Macro Afternoon

See the latest Australian dollar analysis here:

Macro Afternoon

Stocks are falling going into the close here in Asia as the trading week ends and markets gear up for earnings season on Wall Street next week. Gold is just hanging on to the $1800USD per ounce level as other undollars feel the rebound of the stronger USD on the risk aversion trade. S&P futures are just clinging on to support as it looks like a full risk-off mood might be brewing.

In mainland China, the Shanghai Composite finally puts in a negative session, currently down 1.4% to 3405 points while in occupied Hong Kong the Hang Seng Index is down just over 1% to 25902 points. The daily chart shows price has almost retraced the big start of week breakout with a solid inversion:

Japanese stocks are off about half as much with the Nikkei 225 losing 0.5% to be at 22405 points. The USDJPY pair is getting sold off sharply here, completely unable to get back above former trailing ATR support and breaking below the 107 handle going into the City open:

The ASX200 is off about 0.5% as well as concern over the Victorian lockdown mounts, currently at 5924 points to likely finish the week well under that elusive 6000 point barrier. The Australian dollar continues to fall back down to ATR support just above the 69 handle, almost completing the bearish double top pattern:

Eurostoxx and S&P futures are in the red with the latter looking to finally flop here as momentum turns negative and price hovers delicately on key support at the 3100 point level:

That’s it for another week folks, thanks for putting up with me while David was away. I’m back to trading grind next week, just as things get fun!

Stay safe and have a good weekend…

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Comments

  1. boomengineeringMEMBER

    Good luck Arrow 2, for tomorrow. And good luck haroldus for being first on WE.

    • that’s 10min from where I live.. not that I go to that pub but I thought southwest would have been safe.. fckn.

    • SnappedUpSavvyMEMBER

      Casula coles is the busiest in Australia and the arabs that are in the majority there don’t even stay 1.5 meters off your rear bumper on the roads let alone in Casula mall

    • haroldusMEMBER

      We were all ready to return to the office, now has been pushed out to the end of July.

      Go you Mexican good things!

      • wife was told she not back in to office (full time) until Dec the earliest. She only goes to the office twice a week and only 2 people are allowed in the office.

    • People are just like you and me. Try to contain me in an infectious place and I will do my best to get into a safer place.

      You cannot tell me that thousands of Victorians, some asympto carriers, have not leaked across our borders since covid got out into the community. I’d walk it, if I felt unsafe and had a destination.

      The pictures on the news of people coming into QLD are frightening.

      We were up at Atherton yesterday for a night away and missus wanted to got the WC and we were passing the Barron Valley Hotel. Pushed open public bar and was met with a cacaphony of noise from the all the blokes inside. This was 11.50 and I had to wait for opening at square shaped bar, where most were seated or standing. They were all pissed and, literally like falling back in time. I ordered a pot of xxxx and a llb for the m and went to look for the old photos.

      We were safe, starting to feel relaxed, that our government had our back and that doesn’t mean we are all smug and have no empathy, nah. Lots I guess are (I’m all right Jack is very popular up my way), but we have family throughout Melbourne, Canberra and Sydney and are truly feeling it for those who are in harm’s way and lose income etc. etc.

      Business and money win out (until they’re forced to shut down again). Have we learned nothing, or is herd immunity still a thang?

      • Ronin8317MEMBER

        The safest place to be is inside your home ,unless you live in a public housing estate tower full of the infected, then you’ll just have to ‘take it’ for humanity.

        The Victorians are not running away from the virus. They are running away from the inconvenience of a lockdown. Decades of neoliberalism have turned many Australians into very selfish pricks.

      • Ronin8317MEMBER

        They are not running away from the virus. They are running away from the inconvenience of a lockdown.

  2. “The Australian housing market hasn’t been driven by speculative investor bubbles or speculative credit, things like that, which we’ve seen occur in other countries.”

    Bill Cosby?
    Bob Newhart?
    Jerry Seinfeld?
    Abbott and Costello?
    Jerry Lewis?

