Weekend Reading: 16-17 March 2019

Global Macro / Markets / Investing:






    • Folks. Keep it civil. It is not appropriate to politicise the human disaster in New Zealand as Aussies and Kiwis alike are in shock and grief.

      Comments will be moderated accordingly.

      • We all know what happens when free speech is silenced … the conflict merely escalates beyond words.

      • We all know what happens when free speech is silenced … the conflict merely escalates beyond words.

        Whose speech is being silenced ?

      • alien,
        My comments also occasionally vanish. That’s up to the site owners. Their house, their rules. It hasn’t anything to do with free speech. If your interested in that you could read up on it. You could also start your own site. The online world’s your oyster. Comments sections are just children in sandpits. Though, that comparison can probably be viewed as offensive slander towards the children of the world.

      • drsmithyMEMBER

        I’ll give him the first one as instinctive.

        But not the second. At that stage the bloke was just standing there recording and clearly posed no threat.

        Similarly the subsequent pile-on by his squadron of wallopers. They’d watched the whole thing unfold and clearly had enough perspective to know it was harmless.

        Here’s someone taking a similar situation with a little more aplomb: https://www.youtube.com/watch?v=zw97LIBGbR4

        My comments disappear (or don’t appear in the first place) sometimes as well. I try not to take it personally.

      • In the attached clip watch the woman in the bottom left of the frame slap a bouncer who then knocked her out. One of them went to jail for that (and it wasn’t the woman). It is self defence if it is reasonable necessary and proportionate. It seems likely to me that the Senator’s reaction met none of those conditions.


  1. Funny news:

    People with 2000 followers on Instagram are asking hotels if they can stay for free! 🤣

    Not sure if that 2,000 figure is true but a woman with 87,000 YouTube subscribers got knocked back via an open letter.



      • Russian cocaine recipe.
        – One shot vodka, One slice lemon, Ground coffee, Sugar
        – Coat one side of the lemon in coffee, the other in sugar, eat the energised lemon, chase with vodka.

        It’ll keep you going. But at a cost.

      • boomengineeringMEMBER

        Christ, When I did very rarely drink it was half Guiness half orange juice, looked like effluent of the number 2 kind.

  2. Yesterday I posted a pretty raw account for a part of my life, while it’s ancient history it’s still me.
    I know that some readers were offended,, I’m sorry for offending, but frankly I don’t know how else to write about a gritty time in my life.. Just to be clear I’m not looking for forgiveness or for anyone’s prayers. I’m more of the belief My sins my own. They belong to me
    If others have a problem with this raw graphic style, than I’ll self moderate, but that means the story stays with me.
    So tell me what you think.
    in case you’re wondering what I’m talking about here’s the link

      • Beautiful and Brutal…that’s an unusual combination, I know that in Russian there’s a single word for that concept yet in English the combination always seems to be a sort of oxymoron.

      • Yep I liked the allegory, I originally started off with a sort of Biblical image, but I thought that the rawness of this contained more truth.

    • ErmingtonPlumbingMEMBER

      “Self moderation” sounds like Orwellian speak for dishonesty to me.
      I like your honest Anecdotes Fisho, those who don’t like em don’t have to read them.

      Its Interesting how all the Moralising media pundits I have heard in the last 24 hrs, have all been making the call for people not to view “certain images”, in effect demanding “Self moderation”, but have all watched said content themselves.

      • FiftiesFibroShack

        It’s more interesting that you think people upset by a cowardly attack and the vile ideology that fuelled it are “Moralising”. And requests to not view or signal boost this grubs snuff ‘content’ are somehow oppressive demands for “Self moderation”.

      • ErmingtonPlumbingMEMBER

        “Self moderation” they don’t enguage in them selves was my point

        My comment was about hypocrisy, free speech and the right to be Offended.
        Nothing else.

    • @Fisho if you were a junkie at 1 point I’m wondering how you turned your life around? I have a dear friend caught up with drugs and I really am at my wit’s end on how to help him. I believe the individual needs to change or wants to change is the only way out.

      He kept promising he was committed to rehab and then when the date go closer to go he bailed on the idea. He is in Melbourne and I’m in Sydney, so all I can do is call him from time to time and chat, let him know he has a friend to talk to.

      His mum has kicked him out of home (34 years old and brought drugs into the home etc.) But even then having to live between places he won’t get help.

      Underneath it all is deep self esteem issues I think, but getting him to open up about it is difficult. Are there people equipped for dealing with this sort of thing who I can contact etc..? Guess I’m just looking for recommendations.

      • I just never went as far as putting a needle in my arm I think that’s the honest answer.
        As for your friend, he has to find his own way out of his own hell, short cut don’t help because they don’t work.
        BTW sometimes just being there is enough but be wary of becoming their crutch, it’s a bit like supporting a drunk they’re guaranteed to trip and fall, so maybe they’re best off left lying down.

      • Difficult one. I have a longtime,close and formerly very supportive friend who has become a hopeless alcoholic( the water bottle being sipped at constantly contains vodka, and had for quite a while before l realised).
        Talked to her about it, and she ‘has it all under control’. Tried to keep her integrated with friends and activities- she is either so verbally aggressive l and others can’t manage( these are social occasions, not body contact sport) , or so maudlin and self pitying that some of my friends are traumatised themselves.
        Her partner has left, after years of verbal and physical abuse,sometimes requiring police attendance- his main crime being he pushed her to rehab.
        Her children( all adult but scarred) won’t have anything to do with her.
        She has managed to burn through a large extended friendship group, and l can see why.weve all looked at every rehab option available,offered to go to AA with her etc.
        Not sure where you go next.
        I just stay in intermittent contact- money probably won’t be an issue, so not out on the street( and that’s another whole can of worms for everyone).
        If a miracle happens , and she sorts it out, at least l can be around at that point.

      • Unfortunately if there’s no will, there’s no way. Some just destroy everything & everyone around them…… Help where you can, but don’t be dragged down by them!

      • @Fisho, he was meant to go to rehab end of January, 2 weeks before he arrives in Sydney and calls me asking where my house is etc.. I basically tell him he can’t come over unless he’s willing to ditch his company (friends who came with him). I thought he was in a stolen car because he asked if he could use 1 of mine as his car was “not going to make it very far”.

        Anyway at 1 point he got desperate, I said look you need to go back home (to Melbourne) since he needs to check in with his parole officer every day at the same time and present himself at a Police station. Of course he tells me don’t worry. it’s not a big deal. He ended up sleeping in a van/car in Bondi, turns out later I learnt he’s stolen drugs (off another dealer) and was selling it off in NSW so the other dealer doesn’t find out.

        Each time I talk to him he’s into more and more criminal shyte, and no matter how much I tell him he needs to break away from these people he keeps going on about how they are his friends etc.. turns out he took the heat for something recently, but his friends didn’t return the favour and put him in the deep end etc.. At this rate he’s going to end up in Prison and he won’t do well there (skinny junky).

        I’ve known him since we were kids, nothing traumatic has happened to him (his father wasn’t there, raised by a single mum) but he’s always given up easily and never really excelled in School. He had a few jobs, but last few years hasn’t been able to hold down any jobs due to poor work ethic. I really wish he would just open up as to what is eating him up and confront whatever it is that is holding him back.

        My own father was an alcoholic, who never dealt with his demons and it killed him, he literally kept drinking until his internal organs failed. I see the same thing happening with my friend and have no idea how to help him.

      • @Gavin, I’m not sure that I can say or do anything to help
        I know that sounds cruel but the bottom line is that it has to be something that he wants not something that you want and certainly not something that I want. Nothing that you’re saying convinces me that he is ready, trust me I’ve heard every sob story in the book, but the main problem is that he still seems to believe that he can win at the game he’s playing. You can only put it behind you when you internalize the fact that this game can’t be won and even than it only matters if you care enough to make it matter.
        So sorry again but the picture you’re painting is of a completely unwinnable situation, getting involved cost me a lot more than just money, it’s a place that I just have to avoid for my own well being and I avoid it by not getting involved. Sorry again if that sounds callous.

      • @Fisho I get it don’t worry, sadly I am at the same conclusion as you hence I’m out of ideas myself.

      • boomengineeringMEMBER

        My father in law was an alcoholic and someone (me) has had to pay for it all our married life, so these things go far beyond just the alcohol/drug addicted. it’s very hard to live with her having abusive depression. She starts every sentence with don’t, can’t, won’t.

      • @ Gav ,
        Some advice, don’t believe anything he says/ don’t tell him where you live/don’t give him money as these people become master manipulaters. Sometimes prison is the best place for them, a roof over their head and 3 meals a day plus exercise and courses. Cleans them up. Keep in touch if you have to, even visit prison. 👍
        @ fisho , can concur cold water therapy is great for mental and physical health, rarely get sick using cold water , sleep better etc. Just turn the hot water full off at the end of your shower and turn the cold on MOAR.😅. 1 minute of your life with so many benefits. Start it now before winter cause in winter you know your alive when the water hits your face and you start sucking in air from your deep lungs -survival mode. Great feeling after … instant clarity. 👍

      • boomengineeringMEMBER

        T agree 100%, the therapeutic stimulating effects of cold water especially salt water have yet to be widely accepted for a multitude of remedies.

      • Just turn the Hot water off at the end of the shower
        Haha That’d only be possible if I ever turned the Hot tap on to begin with.
        I must admit I do use a little hot water in May through Sept but definitely not at this timer of year. (and that’s only for the last year or two)
        Plenty of cold ocean showers as well when the spray come over the front,
        Although I do draw the line at standing on the Rocks Fishing while soaking wet in winter that’s just too cold, the kind of cold that seeps into your bones.

      • boomengineeringMEMBER

        Its funny how many hours it take for core body (bones) to reheat even after the skin is quite hot.
        Fisho, Hope you get back to the mountain biking soon as the danger factor also helps to cleanse your brain of sh!t that may be cementing itself in the crevices.

      • I will share the recipe with you:
        1) Has to really want it
        2) Taper down over the course of a week (plenty of tapering guides out there for various substances/usage) – cold turkey is much more dfficult and risks relapse
        3) Strong quality Cannabis oil to assist with pain/mental state during acute phase (Sativa for day and Indica for night)
        4) As soon as physically able to, start exercising (cardio) – start with walk around the block and keep building up from there (this will aid natural dopamine release and assist with sleep)
        5) Clean food and yoghurt to rebalance gut bacteria (no sugar, processed food, limited carbs), no alcohol or stimulants (this means coffee as well)
        6) Psilocybin for post acute phase (microdose 150mg every fourth day) – this will aid with neroplasticity (removing habit paths in the brain, aid with developing new connections), motivation, depression and general feeling of wellbeing

        Please note: If any of the ingredients are omitted, the recipe will fail

        I wish him all the best, it aint easy but it is achievable.

    • Very honest account. I see people with these stories every day in the ED but most of my non medical friends have no clue what life on the streets is really like. I think the more people hear about these kinds of things, the better.

      • I can only imagine as an ED Doc you’ve probably heard this story told in a thousand different voices, but always with the same conclusion …that must be demoralizing, you guys are the real hero’s…I know in the past I could have helped but instead just watched people die, often after passing moral judgment, long the lines of …He’s @#$% anyway.

      • Cheers fisho. I often wonder if we do any good, but at least we never judge because we have seen it all before … My impression of the stress that exists in peoples lives from what I see is behind a lot of the concerns I express here on MB. Chief amongst those concerns is the coming economic ruin in this country.

    • I read it yesterday. You’re a thoughtful commentator with something worthwhile reading even if people don’t agree so please don’t stop posting. I always read a post by you if I see it as I know I’ll learn something. Having spent a looong time in a society where self censorship is encouraged it is not something I think should be encouraged (that is, self censorship above and beyond what any normal society encourages as a part of general civility).
      Am currently visiting with much older rellies and we were discussing a younger cousin’s post on fb commemorating the 2nd birthday of their still born child, and social change wrt what should stay private, be public and the benefits of making something like that public (one is the grieving process can be acknowledged and it’s easier for people to respond appropriately in writing than face to face for something like this).
      It’s sad that some people can not respond appropriately to an honest account of the ugly realities of life that many people are fortunate not to experience, however that reflects poorly on them not you.

