Stream of Consciousness Week 25th May 2020

Stream of conciousness and other personal thoughts garnered throughout the week and which will be added to as the week rolls on. These thoughts are unrefined, unquantified, unverified, and raw. Any of these may be either be edited, deleted or otherwise spawn out into it’s own separate post…

  • Walked Pae O Te Rangi Farm Summit, looping back via the Disc Golf Course. Fairly short walk of approximately 2 hours return. Track is not marked on any of the Topomaps I can see, however, was present on the Kauri Die Back map as being an open track. Open Tracks PDF Auckland Council.
  • Bull trap warning assessed previously earlier in the month I would say is showing signs of weakening (more optomistic scenario), however still exercising caution at this stage. Longer term outlook remains a secular sideways market
  • You know why people are saying the COVID Tracing QR codes ain’t working? Because there are two systems which are branded so similarly (with the yellow stripes), no wonder people are complaining when they use the official COVID-19 NZ Tracer app, they get an error. See both the official NZ COVID Tracer app developed by Rush Digital for the Ministry of Health NZ and then Simple Trace developed by a separate company called Springload.
  • The above point at #2 was posted about 3 days ago and that my concern earlier in the month regarding my crystal ball being wrong (because all the analysts were coming to the same conclusion as mine) was a valid one. It looks like excess liquidity may be successfully propping up the markets. I don’t find safety in numbers.
  • What the end game is regarding this wall of liquidity inflating stuff, I do not know. All I know is that easy and cheap credit (along with handouts) is eroding the value of working. Seems the days of actually earning your keep and then using your hard-earned money to say buy a place of your own is now getting further and further out of reach of people. The pathways are disappearing. We are rewarding rampant speculation, supporting zombie corporations that should have gone under decades ago, investment into non-productive assets and further deepening the wealth divide. (Looks like the only way to reverse this is a bloody revolution?)
  • Dare I say it, the 2009-2018 Secular bull market was an unjustified one. One that was completely fuelled by cheap and easy credit, and completely turned on it’s head the notion that saving is good.

Older Stream of Conciousness thoughts can be found here.



Stream of Consciousness Week 25th May 2020

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