    No, those guys are comedians. The guy who said the above is a clown- yep…our PM.

    • elasticMEMBER

      Back in 2016 “Treasurer says supply is the main problem facing home buyers and abolishing negative gearing won’t help”
      Now that our supply problem looks like being solved, I wonder how he will manage to stick a spanner in it and ensure the problem remains a problem.

      • Decent housing is in extremely short supply. People wanting decent housing – not so.

    • elasticMEMBER

      “We do have high levels of household debt, and that is principally around housing itself. But the values, although they are in many cases widely unaffordable and are high, they are also real values, and those asset prices actually underpin things like our banking system where 60% of the loan book of the banks are those housing assets.”

      https://www.theguardian.com/australia-news/2016/oct/19/housing-affordability-crisis-not-down-to-unsustainable-rising-prices-says-morrison

      • GunnamattaMEMBER

        sounds like a man telling us the national economic butt plug it has been policy push ever harder these last twenty or so years, is also barbed.

      • Jumping jack flash

        He’s right though. There never is or was an affordability problem. The problem always was and remains a debt eligibility problem. The debt is fine. LVR is great!

        Houses were always “unaffordable” and have been for decades. There’s absolutely no way in the last 20 years that a normal, quiet Australian would be able to save up the full price of a median house using a reasonable amount of savings out of a median wage in a lifetime and still maintain a median standard of living. Debt is always, absolutely essential.

        Everything that has been done over the past 20 years, and will continue to be done in the future, is simply to make more people eligible for the larger amounts of debt they need to obtain the assets, to attach the debt to, and maintain the expected amount of capital gains.

  3. Bought second DELL laptop and Startreck tells me they delivered but I received nothing. They sent me copy of the signoff and it is not my name.. actually someone signed it with name: Ready C and scribble as signature.
    Now on hold with DELL as Startreck does not want to contact their driver.

    • Sorry to hear it Niko.

      Got a delivery today from Kmart, The box was open so you could see the contents. The delivery guy (temp visa?) told me the box was open when he got it (!) but would I like to check the contents to make sure nothing was missing. Because I had bought a cheap sh!tty item, it was in there of course. But if it had been a laptop …

      … well, I wonder how many “it was open when I found it” boxes that guy checked inside today.

      • that signature is from 2 year old mate. It will not be hard for me to prove I did not sign for it. But it will be frustrating process as I get the feeling I will be guilty until proven innocent.

    • I am GrootMEMBER

      I wish you the best of luck. Had a few experiences like that over the years, though fortunately nothing to that value. Never had any luck getting Aus Post or their offshoot to give a damn.

    • Know IdeaMEMBER

      I have found DELL to be pretty good. My last purchase had some delivery complications. I called the relevant number and relayed the problem. The response was not instantaneous, but the matter was followed through by DELL until it was resolved.

  4. SnappedUpSavvyMEMBER

    Goi g out to dinner tonight as Sydney could easily be locked down by next weekend… fck!

    It’s out of control now, if it’s in the Liverpool and Casula area which is extremely vibrant there’s no fckn hope. There is no social distancing at Casula mall and Casula coles is the Busiest coles in Australia

  5. Arthur Schopenhauer

    Heard from a Science buddy in the know that’s it’s completely exploded in Melbourne. If you are out and about in Melbourne you will be exposed.

    Remember, the testing lags reality by about 2 weeks.

    Wear a mask, stay home and strap in for a very bumpy ride.

    • Yep. The gubberment don’t want to scare the sheeple. It must be outa control down there. Western Sydney next. If you think the last 3 months were bad, that was the entre.

      • I hope you’re not insinuating that the bug spreads rapidly in ethnic enclaves? That would be so racialist. I’ve dunked my phone in bleach just for typing those words.

