Jerry_Atrick

Yeah.. Will Day, the mercurial centreman has succumbed to a complex collarbone dislocation what will keep him out for the first half of the season. With James Worpel moving to Geelong, it will be up to Jai Newcombe ("the boy from Poowong") as a centreman and half back Josh Weddle, fast becoming a superstar, to plug that gap. With James Sicily not yet training properly from memory due to a hip injury, the centre and half back line will look a little wobbly. Will Day has spent more time injured than playing, it seems like. I wonder if his bidy is up to the physicality of AFL.

Magic! (Sorry, OT!)

Thanks, @willedoo - sadly, though, not well typed, even by my paltry standards.

Th AFL season kicks off in about a month. The first year I admitted to my "compulsion" on these forums, I turned £50 to about £350 before losing it all. My shirt stayed on my back, though. Last year, I turned £50 into £250-ish by the end of the season, and took the family out for a nice meal at a local fancy shamncy restaurant. I just logged into my betting account and there is still £8.50 in there. When first bounce of the season nears (although I think they will no longer bounce the ball - which is a real shame as it does add to the excitement compared to a simple throw up of the ball), I will depost another £50 and again wait a few rounds before attempting to build the funds for yet another fancy shmancy meal for the family at the end of the season. I don't hold high hopes for my beloved Hawks this year. They had a poor performance in the trade period last year - reducing the quality of their midfield in pursuit of a star, but aging midfielder, in Zach Merret , only to have that deal fall through. But, I do have high hope I look at the odds objectively and will hopefully be able to take the family out for this meal. Otherwise, they will have to suffer my cooking that night.

Yeah, I get that. How far to tne nearest bigger town, and what is that town like? Or better to ask, how far to the nearest decent larger town? There are a lot of people who crave being well away from any major conurbation but if a decent town is within an hour's drive (say 100ks depending on the area), they they are really happy. The trick I think is to present the property to highlight the drawcards of being in a natural setting but is comfortable, and secluded (rather than isolated); If it is within - or even just beyone an hour of a decent town and facilities, especially if the drive is realitvely easy, then higjight easy access to the town with its facilities, yet far enough to be out of the rat race. You're not selling a property - you're selling a lifestyle.. If it's much more than an hour out of town, market it as a retreat - again it's the lifestyle that is the drawcard usually.. But, I am not a real estate agent... but when I am looking at rural locations, I am looking for lifestyle.

@randomx - I may have missed it, but what is it about your current place, apart from being a cabin and I am guessing a few k's out of the major town, that you really don't like about it?

First, I have no issue with Nev's style - yes, Internet etiquette says CAPS is SCREAMING, and I guess that is written etiquette, too. But in the absence of in person or at least voice to coice comms, where infelctions can be made, and in the absence of mid-caps to allow for emphasis (sometimes an exclamation mark won't do), I have come to accept that is Nev's way and I am comfortable with it. We all have our ways whe it comes to written word, so don't go changing at least on my account. @Marty_d's post has put far more eqloquently and completely the point I have been trying to get across.. This lurch to the right is a global thing, because globally, the symptoms and root causes have coincided. Add rabid religions to the mix of billionaires, and a synchophatic press mostly devoid of objectivity, and it is a recipe for disaster. The reality is these issues, which could have been solved by governments of different colours, but they continue. It is easy to throw stones at the pollies, but my guess is there are forces we never see behind the scenes that make it extremely difficult to survive politically, professionally, and dare I say personally (in terms of character assaniation and assasination) if the pollies upset the apple cart too much. The latter bit may seem a bit of a conspiracy theory, but I have seen first hand the extreme rage, anger and threats when someone very wealthy has stood to lose quite a bit of money. It is ugly, and while they have the money to fight, by god they do. To be clear, I haven't seen them take action against the person beyond the threats they have made.. but this person was in such a state, it wouldn't have been a great leap to do so. Also, once in government, the party of power wants to stay there, so there is a conflict of interest already building up with those who have the money (which equals power) to make life more difficult for them. Imagine a CEO sayin we will pull the business from your jurisdiction and move it somewhere else. Imagine all those jobs lost. People will still buy our stuff - you know that - so you better bend to our will or it is you who will carry the can. The issues that Marty raise, sadly transcend colours of both parties. The rabble rousers of whichever colour you want start to get attractive. The sad reality is that most people, even more and more into what was the middle classes are so busy keeping their and their families' heads above the water, they are too exhausted to look into the complex world of politics, have more and more been forgotten by those they vote for, and grab onto anything else that pretends to offer them a lifeline. The the press describe these people are those on the margins, no hopers, blaming the world for their problems. Well, just maybe, that is stereotyping them like stereotyping Muslims as all terrorsts... When you look into it, a lot of these people work hard, but due to the widening economic gap, struggle, and are left out.. maybe society is forgetting them, too? And now, they gravitate to parties that offer them something to blame, and a hollow salvation. The other parties have long ago fogotten them; here are parties that at least recognise them if nothing more. That is why I highlight things like Brereton. It is one thing to say well go live somewhere else, or we still have it good hear, but that does not justify the constant erosion of trust, integrity, and quality. Would we rather stop the rot before we sink to an autocratic dictatorship as the US has done, by which it is probably too late before blood is shed? Oh, wait, it has been shed already in Minneapolis, and no doubt by the Venezualans (but they were all bad, of course), and by the undocumented migrants cast to jurisdictoons with a clear disdain for human rights? At some stage a government is going to have to bite the bullet properly, or else we are headed in the same direction.

