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Jodie Nolan
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23.01.2022 Dow Jones record high 30,000. The disparity between US markets & reality is astounding. There is real dichotomy between fear verses greed, and I feel we are at the hyper-greed end of the spectrum. ... Markets are excited for rebound on news of 3 vaccines - Moderna, Pfizer & AstraZeneca and POTUs transition, yet covid numbers are climbing exponentially and the idea that the world will return to 'normal' gets further away. The US market has been primarily fuelled by cheap money, share buybacks & fed stimulus (debt/money printing). The bulls say it'll keep climbing. The bears are shorting their positions. Talk of a 'Great Reset' isn't a conspiracy theory. The World Economic Forum presented a roadmap called 'the Great Reset' - V-shape economic recovery & future direction of global relations etc. All countries are expected to play along. Except. Governments are borrowing unprecedent amounts of money just to meet their spending requirements - just to live on. The debt is unproductive, providing no real economic return. So it'll continue to rise, and I wonder if it will stimulate enough growth and return to meet future loan obligations? But huge debt doesn't matter because there is #MMT right? Those who embrace this idea love #MMT Modern Monetary Theory (keep printing money forever) but this comes at a HUGE cost because it includes wiping out the debt with savings ..... ie. yep, the risk that governments will use excuse to cancel part of their debt with a decision to cancel part of our savings - the premise that g'ment deficits are matched by households & private sector. Essentially wiping out trillions of g'ment debt would mean wiping the same amount from people's savings. World Economic Forum ran messaging that said our future will look like 'you'll own nothing and be happy' - in a heavily indebted world, they'll wipe your home loan in return for taking your house. Universal Basic Income is also being mentioned in mainstream economic circles as a solution. UBI is the first step in government control because once you depend on them for basic living you are at the mercy of all their decisions ie. no jab, no money etc. Just something to think about as the narrative to the 'stock market will continue to rise into the ether' - but at what cost?
19.01.2022 No matter what anyone says, just SHOW UP and DO THE WORK. From page 176 of my book, The Power of Positive Leadership.
19.01.2022 I’m looking forward to speaking this event next week at @the_orangery_maleny for @sunshinecoasthinterland Only a few tickets left of you are keen plus I have an incredible grant/sponsorship opportunity to learn incredible online marketing for hinterland business owners (for FREE). @donnamoritz
18.01.2022 I miss the old school math days
17.01.2022 2 dozen #tasmanianoysters & #squeelingpig #prosecco #dinner #fridayvibes #happy #nothingfancy #myfavourite
15.01.2022 I’ve written for @YourTradingEdge magazine for nearly 10 years. The last 6 years always securing the #coverstory each edition. It’s a coveted position as this is Australia’s only trading magazine in print. I research extensively and reference everything so you know when I take a view or pose questions, there is merit in my work. This edition is no different. ... My article ‘Global Debt Bubble; Are AAA ratings a thing of the past?’ - addresses disparities in global investment debt/loans, bundled for investment (like subprime but in the corporate markets) and the global debt/bond markets. I look forward to reading my peer reviews. Avail in most AUS newsagents shortly. #tradinglife #globaleconomy #jodienolan #economist #bondmarket #asx #forex #commodities #womeninfinance
15.01.2022 Ridiculous. More books banned. If you get a chance to read 1984 by George Orwell it’s well worth it. Published in 1949 (yep) it’s a disturbing & bleak dystopian novel about the dangers of totalitarianism, warning against a world governed by propaganda, surveillance, and censorship. ... True story. #bannedbooks #1984georgeorwell #ineedtoreadagain #totalitarian