    • I walked to the post office today to collect some mail in locked down small town outside Hellbourne. I put my mask on twice. Once when a family group was passing me I the other side of a narrowish road and when I got to the small shopping centre. I thought I can’t control who gets closeto me or ergo had just breathed where I’m going. I didn’t end up getting closeto anyone but atm I’m in the better safe than sorry camp and I don’t care what people think. Dad said he heard some WA based scientist say on the radio today that basically Covid makes anything pure existing condition you have worse. So he basically justified my long held stancethat I don’t want it. I’m so glad the scientific mainstream is now accepting it’s aerosol spread and are finally telling people here to wear a mask. Of course we’ve run down some of our stockpiling from before and haven’t restocked much but I’m a much better cook, espmy Asian cooking skills are through the roof, so we should be ok for for variety. Did you end up having it?

      • Poppy – good to see you posting. Just on the masks though I am fairly sure that they stop you from infecting others, but not others from infecting you. They are a bit like vaccinations in that the more people that use them the more effective they are.

  6. GunnamattaMEMBER

    Report from the Bellarine Peninsula & Geelong: COVID 19

    Took a look around the Peninsula today, starting circa 0600.

    Absolutely shocked to see how much traffic was on the road – Bellarine Hwy – very early. I know it is school holidays but St Leonards and Portarlington seemed suspiciously full, and then Queenscliff was a thoroughly silly number of geriatrics all over the place – nobody can tell me they are all locals, and a number of locals were asking me if there was some way to dob in foreigners (anyone not from Queenscliff, or maybe Pt Lonsdale). Next cab off the rank was Ocean Grove – same again and packed to the rafters, despite news that a local kids centre was closed and cleaned after a visit from a kid later diagnosed on July 2. Barwon Heads the same. Then Torquay, absolutely chock a block. Returned to Geelong via Armstrong Creek [also solid].

    Geelong had 1 last weekend 2 on Tuesday and is up to 6 today. My current guess is that it will be added to the lockdown (especially seeing the Mornington Peninsula is part of the lockdown and has no cases – although I think the far greater range of links between the Mornington peninsula and suburban Melbourne, which it is basically part of these days means that it would be difficult not to lock down the MP if locking down Melbourne). Had a mate sniffing out Leopold Drysdale and Geelong proper – all seeing the same thing – suspiciously busy. Work colleague told me Geelong Rd was heavy both directions – despite road checkpoints.

    It is difficult to escape the suspicion that an awful lot of Melbourne inhabitants couldnt give a toss about the risk they may take the virus elsewhere, and seem to think they have a right to go to holiday houses etc.

    • I think there is a dissociation occurred in the common awareness within society they kinda lost fear, you and DLS and others expected big second wave as colder weather settled, also predicted putting another lock down will be much harder and worse effect on economy than do a full lock down from the beginning….only time can show how bad is this going to be

      • The colder weather thingy is looking a tad perilous when you see major outbreaks in Florida, Texas, California and India, all of which should be toasty warm this time of year. One explanation I’ve heard for the US is that everyone uses aircon in summer. Doubt if it explains what is happening in India though (could it be that India is lucky the virus didn’t hit them in the cooler months).

    • FUDINTHENUDMEMBER

      Was in angelsea today. People everywhere. Carpark full. Not locals obviously, being midwinter.. No one gives a damn. Gonna be some dead boomers next few months. I feel for the health workers next few months.

    • Not surprised it’s busy down the west coast( family member who lives there says it’s been crazy,chockers full for the school holidays).
      Our area of Melbourne is absolutely empty- no kids around playground( usually lots even if they can’t use equipment), no cars parked in the streets etc.
      They’ve all gone.
      A lot went when it all started back in March, but the rest of them took off recently.

    • SweeperMEMBER

      I’m noticing same thing in Melbourne. People aren’t getting it.
      Journalism can blame Dan, but he’s got the toughest job in the country at the moment trying to tell a couple of million not terribly switched on punters to stay at home (incl. a couple hundred thousand who all by themselves have concluded the government has voluntarily put the country into a depression because the whole things a hoax). Who would take that job? even if he did resign?

