Comments

1. 

   stagmal May 12, 2018 at 3:56 pm

   love the u.s housing stock age map – really highlights just how little population growth there has been in the midwest and great plains states compared to the sunbelt and west coast.

   • 

     Jacob May 12, 2018 at 8:36 pm

     I love that map too. It shows where I can find free-market bathrooms in USA.

     I also love the interest rate graph over the last 5000 years.

   • 

     RyanMEMBER May 12, 2018 at 9:41 pm

     Excellent graphic. Would love to see that focused on cities; both in the US and Australia.

     For anyone trying to figure out the pixelated credit down the bottom. http://spifczyk.tumblr.com/

     • 

       GunnamattaMEMBER May 12, 2018 at 9:58 pm

       Image updated, cheers brother

   • 

     Mining BoganMEMBER May 13, 2018 at 7:59 am

     https://newfoodeconomy.org/rural-kansas-depopulation-commodity-agriculture/

   • 

     ColinMEMBER May 13, 2018 at 9:51 am

     Yeah, still a few places I can live there with my sheet of Corry too.

   • 

     JohnRMEMBER May 13, 2018 at 1:50 pm

     Does this include tarpaper shacks?

     looks like a weather map.

2. 

   nyleta May 12, 2018 at 4:06 pm

   AOFM wishful thinking….would love to know more about those interbank AGB dealings…….looks like they are looking to firm up the 20 year bond futures market

   https://cdn.tspace.gov.au/uploads/sites/31/2018/05/AOFM-Budget-2018-19-Update.pdf

   • 

     GunnamattaMEMBER May 12, 2018 at 10:02 pm

     very nice set of charts there, thanks for the tip.

3. 

   haroldusMEMBER May 12, 2018 at 6:50 pm

   hey gunna put a post in weekend links to tell em about this

4. 

   TailorTrashMEMBER May 12, 2018 at 7:15 pm

   As always that is Gunna Gold ……great mate ….more please …anytime .

   And jeez that first chart says Straya is a struggling enterprise
   …but when you become acquainted with the landscape you can know why ..hard country …no water .and poor carrying capacity …if in most of it sheep can’t make it …can hopeful immigrants do it speculating on concrete boxes ?
   …….the end may be postponed………but it will come .

   • 

     Jacob May 12, 2018 at 9:09 pm

     I think automation will be a triple whammy for Australia:

     If driverless forklifts and cars become a thing, the “skilled” immigrants will not be able to get jobs here and will stop coming over – which in turn will kill the ponzi jobs such as town planners, builders, and real estate agents.

     If there is no hope of getting a job, people will move out of Sydney and real estate prices will collapse.

     Federal government revenue will collapse due to it being dependant on income taxes rather than LNG export taxes.

     UAE has no income tax and does not give out citizenship easily. So the 3rd world labourers can be booted out when robots take over and the economy would keep functioning as if nothing changed. While the 3rd world laborers in Australia are given citizenship within 4 years and Australia will have to give them a UBI when robots drive the forklifts.

     • 

       PantoneMEMBER May 13, 2018 at 9:20 am

       Interesting point about UAE. I’d never thought that a dependence on income tax would incentivise population growth, but it makes sense.

5. 

   Janet May 13, 2018 at 7:45 am

   From Global Pension Dilemma graph!

   The pension gap in these 8 countries ( Aussie, USA , China and India included) stood at $70 trillion in 2015, 75% of which was funded by Government debt. It is expected to reach $400 trillion by 2050, 5 times the value of global GDP”

   • 

     St Jacques May 13, 2018 at 7:29 pm

     A lot of old people are going to have to work till they’re 80 or drop, oh wait, what about the machines? Will their super-rich owners be happy to pay for the pensions of the useless – ie – the rest of us?

     • 

       Jacob May 13, 2018 at 9:41 pm

       St Jacques, some billionaires are happy to – Sam Altman, Mark Zuckerberg, Elon Musk, maybe Melinda Gates (but I think she only cares about the poor in Africa and does not give a damn about the poor in USA). Heck, Musk is even calling for reciprocal import taxes on Chinese cars.

       USA almost gave everyone a pension in 1970! What a coincidence that the 2 men who were going to put in a universal pension were dismissed! Whitlam and Nixon. We got universal healthcare though.

       90% of the newspapers in 1969 wanted a universal pension! And now 90% of the newspapers are owned by Murdoch.

6. 

   Wiley Wolf May 13, 2018 at 8:03 am

   GDP is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly). In 1944, GDP became the main tool for measuring a country’s economy, loosely based on the approach that all of the product produced must be bought by somebody, so the value of the total product must be equal to people’s total expenditures in buying things. (as it generally was in those days)
   In layman’s terms for Straya, since 1944 there has become 2 separate economies, the real economy
   and the the financial economy. The financial economy FIRE is now HUGE cos of all the superannuaton running around in it, and as we are seeing at the banking RC fees for the management of that money are based on the volume of money, not the performance of the manager.(a typical ponzi perpetual motion machine concept)
   In Straya the real economy is at the bottom of the harbour.
   My call is that FIRE sector contribution to GDP should be classified as an economic overhead, (which should be subtracted from GDP not included in it) which I claim is the real measure of the growth of an economy.
   With that consideration, GDP for straya mate should be only 1/3 of what is shown on charts, thus debt for example is through the roof. Some say society cannot advance until debts are repaid.
   But as interest rates for dept repayment are much greater than the growth in the real economy, we are in the great coriolis spiral down the toilet
   Remember:
   You cant spend your way to prosperity!
   A service industry cannot support an economy!
   The wealthy will not support the poor.
   You cant legislate aptitude and intuition
   You cant legislate innovation.
   It is easier to keep a pig away from the trough, than to get its snout of it

   Debt in almost every country is equal to the entire GDP, the entire national income.
   Now, if debt is equal to GDP and the interest rate on debt that people have to pay is 4%, then if economies only grow at 1 or 2% (as they are today), then ALL their economic growth has to be devoted to repaying the financial sector in interest payments.
   On interest alone – no repayments of principal to pay down the debt.
   This is the phenomenon of debt deflation which is terminal for an economy

   • 

     St Jacques May 13, 2018 at 3:22 pm

     “In Straya the real economy is at the bottom of the harbour.”.

     Harhar, Nicely put WW. That’s Sydney, FIRE central vividly described, the real economy is now a bottom of the harbour scheme. victim. I can see the bastards toasting and joking in their luxury yachts after the crime; how totally Sydney: http://www.afr.com/news/politics/national/howard-moves-on-bottom-of-the-harbour-20120101-i447s

     • 

       Wiley Wolf May 13, 2018 at 3:51 pm

       Exactly
       you have good recall

7. 

   St Jacques May 13, 2018 at 3:21 pm

   x

8. 

   Researchtime May 13, 2018 at 8:34 pm

   Good stuff…

9. 

   Lama May 13, 2018 at 9:39 pm

   The US labour market recovery / state doesn’t look so strong when you look at that participation rate… Really puts the 4% unemployment rate into context

10. 

    Pa May 14, 2018 at 9:01 am

    Thanks Gunna