Yeah, but he'd not be allowed to compete while suffering football in mouth disease

That should be Labor shoudl learn from it.

Labor has had a small drop in the polls. Yes., these are not elections. I am guessing they are more likely to gravitate to the Greens than PHON. But, you don't want it to get to the point where Labor voters start gravitating to PHON as they are sick of being forgotten. It happened here.. Labour shoud learn from it.

Yes.. even the ABC is reporting on it.. https://www.abc.net.au/news/2026-02-12/three-arrested-taskforce-hawk-cfmeu-corruption-investigation/106334256 The reality is power corrupts... No one is immune to it. But the CFMEU looks to be a doozy - potentially under the noses of governments of both flavours.

My copy arrived today.. Looks like @pmccarthy is (probably once again) contributing positively to Australia's balance of Trade 😉

There are striking similarities between UK and AUS politics. Normally, I would say to predict what is going to happen politically in the UK, just look at Australia's recent past. The libs impending implosion and the lurch to the right are the two exceptions, where the UK leads, but Australia is following. The conservatives have been out of ideas and losing relevance for a long time. Brexit was a way they could lay the blame of the malaise they imposed on the country and solve it in one foul swoop. Of course, when that didn't work and the chickens came home to roost, it showed how hollow they were - out of touch with the electorate; out of touch with business; out of touch woth foreign policy.. the party kept on proffering candidates who seemed to be stuck in the old colonial days. Brexit initially delivered the conservatives a large swing from Labour. But they have no oether swung back, or swung to Reform - Nigel Farage. Brexit was a protest vote - people who were on the margins, which seemingly more and more of what should be the middle classes find themselves. Conservatives followed suit - their party in disarray, not representing the rank and file. First, they tried emulating reform. Once it became clear that conservative voters had shifted, so too have some of the lesser qualified conservative MPs. Reform took third place in the popular vote in the last elections; I would say they are even money, if not staring down taking first place of the popular vote at the next. They are unlikely to grab the premiership due to the concentration of their votes, but taking the popular vote is a big boost. Yet, their policies will hurt the ones that vote for them most. Australia is heading that way. The Libs are more and more irrelevant. They have a habit of nominating candidates that are less and less competent. Lib voters are moving to PHON. As the Libs implde, some will see the personal value of defecting to PHON. Labor lost some ground in the primary vote in the last polls. That is probably more attributed to Bondi and general incumbent blues than a shift to PHON at this stage. There has been no Brexit moment to pull Labor voters away. But, there are things creeping in that may move Labor voters at a higher rate. There is stuff like the NACC, where Labor have proved not much better than the Libs at the end of the day. That is minor in the scheme of things, but these sorts of things that can be the straw that breaks the camel's back, Despite Australia looking after its poorer and lower mddle classes better that the UK, we are seeing a wider gap between the haves and the have nots; we are seeing constantly increasing costs of lving, and hot topics like property rental and purhcase prices spiralling continues unabated. The result, more and more people will feel forgotten, get pi55ed off and cast their prtest vote. The difference between the UK and Australia is that voting in Australia is compulsory (or at least getting your name marked off the electoral roll is, anyway). This will mean those thast are p155ed off are more likely to cast a protest vote than in the UK, because many who would say normally vote conservative wouldn't turn up for the election - which happened in the last UK general election. Of course, Australia has a preferential system rather than first past the post, so that works in favour of keeing PHONies out., But don't bet on it. Libs and Labor have lessons to learn if they don't want a rabid right wing mob with significant power.

