Brilliant OPEC!

OPEC producers are a fantastic bunch of nation....  In trying to punish shale oil producers in the USA, they are garroting themselves.  Once upon a time, 'experts' were talking about 'peak oil production'.  You wonder where all these experts are hiding themselves now when they were fooling investors like me.

What is true is exploring for oil is a very expensive risk.  How long oil can stay long?

US rate hike

It is at zero at the moment for interest rate in the Federal Reserve (USA).  Because the Chair (Janet Yellen) says that she is looking forward to a rate rise, the US markets came tumbling.

You wonder what they teach at the US tertiary institutions regarding finances.  The reason why interest rate is going up is because the US economy has improved and there is less need for cheap money to flow around.  Short term you would have to pay to borrow but long term, you make more profit.  Hence these fuckwits of the financial world, who are paid huge amount of money and determine how markets perform, only think short term.

The Saudis who are pumping oil out and sold cheaply to put US shale oil producers to bed are the energy fuckwits...

And the Turks are dealing with IS oil, sold into the black market.  Someone has to be buying IS oil... and Putin says he has evidence of Turks double dealing.  Turkish snakes in the world scene could be more lethal than Aussie snakes in the wild.

Poodle...

Once upon a time, the Tokyo stock exchange exceeded the value of the New York stock exchange, briefly.  And then there were other stock markets rising.  And of course, China was galloping at a pace where 'experts' were predicting the end is near for American dominance in the financial world.

I thought that was laughable...  The Yanks STILL control the financial world, STILL strongly influence how the markets around the world perform and will continue to do so for a long while.  It is much easier to rise from a low base.

Today, Wall Street sneezed so the ASX will get the cold...

Private Equities

Private equities are a most profitable form of engineering.  To be more specific, FINANCIAL engineering.  I rarely touched anything offered on the market by private equity companies.

Dick Smith was sold by WOW to Anchorage, a private equity group for $94 million not that long ago but after a year, idiots bought it at $2.20 valueing it at $520 million.  Of course, WOW management was savaged for selling its electronic retail arm at such a low price.  Brokers were echoing the same optimistic sentiment as the people who sold it to gullible investors!  Were they 'paid' to sing the same song?

Yesterday, it crashed to 35c.  You can expect more falls as its business model is condemned by... Gerry Harvey!  He is NOT a stockbroker; he is a very successful businessman.

Not all financial engineering efforts are a disaster... but private equity companies are not there to make you rich.  The same broker involved with the float of Dick Smith is now warning their clients about the stock!  Macquarie gets to fuck their clients twice; once when they bought into it and twice when they sell.  It also got a big fuck when it floated Dick Smith...

What is the difference between a prostitute and Macquarie?  You, the client, pay to fuck a prostitute but Macquarie gets paid to fuck their clients... by their clients.  More lucrative than being a gigolo!  And no worries about STDs....