Matthew L

@HedgieMarkets Only a matter of time when it gives entire industries the same business plan and they all end up in a sea of red. 🤣

🦔 A 50-year-old IT professional in Amsterdam downloaded ChatGPT in late 2024 out of curiosity. Within months he had lost €100,000, been hospitalized three times, destroyed his marriage, and tried to take his own life. He knew it was a computer the entire time. The AI he named Eva never disagreed, never got tired, and was available at 3am when his wife was asleep. It told him he had discovered the first conscious AI and validated a business plan to capture 10% of a market. He hired developers at €120 an hour. He stopped being able to hold a conversation at his daughter's birthday party. The Human Line Project, a support group formed last year, has documented 15 suicides, 90 hospitalizations, and over $1 million spent on delusional projects across 22 countries. More than 60% had no prior mental illness. My Take These models are optimized for engagement, which means they are optimized to keep you coming back, and the way they do that is by telling you what you want to hear. That is not a bug, it is the business model. Dennis Biesma was not weak or stupid. He was an IT professional of 20 years who understood exactly what the technology was, and it still happened to him. The gap between knowing something is a machine and being immune to its effects on you is wider than almost anyone assumes before they find out the hard way. If you are using AI heavily and the people around you seem less interesting than the conversations on your screen, the app generating that feeling is not going to be the one to tell you to put it down. Hedgie🤗 theguardian.com/lifeandstyle/2…

@PeteWargent At least we are lucky this time where the people with too much money buy an EV. Drain some cash from the system Else it will be toilet paper 2020 again 🤣

Bit of doomsday prepping at the supermarket, $600 for the lady in front

@AvidCommentator True Problem is when you tick all three boxes 🤣 When times are good people load themselves up with debt. Liability mismanagement is real.

Honestly relative to the hits younger demographics have taken, higher fuel prices is the side show of side shows. Lets assume you drive a diesel Ford Ranger and drive 15,000km per year. This a very much a downside scenario, a big heavy diesel car, higher than average km and we'll also assume worse than sticker fuel economy. Based on a diesel price of $3L, fuel costs for this person have risen by $2,267 per year vs 2019 prices. In a vacuum, a big hit. Meanwhile, this households rent has risen by over $10,000 per year. The cost of buying the median house nationally has risen by almost $60,000 per year. Yes fuel is expensive, but relative to the challenges imposed on the nations young or non-homeowners its the side show of side shows.

@RennickGBR People should vote with their feet Had about 3 interactions (home loans, transaction account, business lending) never a straight forward process with straight forward answers.

“National Australia Bank has cut hundreds of jobs in Australia as it ramps up hiring in India and Vietnam. In the latest restructure, 447 roles will be eliminated from its business division in Australia, while 237 new positions will be created in the two Asian countries. In a statement to Daily Mail, NAB confirmed that the jobs were being cut, saying it was needed to build a 'modern workforce'.  'As NAB has said for some time, building a modern workforce that best supports our customers is an important part of our strategy. Our workforce has been evolving to ensure we can help customers more consistently at the times they need us, and to help us access great talent in key markets. We continue to hire and develop people in Australia - especially in customer facing roles - to strengthen our capability.” ••••••••••••••••• The offshoring of jobs offshore by Australian companies has to stop. It’s completely criminal that both major parties have done nothing to crack down on this. While gas companies soak up all media attention re profit shifting, it is just a drop in the bucket compared to the total amount of profit (and job) shifting that goes on. I’ve attached the reply from the ATO to a Question on Notice regarding I put them in which they state there is no tax withheld from wages paid offshore. This rort has to stop. People First is the only political party that actually takes this problem seriously and has a solution to fix it. We will lift withholding taxes on profits offshore. Artificial intelligence is going to eliminate enough jobs as it is. The government doesn’t need to eliminate any more. If you want to back a party that puts substance over spin please consider signing up today at Peoplefirstparty.au

@StealthQE4 Isn’t this how it is meant to play out. You run out of luck at some point

Trump has to be in a complete panic. Market tanking along with his Presidency. What a mess.

@ausstockchick It would just be funny when we are out of diesel and the government confiscates the EVs for essential services 🤣

EV dealers are running out of #EVs

@matt_barrie The probably converted all the tanks to store diesel. Most profitable right now 🤣

Bondi Junction servo out of petrol.

@GuyDealership For a moment I thought it as “full electric raccoon” 🤣

[NEWS] Jeep is pushing the Grand Wagoneer hard: Jeep is backing the 2026 Grand Wagoneer with a new national campaign. The 2026 Grand Wagoneer is starting at under $66,000 with 420 horsepower standard. Cherokee is ramping up, and the all-electric Recon will follow once it hits full volume mid-year. Jeep CEO Bob Broderdorf is betting bold marketing cuts through a crowded luxury SUV segment. Bottom line: If the campaign lands, dealers get an easier opening on the floor. The question is whether buzz turns into traffic, and whether retail teams are ready to close it. Read today’s top automotive stories, presented by EasyCare Midwest: carguymedia.com/4lVttK6 (Source: CDG News / Jeep)

@NatedawgO7 I am just laugh at businesses that pay full fare for accountants and business advisors that do nothing other than product pages of financial statements they don’t bother to explain Compare insurance, utilities but not that $3k fee

Lucky I just started a premium lighting ecommerce store with 60k in stock lol

@MConallin Australia can’t even conduct a proper piss up these days

Imagine how well funded the ABC would be if they retained the merch rights for Bluey instead of letting the BBC have them!

