Annie Crummer at Matariki Vibes 2022. Effectively walked into this on a leisurely local neighbourhood afternoon walk without realising there was even this free concert on.
The free concert also had House of Shem, Che Fu, Herbs, among other acts. Hosted by Ngāti Whātua Ōrākei.
Wasn’t particularly packed at all. That said it wasn’t widely publicised either and had to really search for it online upon returning home from my walk.
Well what did the world expect? An uptick in interest rates has caused asset prices to fall, and some quite substantially. The recent sustained boom was indeed credit fueled and a correction has finally arrived albeit several long years overdue (delayed by the ridiculous amount of money printing by Central Banks world over)
As asset prices continue to ease, I’ve started seeing opportunities emerge for the first time in frankly a too long a time.
Up until now, had been using ATLOGIS “NZ Topomaps” app for Topographic maps for use outdoors in the NZ Bush. However much to my chagrin, despite paying them some coin for their Pro version find that they changed it now be a yearly subscription at $20.00.
Now using the similarly named NZ Topo maps developed by Mason Blackwood. Have paid for the Ads Free version.
Fantastic Planet on it’s last evening prior to it’s departure from Auckland. Click photo to access gallery on NUI.NZ
Apart from AA landlord insurance / Vero, will be interested to hear what other insurers are also offering a reduced inspection interval requirement of six months or longer at least when tenants have been in a given place for over a year or two.
The current 3 month inspection I feel is a bit over the top if a tenant has stayed in a place for beyond a year and has kept the place in good condition in that time. One primary reason I hear for the 3 monthly inspection requirements is to pick up meth use or manufacture, however am unconvinced that more frequent inspections is likely to materially increase the chances of picking this up.
Stream of consciousness 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 its own separate post particularly if new information comes to light…
Older Stream of Consciousness thoughts can be found here.
Picture from Whitecliff’s walkway done at the start of this year.
The NRMA’s car rental division, Kingmill Pty Ltd, formerly operating as Thrifty Car and Truck Rental Australia have since been rebranded as SIXT Car Rental Australia upon expiry of their original Master Franchise agreement with Dollar Thrifty Automotive Group (DTAG) in the United States.
This change includes some of their network of sub-franchisees throughout Australia including, Lawrence Vic Pty Ltd and Pacific Automotive Holdings Pty Ltd which have followed their franchisor to rebrand as Sixt Car Rental Australia, while some other now former franchisees have either stayed on as Thrifty, changed over to other car rental brands or are in the process of establishing their own independent car rental brand.
Whether there will be any real material operational change with SIXT Australia (from how they usually did things under the Thrifty brand) or whether it’s essentially just a brand change (in the form of “same pig different lip stick”) remains to be seen. It is sincerely hoped that certain franchisees will take this opportunity of a clean slate in which to substantially improve their conduct and move on from some of their former practices (Including charging of fees outside of the written legal documentation and deliberately trying to deceive customers such as myself through the posting of multiple false testimonials pretending to be happy customers).
The Thrifty brand in Australia under it’s new structure has now been returned back to it’s parent Dollar Thrifty Automotive Group (DTAG) / The Hertz Corporation and now appears to be largely hitched in together with the Hertz branded locations through out Australia. In a nutshell, the people running Thrifty Australia as of now is not the same people running Thrifty Australia as of a few months ago. Continue reading “Former Thrifty Car Rental Australia operational structure now rebranded as SIXT Australia”
Facebook is indeed down. This includes their other properties as well such as Instagram, WhatsApp and Occulus. Looks to be a DNS or routing issue (Botched BGP setup).
Read more here… https://news.ycombinator.com/item?id=28748203 and here… https://arstechnica.com/…/facebook-instagram-whatsapp-and-oculus-are-down-heres-what-we-know/
In other news…
…water is wet.
It is why I have continually expressed concerns personally regarding allowing ourselves to collectively entrust too much of our lives singularly on the proprietary services of what is essentially is a single for profit driven entity.