      • I suspect I over stepped most peoples bounds of “general civility” and that’s what made it offensive
        Trouble is the sanitized form of the story has no punch because it’s not real life, it’s not lived experience, just someone else’s problems bit like cold hard statistics, they don’t have a face, they don’t have a name, they don’t have a life….Statistics are not humane because they’re not human. (say’s a math geek)

    • ChristopherJMEMBER

      Nothing offensive there, fish. Real life stories is one of the reasons I come to this place

    • You didn’t lambast or vilify anyone. You simply told a true story. Good on you for doing that. I think you will find plenty of support here for that.

    • Read it and not least bit offended, just reality for some. But I do disagree as debt is a weapon, and it is now primed/cocked and pointing at the users head.

    • The bugs (lessons) of our fallible past may help shape us, but they don’t have to become identity features for life. Most that were up there were too damaged (before starting to anesthetize) & couldn’t help themselves, just continued to spread their damage – & as you know the majority who shot up didn’t make it! You clearly chose to change your environment to become a product of another. Cudos for getting where you are & cudos for sharing. People learn much more from real experiences than some textbook. Be content Fisho – You’re still here, & you have real & interesting insights to share!!

      • Yep seen plenty not make it
        thanks for the words of encouragement, personally I just keep chasing that damn black dog away, but the ba5tard always comes back and that’s when I’m most inclined to write about it.
        I tried religion but it didn’t take, to much genuflecting in front of pretentious Paedos for my liking.

      • boomengineeringMEMBER

        Fisho, It has been noted that hard exercise & nutrition helps depression. At least you recognize it, that means you have a chance if you keep plugging away at possible cures/relief. The wife in in denial.

      • @Boom Re Exercise and Nutrition
        Absolutely true, unfortunately my exercise was sidelined by a recent fracture and it’s hard to get back into it. You let it out of your life and something else seems to sneak in occupy the time and space where exercise once resided. I’m hoping with summer’s end, that I’ll find the motivation to get back on the mountain bike.

      • Religion is apparently the best replacement therapy followed by exercise – if you can. No doubt you’ve learned a few coping methods, separated positive emotions from negative & used music/memories or other triggers to stay in the positive. If you can’t exercise perhaps try the Wim Hof method – it’s an unconventional meditation strategy. Plenty of intro’s on YT & then his site – https://www.wimhofmethod.com/iceman-vice-documentary – you can add meditative visualizations for different outcomes when you’re in the altered state – along the lines of Tummo for eg….. but it’s the hyperventilating that changes the day judging by the couple of times I’ve tried it so far. I intend giving it red hot a go for my Arthur, but there’s other positive byproducts judging by what’s being said about it.

      • boomengineeringMEMBER

        The wife thinks it normal to scream bully abuse and profanity at people in the street or on the road.. She has an extreme fear of failure and refuses to acknowledge any failures on her part. At a cafe atm she stormed out of the one a few mins ago abusing the woman who was astonished at her abusivness. On the way here involved a litany of road abuse not recognizing her fault.

      • boomengineeringMEMBER

        Whilst it may be normal to have an occasional spat she does it on a daily basis with only a few hours respite between episodes. When we first .met I found it quite amusing and used to bait her adding fuel when it simmered but stopped when realized that it wasn’t doing anyone any good.

      • @Boom, I’ve seen this work on a couple of people with different unacceptable behaviours, but be ready to duck. Get a friend to video a (not Boomer instigated) tantrum or 2 & play them to her when she’s happy & receptive. If she sees others recoiling from her own actions & hears her own tone she may get it? You’re onto it, she needs to admit she’s got a problem to herself before she can take the next steps. If it’s been lifelong it’s probably an ingrained behaviour & a hard ship to turn – needs to realize/know when she’s about to flip out & put an extra step into the programming so she reacts differently…… fwiw.

      • boomengineeringMEMBER

        Colin. many thanks. Unfortunately her negativity is stronger than my extreme positive, so have after a lifetime of trying have finally given up trying to help.

      • boomengineeringMEMBER

        Revenge being her greatest motivator.
        All this due to disposition and Alcoholic parent.

    • Nothing offensive about your story. Perhaps those who are offended have demons of their own but choose to suppress them rather than deal with them. In my case, like someone someone who replied to your post, I’ve learnt to park those parts of my life I do not like. I can’t change it, it’s done. What I can do is make sure my kids don’t repeat my mistakes, not to lecture but to learn. I also won’t let those moments from the past control the now and the future.

      My brother on the other hand has been wollowing in misery for 20 years after a botched operation. Rather than look forward to what he does have, he wollows in what he doesn’t have. Sure he can’t work and there are days he can barely walk but he’s up right and breathing unassisted but that doesn’t matter.

      He should have been with us when we went to visit a friend in a long term care and rehab facility for brain injuries. We passed in the garden a quadriplegic young man with a severe brain injury and his mother sitting beside him holding her childs hand in silence. You could see she was quietly hoping that one day he would be better. That day will never come. The nurse said she had been coming every day for about two years. Absolutely destroyed us and still does to this day. When we got home my wife gave our son a massive hug and cuddle, she said that mother will never again experience her son’s hugs or touch, make every one of then count.

    • Fisho, maaate, the truth is just that. If some people find it offensive then they can choose not to be a part of the real world but it’s not their right to censor you and nor should you feel obligated not to offend by censoring yourself. no matter what you say, someone, somewhere will find it offensive. Being offended has become a pastime for many these days. Tell em to take a teaspoon of cement and harden the F*** up.

      • Being offended has become a pastime for many these days.
        Yeah it does seem that way, doesn’t it!
        Still I’m not sure I want to live in a world where everyone is as hard as nails. My wife is a very sensitive individual and I love her for it, she believes that I’m hard enough for the both of us, with us it’s kind of a yin and yang thing.
        So I always try to be respectful of other peoples sensibilities.

    • Hi fisho, have you ever tried talking to God without religion? God certainly exists and if you have questions on your heart, then ask them towards God and keep them clear in your mind. Then be patient and He will answer.

      • Yeah maybe but to be honest that whole Christian God thing doesn’t work for me.
        and I’m not into any religion that teaches any sort of we’re better than them Divisiveness. (that’s 3/4 gone)
        Buddhism is too self reflective (kinda like you can’t change the past so why dwell on it)
        Taoism is something I could get into but I’m not into that whole Frugality thingy
        My old secretary was Falun Gong and she was always in my ear about attending, I’m definitely a believer in the benefits of qigong so maybe that’s where my god lives.

    • mild colonialMEMBER

      My last boyfriend grew up in the heroin generation, born in the first half of the 60s. He has so many stories, so many people he knew died, he worked a wall himself, he shot up but didn’t get addicted (to that). Heroin, ok not quite wiped out, but punctured a generation, it’s really a forgotten tragedy.
      It’s interesting for me as my family history is of religious abstention and I grew up in the ‘nicest’ of suburbs.

    • Thanks everyone for the support looks like most can people can handle a raw and gritty story telling style, so I’ll continue to write with this style, if the story demands it.
      As for those that I might offend, I guess sorry’s the best that I can do although I did get a laugh from the comment
      Take a teaspoon of Cement and harden the Fvck-up
      but it would never be my style to say such a thing.

    • Things got heated, even stuff I wrote that I thought was quite innocuous has been deleted. Probably for the best I guess.

      • Strange. All I did was posing a question as to how these kids demanding some action taken would react when they found out that nuclear is the most logical option.

      • drsmithyMEMBER

        All I did was posing a question as to how these kids demanding some action taken would react when they found out that nuclear is the most logical option.

        Perhaps they’ll go out and read stuff from one of the people who disagrees.

    • bolstroodMEMBER

      Wasn’t it great to see the kids taking back the right to strike ?
      They have a lot to teach us oldies .

      • Demanding some action to be taken is the easy bit. Choosing the best course of action is the hard bit.

        Just like Brexit in fact. Demanding Brexit is the easy bit. Choosing the best specific route is the hard bit.

      • bolstroodMEMBER

        @ Dumpling
        Our politicians have lost their way.
        They keep thinking it is up to them to come up with the solutions to societies problems, which they have no qualifications for.
        We require the politicians to Facilitate solutions by bringing relavent experts into the decision making , not chose answers that support the interests of their donors.

    • Perhaps I can reproduce my earlier post here and see if it will re-disappear or not.

      So these kids demand some action taken. Very well. But I suspect they have little to no idea as to which specific course of action to take. I can hardly wait and see how they will react if they find out that nuclear is the most logical course to take?

      Nuclear is a tested and proven technology that also happens to be the safest (https://quillette.com/2019/02/27/why-renewables-cant-save-the-planet/). This is what I have been suspecting for some time and in line with my view from a year ago (https://www.macrobusiness.com.au/2018/03/current-rate-will-take-400-years-transform-energy/). Now, uranium is not renewable so it will eventually run out. But it will provide much needed time that will be required to develop fusion technologies.

      Granted, accidents do happen. Then again, you wouldn’t stop flying just because a couple of 737s recently went down. Sure, you may ground the 737 fleet but not the entire air travel. Meanwhile, if the worst comes to the worst, we may sprinkle some aerosols to the stratosphere to form more clouds and reflect extra sunlight back to the space. After all, we are already flying hundreds of aircraft 24/7 that could do the job.

      • Well, I’ll repost drsmithy here in response!

        March 16, 2019 at 3:22 pm
        All I did was posing a question as to how these kids demanding some action taken would react when they found out that nuclear is the most logical option.

        Perhaps they’ll go out and read stuff from one of the people who disagrees.

      • BS nuclear is the answer you nuclear blokes fluff around about how good it is yet no one discusses the waste. So what do you do with waste ha? Bury it? Dump it in the sea? Keep it in holding pools until a tsunami comes? Really just leave the major problems for another gen to deal with I guess. I am sick of hearing about nuclear without a proper waste solution. The answer to global warming is work close to home, ditch the car or monster suv these days, use minimal or self sustain your electricity, get rid of excessive packaging, stop flying, you get the idea. Is anyone actually committed to making these sacrifices? Haven’t met anyone yet. Wall st don’t like this idea either.

      • They all ready tried sprinkling some aluminium into the skies to reflect heat. Where do you think the al ends up? Load yourself up but I don’t want it in my food or drink. Your solutions are rubbish and do nothing for humanity nor the planet.

      • GunnamattaMEMBER

        How about we look our kids and their mates in the eye and tell them the truth……

        ‘Dear People of the future (and our children). Sorry fellas, We (the preceding generations, not just the preceding generation have managed to roger the environment.

        One of the forms this environmental rogering may take is that our world, but particularly your world is going to be noticeably hotter than it once was, and has been within the living memory of your more recent ancestors.

        This will have the fairly overt effects including:-

        1. rendering large tracts of temperate zones of continents which were once quite pleasant desertified wastelands , and
        2. melting the polar caps which drive the global weather system.
        It should be noted that we do know that there will be 3. Unknown unknowns that the above should be in no way seen as restricting the possible outcomes stemming from a warmer world, and we would advise that all subsequent generations devote considerable resources to identifying as far as possible in advance any hitherto unidentified outcomes resulting from global warming.

