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RBA Reserve Bank Interest Rate Decision for November 2015?; Pressure is on the RBA to cut rates as commodity bloc sweats
Topic Started: 9 Oct 2015, 04:42 PM (6,317 Views)
Loki
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stinkbug
4 Nov 2015, 01:13 PM
A crash is when a market falls rapidly and significantly. Personally, I'd consider a fall of 15% or more a crash. No doubt others will have varying definitions. What's yours?
My definition of a crash includes a liquidity interval. 15% within 3 months or 30% within 9 months or 40% within 12 months. Under that definition, there are already places in Australia that have either crashed or are on track to meet those criteria within a few months. Sydney is NOT one of those places ... yet.


“Talk sense to a fool and he calls you foolish.” - Euripides
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stinkbug
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Loki
4 Nov 2015, 01:19 PM
My definition of a crash includes a liquidity interval. 15% within 3 months or 30% within 9 months or 40% within 12 months. Under that definition, there are already places in Australia that have either crashed or are on track to meet those criteria within a few months. Sydney is NOT one of those places ... yet.
Seems reasonable.

Using those numbers as a guide, I personally doubt we'll see a genuine crash in any captial city in this country in the near future.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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stinkbug
4 Nov 2015, 12:06 PM
Ahhhh, the old redirect again.

It's a real pleasure reading your posts.
Yes. You were very successful in redirecting the point away from how you are usually wrong.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Loki
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stinkbug
4 Nov 2015, 01:21 PM
Using those numbers as a guide, I personally doubt we'll see a genuine crash in any captial city in this country in the near future.
Except Perth, Adelaide, Darwin and Hobart. Apart from those, you are probably right.

In fact, crashes in those 4 might lead to the opposite effect in Sydney, Brisbane and Melbourne.

Canberra is irrelevant. The primary industry there is armed robbery from the rest of the country, and that continues unabated regardless of economic conditions elsewhere.



“Talk sense to a fool and he calls you foolish.” - Euripides
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stinkbug
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Loki
4 Nov 2015, 02:12 PM
Except Perth, Adelaide, Darwin and Hobart. Apart from those, you are probably right.

In fact, crashes in those 4 might lead to the opposite effect in Sydney, Brisbane and Melbourne.

Canberra is irrelevant. The primary industry there is armed robbery from the rest of the country, and that continues unabated regardless of economic conditions elsewhere.
You're a positive guy, Loki...
Ex BP Golly
4 Nov 2015, 02:07 PM
Yes. You were very successful in redirecting the point away from how you are usually wrong.
:z:

Of all people on this forum, you have the least credibility. Why don't you run along back to a circle jerk bear forum where you don't need to think, like bubblepedia was...
Edited by stinkbug, 4 Nov 2015, 03:58 PM.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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stinkbug
4 Nov 2015, 03:57 PM
Of all people on this forum, you have the least credibility. Why don't you run along back to a circle jerk bear forum where you don't need to think, like bubblepedia was...
Golly!
This downturn is really getting you angry.

Do you carry a great load of debt?


WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Poontang
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stinkbug
4 Nov 2015, 01:21 PM
Seems reasonable.

Using those numbers as a guide, I personally doubt we'll see a genuine crash in any captial city in this country in the near future.
Individual suburbs of capital cities could well be a different story.
There are some people who seem angry and continuously look for conflict.
Walk away, the battle they are fighting isn't with you, it's with themselves.

The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it.
The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.

Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
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stinkbug
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Ex BP Golly
4 Nov 2015, 04:20 PM
Golly!
This downturn is really getting you angry.

Do you carry a great load of debt?

:lol

Downturn? I knew you were stupid!
Poontang
4 Nov 2015, 05:32 PM
Individual suburbs of capital cities could well be a different story.
Agree. Mortgage belt and overbought areas will suffer for sure.
Ex BP Golly
3 Nov 2015, 08:02 AM
What with the trolls stating "angry much" or questioning people's anger?

This is now pretty funny in light of your post above.
Edited by stinkbug, 4 Nov 2015, 06:22 PM.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ex BP Golly
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stinkbug
4 Nov 2015, 06:19 PM
:lol

Downturn? I knew you were stupid!

Agree. Mortgage belt and overbought areas will suffer for sure.

This is now pretty funny in light of your post above.
I forgot!
Our journey to ZIRP was another thing you got wrong :bl:
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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stinkbug
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Ex BP Golly
4 Nov 2015, 06:24 PM
I forgot!
Our journey to ZIRP was another thing you got wrong :bl:
I don't recall claiming we were going to ZIRP. In fact, I'd be bloody surprised if we do.

EDIT: It would be reasonable to say that everything you ever posted about us being in a bubble, and a crash being imminent, is wrong.
Edited by stinkbug, 4 Nov 2015, 06:35 PM.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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