      • GunnamattaMEMBER

        Thats what I reckon.

        There is a disturbing number of people who seem to think they have had their big scare back with the bushfires and the start of the virus was a sort of extra few weeks break (paid for by the government for some) which is nice for drives, getting out in the sun, and generally relaxing. All that seems to have engendered an attitude of nobody gives a rats toss.

        Tho I have just been down to Aldi (and I would recommend the durif they are slotting for 8.99 a bottle) and the punters there at least seemed keen on socially distancing properly.

        I’ve written elsewhere my thoughts on Dan (sorry I cant recall where) – I do think he switched on the smug know it all routine a touch early. But anybody thinking they wouldnt have had the cheapest nastiest security guards available under the state Liberals is off in lala land. I understand the contracts were drawn up from a ‘panel’ of ‘service providers’ already approved by the state years ago who have had a number of contracts. And I certainly think the Colorado ski set returning to Australia to isolate in Sorrento and pop along to the Red Hill market in their isolation time, gives us an insight into how stringently they would have enforced returning traveler quarantine.

        • SweeperMEMBER

          I think they’ve mentally put it behind them. eg. the lock-down was such a shock to the system, it can’t be repeated, job-keepers mean’t to end soon so they are looking towards the future. The daily case count in the US has normalized the virus.
          The stuff from the Murdoch media questioning whether social distancing works or whether its all a beat up from Creighton etc. hasn’t helped. When all the evidence says social distancing does work and its not a beat up.
          the public health response from Sutton etc. has been flawless imo. even with masks. Now is the right time to tell people to wear them and that’s what hes done.

    • Apparently the wordis that everyone came down to their holiday houses on this side of the peninsula before the lock down started. It’s keeping the tradies fully booked up. We’re all kinda worried about getting lots of day trippers given we’re in the lock down region. It’s my bday tomorrow and i was thinking of a quiet walk along the beach at Merricks tomorrow (that would be my 2 nd walk at the beach since Feb) but I’ll probably just stick to the local cemetery as it’s the only place I can guarantee I won’t pass anyone nearby and you can control how close you get to people. Unfortunately that cemetery gets a lot of people visiting graves and I like to give those people a lot of privacy. Ah well

    • DominicMEMBER

      Just be careful with that one – that journo has it all wrong. Fluctuations in deposits have nothing to do with wealth and everything to do with debt or money printing.

      When a commercial bank lends $1m to a punter it simultaneously creates a deposit of $1m.

      When central banks buy bonds they create deposits to the same value ie. money printing leads to increased deposits.

      Judging a country’s ‘wealth’ by the size of deposits is so wrong it makes my hurt.

  7. The Traveling Wilbur

    SFM just appeared on my TV, about to take great pleasure in removing that image from sight by a channel change. Promptly.

      • The Traveling Wilbur

        Management approval not required. Have been left to my own devices for the evening.

        Pun intended.

  8. migtronixMEMBER

    How do you teach Trump to count? Tell him he has till 5 until they come for his taxes.

    1…2…

  9. migtronixMEMBER

    Crap…

    47 cases of coronavirus are in hospital, including 12 in intensive care

    • That’s the problem with a Finance person as the CEO – too honest. The marketer/sales folk all seem to leave when it is about to go pear shaped and you end up with females & accountants at the top when it goes belly up. Without any scientific evidence it’s my lead indicator – With Mac bank, ANZ and NAB CEOs having moved to the above setting we have arrived at carnage time folks.

    • Cant wait. Hurry up and get the over leveraged to start exiting please! About time the freeloaders that turned up to all those auctions with a million bucks they never actually earned did the polite thing and fkd off…

  10. Any New South Welshman here starting to toy with the idea of heading north of the border?

    • The Traveling Wilbur

      Run Forrests, run.

      Though then you would just be inevitably stuck *in* Queensland, right?

