I did not say it was going up, I said why did it increase two very different questions?
It increased because it always increases in actual dollars in June (with only three exceptions since 1981). That is why there is a seasonally adjusted chart.
If you look at the seasonally adjusted numbers, Capex is falling across the board in WA (not just in mining).
You asked "Why is Capex data rising" and I have answered that it isn't if you read the data properly.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
It increased because it always increases in actual dollars in June (with only three exceptions since 1981). That is why there is a seasonally adjusted chart.
If you look at the seasonally adjusted numbers, Capex is falling across the board in WA (not just in mining).
You asked "Why is Capex data rising" and I have answered that it isn't if you read the data properly.
Now answer the rest of my post which you ignore,
Quote:
As you state with you're own data Capex has now been falling for almost 3 years. Many businesses have lost jobs, mining/construction laying off jobs by the thousands.
Yet the WA unemployment rate remains the envy of most of the nation if not the world. Why?
How can so many FHB be building new houses if everything is collapsing, you yourself talked this up?
We have a huge construction boom at present from upgraders building new homes, why?
What is going on, Capext (mining investment) as you stated has now been falling for at least 2 years. Yet during this time House prices up 15.7% since 2012, why?
At the peak of the Capex boom in 2010/11 why did Perth House prices fall when the entire economy was in a massive boom. Why did house prices fall?
Can you answer any of those questions. You seem to have all answers, let see if you can get these right.
You are trying to cover up here Mike. You came on all snotty about how Capex is increasing
Quote:
If true then why did Capex data increase. Booms or busts don't tend to fall a little then rise again.
I think you actually believed that Capex had increased when anyone who knows anything about business and statistics would have known that Capex always peaks in the final months of a financial year. That is why they publish a seasonally adjusted table.
You would be bound to know that if you manage multi million dollar construction projects. Wouldn't you?
If you didn't know, then maybe you should have checked with one of your army of statistical analysts and industry experts that you have at your disposal. You know, the ones that act like a net to drag information in to you so that you can stay ahead of the curve.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
You are trying to cover up here Mike. You came on all snotty about how Capex is increasing
I think you actually believed that Capex had increased when anyone who knows anything about business and statistics would have known that Capex always peaks in the final months of a financial year. That is why they publish a seasonally adjusted table.
You would be bound to know that if you manage multi million dollar construction projects. Wouldn't you?
If you didn't know, then maybe you should have checked with one of your army of statistical analysts and industry experts that you have at your disposal. You know, the ones that act like a net to drag information in to you so that you can stay ahead of the curve.
No you have not answered it at all, you are avoiding it as you do not know the answers.
No you have not answered it at all, you are avoiding it as you do not know the answers.
Is that right Mike?
The link to my previous post answers your questions.
Meanwhile, could you answer why you thought Capex was increasing when it clearly wasn't (isn't).
Quote:
If true then why did Capex data increase. Booms or busts don't tend to fall a little then rise again. Why is Capex data rising,
How could you miss this with all of your expertise in statistical analysis and the army of experts at your disposal?
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
The link to my previous post answers your questions.
Meanwhile, could you answer why you thought Capex was increasing when it clearly wasn't (isn't).
How could you miss this with all of your expertise in statistical analysis and the army of experts at your disposal?
No it does not. I will repeat them. Please answer them each. All im asking is for you to support you're claims. I am presenting you with facts as they stand and you ignore them.
As you state with you're own data Capex has now been falling for almost 3 years. Many businesses have lost jobs, mining/construction laying off jobs by the thousands.
Yet the WA unemployment rate remains the envy of most of the nation if not the world. Why?
How can so many FHB be building new houses if everything is collapsing, you yourself talked this up?
We have a huge construction boom at present from upgraders building new homes, why?
What is going on, Capext (mining investment) as you stated has now been falling for at least 2 years. Yet during this time House prices up 15.7% since 2012, why?
At the peak of the Capex boom in 2010/11 why did Perth House prices fall when the entire economy was in a massive boom. Why did house prices fall?
Can you answer any of those questions. You seem to have all answers, let see if you can get these right.
Jimbo
2 Sep 2014, 09:05 PM
Is that right Mike?
Meanwhile, could you answer why you thought Capex was increasing when it clearly wasn't (isn't).
The answer is in the quote you posted of my comment. I said increase, not increasing. I also stated I expect Capex to decrease over the longer term but you did not quote that did you?
You state the reason is seasonal yet the ABS disagrees with you, here is the seasonal data from the ABS.
Quote:
ACTUAL EXPENDITURE (VOLUME TERMS)
New capital expenditure seasonally adjusted estimate increased by 1.1%.
Trend volume estimate for buildings and structures seasonally adjusted estimate increased by 2.0%.
So using the seasonaly adjusted data still shows an increase in Capex.
Mike,
As this is a thread on Perth property and with Perth being in Western Australia, perhaps you ought to re-visit ABS (using the link you provided) and check the numbers for Western Australia.
I will save you time by telling you that they are all down for the June quarter(not just in mining). The bit of egg you got on your face earlier has just been joined by another bit.
As for the other points, stop trying to worm your way out of the obvious fact that you can't read statistics by trying to put this back on me.
You are the one that stated triumphantly that capex is increasing.
Quote:
If true then why did Capex data increase. Booms or busts don't tend to fall a little then rise again. Why is Capex data rising,
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
As this is a thread on Perth property and with Perth being in Western Australia, perhaps you ought to re-visit ABS (using the link you provided) and check the numbers for Western Australia.
I will save you time by telling you that they are all down for the June quarter(not just in mining). The bit of egg you got on your face earlier has just been joined by another bit.
As for the other points, stop trying to worm your way out of the obvious fact that you can't read statistics by trying to put this back on me.
You are the one that stated triumphantly that capex is increasing.
Please tell me where I stated it was Capex data for WA?
It is obvious you have no idea while at the Peak of the Capex boom house prices declined in WA. It is also clear you have no idea why house prices increased by over 15% since 2012 when you stated Capex had been declining during this period.
You simply fob off questions to hard for you to answer, then you answer questions with asking other questions ignoring completely most of what I type.
Please tell me where I stated it was Capex data for WA?
It is obvious you have no idea while at the Peak of the Capex boom house prices declined in WA. It is also clear you have no idea why house prices increased by over 15% since 2012 when you stated Capex had been declining during this period.
You simply fob off questions to hard for you to answer, then you answer questions with asking other questions ignoring completely most of what I type.
If you dont know, just say so. Be honest.
It's not an area I know lots about, but I did think that capex may or may not contribute to GDP. So it's a bit more complicated than just looking at the raw figures.
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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