Links 3 June 2020

Global Macro / Markets / Investing:





Leith van Onselen
Latest posts by Leith van Onselen (see all)


    • Even CDC says now it’s as dangerous as flu but social media is busy with another doom and has no time for truth …
      After GFC we were told is the future … thanks Obama

      • They probably won’t touch the protected species. Saw footage of a line of buildings in New York, shopfronts absolutely trashed and then comes a Chase Bank outlet, completely untouched. Nothing to loot, but surely a symbol of what these guys are fighting against?

  1. Many followers of this website have been accused over many years of catastrophism, doomsaying and other assorted nonsense.

    Well, turns out they were not nearly catastrophist enough.

    The global decay we’re now witnessing is testament to that.

    And the final bastions of extreme greed, global asset prices, have yet to fall.

    But will.

    Equities will go to zero in the US as their nihilistic civil war ends in a smouldering pile.

    And here in Australia, house ‘prices’, the final bastion of the punter classes, will implode.

    There’s nowhere else to go now.

    • The Traveling Wilbur

      Peachistan will always have rental space available.

      You may need to share a room though.
      Possibly a matress.

    • You must be too young to remember that this kind of rioting was common in the past …

      It’s just that we have social media now so it ll looks magnified by 1000 times
      Same as coronavirus that even according to CDC is less deadly than flu once real ratio of asymptomatic cases included

    • You’re not nihilistic enough mate. Real question is, will anything change at all

    • First Amendment

      Equities to zero lololol

      Good one mate

      Any day now

      The virtuous “savers“ will inherit the earth

      • Bill Mitchell has a good unpacking of “Why do currency-issuing governments issue debt? – Part 1” over at his blog, recommend you have a peek before uttering the word – Debt – again.

        Almost as bad as some still thinking [believing] slave built the pyramids and how that shapes perspective even to this day …. just because some religious book said so to supply a cornerstone to some narrative – way back.

    • Might have to cut back on the police force expenditure … around 50% of the budget …

      Trump seems to be going old school with roving armed civilian militias to keep the slaves in their place.

    • Blottridesagain

      I notice that there is no suggestion that the Banks should share in the hit being taken. et lacrimatus est Iesu

  2. happy valleyMEMBER

    Anyone heard how the sign-up to the COVIDSafe app is going? I think the Strayan government is still wasting (or should I say blessing the MSM) with full page adverts?

    Wasn’t the reopening of the “can of worms” that is Straya, somewhat dependent on the level of sign-up or is that just so yesterday?

    Got to let the economy and the vibrancy ponzi get back to BAU?

  3. Arthur Schopenhauer

    Latrobe Uni is running out of cash fast. Two weeks until it needs a lifeline.

  4. Chairman MeowMEMBER

    “Shortly after Trump’s comments leaked to the news media on Monday, observers pointed to somewhat similar comments he made to Playboy about China’s handling of the Tiananmen Square demonstrators in 1990. In them, he hailed China’s strength in putting down the protest.

    “When the students poured into Tiananmen Square, the Chinese government almost blew it,” Trump said. “Then they were vicious, they were horrible, but they put it down with strength. That shows you the power of strength. Our country is right now perceived as weak.”

    • Lol. 1 year after winning the Cold War the US is “perceived as weak”. They’ll never be good enough for Daddy Trump.

      • migtronixMEMBER

        The reason “there is always a tweet” is because
        I) he’s such a blowhard
        II) he’s so incompetent.

        • Blottridesagain

          Nothing to do with the fact that the MSM have been a lying scumbag loud hailer for the warmongering Deep State corrupt Democrats since way back before he even put up his hand as a candidate?

          • migtronixMEMBER

            Blah blah blah deep state. 4 years on there shouldn’t be a deep state if any of his blow-hards tweets had any teeth.

            They don’t. He’s just enriching his family like a crime boss.

            You, like all magatards, are just crying little snowflakes now.

        • Blottridesagain

          gee whizz! I’m blown away by your reasoned response.
          Hillary “We came! We saw! He died!” I do so wish she was president.

  5. The western world is a powder keg now and a viral video of a Sydney police officer knocking down an aboriginal teenager emerges. Go figure. In the meantime, the pandemic seems to be over.

    • Blottridesagain

      The ABC are doing their best to try to create destructive riots here. With their promotional budget I guess they’ll get their way as ususal.

  6. funny to see Trump being accused for inciting civil war … while the last guy who did start a civil war in USA is being prized as the greatest of all presidents

    it all just depends who wins at the end … my guess is that if North lost last time Lincoln would be seen quite differently … same as with every revolution/civil war in the past …

    • Its people like you that make me think international socialism is not such a bad option … all things considered.

      • my point there was that none is accusing him for what he is standing for but rather for the morally neutral war

        • What – ???

          You just transgressed hundreds of years in American history – out of context – too push an agenda and then present the proposition that hes being “accused” of inflaming and its all based on some wonky morally neutral proposition – ????

          Did I not recently say the post modernism fall back is getting tiresome ….

          • what agenda I was pushing?
            my point was that he is mostly being accused for being militant not much else …
            being called militant in contexts of USA (even toward your own citizens) is not seen as necessarily bad by 80% of Americans

            what is scary is that other aspects of his actions are completely ignored despite being morally much more questionable than starting a civil war. Starting a civil war by many will not necessarily be seen as a bad thing if done for “right” reasons … and here we come to the point many are missing …

            if someone ignored that other aspect he would have been able to say the same for Lincoln 150+ years ago

            personally I think that’s all daily politics and nothing will happen and very little will change in lives of black people in USA regardless who wins, even the American civil war brought very little to most of their ancestors