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China Rising; A Must Listen
Topic Started: 4 Apr 2015, 06:49 AM (24,426 Views)
Loki
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Bardon
16 Apr 2016, 02:56 AM
Well we are actually paying more for less. So you will have to dig far deeper than that.

Household energy prices increase despite drop in usage, Australian Bureau of Statistics says

Household energy prices have increased 61 per cent between 2008 and 2014 despite an overall drop in home energy use, new information from the Australian Bureau of Statistics has shown.

http://www.abc.net.au/news/2016-02-10/abs-energy-stats-show-61-per-cent-increase/7153660
And here I was thinking it is 2016!


“Talk sense to a fool and he calls you foolish.” - Euripides
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Rastus2
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Bardon
16 Apr 2016, 02:56 AM
Well we are actually paying more for less. So you will have to dig far deeper than that.

Household energy prices increase despite drop in usage, Australian Bureau of Statistics says

Household energy prices have increased 61 per cent between 2008 and 2014 despite an overall drop in home energy use, new information from the Australian Bureau of Statistics has shown.

http://www.abc.net.au/news/2016-02-10/abs-energy-stats-show-61-per-cent-increase/7153660

I believe that Energy costs have gone down, while poles and wire costs have gone up.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Rastus2
16 Apr 2016, 10:02 AM

I believe that Energy costs have gone down, while poles and wire costs have gone up.
There was a time not long ago where prices doubled over about three years.

And here we see we are using less power. The only reason for this is because appliances are becoming more efficient and using less power to do the same tasks. My 10 year old sony 40" uses 200 watts . I have another 50 inch samsung plasma that would probably use 250 watts. There is now a 40 inch Panasonic that uses only 40 watts, this being a new lcd led tv. Fridges are also much more efficient as too are washing machines and dishwashers. Air conditioners are also more efficient. Not sure about ovens and stovetops but assume there has been little improvement to heat elements.

Its also possible to link your solar panels directly to your standard hot water tank. This can be done without being on the grid at all and no batteries required. If set up correctly you dont need any invertor or power restricting diodes either. Solar panel wired directly to heat element. But at the moment this is not really cost effective, but is becoming more so by the day. You could also have it set up so that once your tank heats to full temperature and the thermostat cuts out, the power can then be diverted to the grid or elsewhere.



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Rastus2
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Guest
16 Apr 2016, 11:13 AM
There was a time not long ago where prices doubled over about three years.

And here we see we are using less power. The only reason for this is because appliances are becoming more efficient and using less power to do the same tasks. My 10 year old sony 40" uses 200 watts . I have another 50 inch samsung plasma that would probably use 250 watts. There is now a 40 inch Panasonic that uses only 40 watts, this being a new lcd led tv. Fridges are also much more efficient as too are washing machines and dishwashers. Air conditioners are also more efficient. Not sure about ovens and stovetops but assume there has been little improvement to heat elements.

Its also possible to link your solar panels directly to your standard hot water tank. This can be done without being on the grid at all and no batteries required. If set up correctly you dont need any invertor or power restricting diodes either. Solar panel wired directly to heat element. But at the moment this is not really cost effective, but is becoming more so by the day. You could also have it set up so that once your tank heats to full temperature and the thermostat cuts out, the power can then be diverted to the grid or elsewhere.



Yes, but Bardon's post was not before that sudden rise.



btw, rather than going through the process of hooking a PV solar to a HWT, why not simply buy a solar HWT ?

Ours cost less than 2k, and we only use the backup (gas) for 2 weeks per year, max. (We live in South East Qld).


I am keen to remove our solar array from the grid.. no more tidal system... Energex/Origin have started charging a (small) fee for customers who have a solar meter attached... with the pittance of solar rebate we get, it is a slap in the face.


In a couple of years, battery costs will be so low, we can stay on grid, but hardly use any... or, simply go off grid. (Although I suspect magic 'fees' will appear that mean you pay to have power poles outside your house, even if you elect to disconnect).
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Trollie
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Rastus2
16 Apr 2016, 12:10 PM

Yes, but Bardon's post was not before that sudden rise.



btw, rather than going through the process of hooking a PV solar to a HWT, why not simply buy a solar HWT ?

