Archive | October, 2008

Unfair airfares.

29. October 2008

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I want a one way non-stop ticket from Los Angeles to Auckland.  Air New Zealand will charge me more for this, than if I book London Heathrow to Los Angeles then continued on to Auckland.   Why?  I don’t know. Yet the exact same flight from Los Angeles to Auckland costs almost 150 more. I know [...]

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Cheap butter, bad news.

23. October 2008

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An article published by the Reserve Bank in 2007 commented on the rise of dairy prices as “very good news for the New Zealand economy”. Is it therefore fair to argue that the recent precipitous drop in dairy prices is “very bad news”. The price drop will worsen New Zealand’s trade deficit, and suppress domestic [...]

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Flip Property

23. October 2008

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Two Jim the Realtor posts in a row, I’m a fan! Real estate investment has been one of the worst performing asset classes over the last few years. Some brave people though are buying cheap foreclosed real estate, doing some quick, cheap remodelling and putting the house back on the market for a significant mark [...]

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San Diego real estate.

23. October 2008

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The origins of the recent financial crisis are traced back to real estate in places like California. I’ve read a lot about it, but these videos from Jim the Realtor provide some colour, plus his sarcastic comments are funny. More here

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Does an abyss have a bottom?

23. October 2008

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Picking a bottom to the recent stockmarket travails is a risky move for professional money managers.  Barry Rithotlz from the excellent The Big Picture blog hasn’t done that, but he has presented pretty charts that may make you entertain the idea. The above graph illustrates that only 4 times, 1929, 1973, 2002, and 2008 has [...]

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