See the latest Australian dollar analysis here:
A relatively mixed first day of trading in 2021 here in Asia with Japanese stock markets pulling back as Yen surges, while the rest of the region saw good moves higher across stocks and other risk assets. The big non-suprise (?) has been epic upside volatility in Bitcoin, which launched over 10% higher to be above $33000 after treading water just below the $30,000 level in the last week of December. Gold has been pulled along for the ride, breaking out of its own month long funk and well above the $1900USD per ounce level:

The Shanghai Composite is up nearly 1% to just above the 3500 point level in a very strong move, while in Hong Kong the Hang Seng Index has followed in a similar vain, up 0.8% to 27445 points. Japanese stock markets are the odd one out, with the Nikkei 225 losing 0.6% to be at 27266 points as trading in Yen firms immediately on the open with the USDJPY pair shifting below the 103 handle and threatening key support at the December lows:

The ASX200 finished nearly 1.5% higher at 6684 points while the Australian dollar was finding some life to begin with before moderating here later in the session to be just above the 77 handle going into the London open, looking strong on the four hourly chart at least:

Eurostoxx and S&P futures are quite strong and ready to break out above the previous Xmas highs with the four hourly chart of the S&P500 wanting to move above the 3750 point level to yet another new record high:

The economic calendar is a bit sparse, but watch for the December final manufacturing PMI print from the US.
- Macro Afternoon - January 20, 2021
- Macro Morning - January 20, 2021
- Macro Afternoon - January 19, 2021
Yep
nope
+1
Funny. Almost
Ha
Did anyone buy any VRX resources?
It’s on a bit of a run
No … but I hear the black market in shipping containers has more demand pull than bitcoin et al …
When are you going to pay your Way and Subscribe Skip.
I’ve already responded to the past – freeloader – accusations and leave that to speak for itself.
Aside its good to hear you having a crack at Philip Mirowski, hope you read Science Mart and The Road from Mont Pelerin: The Making of the Neoliberal Thought Collective first. You’ll need some effort to understand the terms and meanings which can be difficult, but worth it in the long run.
Lmmao at PayGo …. look and the U.S. health system now …..
Lmaof at Ermo not a “member”
I’m a Member!
country member
Reusa has the largest member.
.
Silver (Hi HO)
Nice, isn’t it?
Sometimes mi know seh yo stressed out
Caw the bills them pending
Or yo lost everything weh yo work everyday and invest in
Watch yah now, touch the club find a girl and bubble pon
Find a party fi tek out the trouble on
Popcod dedicate this one to every victim and all ex-con
Like the feelings right
Going on high grade flight
Tugs a prole up, girls a roll out
Everything is nice yea, oh oh, oh oh
Everything is nice
Lol
Roads super quiet in Brisbane, driving to and from work has actually been pleasurable lol
How to straighten a bent shaft (or how not to…)
https://www.youtube.com/watch?v=ALnkQV4Bf1w
hey, it worked. not always one have to buy knew one like we do it here.
Things you’ve got to do on the farm – maybe with some lighter hammering on assembly. It’s a feels thing. Measuring pressdown & springback could’ve helped speed up referencing as it straightened….. It’ll be good enough, but never straight as new. And definitely would’ve used Copper on any pressured contact points to protect the surface.
I was expecting to see that shaft shatter or get flung of that bench at speed.
I was quite disappointed with the uneventful successful out come.
Maybe I’ve been watching to many of them “Funny Fails” YouTube clips with the kids.
Me too. That channel is fascinating but has an awesome disregard for personal safety.
Notes on liberalism.
The project of liberalism bifurcated along the well worn streams of the political and the economic.
The political project was very successful and in half a century banished authoritarianism from Western Europe and even amalgamated the Eastern empire into a semblance of democracy.
It was most successful in Europe and Japan, however, and left the Anglo world largely intact – and this is where the economic liberalism finds its ground.
Economic liberalism swings wildly in its political ambition to seek profit, and is quite happy to jettison political liberalism for immediate gains.
There are no fascists or imperialists left in Europe and Japan, but there are plenty of reactionaries in the US & UK willing to gut its institutions
The markets look like they are on very thin ice. The final rise to peak?? I think 2021 is the new 1931.
No chance – the Fed and every other CB will save ya.
Fiat and QE changes everything. No straight comparison with 1930s gold standard era is possible. The problem is not that assets are overvalued it’s that consumer goods are undervalued. If anything snaps it will be CPI. Those doing it tough will likely being doing it tougher. Then we can expect revolutions and war. Good times!
I am thinking something along those lines too. But I do see market crash as well – just can’t connect the dots how/when it happens.
One possible scenario:
Most stimulus is directed to the 1%. Some crumbs are allowed to find the way to the unwashed but the 90% of the most unwashed will eventually wake up and revolt.
Riots, civil wars to follow and markets have to crash – when no one pays for any goods as people will just help themselves by looting rich areas.
Starts in Europe and US, then spreads to UK and only then us not wanting to be seen we are too far behind the trend will just copy paste whatever merican and English unwashed do.
Possibly. Might depend on the rate at which CPI catches up. Boiling frog analogy.
Makes me think of the graffiti on Pelosi’s place – “Ban all rent”.
Caveat is this was San Fran.
QE ’31?
I feel like Trump is a Sesame St character, like Big Bumb or something
Yep, with all those republicans up its rare or rear end
You insult all the muppets and puppets of the world with that comment. Though, if you were to create a puppet character based on Trump, you’d have to have its head placed so far up its own arse that he’d be a Cheezel. It’s astounding how self involved he is. He’s definitely one for the ages.
“Recently, artificial intelligence (AI) has been used to solve the Schrodinger Equation in quantum chemistry. A team of scientists at Freie Universität Berlin has developed a means of calculating the ground state of the equation with artificial intelligence (AI), according to recent study results published in the journal Nature Chemistry. The deep learning method developed by German researchers is capable of achieving an unprecedented combination of computational efficiency and accuracy, according to the report. ”
Apparently the observe hypothesis collapses when the observer observes all before hand…
https://sputniknews.com/science/202101041081640679-artificial-intelligence-cracks-schrodingers-equation-study-finds/
Did you see this one from a few weeks ago?
https://www.nature.com/articles/d41586-020-03348-4
I’m generally sceptical of AI.
This is not a problem for “AI” – we’ve been generating mathematical proofs this way for 2 decades.
Recursion works really well when you have enough processors…
You mean, they predict what happened?
and then I guess the flipside is; it’s very difficult to test de novo predictions for eg in the protein structure example. Models are always very pretty until that point at which they are tested.
I mean that equation solving algorithms have generated mathematical proofs in ways that had never been found before. NP hard problems are hard because there is no efficient solution, if you divide and conquor by breaking up the computations and then collating the results you don’t need efficiency.
The old saying was ‘it’s amazing what you can achieve with an infinite supply of slave labor’ …
À la card counting?
Do the chess programs work in the same way?
and sold my BBUS 30min after I bought – small loss but over very good day for me. If I can make as much everyday.🙂
The only thing to gear is fear itself
noice
As long as the gold price in USD rises faster than the AUD my PMGOLD is doing okay. QAU might have been better had I been speculating but I intend holding for 3+ years.
I have been slaughtered by the exchange rate on my PMGOLD.
“National governments had been choosing not to exercise enormous powers so those globalisation had enriched could exercise their own.”
https://twitter.com/yanisvaroufakis/status/1346005866919714817?s=19
Boom times are extreme!
https://www.news.com.au/finance/real-estate/buying/aussie-house-prices-booming-despite-pandemic-bloodbath-predictions/news-story/f50a70a9e725d48dce99b1a3a1a18547
Come on in, the waiter is warm.
