wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
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I must admit (mainly because I have position myself for this), that I agree this is the way forward.
Klaus' great reset sounds far less appealing to be honest.
I must admit (mainly because I have position myself for this), that I agree this is the way forward.Let inflation run rampant and ease the burden of the debt.
I have some petrol that can add to the fire.I must admit (mainly because I have position myself for this), that I agree this is the way forward.
Klaus' great reset sounds far less appealing to be honest.
The lessons from the Great Depression are pretty clear. If governments react to lack of government income by cutting spending then that just makes things worse and stretches out the recession.
Value and support consumers, they are the ones that keep the economy running. Invest in productive infrastructure, power stations, efficient transport structures and anything that supports job creation.
The Great Ocean Road in Victoria is another that springs to mind.Two past examples from the 1930's in Tasmania that I'm aware of are the road to the top of Mt Wellington and Tarraleah power station.
Both were "make work schemes" in the 1930's and both are still in use. The road is still the only road up the mountain and a common tourist destination whilst Tarraleah still generates about 6% of the state's electricity today. Both provided construction work at the time and have been of ongoing value ever since.
If we're going to spend $ well then things of that nature in all states would seem like the way to do it. Transport, water, energy, communications etc infrastructure or even things like opening up land for housing and putting the roads etc in and selling the blocks at a fixed price.
they're doing that, I think. Laverton to Uluru then NT to BouliaSealing the Great Central Road and a Road from Alice straight across to Queensland, would be another good nation building project..
That's great, I have done it quite a few times over the years and always thought it should be sealed. Trucks use it a lot as a short cut, but the N.T side gets cut up pretty badly.they're doing that, I think. Laverton to Uluru then NT to Boulia
https://rvdaily.com.au/outback-way-sealed/
Yeah, that along with bracket creep to slowly pay what remains off would be the lowest-pain solution IMO.I must admit (mainly because I have position myself for this), that I agree this is the way forward.
Klaus' great reset sounds far less appealing to be honest.
I know we think of the fangs when we say megatech, but netflix really shouldn't be in it.
View attachment 108206
The megatech has pasted etf's over the past 3 months just like it did the previous three.
This idea of a rotation is a bit odd, if anything we've seen an even greater divergence begin over the past fortnight or so:
View attachment 108207
And that's just the S&P, the nasdaq divergence is even greater, and FAAMG even greater again.
I do hear you about the massive price to book ratio:
View attachment 108208
But at the same time, in the .com bubble even the little guys (in tech) were soaring. This time around, the little guys are all going bust in basically every sector/industry, and the big players are picking their marketshare(s) and assets up for peanuts. This is, depressingly, the ideal market conditions for big players that can raise the capital necessary to ride the storm out. The bigger the player, the better it's doing.
Even the oil supermajors are getting absolutely hosed - by aramco.
Finally, just in case anyone's in any kind of doubt as to the absolute juggernauts the megatech are, check this out:
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The conspiracy theorist in me says that the democrats have engaged in a gambit - logjam stimulus to torpedo the economy in the hopes that trump gets the flak for it. Now that they've moved all their own money around to where it needs to be and don't need to approve the stimulus to rescue their own portfolio's, the whole thing can go to hell in a handbasket & they won't care.
I base this on nothing other than pure cynicism of politicians and knowing that nothing is beyond (or beneath) them.
Correct.
This is not what happens:
So back to economics, what is a life worth?
"Cabinet papers have previously revealed jailing him will cost $NZ3.59 million ($A3.33 million) for the first two years of his stay at Auckland’s Paremoremo Prison."
https://www.news.com.au/national/cr...a/news-story/28af4bd217e231ac8553bd4ee72b6c18
So along with the discussion of how much we should throw at saving some lives, we have a person that costs lives, but the goodies in our society would say that all lives should be spared, regardless if they are murderers.
The above demonstrates how far we are removed from reality.
I can save the NZ govnits $A3.32M, single bullet, solved said problem.
If this is a forum about shares, trading and investing, it seems worthless are few are willing to deal with or discuss the reality of life and death.
Happy trading, just need a human to trade with.
What ?!! Shoot all of Melbourne!!!How much do you reckon could be saved if we shoot the entire prison population ?
How much do you reckon could be saved if we shoot the entire prison population ?
So I have tried to be good, I have given consideration to Joe, who manages this forums, but you continue to antagonise.
You SIR are a xxxxxx, and if you disagree, I have PM my details, lets see the man/woman you are.
But please provide constructive conversation than taking things to extreme, it is this extreme that polarises society and creates discontent.
Or, I have misinterpreted, your statement, and you would rather spend $2M keeping a killer alive than providing support to others that have tried to provide and benefit our society.
I am calling you out, as a keyboard warrior.
Fully agree and we see it everyday here: people who had planned to move up the coast to retire do it nowThinking about the long term impacts of this overall situation, I'm thinking that a change in psychology of the masses is one plausible outcome. Just some random thoughts here really.
My basic theory is that we all know that certain risks exist. Examples:
We know that we'll eventually die and that there's a small but not insignificant chance that this happens far earlier than we'd assumed.
We know that the historic building we wanted to see somewhere overseas might burn to the ground due to an accident of some kind.
We know that the band we want to see live might never tour again. They might split up or someone dies or they just decide to call it quits.
And so on. Whatever's on that "bucket list" we know there's some chance you might have to cross bits of it off, you never get to see that building and you never attend a concert by that singer, and there's a small chance that you die far sooner than you'd expected.
What's changed however is that the whole lot's gone. All of a sudden you can't see any show by any band anywhere. Doesn't matter whether it's anything from heavy metal to retro pop to an orchestra, the whole lot all of a sudden is gone, kaput, you ain't seeing nothing. That's a risk that nobody would have previously considered - the idea that literally the entire concept of live music comes to a halt just wasn't credible until it happened.
Likewise all of a sudden it's not just that you can't travel to some place overseas because there's a war or there's a natural disaster or whatever. All of a sudden those in Melbourne can't just decide that OK, well if they can't go to wherever in Europe then they'll go to the NT or Tasmania instead and for that matter they've never been to Adelaide so might do a road trip and check that out too. Nope, can't do that either indeed they can't even go to Geelong. Heck even the Melbourne CBD is in practice off limits for many.
That's a drastic escalation of the risk that you can't do something, whatever was on your list, that most wouldn't previously have considered. You've got money, you're in good health, the building's still there, the band's still together, there's no war, there's no natural disaster and so on but it just isn't happening. You ain't going nowhere.
Meanwhile careers are in tatters, businesses are stuffed and so on. All manner of "tomorrow" plans are in complete disarray.
I'm thinking that we may see a "live for today" mentality once this is all over. The whole concept of sacrifice now but you can always do x tomorrow has had the rug pulled out from under it. All of a sudden you've either been to London (or wherever, just an example) or you're not going there anytime soon and so on. All of a sudden money can't actually buy a lot of things you'd assumed it would be able to buy.
Meanwhile at the same time the risk of not having money has been largely removed by the actions of government. Economy falls in a serious hole? Well now we know what happens - welfare gets doubled. All of sudden the risk of living pay to pay just got a lot lower.
So where all that brings me to is a thought that the balance just shifted. The risk of running out of money just got lower and the risk of having money but not being able to spend it has turned out to be far more real than most had expected. That being so, I'm thinking that once this is all over, those who are able to do something now, whatever that is, may be more inclined to do it now rather than leaving it as a future plan. In other words a "live for today" mentality.
Just a random thought as to the long term implications. I may well be wrong etc.
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