over9k
So I didn't tell my wife, but I...
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Correct. Public sector jobs funded by debt. Masking everything, until the piper has to be paid.
Trump Era 2025-2029 : Stock and Economic Comment
- Thread starter Garpal Gumnut
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Dona Ferentes
Did the Thessalonians write back?
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Am trying to find an article, but no joy yet, that said not only house prices but we excel at fund managers.
but that could go in the "what's great in Oz" thread
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Yes so true, I was focusing on blue collar, I guess white collar work has more margin and tends to be Government work, so that would be high growth. LolAm trying to find an article, but no joy yet, that said not only house prices but we excel at fund managers.
but that could go in the "what's great in Oz" thread
Then as you say fund managers, skimming their take.
As long as the hamsters keep peddling, life's good, for some.
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Are people on ASF still pretending this is ok ?
First, They Came for Jimmy Kimmel
What happens when comedians are held to stricter standards than vice presidents?
Jonathan V. LastSep 18, 2025
(Composite / Photos: GettyImages / Shutterstock)
1. Comedy
First things first: Jimmy Kimmel is only the second late-night comedian to be a casualty of American Orbánism. But before we get going, I want to note an observation from nine months ago, just three days into Trump’s second term:
Seth Meyers: You are officially on the clock.
Here is why Jimmy Kimmel has had his comedy show
In response, Brendan Carr, the chairman of the FCC went on Benny Johnson’s podcast—and please, just live with that fact for a moment—and announced that there was a “strong case” for the FCC pursuing action against ABC / Disney.
ABC thought about this threat for a couple hours and then yanked Kimmel. I suppose they thought they were choosing the easy way.
2. Standards
From a Talmudic perspective, every word Kimmel said was factually true. MAGA media had been trying to characterize the suspect as anything other than conservative. They had been doing this since before a suspect had even been identified.If you wanted to hold Kimmel to a journalistic, rather than a comedic, standard, then I suppose you could argue that Kimmel misled viewers. By saying that MAGA had been trying to portray the killer as not being a conservative, you might argue that he was leading viewers to infer that the killer was conservative?
I have noticed over the last 72 hours or so a sudden demand that all statements and observations concerning the Kirk murder be factually, incontrovertibly, true.
It is important to note that this standard seems to have been put in place shortly after MAGA media ran around circulating unconfirmed rumors and speculating wildly about the shooter’s identity before Robinson was arrested.
Anyone who makes a statement that turns out to be less than fully accurate, or who makes a joke, or who—God forbid—is just asking questions is now liable to have not just a Twitter mob, or their private employer, but the full force of the federal government brought against them.
Do people understand now what the authoritarian project is aiming for?
I realize that I am exceedingly hot, but this is a moment that demands both new thinking and solidarity. A moment to find your people, link arms, and stand up. I’d be honored if you’d join us here, right now.
3. Asymmetry
People of good will should endeavor to get facts right. When they make errors, they should correct them. Trafficking in conspiracy theories is toxic. Making things up is dishonorable.But what happens in a society where one side is required to operate at all times and in all places in perfect good faith and the other side faces no such constraints?1
Almost exactly a year ago, Donald Trump stood on stage at a presidential debate and claimed that Haitian immigrants in Springfield, Ohio, were abducting and eating their neighbors’ pets:
This was false. Entirely false. Totally untrue. A lie.
Seven days later, JD Vance went on CNN and admitted that the story was a lie. That it was made up. And he justified his deception as part of a greater mission:
Please read that again:
“If I have to create stories so that the American media actually pays attention to the suffering of the American people, then that’s what I’m going to do.”
So please, cry me a river about this administration’s deep devotion to truth and accuracy.
And they’re doing it again, by the way.
In the same afternoon that ABC was given the choice of canning Kimmel in either “the easy way” or “the hard way,” Vice President Vance created another story. He said that under Christopher Wray, its former director, the FBI, “should have been investigating the networks that motivated, inspired, and maybe even funded Charlie Kirk’s murder.”
What “networks” that “maybe even funded Charlie Kirk’s murder” is Vance talking about? No evidence—nada—has come to light suggesting the shooter had any accomplices or partners, let alone the backing of a “network.” The evidence released so far suggests the shooter acted by himself.
You tell me who misled his audience more: Jimmy Kimmel the comedian, or JD Vance the vice president.
I understand this is a dog-bites-man story: Trump, Vance, and their propaganda networks do not operate in good faith. They are authoritarians and do not see themselves as bound by society’s rules because their aim is to break society and then dominate it, indefinitely.
