Bank runs hypothesis

Another risk scenario that could happen is that some fed up savers could begin withdrawing their savings in frustration at Central Bank policy. Given sufficient enough numbers could culminate into a bank run where it generate it’s own momentum feeding upon itself.

Asset prices would continue to rise in the meantime while people convert their savings into other forms, however once a full on bank run is in motion, Asset prices then could snap back the other way while money supply contracts, loans are recalled and people forced to sell assets in a sliding market in order to fulfill collateral requirements.

Subjectively, the risk of such an event happening in the next few years I feel is currently ‘low’, but thought it was something worth putting out there.

Bank runs hypothesis

Pumping up the Money Supply, the ultimate treatment for financial market ailments?

Disclaimer: Not financial advice (as with anything else in this blog)

With endless money ‘printing’ and liquidity injection, the US Financial Markets have almost completely (if not completely) decoupled from their underlying real economy. Financial markets globally no longer represent the general health of their respective economies by any reasonable measure I feel.

The decoupling I believe started way back in the Global Financial Crisis of 2008 when liquidity creation was employed to restart the economies. So far since then, it seems when any sort of crises happens to spook the market, the treatment response has been to pump even more liquidity into the system and it seems to have been surprisingly extremely effective at least at treating any symptoms for the last 12 years.

What the end game is? I don’t know. It goes back to a post I penned back in November 2019 where I asked what would be a trigger to a sustained correction? (Not just short sharp corrections of the types we’ve been having recently)

One potential threat which could end up defeating the effectiveness of such monetary policy would include some sort of catastrophic, devastating and tragic famine by way of insect plague or widespread natural disaster where food security gets impacted and food supply contracts causing food prices to spiral out of control (by way of hyper inflation) where people find themselves being forced to sell assets into a sliding market to feed themselves and their families just to survive. Continue reading “Pumping up the Money Supply, the ultimate treatment for financial market ailments?”

Pumping up the Money Supply, the ultimate treatment for financial market ailments?

No new active COVID-19 cases in NZ

There are officially no more known ‘Active’ COVID-19 cases in New Zealand. We move down in to Alert Level 1 tonight.

https://www.rnz.co.nz/news/political/418524/prime-minister-jacinda-ardern-reveals-move-to-level-1-from-midnight

Still need to be vigilant obviously.

“We will almost certainly see cases here again. That is not a sign we have failed.”

“If we get one or two cases in the future – which will remain possible for some time to come due to the global situation and nature of the virus – we need to shut down those cases fast. The last thing … we want to do is move up the alert level system again.”

My feeling is though, heading into the Winter seasons in future years, it may still be a good idea to practice some sort of social distancing primarily to protect the more vulnerable in our communities.

No new active COVID-19 cases in NZ

Bull Trap Warning still in force (currently)

Update: 6th June 2020 – The Bull trap assessment, as a prelude to a sustained bear market, is increasingly looking shaky with the current short term bull market likely to challenge previous highs. Longer term Secular Sideways market view, with large bull and bear cycles, still stands.

The S&P 500 is still behaving in a way that signals a possible (rather than probable) bull trap. Again, nothing can be said for certain and this assessment is very much certainly subjected to change and re-evaluation on a dime.

Main concerns at the moment is the inherently delayed corporate and economic reporting (including unemployment rates) where the full of effects of the measures behind CoVid-19 may not be fully realized and reported on until a few months down the track. The effect and global reaction so far has been sufficiently deep as to invoke a long-lasting change in the way we go about our lives going forward. At the moment, my feeling is that the latest bull leg (given the unexpectedly large magnitude and severity of the preceding fall was certainly to be anticipated) has mis-priced the effect of the measures surrounding CoVid-19 I feel.

Laying out the possible scenarios in a very broad and general way for my own edification… Continue reading “Bull Trap Warning still in force (currently)”

Bull Trap Warning still in force (currently)

Stream of Consciousness Week 27th April 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…

  • bull trap warning still in force (for now). Discussed in another post. Currently Looking cautiously at the US unemployment figures due out on the 8th May (U.S. time). As with all view expressed in this blog, views and sentiments may change on a dime.
  • I’m running out of space on my Main VPS (hosting NUI.NZ). The consolidation of KAHA into NUI.NZ is going to have to be deferred.
  • Franchising as a business model I feel is increasingly on the rocks in Australia, and this was before CoVid-19 ever hit.