    • haroldusMEMBER

      If there is a flood of NSW refugees into QLD, does that dilute QLDs natural bounty of resources per person (otherwise known as “banjos”)?

    • Booked holiday to FNQ. Just hope Annastasia doesn’t close the borders again. Tickets and room said to be refundable …

    • DominicMEMBER

      Please don’t.

      As an aside on an electronic billboard on Milton Rd earlier: Victorians please leave. Don’t endanger all of us. (Or something to that effect. True story).

    • SnappedUpSavvyMEMBER

      Just snapped up 2 packs or double length sorbutt, seriously, not much left either

    • Been topping up since feb when we went full prepper…. never actually believed we would get away with opening up mid winter.

    • The Traveling Wilbur

      It would explain why I’ve got smart more as older I got.

      Certainly wasn’t from lurning anything.

    • Those with low to moderate drinking habits — fewer than eight drinks a week for women and fewer than 15 drinks a week for men — were associated with higher cognition scores in all three areas compared with teetotallers as well as significantly lower rates of mental decline.

      • The Traveling Wilbur

        How are we defining “week” here? Business days? 15 Mon-Sat and 30 on Sunday?

        • If you were to subscribe to the 4 hour workweek philosophy of Tim Ferriss you could really up the drink allowance. That’s 30 drinks in a normal person’s work day. 150 drinks a week. That is a 1000% increase in productivity. I think we might just be able to drink our way out of this little slump that we happen to find ourselves in.

          • The Traveling Wilbur

            I started trying in March. Just to get my eye in for when it got tough later of course.

        • I wrote a fantastic reply. One of my finest. Its wit and splendor were too much for that jealous algorithm we know as spambot. So it kept it flung it into the abyss. I imagine the comment abyss to be the internet’s version of the library of Alexandria. Such wonderous things lost to all time due to the fever of puritism. Plus a whole heap of unhinged rants from angry little men. Mine was definitely one of the former. Apart from that bit about the Zoroastrians. But what I wrote is rather self evident to any reasonable being and didn’t really need to be said. So spambot could have just taken it out and let the rest sit up here for all of the digital eternity.

          • I know and share your pain, and hope you drank a work week’s worth to make up for it.

    • The Traveling Wilbur

      Yep. If you’re going to buy that much chicken, Red Rooster is much better value.

  11. SweeperMEMBER

    the next move Dan needs to make is a penalty for refusing to be tested imo. With 1 in 10 refusing to be tested I can’t see why that shouldn’t be treated as 10 x worse than failure to observe lock-down eg. $15K fine.

    • GunnamattaMEMBER

      Completely agree. I think anyone refusing to be tested should be named on a publicly accessible database updated in real time and given a choice. Either they have the test (in the interest of their fellow members of society) or they can have three months of ‘managed’ isolation at a facility in say, somewhere south of Murrayville, for which they can be charged the going rate of $220 bucks a night plus firewood costs.

      • haroldusMEMBER

        Ah, I think I see the problem.

        “in the interest of their fellow members of society”

      • SweeperMEMBER

        Its complete BS. footballers don’t get to choose whether they get tested for performance enhancing drugs, or drivers tested for drugs & alcohol.
        Yet for a pandemic where the risk to public safety is orders of magnitude greater.. they get a choice. Why?
        Choice should be get tested or 6 weeks quarantine in prison.

      • And this is how Police states get going. Classic trading of freedoms for safety under the illusion of crisis and fear all for a virus that kills fk all people. May as well build some gulags and get on with it.

        Wouldn’t expect anything less from Victorians though.

        • GunnamattaMEMBER

          Good idea…..

          Those refusing to be tested should also be tear gassed and sprayed with high pressure water for a spell, and then allowed to stand and watch an Ayn Rand interview on a black and white TV, before having their head measured in 3d, their blood taken away for sampling, and an extra swab just for the fun of it at the discretion of the swabber.

