Hard News: Slumpy Cashflow
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LOL, this on a page about consuming nutmeg and absinthe?
Ha, organic gardening, herbal medicine, and weird drugs. "My body is a temple, here's a cool way to fck it up". It's like a Green Party conference in here.
But without the dancing.
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Email Web
Same here. Anyone want some? Gave away bags and bags last year.
Yes please, do you eat fish?
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In light of your success with Samsung Russell:
There are people who have lost their savings, and ...
Can someone in the media ALERT THE PUBLIC to the latest attempt by Colonial Capital Corporation Ltd a.k.a. David Tweed to convince kiwi investors to part with their shares for MUCH less than market value.
I have TODAY recieved a set of documents from CCC Ltd that, amongst the gobbledy gook, says it will buy my shares in Rio Tinto for $16,000 - at the same time admitting the current market value of the shares is $26,000! All I need to do is sign the form and send it back and the cash will be in my account in 7 days.
Tweed has amassed a multi-million dollar fortune through similar offers both here and in Australia. It is important to recognise that what he is doing is not illegal and NOT FRAUD. He simply finds out via the share register who owns the shares he's going after and sends out an official looking document asking people to sign and sell. Within the document he has acknowledged the market price of your shares and suggested you get independent advice before offering to sell.
If you know of novice, naive or elderly investors who may have recieved this offer from CCC Ltd it would be nice if you alerted them to the low offer he is making. By selling the shares on the open market (most banks can sell your shares via an online account) you will get a much better rate. Even phoning a share broker in the Yellow Pages will still be less expensive than selling to CCC Ltd.
Whilst people who have sold their shares to CCC Ltd in the past for significantly less than the market value may later feel 'cheated' or 'ripped off' or claim they were 'confused' by the document, the Courts have ruled that CCC Ltd have not broken any laws.
So whilst most people would presume one would READ ANY PURCHASE OFFER CAREFULLY clearly there are many who don't, given the number who have in fact sold their shares to CCC Ltd for significantly less than market value.
Righto, thankyou for your time, back to topic ...
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Hell yes, but not from shops. Sounds like a great trade.
I have to admit that technically the feijoas are not mine (ha ha). There's an old, overgrown and abandoned orchard behind our place. I watched the fruit rot the first year I lived here and in the last two years I've been the only one taking the fruit. I don't eat many feijoas myself but have given them to neighbours and workmates.
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Steven said "On the subject of Auckland's pessimistically perceived accommodation problems, house boats?"
Not a silly idea.
The marinas only own a right to the posts so as long as you don't tie up to the post its free to drop anchor in the marina.
Free accom at the Vaiduct!
I'm twisting an RMA ruling a bit here. The ruling was that the marina only had to apply for a right for the seabed that the posts took up and not the total area of the marina or water within it.
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Dam you international observer
! I was in the process of negotiating a lucrative feijoas deal At below market value
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I have to admit that technically the feijoas are not mine (ha ha).
OK, time we all came clean, I don't actually have any fish, But I do have a boat.
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Okay, you have three weeks to front up. After that, harvest is over.
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The marinas only own a right to the posts so as long as you don't tie up to the post its free to drop anchor in the marina.
The marinas aren't all that expensive. The rents are normally electricity inclusive and some have telephone cabling, even dunt,dunt, tada**!** fast broadband to the boat.
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Oh ... I also have some spare bottles of absinthe if anyone's interested.
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"Can someone in the media ALERT THE PUBLIC to the latest attempt by Colonial Capital Corporation Ltd a.k.a. David Tweed to convince kiwi investors to part with their shares for MUCH less than market value."
that should be front page news.that's fucking mental.
"Not a silly idea. The marinas only own a right to the posts so as long as you don't tie up to the post its free to drop anchor in the marina."
Put your babies on a boat man, I find them hard enough looking after them on land and i have lot's of help.. I can't see it as the ideal family home.
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Hey Geoff , are you the same guy who used to be at Otago Uni - I used to enjoy your lectures ... if you are?
'fraid not. I have only put in an occasional appearance at Otago.
(even though I don't want to turn this blog into Trade and Exchange)....
If any one is passing through Hamilton East in the next two weeks and wants to travel on with a bag of feijoas, just bung me a message at lealand@waikato.ac.nz (but not between April 14-24 as I will be in Japan) -
Email Web
Che, got any feijoa jam recipes?
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What do you all think? Are people just spooked, or are there really hard times ahead?
Well, seeing as you asked ...
