

[cuteguy]

Don't forget girls and shops don't pay their fair share of tax and a lot have 10% surcharge for eftpos and card payments.

Wait until cash is replaced by a digital currency then everyone will be paying their fair share of tax.

[Vader]

Wait until cash is replaced by a digital currency then everyone will be paying their fair share of tax.

Agree, but that will be a while yet.

[Bredandwine]

Agree, but that will be a while yet.

Haha the horizon where shops start accepting crypto is not far away hey..

[Sibon]

Don't forget girls and shops don't pay their fair share of tax and a lot have 10% surcharge for eftpos and card payments.

I saw a ML having a small bag of condoms. Yet she wanted me to supply the condom or charge me $2 for it.

With the inflation I guess next I have to pay for the tissue papers too or bring my own Kleenex.

What do I tell my wife when going out I carry a box of Kleenex under my arm?

[rooter]

There is always a market for vice.
In boom times, in hard times, whatever, people always need release, to have fun, to unwind, to do something crazy, to escape and forget their normal daily life.
Gambling, alcohol, prostitution - if you are a good businessman you can't go wrong.
Just get the basics right - good quality girls, that provide good service, efficient reception staff, nice clean premises.
If you build it they will come - and pay - and cum :)

[Bredandwine]

I saw a ML having a small bag of condoms. Yet she wanted me to supply the condom or charge me $2 for it.

With the inflation I guess next I have to pay for the tissue papers too or bring my own Kleenex.

What do I tell my wife when going out I carry a box of Kleenex under my arm?

WTF that's ridiculous... Surely the condoms are provided by the shop, not from her own pocket. SMH would avoid that ML haha

[cuteguy]

WTF that's ridiculous... Surely the condoms are provided by the shop, not from her own pocket. SMH would avoid that ML haha

Why would a massage shop provide condoms? They're not supposed to provide FS. The girls will bring their own condoms if they provide extras. As for tissues, I heard some shops charge their girls for overuse of tissues. Thank goodness the girls bring their own wet wipes.

[Sibon]

Why would a massage shop provide condoms? They're not supposed to provide FS. The girls will bring their own condoms if they provide extras. As for tissues, I heard some shops charge their girls for overuse of tissues. Thank goodness the girls bring their own wet wipes.

Some shops are so strict about not offering the extras for fear of council's checks that they forbid the girls to carry condoms.

[Bredandwine]

Why would a massage shop provide condoms? They're not supposed to provide FS. The girls will bring their own condoms if they provide extras. As for tissues, I heard some shops charge their girls for overuse of tissues. Thank goodness the girls bring their own wet wipes.

Hmmm true ive been enlightened now. Would have thought that most girls would provide CBJ. But even still - point is charging for these amenities is a bit far fetched

[cuteguy]

Some shops are so strict about not offering the extras for fear of council's checks that they forbid the girls to carry condoms.

That reminds me of one shop where extras are usually not offered. One girl had no condoms and offered BJ with a cling wrap. I said no thanks. She seemed desperate for money since it had been quiet that day at the shop.

[Bredandwine]

That reminds me of one shop where extras are usually not offered. One girl had no condoms and offered BJ with a cling wrap. I said no thanks. She seemed desperate for money since it had been quiet that day at the shop.

Holy shit lol not sure how cling wrap would feel... honestly could quite hurt haha

[cuteguy]

Holy shit lol not sure how cling wrap would feel... honestly could quite hurt haha

I was surprised that she took it out of her pocket. Was it used for her sandwich or cover for her food? I don't know.

[Bredandwine]

I was surprised that she took it out of her pocket. Was it used for her sandwich or cover for her food? I don't know.

Hahaha wrapped her lunch then over to wrap some dicks. Saving the world from single use plastics one dick at a time

[Sibon]

Holy shit lol not sure how cling wrap would feel... honestly could quite hurt haha

It depends how tightly she wraps the little brother.

Some girls put a rubber band over it to prevent the wrap slipping out. The rubber band restricts blood flow and makes a ring mark over the little brother. Hopefully your wife doesn't notice it as it take a few days to disappear.

[Bredandwine]

It depends how tightly she wraps the little brother.

Some girls put a rubber band over it to prevent the wrap slipping out. The rubber band restricts blood flow and makes a ring mark over the little brother. Hopefully your wife doesn't notice it as it take a few days to disappear.

Jesus lol the rubber band acts as a pseudo cock ring. Interesting antics, will bring my own condoms next time and save the cling wrap for my food

[warwick1]

I heard on the news this morning that there has been a run on tissues at supermarkets depleting shelves, some of you classy fellas might have to start wiping yourselves on the curtains in the shops after your session....

[cuteguy]

I heard on the news this morning that there has been a run on tissues at supermarkets depleting shelves, some of you classy fellas might have to start wiping yourselves on the curtains in the shops after your session....

What's the world coming to now? Before it was a run on toilet paper. Now it's tissues. What's next? Condoms?

[warwick1]

I saw a ML having a small bag of condoms. Yet she wanted me to supply the condom or charge me $2 for it.

With the inflation I guess next I have to pay for the tissue papers too or bring my own Kleenex.

What do I tell my wife when going out I carry a box of Kleenex under my arm?

Not much Kleenex around at the moment, empty shelves at my local Coles, and you have a wife! Does your mum know............

[tkicks]

I wouldn't call that a vicious cycle. It's simply every man for himself... If you don't jack up your price, your PPP will be swallowed up by the inflation. Gotta move with the times, not against it.

If I had to choose between seeing the price of everything going up and everyone getting a bigger pay check to keep up, vs prices staying the same but only a select few getting "wealthy", guess which one I would choose? Don't go calling me a Commie now, I just have a heart!

I wouldn't buy anything at the moment if I were you, we are nowhere near the bottom. Keep your eyes and ears peeled for news from the US tonight AEST. If you see 75 basis point rate hike being printed, sit back and watch the carnage unfold everywhere tomorrow.
______
No mate. Mkt wanted 75 BP hike cos they wanted to see decisive action to strangle inflation earlier rather than it become structural.. that's why we all green on s&P and asx today.... But you right, don't buy anything now, more downside awaits

[Climax598]

______
No mate. Mkt wanted 75 BP hike cos they wanted to see decisive action to strangle inflation earlier rather than it become structural.. that's why we all green on s&P and asx today.... But you right, don't buy anything now, more downside awaits
Looks like a 'dead cats bounce' to me. Drop a few days then bounce a little a few day then big drop again.

[priapus1966]

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.

[GoldfishMan]

Looks like a 'dead cats bounce' to me. Drop a few days then bounce a little a few day then big drop again.

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.

[The Sampler]

Welcome to the bear market, time to accumulate and setup for the 2025 bull run lol.

[JohnJones]

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.

[schloong]

Well said mate! I couldn't agree more...

[Sibon]

.....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.

Agreed. First top of the list is not to visit any massage parlour.

$170 per punt is my biggest item of weekly expenditure.

[beta101]

Less busy. It's too cold to get gud lol

[cuteguy]

Agreed. First top of the list is not to visit any massage parlour.

$170 per punt is my biggest item of weekly expenditure.

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.

[Mickeydrippen]

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.

[MDPorto]

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.

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)

[Climax598]

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.

[Labia Vortex]

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

[Kiwi Punter]

The problem with capitialism is that you eventually run out of other peoples money to spend !

I thought that was socialism.

[Partyallnight]

Welcome to the bear market, time to accumulate and setup for the 2025 bull run lol.

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.