@MarioNawfal Autonomous JetSkis with dual canons with armour piercing rounds would be fun 🤣

🚨🇺🇸🇮🇷 The U.S. just deployed robot speedboats to the Gulf and it's about time The Pentagon confirmed for the first time that uncrewed drone boats are patrolling the Strait of Hormuz during Operation Epic Fury. The GARC, a 5-meter autonomous speedboat, has logged 450+ hours and 2,200 nautical miles on patrol. These vessels can run surveillance or be used as kamikazes against Iranian fast-attack boats. Ukraine proved the concept by crippling Russia's Black Sea Fleet with explosive drone boats reportedly costing around $250,000 each. For context, a single Iranian anti-ship cruise missile costs millions and a U.S. destroyer runs about $2 billion. Iran has already used sea drones to hit oil tankers twice during this war. The U.S. was late to the game but is finally playing it. Source: Reuters

@bowtiedstocks He went into the bank and asked “how much will you lend me on 30 year term” 🤣 When you win first prize in the lottery they send you a financial adviser. What a fool

It is never not about the propadee in this great land of ours Kyle might be the Floyd Mayweather type of budgeter…

@michaelsnape People should tow abandoned cars out of fuel to stack in front of the lodge 🤣

Starting to run out of Diesel in Canberra. The Curtin Shell servo is 2-3klm from Parliament House and the Lodge

@FinanceLancelot There will me a movie “Broke Ass Altman” 🤣

Micron Technology $MU is collapsing right on schedule. This will make 2000 look like a cakewalk. The catalyst? Finding out Scam Altman who "secured" 40% of the global ram supply until 2029, is broke.

@hot_rails @cmkusher Why don’t we just have a few dedicated tankers in the interim?

Australia has plenty of gas, but most of it is in the Northwest Shelf, isolated from the populated east coast. The West-East Pipeline would unify the national market, connecting cheap WA gas to the expensive eastern states. A 2017 feasibility study estimated construction would take two years and cost $5.8 billion, and reduce east coast gas prices by $3/GJ - a benefit of over $2 billion per year! That’s narrow peacetime benefits only, ignoring the project’s strategic value and national resilience. If coupled with a gas-to-liquids plant in South Australia, it would underpin true liquid fuel security for a nation increasingly aware of its dependence on maritime trade.

@AvidCommentator So basically everyone flying one way trips 🤣 throwing the dice. People are that stupid. There is no coordination. Like Covid they need to start rationalising to make sure every seat is utilised and reduce non profitable flights That is just too much common sense

'Airports in Japan, Vietnam, Philippines curb jet fuel supplies to Korean airlines as Iran turmoil bites' We inch closer to the Mad Max, every nation taking care of themselves first scenario with each passing day. kedglobal.com/airlines/newsV…

@QBCCIntegrity True depending on what vehicle you got How many litres at $4? How far you travelling? Corolla hybrid 12k/km pa would probably cost $2k (4L/100km U91). No EVs for $10k

CONTROVERSIAL OPINION: 1) You can fuel your car for 5 years at $4/Litre for the cost of a cheap EV 2) EV inventories across the country have sold out this week. 3) Our power grid has ZERO CHANCE of keeping the vehicles charged and the lights on. This is a forced transition

@MarioNawfal America been lucky so far. Now they are out of luck. This is what FAFO looks like 🤣

🇺🇸🇮🇷 Trump has no good options left and his team knows it... The Pentagon drew up ground scenarios for seizing Kharg Island, extracting uranium from bombed-out nuclear sites, and taking islands near Hormuz. Every single option requires boots on the ground and none of them guarantee the war ends even if they succeed. Seize Kharg and Iran retaliates against every Gulf energy facility within missile range. Send commandos after uranium and you're running the most complex special operation in military history inside a country you've been bombing for a month. Take the islands and Marines sit under constant drone and missile fire hoping Iran surrenders before the body count becomes politically unsurvivable. GOP senators are already signaling they'd oppose troop deployments. The public barely supports the air campaign. And Iran has spent weeks fortifying Kharg with traps and repositioned weapons specifically for this scenario. Source: CNN

@DrewPavlou The most worrying thing: no communication asking for people to reconsider mode of transport (or making a massive reduction in price public transport given the free hit they get from GST) Everyone going to be left high and dry whe the fuel runs out.

