[1143] The Truth About Markets – New Zealand – 30 June 2010

Stacy Summary:  Forgot to post this yesterday!

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21 Responses to [1143] The Truth About Markets – New Zealand – 30 June 2010

  1. Chris Gould

    Compulsively glued to their radios, Australasian Economists learned a new word to add to their vocabulary last week:- deflation. Days later a kiwi journalist has learned how to use the word in a sentence and like microbes in a dish of water the vocabulary of Google news is slowly enriched with original insights:-

    http://www.nzherald.co.nz/property/news/article.cfm?c_id=8&objectid=10656155

  2. Re the WSJ, they have an AM morning radio show. It is just short of marvelous at how quickly this outfit has gone down the sewer. You would expect to hear some grave reports, some straight stuff from finance/trading gurus? Not even close. It’s couple of giggly guys and an Ann Landers type psuedo-sophisticate that tries to keep these bad boys in line. It’s atrocious.

  3. Funny show.

  4. Sacramento Joe

    @Snoop,

    Thank you for the welcome…and you make a good point. Also, rents are much higher here than in the US….which is another sign that things are a bit different. It will be interesting.

    Cheers!

    Sacramento/Melbourne Joe

  5. NZ$1,000,000 is peanuts for prime land in a NZ national park. Near a railway station, on a state highway, for f’sakes. Google Candy’s Bend, or Otira Viaduct, or Otira Gorge, or Arthur’s Pass, or TransAlpine Rail

    http://www.nzine.co.nz/views/arthurspass_otira.html

  6. Chris Gould

    http://www.youtube.com/watch?v=c6vY0s83NLg

    Come to Kerbert-ville as a virtual tourist driving a web-bot

    http://www.inertialabs.com/Renegade.htm

    and watch Keas’ ruin cars as efficiently as Wall Street has the global economy. The virtual tourism market may take more than 60 seconds to grasp but in years to come exploring the world through mobile web-cams will be the only journey overseas most people can afford and ruining rental cars is a good way to spend the afternoon.
    Text only links were appropriate in the era of dial up however if your ISP chokes on video perhaps you are in the market for an alpine village in a banana republic too cold to grow bananas in?
    I’ve graduated from second hand car sales and real estate is a fun book to talk in Australasia in 2010.

    http://podcast.radionz.co.nz/mnr/mnr-20100615-0739-Reserve_Bank_Governor_warns_of_dark_clouds_on_the_horizon-048.mp3

  7. Sacramento Joe

    Thanks Mini……….

  8. The corrupt EPA.

    “EPA Says Dispersants Safe for Aquatic Life, But Controversy Remains”

    http://www.pbs.org/newshour/rundown/2010/06/epa.html

  9. M&S: Good luck buying that village! Let us know when you take delivery. Be generous to the current owners…be willing to go up to $35,000!

    Once you buy it, rename to….

    Stacyana

  10. Who has time to watch video? If you want your own show on Bloomberg, call Bloomberg. I’m interested in your point of view, but insisting I watch video when everyone else posts written text I can read at 10x your talking speed–why would i continue to come here?

    Again, enjoy your point of view, but only willing to read it, not listen/watch it at 10x slower speed. have a nice day

  11. @Ted K

    Have you tried using DownloadHelper for Firefox?

  12. Chris Gould

    http://www.youtube.com/watch?v=dhiBAUi79Ec

    http://www.youtube.com/watch?v=FuIxGpaBvBU&feature=player_embedded

    http://osbots.com/shop/product/renegade-srv-tlt/

    Here is an autonomous robot. Remember the Viking robots touching down on Mars? Remember the camera being panned across the landscape with speed of light lag and computer lag as the propeller heads drove their radio control robot operating servos across space in the seventies with solar powered robots.
    Imagine a cosmopolitan collection of characters from different countries playing with driving robots and filming ‘Dancing with Keas.’ Put that name in your Film returns futures speculation page.
    Check out Otira on Google Maps. It’s in kea country.