        The first of these will mean that

        lots of people who have been living there until recently in relative comfort will now be looking for somewhere else to live,
        potable water may become significantly more valued as a commodity than it has been at any time in the history of the human race,
        food reliant on using water will become subject to price shocks reflecting this which may lead to increased geopolitical tensions reflecting access to water

        The second of these will mean that:-

        There will be a significant rise in sea levels, such that large parts of the world currently heavily populated around ports and coastal areas will, need to move
        a number of once were islands will now be under water and someone will need to house the ex-inhabitants
        the global system of currents which drives global weather patterns will be significantly altered which could potentially affect remaining arable land, and will possibly also affect global rainfall patterns and global fish stocks

        We, the preceding generations, have been generally aware that we (the human race) were doing this since the mid 1970s. Our ability to limit the impact of the globally warmed world which you people will know has been constrained by a number of factors, including:-

        An inability to measure the obvious global climate changes to the degree of verisimilitude necessary to legally enforce prevention, and attribute direct legal responsibility.
        An inability of generally conservative elements of the political spectrum around the world to recognise the phenomena.
        An insistence by generally conservative elements of the political spectrum worldwide that no attempt be made at national levels to do something about global warming unless there was global agreement on who would do what.
        A world development dynamic where all aspiring parts of the world to a better quality of life have been limited in their pursuit of meaningful economic growth to a process of industrialisation which has fuelled the pollution of the environment so as to aggravate man made global warming.
        An insistence by generally conservative elements of the political spectrum worldwide that any attempt to broker global agreement on who would do what recognise only current day pollution levels and explicitly not recognise historical contributions to the environmental pollution contributing to the global warming.
        A suspicion by heavily populated developing nations aspiring to social and economic development status, and quality of life outcome from that, that the focus of the conservative developed world in its approach to negotiating who and what would cut emissions, was more about protecting quality of life and the advantages enjoyed by the developed world over the developing world, rather than meaningfully ensuring the environmental systems of the planet were not degraded.
        A belief by some developing nations and some developed nations that it may be best to pursues strategies for economic purposes which could expect to be limited by any global agreement to limit global warming as intensively as possible prior to any global agreement on how to limit global warming.

        The above means that from here (circa 2020) the world is on track to be significantly warmer in 30 years (by 2050) than it is now, and the world will be much warmer again within the next 80 years (by 2100).

        The attempts to limit global warming by global consensus have been so paltry so far that a secondary question is now assuming considerable significance, and we believe it will assume even greater significance in your lifetimes. That question is ‘Is the world acting in the best interests of the future of humanity if it prioritizes trying to limit global warming, or is it better acting in the interest of future generations if it focuses on engineering responses to the activities and behaviours of the human race now, in the knowledge that mitigation and engineering will bequest a better outcome to future generations than attempts to broker agreement to limit global warming.

        We exhort your continued focus on this dynamic and the implications and questions it generates, as we believe (from 2020) that it will have considerable scope to shape how you best live.

        At this point we believe it appropriate to extend something of an apology. We are sorry for our failures. We would like to be bequesting a socio economic dynamic which was supportive of your ability to address this issue from as early in the piece as possible, but our current political dynamic is largely about rewarding

        Those with capital
        Those who own assets
        Those who have known an age of prosperity

        ….and the current thoughts of these insofar as they prioritise address of global warming revolve around the concept of their entitlement, the relative lack of entitlement of those poorer than them, and a general sense that future generations may do whatever they like as long as that prospect doesnt limit entitlement, profits and preeminence in the here and now.

        So, with that as the backdrop, we pass the baton to you, and wish you all the very best. We trust you will do what you think right.

        Good luck

        The people of 2020.’

        Something like that ought to do the trick. Maybe if we carved it into a nice big piece of granite somewhere, and commemorated it each year, it’d be a nice gesture.

      • interested party

        Nope…not buying it one bit.

        All you are suggesting is that we change out one energy source for another, and while it may diminish carbon output somewhat, it does not change the bare basic facts.
        It does not reverse or repair any damage done already.
        It suggests business as usual…with a twist.
        It may have been viable 4 billion souls back….not now.
        It supports the same behaviours towards the environment and natural capital….fast depleting.
        We don’t have an energy problem…..we have a behavioural problem.

        @gunna……while I recognise the future will be vastly different, I for one will not apologise to the generations to come for all the generations past. While hindsight is a wonderful thing, most generations acted in good faith to give a better life to the following one, and it’s only with the advent of recent technologies that we can openly see the world around us in real time…and measure the impact first hand.

        Too many people…..not enough planet.
        A mathematical certainty that just happened on our watch.

        Give your kids and grandkids some hope….take a Permaculture Design Certificate course and get out of the cities. Set up a place where they can grow food, harvest water, generate power, build shelter from natural materials, and live life slower, with less, and be happier for it. A worthy legacy to leave them.

      • @CharlieM

        “So what do you do with waste ha? Bury it? Dump it in the sea? Keep it in holding pools until a tsunami comes?”

        As if renewables would produce less waste than nuclear.

        “They all ready tried sprinkling some aluminium into the skies to reflect heat.”

        Who said sprinkling some aluminium? I didn’t. I said sprinkling aerosols that would induce clouds which in turn would reflect more sunlight.


        “All you are suggesting is that we change out one energy source for another, and while it may diminish carbon output somewhat, it does not change the bare basic facts.”

        If you reduce carbon output, and stop clearing lands and cutting trees, then the past emissions will be gradually reversed. But I agree that it is a population problem, not an energy problem per se.

        One child policy?

        @Gunna, IP

        Why don’t you guys start formulating a list to be put on a ballot of an (eventual) climate action referendum?

        (1) Do nothing.
        (2) ….

      • Cmon dumpling are you serious? You are comparing nuclear waste which remains radioactive indefinitely and cannot be managed by humans or robots ie Fukushima to renewable waste which is steel, plastic, lead etc.

      • interested party

        While I do admit the energy source is problematic, I think that the damage has already been done. We are only now collectively recognising the evidence of CC…….key word “collectively”. Up until 12-36 months ago there was a section of society that still sat on the fence and while some still remain there, the majority now acknowledge the reality. Some will deny to the end. So….if the damage is already done as I think it is, then changing energy sources is a waste of resources and time….time that could be used to mitigate the worst expected outcomes for the planet.
        And that brings me to your question of putting a list together for a referendum….again, I am counter to this idea also, only because waiting and/or planning for a political outcome is burning time and resources……resources that can and should ( imho ) be used to start preparing at the individual level, then pushing out at the community level. If enough people started this action, and it became normalised, we might just have a chance of seeing humanity progress a few more generations past where we seem to be headed. In short…it needs to be a ground up movement. A political movement just won’t be quick enough.

        If you reduce carbon output, and stop clearing lands and cutting trees, then the past emissions will be gradually reversed. But I agree that it is a population problem, not an energy problem per se.

        Again…I disagree here…..but not to be picky. It is a behavioural problem, not a population problem……..if………the population were to change it’s collective behaviour to a far less carbon intensive way of life….in fact, if we were to change our ways, there is not enough people to get in and push the change. Change would be sped up with more hands on deck. But…..likely to happen??? personally, I cannot see it happening in time, so short answer would be yes….population problem. I also need to address the issue of carbon emissions, and energy being the major culprit. Broad-acre farming is one of if not the most intensive carbon sources we have in our arsenal. It is the cause ( not the only ) of salination, deforestation, erosion, toxins in the food chain and associated medical issues caused by, and desertification. People need to eat…..granted…..but road miles? Growing your own locally, organically, and selecting climatatic analogous plant selections will introduce resilience to an individual>family>community>etc….while systematically reducing all of the problems above.

        One child policy?

        I think the generations coming already are heading that way…..I don’t personally know of any large families. Not saying they don’t exist, but they are not as prevalent as they used to be. ( my opinion only )

        Bill Mollison had a saying…..”the problem is the solution”. If the problem is too may people….the solution is to have too many people. The system will collapse, thereby reducing the number of people. problem solved.

        The younger generations seem to have their finger on the pulse…they aren’t stupid.

    • I guess that works – as long as the kids use the time they get back from switching the screen off to practice permaculture or something.
      However, with plummeting numbers of teens getting around to getting their licence, and it being at least plausible that access to technology is something to do with it – I can’t help wondering whether access to smart phones is a net saver in per capita carbon accounting. Messing about with your phone for hours on Saturday night burns a lot less fossil fuel than doing blockies for the same amount of time (and is probably less dull).

  3. This website looks like it might be a good step forward on the “money” issue.

    An attempt to create a platform/community for constructive debate and discussion


    Lots of stuff in the resources section from across the reformist spectrum.

    Hopefully those that prefer sneer, smear and abuse will steer clear.

    • Hopefully those that prefer sneer, smear and abuse will steer clear.

      Turning over a new leaf, mate? Good for you!

      • Brenton,

        Are you still sulking about this?


        Have a big cup of blackcurrent juice and have another read.

        If you don’t want to engage with the reasons you have been waiting for a housing crash for a decade and may wait another 10 years ( the odds of one 10 years ago, before the public went full and total guarantor of the banking system, were much higher than now) don’t take your frustrations out on me.

        I am not the one calling for the RBA to cut the rates.

        Jkambah understood the point being made


      • Too deadly bruv

        ahahahaaha sock it to him phf! Brenten needs a good slap to the face every now and then.

        The sad part is after all these years of reading MB and waiting for a crash his views on housing haven’t evolved one iota. He’s still just a sad sack nuthugging tard (that even his hero HnH doesn’t respect)

        ps. how do u like ANZ’s new 10 yr IO terms, brenten? Good chance the remaining big four will follow suit! aaahahhaahhaahaha

      • Well to be fair, we are experiencing australia’s biggest housing bust in modern history and it shows zero signs of bottoming.

        So Brenton is not really waiting anymore, is he, it’s happening.

      • Perhaps the buyer has been reading all of the calls by MB for the lunatics at the RBA to make some big cuts to interest rates.

        Perhaps the buyer just picked up a nice juicy IO loan from ANZ

        Perhaps the loan approvals are getting easier again after the non stop campaign by the AFR and the FIRE sector?

        Perhaps it just a crazy person who does not realise that the housing bust is for real this time after not happening at least 4 times since 1996.

        So many perhaps.

      • Guys, it is the biggest bust since Corelogic started monitoring (modern history). Just a fact. Chickens have already hatched and been counted. The data is irrefutable.

        Disclosure, I own property already. Over 3mil in commercial. Sold off more than that in 2017 when the writing was was on the wall.

        You are barking up the wrong tree. No need to get emotional, I’m just telling the truth.

        Roseville may be doing okay, it’s still down 100k in the last 12 months.

      • statsailor,

        You cannot subdivide anything in that street (or nearby). It is a “heritage” preservation zone.

        Someone paid $2M so they could then spend another $500K – $1M restoring it in to a single residence..

        So what if it might have gone for more in 2017.

        $2M for an unremarkable house in an unremarkable street a 20 minute train ride from the city is impressive for the biggest done and dusted housing bust in modern Australian history.

        We almost had a housing bust after the GFC but the RBA/APRA and the poliies made it clear they would never allow one to happen. And to make sure it never could they essentially gave the banks a guarantee to provide liquidity if required. How does a bank bust if it has a guarantee of liquidity?

        There is absolutely no doubt that the RBA or AOFM will purchase the bank loan books (or securitised forms of them) if necessary and there will be no bust.

        The prices declines we have seen so far are so far from a bust it is comical to call them that.

        And the cherry on the cake is that MB is already calling for (not just predicting this is what the RBA will do) large rate cuts.

        That is the most incredible bit of all. MB calling the RBA lunatics if they DON’T cut interest rates.

        Rate cuts + loan approvals + low vacancy rates in Sydney and Melbourne = $2M for dumps = NO BUST.

        Even in Perth where they had vacancy rates over 5% and little population growth it took years and years for prices to slide back to where they were a few years earlier.

        The fix is in.

        The best you can hope for is that

        1. The ALP get elected and bring in their CGT and NG reforms

        2. You get to buy an existing property from an investor departing the market f(due to softer prospects for capital gains) for what they paid for it in 2013.

        And that is being wildly optimistic.


