Apologies to both readers - I've been in Sydney and have not long got back. Didja miss me?
A few very noticeable things popped up:
1. Some of my friends have been forced to look for new jobs in financial services, and have gone from 200k+ jobs to hunting around the 90k range.
2. Forex traders I know have a precarious grip on their jobs - some laid off, and the rest have had their limits cut. This means that many currencies are trading within sideways bands at present, in my opinion.
3. I don't know where they come from, but there were a hell of a lot of bored girls shopping at Bondi Junction Westfield by comparison to the economic climate. Maybe some just have the money to waft on through. Recession in Aus is coming, and then some due to commodity prices.
Next post on my favourite two indicies that are rare in that they don't lie.........
Friday, February 13, 2009
Monday, February 2, 2009
Subtitles not necessary
On Friday night I watched the Liam Neeson film 'Taken' on my Apple TV. That's not an attempt to show off, but those who have ATV will know that when you play movies with many languages on it (in this case English, French and Albanian), subtitles that normally pop up in the non English speaking parts don't.
I just knew they were all bad guys and would eventually be shot / stabbed / dunked in acid / flayed alive / disembowelled / electrocuted / dropped from 17 story building /or just given a rather stern talking to.
The point is, it didn't matter that I didn't know exactly what they were saying - regardless of what was said, I knew they would be bad people, and it would end badly for them.
It's not difficult (que spurious link to financial markets) to take the same approach to the markets. There is so much being said out there in TV land that is just plain wrong. Take Australia, a country I have lived in and experienced for quite a few years. Media commentators have continued to deny there will be a recession. This in spite of the fact that world sharemarkets are off around 40 - 50%, and commodity prices, of which Australia is so reliant on, have basically halved. At least.
The point is we don't need commentators, media types (like, er, bloggers) and general pundits spouting fiction. We can all feel it inside. We (should) all know dark times are on the way - and have not really hit us yet.
Subtitles just aren't necessary.
Here's a funny video:
Jon Stewart - The Daily Show
I just knew they were all bad guys and would eventually be shot / stabbed / dunked in acid / flayed alive / disembowelled / electrocuted / dropped from 17 story building /or just given a rather stern talking to.
The point is, it didn't matter that I didn't know exactly what they were saying - regardless of what was said, I knew they would be bad people, and it would end badly for them.
It's not difficult (que spurious link to financial markets) to take the same approach to the markets. There is so much being said out there in TV land that is just plain wrong. Take Australia, a country I have lived in and experienced for quite a few years. Media commentators have continued to deny there will be a recession. This in spite of the fact that world sharemarkets are off around 40 - 50%, and commodity prices, of which Australia is so reliant on, have basically halved. At least.
The point is we don't need commentators, media types (like, er, bloggers) and general pundits spouting fiction. We can all feel it inside. We (should) all know dark times are on the way - and have not really hit us yet.
Subtitles just aren't necessary.
Here's a funny video:
Jon Stewart - The Daily Show
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