Impossible to tell. It's highly dependent on the option seller. While options have similar structural qualities they are rarely identical. An option is simply a form of contract which requires an offer, an acceptance and a consideration. Deposits fill the consideration component in a tangible way and generally strengthen the contract obligations.…[Read more]

The only time a condition is unfair in contract design is when one party has a disproportionate influence over the conditions and uses that unethically. Ethics are however not a legal requirement as such (although unreasonable/unfair contracts can be remediated by the courts in some circumstances) and one usually uses what advantage they can…[Read more]

sciencesurf wrote:
Shame our dollar continues to remain stubborn.

Why? NZD has risen substantially against both the AUD and USD yet exports have risen. The idea that currencies should be devalued to remain competitive is a furfy.

Quote:
It seems there are a lot of positive signs for QLD markets over the next 5 years. I'm not buying into…[Read more]

Nigel Kibel wrote:
I have found that my Facebook page has been useful. You can also have ads for Facebook that also work quite well and can be as little as $100 per month

Why FacePlant ads are useless…

Most Facebook “Likes” Are Fake

Australia's Bank Deposit Scheme was put in place to retain confidence in the banking system but since the Cyprus bail-in things are changing. The AU banking industry and other international players are slowly maneuvering the regulatory system to adopt bail-in law as it's safety net.

Australian Banks “Welcome” Cyprus-Style Bail-In Plan

Australian…[Read more]

coolharry wrote:
or may be it could be nothing and i am just thinking too much.

Last year the CBA effectively began to hide its derivative exposure.

For the first time ever, CBA in its 2012 Annual Report deliberately omits the face value, also known as notional principal amount, of its derivatives obligations, and only reports the much…[Read more]

AU banks are as vulnerable as any bank in the world. Their assets and equity levels are so small that even small moves against the value of their assets leaves them technically insolvent.A liquidity crises and or collapse in any part of the global system leaves them vulnerable depending on how the dominos fall. Their derivative exposure alone is…[Read more]

mcollins wrote:
I think the returns are very good. prices are up 120-150% in the last 10 years all whilst yields are 7-8% so basically the gains came free.

RPData trend shows absolutely flat as a pancake since 07 so I'm mystified where you get 120-150% cg from

Graphs below are from Domain

This is fairly generalised data but the price…[Read more]

The same does not apply in NZ. There is no guarantee scheme at all. Depositors are fully exposed.

What is the Deposit Guarantee?
Government Deposit Guarantee

At the height of the recent GFC, the federal government introduced the Australian Government Guarantee Scheme for Large Deposits and Wholesale Funding (the Guarantee Scheme). The objective of the scheme was to promote financial stability with in Australia and to ensure that financial…[Read more]

zmagen wrote:

"The definition of insanity is to engage in the same activity over and over gain, expecting results to be different this time around", I believe you were saying? By all means, carry on ticking.

Exactly.. I challenge you to find any one with an ounce of sanity running this show.

JacM wrote:
Just like anything else – spread your risk. Don't store all you cash with one bank.  Have a bunch of fee-free accounts in different banks (banks that are not owned by the same mob).

AU runs a depositor insurance scheme up to $250k. Wouldn't think there's too many PI's with that many ready's floating around.

…and there's that country called China.

How Dangerous Is China’s Credit Bubble for the World?

However, once that happens, one must immediately begin to worry about Australia's banks, which have financed a giant housing bubble  on the back of the country's commodities boom and in turn rely greatly on short term foreign funding. So there would…[Read more]

Missed the point again (sigh)… the market went boo!! and all the foreign (leveraged to the gills and more) money bolted for the corners… then the market said "hey just kidding come back and play"….. until next time.

……tick…..tick…..tick….tick….tick…tick…..   not long now…..

Presidential Palace In Bosnia Set On Fire As…[Read more]

You can hire commercial floor sanders that'll do your floor no probs.

Different grade grit paper for ripping to finishing. Get a smaller hand sander for the edges. This is the type you need not the handy man stuff. You can hire these from memory.

Last time I did this was on a mates burn out house. It was a new extension with recycled Jarrah…[Read more]

QLD Govt Industry job trends and statistics

Main findings
Trend employment in Queensland rose 0.1% in December
2013. Employment in trend terms has now risen in 14 of the
last 15 months (see Chart 1). Over the year to December,
trend employment grew 35,200 persons, accounting for
around three quarters of national jobs growth. This was driven
by a…[Read more]

The world is full of optimists and very few realists. There are many here who think that because a bust was called some years back and that it hasn't arrived yet, that we have escaped the bullet. What they don't realise is that we are already in a bust. It's here and it's real. Just because one hasn't been touched by it yet doesn't mean one won't…[Read more]

PLC wrote:

He says we're the best place in the world to survive a crisis yet predicts falls of 30-50%. If that isn't doom and gloom then what is? If he is indeed correct on his supposition then house prices will be the last thing on the mind of the average Joe as they won't have a house to live in due to being turfed out and living on the…[Read more]

chrismackinnon83 wrote:
Feckle I think you've got me all wrong man. 
I was under the impression this forum was about information sharing – that's all I'm trying to do.

Pull the other one.

Pressure on Japan continues as foreign capital votes with its feet and bails on Japanese stocks. At this rate Abenomics will be dead within the month. It'll be interesting to see what the BOJ does to counter an impending Nikkie collapse…

….the last time flow swung so violently negative, the Nikkei ended up losing 55% in the next 18…[Read more]