Wednesday, February 22, 2017

How low can you go

This is from the Daily Telegraph and from four years ago so doubly unreliable but I'm going to hazard a guess that the order of lowly remunerated positions in Australia hasn't changed overly much.

By this I mean occupation, not loafers on a payout (ahem) or pensioners

  1. Fast food cooks
  2. 'Other' hospitality workers
  3. Outdoor adventure guides
  4. Hairdressers
  5. Sewing machinists
  6. Pharmacy sales assistants
  7. Beauty therapists
  8. Cafe workers
  9. Veterinary nurses
  10. Waiters
Forty one thousand nine hundred and nine dollars doesn't sound like making too much of a fuss about being misleading; hardly worth the wait. The Tele has the jobs in descending order culminating with the McDonald's et al kids getting screwed over the most - or having the most basic job, whichever way you want to look at it. $37,705 is four thousand two hundred dollars less at the end of the day, or year rather.

But we didn't count the difference in the richly rewarded, why the poverty stricken? Well, because every dollar counts when you're impoverished. 
Remember though that these are jobs just out of school for the most part. At least the lowest two on the list are and there are waiters who double as students on overseas jaunts. Meanwhile migrant workers (wo)man the sewing machines.

Maybe adventure guides are thrill seekers who have found a way to monetise their pursuit and so aren't in it for the money.
As the paper points out, these are careers that do require certificates from TAFE or private providers so you're effectively training to be in a menial job.

Wednesday, February 15, 2017

Occupay's shit

Image result for "cooks, fast food"

  1. Cooks, Fast Food
  2. Combined Food Preparation and Serving Workers, Including Fast Food
  3. Shampooers
  4. Dishwashers
  5. Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop
  6. Baristas
  7. Counter Attendants, Cafeteria, Food Concession, and Coffee Shop
  8. Cashiers
  9. Ushers, Lobby Attendants, and Ticket Takers
  10. Amusement and Recreation Attendants

Tuesday, February 14, 2017


Highest Paid Jobs In Australia

Image result for neurosurgeon


  1. Neurosurgeon                                                 $577,674 
  2. Ophthalmologist                                             $552,947 
  3. Cardiologist                                                    $453,253 
  4. Plastic and reconstructive surgeon                 $448,530 
  5. Gynaecologist; Obstetrician                           $446,507 
  6. Otorhinolaryngologist                                    $445,939 
  7. Orthopedic surgeon                                        $439,629 
  8. Urologist                                                         $433,792 
  9. Vascular surgeon                                             $417,524 
  10. Gastroenterologist                                          $415,192


  1. Judge — law                                                  $355,844
  2. Neurosurgeon                                               $323,682
  3. Plastic and reconstructive surgeon             $281,608
  4. Futures trader                                                 $281,600
  5. Vascular surgeon                                          $271,529
  6. Gynaecologist; Obstetrician                        $264,628
  7. Gastroenterologist                                        $260,925
  8. Magistrate                                                      $260,161
  9. Anaesthetist                                                   $243,582
  10. Ophthalmologist                                          $217,242

Monday, February 13, 2017

Other Jobs Than Steve

That look at the best remunerated, in salary and bonuses, exposes the influence such a position has.

Without the votes of shareholders and decision of the Board, a Chief Executive in America comes in at twenty second on the scale of high paid positions just below Family and General Practioners. They are exceeded by medical specialists of every description.

  1. Anesthesiologists
  2. Surgeons
  3. Oral and Maxillofacial Surgeons
  4. Obstetricians and Gynecologists
  5. Orthodontists
  6. Radiologists
  7. Pathologists
  8. Neurologists
  9. Allergists and Immunologists
  10. Urologists
Image result for "anesthesiologists"

Monday, February 06, 2017

Taking stock

Image result for state grid
If this was a stockbroker's blog, even a stocktaker's blog, we would now be analysing the risk factor of BP. There's no doubt it's been tremendously successful and has vast power and, as one of the largest energy providers with vast reserves its a cinch to feature on the energy indices and the oil and gas indices as well as a number of national indices. It started out as the greatly more manifest Anglo-Persian Oil Company and then used its acquisitive powers to pick up Castrol along the way, Standard Oil of Ohio, ARCO and Amoco

So there's nothing wrong with its acumen. But that is offset by all those payouts for explosions and spills, particularly where there's loss of life.

As a mug punter, I would leave this one to the sharks. Still, that's not our purpose.

We want to know which stock exchanges or markets handle BP and its products and services, where BP can be found, whether there are such a thing as BP Futures or Bonds. And then to apply the blowtorch to the belly of those other business entities stroke companies and their place in the market.
In 2010 JPMorgan Chase owned more of BP than the other top nine shareholders including BlackRock

Chairman is Carl-Henric Svanberg (who is also chairman of Volvo) and CEO Bob Dudley

BP does pay dividends and BP Prudhoe Bay Royalty Trust is but one fund that is inextricably linked with its investments with the company. Naturally, it holds securities as well as debentures, derivatives, warrants, options
It has $258.85 billion dollars in assets, and equity circa end calendar year 2014 of $112,642,000,000

Dropping Glencore off the list and replacing it with Vitol means we don't need to take another look at a mining company. I don't think they're going to be principally different to an oil company.


