The totally off-topic thread

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Billionaire investor Kerr Neilson says fears about plunging Chinese markets are overblown and takes the contrarian view that actually the United States market should be a bigger worry for investors.


Read more: Platinum's Kerr Neilson says the US is a bigger risk than China | afr.com
Follow us: @FinancialReview on Twitter | financialreview on FacebookQUOTE=Foreigner;1376483]This article in the Guardian paints a bleak outlook for Australia:

Australia bet the house on never-ending Chinese growth. It might not end well | Business | The Guardian[/QUOTE]
 
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JessicaTam said:
David Bowie was the first live act I saw. 1982 Serious Moonlight tour at Adelaide oval.
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Also my first live gig, apart from an unexpected encounter with Adam and the Ants on the tube.

I saw Bowie at VFL Park. From a great distance, but I was so excited and kept telling my friend that so often that she told me to shut up.

Bowie Downunder: Melbourne 1983

Some nice stuff there if you care to check it out, JessicaTam.
 
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marki said:
Billionaire investor Kerr Neilson says fears about plunging Chinese markets are overblown and takes the contrarian view that actually the United States market should be a bigger worry for investors.


Read more: Platinum's Kerr Neilson says the US is a bigger risk than China | afr.com
Follow us: @FinancialReview on Twitter | financialreview on FacebookQUOTE=Foreigner;1376483]This article in the Guardian paints a bleak outlook for Australia:

Australia bet the house on never-ending Chinese growth. It might not end well | Business | The Guardian
Click to expand...
[/QUOTE]

Reading between the lines Neilson's motive for his Market Update really seems to have little to do with weighing up the market in China vs USA and more to do with reassuring Platinum's investors. Could it be that some have been heading for the exits and withdrawing their funds? Given Platinum's overweight exposure to Asia their valuations must have taken a hammering lately with big falls in Shanghai so it would be understandable if Neilson took a macho approach to "bluff" his way through. Understandable, yes, but reliable, no - if everything was going to plan my guess is that there would have been no need to comment.

His suggestion that Platinum is looking to use profits from shorting the US market to invest further in China is incredible - and not in a good way! Let's invest more in the worst performing market because it's cheap (after admitting that it's tainted by corruption and increasing factory closures). That sounds like a good strategy......not! Let's conveniently ignore the fact that the reason the US, AUS and EU markets have all dived in the past 10 days is because of China (with help from the oil price tanking). The US economy is actually performing comparatively well, with unemployment much better than ours and the latest figures showing further improvement.

But don't worry, Neilson says, consumer spending by the new middle classes in China will fix it all. I'm calling BS on that one.
 
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penegal said:
What party?

All the bars close so early and lock you out... Clearly a delusional state government. Glad Melbourne ditched that ridiculous idea a few years ago.

It's funny that for a global city - Sydney has screwed its own late night bar scene.
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I was out recently at dinner with two hockey teams, one from Sydney, one from Brisbane. It was about 9.30pm when one of the visitors asked me where the nearest bottlo was. I suggested that they hurry up & find one quickly as they all close at 10pm. There was shock from both the Brisvegians & someone from Melbourne who also was there.

They made it with 5 minutes to spare.
 
erkpod said:
I was out recently at dinner with two hockey teams, one from Sydney, one from Brisbane. It was about 9.30pm when one of the visitors asked me where the nearest bottlo was. I suggested that they hurry up & find one quickly as they all close at 10pm. There was shock from both the Brisvegians & someone from Melbourne who also was there.

They made it with 5 minutes to spare.
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Spare a thought for those of us in Darwin, our bottle shops are still closed on a Sunday!:(

Luckily my AFF friends have filled the wine threads with great deals and I have filled the pockets of many a wine merchant as a result.

"I'm good for a month of Sunday's" as a certain generation might say!
 
Gemtree bloodstone shiraz and Bowie on You tube thanks to the smart TV.

whatmeworry said:
With Jamie Briggs getting sacked from the ministry, I noticed he got complimentary Qantas Chairman's Lounge membership and received at least 4 first upgrades.

I was looking for a list all federal politicians who received membership. Couldn't find a definitive list but apparently Malcolm Turnbull no CL.

Was looking at VIC MPs who received CL. Some lost it after losing government but then got free QC membership.

http://www.parliament.vic.gov.au/fi...tween_23_June_and_7_October_2015_1HvvXxmY.pdf

https://www.parliament.sa.gov.au/Ho...s/Register of Members Interests June 2015.pdf
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Who needs CL when you've got a private jet. ;)

* waits for the usual suspects to attack while applauding the PM for owning a better house than Kirribilli.
 
penegal said:
What party?

All the bars close so early and lock you out... Clearly a delusional state government. Glad Melbourne ditched that ridiculous idea a few years ago.

It's funny that for a global city - Sydney has screwed its own late night bar scene.
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For someone who doesn't drink...

anat0l said:
In a way it (the council) has, and in another way people have proven they can't be trusted enough to deserve a good late night bar culture.

The same one in Brisbane, mainly propped up by the university students and upcoming young and enterprising professionals, is also similarly under threat, particularly - but unfortunately / unwittingly / unfairly - due to the latest incident of note involving the death of a young man.
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Always had a rule in brisbane to be home before the sun came up. Then you can get to the beach. Another reason to oppose Daylight savings for Queensland.

anat0l said:
1.30 am lockout, however, except for small bars, some restaurants and hotels.

I think at some point, even a 12 am lockout was being considered.
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Heres the think, it's a lock out. you can't get into a place after 1:30. But they don't kick you out, it stays open. The most bizarre place I ever drank was Darwin. Last drinks called, order 3, 1am light go up and the bouncers line up and push the crowd out the door with drinks in hand.

In any case, as my grandfather always advised "If you're not in bed by midnight, just go home. The girls left aren't worth it."
 
Captain Halliday said:
Spare a thought for those of us in Darwin, our bottle shops are still closed on a Sunday!:(

Luckily my AFF friends have filled the wine threads with great deals and I have filled the pockets of many a wine merchant as a result.

"I'm good for a month of Sunday's" as a certain generation might say!
Click to expand...

At least, knowing when the bottle shops close, one is able to do some forward planning to ensure that one does not run short of supplies. One can never have too much!
 
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