Older Stream of Conciousness thoughts can be found here.

Stream of Consciousness Week 27th April 2020

Stream of Consciousness Week 20th April 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…

  • Looks like we are indeed going to need to be a lot more cognizant of all respiratory diseases and not just Coronaviruses going forward I feel. If CoVid-19 is causing this much concern, then Influenza while not the focus at the moment I assert is also a bit of a worry. Even though we have Vaccines for seasonal Influenza, my current feeling is that they have been pretty woefully ineffective in recent times, particularly in the elderly. Some sort of social distancing and social counter measures every flu season is likely to remain for the foreseeable future.
  • Bull trap warning still in place. Still trying to feel the pulse, but signals are all over the place at the moment. Can go either way. At this very point in time, it smells very much like a classic bull trap, but again, given the erratic nature of everything at the moment, anything could happen. May take the opportunity to reduce equity exposure further, then do a pre-emptive buy back later on the track (in the guise of catching a falling knife mind you).

Older Stream of Conciousness thoughts can be found here.

Stream of Consciousness Week 20th April 2020

FaceBorg – Privacy? How about we talk about the concentration of power?

To be honest, privacy issues aside, I am significantly far more concerned around our continued almost exclusive reliance on Facebook’s products to communicate with our friends and family and subsequently helping Facebook, a sole for profit entity, gain a very concerning amount of control over our lives collectively.

Facebook Inc. aren’t some benevolent entity, they are a business and their first and foremost mandate ahead of anything else (including a head of wider social concerns) is to ultimately maximise profits to their owners.

Decades on, I desperately struggle to see why more of us aren’t concerned about this. Please, can someone enlighten me as to the faults in my thinking here? Please?

Also, Custom Audiences. I know I am alone in this thinking, But I consider businesses uploading my personal client information as part of a Custom Audience List to Facebook a breach of my privacy. You are effectively giving my personal information over to a 3rd party and that is not OK.

Facebook use that information to their advantage by matching up information as to where I have been, where I have shopped, etc.

We really don’t need to be rewarding nor supporting Facebook’s on going track record of behaviour, and we really don’t need to help support such a company (particularly a for-profit one) taking so much power and subsequently control over our lives.

FaceBorg – Privacy? How about we talk about the concentration of power?

Stream of Consciousness Week 13th April 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…

  • My intuition is signalling a potential medium term bull trap warning in the financial markets globally. Again though, “who the flip knows?” would be pertinent statement in this situation. I’d say the secular sideways market actually started back in 2018. The correction was a long time coming and even then, surprised it hasn’t tanked further than it has before doing it’s first reversal
  • The streets over the Easter Break were full of people along with family groups walking and riding around the neighbourhood enjoying the sunny weather.
  • The :matrix.org channel had E2E Encryption enabled by one of the Mods (an action that can’t be reversed at present). At the moment, not too sure I favour doing this for a channel that is intended to be publicly accessible and viewable by the public anyway. Currently, considering where to drive this… Will let current room members ultimately gauge how they feel about it. Picking I will retain the current now encrypted channel for more discrete and casual banter and then create a new unencrypted channel for Public NZ discussions and easier community on boarding. Technically, should be fairly easy to swap over if needed.
  • It’s not just COVID-19 we all have to be mindful of I feel. It feels as if we are also losing the war against influenza with the Flu shot seemingly showing a trend of gradual loss of efficacy over the years. There’s been a few anecdotes last year of Influenza outbreaks (Causing several deaths) in several rest homes across the United States despite vaccinating all their residents along with Nurses at those facilities exclaiming how useless the vaccine was. In that vein, yes I’d expect that the physical distancing (“Social distancing”) measures implemented will become mainstream for years to come after COVID-19 subsides, particularly in the flu seasons.
  • Anecdotally, would seem the Earth has started to heal, but it’s early days yet.
  • It is also probably a time for making us more mindful of what actually matters most to us.
  • With all these layers of software infrastructure and application development. What really is the point? Would this ultimately extend human life and make it more meaningful? We appear to be getting to that crest where we are using tools for the sake of it. Have we lost sight of the more root objective?
    To add: This popped up on HackerNews… Ask HN.