Ours cost less than 2k, and we only use the backup (gas) for 2 weeks per year, max. (We live in South East Qld).


I am keen to remove our solar array from the grid.. no more tidal system... Energex/Origin have started charging a (small) fee for customers who have a solar meter attached... with the pittance of solar rebate we get, it is a slap in the face.


In a couple of years, battery costs will be so low, we can stay on grid, but hardly use any... or, simply go off grid. (Although I suspect magic 'fees' will appear that mean you pay to have power poles outside your house, even if you elect to disconnect).
Watch what happens when enough people go off grid. The old monopolies will fight for survival and demand their political masters legislate their profits with a service fee you can't avoid.

I'm biding my time for when batteries are cheap enough to make sense, then I'll ditch the grid. Good luck to them attempting to extract a service fee out of me.
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Gossamer
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44th most prolific poster on APF

Activity at China's factories shrank for the 14th straight month in April
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

APF idiot list
Nelson
Black Panther
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createdby
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http://www.reuters.com/article/us-china-economy-trade-idUSKCN0XZ02J


China April exports, imports decline more than expected
Markets | Sun May 8, 2016 1:21am EDT

China's exports and imports fell more than expected in April, underlining weak demand at home and abroad and cooling hopes of a recovery in the world's second-largest economy.

Exports fell 1.8 percent from a year earlier, the General Administration of Customs said on Sunday, reversing the previous month's brief recovery and supporting the government's concerns that the foreign trade environment will be challenging in 2016.

April imports dropped 10.9 percent from a year earlier, falling for the 18th consecutive month, suggesting domestic demand remains weak despite a pickup in infrastructure spending and record credit growth in the first quarter.

"Both exports and imports came in weaker than expected, in line with the soft trade performance across Asia, pointing to another challenging year for emerging markets," said Zhou Hao, senior emerging market economist at Commerzbank in Singapore.

China's exports to the United States – the country’s top export market – fell 9.3 percent in April from a year earlier, while shipments to the European Union – the second biggest market, rose 3.2 percent, customs data showed.

China's cabinet has vowed to take steps to boost exports, including encouraging banks to boost lending, expanding export credit insurance and raise tax rebates for some firms.

China had a trade surplus of $45.56 billion in April, versus forecasts of $40 billion.

Economists polled by Reuters had expected April exports to fall 0.1 percent, after a surprise 11.5 percent rise in March, and expected imports to fall 5 percent, following March's 7.6 percent decline.

MOMENTUM MAY WEAKEN

China's economic growth slowed to 6.7 percent in the first quarter - the weakest since the global financial crisis, but activity picked up in March as policy steps to boost the economy, including six interest rate cuts since late 2014, seemed to be taking effect.

Concerns of a hard-landing in China had eased after the strong March data, but analysts have warned the rebound may be short-lived.

Economists expect a slowdown in credit growth and industrial production in April although inflation could accelerate. Key economic data is expected over the next two weeks.

"The market has to prepare a little bit for the downside risk in other Chinese data and some sort of market correction might be inevitable," Zhou said.

An official factory survey and Caixin's private-sector gauge for April painted a mixed picture of the health of the manufacturing sector.

The official purchasing managers' index (PMI) showed factory activity expanded for the second month in a row in April but only marginally, while Caixin's manufacturing PMI pointed to 14 straight months of sector contraction.

China's central bank said on Friday that it will fine tune policy in a pre-emptive and timely way, as the economy still faces downward pressure despite signs of steadying.

Amid shrinking global demand, China still managed to grow its share of world exports to 13.8 percent last year from 12.3 percent in 2014, indicating the country's export sector remains competitive despite higher costs.

(Reporting by Kevin Yao; Editing by Sam Holmes and Christian Schmollinger)
Edited by createdby, 9 May 2016, 08:59 AM.
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Simon_S
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I think we need to change the title of the thread to China Tanking.

After Speculative Frenzy, Iron Ore Slides as Stockpiles Rise

It Just gets Better and Better................

