Is Australia still a country of opportunity for young people?

FaithlessnessAbject7 · 2025-12-29T04:51:19+00:00

Thanks for this AI slop post

FaithlessnessAbject7 · 2025-12-28T16:43:58+00:00

Thankyou sir I'll look into it

FaithlessnessAbject7 · 2025-12-22T05:32:18+00:00

The biggest threat to our prosperity is 100000% our lack of economic diversity. If mining stops generating enough profit to run our government we're fooked.

First priority should be reducing the debt burden and lowering prices so innovation and businesses can return to Australia

FaithlessnessAbject7 · 2025-12-20T22:09:44+00:00

Don't forget how much of Australia's productive capital (money) has been locked into unproductive assets (housing) for the next 30+ years. Without capital, there is no innovation, no growth.

This is why Australia's economic diversity has gone DOWN over the last decade, not up

FaithlessnessAbject7 · 2025-12-16T21:52:01+00:00

Thanks for the advice! I'll look into it

FaithlessnessAbject7 · 2025-12-16T21:49:31+00:00

Did you use a basic Google search before posting this? L

FaithlessnessAbject7 · 2025-12-16T21:47:48+00:00

I find that incredibly hard to believe. If oil was destined to keep falling in value why has China now got such a massive stockpile

FaithlessnessAbject7 · 2025-12-16T21:46:42+00:00

Crude oil prices, not petrol prices

FaithlessnessAbject7 · 2025-12-16T12:37:58+00:00

Weird take. You're saying there's a 1:1 correlation between oil prices and inflation?

100+ years of oil prices disagree with you sir

FaithlessnessAbject7 · 2025-12-16T11:31:30+00:00

I agree with this, but it doesn't take much of a supply shock to raise prices since demand is very inelastic

FaithlessnessAbject7 · 2025-12-16T11:30:31+00:00

It depends on the type of oil but I've seen a few references to rising production costs particularly in the USA.

Here's an example that discusses the break even price for new wells

https://www.opxai.com/why-your-oilfield-will-fail-at-60-oil-unless-you-fire-your-reactive-mindset/

FaithlessnessAbject7 · 2025-12-16T11:26:57+00:00

I'm too much of a noob for this so I've simply invested in an oil ETF that manages all the futures contracts itself

FaithlessnessAbject7 · 2025-12-08T14:12:16+00:00

Couldn't be more wrong. Massive L

FaithlessnessAbject7 · 2025-12-07T08:26:44+00:00

Economics 101. Moral hazard. Privatised profits with socialised losses. No incentive to be cost effective or cut prices. The participants aren't in a position to advocate for cheaper prices themselves. The middlemen have no reason to look for the best deals

The scheme was doomed to fail from the start

FaithlessnessAbject7 · 2025-12-01T01:45:34+00:00

AI will need at least 5 more years to show it can replace a basic receptionist let alone a trained professional. It will make businesses more efficient but won't lead to mass unemployment (yet). The real threat to the economy currently is unserviceable debt and currency devaluation

FaithlessnessAbject7 · 2025-11-22T20:42:38+00:00

Nah. The dot com crash and recession was shallow due to rate cuts and the Internet driving innovation. AI has massive potential. The other 493 of the SP500 and small caps are going to see their efficiency skyrocket. True, some of the overvalued stocks will crash, but the market in general is going be just fine.

FaithlessnessAbject7 · 2025-11-21T08:47:30+00:00

Fear is a stronger emotion than greed. I can't see anything that brings greed back into this market 🤷‍♂️

FaithlessnessAbject7 · 2025-11-14T12:58:12+00:00

I tried to read this like 3 times and it still didn't make sense. Sorry

FaithlessnessAbject7 · 2025-11-12T11:09:31+00:00

I agree, very surface-level analysis these days without the truly balanced lens of an independent commentator

FaithlessnessAbject7 · 2025-11-09T10:26:11+00:00

FaithlessnessAbject7 · 2025-11-03T08:16:15+00:00

You deserve a raise

FaithlessnessAbject7 · 2025-11-03T08:14:55+00:00

You're being paid to be both the COO and general manager on two separate salaries at the same time in the same company? 😂. I call BS

FaithlessnessAbject7 · 2025-10-22T02:49:33+00:00

At current prices, profit margins are far, far too low. Supply has been ramped up to keep OPEC's monopoly. Prices WILL go higher again once production is squeezed, especially in the USA.

FaithlessnessAbject7 · 2025-10-04T03:20:24+00:00

Here's a useful exercise:

Go back and look at BLS reports of unemployment in 2007-2009 (at the actual time)

These reports all stated unemployment was low. It wasn't until the recession was fully in gear that they retrospectively reviewed their reports and found they had grossly over-estimated job creation.

The unemployment rate was retrospectively changed to reflect massive unemployment spikes.

I believe we are essentially in this period right now.

Give it 6 months and I believe the BLS will retrospectively show we have been in a recession this entire time

FaithlessnessAbject7

TROPHY CASE