MB over Christmas and New Year

Thanks everyone for the support in what was an incredibly difficult year across the globe.

We are incredibly impressed with Australians’ handling of the pandemic, which has been world-beating in many respects. And with vaccine rollouts imminent, brighter days beckon as we enter 2021.

Dave, Chris and I hope you all enjoy a happy and safe holiday period. So does the team at the MB Fund.

Our special thoughts go out to Northern Beaches Sydney residents and those stuck in hotel quarantine, who face a severely restricted Christmas. Also to those forced to face Christmas apart from family members and loved ones.

Below is a roadmap of how MB will operate over the holiday period:

  • Chris will provide links next week.
  • I will return on 4 January and Dave on 11 January.

The MB Fund will obviously still be in operation throughout. The contact details are below.

Email:

[email protected]

Phone:

1300 623 863 or 03 8658 4038 (Weekdays 9:00am – 5:00pm AEST)

Take care of yourselves and we look forward to seeing you in 2021!

Unconventional Economist

Comments

  1. Goldstandard1MEMBER

    Thanks MB, great coverage as always-it’s been a journey.
    Brighter days ahead? I’d be interested in what angle is taken on that one…….Economically? House prices? debt at levels will never be paid back? Or simply we shouldn’t have any more lock downs due to Covid 19?

    General feeling seems to be we sacraficed the future for the past. That’s not what I would say is better days ahead.

    Anyway, Merry Christmas to all. This really is a great community to talk all issues with very different opinions.

  2. reusachtigeMEMBER

    I hope everyone spends quality time with their relations over Christmas and New Year! And may your profits increase substantially next year.

    • Always profits b4r people this thins the week and fibble minded from the pack its jungle out there merry profits 2 u

  3. It will be boring 2.5 weeks ahead without “introspective” in China’s and Russia’s aggression’s until D, L and S returns but good stuff is worth the wait.

    Wishing all Merry Happy and a Christmas New Year!

  4. Wochenendlesung Bitter

    With sincere apologies to Clement Clarke Moore and Janet.

    ‘Twas the long afternoon before Christmas, when all through the trading house
    Not a thing was stirring, not even a left-handed mouse;
    The buy-lists were hung on the Chinese wall with care,
    In hopes that St. Stimulus soon would be there;
    The brokers were nestled all snug in their beds;
    While visions of Coco and Candy danced in their heads;
    And Janet in her ‘kerchief, and I into my malts,
    Had just settled our positions for a long trading halt,

    When out on the floor there arose such a clatter,
    I sprang from under my currency desk to see what was the matter.
    Away to the window I flew and while avoiding a flash,
    Tore open the shutters and managed not
    To throw up on the sash.

    The fluros on the breast of Reusa’s new-fallen snow,
    Gave such a lustre to the objects below,
    When what to my wandering eye did appear as a notion,
    But a miniature budget with eight, tiny, relief motions,
    And a policy driver so ugly and dim,
    I knew in a moment he must be St. Stim.

    More rapid than eagles his bills they came,
    And so he belled, and called, and read them by name:
    “Now, Job-Keeper! now, Rent-Keeper! now Super-Leaker and Uni-Keeper!
    On, Job-Seeker! on, Vote-Keeper! on, Mortgage and House-Extender!
    To the edge of the rubicon! to the top of the wall!
    Now dash away! dash away! dash away all!”
    The tickets littering the floor the wild hurricane made fly,
    When they meet with an obstacle, mount to the sky;
    So up to the housetop the bills they flew
    With the budget full of free gifts, for St. Stimulus and his mates tooβ€”