Sorry - you're right Though technically, it is still a foreign investment

? So, the ABC news article is BS and Albo (with Doofus) didn't set up the NACC? If you're trying to say this is an "I told you so moment", yeah it could be construed as such. If you think I feel good about it, you're quite mistaken. If you're willing to ignore the little fella having enough of grift, then don't be surprised they do a protest vote..

Are you talking about the foreign investment review board? More a rubber stamp. Who would have allowed the Darwin port to be sold to foreign interests at all, let alone China?

So, how is it pretty much all crap?

Indeed.. And we are getting the fruits of that cave in now: https://www.abc.net.au/news/2026-02-09/independent-inquiry-launched-into-nacc-chief-defence-ties/106320954 Second time he is being investigated and still there... And people wonder whty the protest parties such as One Nation and Reform in the UK are breaking ground.. And why Chump gets elected a second time after a disastrous first round.

Normally, it does. It is when, why, and the way it is used that makes the difference. In the case of the GFC, the banks were largely on their knees. They had burned through their capital ratios and hand nothing left in the banl (a capital ration is the ratio of cash and cash like securities held compared with loan and other exposures on the books - more or less). There was a cred crunch at the time, which meant the money wasn't flowing between the banks. Banks need money to survive and the money markets help the banks manage their cash flows amongst other things. So, banks were burning though their cash at an alarming rate and a few did fold. So, QE was used to purchase government debt (and some high grade commercial debt) from the banks. The money to the government had already been lent, and the money provided to the banks helped them stabilise their balance sheets not increased their lending capacity. I think the RBA went one further and slowily cancelled the federal government debt that it purchased, but don't quote me on that. Because the banks needed the cash to stabolise the system, while money was added to the money supply through quantiative easing, nothing was really done with it that created a credit multiplying effect. However, it only lasts a certain time before it does create a credit multiplier effect (a lot longer in this case than many economists projected). Part of this is because the divisions of the banks that were the beneficiaries of QE by selling their government debt in the open market were parts of the banks that don't really lend to individuals nor small/medium business enterprises. It is usually very large corporate grade stuff and mostly government lending. This meant the government had a ready supply of cash available, partly to cover the cost of the bank bailouts (I know Australia didn't have them), but also to lond to those where eother the spend budget is already known (government) or where they will invest rather than consume. But, as you could see, time eventually runs out oin that space as well, and the dollar devalued (which is what happens with inflation).

QE is a monetary policy lever that is uysed by central banks. It is where the central bank authorises printing of money to purchase the government debt already issued and usually held by private institutions. It is used to, in a more controlled manner than printing money and sending it straight into the hands of people to spend, increase the money supply in a drip feed way and stabilising the financials system.. It works well when done in moderation, but the deployment post GFC was, in the end, maintained for too long; well after the financial systems stabilised and credit markets flowed nicely again. The problem was they bought the bait that the financial markets become dependent on QE and the new money should still flow. Once stabilisied, you can withdraw QE in a gradual basis and allow the system not to rely on new money after a while. But what happened is that, after a while, when it was no longer needed to stabilise the money markets and other elements of the financial system, it became just another stimulus package and it contributed to inflation. Hindsight is wonderful.

I do try..

Keep counting.. At least 6 times.

That's OK.. In short, the policies he is implementing could work for a while, but they way he is implementing them is likely to come back and bite the US a loq quicker...