          And some tatts

          • Swap out some cringe Ayn Rand for some cringe MSM COVID fear porn, followed by some patronising Daniel Andrews fb posts and it’s far more accurate.

          • GunnamattaMEMBER

            Actually the more I think about it the more I reckon you are onto something here.

            There is a big expanse of empty mallee scrub south of Murrayville down toward Nhill. Both places could possibly do with an economic fillip. How about, for those people who refuse to be tested, we release them into the scrub (they could have a choice of run south from Murrayville or run North from Yanac) with a stretcher laden with flour, water, Ayn Rand volumes of their choice, hand sanitizer, butter, popcorn, and packets of chicken twisties (those small packs). If they stray too far from their selected course they find themselves bumping into specially selected packs of feral dogs who are trained to facilitate a better understanding of direction and are trained motivational consultants, and they are trailed by specially selected teams of cheap (contract) security personnel looking for a ‘clusterf*ck’ but who have to follow procedure when capturing a testing refusnik, with the procedure saying that before administering the ‘clusterf*ck’ the refusnik needs to have had their legs and feet smeared with honey for three days.

            The whole lot can be observed by drones of course, and the entire ‘event’ can be sponsored by Tom Waterhouse who will be able to offer very competitive odds on each contestant, which punters will be able to lengthen or shorten their positions on according to circumstance. We sell the TV rights, and each week the contestant who gets furthest gets a yellow jacket. This sort of thing could really put Murrayville on the map

          • You’re onto something there Gunna. If you could include paintball guns and hunting licences, it could definitely fly.

          • haroldusMEMBER

            I could probably get by on; Ayn Rand volumes of my choice, hand sanitizer, butter and packets of chicken twisties (those small packs).

            You can have the twisties.

          • GunnamattaMEMBER

            @elastic, great minds think alike. I too have been thinking we need a greater ‘artistic’ component to the event – lets call it the Nhill Liberty classic.

            I think the licenses issues is basically addressed by the need for the applicators of the ‘clusterf*ck’ to have the appropriate certification and I am thinking a Level II in ‘clusterf*ck’, but you are 100% right with the paintball. I dunno if it is quite what you had in mind but rather than anyone shooting colours onto the libertarians, I am thinking more along the lines of exploding indelible dye bombs (of a range of colours but my preference would be for a big blue content) at carefully chosen points along the route – they go to grab the wrong branch for the evening fire and some psychedelic dye goes all over them.

            I also find myself thinking they could be given an old ipad on which to write their monologues (not less than 5000 words) which at the end of the route will be read aloud by them, and judged for artistic merit by C grade literary celebrities – and I am thinking you @Haroldus and @I am Groot for starters. For the Masters refusnik event I would propose they need to sing their monologue, and I would be looking for @Haroldus to take the lead in assessing musical talent on display

            I should also like to note for the benefit of @Haroldus that the idea of having the small packets of twisties is basically about offering the refusniks a choice. They can eat the twisties if they want, but they can maximise their bequest if they grind the twisties into a powder fore the salt and add it to their flour and water in order to make some form of damper.

        • SweeperMEMBER

          police states get going *after* social order breaks down because a few people had things arse about and placed “individual freedom” ahead of the common good, because they aren’t sophisticated enough to see that any freedom an individual has is protected by the state and a functioning social order.
          Or should people be allowed to refuse random drug tests and drive under the influence of drugs?

          • “Aren’t sophisticated enough”

            Or, there are people who have a more nuanced view that COVID isn’t the medical disaster it’s being made out to be by the MSM and co, and that the real game being played is the financial one which very few (aside from blogs like this) are talking about.

            But these people seemed to be viewed as uneducated heretics by the fear porn addicted and are basically shouted down a la any media talking head, from my observations anyway. Take that perspective FWIW.

          • SweeperMEMBER

            what financial game? Who in your view stands to benefit from shutting down the economy?

          • Arthur Schopenhauer

            “They” benefit.

            The strands of RNA that replicate in their hosts.