  • That said, have recently dropped Hacker-News from my personal links and from my daily visitation. I feel there has been a bit of probable Astroturfing and too many short “Wow! This is so cool!” type posts that add little to the discussion. There are indeed still some good posts and comments to read, but the time spent sifting out the good from the pointless became just a bit too much for me personally (Seems to be something that befalls all Internet forums admittedly)

Older Stream of Conciousness thoughts can be found here.

Stream of Consciousness Week 13th April 2020

Current Personal Take regarding CoViD-19

Indeed, my views have shifted over time. This is a rapidly evolving situation where frankly anything can go. I do agree that CoVid-19 is serious enough to warrant extra and utmost caution including taking measures such as proper and thorough hand washing, staying well away from others if you’re sick (CoVid-19 or not), and drastically limiting any non-essential travel. This is more so with protecting the more vulnerable in our communities (such as those who are elderly, who have pre-existing medical conditions, who are immunocompromised) along with flattening the curve to avoid overloading our health services (which includes the many hard-working health personnel on the front line).

At the moment, I am of the feeling that the lockdowns happening around the world on balance will save lives but a question does hover over whether these measures will ultimately be a net positive for people’s livelihood in terms of situational (e.g access to gainful employment, individual “agency”) and mental well-being overall in the longer term.

While I agree this situation is indeed serious, I am still of the opinion that many of the commercial mainstream media outlets globally have been irresponsibly fanning a counter-productive, unhelpful, and needless level of panic among the general population by cherry-picking the most extreme stories to come out of this. It would appear that a lot of people on the regular social media channels have been induced in to talking themselves in to a funk including lapping up what I consider as needlessly extreme apocalyptic fearporn doom scenarios and this appears to be getting more pronounced as the situation rolls on. I have been avoiding through blocking as much as possible, my own consumption of any mass media or social media during this period.

I don’t begrudge our own Government imposing a lock down. Given how globalised we were, The New Zealand Government had to do something (or at least been seen to do something) and it appears to be having at least a visible and measurable positive effect by way of decline in new cases each day. In saying that, as the lock down rolls on, I am seeing a lot of people’s mental well-being starting to decline being holed up in their homes and I am concerned that we could see a bit of increasing push back happening in the form of defiance or disobedience among a few of our own citizens.

People I feel need to be mindful that the Data, particularly surrounding death rates, coming out globally may be skewed until such time we can broaden testing availability to more of the general population. The people who will be most often tested at this stage of the cycle naturally will be the ones showing the worse symptoms.

Once this current situation recedes, It will be interesting to see if we will also be taking more consideration of other potentially deadly respiratory diseases such as influenza from here on in. I’m picking physical distancing (more commonly referred to as social distancing) will become a matter of habit for a few years after CoVid-19 comes to pass and may even be something encouraged as a matter of common courtesy every flu season.

Again, like any view expressed in this blog, my views are most certainly subjected to change as events unfold and as new information comes to light.

Current Personal Take regarding CoViD-19

Mass Clinical Trial of potential treatments against CoVid-19

Clinical trials of potential candidates for CoVid-19 treatments are now currently underway to see if any of the below mentioned drug combinations offer any efficacy in slowing down or reducing the effect of CoVid-19 on patients.

Science Mag: WHO launches global mega trial of the four most promising treatments

Potential treatment candidates include…

  • Chloroquine and hydroxychloroquine
  • Remdesivir
  • Ritonavir/lopinavir
  • Ritonavir/lopinavir + interferon beta

I’d expect there will be other potential treatments in the pipeline coming online to be ready for clinical trials.

In my own non-professional opinion, if any of these clinical trials are actually successful, the earliest we could perhaps see these treatments becoming mainstream is may be 5-9 months. I would currently pick in reality this could be over a year, but again I reiterate this is a stab in the dark prediction.

CoVid19 is indeed a very serious series of viruses and firm + swift proactive steps need to be taken, particularly with protecting the most vulnerable in our community (e.g The elderly, those who are immunocompromised and those with serious pre-existing medical conditions). At the same time, I still assert that I see a totally needless, unhelpful and counter-productive level of group think, panic and herd mentality that is being perpetuated in an epic unprecedented feedback loop across social media channels and the majority of the Mainstream media / Mass media outlets globally.