And I would not go so far as to say that the forces of liberalism ought to stop operating in good faith. They should still strive to be truthful and accurate. They should correct their errors. They should eschew conspiracy theories.
But for the love of God they should stop treating MAGA like a legitimate movement that is playing by the same rules as everyone else. Regular order is over. That clip of JD Vance admitting that he’s happy to “create” stories ought to play in front of literally every single discussion of Jimmy Kimmel.
The people operating in good faith need to stop self-flagellating over their mistakes and surrendering preemptively.
They need to look up and realize what time it is.
Because if Disney doesn’t want to fight over the independence of its news division, or the content of its animated movies, or the hiring policies at its theme parks, then it ought to line the **** up behind Jimmy Kimmel, right now.
Capitulation isn’t the easy way. It’s the stupid way.
The easy way—and the smart way—is to make the fascists fight for every inch.
Leave a comment
1
When I say “is allowed” I mean by voters. Voters are the ones who have decided that Democrats must play perfect baseball and Republicans face no consequences for any depredation, up to and including insurrection.
First, They Came for Jimmy Kimmel
What happens when comedians are held to stricter standards than vice presidents?
www.thebulwark.com
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Three things:
Look in the mirror and do some self reflection.
Then say these words "it's only good when my side does it".
Americans have stopped watching ABC, CBS and NBC, they are going broke. It was the perfect opportunity to cut costs.
p.s. I didn't need a Wall of Text and jump through ten hoops to figure this out.
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No.
But I did warn everyone years ago where it was heading with censorship, gagging free speech and so on and at that point it had nothing to do with Trump:
Israel Folau - Breach of contract or right to free speech?
No doubt Folau's comments were offensive to some people but the question I have is how much rights should an employer have to regulate the private lives of their employees ? Folau's religious convictions have no impact on his ability to play football which is what he is employed to do, so why...
www.aussiestockforums.com
My point isn't the detail but more about the timing. That thread was 6 years ago.
I won't dwell on the politics noting this is an economic thread but my point is simply this trend has been in place for quite some time. It's been slowly but surely gathering momentum for years now and what we're seeing now could be compared to a secular bull market having come to public attention - in truth it's been running for years.
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For a stock that comes to mind, News Corp.
Traditional news media that many would dismiss as yesterday's company. I'll let the share price chart do the talking but point is this isn't a new trend, it's been going on for quite a while now, well before there was any serious thought of Trump being re-elected:
Traditional news media that many would dismiss as yesterday's company. I'll let the share price chart do the talking but point is this isn't a new trend, it's been going on for quite a while now, well before there was any serious thought of Trump being re-elected:
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A little more on the Tricolor bankruptcy.
The WSJ made the following observations.
this problem arose during the Biden pesidency rather than Trump.
However, this observation is aimed squarely at the unintended consequences of Trumps economic/political decisions.
How many of the forced eportations of undocomnted migrants are leaving abandoned cars and autoloans?
Mick
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It's not just the borrowing to buy cars but they got loans with terrible interest rates because they are lazy/ignorant. Add on top of that they got small loans to pay for credit debts that mostly consisted of paying for door dash, temu and high rent.
It's interesting to watch people like Caleb Hammer on youtube, once you get past the entertainment side, and see the same problem of people living beyond their means and using multiple credit facilities to get themselves in to massive debt.
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No I don't think it's ok.
But weren't Kevin Rudd and Malcolm Turnbull going after Murdoch's licenses in Australia?
Media in both the US and Australia are too concentrated in the hands of a few and need to be broken up.
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Back to Economic and Stock content!
Trump announces US and UK deal to work on building Nuclear Power Plants in the UK.
Trump announces US and UK deal to work on building Nuclear Power Plants in the UK.
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and a bit like Santos with our PM slapping another layer of Green muvk:
ABC there in the middle of a takeover job so better tread safe:
but to be honest, i tried watching Kimmel a while back and not for me, nor for a majority of people there ot seems
i wish our ABC could do the same it, as i pay for it regardless i watch it or not, but that's too much asking
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What rose?
Non housing debt or debt in total.
Its kinda hard to see how much change in pink bit of debt of debt of which auto loans is but a subset.
Mick
JohnDe
La dolce vita
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It won't surprise me if we see a Labor government implement a nuclear power strategy in the near future.
Funny how the left ignore hustory when it suits them -
UK Prime Minister Margert Thatcher, September 1988: “We must look beyond the fossil fuel era”, Thatcher said, stressing the risks posed by changes in the world’s climate. And the only truly reliable, cost-effective alternative to fossil fuels was “nuclear power .."
