Interesting stuff

Blowin's picture
Blowin started the topic in Friday, 21 Jun 2019 at 8:01am

Have it cunts

Ray Shirlaw's picture
Ray Shirlaw's picture
Ray Shirlaw Monday, 9 Mar 2020 at 9:18am

Love it

Blowin's picture
Blowin's picture
Blowin Monday, 9 Mar 2020 at 10:05am

Nice one , Optimist.

Best thing I’ve seen in ages.

Craig's picture
Craig's picture
Craig Monday, 9 Mar 2020 at 10:14am

Yeah, thanks optimist! Very vivid that part about walking down palm filled valleys and waking to the deer liking the pan. Loved it.

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno Monday, 9 Mar 2020 at 2:22pm

"
“two guys beat off any one approaching with brooms or sticks“

Sounds like a good way to get splinters in your Wang."

lol Andy, that got a genuine laugh, haha! Desperate times these are: the thought of that should save the village from outsiders.

(Personally I've covered my own broom handle in WBPU which is a water based polyurethane, so you no longer get splinters off it. That broom has lasted years and years. Also sort of works on wooden surfboards... & non toxic, or far less toxic with VOCs than the usual chemicals. I reckon it would be pretty smooth too if you have to beat someone off. Recommended.)

& tbb those headlines you wrote were masterful! More laughs...

Blowin's picture
Blowin's picture
Blowin Monday, 9 Mar 2020 at 2:13pm

OK....here’s one for the Scomophiles out there ....justify this clusterfuck.

https://www.smh.com.au/politics/federal/australia-reaches-breakthrough-d...

Name a single situation when this deal would be triggered whilst the US is still in a position to be willing or able to deliver . No such situation.

Scomo needs to be thrown into a volcano to guarantee next years harvest.

velocityjohnno's picture
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velocityjohnno Monday, 9 Mar 2020 at 2:21pm

Optimist that was lovely, my version was scraping a pan of beans into a little river and watching the marron come up and eat it while camping out/dodging the ranger.

You are so right, all we have to do is plug out and detach (I do love the comments sections). The wind will keep blowing, just stop and listen to it.

Hope you get some waves and leave some good tracks, it's an ephemeral pursuit this surfing and our carves and lines might last a couple of seconds at most. But so worth doing!

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno Monday, 9 Mar 2020 at 2:44pm

Hey Blowin that one might not be too bad - over weekend Opec fell to bits and Saudis decided to just pump (Russia had abandoned last week? - also China biggest consumer has been taken offline so price pressure down. They are doing the volume pump to increase cashflow at the expense of other OPEC buddies, it's a race to the bottom IMO) so while Vic is on long weekend to celebrate Onshore Winds, NSW & the market are open, XJO down nearly 5% and Oil sector nearly 20%. We live in force majeure times.

https://www.smh.com.au/business/markets/oil-prices-fall-10pc-as-opec-fai...

In this and the virus light, getting guaranteed US fuel (remember they are self sufficient in oil as of the fracking and a lot of it is light sweet, also remember they are going to QE to prop up any firms doing this even if losing coin so it will continue) - that's a fair bit of security if the ME oil gets disrupted. Methinks we have hedged well. Also, it means we're choosing our side and have chosen the West side?

velocityjohnno's picture
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velocityjohnno Monday, 9 Mar 2020 at 2:45pm

AUDUSD 0.6518 -1.93% - east coast housing just went down

Blowin's picture
Blowin's picture
Blowin Monday, 9 Mar 2020 at 2:49pm

VJ...I mean the act of physically getting it to Australia if shit goes pear shaped. Good luck securing enough fuel to keep us going if strife breaks out in the Pacific similar to WW2.

freeride76's picture
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freeride76 Monday, 9 Mar 2020 at 2:57pm

I don't mean in currency adjusted terms VJ....I mean in real price terms.

Like a place that was on the market for 800 000 now selling for 700000.