Back to topic... Money, represented by currency, is defined as a store of value which can be readily exchanged - more or less. In the official currency makets, differernt currencies are generally those that are the official sovereign currencies, plus in their own right, gold (XAU), silver (XAG), platinum (XPT), and now bitcoin (BTC). The gold standard (or any other standard) was a way to manage supply of the currency. For all practical purposes, you couldn't and wouldn't on a daily basis walk to the RBA, BoE, or Fed and say can you please provide me with $100 (£100) of bullion and they would cough it up or allocate your name to the sliver you would be entitled to. Whilst the economic doomsdayers predict the Fiat currencies will be the harbinger of economic malaise. This is not true. First, whether or not a currency is backed by anything, for it to be recorded in a ledger somewhere, there has to be one of two things - the actual stock (physical, or in the case of Bitcoin, electronic) stock, or a promissory note (i.e. debt for it). A gold backed dollar doesn't suddenly increase the gold backing it because it has been lent out. If a dollar is lent out once, there will be an entry for that $ of the liabilities side of one person's balance sheet and the asset side of the others.. but that dollar will now have been used twice. If it is gold backed, they don't add another 1/3000th of an ounce to now back both of those economic instances of the one dollar. But the dollar must exist once, and it must be held as debt once. There are two values of a currency - the value compared to other currencies, and its pure domestic value. Of course, these days where international trade is by far most prevalent, the first value weighs heavily on the second value. But if you think about it, except for setting prices of goods imported or imported factors of production(e.g. machines, software, etc) that contribute to the cost of locally made stuff, most Australians only worry about the value of what the Aussie dollar buys them.. they don't think about it in terms of, weill, this covnerted to USD or GBP or XAU is how to value what they are buying. Currency markets are now so well established, and the currencies traded are measurable, supply is controlled, and can be usually readily exchanged. A few years ago, when we were doing conduct risk for high frequency, low latency FX trading, the markets were functioning so well, that trying to profit from say the difference between the value of GBPUSD, to USDAUD, by targeting the GBPAUD pair (so trying to profit from any difference in comparative rates) was nigh on impossible. The rates triangulated almost perfectly all the time and the window in which they weren't was so tiny, unless you were willing to bet the house on it, it would cost you more in electricity than you would make. The FX market is the largest volume traded daily in the world - it is about $2 trillion a day more than derivatives, and probably half of the derivatives markets are in FX underlying products. So, the true market in FX is a lot bigger than say interest rate derivatives. An exchange rate is both the measure of the demand v supply of that currency pair, referenced to the $USD. That demand is based on the curent economic situation and outlook using well established statiscal measures weighted by things such as transparency, perceived accuracy, and level of compliance with the rule of law. Ultimately, this includes the capital structure of the soveriegn part of the economuy and the ability of the economy to service its debts and grow wealth/GDP. Some currencies are valued so lowly as to effectively be excluded from the markets. The monetary value that is ascribed to something is entirely arbitrary - well, maybe except for the staples. That V12 e Type convertible Jag would be worth something like £15,000 to me, bit to others, it is worth more than 10 times that. But, I would happily pay $150K for an XC Ford Cobra as it had that much more value to me (nostalgia is the worlds most expensive commodity). I see an unrestored one went on australianmusclecars.com.au for $339K.. slightly north of my £150K at current rates@ https://australianmusclecarsales.com.au/cars/1978-ford-falcon-xc-cobra-build-no-322-unrestored-16-462km-6770 I know most of you would scoff at the thought of an XC Cobra being worth more than an e Type V12 convertible, but there happens to be one of the latter for sale now: https://www.pistonheads.com/buy/listing/15183690?store=616141&utm_medium=VLA_paid_search&utm_campaign=&utm_content=&gad_source=1&gad_campaignid=20960347110&gclid=Cj0KCQiAhaHMBhD2ARIsAPAU_D6tWhHvfKziGA5MzKIYDUE1cL5AYW0wKxQA7ef57RZjIo23M6vkS1gaAomDEALw_wcB (slightly cheaper than I thought it would be). I digressed.. sorry... Getting back to currencies, these days, as a store or representation of value, a currency is backed by its government, with 4 exceptions.. The currency value compared to others is based on the nations' econcomic performance and outlook and its ability to pay its debt (og, and relative interest rates, as long as it can pay its debt). Gold backing is no longer required and is a currency in its own right. However, ultimately, as with anything inclduing gold, the value ascribed is entirely arbitrary.