Mass Clinical Trial of potential treatments against CoVid-19

I fear the panic more than the virus itself

In confession, I currently feel greater anxiety towards the panic and public reaction over the COVID-19 virus more than the virus itself. This sentiment of mine is no doubt subject to change however as events unfold.

Yes, Take positive proactive steps to safe guard yourself and your community, friends and family including such precautions like proper and thorough hand washing, staying away from others if you’re sick. But please don’t be an idiot and fan the fear around social media or hoard stuff like toilet paper.

That said, yes, I believe the New Zealand government could be doing more to safe guard our borders and taking stricter quarantine measures at our major ports, at least to slow any spread down and minimize overloading our Health services (by way of helping to “Flatten the Curve”).

I fear the panic more than the virus itself

.NZ Domain Yearly registration prices are to rise.

The .nz Domain prices are to rise after InternetNZ announces wholesale price increases. Claim is that registrations are falling. Monthly Registration statistics can be found here… https://docs.internetnz.nz/reports/

I believe a lot of the more recent new domain registrations were speculative after the release of the direct second level registrations under .nz and feel that may be it’s just a gradual decline back to the mean.

Increasing prices in my view will no doubt accelerate the so-called decline. I plan to have a look into their financials when I get a chance. (I don’t expect to find any irregularities – though worth checking for my own edification)

.NZ Domain Yearly registration prices are to rise.

Huawei P30 Pro Camera – Hybrid zoom

Update 13 October 2019 – So took the Huawei P30 Pro and compared it to the Panasonic TZ110 and another quick test…

At x5 zoom…
Native zoom for the P30 Pro’s x5 Camera. To my untrained eye, it is fairly similar enough in detail. The TZ110 may be a touch more natural in detail and colour reproduction.

Continue reading “Huawei P30 Pro Camera – Hybrid zoom”

Huawei P30 Pro Camera – Hybrid zoom

Auckland Local Body Elections

Admittedly, it’s been difficult to figure out who to put a tick against for the Mayor vote for the Auckland Local Body elections. I’ve spent at least two hours in total reading about and researching all the candidates over the last week.

Some may argue that spending two hours is a total overkill, but admittedly, I do hold Civic responsibility quite seriously, and the fact that we do get to vote as part of a democratic nation is something I consider extremely important.

Resources reviewed and canvassed include…

  • The Voting instruction booklet / Candidate information. Same information is available on the Auckland Council Website. (Just click “+ More search options” then “Show mayoral candidates”)
  • The Spinoff NZ – Local Policy Website
  • Radio NZ – Mayoral Candidate Debates
  • The Candidates own resources, such as their own personal (campaign) website and social media accounts.

So far my research has come up rather inconclusive. The decision made more difficult is the candidate information appears to vary between mediums (i.e Candidate information booklet vs the Candidate’s website).

Auckland Local Body Elections

Flu session really took me out

I’m still recovering from this dry cough / chest infection from a full blown flu earlier last month. Tried to go for a walk today primarily to start the process of getting my fitness back, but my lungs wouldn’t have a bar of it. Coughing fits like crazy as soon as an step up the intensity beyond a flat walk in the park.

Looks like I may have had a relapse last week, which hasn’t helped matters. (a 2nd bout, in spite of getting the flu shot this season)

Estimate time of recovery is next coming weekend. Then I need to blooming get my fitness back and see how much of it I loss over the month that I have been unwell.

Immune system wise, I seem to able be bash through bushes, get cut up everywhere, be leaking blood out from my limbs without knowing it and never have a problem. But in terms of respiratory ailments, my immune system is rather weak in that regard.

Flu session really took me out

Thrifty Car Rental Franchise Caught Posting Fake Reviews

Update: June 2019 – Thrifty Australian Head Office have also since been notified and have advised they have since started working with their Dandenong based Licensee, Lawrence Vic Pty Ltd, to gradually remove the offending reviews posted by franchise staff.

Have also been fielding the occasional E-mail from those purporting to be past employees of Lawrence Vic Pty Ltd, describing Working Conditions, Internal Culture issues, etc, however have chosen not to elaborate on those here in this particular blog post.

