tag:blogger.com,1999:blog-4815867514277794362.post2846697688609351043..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Fish and chips in KiamaJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-4815867514277794362.post-1375152145568405702014-03-22T11:24:10.723+11:002014-03-22T11:24:10.723+11:00John, and anyone else who makes a comment about th...John, and anyone else who makes a comment about the difference in food prices in the States. We get paid MORE than what they get paid in the States! I visited and a waiter who was probably about 23/24, was getting $3.80 an hour (plus tips that he has to share with the bus boy). Here, you can at least pay your hefty bills and make a living being a waiter/waitress (maybe a 2nd job, or a partner with an income). John, perhaps you should migrate and stop whinging.Claudehttps://www.blogger.com/profile/02134404786252265982noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-68139619076334474292011-01-09T14:54:10.967+11:002011-01-09T14:54:10.967+11:00Hi John
Great post.
You inspired me to write a b...Hi John<br /><br />Great post.<br /><br />You inspired me to write a blog post...<br /><br /><a href="http://www.nickhac.com/2011/01/why-do-consumer-goods-in-australia-cost.html" rel="nofollow">Why do consumer goods in Australia cost 2X USA Prices?</a><br /><br />Why is Australia effectively double the price for consumer goods when income is nearly equal and the exchange rate is near parity?<br /><br />Great Blog BTW, ive added you to my BlogRoll.<br /><br />Nick HaC<br />SydneyNick HaChttps://www.blogger.com/profile/17258963726180223630noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-78475117397808959802010-12-30T14:29:04.866+11:002010-12-30T14:29:04.866+11:00Softserve Cone ( childs size) admittedly with a co...Softserve Cone ( childs size) admittedly with a cotton Candy flavoured dip, at Pallisades Mall in Nyack ( 30mins up from NYC) , USD3.75 today.<br />so Kiama prices are not 100% out of line. <br />Nyack has a gazzillion customers a day, every day. Kiama somewhat less and only in the summer. Its all a volume game and Aus with its distance issues and lack of market size will always be more expensive than the USA. Same problem is seen in the Bahama's, Bermuda, etc , anywhere you need to ship everything in for a small population.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-63830007257860423772010-12-19T11:35:03.102+11:002010-12-19T11:35:03.102+11:00This is why I am buying people portable hard drive...This is why I am buying people portable hard drives for Christmas. One terabyte of storage for the price of 12 ice cream cones. (When it reaches one ice cream cone per terabyte the singularity will have arrived.)Ronald Brakhttp://ronaldbrak.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-69773367771265958322010-12-18T18:53:02.255+11:002010-12-18T18:53:02.255+11:00John,
It's Ed from SPAN. Love your blog.
Agree...John,<br />It's Ed from SPAN. Love your blog.<br />Agree with your sentiments on the Aussie Dollar its getting crazy! I am now a Financial Planner and I am telling my clients to get into Unhedged Quality International stocks. The Aussie property party and Chinese Infrastructure boom will be over one day! Watch the fall in the Aussie!<br />EdAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-9354002053948042152010-12-17T15:46:16.078+11:002010-12-17T15:46:16.078+11:00For the person who noted that my take on inflation...For the person who noted that my take on inflation does not match the CPI - can I note that the price of EVERYTHING measured in AUD is falling except for Australian non-traded goods and services.<br /><br />Hence my obsession with icecream, laundry etc.<br /><br />JJohn Hemptonhttps://www.blogger.com/profile/03766274392122783128noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-12099988094679824332010-12-16T14:27:49.075+11:002010-12-16T14:27:49.075+11:00So should I open up a 24/7 ice cream cone store in...So should I open up a 24/7 ice cream cone store in Perth so all of those hot and sweaty miners can have a treat on their way home from work?Baskin (but not Robbin')noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-68313002598924252282010-12-16T11:46:39.838+11:002010-12-16T11:46:39.838+11:00I have this ongoing argument with my Mum about the...I have this ongoing argument with my Mum about the Australian housing/real-estate market and whether it's overheated or not. She used to work for <a href="http://www.fahcsia.gov.au/Pages/default.aspx" rel="nofollow">FaHCSIA</a>, and insists that housing prices in Australia reflect a genuine supply shortfall which the Australian housing industry has failed to adjust to. I would expect housing industry salaries to be a lot higher than they are if that were the case, though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-16511598409307422902010-12-16T11:10:25.225+11:002010-12-16T11:10:25.225+11:00I tend to agree John but what will bring down the ...I tend to agree John but what will bring down the bubble? The reality is that it has been too well managed for too long. From the "level playing field" tarriff reductions in the 1980's to the virtual elimination of govt debt starting in te 90's along with the massive improvement in tax collection, Australian govts have done better than many. <br />This is not to say there have been screw up's and risks but when you compare it to, say the USA, there is no comparison. <br />Given I have about half my assets in Hong Kong and the rest in OZ I guess you'd say I had better have good timing!Mikenoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-59648371747222743502010-12-16T00:33:40.842+11:002010-12-16T00:33:40.842+11:00oh I know Kiama!! used to live in the area 25 yrs ...oh I know Kiama!! used to live in the area 25 yrs ago ... and it was always expensive (sth coast of NSW is actually really nice!)<br /><br />I lived in Florida for 7 yrs and unless you go to Micky Dees for ice-cream ... you would be paying around %4 - $5 for an ice-cream there. Seeing as the min wage is $7.50 in Fl and the min wage in Aust is around $14 -$16 .. I know where my money will go further.<br /><br />And I can join the local golf course for $480 per yr and play in all the surrounding golf courses with no green fees!! There are expensive places to live in Aust. the wages are better - national health and there are some cheap places to live too.