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Mike Nahan was pretty sour on Barnett, too, Lachlan… and has just today taken up the reins as opposition leader. Nahan has blamed Barnett for the Libs' crushing defeat, but there were multiple reasons they were blown away. My contention that “…the mining lobby's attacks on Grylls appear to have backfired bigtime…” was incorrect. Grylls was beaten, albeit by a few hundred votes. Mine dew, he had upset all the chalkies by raising their government housing rent a few weeks before. A pity, as he was the best pollie rural and regional Australia had ever seen… [...]
Tue, Mar 21, 2017
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Ha ha, with that serious look on her face, had to laugh at Pauline's sour milk analogy with regard to Colin Barnett. Otherwise, it can be a virtuous position in politics to have someone attacking you…assuming the mob views you as a decent person. [...]
Sun, Mar 12, 2017
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Oils ain't oils, Lachlan… . 🙂 I'm getting 100 kms+ from a single charge of my eBike. Consensus is these things have improved tenfold technologically in the last two years. We've decided to get rid of one of our two cars, in fact. I'll even sell my older (vintage) motorcycle… !~ Retirees, who no longer need to live where they work, or meet rigid time schedules, are going to adopt this technology in droves. Empty nesters like us can carry a week's shopping in our waterproof panniers and travel long distances in half the time. Meanwhile Labor has won [...]
Sat, Mar 11, 2017
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I'll be pragmatic today Biker. In any event the public-private dichotomy is horribly complicated. I breathed a sigh of relief when I heard about the Trumpfrastructure. Not because I have first hand knowledge of it as you do. I accept that somebody will be calling the shots over the mob. Yet there remains a vast gulf between the wisdom of spending public money in various ways. Infrastructure spending to my mind is a sensible and primary concern no matter how it is brought about. [...]
Sat, Mar 11, 2017
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There's a nice bearish week for you Greg. Oil down about $4.50…ouch! Interestingly WOR didn't budge in any direction. Also Bill Gross this week,”Our financial system is a truckload of nitroglycerin on a bumpy road”. No worries though. The oil price could simply play out as a savage downside shakeout before moving higher. The Dow however has provided a coincident bearish sign. Most of the gains from last weeks rippa rally have gone and in order to prevent a break through a key support next week it will be necessary for some more upside. In any event the xjo looks calm for now. [...]
Sat, Mar 11, 2017
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Lachlan: “…we will soon smash and rebuild a lot of things…” I'm with the camp which supports infrastructure as a way of rebuilding economies, Lachlan. I still marvel at some of the projects in south-west Australia, initiated during the Great Depression. It's not the _ideal_ solution, of course. Ideally private enterprise takes on these mega-projects, but since the rise of the shareholder, major developments will probably only occur if there's an almost _immediate_ pay-off(!) This is possibly the sole point on which I really agree with Trump. Infrastructure, replacing crumbling bridges, poor quality roads, inadequate pipelines, etc., is l-o-n-g overdue in [...]
Wed, Mar 08, 2017
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What I feel unsure about are the particulars. How will we fair in the great southern land? [...]
Wed, Mar 08, 2017
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Rates and stocks Greg? More analysts seem to weighing in on the bear case, Mr Schiff etc. Biker, the new era of nationalism, the militarism etc cohere with otherwise different observations I've made in past years. They urge me to believe we will soon smash and rebuild a lot of things. Indomitable institutions might fall like a trade tower as people struggle to comprehend. Then we'll erect new ones of course. [...]
Tue, Mar 07, 2017
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An opposing view here(?) http://www.watoday.com.au/video/video-news/video-world-news/chinas-defence-budget-rise-to-slow-20170304-4rbue.html [...]
Sun, Mar 05, 2017
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I wonder if plans by superpowers, to increase militarism, might not mean a dramatic rise in resource stocks(?) In addition, wall-mongering may require the US to reduce its export of steel, at least until its borders are ‘secure'. Ironic perhaps that a(nother) Great Wall (the first of many) built to reduce the impact of unwanted migration is to be erected to repel Mexican invaders. Photos of existing barriers indicate that this outfrastructure may indeed absorb much US steel; as may Trump's infrastructure projects. China's decision to almost match the US commitment to an arms build-up may herald a new resources [...]
Sun, Mar 05, 2017
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I get the feeling that the US market is starting to cool down a little. If US interest rates inch up this month then that might also bring down stocks a touch. Either way it seems like a correction can't be too far away. [...]
Wed, Mar 01, 2017
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I missed out on the iron rush, Biker. I was so wrapped up in cheap energy I didn't spare a thought for iron ore. [...]
Wed, Feb 15, 2017
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Thanks for the birthday happies, Lachlan. Surprised I've made it so far. Have lost a lot of younger friends. Really impressed with the Hobie kayak range, Lachlan… particularly the fishing models. Next year, we may do an around-Oz trip… and the missus has suggested we car-top either a two-seater, or two Hobies. We took a couple out on the Swan River. They're so stable you can stand up in them. Now that's another technology I like… . How about iron ore prices??!!~ [...]
Tue, Feb 14, 2017
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“tipping point” I guess we have controlled the spread of nukes, somewhat. Lets hope the killer robots don't get so far [...]
Tue, Feb 14, 2017
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Happy birthday Biker! Those ebikes are interesting. My son has tried telling me about them several times now you mention it. There is an asx company, Vmoto, having a go there. If I lived on the coast or owned a place there I would buy one for sure. Loved bikes as a younger fella. Will keep working on that one. In a similar vein I was about to purchase kayaks for myself and the kids so we can exercise and explore together. Takes a little over two hours from here to the nearest beach…which we do quite a bit. Lots of [...]
Tue, Feb 14, 2017
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I share your concerns re technology, Lachlan. Is there a tipping point, I wonder?* I find I derive the greatest pleasure from growing more of our own food, these days. Preventing forest animals from consuming it before we do is a challenge… . Your goals are achievable. Go for it. * Turning 70 in a matter of daze, I've relented and bought an eBike. Will still keep (and ride) my mountain bike, but much longer distance cycling will now be possible… . [...]
Fri, Feb 10, 2017
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Ok that's interesting. Chris remains a bull. Nadeem Walayat, an outspoken bull, well he wants to short the dow this year. Peter Schiff has little good to say for it either. [...]
Thu, Feb 09, 2017
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Please add commas where appropriate sorry. Always rushing. A for the hang ups, I have no hang ups about succeeding materially. Many people are conflicted about material success, money etc …I find. I am however unsure about where technology will eventually take us. [...]
Thu, Feb 09, 2017
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