Monthly Archives: February 2016

Signs of desperation?

An expert interviewed on the 60 Minutes story tonight about the property bubble in Australia predicted a bursting of the mortgage bubble within this year. I think it is already happening in Perth. I’ve already described the signs and evidence that I’ve been reading and noticing. Today (a Sunday) I drove through a long and winding road through a number of suburbs of Perth, around noon, and I couldn’t help noticing the collections of “Home Open” signs posted on verges of roads and roundabouts at every intersection and roundabout that leads to houses.

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POP!

A few posts back I departed from the usual subject matter of this blog to predict a plunge in residential property values in Perth, and I cannot think of any particular reason why these values would bounce back any time soon. Since I published that post I have noticed a fairly striking sight at a local medium-sized supermarket in a lower-middle class suburb of Perth, the kind of area that has in the last decade been filled with the sounds of South African, British and New Zealander accents. I noticed three large supermarket trolleys overflowing with marked-down imported food products, all of them from the British foods range. I can only assume that a heck of a lot of Brits have left the area. If it was simply the case of a supermarket being run by buffoons who can’t order or mark down, I would think the overstocked trolley-loads wouldn’t all be from the same nationality in the same product range. Another thing that I’ve noticed in the last month or so is lots of biographies of British celebrities for sale at weekend junk markets, suggesting that Brits are on the move.

I’m guessing that these vanishing Brits would have returned to the UK. This seems a reasonable assumption in light of statistical evidence showing that thousands of New Zealanders returned from Australia to their country of origin last year, with the net flow between our nations moving away from Australia for the first time in 24 years. And now I hear that 60 Minutes Australia will be predicting some kind of massive crash in relation to residential property or mortgages in Australia in their next episode. They are making it sound like something in the ilk of the subprime mortgage crisis in the USA which triggered the GFC of 2007-2009. When I type the terms “subprime mortgage” into Google it offers back “subprime mortgage australia” as one of the suggested searches. It looks like the bubble is really busting this time. Don’t say I didn’t warn you!

Superior visual recognition ability plus plant knowledge gives instant alert to story that doesn’t add up

Within just a few seconds of looking at a photo in this Western Australian news story I knew something wasn’t right about the story, thanks to my great ability to identify plants by sight, which is I believe associated with my “super-recognizer” level of ability in face recognition and face memory.

Young, Emma Perth couple’s garden dream crushed for last time with Wembley verge demolition. WA Today. February 13th 2016.

http://www.watoday.com.au/wa-news/perth-couples-garden-dream-crushed-for-last-time-with-wembley-verge-demolition-20160212-gmt2fi.html

Within the first sentence of the story the garden at the centre of the story is identified as an “eco-friendly garden” but at a glance I identified the two ground-cover plants in the first two photos as environmental weeds of South African origin, Osteospermum ecklonis and Carpobrotus edulis. There is nothing “eco-friendly” about a garden in which environmental weeds are planted and nurtured! The more I and others have looked into the story, the more things we have discovered that don’t add up. Beware!

This is just another hint at why employers, especially those in government, security and law enforcement, need to be considering visual recognition ability as well as face memory ability while recruiting and deploying employees, to the point of testing this ability. Visual recognition ability is vitally important in more ways than we can predict.

Cannot be unseen….

I don’t know whether its some thing to do with visual recognition or maybe some obscure variety of synaesthesia, but whenever I see that Donald Trump’s nasty little mouth in that pinched circular shape, the concept of “anus” instantly and involuntarily comes to mind. No seriously….

Article about super-recognition from Scientific American

Bobak, Anna K. and Bate, Sarah Superior Face Recognition: A Very Special Super Power. Scientific American. February 2nd 2016. http://www.scientificamerican.com/article/superior-face-recognition-a-very-special-super-power/

There’s a link to a test!

 

Visual art to sound synaesthesia evoked by section of art in video of work of Elliott Numskull and Beastman

It made a rhythmic sound. Do you hear it?

Foundry Brooke Street Pier Campus  https://youtu.be/jpJdPR-0RN4

A diversion from the usual subject matter

Giving investment advice is a long way from the usual topics covered in this blog, but I thought I’d let my readers know that I have heard an interesting bit of information, which I’ve considered together with my own observations of economic behaviour in Perth, Western Australia over the last few months,  and I believe that a potentially important economic tipping point has now been reached in Western Australia. I believe this event could trigger another plunge in residential property values in Perth, a trend which was initially triggered by the economic decline of the mining industry in WA that began in 2014, which could be sustained by migration out of Australia, economic mismanagement and austerity by the federal government and foreclosures on residential properties in Perth owned by former FIFOs, and I think will possibly be the trend for the foreseeable future due to a long-term demographic trend of retirement-age baby-boomers leaving the city, or leaving altogether. I think there could be a down just around the corner that isn’t followed by an up. But I could be wrong.