<br /><br />We like to look after our poor and sick - so if we pay a little more for stuff .. that's cuz we earn twice the min US wage at least. And I can deal with that. But I don't have any stress after moving back to Aust. - more relaxed, friendlier people and as much golf as I like for $480 per year. Now - wouldn't you like to move here too?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-47407113628509260432010-12-16T00:17:27.510+11:002010-12-16T00:17:27.510+11:00My family and I are planning on moving back to the...My family and I are planning on moving back to the Uk in the new year as it is too expensive here. The standard of living if you live close to the coast or central Sydney is fantastic. However the standard of living in Western Sydney is far below that of the Uk. With long commutes, too hot in summer too cold in winter and souless housing estates. <br /><br />Also there is a wage explosion in the offing, which I believe will make offshoring just too attractive and kill off large parts of Sydneys IT and financial industry over the next few years <br /><br />The mining boom just seems to be detrimental to SydneyAlnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-24637296876092753342010-12-16T00:05:36.046+11:002010-12-16T00:05:36.046+11:00BTW, over here in Austria, where I currently resid...BTW, over here in Austria, where I currently reside, in summer you can buy a small gelato (about half as much ice cream as the Kiama equivalent) for about 90 euro centsGareth Brownnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-47638631686199696162010-12-15T23:33:10.662+11:002010-12-15T23:33:10.662+11:00Hi John,
Long time listener, first time caller. I ...Hi John,<br />Long time listener, first time caller. I really appreciate the thoughts you've put down in your blog over the past year. And I certainly agree with you on the downside risk for Aussie investors. As I wrote <a href="http://blog.intelligentinvestor.com.au/doddsville/chanos-on-china/" rel="nofollow">on Doddsville</a> earlier today, it's starting to concern me that just about everything that concerns me is interrelated, and points to China. From an Australian perspective, issues like the overpriced housing market, overpriced currency (on a PPP basis) and dependence on foreign lenders could all come to a head based on a Chinese downturn. Well-bought foreign stocks that are relatively uncorrelated to the Asian boom looks like a smart hedge to me.<br />Keep up the good work.Gareth Brownhttp://blog.intelligentinvestor.com.au/doddsvillenoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-57038257918604023232010-12-15T22:59:58.428+11:002010-12-15T22:59:58.428+11:00John
what is the best way to move assets offshor...John <br /><br />what is the best way to move assets offshore if you're not an investing pro?<br /><br />Buy an international managed fund that is currency unhedged? What are the best ones?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-44094918897940174892010-12-15T21:52:37.856+11:002010-12-15T21:52:37.856+11:00'South of Sydney (hence with cooler water) is ...'South of Sydney (hence with cooler water) is the unfashionable part of the New South Wales coast.'<br /><br />Two pluses; unfashionable, and cooler water!<br /><br />Used to north years ago but there seemed to be more punters up there than in Sydney. We go to Broulee, or the Gerringong Werri Beach area adjacent to Kiama. You can walk mile-long beaches down there and not see a soul. <br /><br />That's a holiday.Glenn Condellnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-27967477247085158972010-12-15T20:07:34.440+11:002010-12-15T20:07:34.440+11:00What if currency speculators are more right than t...What if currency speculators are more right than the wage setters affecting cafe prices? Perhaps new grads should think twice before rushing into beach dining.<br /><br />Look at Japan, price levels have been adjusting down for decades to match the yen rate, which just keeps rising in the long run. Can somebody please tell me whether PPP is more useful in predicting changes in prices or exchange rates?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-37318981419668789432010-12-15T16:12:09.071+11:002010-12-15T16:12:09.071+11:00John,
In the States, $1.79 USD will get you a tw...John, <br /><br />In the States, $1.79 USD will get you a two scoop cone at any Rite Aid. <br /><br />Which is less than the price of a share of RAD.<br /><br />On a second note, My condolences on The Ashes. ;-)<br /><br />-DobbsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-7325793891400264362010-12-15T15:09:21.461+11:002010-12-15T15:09:21.461+11:00Relying on the price of ice creams in Kiama to ass...Relying on the price of ice creams in Kiama to assert that inflation is out of control is hardly scientific, and frankly your views are difficult to reconcile with official CPI figuresAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-21328386131140432292010-12-15T14:25:18.789+11:002010-12-15T14:25:18.789+11:00That much for an ice cream is seriously f$cked up....That much for an ice cream is seriously f$cked up. And that's in the same town where they filmed "Mullet". How does Ben Mendleson afford to live there with the small amount he used to get from those fish?a studentnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-62431018061868923122010-12-15T14:22:21.426+11:002010-12-15T14:22:21.426+11:00OK, so pay my bloomberg terminal in advance then?
...OK, so pay my bloomberg terminal in advance then?<br /><br />This from Bloomberg today....<br /><br />Refer to our tele-conversation earlier, discount on the terminal charges will be given when you pay more than 3 months in advance, discount schedule as follows:<br /><br />Months paid in advance<br />Discount 3 months = no discount<br /> 12 = 2.21% <br /> 24 = 5.05%daybillpostershttps://www.blogger.com/profile/16541848775297426347noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-87479647137865447302010-12-15T13:10:58.830+11:002010-12-15T13:10:58.830+11:00So, how much is the fish'n chips down under? I...So, how much is the fish'n chips down under? I remember 2-2.5 pounds in Broadstairs UK in 1995. The best I ever had, several fishes to chose from. Never found it as good again when I visited London or Hull. In the US/CA it seems to go for about 8 IOUs. Served on a plate with fake newspaper as decoration. Nothing is real in this country.IFnoreply@blogger.com