Next thing you’ll tell us that the waitress is wet…
The water is warm because Reusa pee’d in the swimming pool.
https://www.youtube.com/watch?v=gzKB9Af6QMs
https://www.google.com/search?rlz=1CAQRFK_enAU888&sxsrf=ALeKk02eQWiq4L15ROXZoSrqM9gvD0Ot8Q%3A1609755080790&ei=yOnyX8rnL8vG4-EPx9WxgAM&q=blockheads+lyrics&oq=Blockheads+ly&gs_lcp=CgZwc3ktYWIQARgAMgUIABDJAzICCAAyBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB46BAgAEEc6BAgAEEM6BAguEEM6BwgAEMkDEAo6BAgAEAo6BwgAEBQQhwI6BwguEBQQhwJQ43JYsYUBYNKTAWgAcAJ4AIAB4wOIAZYJkgEHMi0xLjAuMpgBAKABAaoBB2d3cy13aXrIAQjAAQE&sclient=psy-ab
Justice?! huge
https://www.theatlantic.com/ideas/archive/2021/01/trumps-georgia-call-crosses-red-line/617536/
Trump will get away with it.
the forth-coming self-pardon? Likely, if not only because the world wont want to say the word trump ever again after Biden takes the reins…
None of his supporters care.
None of his critics are surprised.
Like I keep saying, it’s only a matter of time before we get our herd immunity inducing event!
https://www.news.com.au/world/coronavirus/australia/covid-escapes-hotel-quarantine-for-fourth-time-in-a-month/news-story/8986e34067a000087a4efca9fe8891af
It’s coming to get you scardy cats!
Labor’s fault, I mean Dan’s fault again!
Hey – found a Venn diagram that might help you out next at one of your parties!
https://twitter.com/DaddyAllDay/status/1149495752499924992
Why do you people on here need to make simple things so complex? There’s someone to have relations with. I have relations with them.
Ok, so I am going to buy some BTC – start with $200 (looks like price has fallen 9% in the last day?) but only a small amount to dip my toes in the crypto (rat poison squared) waters :).
I think I get the concept of a wallet, but is there a good video that explains how they work and how to make sure you have things stored securely and backups?
I’m still a little confused on how wallets work.
Also: if you lose it, will your mum be able to find it again, or will she just say “where did you last see it?”?
Sell those Rice burners of yours and go all in Gav.
You could end up a billionaire like Mig
Part of the reason I haven’t bought earlier is because it’s in some ways admitting I’ve been wrong on crypto. I’ve been skeptical for a while, but as early as 2010 I was interested in it and a work manager warmed me off it in 2014 when I was looking to buy. My brother bought in, in 2017 and I said he was nuts.
My best mates older brother constantly promotes it. And I keep thinking it will all implode. But sometimes you have to stop letting pride get in the way and explore these things with an open mind.
Hence my small dip in the water. I’ve certainly wasted money on more frivolous things.
Middle of a bubble event is probably not the best time to buy in :).
If you have an exchange you trust, or a small enough amount you don’t care, leaving the btc in the exchange is the easiest way to deal with storing it. Of course you are implicitly trusting the exchange short term simply by depositing money to buy in the first place.
Somewhat agree, but these are crazy times. Not gonna gamble anymore than I’m willing to lose.
Why? It’s just a hash ledger
Crypto to crash if Gav is buying lol
Yep fair warning to all, especially Mig.
Lol yeh I literally just sold before I saw this comment. My trailing stop got hit on most of my trading portion so I’m out!
Assange is f#cked
Hopefully not..
F#CK YES!!!
“Judge: Therefore I rule it would be unjust to extradite Mr Assange. The US has the right to appeal.’
https://www.theage.com.au/world/europe/julian-assange-will-not-be-extradited-to-the-us-on-espionage-charges-20210104-p56ri6.html
I was gonna post that.
Oh, thank fng fk…
A little justice.. lets wait and see though.
Would you appeal Banana Man? 🍌
If this meant spending lots of time with Julian’s lawyer Jen Robinson I’d be compelled.
A small victory, problem is, even if he was miraculously set free tomorrow the dude is broken, I cannot see him ever recovering. But hell, he deserves to die in peace in a place he chooses.
No he’ll be ok. A bit paranoid perhaps but I think he’ll make it. Wonder how David Hicks is doing. and his wonderful dad.
USA -v- Julian Assange
https://www.judiciary.uk/judgments/usa-v-julian-assange/
I think Jack Ma is in more strife than Assange
Chris Martenson from Peak Prosperity deleted from Wikipedia for being a conspiracy theorist.
Edit: Hahaha, I’m a bit late. Was already deleted in February 2020 after starting to report on the Cerveza sickness.