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The RBA's December Minutes Are Out And It Looks Like There's A Recovery On The Way
Topic Started: 17 Dec 2013, 09:12 PM (2,070 Views)
peter fraser
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Perthite
17 Dec 2013, 10:30 PM
That still a Treasury downgrade?
I'll take the RBA assessment over the treasury statement.
Any expressed market opinion is my own and is not to be taken as financial advice
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Perthite
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Hopefully the RBA is right... I want rising rates during this mining downturn...

:dry:
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peter fraser
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Perthite
17 Dec 2013, 10:46 PM
Hopefully the RBA is right... I want rising rates during this mining downturn...

:dry:
Lol, yes I guess you do.

I don't think that you will get them and I think you already know that.
Any expressed market opinion is my own and is not to be taken as financial advice
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Perthite
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We can't all get what we want....

I do realise though that the events in WA and QLD will have little impact on rate movements.
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MMM
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Peter you wish to take the RBAs assessment and claim a recovery on the way.
I would probably take ford and holdens assessment that there will be no recovery. If they thought there was a recovery why would they be closing down in a couple of years, they know there is no recovery because we simply cannot compete anymore with emerging economies and their low wages. End of story really.
Western economies have now run their mindless course. All we can do is sit back and watch the unknown unfold.
Most bulls use history to back their cause, and this is justifiable or was until the wheels started to fall off in 2006-08. History is now not a way to read into the future as we hit unchartered waters.

So how.can our economy recover Peter, jobs and business wise, that is what an economy is, how can they recover when our wages are the highest in the world and everybody else makes stuff for next to nothing. Just so you know, HOUSE PRICES are not an economy, they are merely the PRICE OF HOUSES.
Sub prime lending practices to send people further into debt is not an economy or a recovery. It is just something that further destroys an economy.
Sub prime , I here you say, yes your partner in crime Peter. You know more than most about sub prime lending but have sat back at screen for years denying it.
Took me two years to get you to understand what was happening with interest rates. A couple more and you understand the rest.
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newjez
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The dollar doesn't seem to agree peter. Still shaky.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Drgonzo
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The so called recovery in the established housing market really has little benefit for the economy.

Let's see it translate to increases in construction and retail sales in sufficient numbers to offset the mining investment boom come off the boil - you need to build a shit load if houses to offset a 40 billion project.
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Thatguy
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Recovery you say? Tell em he's dreamin'
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Pig Iron
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Bogan scum

newjez
18 Dec 2013, 05:50 AM
The dollar doesn't seem to agree peter. Still shaky.
is that due to our weakness or strength else where.

probably more to do with the fed taper....
I am the love child of Tony Abbott and Pauline Hanson
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goldbug
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peter fraser
17 Dec 2013, 09:51 PM
Perthite
17 Dec 2013, 09:21 PM
:lol
a solid argument.
Solid? because a stuffed suit at a bank bleats the corporate line? He is a nobody peter. Perhaps you missed the thread of timo's where...

Quote:
 

Australia should not be foolish in thinking it is going to continue having uninterrupted economic expansion, RBA governor Glenn Stevens says, warning that a downturn would happen eventually.

Mr Stevens said the country was "building up this myth of 22 years of uninterrupted growth" and that sooner or later, there was a "probability of ... more or less 100 per cent" that a downturn would happen.


In other words peter, what you experienced in 2008 was not a downturn, it was just a bump in 22 years of uninterrupted growth in Australia (Aside from Sydney (which is a shithole anyway)) and all the bad news is still to come.

If I was you I would start looking for a new line of work. There won't be many mortgages written in the decades to come the way the world is heading.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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