Welcome Guest [Log In] [Register]


Reply
WA Premier: Ore Price Market to Collapse.; Begs Miners to Cut Supply.
Topic Started: 15 Oct 2014, 05:04 PM (694 Views)
Perthite
Member Avatar


http://www.perthnow.com.au/business/wa-premier-colin-barnett-again-accuses-bhp-billiton-and-rio-tinto-of-flooding-depressed-iron-ore-market/story-fnhocr4x-1227090468685

This is getting really ugly. Even throwing collusion in there.

Smashed price or less tonnage. Lose lose.
Edited by Perthite, 15 Oct 2014, 05:07 PM.
Profile "REPLY WITH QUOTE" Go to top
 
skamy
Member Avatar


So what do you really reckon Perthite do you think this news will crash the property market?

Sure it would be nice if the government was making even more money from iron ore, but it really effects other states just as much as they get less of our GST.

Maybe Queensland or NSW might crash instead as their coal industry has been through a disastrous time or is it still Perth that you think will get hit the worst? :dry:
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.
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


Without a doubt.

You go ahead and ignore all that though. At least you have a talent for that.

Our own premier is begging for an end to your bullshit production boom. Open you eyes. It blows chunks.
Edited by Perthite, 15 Oct 2014, 05:30 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Mike
Default APF Avatar


Perthite
15 Oct 2014, 05:27 PM
Without a doubt.

You go ahead and ignore all that though. At least you have a talent for that.

Our own premier is begging for an end to your bullshit production boom. Open you eyes. It blows chunks.
Wrong.

State finances have little impact on property prices, hence why when Iron Ore was close $200 a ton property prices were stagnant or falling which was also around the peak of the mining investment boom, funny that. We have had much lower prices of Iron Ore since then well under $200 a ton yet Property prices continue to rise up over 15% while Irone Ore prices declined.

It is why you constantly get the calls wrong, you simply do not understand how the market works or the broader economy despite people on these forums telling you otherwise for years, you dont listen.
http://mike-globaleconomy.blogspot.com.au/
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


It's a massive issue when you have a state government unable to sustain counter cyclical spending at a time the state needs such action.

This is a simple illustration how it can via employment.

If you had got it right I think prices would be 15 - 20% higher than present. The production boom would be an outright winner. Confidence would be sky high on low rates.
Edited by Perthite, 15 Oct 2014, 06:06 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Mike
Default APF Avatar


Perthite
15 Oct 2014, 06:02 PM
It's a massive issue when you have a state government unable to sustain counter cyclical spending at a time the state needs such action.

This is a simple illustration how it can via employment.

If you had got it right I think prices would be 15 - 20% higher than present. The production boom would be an outright winner. Confidence would be sky high on low rates.
I very much doubt it.

I never predicted prices would rise so much, if that is you prediction you can have it but I recall in both 2011 and 2012 you said back then the market was collapsing. In the world of reality 2-3 years later that never happened and was never going to happen. Despite you being warned and ignoring us bulls, saying we were wrong it was you who were wrong. But that is history.
http://mike-globaleconomy.blogspot.com.au/
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


Now for the embarrassing backdown... :bh:

http://www.watoday.com.au/wa-news/wa-premier-colin-barnett-backs-away-from-bhp-rio-attack-20141015-116jbx.html

Pretty obvious that the WA State Gov is crapping itself and just lashing out at anyone they can blame as the shit hits the fan.

Scapegoat 1: Federal Gov

Scapegoat 2: Rio

Scapegoat 3: BHP

I will keep count of who they blame next.
Edited by Perthite, 15 Oct 2014, 10:24 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Banker
Unregistered

Mike
15 Oct 2014, 05:42 PM
Wrong.

State finances have little impact on property prices, hence why when Iron Ore was close $200 a ton property prices were stagnant or falling which was also around the peak of the mining investment boom, funny that. We have had much lower prices of Iron Ore since then well under $200 a ton yet Property prices continue to rise up over 15% while Irone Ore prices declined.

It is why you constantly get the calls wrong, you simply do not understand how the market works or the broader economy despite people on these forums telling you otherwise for years, you dont listen.
You're right, but will banks think twice about big IO loans in Perth...?

"REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
« Previous Topic · Australian Property Forum · Next Topic »
Reply



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.

For more information go to Limitations on Exclusive Rights: Fair Use

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