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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 (6,316 Views)
Ex BP Golly
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stinkbug
4 Nov 2015, 06:34 PM
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.
Golly!
With your head so far up your house, our journey to Zirp is definitely something you couldn't see coming :lol



Edited by Ex BP Golly, 4 Nov 2015, 07:06 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Rastus2
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Poontang
4 Nov 2015, 05:32 PM
Individual suburbs of capital cities could well be a different story.
+1

Some areas may have been 'gentrified' by punters a little early in the rush to buy... if they over paid, they might be waiting a long time to recover their purchase price.
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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stinkbug
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Ex BP Golly
4 Nov 2015, 07:00 PM
Golly!
With your head so far up your house, our journey to Zirp is definitely something you couldn't see coming :lol


Shit like this makes me laugh, it really does.
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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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Loki
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stinkbug
4 Nov 2015, 03:57 PM
You're a positive guy, Loki...
I do my level best.
stinkbug
4 Nov 2015, 06:34 PM
I don't recall claiming we were going to ZIRP. In fact, I'd be bloody surprised if we do.
No, you claimed we would never reach ZIRP. I am pretty sure you will be wrong about that also.

You do realise that the real risk free rate is already negative? i.e. the time value of money has gone negative.

I'm guessing you don't realise what that means for all of your debt.
Edited by Loki, 5 Nov 2015, 12:02 AM.


“Talk sense to a fool and he calls you foolish.” - Euripides
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Ex BP Golly
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stinkbug
4 Nov 2015, 09:08 PM
Shit like this makes me laugh, it really does.
Did I miss anything else you totally missed, seeing coming?

Oh yeah, property crash!

That is totally hilarious.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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stinkbug
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Ex BP Golly
5 Nov 2015, 05:40 AM
Did I miss anything else you totally missed, seeing coming?

Oh yeah, property crash!

That is totally hilarious.
What's hilarious is you peddling this crap for 10 years or more, on sites like bubblepedia as well as here, and it never happening.
Loki
4 Nov 2015, 11:56 PM

No, you claimed we would never reach ZIRP. I am pretty sure you will be wrong about that also.

You do realise that the real risk free rate is already negative? i.e. the time value of money has gone negative.

I'm guessing you don't realise what that means for all of your debt.
No, I don't think we will reach ZIRP. And yes, I agree about the real risk free rate. I don't think it's a problem for me, though, given my debt load and corresponding cashflow.
Edited by stinkbug, 5 Nov 2015, 07:12 AM.
---------------------------------------------------------------

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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Loki
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stinkbug
5 Nov 2015, 06:43 AM
No, I don't think we will reach ZIRP.
Noted for the archive.
Quote:
 
And yes, I agree about the real risk free rate. I don't think it's a problem for me, though, given my debt load and corresponding cashflow.

Fair enough, they are your finances.


“Talk sense to a fool and he calls you foolish.” - Euripides
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stinkbug
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Loki
5 Nov 2015, 07:39 PM
Noted for the archive.


Fair enough, they are your finances.
No probs re the archive - if I end up being wrong, so be it.

Using what one understands to manage their personal finances has served me well so far, so I figure I'll keep doing it. Peak personal debt is now behind me and I'm on the run-down to paying off my PPOR. Once that's done, I'll retire from full time work.
---------------------------------------------------------------

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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stinkbug
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So... are we still looking like getting to ZIRP?

EDIT: And just for giggles, here's the current expectation on the direction of interest rates: http://www.asx.com.au/data/trt/ib_expectation_curve_graph.pdf
Edited by stinkbug, 12 Jan 2017, 10:35 AM.
---------------------------------------------------------------

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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b_b
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stinkbug
12 Jan 2017, 10:29 AM
So... are we still looking like getting to ZIRP?

EDIT: And just for giggles, here's the current expectation on the direction of interest rates: http://www.asx.com.au/data/trt/ib_expectation_curve_graph.pdf
Yep, we are still headed for ZIRP IMO. Down another 50bpts since this thread began.
Posted Image
So long as the federal Govt tries to balance the budget and we continue to run a CAD, there is nowhere else for interest rates to go over the medium term. That in not to say we won’t get a rate hike every now and then, but the trend is clear.


(S – I) + (T - G) + (M - X) = 0
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