        When people on MB were calling the prices back then absurd and ready to bust.

      • Not a single syllable of which distinguishes this house or that location from anywhere else in Sydney.
        You either think a 13% fall is a lot, or you don’t, Obviously you don’t, but that’s got nothing to do with the North Shore not getting the memo.

      • Statsailor,

        ”..You either think a 13% fall is a lot, or you don’t, ..”

        Correct I don’t.

        But I appreciate that some consider that 13% is the greatest bust in modern Australian history and others consider it is lunatic to not be cutting interest rates as fast as possible right now.

        Perhaps this time really is different.

        But it looks and smells like the policy makers blowing a bit of foam off the beer but standing ready to refill the glass if required.

      • Phf007, how much experience do you have investing and in property market cycles, aside from browsing the internet? What have you bought/sold?. You’re manner of speaking tells me very little. Probably a PPOR holder and that’s it.

        When did you buy, 2017?

      • Gobbydons,

        What you have claimed to buy or not by does not matter.
        We have no way of verifying a single claim you or I make in that regard.
        You are the one claiming that the greatest bust in modern Australian history is underway.
        What you were claiming about the Australian property market between 2008 as the GFC took hold and 2013?
        Don’t tell me.
        I bet you knew that it was just a temporary ‘down tick’ before the great boom kicked off in 2013.
        I bet you were buying as much as your swag could hold in 2008 – 2011 and sold it all at the top in 2017.
        The moment someone claims to have timed the market to perfection the eyes start rolling.

      • FiftiesFibroShack

        “And the cherry on the cake is that MB is already calling for (not just predicting this is what the RBA will do) large rate cuts.
        That is the most incredible bit of all. MB calling the RBA lunatics if they DON’T cut interest rates.”

        All to lower the dollar and boost tradeables. I’m sceptical the boost in tradeables will offset the negatives of having to run zirp for the foreseeable future.

        Edit: I see my previous comment got deleted. Sorry if it annoyed anyone, just going on what I’m seeing around my area. Granted, volumes are low so it’s hard to get a clear picture.

      • Gobbydons,

        Haven’t yet seen your links to the certificates of title to your “commercial property” holdings and the dated transfers for your residential portfolio you claim to have liquidated at the top of the market.

        Using your own BS as the ‘authority’ for your bold claims doesnt pass the sniff test.

        But please keep rolling out the predictions suburb by suburb and month by month as we progress through the greatest bust in Australia’s history.

        We all need some laughs.

        Tell us Nostradamus when are the RBA is going to cut teh rates or do you reckon it is going to raise them?

      • You sounds like you might even still be in school.

        RBA will leave rates on hold, cut eventually. Raise ain’t possible anytime soon.

      • Gobbydons,

        “…RBA will leave rates on hold, cut eventually. Raise ain’t possible anytime soon…”

        Really, is that the best you can do? That prediction has been made around these parts for the last couple of years and we haven’t seen a cut yet.

        When will these things come to pass?

        Don’t be shy – let us time the market to perfection like Gobby.

    • @ Pfh007

      Have you tried TMQ web site on your mobile phone?

      The format is broken.
      Firefox 65.0.1

    • Rebtooling the rest of the world will require machine tools as well. Decoupling from China will create a boom for machine tools as production leaves the mainland.

  4. GunnamattaMEMBER

    Melbourne’s eastern suburbs: a house price belt of pain

    AMP Capital chief economist Shane Oliver said this decade’s price boom was an extension of a surge in property that began in the 1990s.

    At the time, real house prices across most of Australia were below their long term averages while household debt levels were low compared to other OECD nations.

    “Now we’ve got household debt at the top of the OECD average and house prices are well above their long term average, we’re talking 8 or 9 times household income in some parts of Sydney and Melbourne,” he said.

    “That’s why I think this correction may take a bit longer to work through than we’ve had in the past.”

    • Gotta admire his subtlety.

      “That’s why I think this correction may take a bit longer to work through than we’ve had in the past.”

      …is actually, effectively the same as “These price falls will be the biggest and longest in living memory”.


      • For sure. I don’t mind though. I’m happy for Macrobusiness, Martin North and similar to be the only ones who really picked it, as long as the mainstream gets on board and hammers it home!

      • Pretty sure 12 months ago he was saying the fundamentals are sound and 8-10x median wage in “some” parts lol.. in some parts with more like 15-20x median wage at $1.5 – $2m and some people are still expecting those prices now.

        Banks are still willing to lend 6x household income. Sister and her husband are joint income of $100k maybe a little more, but paying a mortgage still (small 1 now) and banks have given pre-approval of $600k..they probably have good credit scores though. They want to buy an IP in Sunshine.

        I said wait ateast 12 months.. no long ago they didn’t think prices could fall. Yesterday they agreed prices were falling…this boat is slow to turn.

      • There will never be another China either. What they didn’t post 2009 is a once in human history event.

      • Shane Oliver is a weathervane who was predicting boom times ahead from early 2018 before changing is tune late last year. As this year goes on, more will work out that it’s impossible to hide the falls, so we’ll see more sudden realisations in the name of reputation salvation.

      • I’d put Shane in the Kouk/Bloxo/Wilson/Pascoe bin, tbh. But he’s staged quite a turnaround in the past 12-18 months. Too late to help anyone of course. But at least he’s understood quicker than most how very wrong he was.

      • McPaddy – agreed. It’s also the case that Shane got a lot more honest just after AMP got smashed by the Royal Commission.

        Possibly just coincidence. Or possibly they made a business decision that to rebuild some credibility, they needed to be more honest and accurate about financial commentary and maybe gradually get some reputation back that way. Who knows.

      • An IP in Sunshine. Right.

        My sister works on rail projects and she’s convinced the West of Melbourne will boom with all the Government infrastructure projects etc.. It’s hard to convince them otherwise. Her inlaws have done well out of property and therefore have several investment properties. So they are just trying to emulate that example I think. I personally don’t like much of West Melbourne so I stay clear. I compare Sunshine with Frankston and I think Frankston has miles more on offer.

      • I was looking for a house in Frankanistan not long ago. Missus and I walked around Frankston CBD and the missus didn’t like the junkies. I said St Kilda was like this 25-30 years back.

        Didn’t reassure her…we didn’t buy in Frankston. But long term I think Frankston has potential.

  5. GunnamattaMEMBER

    The ALP needs to announce a cleansing of the Executive level ranks of the public service and a review of all representative position filled by this government in the last year….

    ….it has become contempt for the national interest the way this government is opening spots for political hacks and lackeys

    Morrison government gives former staffer a $350,000 job managing the Great Barrier Reef

    • can they do that without paying massive compensation payouts? I know it is still worth rather than leaving incompetent people in such roles but just curious if there is a process/review that can just take these people out on a basis of landing their roles without merit.
      Otherwise we risk becoming another Macedonia or Greece where one party wins and sacks half the public service, replacing it with their own members and so on..

      • ChristopherJMEMBER

        When senior people are let go, the payouts can be very large – ABC’s former CEO got about a mil, essentially contract paid out, as they had no proper cause to cease her contract.

      • Depends how they’re contracted. If it’s an SES type contract then there are options. The incoming Minister could “restructure” the authority making the position redundant. If they’re on a fixed term contract that could be a lot harder even if they made the position redundant. Either way, should be referred to the Federal ICAC starring alongside Kelly Bundy.

    • Mining BoganMEMBER

      This is a mob who likes lower wages/wage flexibility. I’ll do it for a mere 150 gorillas plus expenses.

      My qualifications.

      Know where the reef is.
      Been there.
      Caught a few coral trout.
      Know what to do re cyclones
      My swim stroke is much better after some recent coaching.
      Like a chat.
      Been snorkling.
      Know some people in Queensland. *waves at Mum and Dad*

      Reckon that makes me just as qualified as this other clown at less than half the going rate.

      *waits patiently for phone call*

    • DrBob127MEMBER

      Visualising the downturn. Sydney is well underway, with Melbourne not far behind.

      Looking forward to the March 2019 results.

  6. GunnamattaMEMBER

    This week one of the underlings at the place where I work mentioned he needed to take a day off (and he has to clear these with me before his chief agrees). I had no problems with it, but when I asked ‘what for’ I was shocked.

    ‘I need to apply to rent a house’ he said. I had already told him I had no issues with him taking the day off, but the story he related and (more disturbingly) the photos he showed me left me shocked.

    He said that for about 8 weeks he has been looking for a new place to rent with a mate. They are both employed early 20s men, both have good work history, both have rented for a while around Geelong. They are both moving out of share houses where their names have been on the lease, and there have been no issues.

    They have (either singly or together) been turning up to house inspections around Geelong for 8 weeks and havent yet found a place. He tells me that every time they go to inspect a place there are 30-50 other people there to inspect the place. Every time he applies to rent he is knocked back, and when he has asked the agents has been told ‘the landlord preferred other applicants’. One of the photos he showed me had easily 50 people lined up waiting for an inspection. He mentioned that at that inspection those well down the line were only getting to the entrance when the agent said ‘time is up in 5 minutes so be quick’.

    He has also mentioned that every time he applies the agents ask if he wants to ‘bid’ to pay a higher rent than advertised.

    This is Geelong – not the centre of Melbourne or Sydney (or somewhere with decent jobs). If we are putting any significant portion of younger Australians through this then we are laying the seeds for some major issues down the track.

    • Good friend of mine owns in Geelong. She recently couldn’t find a tenant and has now instead moved down there herself. I’m not sure if she was asking too much but it was through an agent. Pretty sure she only wanted the term to avoid stamp duty (6 months?), that would have put people off I guess.

      I tried to talk her out of buying, but buyers agents told her how good the opportunities are. Spent some time down there with her, and it’s a cool place around the foreshore, though the rest is pretty ordinary.

      Up and coming or future slums? I don’t know.

    • Sounds like the Tasmania situation. A lot of Melbournites fleeing the city to cheaper pastures?

      • cheaper pastures… love that. Here in Camden Haven rentals are longer on market that anytime in the last 10 years.

    • Completely the opposite where I live. Few houses with For Lease signs for over 2 moths now. One that just got occupied was taken by very rough mob. It looks like there are some desperate landlords in Middleton Grange.

      • I just rented a place from a desperate landlord. Was soooo sweet, rent was cut 15% from what they were initially asking for a really good place in a great spot.

        Randwick Sydney.

    • been told this is due to the govt moving 3 insurance agencies down to geelong (worksafe was one of them, can’t remember the others)

      • C.M.BurnsMEMBER

        The NDIA have a large office there.

        What’s worse for the locals is that worksafe and the NDIA both have very large IT systems programs underway, so there wlll be loads of third parties (consultants plus direct contractors) also all competing for the short term lease market (since I guess there aren’t many hotels)

        So ship maybe thousand moderately well paying jobs to a regional town and then turn on the project funding taps that brings in the consultancies = can see many locals getting squeezed.

        FWIW the rental market in the inner middle (S, SW, W) of Sydney is very slow. Lots of homes on market, lots of rent being dropped for anything but the top houses

    • Gunna reminds me of Ireland circa 2007. Only reason I found my first place was because I rang a landlord who just leased a place but told me he has another for rent he is about to put on the market. So we got to see it before it was finished (renovation) and said we will take it on the spot. I saw long lines for other rentals. I recall going to 1 where first couple who went in said they will take it and the agent told everyone in line sorry but no longer available..

    • Very strange. I lived in Gtroit for the previous 2 years. In Dec/Jan it’s a shitfight to find a place ot live due to a new Uni year, but I found a place in late Jan and then later in August to rent where I was one of a few that showed up, and got approved for both. Maybe airBnB is taking off?

      • Indeed.
        In fact, he’s a fine writer who happens to spill words about cricket.
        He could give an account of someone ironing a shirt that would be engaging and filled with insight.