Stream of consciousness 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 its own separate post…
Older Stream of Consciousness thoughts can be found here.
Just some notes to self…
Triple purpose, Canterbury Area Road Trip.
A little short walk, about 15 minutes from the car park down the base of the viewing platform. Now very quiet… only two families (at different times) were present during my visit.
Sepitone coloured skies in Auckland from the Australian Smoke fires at approximately around 6:00 p.m. No filter applied.
Update: 27 December 2019 – Have now received confirmation of a refund from A2 Hosting.
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At the same time of setting up my Digital Ocean droplet as part of the Early December site move, created an account with A2 Hosting on their shared “turbo” server (with “Performance Plus” add on), drawn in by the positive reviews on Webhostingtalk and their up to “20x faster” marketing along with their 66.6% off Black Friday Specials
I copied NUI.NZ to both a Digital Ocean Droplet and to my account on A2 Hosting (both at their respective Singapore data centers) to begin comparing the two. After some testing, discovered that the Digital Ocean droplet performed faster for my use case in terms of responsiveness, speed and consistency.
A2 Hosting’s marketing had led me to believe that I would have access to 2 CPU cores and 3GB of RAM on a burst basis versus the 1 CPU and 1GB set up with my 5 USD/month Digital Ocean VPS droplet.
Additionally, setting up their A2 Optimisation plugin they had developed for WordPress and then clicking “Optimize all” will crash even a shiny new and fresh install of WordPress into the white pages of death. If the aforementioned didn’t crash it, enabling Memory Cache on the WordPress instance will most certainly crash it. After much frittering around I did manage to get the plugin to work but only in rather limited situations I’ve found. It is my belief A2 Hosting should seriously consider removing the plugin as it is I believe impacting their brand.
I’m also a little bit disappointed with how they have structured their so called “any time” refund policy. Within 30 days, you can get a full refund, after 30 days however, what they will do is re-bill you at the regular rate for the rest of the paid up period then give you what is left. I struggle to think of anyone who will be (willingly) paying regular rate given the performance I’ve seen of their shared hosting product. I have to admit, this has darkened my regard I have towards the A2 Hosting brand.
I have now requested a cancellation and refund under A2 hosting’s 30 day risk free policy. Given prior experience with Shared hosts and my impression of some of the way A2 Hosting do things, I don’t have enough faith to see out the full 3 years with them
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I have to admit, over the years, I’ve started really souring of Shared hosting in general and believe it should be left for only of the most insignificant of web projects (Personal websites). Sure, if you are a largely a neighbourhood bricks and mortar (Vet Clinic, Dentist, Hairdresser, etc) business and just need a site with a handful of static pages (and may be a blog, but would argue at a stretch) then Shared Hosting may be Okay.
If on the other hand you’re a business who is almost entirely dependent on the web, it should go without saying you shouldn’t be using budget shared hosting… ever. Unfortunately, I see many businesses and online only retailers for what ever in their right signing up for shared hosting, installing Woo Commerce / Presta shop and once their site goes down or goes slow, they are seen screaming to high heaven on all the support channels and web hosting forums begging for a resolution.
In the latest round of website maintenance issues… In the latest version of Chrome, v79 for Android, it was found the Tiled Galleries weren’t displaying / resizing properly anymore and were ending up being cut off on the right hand side. The funny thing was that the Desktop and iOS variants of Chrome (v79) were unaffected. Similarly, all the other browsers (Such as Brave and Firefox) on Android would display the same galleries fine.
Decided to try and debug it. After much blooming mucking around trying to get Chrome PC DevTools to recognize my phone. Managed to start walking through the code and identify where it was flipping out… but not necessarily understanding why.
All I know was at the highlighted line, it would skip right out without error. Often at the same time it would cause my USB Debugging / ADB connection to the phone to die, requiring me to revoke all Debugging access permissions on my phone and then trying to re-authorize the connection to get it going again.
The section of code checks if all the images have been loaded up prior to executing the actual resizing / re-scaling of the Tiled Gallery images.