I can't read the article, so my response is in generic terms. In terms forward looking at the economy, to be honest, I am probably one of the last you would want an asnwer from. I am not going to get into virtue politics and try and keep this to economics. Chump is using two main levers - tariffs and stimulus, the latter being code word for increasing debt and government spending to stimulate the economy. It is sort of applying the foot brake and the throttle of a motorcycle simultaneously to get a balanced and steady result. He has fiscal policy levers; he is attempting to gain access to monetary policy levers, but let's leave that out of it for now. Economically, he seems to be using the latter to ease the pain of the former. With his political agenda of making America great again, and trying to reclaim the lost economic activity of domestic manufacturing or production, these levers can be weilded as an effective tool in achieving those aims, but only for so long. And there are existing structural issues with the US (and most major western) economies, that length of time before it comes back to bite is shortened. At the heart of it is the theory of price equilibrium (a google sesarch will give a concise but good AI explanation) It explains how prices are correlated to supply and demand. Assume the market for, I dunno, T shirts is in equilibrium - that is the price is set such that the amount of T shirts willing to be consumed by consumers is the same at which suppliers are willing to sell them. You have price equilibrium of supply and demand. If suppliers decide to increase the supply (say to become a dominant player in the market) and the demand does not change, in order to sell the higher volume of T shirts, the sellers will have to start discounting T shirts to a price where consumers are willing to buy the increased volume of T shirts. And of course, vice versa; if demand goes up and supply stays the same, consumers are willing to pay more per T Shirt for that same supply. There are other factors, such as price elastcity, lag, etc.. but let's keep it simple. According to this theory, though, one of two things will happen. If it is a permanent move one way, the price equilibrium will shift. This will usually happen where there is a constraint to one side of the equation. For example, if supply increases, but demand cannot (I dunno - the nuber od train rides one can take in a day??), and suppliers are willing to the increased supply at that price, then the price will stay there. More often what happens is there is a constraint on supply and the price forever changes for the worse (assuming no substitute goods or services are available). The other impact is that where the demand and supply if perfectly correlated (fully elastic), the increase or decrease in price will eventually lead to the supplier or consumer increasing or decreasing supply/demand accordingly which impacts the other's willingness to supply or consume at that price, and prices will eventually revert to their original equilibrium where both sides are willing to supply or consume the same volumes at that price. This is really important, because although we talk about the price of goods and services in this context, money or currency also has a price. And that price is not the exchange rate; it is the inflation rate. Inflation = a lessenign ov the value of money - it is not worth as much as it was. Deflation = increasing value of money - it is more valuable that the goods or services it is being exchanged for than it was, say yesterday. However, inflation is far more prevalent than deflation - so money is forever devaluing, right? Well, yes, and there are two reasons for it. The first is government interventions - monetary policy usually. Governments don't like inflation, because it usually results in a recession or worse. Although in theory, as prices drop, people will buy more of whatever it is, there comes a point where it is not economic for the suppliers to sell at that price. But, a quirk to the price equilibrium theory, when there is deflation, people will put off buying stuff because they know they can get it cheaper in the future. That collapse in demand leads to recessions and depressions. The second reason is simple - there is usually an increasing money supply in an economy. And where you have more of something that you want to exchange for something else that has value to you, you will offer more of that something you have. That is you will increase your supply of money in relation for the other thing you want that has had no increase in supply. The good example is the housing market. Remember when you or your parents could buy an average house in an average suburb for about 3.5 times annual salaries. Today it is something like 7 or more times salary. Why? This may sound mysoginistic, but women entring the workforce enmasse. What that did is put more moeny into to system and into purchasers hands. Supply of housing is relatively stable, especially in established areas, so what happens - you as a family with two working parents instead of one give more money to the seller as you are in competition with other buyers (demand). The net effect in real terms is both parents are now working but still no better off. So, if Chump increases tariffs, the price of the goods/services imported into America are higher and in theory, the consumer will want to buy less of them. But why do that? Because, the price at which they can be sold fom domestic manufacturers economically is higher and to try and even out demand between importers and domestic