Climate change: Thatcher saw it but she warned us about zealots
It is one of history’s many ironies that the leader who put climate change on the map was Margaret Thatcher. Her training in science stimulated her interest in the area; and on top of that, she was strongly supportive of nuclear energy, which was under intense attack after the accidents at Three Mile Island and Chernobyl.
Those issues merged in an address to the Royal Society in September 1988.
“We must look beyond the fossil fuel era”, Thatcher said, stressing the risks posed by changes in the world’s climate.
And the only truly reliable, cost-effective alternative to fossil fuels was “nuclear power, which – despite the accidents at Three Mile Island and Chernobyl – remains a safe, proven source of energy if properly managed”.
Barely a year later, Thatcher repeated her warning in a high-profile address to the United Nations General Assembly.
Unless the threat of global warming was addressed, she told a packed auditorium, “change in future is likely to be more fundamental than anything we have known hitherto”.
Thatcher’s call to action played a crucial role in triggering the vast international effort that continues to this day. Yet her scientific background ensured that she was acutely aware of the uncertainties long-term climate forecasting involves.
She therefore advocated great caution in setting mandatory targets.
But as the Albanese government launches its latest round of emissions reduction commitments, which come accompanied by vast budgetary outlays, any sign of caution seems to have melted away.
And so too has any appreciation of the relationship between those commitments and the outcomes they are likely to achieve.
Thus, going by the government’s own pronouncements, averting climate change requires swingeing cuts in global emissions.
But with the world’s largest emitters effectively resiling from the process, and few reductions elsewhere, it is entirely unrealistic to believe those cuts will occur – which must raise the question of why Australians should make the onerous sacrifices the commitments entail.
To claim our efforts will lead others, notably the developing countries, to do likewise is unconvincing.
On the contrary, the willingness of countries such as Australia to bear enormous costs for the sake of reducing emissions has merely encouraged developing countries to demand ever larger payments for the paltry efforts they might undertake.
Foolhardy gestures
As a result, the only remaining justification is the one Kevin Rudd famously articulated when he called climate change “the greatest moral challenge of our time”.
Seen in that perspective, reducing emissions is simply the right thing to do, regardless of its probable consequences. Yet that justification cannot withstand careful scrutiny.
It is true that we often commend actions that have a low probability of success – such as the dangers a swimmer might bear in attempting to save a child at imminent risk of drowning. But even in that case there is a difference between heroism and foolhardy gestures that are almost certain to increase the extent of the tragedy.
In fact, no one more fiercely castigated those gestures than Immanuel Kant, who was surely the sternest of moralists.
Yes, he wrote in The Metaphysics of Morals, cultivating a concern for others is a duty we owe ourselves, because it makes us better people; but the exercise of that concern has to be strictly circumscribed by whether the actions we undertake are reasonably likely to be practically efficacious.
It is, for example, obvious that “when another suffers and, although I cannot help him, I let myself be infected by his pain, then two of us will suffer”. And this, he insists, is completely absurd: “There cannot possibly be a duty to increase the ills in the world.”
But it is even worse than that, for the major effect of the “insulting kind of beneficence” that pursues pointless endeavours is to induce a smug sense of self-satisfaction, undermining the very virtues the cultivation of a genuine concern for others is intended to promote. Inefficacious actions, carried out under the banner of beneficence, pave the road not to glory but to vainglory.
All that suggests the focus should be on adaptation, rather than mitigation. In effect, if we invest in mitigation, and many far larger emitters do not, we will be doubly poorer: as well as the costs of reducing emissions we will have to incur those of adapting to whatever change occurs. In contrast, a cautious policy of adaptation could yield benefits even in the unlikely event that global mitigation had some effect.
But any adaptation strategy needs to be sensible; unfortunately, that set out in the just released National Climate Risk Assessment is not. Entirely unsoiled by any comparisons between the cost of proposed interventions and their benefits, its heavy-handed recommendations are questionable at best, deeply harmful at worst.
Prime Minister Anthony Albanese and Minister for Climate Change and Energy Chris Bowen speak to media about climate targets on Thursday. Picture: NewsWire / Flavio Brancaleone
The suggestion that building codes should be greatly tightened is a case in point.
Despite projecting massive falls in property values, and equally massive increases in insurance premiums, for properties exposed to climate risks, the report blithely assumes – without ever mentioning the assumption, much less demonstrating its validity – that builders and property owners will not have adequate incentives to “climate-proof” their own asset.