Anyway, have since identified and implemented a workaround in code and I am now testing it out on all the browsers I have access to. I am thinking however that this isn’t anywhere near the last of the challenges I will be facing while maintaining my own web presence and services going forward (as opposed to relying on Facebook / Instagram for that). Facebook have whole dedicated teams to troubleshoot shit like this.
The theme has been the same for years. If the legion of economists and financial experts are to believed, the markets are over valued, the world is awash with money. We are totally hooked on cheap credit and a crash is imminent, but this ‘crash’ never ever seems to come. Indeed, even with me, my feeling is that a sizeable financial correction is extraordinarily well past overdue. The thing I feel hasn’t be covered in great deal is how might such a financial crisis end up being triggered? Hardly anyone I feel has actually really covered this in a great deal of depth.
It appears that as long as central banks keep “printing” Money (from thin air), this action appears to be very supportive of equities and the property market and is insulative of any world Crises that may ordinarily spoke the market. Unless anything untoward happens, Asset prices such as equities and property prices I feel will continue to escalate and may even accelerate in the short to medium term from here on in. There seems to be NOTHING that will cause a crash as long as central banks and commercial banks keep creating money and pumping it into the system by way of Fractional Reserve Banking.
There are however underlying risks at any time that can seemingly jump out of the blue and come bite everyone in the arse. When such an event will happen I believe it’s anyone’s guess as to when such a catastrophic event will happen and ultimately such an event is outside our ability to predict with any sort of usable accuracy. A correct prediction by anyone would basically be down to pure chance / luck. Statistically, someone will undoubtedly guess correctly and may get fawned over by the masses looking for any sort of answers as being some guru who had some insight.
The way the system is currently structured, if and when something does occur to be sufficient to get the boulder moving. The subsequent chain of events is going to be absolutely devastating. Once say a bank fails, there is a tendency for others to collapse along with it. Loans may be recalled, Entities stop investing, money stops flowing, More loans are recalled, People get laid off, Home owners may be forced to sell into a sliding market, trigger more loan recalls, panic selling ensues, Sell stops are triggered on stocks dumping more equities into the market, ultimately an unstoppable panic driven chain of events will be happening feeding upon itself in a frenzy and will undoubtedly drive asset prices to absurdly low levels.
So far the ‘Risks’ factors that I can see that may sufficiently trigger a crisis at some point.
The reality is, I feel we haven’t learned very much if at all from the 2008 Global Financial Crisis. The credit and liquidity bubble I feel is a lot more lofty today than it was back in 2008 before the brown stuff had hit the rotating blades of the air-distribution device. The last run up of asset prices have almost, I feel, has been entirely credit driven and along with artificially low interest rates.
Indeed, with no end insight to current trajectory of asset price inflation from ever loosening monetary policy. Have been cautiously investing back into the equity market for the last 3 years.
Have up until recently been focusing my investments primarily towards REITs and Property Stocks, however, it would appear that ship suddenly sailed away from the start of this year catapulting the unit prices across the New Zealand REIT basket from below Net Tangible Asset Ratio to well above it. Additionally, prior was getting yield of 7% pre-tax on that sector, however, this has completely sunk down to a mere 3% dividend yield. Will cease adding any more to that sector and will be cancelling all Dividend Reinvestment plans, I feel this sector is now largely over valued.
The only other near term opportunity I can identify is possibly in some stable higher yielding companies, both here and abroad for which there are still plenty.
That said, am keeping a close eye on the pulse of the global economy. I think regardless though. If and when the next crisis comes and in spite of any safe guards taken, I’m still going to be reamed in some way whether I like it or not.
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TL;DR – Financial System no longer obeying usual economic fundamentals. Unprecedented Flood of liquidity sees us potentially on the cusp of a relentless rampant run up in Asset and equity prices. The bubble may be about to inflate even more and faster than it has in the recent past. If something of sufficient severity does managed to spook the market and snow ball, then expect blood on the streets.
Typical empty store in the township of Turangi…