I think there is a serious problem with, not just confidence, but investment and credit. That'll rattle around the system for a while (watch for the flow on effect to commercial property, apartment development and business startups), but is fundamentally short term. The underlying factors are good, so things should come right, but maybe not for 18 months.
The housing thing is really interesting. As the overcrowding issue shows, it is fundamentally a supply side problem. Regulation restricts supply and increases costs. The RMA, OSH, Building Act local government red tape, all have a direct flow on effect to new house prices, and thus indirectly to old house prices. It ain't going to change.
Also, with housing, it is slumping because (1) there is a loss of global confidence and (2) the government has turned off the immigration tap. That last one is really interesting! I reckon the government now uses immigration like the OCR - as a macroeconomic lever, but without the consideration and control that goes into the reserve bank. That's pretty scary.
So I think we'll get a return of global confidence, tax cuts, the immigration tap turned back on - all in 2009, and we'll be back into a boom; probably an over-correction due to the kneejerk nature of macroeconomic immigration decisions.
(But all IMHO - your mileage may vary, seek independent investment advice, and sell me your children by return post)
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Anybody grow trees?
I've got coupla hundred nikau's potted up, grow native grasses like, well, it's grass (take a few sead heads from a plant or two and chuck them in a tray of seed raising mix and you should get 50 plants plus in no time, I just potted up 75 and there's about 20 more and that's just from one seed tray, they are big enought to plant out in about a year), have just managed to get a coupla dozen whau to germinate, am trying on some flax at the moment and have several Kauri and Titoki growing.
can't eat em but they look nice.
anybody wanna buy some carbon credits off me? ;)
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(But all IMHO - your mileage may vary, seek independent investment advice, and sell me your children by return post)
Couriered or in a small envelope with a 45 cent stamp (she should fit)?
I want her back though when she gets to working age (what age are children big enough to get their hands into the kitchen sink and push a lawnmower?).
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I think there is a serious problem with, not just confidence, but investment and credit. That'll rattle around the system for a while (watch for the flow on effect to commercial property, apartment development and business startups), but is fundamentally short term. The underlying factors are good, so things should come right, but maybe not for 18 months.
How do guess 18 months? How do you know how long it takes?
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(even though I don't want to turn this blog into Trade and Exchange)....
If any one is passing through Hamilton East in the next two weeks and wants to travel on with a bag of feijoas, just bung me a messageGeoff, as it happens, yes I will be travelling past Hamilton East with feijoas in the next couple of weeks. I am trading with my uncle for honey while at a work-related conference.
You can reach me at my name with dot in middle at gmail.
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Yamis: Sounds cute. NZPost Courier please.
Jeremy: Ummm. Informed guess. Assuming we're not heading for a massive international crash (which I don't think we are). Partly it's a calculation about when tax cuts will be implemented and the immigration lever turned back on. That's a political timing thing. Partly it's a calculation about when lenders stop getting spooked. They are plenty spooked at the monent, but those Chinese, those Belgian Dentists, those Aussie Super funds, that Kiwisaver, that Cullen Fund - they've got to get the money out somewhere, somehow. It'll start coming back, credit will improve, and happy days will be here again. :-) As others observed, it's not like the fundamentals are bad.
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can't eat em but they look nice.
Yes, you can eat the nikau's. Pluck out the growing tip, yummy raw. Or you could chop open a trunk and eat the soft center.
However, our best economic predictions, forecast the speedy return to the carefree living we haven't yet departed .
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"Partly it's a calculation about when lenders stop getting spooked. "
Thanks malcolm.
That's the guys I get pissed off at, lenders and the way they get the spooks all the time .We know the market likes a good crash now and then and we ask them basically to pick it for us ; and they fail everytime.I wish I could tell my customers I've got the spooks after I totally fucked up but I don't think I've ever misread a market that badly.. Their industry screws up and we all feel it.Doesn't make sense?
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The marinas only own a right to the posts so as long as you don't tie up to the post its free to drop anchor in the marina.
You can't anchor in any marina that's in a port, it's against the law. The marina authority will get you to move your boat, and if you don't, it'll be moved for you, and possibly confiscated.
And other boaties in the marina will also take matters into their own hands if you're blocking their access in and out. You might suddenly find your boat anchored near some rocks without a stern line.
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Their industry screws up and we all feel it.Doesn't make sense?
Ah, I think it's just human nature. Human nature combined with the natural incompetence that arises from people trying to hit their quarterly targets at any costs. Terrible system. Don't know of a better one.
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Terrible system. Don't know of a better one.
Someone would.It's just the banking system. Its not the real work.
it's admin.It's just the movement of money, vatican like in it's invinciibilty as a system but as rationally corrupt '
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