Topping off personally my most disappointing consumer experience to date either side of the Tasman that I can recall… upon looking to place a review regarding my last hire experience with Thrifty Car Rental out of Mickelham Road, (Melbourne), discovered that the franchise owner along with certain senior staff of franchise operation Lawrence Vic Pty Ltd, had posted several of their own reviews whilst failing to disclose their commercial and/or employment connection to the business…

Lawrence (Vic.) Pty Ltd. T/A Thrifty Vic Car and Truck rental – Glenn Lawrence…
Personally I think that these guys are the best rental company in Victoria. They always have great service a delivery on time with a smile. I would recommend them to anybody.“ 
– S
ource: Google Maps
(This has since been removed upon advising I had referred the matter to the ACCC and CAV)

Thrifty Franchise owner Lawrence (Vic.) Pty Ltd for Dandenong, posting a 5 star review of his own business. This has since been removed.

…Being the owner, of course he would think and say that about his own business.

Lawrence Vic Pty Ltd’s Chief Financial Officer, was also discovered to have placed multiple 5 star ratings of a number of Thrifty Car and Truck rental locations…

Lawrence Vic Pty Ltd’s Chief Financial Officer placing 5 star ratings for various Thrifty locations. (Weipa Thrifty is owned by a different Franchise)

Some more ratings placed by the same person. He has placed 5 star ratings on at least 8 (possibly more) locations owned by Lawrence Vic Pty Ltd along with 5 star ratings for a handful of other Thrifty Locations owned by other business units.

Lawrence Vic Pty Ltd’s Chief Financial Officer placing several 5 star ratings for Thrifty Car Rental locations owned and operated by Lawrence Vic Pty. ltd.

 

Also came across this… Known employees (confirmed upon glancing at their profiles) including the owner of Lawrence Vic Pty Ltd are seen posting fake ratings and reviews for Thrifty Vehicle Sales location that they operate in Dandenong. (These have since been removed in haste upon advising I have turned the matter over to the ACCC and Consumer Affairs Victoria)

Fake Reviews posted to the Thrifty Vehicle Sales page in Dandenong by those in the employ of the reviewed business (Lawrence Vic Pty ltd). These have now been removed after advising I had referred the matter to the ACCC and CAV

Furthermore, if you glance at the rest of the profiles from where the ratings and reviews have come from, quite a few of them I feel appeared (at least to me) to be from direct friends to one of the Staff in question (Profiles liking and commenting on posts from the staffer’s profile and vice versa or more apparent, the staffer appearing on the friends widget of those profiles).

While friends of staff are well within their right to place a review if they are genuine customers, a potential conflict of interest is present and this should really be disclosed within any review they post as per the ACCC Guidelines in respect to asking friends to leave a review.

More Lawrence Thrifty staff posting positive reviews, this time for Thrifty Weipa. (While this may be a different business unit to Lawrence Vic Pty Ltd, they are still part of the Australian Thrifty Car Rental network and any such review should disclose this)

Thrifty Lawrence Vic Pty Ltd employees posting reviews for Thrifty Weipa. While a different Franchise, they are still part of the same network and should be disclosed.

 

An older review from 3 years ago posted by another employee of Lawrence Vic Pty Ltd…

Another Google self review from a Lawrence Vic Pty Ltd staffer for Thrifty Car and Truck Rental Campbellfield.

 

Here’s a more recent glowing review for Thrifty Car and Truck Rental for Footscray…
(the statement “…team that works together to achieve their goals” caught my eye as it’s not normally something posted by a genuine customer)

(The review below was quickly removed after I posted a temporary review publicly challenging it)

Glowing review of Footscray Thrifty Car and Truck Rental posted by a staff member of Thrifty Footscray. This was quickly removed after posting my own review to challenge it.

From then I looked at the reviewer’s other review for Coles Express, a service station very close by Thrifty Car and Truck Rental Footscray where he mentions “…as part of my job for a rental car company…”

Same employee mentioning he worked for a car rental firm. No surprises which one.

 

…All the above fake reviews were the ones that were known about and could be directly linked to Lawrence Vic Pty Ltd personnel.

The last fake testimonial above was only caught by virtue that the staff member in question had posted in another review mentioning he worked for a rental car company.

In my mind, it certainly raises the question…
How many of the other customer testimonials could also be fake or otherwise have been posted by Thrifty Lawrence Vic Pty Ltd personnel?

Wouldn’t be surprised to learn that Lawrence Vic Pty Ltd management possibly encouraged their employees to engage in the practice particularly since the owner himself was seen placing at least a couple of his own fake reviews.

Reviews posted to Lawrence Vic Pty ltd. New location: Thrifty Coburg in Melbourne, Victoria, Australia. While an individual review from a profile where this is their only review is not sufficient by itself to raise a red flag, the ratio of such reviews do raise a red flag with me.

Lawrence Vic Pty Ltd’s newer location, Thrifty Coburg, Melbourne, Victoria. 4 out of 6 reviews revealed anomalies. 3 out of 6 reviews were posted by people with only 1 review with a 4th review from below…

The reason why this looks fishy…

  • The ratio. Out of 6 total reviews, 3 were made by reviewers with only 1 review,
  • One of them being especially and suspiciously hyperbolic. “Wow, what an experience” is a sizable red flag to me as such reviews have in the past often been found to be fake upon my own investigation. How often would one be so over the moon renting from a car hire place?
  • A 4th review was made by a reviewer who has a total of 4 Google reviews to her name. However, out of those 4 reviews, 3 of them are for Thrifty locations all operated by Lawrence Vic Pty Ltd, another red flag…

 

This reviewer has a total of 4 Google reviews to her name. 3 of them for Thrifty locations, all operated by Lawrence Vic Pty Ltd.

There is a Michael Nguyen who works as a manager for Lawrence Vic Pty Ltd’s Thrifty Footscray location. Whether he is the same Michael Nguyen who posted this (in my view) rather anomalous review for Thrifty Vehicle Sales Dandenong is not able to be definitively confirmed as there are a ton of People called Michael Nguyen in the Melbourne Area.

While I acknowledge that Lawrence Vic Pty ltd isn’t alone in such antics (Far from it), Lawrence Vic Pty Ltd is the first business (that isn’t an outright cold calling boiler room “wire” scam operation) who I have both personally had any sort of interaction with and seen engaging in the posting of falsified testimonials.

Regardless, I don’t anticipate dealing with this particular Thrifty Car Rental licensee again given there are so many other hire options – including within Thrifty’s own network itself (Alternate Thrifty locations in Melbourne not operated by Lawrence Vic Pty Ltd.)

Overall my hire experience with Lawrence Vic Pty Ltd was far removed from my usually smooth hire experience under the Thrifty brand in Australia. I will admit to totally letting my guard down in this instance due to trust built up from multiple positive hiring experiences before hand under the Thrifty brand. Issues with the Lawrence Franchise included…

  • Failure to disclose upfront the full fee structure in their written legal documentation in respect to minor damage caused by a small Roo jumping into the side of the vehicle. An undisclosed and non-specific 3.5% Administrative fee was levied on top of other Administrative fees and was not disclosed to me verbally nor in writing.
  • Upon contacting the Licensee’s HQ at Dandenong thinking that these matters would be easy to clarify, I was instead met with a defensive attitude from one of their accountants (who I now learn has since left the organization) with the chain of communication abruptly closing at “Thanks for your feedback on our disclosure” with no further attempt by Lawrence Vic Pty Ltd to explain or otherwise point out where in the written agreement these charges applied.
  • Failure to provide a copy of the agreement at initiation of the hire requiring several follow ups. (This doesn’t appear to be an isolated incident with Lawrence Vic Pty Ltd.)
  • Upon eventual receipt of the above, discovered a break down add on I never requested and which I strongly believe was snuck on by the RSO under IMO obvious pressure by his bosses to meet his monthly sales target. The RSO agent I strongly believe highlighted the agreement in such a way to draw my attention away from it and most certainly skipped over it in the walk through of the said agreement.
  • On presenting a New Zealand Driver’s license, Lawrence Vic Pty Ltd demanded 2 x Australian Phone numbers and an Australian Address. No where was this stated anywhere on booking nor the unified thrifty.com.au Website. This is different from Thrifty Melbourne Airport and Thrifty Melbourne city (Spencer st) where no such requirement exists.