Now we know that banks are big holders of assets but is there anything unique about BNP Paribas in comparison to the other entities on this list?
Banque Nationale de Paris was founded in 1848, Paribas in 1872. They merged in 2000.
CEO is Jean-Laurent Bonnafé and Chairman Jean Lemierre
The combined bank has €42.938 billion in revenue, operating income of €9.787 billion. It made a profit of €6.694 billion in 2015. It has €96.269 billion in equity and holds assets of €1.994 trillion

The company is a component of the Euro Stoxx 50 stock market index and has the distinction of having the highest brand value in France. BNP Paribas is one of the largest banks in the world.

Banks are acquisitive by nature and there is more than the streamlined history suggests; Banque nationale pour le commerce et l'industrie (BNCI) and Comptoir national d'escompte de Paris (CNEP) combined in 1966, 'Paris and Amsterdam banks combine in Pays-Bas or Paribas
the real challenge when determining whether warrants and other options are available where BNP Paribas is concerned, is knowing whether it is something they handle as a core part of their trade or whether the debentures and derivatives also apply to them as a business featured on exchanges and indices. I'd venture they do both. Just as futures and bonds appear on both sides of the ledger. Trust funds continue to feature.


Although they would have rolling stock, China Railway is a service. In this case transport. It trades in securities
Let's see about

so, yes, just as involved. At least, the construction wing is


Now don't wag your finger at McKesson, they're in that sort of business.



MORL is an Exchange Traded Fund, it operates on the market without having a real world correlative

Read more »

Tuesday, January 17, 2017


Indices to infinity. You know what I was saying about getting your stock exchange information from Wikipedia? Well, when I was looking up AMEX disk drive index, I noticed that some of the site links went on to list even more indices than were covered on these lists, making the whole assessment of how many energy indices there were compared to technology indices redundant. Unless the more recently uncovered links maintained the same ratio but, sheesh, better to just know of the few major ones unless you have an abiding interest in the niche market as it were.

Bullcharts in particular has an extensive list of indices so if you want to take a look at what The Investable Volatility Index is all about, they can tell you.


We started almost by accident looking at money February last year. I don't know if that had anything to do with finishing up work or the apparent evolution from looking at the richest countries or,  earlier again, newspapers. So it has chiefly occupied 2016 Touched by the Son.
I want to finish up speculation on this strand of monetary gain and commerce by going back to the list of biggest companies and seeing how they feature or operate in what we've learned. BP is short for British Petroleum and petroleum is but one oil product it produces and sells, which makes it an easy leader in the field during the twentieth century and has yet to lose ground in the twenty first. For our purposes, it is our sample commodity.
Glencore is in the related field of mining; both rely on the extraction of natural resources to either refine or sell on. We've got Total Oil and Phillips 66 here represented by BP and Glencore. Not to mention much larger companies like ExxonMobil, Royal Dutch Shell and the China National Petroleum Corporation who have had their share of guernseys even for this blog.

BNP Paribas was the first major foreign bank in Australia. We will use its example to contrast those out in the oilfields and mines from those who finance others' expeditions.

For contrast to the fiscal and assets holding, we'll dodge Wells Fargo and JP Morgan Chase and turn our attention to Toyota as they represent manufacturers, fashioning raw materials into equipment and machinery as Toyota does with the automobile and that renowned vehicle, the Toyota Landcruiser.

In other manufacturing, WestRock is a corrugated packaging company.

So far, commodity, oil and gas, natural resources, primary vs secondary

The strongest companies in the service industry include those in vocational education "total spending by international students in Australia – including course fees, accommodation, living expenses and recreation – was $19.2 billion in 2015, up from $17 billion the previous year.
Read more:
Follow us: @FinancialReview on Twitter | financialreview on Facebook"

And as for retail, by happy trails, pharmaceuticals and healthcare are writ large in the shape of McKesson Corporation so we get further insight into their power and influence and, in turn, our dependence on the thing they are selling.

While we might have spent more cybertime in China over this extended stock stretch, it behooves us to select China Railway as our representative for another most important service: transport. Yes, it is true that Total Oil is a goliath of its field but we've been to that field.

I'd need to know more about Vitol before I considered its inclusion. It is described as a global energy and global trading company so how much of it is engaged in extraction and production, and how much is involved in locating viable lodes and then leasing or trading them (or the entities who control them or part own them) Much as such an intriguing company, based in Rotterdam to boot,  is tempting to include, I think a more unambigous company purely involved in trading, or a venture capitalist, is required to, again, see how they all interact - which appear in the various financial instruments and which drop off or are not relevant to that category.

And, sneaking in behind Vitol's back, a company that diversifies "Seaboard Corporation is a diverse multinational agribusiness and transportation conglomerate with integrated operations in several industries." This can then contrast those other companies we have in our ambit who occupy just one of those fields or interact within a more limited market.

I probably don't know what I'm letting myself in for but the final entity for our consideration is MORL which I have some notion is a supersuccessful trade fund and would bring us to our last point of differentiation.

So, OK, our team of BNP Paribas, BP, China Railway, McKesson, MORL, Seaboard, Toyota,Vitol (blogger prerogative) and Westrock are going to demonstrate how they fit in if we are investing in different kinds of shares

Friday, January 13, 2017

Electronix indecs

I was wrong. The AMEX indexes [sic] are different to those listed under US