What about Timmy the ass clown... what happen to him?
Prob got fired, I couldn't believe the regurgitated crap coming from his pie hole.
Worst still he was claiming it as his own analysis, now the plagiarist ass monkey disappears.
Additionally what happen to all the pretenders with so many points, trying to assure us that these ghosts cities are/where normal.
These points also looked regurgitated from every forum/sight/info outlet since these cities were made known to western world.
Why where people going to so much trouble to defend this?
Doubleview, I was recently approached by Kazakhmys to go work on a copper concentrator in Astana.
Now sitting comfortably in Oil & Gas for the last 2 years, I told the recruiter unless the duration is longer than 2 years, and the contract per year for over $350k.......I ain't interested.
With the volatility of mining in mind, nobody in their right sense of mind would want to go back to mining again. Fuck that.
I do believe that China is slowing down fast. The severely depleted formerly high dollar engineering job market here is a reflection of this fact.
What about Timmy the ass clown... what happen to him?
Prob got fired, I couldn't believe the regurgitated crap coming from his pie hole.
Worst still he was claiming it as his own analysis, now the plagiarist ass monkey disappears.
Additionally what happen to all the pretenders with so many points, trying to assure us that these ghosts cities are/where normal.
These points also looked regurgitated from every forum/sight/info outlet since these cities were made known to western world.
Why where people going to so much trouble to defend this?
Timmy's job , house price, IPS and life were dependant on iron ore prices, he seems to forget they were $5 a tonne in 2003 , have peaked and are now on the decline.
Its pretty obvious the crash of iron ore prices has shut him up hard and fast, seems he has been shafted in the Khyber. A lesson to other bulls that think this joke was ever sustainable, if fundamentals are your go, the only fundamental WA ever had was iron ore and coal thanks to chinas artificial ramp up over the years. Their growth was never sustainable and in turn led to our growth never being sustainable. So its seems the only fundamental you had over there, is now being tossed out he window.
Here's one way to look at Perth house prices, or most others for thay matter, hold your arm out straight in front of you, and open your palm out flat as though you were receiving some change. Now imagine a balloon , a smallish balloon sitting on the palm of your hand, and on top of that balloon is a little house, this little house represents your house price.
Now what happens when we pump some wind into that balloon, like free housing grants, the balloon grows bigger with the latest amount of AIR being pumped in, the balloon grows larger and the little house on top grows higher, representing house prices rising, let's throw in some more air, how about no stamp duty for first home buyers, the balloon is pumped a bit more and the little house rises. What about some more air, over time the required deposit for a home loan has gone from around 25% deposit required in about 1970 , went to 20%, eventually 10%, then 5%. It got to a point where we had no deposit home loans and if you thought it could not get any better, we even had 105% home loans , meaning that the bank paid for legals and stamp duty as well. So this has been changing over from time from needing a 25% deposit to needing eventually a -5% deposit in some instances, now this fuelled inflating prices over many years by continually lowering the amount of deposit required. So this has fuelled more air into that balloon over many years and the balloon is growing and the little house in top is going higher and higher, showing the price going higher and higher. The thing is now, we are at a point in history where we have hit a brick wall and can no longer lower the amount of deposit required from zero , same as we are now hitting another brick wall in regards to interest rates being lowered, like in the US or euro. Its simply another brick wall we are hitting . We can no longer milk any more growth from the lowering of the deposit amounts required to purchase a house and we can no longer lower interest rates from zero to milk any further growth. We pumped more air into it by dropping interest rates to record lows, up went that little house on the balloon. We pumped more air into by rising our wages behind a joke, to the point they are no longer competitive in any way whatsoever on a global economic scale. That's another point where we have now hit a brick wall, wages. They have just gone up and up and up and have never dropped. Doubled from 1970 to 1975, then doubled again from 1975 to 1981. This doubling and increasing of wages like this is over and for the first time in history, wages are dropping. So that's three brick walls we have hit so far, lowering of deposit over time, lowering of Interest rates to near zero and rapid wage increases, all able to go no further to benefit house prices. Basically , the three main ingredients for house price growth have all hif a brick wall. Just when will you dummies get it.
We then got more desperate for growth and resorted to more desperate measures , economic stimulus, to the tune of trillions after trillions , year after year after year. Its now got to the point where not only can't we not grow prices anymore but need to resort to such drastic measures to prevent them from collapsing in price.
Eventually that little balloon sitting on the palm of your hand has grown to a huge amount, and that little house on top is sitting very high and mighty. But take away any of these things and the bubble starts to deflate, have a collapse in US and have interest rates surge and the bubble could just go bang , that little house sitting on top of that balloon is shaking about in mid air as the balloon dissapears, there is now a gap of about one foot between your palm and that little house sitting in mid air. With The balloon now popped and your house just hovering in mid air with nothing left to support it, what do you think will happen , it will come crashing down. The best case scenario is that that balloon will just slowly deflate over time, just like Japan. Everything has been tried and milked to death, these tools have been used to death , you can't lower Interest rates from zero for any more growth, you can't lower deposit rates when we have already had zero and minus zero, and you can't increase wages when they are already double that of the US and euro and co spidering they cannot compete with cheap as a in labour levels at wages less than half of ours. Its jus desperate measures now, until everything has been milked to death completely and nothing works anymore. We are now at this point. Can you dopes not understand this simple explanation.