      • Shame Roebuck is no longer. That guy was the master of the metaphor. Love the cricket posts fellas. Australia morals to win the Ashes,

      • Roebuck was an outstanding writer, but I’m not sure the metoo era would have agreed with him.

    • This would be settlements now on sales around end of January correct? Another few weeks of volatility until the asre drops out again. 😉

      • thinking same. Would be interesting to see where prices will be heading (pace of price falls would be more accurate) from week 3 or 4 in Apr. It is important not to cross the psychological barrier of registering weekly price growth even if that is only temporary. No let up just continuous negative weekly numbers.

    • Easter guys. That was the date for the next leg down to start i recall. I was hanging on till easter to know it was cooked. Reckon this yeat too, it will look suss until easter. Then done.

    • On the topic of computing,
      I just bought a shiny new one.
      And my, isn’t a new install of Windows a bother.
      Beeps coming at you from all corners.
      An assistant you don’t need.
      432 big ugly tiles crowding out the screen every time you open the start menu.
      Unintuitive system controls which prevent the simple removal of the above.
      Give me back XP.
      Grumble over.

      • Reinstall with vanilla Windows 10 over the OEM and you’ll probably find less clutter.

        Right click – Unpin if you want to remove stuff from Start.

      • They were the first two things I did once I plugged in.
        And still the are there when I turn it back on.
        It’s going to be a looooooooooonnnnnnnnnnngggggggg weekend.

      • win10 is ok. just do updates for the next couple of days. eventually you’ll be able to do something useful. i like the new delay function on snipping tool.

      • 10 is an on going nightmare of never ending battle for privacy and when you thought you patched every possible leak hole, an update will default most back to airtight as a sieve.
        Ever wondered why FB changes policies and privacy weekly?

      • Open Shell is the answer to the start menu woes

        Windows is really putting up a fight.
        I’m visiting every nook of the control panel to switch off as much as possible.
        The issue is that a restart causes it to go back to default.
        Someone has already started a thread about this on the Microsoft forum.
        No love, or decent advice from MS.

      • Gav,
        I know. I use Windows for work and want to be able to test out alternate software and settings at home. Otherwise I’d just be rocking Mint.

      • Orright, I’m about to update too & have heard the sh1tty stories, but some of my trading software needs Win to run….. Is there a way with Linux, Unix, Mint or something else that won’t be too clumsy or difficult – I’m not PC illiterate, but no geek either…..

      • I tried Ubuntu recently. It is easy enough to install. As per every other time I have experimented with different flavours of Linux in the last decade or so:
        1) If you have specialised hardware like capture cards etc you may be disappointed to find out it is not supported
        2) Don’t expect Wine application to be able to run all your existing Windows apps
        3) The MS Word/Excel equivalents are still sh1tty and too slow for any serious use.

        If you are a java developer, or just want to do basic word processing, social media, etc, then Linux will be fine.

      • drsmithyMEMBER

        It’s interesting to observe that for all the angst about the Windows 95 GUI when it first debuted, it now seems to be the gold standard so many try to get back to.

      • I run windows 10 on my Mac Pro when I have to. Macs work like appliances. Although these days Windows 10 is not too bad. For a software engineer though the mac has a command line and a good default toolset.

      • Yep Mint is probably the best available operating system if you’re after an XP look and feel or you can just decide to run Virtual Boxl.

      • drsmithyMEMBER

        Personally I’ve never had an issue with Windows per se since I shifted over to NT4 from OS/2 in the late ’90s. I find all the complaints about “the new version of Windows” rather mystifying.

        That said, for the first time in my life I now have to use a centrally-managed, corporate-image laptop for work, and I can certainly see where many people get their bad impression from. I’ve had more problems in the last year with it than I have in the previous ten across all my other Windows boxes combined.

        It’s entertaining finding the strategies people use to get around it. The common one at the moment seems to run a stock Windows 10 image natively, then run up a small VM with a Windows 10 corporate image to basically act as a proxy into the corporately managed my documents, etc, then use VMW Workstation’s folder remapping feature to map the native equivalents to the VM ones.

        Apparently until about 18 months ago people were allowed to use MacBooks. Sadly no longer allowed due to “brand perceptions”.

      • You have to turn it all off in the registry but even then it doesn’t let you open regedit easily there are hoops to go through. I’ve gotten rid of their garbage successfully a little while back but forgot now how to do it, was through the registry though.

      • alterbrainMEMBER

        For Mac or Linux users that want to run windows – the lowest cost option is the Wine emulator. It will let you run many windows applications but it does have issues. An alternative I used for a long time is Parallels. It creates a virtual partition where you install a complete windows image and all the software that you need. It has the ability to share the underlying files so you can write to them in the windows image and then work with them in Mac OSX or Linux. Nothing comes without a trade-off. Parallels runs a complete PC so you need a shipload of memory if you want to keep your native OS running too. However, if you want to run Windows and Mac or Ubuntu – it’s really reliable as long as you keep the upgrades up.
        I switched to plain Win 10 because I really dislike the way Apple treat their customers as cash cows, and they dropped the ball on OSX for several years. Plus I was up for double patching, Windows and Mac. Have I learned to love Windows yet? not as such. I keep thinking of how painless Ubuntu was. If it wasn’t for my clients all using Windows …

      • The Traveling Wilbur

        Massive NT fan myself. V3.51 was MS’s best ever OS.

        Shame that I wanted to connect USB external hard drives, wifi and video boards built this century. Otherwise I’d still be living in my cave with it, my 486 and my AOL account.

      • drsmithyMEMBER

        Massive NT fan myself. V3.51 was MS’s best ever OS.

        Yeah, I hear people say this, but if you ever get nostalgic enough to run up some of those old OSes in a VM and play around for a while, you realise how awful they were.

      • NT 3.51 still primarily a server o/s with older GUI.

        I tend to rate them by how long my relationship with it lasted. XP almost a decade. Win7 a little less. Win95 a few years. The other older versions were good for a bit of casual fun.

        Win10 a transitional release much like Win2000. As was the case with XP vs 2000, I expect the next version of Windows to have a slicker UI than Win10. It is coming out before Win7 expires. Hold off if you can.

  7. ChristopherJMEMBER

    As others look to the auctions and the RE action, I sit here waiting for washing machine delivery. Three weeks ago, my two year old Hoover wouldn’t close door (door catch), so Tonto calls Good Guys and we put in a warranty claim. Had follow up call from company that would fix machine, so just waiting and waiting…
    She finally has enough and calls again. Good Guys follow up and it turns out the part is on ‘back order’ – so money back, didn’t even have to ask – got a top loader this time.

    Haven’t been up the Green Arrow this year, but we went up this morning early. Despite being regular runners, it was hard going upward. Terrific view from top:
    Can just see Mount Bartle Frere at the right above Walsh’s Pyramid (Gordonvale).

    And, up near top today, we stopped to look at some strange mushrooms growing on deadwood when Tonto spots this nest of native bees, just out in the open air:

    Special and the endorphins last whole day

    Oh, yes, enjoy St Pat’s today. We have real treat at Casino tonight – Damien Leith, for free Did he ever get those teeth fixed?

  8. ErmingtonPlumbingMEMBER

    The Alarm that was supposed to wake me up at 11.55pm last night so I could make my attempt at being “King! of Weekend links”, just went of 12 hrs late,….sigh.

  9. Had the NBN fairy’s come and install NBN in our street. The internet is now so bad I need to hot spot from my work phone. Big up yours to you Malcom Turdballl. Thanks for your legacy.

    • ErmingtonPlumbingMEMBER

      I’ve had the same Optus cable account since 1998/9 and its accompanying pay TV for almost as long here in Ermo.
      Over the last 12 months or so, our downloads speeds have clearly been getting worse and even the Standard def 50 inch plasma (almost 20 years old when it recently shyte itself) used to pause, re buffer and drop to a lower resolution all the time, something we never noticed before a few years ago.
      Optus Cable Is not part of the NBN,… WHAT’S GOING ON?
      Is it these much higher definition 4k TVs?,…seems everyone is streaming their TV watching now days, this must be consuming thousands of times more bandwidth than Gaming and other usual kinds of internet usage,…even more than Porn Im guessing.
      What’s the long term solution?
      If we can’t Get it right 15 km from Sydney, in a direct line in between Parramatta and the CBD it must be Fked everywhere!

      • ChristopherJMEMBER

        Go with a company like Aussie Broadband, Ermo, that has its own dedicated fibre network and adds bandwidth as necessary to keep all customers happy. We only have the older led tvs, but both of us can be streaming at full capacity. Oh yes, Warren Entsch lived around the corner when the NBN was being put in. Most of Cairns got fibre to the node and last 100m or so to your house uses the existing copper two pair. We got fibre to the house. Only thing the honorable mp ever did for me.

      • I am having similar issues. IINET switched us to Broadband (not NBN) from ADSl, speeds are amazing in off peak (up to 90MBS) and extreme slow during peak periods (0.5 to 3MBS DL). I’ve been with IINET 8 years and always been good speeds and we live close to the exchange. Dealing with their – now TPG offshore – customer service has been the worst. They can’t explain what is happening or offer any solutions. Strange thing is Netflix seems unaffected but most other apps/streams are unusuable during peak.

      • Bandwidth is limited on those HFC pay TV networks. More customers in your area will limit the amount available to you.
        New apartment developments will do it.

      • We are still waiting in Parra (making doing with 5Mps download) though we have been told we are getting FTTC next year which means the copper section should only be about 20 metres.

        Have been hearing horror stories from people who have been connected to NBN using the clapped out HFC.

      • “Optus Cable Is not part of the NBN”

        I received a letter notifying that my Telstra Cable will be disconnected at some point in future. I am filthy about it and now looking at the larger 4G plans.

        Telstra also going to ditch the copper network which means you can’t call 000 during a power outage.

      • Yes, similar thing here over the last year speeds at peak hours have halved over TPG ADSL (they are fine off peak). Guess it’s just her amount of data being used now.

        As you will see from my post below we’ll son have NBN but I have doubts it’ll be much better. Will wait for neighbors to test it & report. LOL

      • alwaysanonMEMBER

        Netflix or Stan in 4K uses ~16 Megabit/sec continually. Imagine all the people binge watching using that much bandwidth…

    • you have been put on a plan with low bandwidth. Talk to your ISP. They might be screwing you.

      • Just had NBN connected. It is very inconsistent, unreliable & next to useless. I’ve been using 4G more now than I ever did with ADSL2 & I’ve only had NBN 3 weeks. Cannot get anyone to respond to my queries & concerns re the NBN. Its a very ordinary experience & one wonders how this NBN thing can make money.,

    • ChristopherJMEMBER

      thank you J – and this: ‘Stop going in Sco-Motion,” said one banner. “Get off your arse ScoMo” said another. “ScoMo has kids?!!!” another banner said incredulously.

      If we tried this, a la gilet jeunes, the media and the police would be out in force, as well as the right wing nut jobs, and you know the rest. The kids actually have a much better chance at forcing change than the adults.

  10. matthew hoodMEMBER

    Local paper had a story of a young couple who started their property empire on apprenticeship wages. It goes on to say how they saved 50% of their wages every week and didn’t do anything that would cost money; go out with mates, having a holiday etc. They even had to sell personal possession to get their first house over the line. Now 12 years later these Aussie battlers have a 4 million dollar property portfolio. But as happens in all good stories the best is saved for last, Daniel tells us we could also have a 4 million dollar property empire with 2 million in equity if we chase the dream with all we have and he’s in the process of setting up a company to help us.

    • “..and he’s in the process of setting up a company to help us.” – so he is experiencing liquidity issues and needs to offload few of his houses to anyone stupid enough to pay him for his advice. Plus planning to collect commissions when he sends prospective buyers to few selected RE Agents. Isn’t Mr IQ doing same??

    • Ronin8317MEMBER

      4 million property with 2 million equity means 2 million in debt. It is not a nice place to be in. The people who made BIG money are the one who bought in the area that gets rezoned. A block of land in Box Hill was bought for 4 million, then resold for 12 million after zoning change. Badgers creek : a block of rural land worth a few hundred K 10 years ago is being sold for 12 million right now. Closer to where I live, a house sitting between the Great Western Highway and M4 freeway was being sold for 500k with no takers for a long time, got rezoned to R4, and is sold for over 2 million.

      Land banking is where big money is made.

    • A lot seem to be doing this – suspect they’re all having issues refinancing and needing an additional income stream to keep above water. It’d be funny to call him up, pretend to be in a similar situation and ask who he spoke with at the paper and much he paid for the advertorial.

  11. Part-time work is a full-time problem for younger workers

    Labor ads attack Greens’ disunity in attempt to win key progressive seats at NSW election

    The Christchurch shooting was streamed live, but think twice about watching it

    How a Cold War scientist escaped a gulag to pioneer reproductive technology using sheep semen

    • It is callously cruel. The manifesto gives insight that you will not see in the MSM.

  12. drsmithyMEMBER

    Do they cover what it’s like when the place you try and flee to wants to throw you back to the wolves ?

  13. After a shit fight at work around being put under the pump (FIRE sector, poor resourcing) which has now escalated to HR after I provided an ultimatum – fix it, or I walk… I’m now looking overseas given spineless, complacent managers interested in maintaining the status quo.

    It’s the straw that broke the camel’s back. I hate what Australia has become.

    So, any suggestions for somewhere a millennial can go with significant savings and holiday/relax for a little while, then potentially gain employment?.. Background is Software Engineering.

    • Go to South America. You can fly to the USA for interviews when you decide it’s time to get busy again. There is a specific Aussie visa ( the E3, you just need to get a job offer to get it).

    • drsmithyMEMBER

      +1 for the USA/E3 advice above. Probably the only good thing to come out of the USA FTA.

      These days you probably don’t even need to spend half an hour explaining to your potential employers what it is.

      Do you have any other citizenships ? Any parents/grandparents from other countries ?

      • I think i’d top myself after a few dublin winters! It’s bad enough here in winter, I dunno how europeans deal with their horrid winters.

      • I dunno how europeans deal with their horrid winters.

        It’s a mystery, but what I’ve always wondered about Ireland is how two things as marvellous as Guinness and Bushmills were invented in the same country.

      • Timmeh,
        I spent a decade in the UK, I reckon I’m colder in Australia in winter as the houses aren’t designed for it. Plus over there everywhere has clockrooms, and is built for it. The pub scene is amazing. Then you’ve got escapes to turkey and Morocco when it gets cold, skiing in Europe is only a couple of hours away.

        Uk/euro summer is also amazing, light until 10pm, more travel, you can be outside without applying litres of sunscreen. I’ll let someone else take it from here…

      • TailorTrashMEMBER

        I dunno ….put on your Wellies and get out of depressing Georgian Lime stone Dublin ……….and with dry feet you could really enjoy Ireland ……
        It has subtitles that are good for the soul …….

      • After 6 winters I couldn’t hack another in Ireland, but man I had so much fun over there. Some of the best years of my life so far.
        @StatSailor – Jameson Whisky also!
        @J Bauer – Exactly, I’ve never had so much fun drinking as I have in Ireland meeting strangers. Morocco was awesome when Ireland was covered in snow, I could literally surf on the beach and it was a 2 hour flight away. Summers in Ireland are awesome 11pm and outside at pubs and it feels like 6pm in Australia. Still sun out. :).

        @TailorTrash it’s the people that make Ireland so nice, it’s great craic like.. .:D there is a lot of young Europeans in Dublin because of all the tech companies, feels a bit like being at University. ]

        My personal experience was that the apartments had shyte build quality and you still felt the cold. I don’t know if I could go back now though, quality of life here is better (or was..) but I just can’t handle the cold and rain. I may go back for a visit later this year. My aunt wants to take back Dad’s ashes to bury him with his folks :(.

      • @Gavin,

        Yes Jameson’s too – I mean Jameson’s goes without saying.
        So that’s three delicious beverages, perfect for winter evenings, coincidentally all invented in a country with intolerable with intolerable winters – surely proof of the providence of the divine!

  14. So a few months ago they started to put in the NBN in our street. Some guys come with a big disc saw, cut out a sections from the cement path, dug the ground up and put in all the junction box housings, filled & sealed the edges with cement & put the lids on. All good, been like that for months, perfectly good job (though the cement seal on edges was poor quality). The NBN guys have been at least 15 times just that I know of, which seemed excessive to me, they must have been a heap more times when I’ve not seen them also.

    But yesterday when I got home they were here again with tipper truck & mini digger. They then ripped up all the concrete slabs around the junction boxes, the same ones another crew hand cut months earlier so carefully to size to match the junction boxes & removed the cement seal etc. And have now filled in the slab area with new cement to form a slab around each of the junction boxes outside every 4th house.

    Has this happened in your areas? And why the ____ are we paying for this rort, no wonder the NBN is over budget if this is how they run things.

    Rant over

    • Mining BoganMEMBER

      FTTC finished in our area with accompanied mess a couple of months ago. Was trying to ask why some things were being done like they were but my Queensland english must have confused them. The original Kiwi guys were good though. Better than scaffolding they reckon.

      We’ve been waiting for the neighbours to see how it goes but it seems the whole street is doing the same thing. What to do? Oh yeah, the rebuilds! Plenty of old places bulldozed for some new cardboard places. Yeah nah, sold but nobody moving in…

      • I wouldn’t be too concerned with FTTC, you should get a good connection. It’s the FTTN that’s the issue because they use the old street copper. Took me a month and 4 lot’s of techs to finally fix my connection because the copper in my area is so old and bad.

      • Mining BoganMEMBER

        Still concerned. Too may horror stories.

        If Lovey loses Netflix then all is lost.

      • TailorTrashMEMBER

        What is FTTC ? ….Fibre to the connection ?
        Had the NBN chaps knock on my door a month back …said they were installing in the street …put a box on my outside wall with a black wire going out to the street poles …Would that mean my NBN is is coming via the copper phone wires ?
        how would I know ?
        ………….have had my ADSL supplier TPG send me stuff to switch to NBN now it’s in my area ……..

        similarly Mrs Trash likes her Netflix bodice rippers ………….so she is asking me if we should change …….but I have no idea

        ……suppose we should do the decent thing and try it given it’s cost the nation 50 or 100 billion …..or what ever ?

      • TT, fibre to the curb. So fibre almost all the way to your house, with a box connecting to your last bit of copper into your house.

      • TailorTrashMEMBER

        Thanks Th …..so how would I know ive got this FTTC …would there be some thing at the curb ….or nearest light pole ?

      • Cheers Timmeh for the explanation.

        I had been under the misapprehension that FTTC was a business offering tailored to RE agents and associated FIRE punters like Mr IQ.

        As in ‘Fibre to the Cvnts’!!!

      • TailorTrashMEMBER

        Thanks MB ….on the basis of that site I get …..HFC ….Hybrid Fibre Coaxial……..now given I live in true blue liberal land ( for now ) that is a true Malcolm /Tones /Malcolm provision solution ………..and no doubt reflects the money allocated to a safe liberal seat .

        But …….mustn’t grumble ……….back when ah were a lad ….aye …………used to drop penny in village phone ……and press button A ….to talk to ( marvellous eeeh ?) …..good sort nurse at town hospital ………………………nbn ?…….LUXERY !

      • I’ll probably be in the same situation then, though posts below are positive.

        Though I suspect the fact that often when we get heavy rain my connection is terrible for a few days, not sure if it’s the copper wire from the exchange (NBN would fix that) or copper into the building from street (Telstra) or the dodgy looking copper wire internal to this block of units.

    • Connected 2 mths ago, FTTC then Telstra (as it was easiest (email addresses, etc.) and same price as others . Kicked off immediately and getting quoted speeds (47 down) except for 1-2 per week drops out for 2-3 mins and runs on slow in-built mobile connection when this happens.

      Contractors (non-Australian) must be paid per connection as they seem to spend a lot of time stuffing around in street with 1-2 leaning on shovels.

      • Don’t think so. Looks to me as a combination of economic imperitive to put out something to counter Airbus,
        Having to tweak, in software, a design that is way past it’s lifespan to get it certified,
        having to tweek the control software because of the bigger engines and their different aerodynamic characteristics (the engine nacelles actually produce lift which changes the handling characteristics of the plane in certain phases of flight),
        not having failsafe design for such a critical component (it only reads from one AOA sensor, which boggles my mind in this day and age of avaiation and redundency (the FAA should wear a lot of responsibility for this when they certified it)),
        though it should be mitigated by the crew carrying out the standard EOP’s for it, but also them actively not telling people about how the system works (this particular system was put in place to save in training costs between the various models of 737, so a major selling point (handling characteristics)).

        It’s a classic case in what we call in aviation as “all the holes in the swiss cheese lining up”

        The crew competency should have mitigated it *if* they were trained and aware of how the system works, but it seems it was dismissed as an issue the crew should be aware of how the system works. The crew that flew the LionAir plane on the flight previous to the fatal one did the correct procedure and disabled the autotrim. Unfortunately, from what I have read, they didn’t write it up in the tech log correctly (that surmises the next crew actually reads the tech log as well anyway)

        Many factors all leading to the death of 300+ people.

      • Not the highest probability answer but nothing can be ruled out. This is particularly when you have Chinese vendors in the supply chain ALL of which are compelled by Chinese law to assist the state in intelligence gathering and espionage when required.
        Even the slimmest possibility should see future designs proceed with NO Chinese involvement anywhere in the supply chain.

        Is it the software or could it be the hardware…???

      • Gramus, seeing as China was one of the first to ground the fleet, I think espionage is rather doubtful. As they don’t have a significant aviation manufacturing capability for civilian aircraft, it’s a very weak argument.

    • Canberra 46%. I went along to one auction – zero bidders, zero bids (correctly reported which is nice). Auctioneer gave it the usual “plenty of keen buyers who just weren’t quite ready for auction”. They are definitely blaming credit tightening. I didn’t have the heart to tell em the dopey RBA says that’s not really a factor 😉

    • Really quite strange, there was an auction near me this morning and it sold because there’s a sold sticker on it but not included in the results. Why would they not report a successful auction.

    • From, Louis Christopher
      Sydney preliminary auction clearance rate was 56.7% today. 539 listed, 386 reported. Unreported rate was 28.4%. Estimated final clearance rate = 47% to 50%. Last wkd final clearance rate revised down to 48%. This time last year = 56.5% (817 listed). 2017 =76.1%, 714 listed.

      Melbourne preliminary auction clearance rate was 54.8% today. 744 listed, 553 reported. Unreported rate was 25.7%. Est final clearance rate = 47% to 50%. Last week final clearance rate revised down to 42.9% This time last year = 64.1% (1444 listed). 2017 = 75.7% (1205 listed).

      More crappy results from crappy data. The number of sold priors are strikingly high, does anything actually sell at auction anymore?

      • We passed one in Middle Park yesterday that no one was at other then the sleazy agents ( looking like cornered druggies), but the F1 GP practise was on so maybe why.

      • No doubt those 10k + 4% stamp duty concessions are funded from stamp duty revenue that is quickly plummeting 😉

        Shadenfreude to the state to the max 😉

        Regional areas (inc Geelong) qualify for 20k.

  15. Nathan Birch. He’s all class.

    “I’ve been waiting seven years for this market to return. This is my pay day,” says Nathan Birch, 33, who owns 187 properties across Sydney, Melbourne and elsewhere.

    “Everyone is going to get scared. It’s like there is a fire in a big building and everyone runs to the exit door,” he says. “If you can hide in the stairwell while they’re running, you can go and pick up all the phones and watches and come out holding them.”

    • The guy is not playing with a full deck. He’ll be bankrupt soon, and in the papers. A laughing stock. Mark my words.

      • That small part of your brain is asset price bubble scar tissue from the last 20+ years. It will take some time to heal. I suggest a daily visit to the core-logic index on Melb/Sydney. Soothing balm and schadenfreude. And the reality of what is looming for master Birch becomes clear.

        By contrast, Mr Birch’s brain is currently exploding. And his scar will last a lifetime.

      • Birch has previously pleaded with his viewers never to negatively gear. From that you can work out that he is not leveraged to the hilt.

        I actually believe him when he says he wants prices to fall so that he can buy more. What he doesn’t want is an Ireland style crash.

      • Freddy, I don’t think Australia will have an Irish style crash. Ireland, for better or worse, had the EU to buffer and boost it back to life. I am certain that Australia’s experience will be unique. And down under, no-one can hear you scream.

      • The one thing that has been consistently underestimated on here… the strength of the AUD. It truly is a worthless currency. Except for all the others.

      • If he doesn’t at least half his portfolio before falls in Sydney and Melbourne hit 15-17% I think he will be a goner. And we are not far from that point.

      • Freddy – destroying the AUD will have little effect as it will trigger inflation. So yes, lower repayment on your home loan but you pay more for everything else. Petrol, food, transport, cars, TVs, well, everything will be more expensive. Remember we produce fck all these days.

      • Gobbydons, my take on it is Birch was caught out by IO loan resets on some of his properties and had to offload. Last count I saw was 187 properties vs over 200 properties a year ago when he was being sued. I know he purchased another property recently so he is still able to access credit.

        Don’t get me wrong. I’d love to see this smug pr1ck go down. I just can’t see it happening without a spectacular fall in prices and/or rental returns. He is not the over-leveraged fool that has been perpetually accumulating negatively geared properties.

        I’d also bet he has stashed a lot of his rental income into a family trust to protect himself.

      • Given his strategy & when he started I think his portfolio will probably survive. Though his advice business probably not.

      • @ortega
        “down under, no-one can hear you scream.”
        Gold, though it’s probably more like they hear you scream but don’t give a toss & ignore you.

      • “Court documents obtained by the Financial Review show that by June 23 Mr Birch’s company HLG One Holdings Pty Ltd had failed to pay amounts owing on a $535,000, 30-year interest-only mortgage for 9 Victor Avenue, Paradise Point, which has three two-bedroom rental units on one title.”
        “30-year interest-only mortgage” ahahahaha ..such a courageous lender

  16. https://www.smh.com.au/politics/federal/the-end-of-the-property-boom-is-the-worst-still-to-come-20190313-p513u4.html“Others see an opportunity.

    “I’ve been waiting seven years for this market to return. This is my pay day,” says Nathan Birch, 33, who owns 187 properties across Sydney, Melbourne and elsewhere.

    “Everyone is going to get scared. It’s like there is a fire in a big building and everyone runs to the exit door,” he says. “If you can hide in the stairwell while they’re running, you can go and pick up all the phones and watches and come out holding them.”

    So (laugh) let me get this straight (laugh) Nathan Birch has been ‘waiting’ for the calamitous collapse in wealth he’s now experiencing? (LAUGH) Well, he has a lot more if it coming. That’s right, champ! It’ll do you some good. And you may be 80 before you recover. But you’ll have learnt a lesson.

    And that final analogy. I don’t know wether to laugh or cry. (But trust me, I’m laughing, even as you look forward to stealing other peoples possessions while they experience a catastrophe. It’s called looting. In the US they put up signs about that. Look em up!)

  17. Mystic MedusaMEMBER


    I literally came here to post that extract above – I cannot believe he used a metaphor evoking the concept of looting during emergencies when people are fleeing for their lives.

    It’s an unpleasant glimpse into a particular style of psyche.

      • Little does he know that in certain parts of the country, one who engages in this kind of behaviour gets lead poisoning… high-speed-lead poisoning…

    • Large miners said similar words about rifling through the pockets of the dead on the battlefield as they watched all the juniors splat the wall in the previous mining bust. Terrible imagery, but as said – a glimpse into their psyche……

  18. ErmingtonPlumbingMEMBER

    “Have your parents given you a hand at school to help you get good grades? How about forking out $6.5 million to get you into the country’s best universities?

    US law enforcement agencies have lifted the lid on a massive college admissions scandal that takes in some major high-flyers. They’ve charged 50 people, and 33 of those are parents of would-be college students.

    “These parents were the catalogue of wealth and privilege,” US Attorney Andrew Lelling said.

    They include, for example, CEOs of private and public companies, successful securities and real estate investors, two well-known actresses, a famous fashion designer and the co-chairman of a global law firm.
    Under the scam, parents would pay college admissions counsellor William Rick Singer via a fake charity.

    Singer would then set up a private room for the student’s college admissions exams, and, in some cases, pay off supervisors to change incorrect answers on test papers.

    The cash was also used to bribe coaches to get students into college on sports scholarships, even if that kid had never participated in that sport.

    “In return for bribes, these coaches agreed to pretend that certain applicants were recruited, competitive athletes,” Mr Lelling said.

    Parents paid anywhere from US$100,000 to US$6.5 million to get their kids into elite education institutions, Mr Lelling said.”


    I wonder if we put it to a referendum if we could exclude from Parliment and the public service all those who have attended expensive elite Private Schools and thise that come from the top 1%.
    They have advantages enough in the Private sector and should leave Government to the people.

      • Mining BoganMEMBER

        I looked into blind obedience a lot as I got older. I was the poster child for behavioural problems. Sucked at school but devoured information everywhere else. Being on the tail of the boomer generation was the lucky break. TPTB found it harder to destroy any individual thought when jobs were plentiful and employers valued ideas and intelligence instead of being threatened by them.

        Another reason why I despair at modern Australia. A no-hoper like me who had all the doors opened today has them slammed shut in their faces, yet a blue-footed booby can become Prime Minister. Sad.

      • Happens every time I dial into a meeting mate. Smooth talking though.. then they manage to get funding for their useless product, get involved until cracks start to show and move to something else. Then people like me are asked to clean the mess and try to turn a turd around.
        Anyone with half brain can see these people have no substance that never managed to deliver anything but they fckn float around and never go away. At my workplace at least, hence why I am trying to get myself redundant.

      • yet a blue-footed booby can become Prime Minister. Sad.
        Yeah that’s something that I just can’t wrap my head around
        Seriously does Scomo have any redeeming qualities, he’s everything that I hate in a man all wrapped up together, a truly sad sack….and that’s our PM, whoever said we had a leadership crises.

      • Someone quite recently said to me: “it’s not what you know, and not even who you know, it’s who knows you!”

    • davidjwalshMEMBER

      …. note how many are examples of the limo socialists of progressive Democrat Hollywood opinion leaders?

      … and with sad predictability CNN sited the scumbags as examples of what Trump had created …….. but then not surprising when commentators all over MSM in the US blamed Trump and his “wh!te supremacy’ views as the cause of the NZ massacre

      TDS is truly out of control in the US …..

      • davidjwalshMEMBER

        ahhhhh EP …. that wonderful sense of humour. Can’t beat it….

        TDS = Trump Derangement Syndrome
        guaranteed to go into overdrive in the run up to 2020 …….

    • “Parents paid anywhere from US$100,000 to US$6.5 million to get their kids into elite education institutions, Mr Lelling said.””

      US$6.5 million!!! The parent must be as dumb as the child. LOL

    • innocent bystanderMEMBER

      if they paid that to get them in, imagine what they did to get them through?

  19. So, I represent my electorate hence I support coal. But do I support my electorate or do I support the coal industry. If we move to solar, wind, or other renewable power, does that mean rural Australia will be left out in terms of jobs? Surely we can’t build these renewable plants in the suburbs.
    Am I missing something?

    • Support a coal industry.
      We have mega tons of free resource.

      Chinese infiltration into the media and government via bribes to create public opposition and greentards.

      Good luck running a smelter or 100MW arc furnace from renewables.

      Our industry and consumers are made to pay a carbon tax whereas china creates way more emissions from burning coal carbon-tax-free, to sell us the resulting cheap products we can’t compete with (due to carbon tax).

      That said, older power stations are wasteful and polluting.

      Use gasification to recover most products from coal.

      By restricting exports, and with the extra valuable byproducts produced, the overall emissions can be lower and economic benefit higher.

      Coal gasification

      The by-products of coal gas manufacture included coke, coal tar, sulfur and ammonia; all useful products. Dyes, medicines, including sulfa drugs, saccharin and many organic compounds are therefore derived from coal gas.

      Coke is used as a smokeless fuel and for the manufacture of water gas and producer gas. Coal tar is subjected to fractional distillation to recover various products, including

      tar, for roads
      benzole, a motor fuel
      creosote, a wood preservative
      phenol, used in the manufacture of plastics
      cresols, disinfectants

      Sulfur is used in the manufacture of sulfuric acid and ammonia is used in the manufacture of fertilisers.]

    • The Nat coal lubbers are doing their constituents a disservice by backing in coal rather than attracting new industries and investment as coal phases out. You only have to look at the social carnage that occured when Thatcher closed the coal mines or the lingering unemployment issues in Elizabeth after the closure of Holden. If the Nats really did care about their constituents, they’d be planning for the future rather than locking in the past. It’s this total lack of foresight the leads me to believe the Nats are only representing their donors interests.

      • They would be sucking up to donors, and knowing the backward place this is, they’ll just burn it without recovering anything useful from the emissions, or else export it.

        Supporting a gasification industry is really in the category of supporting manufacturing, which not many parties are promoting.
        I have heard Pauline [email protected] talk about supporting local manufacturing though.

      • Gasification should be above ground rather than the newer polluting type that is done under the ground.

  20. Can anyone explain to me why Macrobusinrss would delete comments that question the climate alarmist narrative, and then close the comments section on Friday’s article on the climate strike? Allergic to debate perhaps? pushing an agenda perhaps? Open to other suggestions. I known this site isn’t a public utility, you can do what you want, but it’s pretty frustrating to be denied the opportunity to respond.

    • ErmingtonPlumbingMEMBER

      At the moment, Its a Good time to NOT have your social media Asset deemed “A!t Right”.

      Just like Port Arthur shut down a lot of Gun shops, the Chr!st Church tragedy is gunna be used by the Authoritarian establishment to shut down a lot of what they deem “Thought Crime”.
      Dangerous times for disenters on the Left and Right.

      • I was just pondering this exact issue over breakfast. I’m already shadow banned on Twitter. I’d be embarrassed if I wasn’t. But I naively expected better from MB. I’m not going to call them communists, because the last time I saw someone call a MB writer commie, said writer threatened commenter with physical violence. Thus proving the commenter’s point rather nicely.

    • I’m gonna guess it’s not an MB agenda. Might be that some comments overstepped the line and its to hard to moderate on the weekend? I wouldn’t see a conspiracy on this occasion.

      • Nah. That wouldn’t explain why a comment got deleted that was just a one liner pointing out that if the renewables sector is already claiming to be cheaper than traditional sources, the climate emergency would appear to be solved. Unless quoting the climate industry’s own claims is now considered “stepping over the line”.

      • drsmithyMEMBER

        Judging by a) the primitive comment threading mechanism and b) the vast numbers of unrelated comments that disappear or get reparented to the root when the scythe comes through, I’d say it’s a side effect of a similarly primitive ability to remove comments.

        So the spambot probably _could_ go through and manually adjust any collateral damage – but why bother ?

        That said, a solid display of conservative persecution syndrome going on as well.

      • My guess.
        A handful of guys who work through the week and usually take the weekend off suddenly had to devote time to choosing what stays and goes. When in doubt, chuck it out was probably their rule of thumb. Since a majority of posts come from a small group of people they probably had a feel for who they were going to keep an eye on, and perhaps ban from the venue. If I was in their position, with their resources, I’d have just put up a note that comments are being switched off for a while and will be back up when it can be managed to a standard that MB is happy with.