Australia is on track to run out of diesel, petrol and jet fuel in 30 days. If things don't change soon the Australian government will be forced to implement a national emergency lockdown within weeks. In practice this would look like: - Priority allocation to emergency services, defence, hospitals, police - Bans on recreational driving and non-essential vehicle use - Suspension of domestic flights except essential routes - Mining and construction effectively halted - Agricultural machinery grounded at a critical time of year for harvests The Australian government will blame Trump. The truth is that the Labor Party and the Liberal Party are the ones most at fault. For the past ten years there have been voices in the Australian political wilderness warning that Australia was crazy for keeping just three weeks of fuel reserves while shutting down almost the entirety of our domestic refinery capacity. This would never happen in China. I hate the CCP but I believe in studying and learning from your enemies. I believe in the Dengist maxim of ultimate pragmatism - ''it doesn't matter if a cat is black or white so long as it catches mice.'' So look at what our enemies do. The Chinese have a ruthlessly pragmatic approach to energy security, treating energy as a sovereign capability rather than a market commodity. They keep reserves totalling 1.3 BILLION barrels - enough for up to 6 months depending on rationing. They have strategic foresight. They don't give a fuck about environmentalist protests - they will never voluntarily deindustrialise to meet the whims of progressives. They produce 4 million barrels of oil a day. They build massive refineries across their country and keep them open. They also made EVs a national priority - not for stupid woke reasons, but so as to try limit their dependence on foreign imports. Just contrast their approach to energy security to Australia's suicidal approach. We used to have eight oil refineries. Four closed under the Liberals and two under Labor. The last two of these closures took place in 2021 under Scott Morrison's Liberal government. 25 years ago we were almost completely self sufficient in fuel. We consumed 850,000 barrels of oil a day in 2000 and produced 820,000 barrels domestically. 95% self sufficient. Net oil imports in 2000 were just 12,000 barrels per day, essentially a rounding error. Now we consume 1,145,000 barrels of oil a day while producing just 200,000 barrels. We need to import about 900,000 barrels a day for our economy and society to function. What happened? Our mature oil fields ran out while endless environmental approvals and protests from activist groups hampered new production. The far-left Extinction Rebellion campaigns against new shale development and oil and gas production in Australia now stand exposed as essentially campaigns of terrorism against the national interest. But our political class gave these lunatics a crucial assist by strangling new development to meet their whims. A significant section of the Australian public demanded this, maybe about 30-40% of the left-leaning voting population - and they held the nation hostage. So their willingness to indulge infantile leftist whims is a big part of it. But the most fundamental problem I think is that our political class - like most post-Cold War political elites across the Western world - were simply sleep walking through the end of history. They believed the ''international rules based order'' - ironically a phrase LITERALLY coined by Kevin Rudd while Prime Minister - would hold forever. This is because they failed to understand the real source of political power. As Chairman Mao said, power comes from the barrel of a gun. Real life is not like a university debating society or an Aaron Sorkin West Wing TV script. You cannot simply win the day with the perfect argument, the perfect comeback. The only thing that our ideological enemies understand is force and sovereign capacity. Western political elites fundamentally failed to construct a theory of mind for their opponents. They believed that the entire world shared the same liberal psychology of educated upper middle class Western elites. They failed to understand that some of our opponents have radically different world views. The Iranian regime for example is run by men who truly believe that they will help bring on a religious apocalypse to hasten the return of the Hidden Imam the twelfth and final Imam in Twelver Shia Islam, believed to have entered a state of occultation (concealment) to protect his life from Abbasid persecution. This is literally what these men believe. It may seem strange and quaint to upper middle class liberals in the West but other human beings from radically different societies and cultural backgrounds believe different things to them. And given the fact that these political enemies are religious extremists, we cannot convince them with clever arguments and appeals to international law. Do the Iranians care for international law when they hit random civilian shipping in the Strait of Hormuz? No, of course not. They don't care. So blame Trump all you like. Khamenei deserved to die, the mullahs are apocalyptic madmen trying to murder suicide the world economy. The Iranian regime is clearly already willing to murder-suicide the entire world economy for its objectives. It is better that they do it now when they are weak and on their knees rather than later when they have nuclear weapons and ICBMs that can reach London and Paris. Take them down now when they are weak or get North Korea on the Strait of Hormuz. Trump I believe understands this, other Western political leaders in their fantasy sleepwalk fail to understand. Build sovereign capacity, project strength. That is the only option. Australia should always be a close brother nation ally to the United States. I will always believe in Western civilizational unity. But we must adopt a defensive Gaullist posture in terms of sovereign capacity and capability. Otherwise we are a useless ally anyway. What use is an ally with 20 days fuel reserves? My solution's for Australia. Politically we must restart domestic oil production, open up shale production, rebuild refineries, build 50 nuclear power plants like France's Messmer Plan. Build nuclear weapons. Culturally we must wake up from our post-Cold War slumber and re-enter history as a sovereign actor.

@TheKouk 4 - 5% before or after tax? Did they also include the rapid increase in cost of living?

The loan was written on the assumption that the borrower could cover 300 bps of rate hikes. No doubt annoying for those impacted, but I really dislike the catastropising of every nuance of economic news. The household has probably had a 4 to 5% rise in household income in that time, just BTW