So, the USD will go up, but the AUD won't go down against the USD?
What do you do for a living? I hope it doesn't involve arithmetic. This forum is the compound interest version of stupidity.
So are you denying that you are david, Peter Frazer's troll. The david that follows Peter around everywhere making inane remarks.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
You forgot to point out that a large coronal mass ejection could take out every communications satellite in low earth orbit while you were pointing out events of extremely low probability.
Interesting link, I will save the page for comedic relief during 2014.
I wasn't predicting a stronger AUD but it's not impossible. When you lock in your expectations and close out other possibilities you might set yourself up for losses if you are wrong, but that's your call.
Well, they are hardly predictions, more like barn size targets from a distance of 10 feet. Can you give me examples of some 'gloomer' forecasters and where they made their 2013 predictions. It would be interesting for a comparison.
I don't see any mention by the Kouk of the developing currency crisis in SE Asia and the sub-continent, perhaps he doesn't think it is relevant.
Well, they are hardly predictions, more like barn size targets from a distance of 10 feet. Can you give me examples of some 'gloomer' forecasters and where they made their 2013 predictions. It would be interesting for a comparison.
I don't see any mention by the Kouk of the developing currency crisis in SE Asia and the sub-continent, perhaps he doesn't think it is relevant.
He made those predictions 12 months ago. The 10% growth in real estate prices was openly laughed at by some commentators in Australia.
If you want some failed doomer predictions read zerohedge posts from 12 months ago.
Any expressed market opinion is my own and is not to be taken as financial advice
The 10% growth in real estate prices was openly laughed at by some commentators in Australia.
Yes, that was an interesting prediction to get right. The rest of his predictions were either wrong or in such a wide range that barring some outlying event they were safe to the point of absurdity. I am surprised he didn't predict that either England or Australia would win the ashes series.
Quote:
If you want some failed doomer predictions read zerohedge posts from 12 months ago.
Can you give me a specific example, or are you handwaving?
The 10% growth in real estate prices was openly laughed at by some commentators in Australia.
Yes, that was an interesting prediction to get right. The rest of his predictions were either wrong or in such a wide range that barring some outlying event they were safe to the point of absurdity. I am surprised he didn't predict that either England or Australia would win the ashes series.
Can you give me a specific example, or are you handwaving?
Not handwaving but I don't have time to look for articles at ZH or other sites - perhaps another day. It's a work day for me.
Perhaps you are not Dave - my apologies if that is the case, I thought that you were.
Not handwaving but I don't have time to look for articles at ZH or other sites - perhaps another day. It's a work day for me.
Perhaps you are not Dave - my apologies if that is the case, I thought that you were.
OK, I will be here until the 6th
I went to the zerohedge site and searched for 2012, read the headlines of 90 articles before I found anything resembling a prediction, which was this: If You Thought 2012 Was Tough For European Bonds... In which it is predicted that Spain would issue EUR 147B of bonds in 2013. Unfortunately, my google fu is not good enough to verify the accuracy of that prediction. The only metric I found was debt to gdp, which has increase 15%, however Spain's GDP also appears to have dropped 9% in the same period so by inference, Spain's government debt has increased by roughly 119B. So it looks like those 'doomers' on ZeroHedge were 20% off in that particular prediction. I see now why doomers are considered so unreliable.
If I have time I will trawl through another 100 odd headlines to see if I can find another failed prediction from zerohedge.
I wasn't predicting a stronger AUD but it's not impossible. When you lock in your expectations and close out other possibilities you might set yourself up for losses if you are wrong, but that's your call
Please paint a picture Peter where you can see this happening?
Please paint a picture Peter where you can see this happening?
the USD could rise against the EU due to the EU's austerity holding them back and the fed taper, and the AUD could rise on the back of increased business between the USA and china. so you end up with a 90c AUD and a USD stronger against everything.
basically it's a future where the euro zone ends up a loser, domestic demand in the US gets stronger giving the chinese someone to sell stuff to.
I am the love child of Tony Abbott and Pauline Hanson
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