Tell you what post up the prices for would you please Checked the price of iron ore and oil lately Skamy??
Tell you what post up the prices for fob fe 62% and a barrel of oil oh and throw in some gas while you are at it. would you please
Zero hedge is not a reliable news source it is largely doomster hysterics.
Canada like Australia has a much more egalitarian society than other countries which have large swathes of working poor. They have more debt because they have more people with an income that supports buying a home.
Canadians like Australians hold debt levels which are well within their capacity to service. We have been through this over and over and the doomsters at zero hedge deliberately pick these aggregate statistics so that they can make their dramas over nothing.
You have gotta drop the doomsters soon Peter - they have been so wrong for so long.
The price of iron ore is double what it was in 2000 Peter, the big miners with head offices in Perth have had a busy year, and there are lots of good times ahead.
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.
. They have more debt because they have more people with an income that supports buying a home.
Fuck you come across as a very dim individual.
These 'incomes' you refer to have till now been uninterrupted, they are based on a boom we are still living as really absolutely nothing has changed yet.
The sense of fear or caution is swelling from what may occur in the very near future. How do you think these wages and this constant reliance on highly leveraged individuals will go if a massive collapse occurs.
You are so busy focussed on what was you are oblivious to any danger, in fact you see none at all. As Foxbat said you are just in that pot enjoying the warmth, for now anyway.
The price of iron ore is double what it was in 2000 Peter, the big miners with head offices in Perth have had a busy year, and there are lots of good times ahead.
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.
These 'incomes' you refer to have till now been uninterrupted, they are based on a boom we are still living as really absolutely nothing has changed yet.
The sense of fear or caution is swelling from what may occur in the very near future. How do you think these wages and this constant reliance on highly leveraged individuals will go if a massive collapse occurs.
You are so busy focussed on what was you are oblivious to any danger, in fact you see none at all. As Foxbat said you are just in that pot enjoying the warmth, for now anyway.
I am going to argue that the collapse has already happened.
I think your legion of young fans eg Veritas and Perthite will be very disappointed to hear that the Perth crash of 40% predicted by your doomster "guru", Foxbat, has already happened.
LOL you guys are funny.
You should give old Skamy credit where credit is due - I was the one who has said there would be no crash right from the start. You should not let hard cheese get stuck in your throat.
I am still waiting for that list of times you have owned your errors on this forum... isn't that what you claimed others should do as it was what you do ?
I am going to argue that the collapse has already happened.
We are in it.
Like Brasil.
Peter
Yes, you'd have to be an arrogant old (or young) fool to deny that the collapse has already started. Nevertheless, denials will be screamed from the rooftops in most postcodes.
Yes, you'd have to be an arrogant old (or young) fool to deny that the collapse has already started. Nevertheless, denials will be screamed from the rooftops in most postcodes.
Oh really, a collapse has already started? Noted, and your prediction has been bookmarked.
These 'incomes' you refer to have till now been uninterrupted, they are based on a boom we are still living as really absolutely nothing has changed yet.
The sense of fear or caution is swelling from what may occur in the very near future. How do you think these wages and this constant reliance on highly leveraged individuals will go if a massive collapse occurs.
You are so busy focussed on what was you are oblivious to any danger, in fact you see none at all. As Foxbat said you are just in that pot enjoying the warmth, for now anyway.
Chris you are wrong wrong and wrong. It is you who is being dense by refusing to acknowledge known and well understood facts.
Read this little bit of maths to help you understand how aggregate debt to income statistics are a silly way to measure sustainability of debt levels. This shows that the more people who cannot afford debt that a country has the lower the aggregate debt to income becomes.
Australia has very manageable debt - this is shown in many ways - eg size of debt to asset value is low and % income spent on debt is also low.
This graph shows that current interest paid on loans relative to income is down at around 8% the lowest it has been for over a decade.
This graph shows Australian liabilities relative to other wealth and again you can see that debt is just a small % of overall wealth:
It is not possible to look at the above two graphs and believe that there is any chance at all that Australia has a debt problem never mind a debt crisis.
Rastus2
21 Jan 2016, 08:19 PM
I am still waiting for that list of times you have owned your errors on this forum... isn't that what you claimed others should do as it was what you do ?
I am rarely wrong as I am very long in the teeth indeed - but I have owned my mistakes when I make them.
You are another one who needs a lesson in doing this as you lost so much credibility when you refused to give Shadow his win.
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.
Chris you are wrong wrong and wrong. It is you who is being dense by refusing to acknowledge known and well understood facts.
Read this little bit of maths to help you understand how aggregate debt to income statistics are a silly way to measure sustainability of debt levels. This shows that the more people who cannot afford debt that a country has the lower the aggregate debt to income becomes.
Australia has very manageable debt - this is shown in many ways - eg size of debt to asset value is low and % income spent on debt is also low.
This graph shows that current interest paid on loans relative to income is down at around 8% the lowest it has been for over a decade.
This graph shows Australian liabilities relative to other wealth and again you can see that debt is just a small % of overall wealth:
It is not possible to look at the above two graphs and believe that there is any chance at all that Australia has a debt problem never mind a debt crisis.
I am rarely wrong as I am very long in the teeth indeed - but I have owned my mistakes when I make them.
You are another one who needs a lesson in doing this as you lost so much credibility when you refused to give Shadow his win.
It is behind a paywall
Right, so you lecture others to admit their mistakes but claim to have none yourself
I gave shadey his won for prediction version 3 , just not the wrong versions... i agree that he should get credit for predictions he wished to wipe from history, the ones that were wrong... why would you object to that ?
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