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US economy expands 4.6% fastest growth since 2010; US growth revised up in 2nd quarter as growth accelerates I'm the US economy
Topic Started: 27 Sep 2014, 11:50 AM (1,777 Views)
miw
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skamy
27 Sep 2014, 07:20 PM
Even a dropping AUD is good for the competitiveness of our exports eg all the new LNG coming online. It will also allow local companies and produce to compete better with overseas imports.
For some things like agricultural commodities and especially any services we produce, goods we manufacture, software we create and tourism, it helps a lot. For resource commodities not as much as one might at first think. As the USD gets stronger, resource commodities priced in USD drop in USD terms. The recent drops in gold and iron ore is as much a symptom of the runaway USD as anything else.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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goldbug
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Mike
27 Sep 2014, 07:06 PM
newjez
27 Sep 2014, 05:02 PM
Have you not worked it out yet? The better the US does, the more Australia suffers. Your praying for your funeral Mike.
I have talked about this for 2 years now while most bears said it would not happen send yet here we are.
The only reason stocks are up in the US is because corporations are laying off and because the key indices are pumped up with QE money. What you're seeing mike is a higher level of manipulated statistics, nothing more.

Your predicion here is like all your other predictions, a failure, just admit it and then you can stay on the forum and not be forced to run away like shadow, timmy and the other disgraced bulls.
Economists Caution: Prepare for 'Massive Wealth Destruction'

Friday, 26 Sep 2014

Take immediate steps to protect your wealth . . .NOW!
That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.
http://www.moneynews.com/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/

You can't borrow your way out of a debt spiral.
Edited by goldbug, 27 Sep 2014, 09:50 PM.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Mike
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goldbug
27 Sep 2014, 09:11 PM
The only reason stocks are up in the US is because corporations are laying off and because the key indices are pumped up with QE money. What you're seeing mike is a higher level of manipulated statistics, nothing more.

Your predicion here is like all your other predictions, a failure, just admit it and then you can stay on the forum and not be forced to run away like shadow, timmy and the other disgraced bulls.
Economists Caution: Prepare for 'Massive Wealth Destruction'

Friday, 26 Sep 2014

Take immediate steps to protect your wealth . . .NOW!
That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.
http://www.moneynews.com/MKTNews/Massive-wealth-destruction-economy/2013/06/20/id/511043/

You can't borrow your way out of a debt spiral.
You are correct.

Get out of Gold now, accept the losses you have incurred as it is about to get hammered.

The wealth destruction will occur in gold.

Quote:
 
Gold weaker as U.S. economy, dollar strengthens

Gold approached this week's nine-month low in early trading this Friday. Forbes reported that December Comex gold was last down $2.20 at $1,219.70 an ounce and Spot gold was last quoted down $2.80 at $1,219.50. December Comex silver last traded up $0.062 at $17.505 an ounce.

The rallying U.S. dollar and economy continues to limit gold's attractiveness as an investment instrument. Accordingly, buying activity has declined for both gold and silver.

The losses that gold has experienced come on the back of a continued expansion in U.S. GDP. Bloomberg Businessweek reported that GDP grew at a 4.6 percent annualized rate since last quarter, higher than the earlier estimate of 4.2 percent. One measure of inflation showed that it climbed at a rate of two percent.

The strengthening economy and low inflation has led many analysts to predict that Bullion will experience its first quarterly loss. Adding to this are the bets that continued recovery will cause the Federal Reserve to boost interest rates. According to Businessweek, the Bloomberg Dollar Spot Index rose 0.1 percent against a basket of currencies.


http://www.danielstrading.com/news/2014/09/26/gold-weaker-as-u-s-economy-dollar-strengthens-2/
http://mike-globaleconomy.blogspot.com.au/
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newjez
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miw
27 Sep 2014, 07:09 PM
Maap. Wrong. The US is the second biggest customer for our customers (after the Eurozone). Not to mention that the US is itself one of our big customers. A strong US economy is a huge help for the Australian economy.

The main issue is that a strong US economy means a strong US dollar which is inflationary for the Australian economy.
Seems to be going well so far.
Mike
27 Sep 2014, 07:13 PM
Spot on.

I don't think Newjez and many bears fully grasp what has been unfolding I the US in recent years. I have talked about at length only to be told I was wrong by so many bears, yet they were wrong and I called it correct. Time will tell how strong a growth phase will unfold but I am almost prepared to declare the US will be in an economic Boom in the near future if it is not already in the start of one. The bears will say no once again yet in a years time I will still be correct.

Some here seem to underestimate the economic impact a strongly growing superpower will have on the global economy.

As I have said prior a huge geo-strategic shift is taking place back in favour of the US, just most cannot or will not see it until it hits them in the face. It is an unstoppable change at this point and it's impact will be felt over the next few decades.

In 5 years from now, talk won't be of a China but on how much the world got it wrong when predicting the demise of the USA.
I don't think there are any bears or bulls that follow my line on the US.
Edited by newjez, 28 Sep 2014, 04:35 PM.
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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A Lurker
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Mike
27 Sep 2014, 07:13 PM
Spot on.

I don't think Newjez and many bears fully grasp what has been unfolding I the US in recent years. I have talked about at length only to be told I was wrong by so many bears, yet they were wrong and I called it correct. Time will tell how strong a growth phase will unfold but I am almost prepared to declare the US will be in an economic Boom in the near future if it is not already in the start of one. The bears will say no once again yet in a years time I will still be correct.

Some here seem to underestimate the economic impact a strongly growing superpower will have on the global economy.

As I have said prior a huge geo-strategic shift is taking place back in favour of the US, just most cannot or will not see it until it hits them in the face. It is an unstoppable change at this point and it's impact will be felt over the next few decades.

In 5 years from now, talk won't be of a China but on how much the world got it wrong when predicting the demise of the USA.
Correct.
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Dr Watson
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Edited by Dr Watson, 8 Oct 2014, 09:45 AM.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Dr Watson
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Edited by Dr Watson, 8 Oct 2014, 01:36 PM.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Jimbo
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Mike
27 Sep 2014, 11:50 AM
Very strong result with keeps getting revised up. 3rd quarter growth is likely also going to be around 4%. Look to see further strong employment numbers in the coming months. If 3rd quarter growth is strong like expected. I would expect to see US rates rise by end of the year or early 2015.

Growth this strong needs rising interest rates.
Yes Mike. If you say so Mike.

http://www.bloomberg.com/news/2014-10-09/europe-stock-index-futures-jump-as-fed-signals-low-rates.html
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.
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