15.01.2022 What China's media is telling their people today.
15.01.2022 Well said Eric Post - American. Politics in many countries has become a circus.
14.01.2022 The US Fed continues with 'QE Infinity' Seems like they are already practicing Modern Monetary Theory (MMT) which basically assumes you can print money forever with no ceiling, and no one questions if it will ever be paid back. You'll hear the term MMT a lot from now on - the theory is that the Fed Reserve is just a conduit. US Govt 'doesn't borrow'; it creates money. An entity that can create money technically never borrows & can create infinitely. That sounds cool, but also... insane. MMT (print money forever and ever) has never been practiced before, guess we'll know in years to come if it works or not. Back to the hum of the printers.....the Fed brought 44.5 billion in securities outright this week (remember TARP days of GFC collapse and how well that worked out, NOT - TARP was a law to purchase toxic assets from banks, to help save the banks from collapse) - seems very similar. They are pumping approx $80 billion into their markets each month - essentially printing money, to buy bad debt, to keep the show on the road. We live in some fun times. I feel for the authors trying to update economic texts on how the world works, seems anything goes right now.
12.01.2022 At the center of your being you have the answer; you know who you are... and you know what you want. - Lao Tzu #vibration #intuition #laotzu #motivationalquotes #truth #trusttheprocess
12.01.2022 ‘There seems to be no signs of intelligent life anywhere.’ - Buzz Lightyear
11.01.2022 Thanks for the reminder 22 years since first licensed with ASIC.
09.01.2022 Remember when I said we had enormous levels of global debt and there isn't a foreseeable generation able to repay them? Well the path to potential debt jubilees seems to have started. Italy is asking for the European Central Bank to pardon/cancel their pandemic debt. Is Italy in trouble like Greece was?... Haha wouldn't that be nice, if the banks just pardoned or cancelled all our loans. #Bloomberg #italy #DebtJubilee
08.01.2022 10 million over reserve!!! Property crash, what property crash? Vendors would be happy clearly people still making money & buying the lifestyle they desire. ... #property #ausproperty #interestrates #probablymelbbuyer
08.01.2022 Yep. #business #smallbizowner #ausbiz #entrepreneur #hustle #lovequotes #3amthoughts
07.01.2022 @ali.zeck completely agree. Powerful people don’t explain why they want respect, they simply won’t engage with anyone who doesn’t show it to them. I won’t engage with anyone who isn’t prepared to have thoughtful, considered and respectful discussions - on any subject.... It’s a simple strategy but it works. If a person needs to resort to name calling, childish threats or bulling, then they don’t deserve a seat at your table. Block and move on, wishing them well in the process
06.01.2022 @Microsoft is down - 911 can't take calls. Multiple services across USA are down. World wide outage including Flightradar24 who said they've been under attack for the 3rd time in 2 days (assume separate issue but same timing).... United Health Services (US hospital chain) hit with cyber attack at same time too. Coincidence or connected? Gotta love the world's reliance on technology.
06.01.2022 Every Australian should watch this. It is worse than most economists predict. Grant it Australia is in a much stronger position to navigate this than other major economies (we didn't print money or artificially inflate our markets with share buybacks etc plus thanks to the commodity boom after 2008) but we don't have boarders open for our 3 major economic stimulants; * Tourism... * Foreign Students * Immigration That and social distancing (limiting numbers in premises going forward anyway) is making the road ahead tough. 1/3 of all businesses are relying on Jobkeeper to pay wages - now that's being tapered off - this is a sobering look at the next 6 months. #fourcorners @abc4corners
05.01.2022 Oh that's reassuring. Our Australian government is getting funding for our fragile bond market (to help prop up our economy) from Deutsche Bank who was involved in $2trillion dollars worth of suspicious transaction. RBA intervened in bond market in March to restore it's functioning (yep) and lower borrowing costs but unlike other central banks it is limited so Deutsche Bank helped by issuing long-term bonds (debt). ... Awesome association there kids. #FinCENFiles
04.01.2022 Big news. #Trump has covid_19. I hopes he’s fit and healthy as it will have a huge impact on election if he gets sick. Trump and Melania have tested positive for Covid_19... By his logic, if he didn't get tested, he shouldn't have got it. Right? #POTUS #FLOTUS
03.01.2022 I remember this story. Remarkable young man.
02.01.2022 My last property - 150 acres - had epic caves, waterfalls and rainforest to explore. Found this in the archives for new owner.
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