            “They” benefit. 🦠

          • I think police should be allowed to randomly test a driver’s DRIVING, but should not be allowed to check the driver’s alcohol level.
            The first is important but difficult, whereas the second is easy and money-making.

        • Aussies must be the dumbest in the world. If you are drink driving you are endangering others. If you are a healthy young lad going about your business without impeding on anyone else’s life, social distancing etc. I fail to see why you should be fined or torched and burnt as some here say for refusing to have a swab jammed up your nose. You guys are sick.

          • SweeperMEMBER

            circular reasoning:
            you don’t know the young lad is healthy until he has been tested.

          • Are you serious? So every person now is a walking disease until tested? What if I get tested today and contract it tomorrow, what then?

          • SweeperMEMBER

            I didn’t say that. I said you don’t know he’s healthy until he’s tested. Just like you don’t know someone is under the limit until they are tested.

          • SweeperMEMBER

            As per your hypothetical.
            You would get tested today, return negative. Get tested tomorrow, return positive.

          • What planet have you been on last 3 months? Just like “every driver is supposedly drunk until proven otherwise” being the premise of mandating RBT… really dont see how it is different.
            You accept one on the basis of “saves lives good for community health”, why not the other? And it hasnt been required till now.. now a pandemic demands we test like mad, we adapt. When it subsides, we stop again.
            The only thing I wish this virus did is leave a trace that could track who gave you the virus. If the impact was to give you brain damage like a drunk driver could, you could go after them for costs. People only playing fast and lose with other peoples lives right now because it cant be tracked back to them. If it could, people will want to be tested to be sure it cant be them spreading it.

          • SweeperMEMBER

            Charlie,
            In your pre-edited comment I counted exactly 10 ‘I’s’
            That’s my counter argument right there.

          • Divya – agree 100% with you, well said.

            Less seriously, one tiny quibble is that in this very rare instance the word actually is “loose” and not “lose”.

      • Wow you guys here really are sick. Maybe you should move to NK you would feel right at home.

    • Rowan McKenzie

      People are refusing their children being tested and its counted as the 1 in 10. Can you imagine sticking a huge cotton swab down the nose and throat of a 4 year old for a virus that is of zero threat to them? Its inhumane. They are right to refuse it.

      • SweeperMEMBER

        nobody *wants* to get tested. Do you think 80-90 year olds want to get tested?
        Here was me thinking its inhumane to a allow a virus to spread through the community. The parent is responsible anyway so they should wear the penalty.

      • That four year old could well go to day care, go to play grounds etc fully dosed up with CoVid and none the wiser. Everyone has to be tested.

    • Anyone who refuses a test should be double tasered in the naughty parts so they can’t reproduce.

    • Yeah. You cant refuse a RBT without being jailed as you MAY be putting others in danger.. why should u have the right to refuse virus test?

  12. The Traveling Wilbur

    Only Germany could develop a nine part plan for general public policy implementation across the country. Nine.

    • Only Germany could execute a nine part plan for general public policy implementation across the country. Nine.

      • The Traveling Wilbur

        Yeah. Nah. This might be the exception that proves the rule (it’s mandated gender equality hiring laws for public and private orgs).

  13. SnappedUpSavvyMEMBER

    Something Simple

    50ml Spiced Rum
    30ml lime juice

    Shake with 2 ice cubes for dilution

    Enjoy

  14. reusachtigeMEMBER

    Everyone panicking again about getting the virus. Is that really how you want to live your life if you are young and healthy? Go live.

    • The opposite actually.

      I have had my dad tell me a month ago how they only have so many years left and this is taking away a good chunk of their lives they wanted to travel and live the boomer life. Now they gotta be stuck at home. What if they never get the chance in the next 10 yrs..

      I told him it is the opposite for me.. got more time (touch wood) and happy to play the long game. House prices heading south giving me back years of my life later that i would have spent at work madly paying off a million $$ mortgage to pay for a boomer’s travel plans in retirement.