    http://www.youtube.com/watch?v=OKWCz0YhmcY&feature=related

    http://www.youtube.com/watch?v=OMLpPoOeays&feature=related

    Come see your car destroyed by keas in Kerbert-land (formerly known as Otira)
    for $20 a night for a bed at the backpackers beer and meals available in the lounge with fireplace..
    Roll up Roll up for $60 you can feed a sheep to the camp Kerbert keas every weekend, free entrée…

    http://www.youtube.com/watch?v=552x2YFjsw0&feature=related

    With the open fire shishka-kea could be an occasional treat…
    Kamp Kerbert could easily fill with cyclist tourists or Bus tourists who have come from Arthurs Pass to have their windscreen wipers destroyed by cheeky keas. In the pub theres Salami from the Blackball Salami Company which is in Blackball on Hilton Street down the road from the Hotel formerly known as the Blackball Hilton( copyright infringement notice was issued)
    Steve Keen’s documentary on the Australian housing bubble applies equally well to the trends in NZ real estate over the past 40 years Prices doubled twice here in the last 10 years. $300 000 rock solid will barely get you a house in the upper south island, 18 plus a pub plus a railway station!! is a bargain for 3 times that price. It’ll be snapped up by a Pom or an Asian as an investment opportunity and left to languish if you don’t follow through on your retirement home after successfully rescuing the Greek economy along side Micheal Hudson. The Robbin’ Hoods retreat, there’s a hotel name, perhaps Dubai?
    Imagine Inertia robots controlled by logged in customers in South Africa to Ireland to Taiwan to Hawai~i making their way around a tunnel construction camp railway station renamed kerbertland littered with wifi towers.
    An Internet hub of consciousness exploring the environment reliant on Solar energy as an excellent kw/h consumption demonstration, focal point webpage for advertising revenue . The train which runs from ChCh to Greymouth for about $150 used to stop there and backpackers would stop over if the opportunity of an evening in Kerbert land were presented.

  13. I don’t understand why Kingworld News don’t let people download (as in keep it as a file on your i-Pod) their broadcasts. Sure it’s some good stuff, especially that talk with the whistleblower on the silver manipulation, but do they really think it’s so “precious” they can’t let people take it as a file??? Snobby Brits again.

  14. @Marc Authier
    One thing I can tell you after living in China for a few years and watching how often these people wash their hands (75% of them have hepatitis and don’t even know it) and how often they drink phemaldehyde flavored beer and paint peeling “baijiu”. You could have 5 minutes left on your liver and you wouldn’t want to trade with one of these little F_ckers.

    Other lovely stories I could share but I don’t think Stacy or Max would appreciate it too much.

  15. snoop diddy

    Yep, welcome SacramentoJoe. At least we don’t have a derivative market on the mortgages is all I can say, but mortgages are about the only thing on the major banks books. Anyway, hope you like it here.

  16. Marc Authier

    Therefore about China, expect a real large surplus of organs comng on the market from the chineese prisons and concentration camps. ENJOY Mao Cola. :)

  17. @Sacramento Joe

    Welcome to ‘never never land’

    @All

    Jim Rickards i/v on KWN just posted.

    He makes a lot of sense. Has similar idea to inflation/deflation as Max – Both!

    http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/7/1_Jim_Rickards_files/Jim%20Rickards%207%3A1%3A2010.mp3

  18. keiserville has been found. send snoot down to set up the exchange. :-)

  19. Sacramento Joe

    HI Stacy-

    Thanks for posting….I just moved to Australia this past week…thanks for the info you have posted the last few days on the massive housing bubble here….it reminds me of the US all over again. The concensus here is that real estate values never decline…..yikes!

    Keep spreading the truth!

    Sacramento/Melbourne Joe

  20. Flash: New World Order & Bilderberg issue joint announcement through UN that the US dollar must be dropped as the world reserve currency so that international financiers can take over the planet.