manufacturers is price (assuming quality/specification is on par). In other words, you are artifically cheapning money against imported goods. As I mentioned, assuming the quality, specification, amenity etc is simiar, responsible citizens would look to buy locally made, but at least through simple distributions, there would be a higher percentage of the domestically made product sold. Of course, there is a lag here, because where there was no manufacturing, it takes time to get it up and running. And that's where the stimulus comes in. It can be freebies to the people - as was the inflation reduction act. And some of Chump's is.. But it can also be setting the barriers to entry into the sector lower to get investment moving quicker and manufacturing churning stuff out quicker, too. That hass a knock on effect of creating employment and when there is a ready supply of labour, that will be a very good thing, because it won't increase costs (salaries) too much. Once construction is over, depending on the automation levels, there will be some permanent, sustained increase in employment over time. But now you have a lot of money now artifically entering the economy. More people are employed, which is a good thing and they can buy more stuff. Demand increases, but because there is more money in the system. Inflation is initially kept in check because there is usually some capacity in an economy to absorb short term changes in demand and supply without material impact on prices. Suppliers can supply more to meet the demand (or maybe there was already an oversupply). Everything is nice. However, once that capacity is used up, things start to change. Suppliers are now in a position where there is excess demand over normal supply volumes - the previous equilibrium price. What happens? People with more money still want the stuff and if suppliers can';t or don't want to increase the supply, they charge more. Consumers enter into comeptition with each other and pay the higher prices. You have inflation - or devaluing money.. because the money supply was increased. The money supply increase can be "natural"; i.e. a product of normal economic activity or it can be through government injection of new money - stimulus. This is usually done through a) printing money (bad - look at Germany in the 30s) or debt (less bad, and used properly as well as contained, can be very good). Either way, if done to excess, it is not sustainable, because, after all, the piper has to be paid (pied piper, not the aircraft company). Just look at quantitative easing, which was increasing the money supply.. it was really good to start with as it stabilised everything by gradually increasing the money supply. But they left the taps on for too long and inflation went ballistic. If they had of started turning off the taps earlier and took longer to do it, there would have been little impact on inflation. Hindsight is a wonderful thing. What Chump is doing is short term lever pulling.. He is creating that cosy bubble to protect everyone now. He will be in lag territory as the economy has capacity to absorb it and things will be humming along nicely. It's nice and artificial, but reality will kick in. With his attempt to get the levers of monetary policy, which can artifically increase inflation through interest to keep the lid from blowing off, influencing lower interest rates in the face of an artifically booming economic engine is a recipe for disaster as there will be more money floating in the system because it will be easy to get hold of. Enter the credit multiplier, which even further increases the money supply. What happens is I earn say $100. I put $50 in the bank. Multiply that by say a million people. Three is $50m in the bank. Now I want to start a business. So I borrow $1m. Others want to biy a house, a car, a holiday of a lifetime, etc. In the end, $45m of that money is lent out. The economy is now $95m. Now, the people/businesses we have spent the money on bank some of that money, after expenses, etc. Say, $20m is banked back as deposits, the other is spend on their expenses, and those that were paid bank say $10m of that.. The system now has the original $50m + the $45m lent but still has $30m in the bank and ready to lend out. And so the cycle goes until it essentially runs to a crtical reduction at which the economy can't sustain itself, and people start defaulting and the whole thing unravels (of course that is an overdramatisation). Say the borrowing rate is on average 10%. It makes it reasonably difficult to service large loans. Now Chump comes along and adds $50M to my economy. Whoa.. As a bank I don't want it sitting in my accounts as a liability - it is costing me money. So I want it lent out. But initially, demand hasn't changed, so what do I do? I reduce my interest rates to shift it. And this increases demand for lending, further pumping money into the economy and keeping the cycle going. But, with even more money in the economy, the same population can pay more for the same stuff, and eventually inflation will skyrocket. Then things get more expensive, and eventually people can no longer afford it as the money creation cycle slows. Then demand drops, employment drops, taxes drop, etc, The government has debt and the piper is coming along for its next payment. The proiblem with Chump is he looks to be weilding these levers for very short term political gain and the debt to the piper ever increasing. One day the piper will come calling and the house of cards that has now been built, rather than the solid foundation will fall.