    And then, in a twinkling, I heard on the roof
    The prancing and drafting of each little Act.
    As I drew in my head, and was turning around,
    Down the chimney St. Stimulus came with a bound.
    He was dressed all in fur, from his head to his soles,
    And his pockets were all stuffed with ashes and coals, from a FIRE he had stole.
    A bundle of gilts he had flung on his back,
    And he looked like a derro slyly revealing his sack.
    His eyesβ€”how they twinkled! his dimples, how mottled!
    His cheeks as red as roses, his nose dribbled like a baby’s milk bottle!
    His droll little mouth was drawn up like a bow,
    And the beard on his chin was as sparse as his pate;
    The stump of an oil-pipe he held tight in his teeth,
    And its liquidity drippings circled his chin, like a wreath;

    He had a clueless expression for a face and a little round belly
    That shook when he laughed, like a bowl full of jelly.
    He was chubby and plump, a right middle-age old elf,
    And I shuddered when I saw him, in spite of myself;
    A wink of his eye and a twist of his head
    Soon gave me to know I had my worst fears to dread;
    He spoke not a word, but went straight to his work,
    And filled every order; then turned with a jerk,
    And laying his finger aside of his nose,
    And with one good snort, up the chimney he rose;

    Not wanting his ratings to fall
    He sprang to his budget and to his debtors all,
    Gave cones and green-whistles,
    And away they flew like the down of a thistle.
    With each passing moment, they became higher and higher;
    Until not once, not twice but thrice did it seem they broke through their ceilings.
    But I heard him exclaim, ere at last he flew out of sightβ€”
    β€œHappy Christmas to all, and to all, many Federal ICAC-free dealings!”

  5. Merry Christmas and GGF MB community. Thanks for your views, insights and just plain BS – take care over the break.

    • Just so everyone gets a sense of just how much Christmas bull the Government is loading onto Stranded Australians

      This is the message they sent out at 1800 on Christmas eve

      and this is my wifes experience

      and a bit later

        • Im an Australian who was born in Australia and has lived in Australia my entire life. I find it disgusting that Australians should have to live like this for the sake of a few greedy Boomers who think they are entitled to do whatever the hell they please.

          Its not just MY life. There are many young in my boat who think they’ll be dead in 5 years. What kind of Country raises its young where they think they’ll be dead in 5 years? The Boomers are partying like its 1969 while many others think they’ll be dead in 5 years. Is that the kind of Country Australia is now?

          Please tell me under what conditions Australians born in Australia should be thinking ‘I’ll be dead in 5 years’. Under what circumstance is that even justifiable? Either the Boomers are complete and ignorant idiots or Australias in the midst of some pretty serious Foreign Interference? ( or both ).

          Australia is basically forcing Australians to leave. The only ones left in this Country will be migrants and they’ll be making all the decisions very soon.

          House prices are a hand break on Australia. Your damn right this is unacceptable and in years to come, the economy will stall and this country will be trashed.

          Your weighing up Boomers having the opportunity to trip around Australia vs the death of young Australians. Which one of those is more important to Australias Future do you think? I’ve already buried enough of the friends I grew up with. I dont want to bury anymore. 14 Australians that I grew up with are already dead. Thats how disgusted with Baby Boomers I am. Thats what the Party is costing.

        • For many years, I’ve been under the premise that Australia has had an Aging Demographic.

          Interest rates rose as high as 17% in Australia during the 1980s while Australia was at its Peak Working Prime. Boomers are expecting to die between 2018 and 2038. Im expecting to see Bonds / Interest Rates in Australia fall as low as -17% . Now, Im in a place with trained economists who Im sure would shoot holes in my theory and tell me Im wrong. However, regardless of whether its -17% or -5% , its still a bad scenario.

          Now, the problem with a Negative Interest Rate is more then half the people I know ( including Boomers ) have said, ” If banks start charging me interest, I’ll be withdrawing my money out of the Bank “. I think Negative Interest Rates would have dire consequences for Australias Financial System and more then likely, the Government will do its very best to avoid that scenario. I suspect, instead, what they will resort to is enormous amounts of Money Printing.

          Australia is a Country thats Corrupt. In the future, I see RBA trying to hold the Rates while we print the printers into insanity. I think we would have also gone the huge migration route but recent developments in Coronavirus into Australia are shutting everything down ( Im cheering all the way. Leith was right. ). Im thinking Australia will go the path of huge Quantitative Easing ( Money Printing ) in the years to come. It has to be enough Quantitative Easing to make up for the shortfall that at the very least, Im expecting -5% interest rates.

          One of my past predictions/thoughts ( Im not an economist ) was upon the demographics, we would see some kind of collapse before 2028. I think a lot of us have had our hopes up high for a crash sooner. I didnt foresee Coronavirus or the Social Trend of Fear which has Boomers turning so damn greedy.

          The way I see it, todays young are in a trap. All money flows towards the Boomers. The young arent just trying to make money in a hostile landscape but they are also trying to hold onto that money from Governments/Boomers trying to take it away from them. You can buy stocks which I think are over-valued and likely to be worthless in the years to come ( a lot of Australias Blue Chips are owned by Black Rock Group, an American firm with 50% holdings. If American Shares go down, Australias Shares go down too ). You could buy into Real Estate and feed the Property Mafia like Harry Triguboff. Propertys already over-priced.

          I’d also like to point out that Socially, Young Men have no friends. The Government hates them and wants there money. Woman hate them and want there money. Boomers hate them and want there money. Young Men today are living in a very isolated society where the moment they walk out of there front door, have basically no friends. Those they probably did have, are probably suiciding.

          Do I see Real Estate / Stocks rising? Its hard to tell but yeah, I do. A few years or so maybe. However, there will be an inflection point where that turns. We just havent reached that point yet.

          Personally, I think the Aussie Dollar is dead. It now holds some of the greatest Baby Boomer debt in history. At some future point, simply using the Aussie Dollar will be enough for your money to be devalued into Boomers pockets. Without some kind of change that looks beyond tommorrow, I think the AUD is cactus. You could reset the currency, wipe the debt and start all over again but the problem is an Aging Demographic is a Social Problem, not a Financial Problem. The very moment you wipe the debt, the Social Problem will see that debt return as soon as it was wiped.

          One thing I never predicted which I find truly fascinating is all this corruption thats taking hold in Australia today. As the money pot runs dry, everyones becoming desperate to hold there share. All this anger, frustration and desperation thats coming out is interesting to watch. The media is being censored, the people are being bullied for speaking, we’ve got Facial Recognition Cameras and Gestapo like Military going up ‘Against Australians’ to protect Migrants from Australians. Im not one of them Blair Cottrell nut jobs but it doesnt take a genius to see we are selling out tommorrow ( murdering off the young ) to pay for today. I think the real question is how long can this last? Thats the cause of much frustration which I suspect, even MB has been bedazzled over. However, I know just from looking at the Communitys around me that this can not last. The damage Im seeing in peoples lives is just overwhelming. At some point, the Governments going to wake up and realise half of the Australians have either suicided are on a pension and most arent working anymore.

          An economic crash is one thing. You can recover from a crash. Death is something else entirely. Unless Im mistaken, you cant bring back the dead? Can you show me some kind of technology in human history for bringing back the dead because unless Im mistaken, it doesnt exist. Death is not an economic crash. Its not going to recover and its not coming back. The dead stay dead and the only solution ( which Im thinking is what the government has planned ) is to replace Australians with migrants.

          At this time, I havent watched the piece on MBs Bonds ( been busy ) but I feel buying Gold is a Nest Egg Opportunity for todays young. You buy it and leave it. Im not expecting a return for many years, although I highly suspect Gold is going to outperform many other asset classes in years to come. I think eventually, there will be a major crash in Australia ( and America ) at which point Gold Prices are going to soar and I’ll be drinking tequilas in the sunset in my retirement. The other thing that Im personally satisfied of is that Baby Boomers arent able to make a single cent off me. Not one cent. In the future, I can sell that Gold to any dodgy broker and Im sure they’ll convert it into whatever currency Australia uses in the future.

          I suspect as growth collapses in Australia, the desperation is going to get far worse. Authoritarianism is going to be ramped up hard on todays young ( you’ll be arrested just because this country doesnt like you ) and the aggression to extract money from the young will only get worse. The young will have a hard time holding onto cash that isnt syphoned off into someone else’s pocket. I suspect the Government will try to protect itself and find ways to Tax things we never thought possible. Therefore, I think todays Young have to be very careful if they want to keep hold of any money they have. Physical Gold. You own it and in the future, you can sell it. Its also hard for Boomers to Tax it. It wont be worth anything till maybe… till 2028… until we have a big crash. Until then, it holds value while this country prints itself stupid.

          I’ve lived in Australia since the day I was born ( 1970s ). I have NEVER seen things as bad as I have today. I have never seen Boomers and other Australians turning on other Australians like I have today. My prognosis for the future is thats only going to get worse and without a change or a crash, Im expecting some very vicious behaviour coming out of some very dumb Australians.

          • happy valleyMEMBER

            The RBA happy clappies will do to interest rates whatever contributes to destroying retail depositors, which mean only one thing ie negative interest rates. Then, APRA will come in for the kill on retail depositors by expropriating their funds in a bail-in, which is when we will all find out what a total unmitigated ruse the gubmint deposit guarantee is.

            BTW, Mathias – the Mathias I was referring to above in reply to Gunna was Mathias Cormannator who has had at his disposal on the taxpayer tab the RAAF jet to ferry him around Europe (albeit he is now temporarily back in Straya for Xmas?) because as SFM said we could not have the Cormannator catching ScoVID in Europe could we? Meanwhile, stranded Strayans (ie the great unwashed) can pay their money and take their chances.

        • The Young have something the Boomers dont have… TIME .

          I can sit on Gold for many years… the Boomers will be dead in 18. Economy will probably be trashed in under 8.

          Unfortunately, the Boomers Chose to declare War on the Young… so now we have to adapt to that new reality.

      • Merry Christmas to all and I genuinely feel for you and your family Gunna as the gaslighting from our government to the stranded continues. What a shambles.

  6. SnappedUpSavvyMEMBER

    Fuk yuz all ya chvnts

    πŸ˜˜πŸ˜˜πŸ˜‚πŸΊπŸ₯ƒπŸ·πŸ˜΅πŸ˜πŸ‘

    • Wochenendlesung Bitter

      Who hit you? Mig’s champion? πŸ™

      PS If your dentist told you no drinking because of antibiotics, that’s just BS and you can start now, no worries. If your dentist said because pain-killers… well, that’s a choice

      But I’d stick with beer until Saturday. πŸ‘πŸΊ

        • Wochenendlesung Bitter

          Some choices are smarter than others. I am assuming just codine for the moment btw. 😁

        • Wochenendlesung Bitter

          PS But if his dentist does happen to prescribe crack cocaine I’ll call that as a pleasant way to ensure the need for future expensive dental repair. 😷

      • No booze is to stop chance of dry socket.

        I had a hectic abcess that came out of nowhere, a filling I had done earlier in the year didn’t set well enough and was hiding a bunch of decay behind it that I couldn’t feel until it was too late and options were root canal or extraction and I didn’t wanna muck around so had it pulled. The only time I’ve been able to get painkillers since they made codeine prescription only was when I had my impacted wisdom tooth out, would’ve been real nice to have some codeine now, this hurts worse rhan the wisdom tooth did.

        • Wochenendlesung Bitter

          Ouch. I know how much that must hurt and I’m stunned you couldn’t get a decent prescription? 😨

  7. Merry Christmas to all and don’t forget your water safety this summer! Drowning is silent and non fatal drowning can occur in less than 15 seconds and sometimes results in brain damage. Watch the kids like a hawk around water (and watch your life guards to get an idea of how good they are at their job, don’t assume they’ll see everything). Take care and have fun!