      • Thanks – plausible suggestions. We may disagree on likelihood here, but that does give me at least some hope that MB might not be allergic to allow a free and open exchange of ideas.

  21. https://www.hussmanfunds.com/comment/mc190303/

    “Notice that preceding the valuation extremes of 2000, 2007, and today, there is a region of “white space” between the blue valuation line and the red drawdown area. Those regions represent hope. Specifically, hope that extreme valuations will be sustained forever, based on the fact that they have not had any consequence to date.

    Unfortunately, the deferral of consequences should not be confused with the absence of consequences. A 55-60% market loss over the completion of this market cycle would not be a worst-case scenario, but would instead represent a move to historically run-of-the-mill valuations that have almost always been restored or breached over time. “

  22. boomengineeringMEMBER

    Life wasn’t meant to be easy (PK).
    Once she became hysterical frothing at the mouth because of a drop of water spilled on the floor by me near the kitchen sink.

  23. FiftiesFibroShack

    I’m thinking about becoming a third generation egg farmer just to ensure a reliable organic supply gets to the brave patriots defending our country.

  24. Doing some math for retirement savings calculation. I know IR in the short term is a sh1t fight to get right.. What would one assume about the longer term average real interest rate over the next 50 years?
    Long term avg was 4.9% until last year I am reading… any thoughts on what I should be assuming going into the next 50?

      • boomengineeringMEMBER

        Ermo thanks for the waterman comments as per Fisho’s post. One thing with surfing giant waves is that when you only have a perceived 1% chance of living/surviving then any problems stuck in your brain has no room to stay there as 100% focus is required and problems are immediately expelled which means you come out of it feeling elated and stress free.
        I hope he gets back to mountain biking soon but the living on the edge of life is not conducive of a long life unless you’re very lucky. Not to familiar with mountain biking or how dangerous it is but it just needs to feel dangerous without having to be dangerous for the therapeutic effects.
        Unfortunately the life or death scenario only lasts a few days so cold salt water treatment, exercise, nutrition along with the others may be better longer lasting options.

    • yeah should have known better to ask you lot. Lol.
      Having said that, I had assumed 2% too but get this, it adds like 7 years to my working life!!!! No wonder pension funds are going bust. Or the other way is to increase the savings, guess that’s labour’s go to with sounding the alarm on increasing the min super contributions to make up for this sh1te environment. But that will be contractionary to the economy now. Here’s the tight spot between rock and a hard place.

      So another thing I worked out, each 50K extra I pay for a house now beyond my budget, adds a year to my working life till I can retire. There’s a motivation to stick to a budget paying for a house in a bubble. I am literally paying for someone else’s retirement with years of my life.

      That was a good use of my Sunday arvo.
      Is this what a financial adviser would/is supposed to so for you? To work out your position and see what is required for a comfortable retirement? Because I wouldn’t mind a financial planner checking my math even for a small fee to start with. Rest I can manage with my accountant.

      • Pension funds have bigger problems like PE …

        NC has a whole cornucopia of posts on CalPERs et al …. IR lol …

      • Mostly just liquid assets, across managed funds, cash and USD etc. We’re planning to buy our own house eventually when the prices come back to earth and essentially, be in a position to get our retirement plan going.
        Part of me still thinks we can retire so much earlier if we plan in just renting a home for the rest of our lives, but the older you get, the harder it becomes to move houses. And would like some stability for the sake of kids. Still, won’t go out of my way to work till I’m dead for it. So trying to find that balance on a spreadsheet !

        At the moment, I’m just working on assuming a real interest rate. But the a step after that is working out what asset allocation mix will maximise that and get any more etc. Not there yet, just need a base case for now.

        “If I buy a house for this much in the next couple of years and just save cash for the rest of my life…. what yearly inflation adjusted retirement income will I be able to afford if I work till.. 65, 58, 55 assuming a growth rate.”

      • FiftiesFibroShack

        It looks like you’re on the right track. It’s still probably worth getting financial advice, even if it’s only to have a fresh set of eyes look over your plan.

      • Yeah I perhaps just need someone to check my math and tell me anything else I am missing or have miscalculated. There’s off course a lot of variables unaccounted for, but as long as the framework is there, at least I can vary it as I go.

      • I’ve been saying this for while now. Many dismiss the idea outright and just laugh but when asked what they think the world will be like in 30 (I don’t think we to wait 50) years most say “no idea and why should I care..” One person said that right in front of her son. LOL

        Edit – or outright dictatorship as option 3.

    • keep % of your savings available to pounce on the stock market when next big crash comes. Moving forward we will be lucky if we get 2%. System is rigged and will be tweaked to make sure we spend everything we earn so we do work until we drop dead. We are almost there anyway – One GFC away..
      And, if I was you, would buy some gold. Small % for just in case – way too much debt that can’t be repaid so sooner or later there will be widespread deval. Definitely in the next 50 years.
      Many now say USD is safe but can anyone say that US can repay their debt?

      • Yeah that’s part B of my problem, the HOW. This is “WHAT” part of the problem. What can I expect to happen over the next 30 years if I do “not much other than work away”? The how of the asset allocation mix that will increase the chances the plan will stick or I’ll beat it, is another story all together.
        I could actually choose to invest in property at the tail end of the crash if the yield is the same or above the RIR of 2% I have accounted for. Or gold, or something else.. at this stage, just want to know my position in a base case scenario.

      • Get as many opinion as you can and form a picture. Remember, everyone will be after your money so everyone will have a plan.
        I am not Financial adviser but I’ve seen few big stock market crashes where buying (some examples) CSL at $9 or BHP at $12 would have made me a fortune – share price growth plus all those dividends.
        My view is market is at the top and would not keep much into stocks right now. But I am not sure what to do to ensure our cash is safe. ING may end sending me broke – most of our savings are with them as term deposit.
        We are in similar position but bit older than you.
        If you have money you just need to be patient and wait for the opportune moment.

    • Yes, very low for a long time, given demographics & debt. That said if the current financial picture remains h the same for 50yrs I’d be stunned, something has to change, hopefully a quick reset, else it’s Japan 2.0 for the world only without a wealthy booming market to support us, like Japan has had. Hopefully AI & India & Africa can make it less painful.

  25. On franchising, the parliamentary inquiry squibbed the issue. Why allow franchising at all? *If* the business model were shown to be one in which profits were mainly a result of counter parties’ ignorance or poor judgement (perhaps like door-to-door vacuum retailers or electronic gaming machines) *and* the main economic purpose of a commercial contract (such as a franchise agreement) is to mislead and deceive, why then should the Parliament allow these contracts to be binding at all?

    • What I have seen is up to age 55-60 I am constantly amazed at how people who come in from all sorts of high risk mechanisms DONT have a C spine fractures (we CT all of them), but after that age and certainly round 85+ it is then amazing how the slightest tumble causes major fractures. It is definitely a non linear pattern. There is a small blip for the ones who don’t survive e.g. 21 year old MVA would usually die at scene and you never find out how many of them had fractures.

      Anyhoo, I would not buy a C spine fracture in a 57 year old who fell over whilst on the piss in a hotel room in Washington or that “the bone was damaged in an autopsy”.

    • FiftiesFibroShack

      “The official ruling was that Lesin, 57, died accidentally of blunt force trauma after falling repeatedly in his room while intoxicated.”

      Russian vodka is no joke.

    • Putin is one possible suspect. But you do know that this guy tasted power and would have tried to do everything to get it back somewhere around the world. You don’t think a possibility to be taken out of the picture by other Russian competitor? Or he might have crossed wrong people in US?
      If he had something on Putin this guy would not have made it out of Russia.

    • The official ruling was that Lesin, 57, died accidentally of blunt force trauma after falling repeatedly in his room while intoxicated.
      falling repeatedly…falling repeatedly?!?!
      ffvck off spin merchants try harder

  26. Jobs growth may be slowing, but is it enough to change the RBA’s mind?

    Opal diggers’ triumph and turmoil keeps them on the ‘lure of finding a million dollars’

    Houses’n Holes ?

    Stem cell science being used to smash avocado shortage by speeding up tree growth

    Helping specufestors everywhere?

  27. TailorTrashMEMBER

    In this pretty nasty weather spent the afternoon doing a few home maintenance jobs ………
    ……..now has there ever been invented a more useful, forgiving and hide your fcukups without a trace product than …builders bog ?…….I stand amazed at the genius …

    Could we further develop this wonderful product for new markets ?………………. perhaps ……bankers bog ………..probably not …thats labeled government

    Anyway I love the stuff ………..given its ability to cover stuff ups …………hate to think how many tons of it are in all those lovely new houses being built ………

      • TailorTrashMEMBER

        Yes …..chemically same stuff ……Remember years ago a chap buying a second hand car went armed with a magnet to assess the amount of auto bog in the bodywork .
        ……….but still a great thing in building …..fill up all your stuff ups …sand and paint …….love it …..and plenty of potential usage in opal tower no doubt …..

  28. https://www.theguardian.com/culture/2019/mar/16/uk-online-porn-age-verification-launch

    UK online pornography age block triggers privacy fears

    Yes, not sure it’s they best way to go but I really do think something must be done to control access by young people. I’ve read several articles where therapists etc are treating young guys for impotence or the fact that they get more satisfaction from porn than being with a real women as their minds reward system has literally been rewired. This affects their ability to form normal relationships. Not to mention other more well known effects.

  29. Are celebrity atheists like Dawkins, Harris et al going to all be banned from Australia too because they use insulting words about all religion (but especially Christianity for some reason)? Why would “context” be granted to them as a defence but not to someone else, whose statements have been outrageously edited to remove all context by the establishment and its media shills?

    By the way, Christianity is the main target of these people because it’s the one that they feel the most need to “protest too much about”.

      • I actually read the article you posted and researched the impressum of the poster platform.

        Bottom line, it’s claiming that _all_ religions cause lower altruism does not seem tangential to the OP claiming that one particular religion (of them all) is being earmarked for culling where preachings of another particular religion absent of deity (and aptly named as such) is treated as, oh irony, as the gospel.

        Free speech cannot be conditioned by convenience and absence of it.

      • Skipp,

        Etheric response offers too many alternatives… need a bit of a stiffer tangential…

      • Diden’t think you need the history unpacking nor a fine tooth comb explanation of the neg – pos freedom framework.

      • Skipp,
        If everything is implied nothing is really said.
        No need to unpack, it is not about me but about direct connection between posted link and OP – that requires to be actually said, in simple terms first. Feel free to expand thence.

        I enjoy your conduit metaphor, I hope you may see when there’s too much of it the message becomes obscured beyond any meaning. Context of the platform commands that path.

    • drsmithyMEMBER

      By the way, Christianity is the main target of these people because it’s the one that they feel the most need to “protest too much about”.

      I think you’ll find it’s because a) it’s the one you believe in and b) it’s the one with all the influence in our society.

      • “Influence”, eh? Who on the cultural Left cares about anti-enlightenment religious “influence”? You want to get any major economic projects done these days, first thing you have to check is the indigenous people, who seem to have carte blanche to fabricate “sacred” status for pretty much any location, often because some mythical dragon-creature or nature spirit might be upset. Or the increasing need in some western countries, in the face of decades of gains for womens liberation, for womwn to watch where they go at what times and how they are dressed – because “cultural sensitivities”.

        But belief in an invisible supreme being is apparently “anti-enlightenment” even though it was held by almost all the great scientists during the era of greatest advancement.

      • I think you’ll find it’s because a) it’s the one you believe in and b) it’s the one with all the influence in our society.
        c) its a lowest hanging fruit on the tree

        there… i fixed it up for you.

      • drsmithyMEMBER

        If your supposed objective is making fun of religion and the religious, there’s much lower hanging fruit than Christianity.