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Rufus
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createdby
9 May 2016, 08:58 AM
http://www.reuters.com/article/us-china-economy-trade-idUSKCN0XZ02J


China April exports, imports decline more than expected
Markets | Sun May 8, 2016 1:21am EDT

China's exports and imports fell more than expected in April, underlining weak demand at home and abroad and cooling hopes of a recovery in the world's second-largest economy.

Exports fell 1.8 percent from a year earlier, the General Administration of Customs said on Sunday, reversing the previous month's brief recovery and supporting the government's concerns that the foreign trade environment will be challenging in 2016.

April imports dropped 10.9 percent from a year earlier, falling for the 18th consecutive month, suggesting domestic demand remains weak despite a pickup in infrastructure spending and record credit growth in the first quarter.

"Both exports and imports came in weaker than expected, in line with the soft trade performance across Asia, pointing to another challenging year for emerging markets," said Zhou Hao, senior emerging market economist at Commerzbank in Singapore.

China's exports to the United States – the country’s top export market – fell 9.3 percent in April from a year earlier, while shipments to the European Union – the second biggest market, rose 3.2 percent, customs data showed.

China's cabinet has vowed to take steps to boost exports, including encouraging banks to boost lending, expanding export credit insurance and raise tax rebates for some firms.

China had a trade surplus of $45.56 billion in April, versus forecasts of $40 billion.

Economists polled by Reuters had expected April exports to fall 0.1 percent, after a surprise 11.5 percent rise in March, and expected imports to fall 5 percent, following March's 7.6 percent decline.

MOMENTUM MAY WEAKEN

China's economic growth slowed to 6.7 percent in the first quarter - the weakest since the global financial crisis, but activity picked up in March as policy steps to boost the economy, including six interest rate cuts since late 2014, seemed to be taking effect.

Concerns of a hard-landing in China had eased after the strong March data, but analysts have warned the rebound may be short-lived.

Economists expect a slowdown in credit growth and industrial production in April although inflation could accelerate. Key economic data is expected over the next two weeks.

"The market has to prepare a little bit for the downside risk in other Chinese data and some sort of market correction might be inevitable," Zhou said.

An official factory survey and Caixin's private-sector gauge for April painted a mixed picture of the health of the manufacturing sector.

The official purchasing managers' index (PMI) showed factory activity expanded for the second month in a row in April but only marginally, while Caixin's manufacturing PMI pointed to 14 straight months of sector contraction.

China's central bank said on Friday that it will fine tune policy in a pre-emptive and timely way, as the economy still faces downward pressure despite signs of steadying.

Amid shrinking global demand, China still managed to grow its share of world exports to 13.8 percent last year from 12.3 percent in 2014, indicating the country's export sector remains competitive despite higher costs.

(Reporting by Kevin Yao; Editing by Sam Holmes and Christian Schmollinger)
As I understood it the value of China's exports increased and the value of their imports fell.

Quote:
 
Exports in yuan-denominated terms rose 4.1 percent year on year last month to 1.13 trillion yuan (US$174 million), slower than the 18.7 percent jump in March, data from the General Administration of Customs showed yesterday.

Imports fell 5.7 percent year on year to 827.5 billion yuan, falling for the 18th straight month and the drop widened from the 1.7 percent decrease in March.

But China’s trade surplus grew to 298 billion yuan in April, up from 194.6 billion yuan in March.


http://www.shanghaidaily.com/business/finance/Chinas-exports-rise-slower-and-imports-fall-amid-weak-recovery/shdaily.shtml
Take risks - if you win you will become wealthy, if you lose you will become wise
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Rufus
9 May 2016, 09:43 AM
As I understood it the value of China's exports increased and the value of their imports fell.




http://www.shanghaidaily.com/business/finance/Chinas-exports-rise-slower-and-imports-fall-amid-weak-recovery/shdaily.shtml
Exports to the US fell 9.3% in April from a year earlier...... Are the US going broke also ?

Imports fell 10.9 %.... Sounds like a shedload to me. Shows the chinese are going broke.

Also shows the world economy is slowing FAST.

Big companies with HUGE debts are now going broke.

World stocks markets, especially the US, are the latest ponzi. This severe decline will no doubt have them going backwards soon.

Hows that US recovery looking now John, expecting another rate rise soon ? And what about those shiny trinklets mate ?
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