Arkayos Forum Posts (377)

RE: What's on your christmas wish list?

I would LOVE to meet a nice lady, fall in love, and live happily ever after....

as long as we are talking wish lists...

Financial Armageddon

Rob, about 17 years ago I helped to establish a factory in China for a multi-national. I had 350 ladies working for me - 6 days a week (and if we didn't give them enough hours they would leave for another factory.) At that time they worked for $1.65 a day, and in one year, they would make more money than their father and their grand father did in their entire lives combined.

Those ladies lived 8 to a room - part of their employee benefits, and were happy to do it - most of them had to attend "city" education (how to use a toilet, cross a road, cook rice on an oven, etc...)

China isn't giving their goods away. You have to realize there is a huge difference between our income here, and theirs.

And there is a huge difference between their cost of living and ours. And a huge difference between what they think is an acceptable standard of living and ours. Would you be willing to live eight to a room, work 6 12 hour days a week?

Financial Armageddon

Hey Washo... i have a uni degree in economics , and I used to be into reaganomics, but I became a Keynesian... it makes more sense...

The "People" (bless our black little hearts) the 99%, drive the economy, not business. Without a consumer, there is no market. Without a market there is no business.

People have to feel safe, and happy - or they don't spend. Not to mention the fact people actually need to have credit, or disposable income, before they can spend... Kruddy had it exactly right in 2008 when he gave us all money...

Socialism works...

Financial Armageddon

interesting article. but democracy doesn't exist - at best we have only ever had a representative republic...

And your previous comment makes sense if Keynes was right. He basically said if most of the people have money - they spend it...

But if only a few people have most of the money... They hoard it. In the US 1% of the population have more than 80% of the wealth...

The revolution is coming...

but perhaps not the apocalypse...

Financial Armageddon

JW's are just one of the Fundamentalist Christians who are an armagedon cult....

They will be rubbing their hands together in glee, expecting the end of this world is just around the corner with the colapse of banks over the world...


Party time...

Financial Armageddon

Ambrose Evans-Pritchard (an effette arrogant snob - but also a gifted economist) does economic analysis for the UK's Telegraph. He is forcasting the colapse of the Eurozone, and the Euro...

This is going to hurt... Europe is China's largest market now... So yes, this will hurt us...



Paul Krugman (another Keynesian) is a noble winning economist that does economic analysis for the New York Times, who agrees with AEP.



Ya gotta love Keynesians...

Financial Armageddon

Aussies are being so riped off by the banks, it is criminal.

I had exactly the same investments in non super fund, and a super fund. The non super fund had a net retuern of 38%. The super fund had a net return of - 1.5%... same investments... But in the super fund the bank could keep all the increases, and nicked fees, nicked everything that they were legally allowed to by pollies... the real source of the problem...

Financial Armageddon

I think the "Occupy" movement and the riots in the UK were the first hints of the civil unrest you are talking about...

Lets hope it doesn't go down the Mad Max road...

We may need to build Brisbane into BarterTown - Wonder if Tina Turner could come and be "Aunty" for us... Sorry went off with my own private dancer there for a bit...

Financial Armageddon

One of the economists in the US (Karl Denninger) has been advising people to stock up on guns, ammo, and canned food for months...

Financial Armageddon

That would be one way to look at it...

The other way would be the last one out gets stuck with the bill...

RE: An expectation to 'OBEY'

Actually there are quite a few christian fundamentalist churches which still teach women are "the weaker vessel" (1 peter 3:7) and that wives should "submit" to their husbands (Ephesians 5:22)

(just one of many reasons I'm not a big believer...)

Financial Armageddon

News out of Europe was not good, as was expected... Eurozone manufacturing index is 46.4 (anything under 50 is a bad thing - means manufacturing is slowing down)

News out of China was also not good. Manufacturing index is 49. Also Housing prices in 100 of china's biggest cities fell last month. After many years of relentless rises.

I'm surprised the eurozone markets, and the US markets didn't tank more than they did. But even more surprised to see the aussie markets are climbing on the news...

RE: Types of women

And apparently 10 types of men too...

Would you mind explaining to Lookin?

Financial Armageddon

That is what I have been doing since the tech bubble burst, and coincidentally Bush Jr got elected... I figured it was bound to be down hill from there...

So might as well enjoy ourselves...