Their employment ads suggest a rather Sales driven culture I feel (“…totally focused on achieving targets and budgets”) and this has been emphasized in Lawrence Vic Pty Ltd’s ads far more than for Front line roles advertised by other Vehicle Rental agencies (operating under the Thrifty banner or otherwise) I feel.

I have also since dropped a note to the Australian Competition and Consumer Commission (ACCC) and Consumer Affairs Victoria (CAV) to let them know of Lawrence Vic Pty Ltd’s conduct.

If would be fair to say that I hold the management of Lawrence Vic Pty Ltd personally responsible for the matters arising out of my hire with them. Nor have I ruled out possibly taking out a case against Lawrence Vic Pty Ltd in the Victorian Civil and Administrative Tribunal (VCAT) when I’m next back over the ditch on business.

In-spite of that, have since continued to rent through other ‘Thrifty’ branded business units in Australia without experiencing anywhere near the same sorts of issues. However, my continued custom with Thrifty as a brand is now under review (particularly so now that NZ AA and Thrifty Australia between them seems to have ended the hire car deals for us NZ AA Members).

In a nutshell…
I consider trust extremely important in any transaction I undertake and Lawrence Vic Pty Ltd through their conduct I feel have completely failed to demonstrate this.

If you have to rent through the Thrifty brand (for what ever reason) in Victoria, Australia. A listing of alternative Thrifty Car and Truck Rental locations in Melbourne operated by other business units and franchises can be found here.

Status

Branding Effects + Roadblocks to Web Decentralization

(This post is a sort of a lead in from my previous post about Meetup.com)

Anecdotally, it seems the majority of groups which have left the Meetup.com platform have moved their group to Facebook. Branding I’ve come to realize is at play here with Facebook’s seemingly relentless march to take control as much of the web as humanely possible.

While I’ve found many people announce that they “Hate” Facebook saying it’s crap, to them, it’s a familiar sort of ‘Crap’, people subconsciously lean to Familiar because Familiar is “Safe”. Another words… “Better the Devil you know than the Devil you don’t”.

Like ‘McDonalds’ is to fast food, People may criticize their food as ‘plastic’, but yet keep coming back to it because there is some psychological guarantee that it will be the same ‘Plastic’ food they they know of. Take this, if you landed in a new country, would you try some unfamiliar food outlet selling unfamiliar food or head straight towards the Big illuminated ‘M’?  This is something that came to my mind when I was setting up a Test Instance of Oxwall and is something us Decentralization / Open web advocates are going to need to consider.

 

Branding Effects + Roadblocks to Web Decentralization

Flight Centre Travel Expo

Attended the Flight Centre Travel Expo briefly in the morning just to have a quick look. While it perhaps didn’t really inspire me to go traveling more than I currently do, it did put in perspective just how much people were willing to pay for convenience by buying a pre-arranged tour, even with the 15% Flight Centre Expo discount applied. Seems 180-450 per day per person is the norm and that is excluding flights.

Inside a Tour coach (Flight Centre Travel Expo)

While people will no doubt have differing views, based on one’s circumstances (You’re time poor, you have a family to look after, etc). I feel that planning a holiday yourself and researching in detail where to go, what to do, etc,is a large part of the Holiday experience.

I think it was the same deal with my Victoria, Australia trip to both the Grampians [Photos] and 12 Apostles [Photos]. Looked at tours available then in the end, decided to book a rental car myself and book accommodation myself for a much cheaper overall rate.

For those in a position to do so, self arranged holidays provided some advantages…

  • Not being rushed and hearded around. Take it at your leisure. Increased chances for better photo opportunities.
  • More flexibility to see what you want, do want you want.
  • Even for a solo traveler, booking your own transport and accommodation worked out cheaper than taking a pre-packaged tour.

 


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Flight Centre Travel Expo

Unethics

Indeed, I personally knew the guy behind Ronovationz… but that was 10 or so years ago.  Please don’t go asking me about him and his recently exposed behaviour in the media.

In context, it looks like he pushed it a little bit too far over the edge, particularly considering given the climate of housing unaffordability issues which really are a political hot potato at the moment. (There is no two ways about it, Australasian property prices in the main centres are way out of line relative to things globally… being other real estate markets in the world, and relative to other economic factors)

The fact that “Every investor does it”, doesn’t make it right as such.

Unethics