The AUD is always fluctuating.

that'll definitely fuck with the price of my Japanese made hard bodies though.

Optimist's picture
Optimist's picture
Optimist Monday, 9 Mar 2020 at 3:01pm

Ive been thinking about learning to ride a horse....Maybe get a cart or pack horse for my quiver....Aint we smart shutting down our refineries.

velocityjohnno's picture
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velocityjohnno Monday, 9 Mar 2020 at 3:05pm

No worries FR, as long as the terms are quantified. A 900,000AUD house, but a Big Mac costs $25 - you still would not need to pay out the cartons :)

Blowin, it's been done before, the line San Fran/LA - Pearl - Brisbane via Fiji/Tonga/Solomons. Or Texas via Panama - Pearl -Bris in the case of oil.

Less risky than going through the Straits of Malacca?

We are in this situation as of cumulative years of poor govco policy, both sides - remember we bought 'credits' to fuel rather than pay to build actual storage. D'oh

velocityjohnno's picture
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velocityjohnno Monday, 9 Mar 2020 at 3:10pm

XJO -386 -6.2% omg

Favourite stock market crash songs volume VII:

Blowin's picture
Blowin's picture
Blowin Monday, 9 Mar 2020 at 3:18pm

Freeride.....you ever tried making your own ?

Brush up your skills by whittling carrots ....more popular than it sounds.

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno Monday, 9 Mar 2020 at 3:26pm

omg the carrots!

Optimist, we can use E85 either with chips in petrol cars or cars with factory conversion like VEII 3.0 and VF MY14 (all motors I think)

A horse does use more varied fuel though.

That fuel announcement has given me the heebies, tbh.

Optimist's picture
Optimist's picture
Optimist Monday, 9 Mar 2020 at 3:38pm
velocityjohnno's picture
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velocityjohnno Monday, 9 Mar 2020 at 3:43pm

Yep, I think we have 300 years of CNG and diesels can run on it - is this still true?

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming Monday, 9 Mar 2020 at 3:52pm

We need as much gas as possible in the future if we want to get rid of coal as soon as possible, part of the transition is going too be switching our coal power station too gas

Obviously the future of cars is electric they are now totally viable the tech and KM's they get from full charged batteries in now easily good enough for most people, the issue is the price's need to come way down.

Optimist's picture
Optimist's picture
Optimist Monday, 9 Mar 2020 at 4:04pm

Diesels can run on a combo, but pure LNG road freight like the one I posted is the go. Everyone needs a new semi eventually so just buy LNG ones and fit the storage tanks at servos...too easy.

I focus's picture
I focus's picture
I focus Monday, 9 Mar 2020 at 4:16pm

You are onfire Blowin loved the volcano quote

Any market watches here?

freeride76's picture
freeride76's picture
freeride76 Monday, 9 Mar 2020 at 4:27pm

watches or watchers?

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming Monday, 9 Mar 2020 at 4:38pm

Few more cases of Coronavirus in Indo up to 6 now.

Luckily Blowin got out otherwise could have been 7 cases.

freeride76's picture
freeride76's picture
freeride76 Monday, 9 Mar 2020 at 4:48pm

80 cases in Aus.

according to the double every 5 days hypothesis, we should have 120 by tomorrow.

Blowin's picture
Blowin's picture
Blowin Monday, 9 Mar 2020 at 4:56pm

Love - and Coronavirus - never run on time , mate.

Give it a chance.

Three weeks ago you thought Coronavirus would be old news by now.

A week ago you thought the stock market still had legs.

I’m not saying you’ll be wrong about this , but......you’re wrong.

velocityjohnno's picture
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velocityjohnno Monday, 9 Mar 2020 at 5:03pm

There were some pretty big falls in the watch market today. Stuff like WPL falling a long way below multi year support. BHP copped a similar fall, nearly 12% last time I watched.