Doubleview, I was recently approached by Kazakhmys to go work on a copper concentrator in Astana.
Now sitting comfortably in Oil & Gas for the last 2 years, I told the recruiter unless the duration is longer than 2 years, and the contract per year for over $350k.......I ain't interested.
With the volatility of mining in mind, nobody in their right sense of mind would want to go back to mining again. Fuck that.
I do believe that China is slowing down fast. The severely depleted formerly high dollar engineering job market here is a reflection of this fact.
Exactly many companies have burnt their bri=dges, good experienced workers will/are looking else where.
Additionally lots of bears posts warning of what was coming where played down!
The bulls thinking they caught the bears out and all that shenanigans have made themselves look like absolute cock heads.
No wonder they are MIA, more likely the ultimate dumb fucks are preparing for their sand paper sex toy extravaganza !
Everything is transparent here and anyone with half a brain will quick;y come to the conclusion that the bulls are the ultimate shills !
Doubleview, I was recently approached by Kazakhmys to go work on a copper concentrator in Astana.
Now sitting comfortably in Oil & Gas for the last 2 years, I told the recruiter unless the duration is longer than 2 years, and the contract per year for over $350k.......I ain't interested.
With the volatility of mining in mind, nobody in their right sense of mind would want to go back to mining again. Fuck that.
I do believe that China is slowing down fast. The severely depleted formerly high dollar engineering job market here is a reflection of this fact.
Where you been lulldapull, I thought you would have been riding Timmy all the way down. You could even win that bet with him now.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Exactly many companies have burnt their bri=dges, good experienced workers will/are looking else where.
Additionally lots of bears posts warning of what was coming where played down!
The bulls thinking they caught the bears out and all that shenanigans have made themselves look like absolute cock heads.
No wonder they are MIA, more likely the ultimate dumb fucks are preparing for their sand paper sex toy extravaganza !
Everything is transparent here and anyone with half a brain will quick;y come to the conclusion that the bulls are the ultimate shills !
The fat lady has not sung to western economies of the world for almost a century, but she was eventually silenced by the sound of war cannons.
The fat lady is getting ready to sing to western economies once again, louder than ever before, much much louder. Will she be drowned out by something this time, or will she just be singing' never ending story' .
The fed just keep doing the same thing and HOPING there is a different outcome.Something I might expect from a pre schooler, even then I expect the preschooler would eventually realize this and change tactics, but not the FED. Dumb dislikeable persons.
Ha........Newjez, what we mentioned on this forum years ago, is now reality.
The one's who can predict the future accurately based on common sense are laughing now.
the other now chaste ass clowns here, and you know who they are, timmy, Sydneyite, Peter, Fwank and others are still looking for excuses to support their habit of deliberate disinformation.
The job market dictates reality. And yes that includes the reality for housing.
doubleview
7 Jun 2014, 04:11 PM
Exactly many companies have burnt their bri=dges, good experienced workers will/are looking else where.
Additionally lots of bears posts warning of what was coming where played down!
The bulls thinking they caught the bears out and all that shenanigans have made themselves look like absolute cock heads.
No wonder they are MIA, more likely the ultimate dumb fucks are preparing for their sand paper sex toy extravaganza !
Everything is transparent here and anyone with half a brain will quick;y come to the conclusion that the bulls are the ultimate shills !
Doubleview, even long term staffies who thought they were untouchable are now unemployed. The unemployed lines in Perth and Brisi are long, and extend out to the horizons as far as the eye can see.
Mining is now officially fucked. No doubt.
People have truly moved on. And what a fucking shame it really is to let go of all that talent and experience. The loss of all this squarely rests on the shoulders of the big miners. They are ones who failed to stabilize the markets. Now they lose us!!!fuck them....
Ha........Newjez, what we mentioned on this forum years ago, is now reality.
The one's who can predict the future accurately based on common sense are laughing now.
the other now chaste ass clowns here, and you know who they are, timmy, Sydneyite, Peter, Fwank and others are still looking for excuses to support their habit of deliberate disinformation.
The job market dictates reality. And yes that includes the reality for housing. Doubleview, even long term staffies who thought they were untouchable are now unemployed. The unemployed lines in Perth and Brisi are long, and extend out to the horizons as far as the eye can see.
Mining is now officially fucked. No doubt.
People have truly moved on. And what a fucking shame it really is to let go of all that talent and experience. The loss of all this squarely rests on the shoulders of the big miners. They are ones who failed to stabilize the markets. Now they lose us!!!fuck them....
Right on !
Furthermore APF was created pretty much exactly the same time the reserve bank pursued the latest monetary policy easing cycle.
We are likely to see more of these ass clowns go MIA yet.
Economic reality of Australia is hard to deny now is it?
How long until the floor drops on the beleaguered housing market now? The only question now is will the devastation be as bad as the U.S. and Europe?
Quote:
zaph, Peter, timmy, Sydneyite, Fwank and others are AWOL.
How come others get their names capitalised but not me? At least you got the spelling correct. I feel honoured that I'm the first that you thought of. Shadow and Strindberg will be upset they didn't get a mention.
I didn't realise I needed permission not to post in every thread? Who hands out the leave slips?
I tend not to post in iron ore threads as it's not something I know a lot about. You might know how to dig it up, but I'd guess you know even less about it's economics. I also tend not to reply to someone who's only ability is to type out "supply and demand" and hit the ctrl c, ctrl v keys in almost every post.
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