Financial Armageddon

China our the biggest customer... And they just anounced (this afternoon) that their manufacturing has slowed down, and they won't meet previous focasts.

There is an anouncement at 9:30am GMT about european manufacturing...

Then there is a meeting at 10:30am GMT by the bank of England about the finacial crissis...

I expect tomorrow will be an interesting day, one way or another...

Oh... I love this quote: “No more lipstick on the pig. Previous management had been deluding itself first and the market second." -Analyst Stephen Rawlinson at Whitman Howard lays in to Mouchel after its profit warning

Financial Armageddon

I agree Rob, Regan was a proponent of trickle down ecconomics. (A very simple summary would be: make the rich people richer, and they will create more oportunities, and will spend money so everyone prospers... In reality the rich people become richer, and develop an obsession with keeping the money, rather than using it to create more oportunities, or spending it...)

Now Clinton (bless his slick little Democrat heart) was an keynesian. He believed that if you give everyone more money (not just rich people) they spend it... and everyone prospers.

At the end of his last term He had a budget surplus, and the US had experienced the best 6 years of growth in US history (other than the post wars years.)

Bush Jr. reverted back to the Regan doctrine... and Voila... le GFC... The housing bubble... and now a French Bank had six of the worlds federal bank bail them out so they wouldn't be anothe Lehmanns...

RE: WOOHOO, IT'S RAINING IN QLD.

How far above sea level are you NL?

The IPCC model shows sea levels rising over one meter by 2030...

but as long as you are more than one meter above sea level, and there aren't any storm surges... The party continues for another 28 years...

Financial Armageddon

To some extent I agree, we are pretty safe. But world events do impact us...

Have you been tracking what has happened to your super?

Two weeks ago I switched all my super into cash, or cash equivalents. Even with todays bump, that probably saved me a loss of about 10%. There was bad news about China today, which will impact our markets tomorrow... It is all connected...

Financial Armageddon

Party On Rob...

Financial Armageddon

Well it looks like it took the combined efforts of The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the US Federal Reserve, and the Swiss National Bank to stave of what has been described as Financial Armageddon. No one is too sure how long they can keep it up.

So what are you doing, if anything, in case of a global melt-down? Paying off credit cards? Saving a little extra for the nest egg? Switching your super investments to cash or gold?

Or just hoping for the best, and partying on?

RE: WOOHOO, IT'S RAINING IN QLD.

The forcast is for a wet warm summer here in Qld. It seems to be starting that way.

And the WMO has just released their data for 2011. 2011 was the fourth hottest year ever recorded world wide. All of the the last 13 years have been in the hottest 15 years ever recorded(Everybody chant "global warming doesn't exsist" - maybe it will go away...)

Since I don't have any kids, I guess it it some one else's problem...

RE: favourite motto,s whats yours

One of my favourites too Washo. My art degree is in Keyensian economics - perhaps why I'm a conservative socialist... I perfer the grass roots driven economy, rather than the trickle down model.

RE: Types of women

There are 10 types of women:
Those that understand Binary
and those that don't

RE: Dating video's??? Where????

Hey You old chick magnet Looking...


If I put a voice thing up, would anyone understand it? I speak Canadian - I actually do have a problem making myself understood to Aussie's....

RE: Chasing

dirty dirty girl...


everyone needs a hobby...

RE: favourite motto,s whats yours

He wrote that in 1948...

RE: favourite motto,s whats yours

RE: Schoolies

Well, I like having a home... it's been a while since I've had one of those... And I still travel a bit - I've been overseas three times this year, with my annual leave trip over christmas in Thailand.

It is nice to have "roots"... meant in the canadian language as being "planted" - not the aussie meaning which might be rude on a dating site...

RE: Schoolies

I could never stand winter in Canada - even as a kid I wanted to live somewhere warm... But going to sea was another thing entirely...

For years, my annual vacation was spent on an overseas holiday at various maritime schools. I ended up a yachtmaster, and master mariner... so I "retired" and went to sea... It is good to have a hobby...

RE: Schoolies

I don't suppose you remember the civil war that was fought in Quebec in 1972 then? The Leaders of the opposition (the "FLQ" - what now would be called a terrorist organization) became the government of Quebec. They couldn't stand anyone speaking english.... (even bilingual street signs were all replaced with french only ones.)

I spent a lot of time working and going to uni in Toronto. I finished a science degree in electrical engineering, then finished an arts degree in economics.... then I went to sea...