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Morning all,

Yesterday’ enthusiastic start went phfff! A combination of weaker resource stocks and lack of interest saw our market open up 35 to end down for the day..expect more backing and filling today on once again light holiday volumes..Iron stocks will be pushed lower as the Iron Ore price fell away to 131 bucks…so BHP,RIO and FMG etc to weigh on the index…

Last night we saw the FOMC Minutes and Jobs numbers from the US..looks like the Tapering is going to roll along at a faster pace perhaps than some thought given the strength of the US economy… worryingly though Macy’s announced the closure of five stores and the loss of 2500 jobs so the retail dollar is certainly not being spent there….scary that 95% of all US consumer credit at the moment is going on Student loans and Car loans!!

Anyway the US is fixed and heading up..Zombieland is stable and better in places..China is emerging as a little worrisome, mainly on the Shadow Banking front, but let’s forget that for a time and Japan ,well its being printed out of two lost decades!

Here in Australia I suspect that 2014 is the year we get stuck in the slow lane…other markets just look more attractive..sorry folks but there it is..we are in a transistion year..mining investment to continue to fall as projects go from construction to production..East Coast going to consumption and construction as the chase for property continues and the new Government slashes and burns and just delays making decisions until the May budget..crisis what crisis!! We saw yesterday the fall in the number of government positions and the uptick in housing construction coming through…expect another 20 odd down today to below 5300 as holiday apathy keeps the buyers at the beach.

Idea of the Day NTC

For those of you with technological bent, in the US the CES show is taking place where all the new trends in tech stuff get wheeled out…Samsung  wheeled out a curved TV only for film director Michael Bay to stuff up the speech…anyway yesterday it was Cisco’s turn to tell the tech world what they think…. Chief Executive Officer John Chambers said that the Internet of Everything — connected products ranging from cars to household goods — could be a $19 trillion opportunity.

“We think the Internet of Everything is the biggest transition for the Internet since the birth of the Internet.”

So why is this significant…well last year we saw a little Aussie company Netcomm (NTC) that is a leader in this space…these guys are at the forefront of this emerging industry..Cisco are all over this..Netcomm (NTC) will do well on the back of this..good IP and have contracts with Vodafone around the world…these guys have been making modems for donkeys’ years so they know their stuff…has run from mid 20s to 34 but there is definitely more to come as we go forward….slow burn tech story leveraging off a growing trend and a small capped company with good global partnerships…just rolls off the tongue!!!…one for 2014!!

Things to make me go mmmmmmmmmmmmmmm!

Stuart Broad and Matt Prior save an English cricket fan from jumping off a bridge. Only One?

Happy Birthday Jimmy Page! And Kate Middleton…

jimmy page

China has embarked on the greatest push for renewable energy the world has ever seen. A key element involves more than doubling the number of wind turbines in the next six years.Already the world’s largest producer of wind power, China plans further massive increases .From a current installed capacity of 75 gigawatts (GW), the aim is to achieve a staggering 200GW by 2020.As China rolls out its wind farms the technology will get cheaper and will be exported elsewhere…currently 2% of all Chinas energy needs are supplied by wind..75% by Coal!!

Companies in the U.S. boosted payrolls by 238,000 in December, figures from ADP Research Institute in Roseland, New Jersey, showed today. The median forecast of 36 economists surveyed by Bloomberg called for a 200,000 advance.

Fed officials saw diminishing economic benefits from the central bank’s bond buying program, according to the minutes of the meeting, when they took the first step to cut the pace of purchases.

A recent FT committee on the “Banker” has named the Bank Of Japan’s man the Central banker of the Year!!!Well his inflation of the economy and money printing has caused the Nikkei to go ballistic but at what long term cost? Kuroda has printed enough money to inflate his balance sheet by 35.5% in just 9-months.Not Bad…. NET government debt is over 140% of GDP…..And they’re spending a full 25% of its tax revenue just to make INTEREST PAYMENTS… at a time when interest rates are effectively ZERO…..nice work…can anyone see this ending badly? I know I can!!!

Euro area November unemployment rate held unchanged at 12.1% in November which matched estimates.

Boris Johnson has ordered water Canons for London this Northern Summer…expecting some trouble eh?

Good to see Abbott has gone from turn back the boats, to buy the boats to give them lifeboats!

And finally……..my continuing thanks to my regular joke contributor Hans for this one…and cos its summer a bonus joke today!


A guy is driving around the back woods of Montana and he sees a sign

in front of a broken down shanty-style house: ‘Talking Dog For Sale ‘He
rings the bell and the owner appears and tells him the dog is in the

The guy goes into the backyard and sees a nice looking Labrador

retriever sitting there.

‘You talk?’ he asks.

‘Yep,’ the Lab replies.

After the guy recovers from the shock of hearing a dog talk, he says

‘So, what’s your story?’

The Lab looks up and says, ‘Well, I discovered that I could talk

when I was pretty young. I wanted to help the government, so I told the CIA.

In no time at all they had me jetting from country to country,

sitting in rooms with spies and world leaders, because no one figured a dog
would be eavesdropping.’

‘I was one of their most valuable spies for eight years running…

But the jetting around really tired me out, and I knew I wasn’t

getting any younger so I decided to settle down. I signed up for a job at
the airport to do some undercover security, wandering near suspicious
characters and listening in.

I uncovered some incredible dealings and was awarded a batch of


‘I got married, had a mess of puppies, and now I’m just retired.’

The guy is amazed. He goes back in and asks the owner what he wants

for the dog.

‘Ten dollars,’ the guy says.

‘Ten dollars? This dog is amazing! Why on earth are you selling him

so cheap?’

‘Because he’s a Bullshitter.  He’s never been out of the yard’


One friend said to the other, “What is a dilemma, actually?”

He replied, “Well, there’s nothing better than an example

to illustrate that. Imagine that you are laying in a big bed

with a beautiful naked young woman on one side and a gay man

on the other.

Who are you going to turn your back on?

Have a great day (Still hate Kale though!)




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Get a Global take on things at http://www.ntmarkets.com