Mr Medved

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Everything posted by Mr Medved

  1. The thing that worries me about battery units is half-life/usable life. It's a big expense that will lose their efficiency/effectiveness over time. That and the environmental impacts.
  2. I completely ignore Australian politics but saw this in my linkedin feed: I take it is either a bit of kabuki or desperation to thwart off a recession later this year.
  3. Are you talking about the Mexico wall? He's said that's to keep people in (not out), though I can't remember if he explicitly said it was a bad thing, but I took he implied it was bad.
  4. I don't care about housing affordability anymore, they can keep pumping heroin into the debt machine for all I care. I'd prefer a strong AUD policy... pump it back up to parity. The free market will eventually sort things out - just it may be a more painful experience for many.
  5. Interesting to see 85,000+ views in less than a week.
  6. Has there ever been an 'orderly' decrease in house prices? I take it 'orderly' means some sort of economic zombification like Japan's lost decade(s), not a sharp collapse like in the USA about a decade ago.
  7. Steve Keen: “Can We Avoid Another Financial Crisis?” The short answer is 'no'
  8. Couldn't be fecked starting a new thread but thought this may be of interest: With 2 kids I think you need to target around 80-90sqm for a comfortable size, add another 20sqm for 3 kids. The annoying thing with newer Russian apartments is that they are not well designed (i.e. 3 room 200sqm and not many windows). To get something the size I want I probably need to get two adjoining apartments in an older building and knock out a wall or floor. Anything over 150sqm is likely to be more than most people's needs.
  9. Yeah that figure sounded a bit weird. 60-88sqm is a reasonable size (but smaller than what I'd want to live in if I was buying a place).
  10. London Housing Market Suffers Worst Collapse Since Financial Crisis
  11. That's one of the reasons I never bought into the frenzy in Oz. I'd essentially be taking out a margin loan on an asset I'm not overly confident with. Councils from what I have seen are ruthless when it comes to rates, zoning, etc. so you have that to deal with too. Using Postage Stamps for Money IIRC postage stamps used to be gold-backed, I understand the UPU-issued stamps are still gold-backed. I'm surprised Armstrong wasn't aware of that (or at least mentioned it).
  12. The title of the previous post reminded me of this track:
  13. Mrs Medved would like to live in Shanghai. I am a "no" to that idea. Neither of us like the prospect of living in Moscow. We toyed with the idea a decade ago but it's kind of like a Russian version of New York during the 80s.
  14. It's going to be epic when the Chinese economy starts going backwards. The ripple effect across the globe will be significant.
  15. I wonder how much of international buyers are just looking for capital flight, not capital appreciation... I recall the comparison between the UK-USA in the 1930s and USA-China now. The depression hit the USA harder as it was the developing economy not the established one, so any major downturn may hurt China more than the West.
  16. You got the title wrong. It should be "remain". Lift your game cobran!
  17. It's the third wave of colonisation in Australia (after British and American). Not sure people get that yet. It's more than just Chinese buying up Australian property.
  18. Not sure which thread to put this so will mention it here, Someone I know visited a prison yesterday as part of work duties. Apparently there are 3-4 four new prisons being built in Victoria (there are 11 at the moment). When asked about it, a guy working at the prison said that whenever there is an increase in the cost of living there is an increase in crime. So judging by what the government is doing they are predicting a lot more crime in the next few years.
  19. He quoted an article that is over a year old (re Australian real estate). From what I see nothing has changed from the boom times.
  20. Blocked again at work today, flagged as malware again.
  21. My father was notified of redundancy today. You guessed it - replaced by outsourced Indian IT company! Not sure how many people are impacted in his company but sounds like their IT division is closing down. Doesn't sound like he'll be back doing consulting/contracting for them as that particular vendor is highly protective of their turf. Given he is in his 60s he would have preferred to work another year or two, as it's hard to find work at that age and he's used to working from home... he has done so for at least 20 years I think. So early retirement it is for him. Apparently he pays bugger all tax on the redundancy payment so it's not all bad news.
  22. I started watching Hypernormalisation on the weekend (I highly recommend the director, he's made quite a few nice docos - he normally makes them for the BBC so I don't know how objective they are): It was interesting to see how New York was almost a third world city in the 1970s and the city couldn't sell their bonds. Curtis claims that the banks took over by stealth. Reading Armstrong I think we're going to hit a similar scenario but wonder what the health of banks will be like.
  23. I don't think so. If they can obtain info on water and/or energy as cobran mentioned then it wouldn't be too difficult. It may require some upfront capital but then it would be almost as easy as collecting rates.
  24. Not blocked at work today! I can enjoy reading over lunch for a change. Not sure if RumpledElf has done anything (I assume not).
  25. I wonder what Armstrong would make of the line chart below. I wonder if the trend is going to reverse. As a footnote, a guest speaker I listened to a couple of weeks ago said that freedoms are reducing (in Australia and around the world) and that the trend is going to continue.