Quite why that would be so is a mystery; but even were some regulatory compulsion required, the contention that building codes ought to be geared to extreme outcomes simply does not follow. Rather, given the substantial uncertainty that pervades the forecasts, the goal should be to enhance the housing stock’s ongoing adaptability: that is, to ensure new structures are constructed in a way that increases the ability to adjust as the extent of the uncertainty narrows. To do otherwise risks incurring needless costs, pushing already excessive housing prices further into the stratosphere.
That error and many others are symptomatic of a policy that, having lost any credible purpose, has enveloped itself in increasingly apocalyptic rhetoric, accompanied by increasingly drastic proposals. There is, in that strategy, an element of logic: after all, the greater the threats, the greater the effort that should be made to avert them.
But the strategy is ultimately self-defeating: for having conjured up those fantasies any practical response seems pitifully inadequate, provoking insatiable demands for measures that go further yet.
Even imitating George Santayana’s fanatic, who “redoubles his effort when he has forgotten his aim”, cannot suffice; once a competition in self-flagellation gets under way, no strip of flesh can be left unmortified.
Little wonder rational discussion has become impossible, ruling out, for example, a sensible debate about the role of nuclear power. And little wonder too that Thatcher, in her later years, lamented the “zealotry” that had come to mark “the doom-mongers’ favourite subject”.
Far from reflecting the science, that zealotry was, she said, the antithesis of the scientific attitude, which is questioning, undogmatic and empirically rigorous. And if long experience had taught her anything it was this: that “it is impossible to go on behaving sensibly while constantly talking nonsense”. With nonsense once more filling the air, it is high time both the government and the Coalition learnt that lesson.
Garpal Gumnut
Ross Island Hotel
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I remember reading this in the WSJ. A Biden initiative made worse by Covid and Trump. It's the American way, quite stupid borrowing which unfortunately is spreading here.
By the way, or btw as we say, what was all that Rubbish about a "comedian" called I am told Jimmie Camel. The poster @basilio says he has been sacked. So effing what. What in gawd's name has that got to do with anything related to investing that might interest ASF members ?
Bytes are like trees. there are only so many one can use before there are catastrophic consequences. Treasure every byte @basilio as each one causes global warming. Don't waste them on Camels.
gg
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Calm down @Garpal Gumnut, the days of Aussies having BS detector skills are long gone
Let's get back to Trump, Oil and Uranium.
Trump sees driving down the price of oil as part of the strategy to put pressure on Russia to end the war in Ukraine.
Trump is making deals for more Nuclear reactors in the UK and possibly other parts of the world.
CBS has been bought by someone more politically neutral, maybe ABC will be the same and NBC just needs to die. At least the shrinking CNN is adding a few smart conservatives to its roster but it is still struggling. I don't know how this affects Australian media which only seems to run the most biassed and out of date stories from these outlets. This is not an area of stocks I care about
STOCKS!
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Debt has still climbed under the Trump administration and it's going to get a lot worse. He's going to fudge the futrue figures anyway, that's why he needs to fire anyone who will release real figures to the public.
Last I looked, it was Student loan delinquencies that were the worst, not car loans.
Missed payments on student loans are rising faster than any other debt type and are even higher than in previous years.
According to data released Tuesday from the New York Federal Reserve, student loan balances became at least 90 days late at a rate of 12.88%. That is almost twice the rate of credit card debt.1
Federal Reserve Bank of New York. "Household Growth Remains Steady; Auto Loan Originations Pick Up."
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I guess in some ways its unsurprising that student loan defaults have risen.
Jou Biden announced a plan to forgive millions of student loans, though the reality of how many were forgiven may not have survived the headlines ( see AAP ) , they still cancelled about 184 billion before the supreme court and trump stopped it.
So if you have a student loan, and you see that some others have had their loan cncelled but not you, it may prompt one to just ignore the loan.
Mick
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has Russia actually stopped selling enriched uranium to the US yetCalm down @Garpal Gumnut, the days of Aussies having BS detector skills are long gone
Let's get back to Trump, Oil and Uranium.
Trump sees driving down the price of oil as part of the strategy to put pressure on Russia to end the war in Ukraine.
Trump is making deals for more Nuclear reactors in the UK and possibly other parts of the world.
CBS has been bought by someone more politically neutral, maybe ABC will be the same and NBC just needs to die. At least the shrinking CNN is adding a few smart conservatives to its roster but it is still struggling. I don't know how this affects Australian media which only seems to run the most biassed and out of date stories from these outlets. This is not an area of stocks I care about
STOCKS!
( i bet China will snap up any excess the North Korea doesn't need )
BTW China and Russia have been doing such deals for more than a decade
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