Blowin, I read a bit more about the agreement and it's a bit of a cop out to store offshore, and so far away - but better than the current arrangement. At 54 days supply that's actually better than some prior years when it's been mentioned at about 30 days. It would be better building storage here as well - and kick starting our refining ability. If geopol heats up, we will be a vital staging point, as last time, and something to be defended. How serious were they to keep the sea-lane open last time? Here's 3 pics to show how serious they were:

https://en.wikipedia.org/wiki/File:USS_Lexington_(CV-2)_burning_and_sinking_on_8_May_1942_(NH_51382).jpg

https://en.wikipedia.org/wiki/File:USS_Wasp_(CV-7)_burning_on_15_September_1942_(fsa.8e00768).jpg

https://en.wikipedia.org/wiki/File:Japanese_aircraft_attack_USS_Hornet_(CV-8)_during_the_Battle_of_the_Santa_Cruz_Islands_on_26_October_1942_(80-G-33947).jpg

You might have to highlight the whole link, copy and paste it to see the (dramatic) pics

whether or not we'd see the fuel in a lesser crisis, um, dunno.

Optimist's picture
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Optimist Monday, 9 Mar 2020 at 5:18pm

Blowin stars here as the chief and Tom Hanks plays Scott Morrison.

Blowin's picture
Blowin's picture
Blowin Monday, 9 Mar 2020 at 5:20pm

Freeride...I might have to pull the pin on the ten carton deal if that’s OK ?

velocityjohnno's picture
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velocityjohnno Monday, 9 Mar 2020 at 5:40pm

https://www.zerohedge.com/markets/panic-purgatory-oil-crashes-27-sp-futu...

"Panic Purgatory: Oil Crashes To $27; S&P Futures Locked Limit Down, Treasuries Soar Limit Up Amid Historic Liquidation"

https://www.investing.com/indices/indices-futures/

I see Dow futures down about 1227 presently, oil futures fallen 27% - crazy.

I focus's picture
I focus's picture
I focus Monday, 9 Mar 2020 at 5:40pm

"watches or watchers?" yeah........watchers......... blaming corona

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno Monday, 9 Mar 2020 at 5:44pm

Perhaps everyone is liquidating to buy TP

Optimist's picture
Optimist's picture
Optimist Monday, 9 Mar 2020 at 6:11pm

Low fuel prices and stay away from crowds.....ROAD TRIP!

freeride76's picture
freeride76's picture
freeride76 Monday, 9 Mar 2020 at 6:16pm

France and Germany look to ban gatherings over 1000 people.

Meanwhile 86000 at the MCG last night to watch the T20 final , full steam ahead for Corona Open and drop festival in less than 3 weeks.

aussie, aussie aussie.

Blowin's picture
Blowin's picture
Blowin Monday, 9 Mar 2020 at 7:09pm

This is the way it’s going down.

Australia is run by corrupt and captured arseholes.

They have zero regard for the Australian people. Their chosen path is to embrace the virus and let it run its course. The “ rip off the bandaid “ approach.

There is no true 100 percent guarantee to keep the virus from Australians, but the longer the postponement the greater the preparedness and the lower the mortality. That is fact. There will be a much greater chance of our health system being overwhelmed with a rapid mass infection if the populace is exposed freestyle , but the government is operating under the premise that this will have a shorter impact on the economy. And by economy they mean their donors , themselves and corporate interests

The lobbyists are pressuring the government to resume economic activity ASAP irrespective of the human cost. That is why the government’s attempt to halt the virus at the border is an illusory half hearted attempt. That is why Scomo is still encouraging people to “ go to Chinese restaurants and the footy “ whilst the global experts are saying that containment is our only chance.

It’s to convince the electorate that they are doing something, whilst they allow the virus to spread. Just like the “ notional “$2Billin bushfire fund Scomo has been trumpeting although it never actually existed , this is the” notional “viral containment strategy.

Here’s Alexander Downer letting the cat out of the bag :

“ Let’s face it, the lockdown and media hysteria strategy had better work quickly because it’s doing immeasurable harm to the global economy – that is, it’s threatening millions of jobs and the living standards of just about everyone.

