🇦🇺ServantAllocator🇿🇦
2.6K posts
🇦🇺ServantAllocator🇿🇦
@adoptedservant
Trading-accumulating-allocating. Waiting for the extra marshmallows, giving them to givers.
Australia Katılım Kasım 2021
514 Takip Edilen221 Takipçiler
Imagine you had to choose your life at age 40:
Option A:
Single. No kids.
$50M net worth.
850 credit score.
Private jet.
Option B:
Married. 2 kids.
$3M net worth.
Drive a Toyota.
10 BTC in cold storage.
500 credit score.
Fly Southwest.
Be honest, which life are you choosing?
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Brisbane house sale price: $2m
Rental income per week this house would generate: $1,200
Rent per year: $62,400
Mortgage interest per year (assume 80% LVR): $2m x 80% x 6.5% = $104,000
Maintenance cost for owning per year: $20,000
The cost of owning this $2m house is precisely double the cost of renting it - and that’s after you dump down your equity for the 20% deposit
And that assumes no sunk stamp duty cost on purchase as well
Propadee-nomics
GIF
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Does anyone know any good studies or papers on oil demand destruction at a global level resulting solely from much higher prices?
I have seen a number, but they generally dont separate the impact of higher prices and the recessions those higher prices almost inevitably drive.
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who could have guessed that telling people to take some personal responsibility would be an unpopular post...😅
Santiago Capital@SantiagoAuFund
If you are upset that a politician on the campaign trail didn't live up to those promises once in office...that is on you.
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He was first. Unfortunately 4 years too early. And actually still wrong about reasons. Wouldnt it be better to have caught the upside first, and then gotten bearish this year?
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🇦🇺ServantAllocator🇿🇦 retweetledi
As the conflict in the Middle East continues, I often find my mind wandering to my friends and family living in the developing world.
People in nations who now face profound challenges through no fault of their own, because more than 10% of global oil production is just gone.
Along with a third of the world's fertiliser, plus the knock on effect of collapsed flows of LNG.
This is unprecedented in the history of the world, never has such a fragile and interconnected system been built that so many people rely on from the metropolises of South East Asia to the villages of Northern India.
On a long enough time horizon the developed world will get the fuel and food it needs, but there simply wont be enough to go around if the current status quo persists.
Meanwhile, economic crisis will become the order of the day as complex supply chains buckle and break as globalisation is revealed to be the deeply risky strategy it always was.
Its all just such a mess and the worst part is the people who generally have the power to solve it dont seem to understand the devastating challenges they are potentially unleashing on the world.
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@bowtiedstocks Would to see the figure without boomers
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Average Australian household net worth including the family home: ~ AUD 1.7m
Average Australian household net worth excluding the family home: ~ AUD 600k
PROPADEE 🚀
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Aussie 3s7s curve giving you a glimpse of where economic growth is heading. Buckle up ⚠️
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@bowtiedstocks Western pollies needed a war to blame something beside their malfeasant retardation for where we are economically at right now.
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Aussie propadee - absolutely bulletproof until a war on the other side of the world,
That’s got nothing to do with us and has no impact on our housing shortage or rates of immigration
Decides to derail it all
Funny that
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We asked #Grok how people behaved before the 2008 crisis: 👀
"Before the 2008 financial crisis (roughly 2003–mid-2007, with the housing peak around 2006), many people—homebuyers, investors, bankers, and the broader public—exhibited widespread optimism, overconfidence, and risk-taking behavior fueled by a booming housing market, easy credit, and the belief that "this time is different." This created classic bubble dynamics: rising asset prices reinforced expectations of endless gains, encouraging more borrowing and spending. "
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@Rainmaker1973 @SantiagoAuFund Cherry picked data, let them roll for longer.
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@rationalaussie $1.2m dog boxes quickly lose their appeal once they become a $800k dog box, as perverse as that sounds
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Nobody wants a $1.2m shitbox in Western Sydney when you can't even drive a car to get there nor have a job (AI took it) to pay the mortgage.
Sorry property bros, it is so over.
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@bowtiedstocks 🐻 steepening, followed by 🐂 steepening is my 🔮
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I’m not so sure interest rates come down at the first sign of trouble this time around
We could be looking at some serious stagflation I think
In fact, I think we already were pre World War 3
BowTiedStocks@bowtiedstocks
@ryu_tay I think we might be heading for stagflation where rates stay high
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What am I doing this weekend ?
Locking myself in my study, reviewing annual reports, watching a bit of rugby and avoiding humanity
Heaven !
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Interest rate expectations can change rather quick
This can present quite the conundrum if you are an Aussie 30 yr variable mortgage rate holder with high leverage
Good luck
Adam Kobeissi@TKL_Adam
In a sudden turn of events, US 12-month inflation expectations have surged to 5.2%, the highest level since March 2023. In just 3 weeks, markets have gone from pricing-in rate cuts to rate hikes.
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🇦🇺ServantAllocator🇿🇦 retweetledi
🇦🇺ServantAllocator🇿🇦 retweetledi
Japanese actor Hiroyuki Sanada spoke about the contradictions of human nature:
“Some people dream of having a swimming pool at home, while those who have one hardly ever use it. Those who have lost a loved one feel a profound sense of loss, while others often complain about their living relatives. Those without a partner long for one, while those who have one often don't appreciate it. The hungry would give anything for a meal, while the satiated complain about the taste of their food. Those without a car dream of owning one, while those who have a car are always looking for a better one.”
The key to happiness is gratitude: truly seeing and appreciating what we already have, and understanding that somewhere, someone would give anything for what we take for granted.
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US takes action to constrain Chinese access to VZ and Gulf energy.
Twitter: No problem, they can just get all their energy needs from one country (Russia).
Also Twitter: The US is a dying empire bc they get all their refined rare earth needs from from one country (China)
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