      Essentially last few decades took away years of my life and gave it to him. Now it is just being returned.. He actually took it well.

        • Lol. I didnt quite put it in a way that it was a dig at him.. just said “some people had favourable times last 20 yrs, others will now”.
          Plus his religion teaches him karma is part of life. If u get it too good at some point in life it can revert and thats just life.. my mum used to get visibly upset if they had an unearned windfall of any kind saying “great. now we will get evil eyes on us and bad times are going to come”. Off we went to the temple to “scrape evilness out of our lives” and pay charity.

      • Rowan McKenzie

        Good luck getting a loan when you are unemployed though… and having a better quality of life with big land tax, 15% GST, tax on food, healthcare and education.

        • If the land tax is big enough then we can buy a decent house with cash – no loan required.
          The ideal land “tax” approximates what the land would rent for. Effectively a govt that taxes land owns the land and rents it out to citizens. If you think about that model it makes perfect sense – just like a big shopping centre.

          • DominicMEMBER

            So, you’d be happy to get yourself into debt servitude to the tune of $1m to buy something you don’t actually end up owning?

            Extraordinary.

        • +1 here. If the land tax is big enough then we can buy a decent house with cash – no loan required.

      • The FNG.MEMBER

        The whole shebang has been about giving the BBs the “Boomer life”. The property bubble, falling rates, mass migration, franking credits. Now just as they go to cash out and live large, just as they do a wad on a Merc and a few Rhine cruises they get checkmated. Whoops. May have needed that money. Oh and all the govt largess that was going to be deployed while the demographic bomb went off over the next 10 years…we just spent it. Now we start the demographic implosion from a lower base. 20 years of all that BS and it all goes up in smoke. The timing of this virus is historic.

        • Jumping jack flash

          Its a matter of perspective. Boomers were lucky i guess.

          Looking at the bigger picture we have a government, scaring the people about government debt, with a total of around 0.5 trillion of debt give or take, while their people did the heavy lifting and ended up with 5 times that.

          The money for growth needs to come from somewhere. If the government wont do it for whatever reason, they lower the rates and let the people.

          In the New Economy, if nobody takes on the debt then we end up with no growth. Its very simple.

          • DominicMEMBER

            Most Boomers have no clue why they’ve been so blessed.

            A bit like property speculators – who think their success is down to their smarts (rather than just massive inflation of the money supply).

  15. SnappedUpSavvyMEMBER

    Something Nice

    50ml Spiced Rum
    10ml Lillet Blanc
    30ml pineapple juice
    1 mint leaf

    Shake till 2 ice cubes dilute

    Enjoy 🤪😁😆

  16. I lost count how many times wanted to buy few gold stocks and hold for a week or two.. at least. Even though I did really good trading I feel better when I invest even though that carries higher risks.
    Anyway, gold in AUD just broke through $2600

      • good for you mate. I sold recently as I think there will be another big sell off. But, I also start to think I made a mistake.

        • I buy physical from perth mint. I can’t dip into it easily so it’s forced savings. Perth mint bullion is scarce and going eBay rate if you can find any is $3100AUD. Very tempting to sell a bit. What arguments about being able to sell it easy. If you got the Perth mint stamp it’s very much wanted at a big premium.

        • I sold all my gold stocks yesterday. Held each for 1-2 weeks. Made small profits on each. All I can stomach. I, too, sold out expecting a gold correction. Held onto some PMGOLD.

  17. So….Gav finally buys a house moves to Melbourne…..keep us posted for your next move please!

      • Arthur Schopenhauer

        Canberra is doomed if Arrow wins the auction. No doubt about it. A butterfly flapping its wings and all that.

        • If I win I will personally cough on the agent first, and then on everyone in Parliament House, just for you all.

  18. Mining BoganMEMBER

    Did anyone else know you could watch the Eng v WI test series on the Cricket Australia app?

    This WuFlu thing is chock full of silver linings.