…For now, the public think the lockdown strategy is the right strategy because it creates a perception that they are protected from what is potentially a deadly disease.

…And if lockdown isn’t working and coronavirus cases continue to grow, the public will start to reconsider.”

So basically, the government is pretending to indulge the public desire for protection until the virus they’ve allowed to spread is irreversibly entrenched in Australia. Then they can just reopen the borders under the contention that containment has failed....but they never genuinely tried to succeed.

Alexander Downer is obviously not referring to the thousands of older and infirm Australians who will die, or the thousands of other Australians who will suffer from debilitating bodily ruination from the virus when he is discussing the “ quality of life “ being threatened by the slow down in economic activity by imposing the measures necessary to protect our society .

Hey Alexander.....you reckon premature death might constitute a loss of “ quality of life “ you dandified fuckstik ?

PS The Government is now considered shortening the quarantine period from 14 days to 7. What does this tell you of their intentions in regards to safeguarding people ?

They are throwing the match in the game against the virus.

cayd93's picture
cayd93's picture
cayd93 Monday, 9 Mar 2020 at 7:24pm

Gday all, first post here we go. Open to criticism on my thoughts here...

Scenario 1 (Short term economic pain) - Send all of aus into 2 week lockdown and those already with corona placed into hospitals to be cared for. Hopefully most then recover and it stops the spread. All flights from overseas hit a 14 day quarantine on arrival back to aus - this resource would need to be built all around the country

Scenario 2 (long term economic issues) Continue on like we are and have the predicted 30-60% of total population infected before the year is out. From memory that equates to around 50 millions deaths even with the low mortality rate

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno Monday, 9 Mar 2020 at 7:59pm

Hi & welcome cayd93,

I reckon scenario 2 will be way more expensive than scenario 1 as it will be prolonged and hit the health system so hard the costs will dwarf any losses from #1

Perhaps there's a bias toward what's been normal and leaders can't see past it

FWIW they have been good listening to the CMO and other medical officers so far, and they have placed some form of restriction on flights from areas of concern. It's slowed the spread, now tracing all contacts and quarantining them is the race against time/infection going on.

wally's picture
wally's picture
wally Monday, 9 Mar 2020 at 8:00pm

Covid-19 is probably a bit like normal flu viruses. Only about 25% of people who had been infected experience flu symptoms.
The mortality rate seems higher though.

simba's picture
simba's picture
simba Monday, 9 Mar 2020 at 8:07pm

wonder how far this will go before chaos starts to set in......probably lucky that its not more life threatening otherwise we'd be in deep shit...real quick.

freeride76's picture
freeride76's picture
freeride76 Monday, 9 Mar 2020 at 8:17pm

scenario 2 highly unlikely.

South Korea ageing, highly densely populated country of 51million.

7400 cases, 51 deaths. Infection rates stabilising.

I focus's picture
I focus's picture
I focus Monday, 9 Mar 2020 at 8:54pm

Good summary of hows the virus works in the Jakarta Post

https://www.thejakartapost.com/life/2020/03/09/there-is-a-tipping-point-...

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming Monday, 9 Mar 2020 at 9:32pm

Scenario one wouldn't work anyway.

Because:

1. Many people wouldn't know if they had it, so would be in lock down with others and still spread it.

2. It's just not realistic to do scenario one anyway, and even it was most people will just go well i don't have it I'm going to keep doing what i must do.

2. After those two weeks, more cases will develop from new arrivals anyway, because people can be affected without showing symptoms or being sick.

It's probably going to be a thing for the next few months with media lapping it up and will just float around the world until they get a vaccine and then eventually it will become yesterday news.

