back in the day, used to get McD's delivered to some bars during a late night/early morning drinking session if the kitchens were closed... sometimes bar staff would order it for us !
thats going back a while though ..
from iron ore to ordering Big Macs.. really is a slow news day.. hah.
Yup. Maccas, KFC, and of course Pizza and the local FF joints as well. Seems nobody told the comrades that only pizza is allowed to be delivered. :-)
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Everything is going down, including gold and including houses, wages. Deflation worldwide and it will be a killer. There is only one way to play it. No debt and cash or cash equivalents. It if follows the pattern of the last depression we will see gold take a big jump at some point. I would have thought this unlikely in the modern age but the way the nations of the world are filling their vaults it has become more than likely.
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
Everything is going down, including gold and including houses, wages. Deflation worldwide and it will be a killer. There is only one way to play it. No debt and cash or cash equivalents. It if follows the pattern of the last depression we will see gold take a big jump at some point. I would have thought this unlikely in the modern age but the way the nations of the world are filling their vaults it has become more than likely.
The banking system creates extremes of deflation and inflation. We've had deflation since 2007, so don't worry. Jigabot inflation will most likely follow!Take heart, all is not lost!
Rio Tinto boss Sam Walsh has suggested the decline in the iron ore price may be nearing an end.
In response to Goldman Sachs’ projection for a continued fall in the price of iron ore to $US80 a tonne, Mr Walsh said he was confident the retreat wouldn’t extend that far.
“I don’t think we’re going to go down to $US80 or else a lot of my friendly competitors are going to disappear,” he told Bloomberg TV in London yesterday.
“When we saw prices at $US80 a year and a half ago, we saw a number of people come out of the market; domestic supply in China, Africa and some in Australia.”
Mr Walsh, who has served as Rio’s chief executive since January 2013, said that the make-up of supply and demand should see a recovery in the price of the commodity, which has fallen 30 per cent so far this year.
“I think that $US80 is actually too low,” he said. “I suspect a level of somewhere north of $100 is more realistic.”
Hmmm, I wonder how the fat lady will go with her 50% grade Roy Hill?
I thought you said we have something like 5.5% inflation?
That's the monetary inflation or devaluation as I estimate it.
As I've pointed out on numerous occasions which you have overlooked. When the worlds talks about deflation and inflation, today we are generally referring through to that connected with the banks credit cycle. We are talking credit inflation and deflation.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
That's the monetary inflation or devaluation as I estimate it.
As I've pointed out on numerous occasions which you have overlooked. When the worlds talks about deflation and inflation, today we are generally referring through to that connected with the banks credit cycle. We are talking credit inflation and deflation.
The last time we discussed this you stated that inflation was at 5.5% or so because of money printing. I said that meant that real inflation was about 2.5% because GDP was about 3%, so as the money supply increases the value it holds decreases. But this is tempered by the fact that the pie is growing, so each slice (ie dollar) is realistically reducing in value (inflation) at about 2.5-3% (which, coincidentally, is the same as the published figures for inflation).
Do you agree with this? Do we perhaps have a terminology issue?
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy