Inflation

[over9k]

The Fact there was no pause after the banking fiasco seems to indicate they want to crash land this sucker.

And you thought the yanks had it bad - just wait until europe's winter.

 

[Belli]

I don't know about anyone else but I'm trying my darnedest to pump the CPI up by buying a new camera body with an adaptor so I can use my present lenses while I gradually upgrade.

Any have you seen the price of the memory cards!

SanDisk Extreme Pro 256GB 1500MB/s CFexp | Digital Camera Warehouse

Buy the SanDisk Extreme Pro 256GB CFexpress Type B 1500MB/s Memory Card from Digital Camera Warehouse

www.digitalcamerawarehouse.com.au

 

[mullokintyre]

I don't know about anyone else but I'm trying my darnedest to pump the CPI up by buying a new camera body with an adaptor so I can use my present lenses while I gradually upgrade.

Any have you seen the price of the memory cards!

SanDisk Extreme Pro 256GB 1500MB/s CFexp | Digital Camera Warehouse

Buy the SanDisk Extreme Pro 256GB CFexpress Type B 1500MB/s Memory Card from Digital Camera Warehouse

www.digitalcamerawarehouse.com.au

Count your blessings.
The very first 10MB (yes MB, not GB) hard drive I bought cost around $2200 that attached to an IBM 5150.
I guess with inflation that would be around $7,000 to $8,000 today.
Mick

 

[divs4ever]

I don't know about anyone else but I'm trying my darnedest to pump the CPI up by buying a new camera body with an adaptor so I can use my present lenses while I gradually upgrade.

Any have you seen the price of the memory cards!

SanDisk Extreme Pro 256GB 1500MB/s CFexp | Digital Camera Warehouse

Buy the SanDisk Extreme Pro 256GB CFexpress Type B 1500MB/s Memory Card from Digital Camera Warehouse

www.digitalcamerawarehouse.com.au

have been stocking up on ( mostly ) USB drives ( thumb-drives ) to store data long term

an interesting variation in quality at that level of tech

am assuming 'the cloud' will face a major censure event ( and probably major hacking events )

 

[wayneL]

Count your blessings.
The very first 10MB (yes MB, not GB) hard drive I bought cost around $2200 that attached to an IBM 5150.
I guess with inflation that would be around $7,000 to $8,000 today.
Mick

I remember my folks bought a 386 with the bigger HD (20mb ) and an accounting package for about $8k, mid 1980s

 

[divs4ever]

I remember my folks bought a 386 with the bigger HD (20mb ) and an accounting package for about $8k, mid 1980s

one of the extreme annoyances of my computer hobby is the DRAWERS full of 40 MB hard drives that are fully functional despite coming my way via abandoned/obsolete computers ( not a penny paid for any ) compared to the TWO surviving 40 GB hard drives ( bought brand new ) ( the failed ones were donated to a buddy researching wind turbines and various magnet uses )

 

[JohnDe]

one of the extreme annoyances of my computer hobby is the DRAWERS full of 40 MB hard drives that are fully functional despite coming my way via abandoned/obsolete computers ( not a penny paid for any ) compared to the TWO surviving 40 GB hard drives ( bought brand new ) ( the failed ones were donated to a buddy researching wind turbines and various magnet uses )

$80.00 for a 500GB internal HDD but I use SSDs for my home PC, need the speed for video transfer.

 

[divs4ever]

$80.00 for a 500GB internal HDD but I use SSDs for my home PC, need the speed for video transfer.

use a thumb drive with an operating system loaded for emergency back-up on tense trading days ( say power down , or internet down , main operating system issues etc etc ) run it off a car battery using the phone as a mobile hot-spot .

i will say one thing nice about the NBN , it has sure inspired me to be creative

 

[waterbottle]

UBS and Deutsche now dumping. Contagion has arrived

 

[over9k]

UBS and Deutsche now dumping. Contagion has arrived

Let's see if growth plays run on rates dropping. AUD's already down 0.75% and going.

 

[divs4ever]

Deutsche Bank shares plunge after spike in credit default swaps

Deutsche Bank shares plunge after spike in credit default swaps By Investing.com

Deutsche Bank shares plunge after spike in credit default swaps

www.investing.com

 

[farmerge]

Deutsche Bank shares plunge after spike in credit default swaps

Deutsche Bank shares plunge after spike in credit default swaps By Investing.com

Deutsche Bank shares plunge after spike in credit default swaps

www.investing.com

Appears that the parachute only partially opened. A hard landing is in the offering.

 

[over9k]

Euro PMI comes in at 55.6 vs 52.5 estimated. Europe probably a good 6-8 months behind the yanks in the inflation fight and with far more structural problems to deal with too.

 

[Knobby22]

Euro PMI comes in at 55.6 vs 52.5 estimated. Europe probably a good 6-8 months behind the yanks in the inflation fight and with far more structural problems to deal with too.

Ambrose thinks it's hard landing time for Europe and USA.

We should expect more financial shocks until the message sinks in

The Fed needs to change its tune or the banking crisis will keep escalating.

www.theage.com.au

 

[Dona Ferentes]

Deutsche Bank shares plunge after spike in credit default swaps]

OR ....

...[after witnessing at Credit Suisse the] bumbling regulatory efforts, the short-sellers have predictably turned to the next most obvious target, Deutsche Bank.

They started by pushing its credit default swap spreads sharply wider, which is easy to do. This is an insidious way to signal that DB is harbouring prospectively large losses (never mind that nobody can actually identify any). It further makes counterparties very nervous about trading with DB, which is a key part of its investment banking business.

The hedge funds then attack DB’s bonds and equities, which are both very easy to short. Planting spurious news stories about latent DB risks in its US commercial real estate portfolio helps seal the aspirational death spiral, much as the old, recycled line about the Saudi National Bank not being able to increase its stake in Credit Suisse (due to regulatory constraints) triggered a 30 per cent decline in its share price.

The bottom line is that US and European regulators need to speed up the intensity of their own policy reaction functions to these contrived attacks on systematically important institutions given the velocity of digitised money.

- Christopher Joye

 

[divs4ever]

DB has to wrestle with a weakening local economy , so a reduced chance of trading it's way out

in 2008 Germany had a solid manufacturing heart and if DB can stretch out repayment times a glimmer of light was possible

however currently the German industrial heart may only be profitable six months a year ( rising costs will be a real problem )

DB breaking even ( or worse ) for the next three years is really going to test the lender's patience ( sometimes a tax loss is your best choice )

given CS has crumpled , DB is drawing negative sentiment where/who next ( these aren't major banks in third-world nations , this is worry right inside the G7 )

 

[over9k]

Fed swaps now pricing a hike at the next meeting.

Called it.

 

[mullokintyre]

From Zero hedge

 

[over9k]

This is why I'm so bullish on this whole goods vs services inflation thing. With a global baby bust/population peak hitting right about now, "growth" (building more stuff) basically isn't going to be necessary, but maintaining the existing stuff is.

 

[frugal.rock]

A Brazilian perspective. Please don't shoot me @sptrawler ?
Good for Brazil