All the economic factors only happen because of the fear and hype, it's just a sheep/heard mentality classic example is this TP thing, people don't even know why they are buying it.

etarip's picture
etarip's picture
etarip Monday, 9 Mar 2020 at 9:48pm

FR / Blowin.
Food for the debate. Was on south coast NSW over the weekend. Bawley Point. Place had a real close call with bushfires but got through it.
Local real estate agent had 28 properties listed for sale in the window. 16 were ‘just listed’ and 6 were ‘reduced’. Also, speaking to a mate who said his place in the area has had less than 20% of usual Airbnb takeup - even since the fires are done and dusted. Now, he’s OK coz the house was in the family, but if your calcs on your 600K beach house mortgage takes into account a 35 out of 52 weekend a year Airbnb cashflow, with 4-6 weeks over summer and Easter... you’ve gotta be hurting.
Thoughts? Obvs not just CV-related in that case, but perhaps a similar story round other places in coastal NSW?

sypkan's picture
sypkan's picture
sypkan Monday, 9 Mar 2020 at 10:35pm

that was a good rundown from the jakarta post. interesting a two bit paper like that can do a better job than the big wigs...

scenario 1 would be ideal, but no one in oz would have the balls to do it

"2. It's just not realistic to do scenario one anyway, and even it was most people will just go well i don't have it I'm going to keep doing what i must do."

unfortunately it's success would be limited due to aussies' tendency to be defiant culture (hello george magnanimous about all but my culture school of thoughters) ....good and bad in everything, ...every action has a counterreaction etc etc....

and this brings us to this comment...

"...South Korea ageing, highly densely populated country of 51million."

much more compliant and conforming culture, hence the success I would argue... good and bad etc...

amazing some are arguing containment is useless (hello fuckwito, you neoliberal stooge) surely any containment is better than none. especially considering there seems to be so much that is unknown and mysterious about this virus

italy seems to be trying very hard, ...too little too late?

...better than throwing your arms up in the air...

GuySmiley's picture
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GuySmiley Monday, 9 Mar 2020 at 10:37pm

Etarip, prices crashed twice along the great ocean road coinciding with major bush fire events. I think the south coast will be hit hard, add to the mix of the high potential for more destruction in future summers god forbid. We’ve had our eye on area but no longer, surrounded by bush on 3 sides right up to houses and the ocean on the 4th, narrowly escaped this summer because of the luck of a wind change. Grim times for permanent residents, property spivs/speculators can go fuck themselves.

sypkan's picture
sypkan's picture
sypkan Monday, 9 Mar 2020 at 11:00pm

"scenario 1 would be ideal, but no one in oz would have the balls to do it"

whilst I like to bag smoko for putting economy over lives, and generally prioritising the free trade globalist agenda over common sense (hello fuckwito again) I hate to think how the open borders idealists from the other side would have handled it if they had got in...

Pupkin's picture
Pupkin's picture
Pupkin Monday, 9 Mar 2020 at 11:49pm
sypkan's picture
sypkan's picture
sypkan Tuesday, 10 Mar 2020 at 3:46am

wow!

halt to trading on an opening market

I'm a total ignoramus on all things market, but I'm thinking these defo aren't normal times...

https://www.washingtonpost.com/business/2020/03/09/markets-economy-coron...

you called it and killed it blowin!! I'm sure facto is happy for you...

I am, even if I just lost a shitload of money

Fliplid's picture
Fliplid's picture
Fliplid Tuesday, 10 Mar 2020 at 7:59am
Blowin's picture
Blowin's picture
Blowin Tuesday, 10 Mar 2020 at 8:53am

Another day , another vacillation of opinion.

Maybe it is just a semi hoax ?

A very coordinated strategy in play if that’s the case.

AndyM's picture
AndyM's picture
AndyM Tuesday, 10 Mar 2020 at 9:11am

Vacillation?

Mate that's at least 6 months away and in any case, the effects on kids are just an unknown quantity.

stunet's picture
stunet's picture
stunet Tuesday, 10 Mar 2020 at 9:42am

More interested in the Blowin/Freeride bet than the My Sharona.

What's the terms?