Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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Thursday, 4 December 2014

Rock or Bust!

From time to time people say to me that this blog focuses too much on ABS releases and what the Reserve Bank is up to.

A fair point. I'll revert momentarily to AC/DC or cricket.

Thought I'd do my bit for the Christmas retail trade figures as implored by Joe Hockey and bought the latest AC/DC album "Rock or Bust" (it's the one with a neat hologram on the front, in case you can't tell the difference) ahead of the forthcoming "harvesting" tour.

You can hardly blame the band. 

The Black Ice world tour - which was brilliant when it came to Sydney by the way - was the fourth highest grossing tour of all time at more than US$444 million.

I think it would be fair to say that the band has not reinvented the wheel with this particular album, but at first listen it was enjoyable.

Although written by Malcolm and Angus Young, nephew Stevie Young plays rhythm guitar on the album due to Malcolm's poor health. Phil Rudd seems likely to be replaced on drums for the tour, due to variously unspecified issues ("he needs to sort himself out, but the tour will go ahead regardless").

Sticking with the winning formula, not only does the album title once again contain the word "Rock" so too do no fewer than four of the song titles, as well as obligatory title references to "war" (1), "balls" (1), "fire" (1), "thunder" (1) and the usual many innuendos (about 10 or 11).

After 40 years of out-rocking and blowing away the competition bassist Cliff Williams admitted that it was hard for the band to get worked up about new market forces such as Spotify:

"How will it be any different really? We just go out and do our thing and hopefully people will still like it".

They will.