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Forecasts of $20/t iron ore. The response? IO now $48/t.; Iron ore recovery offers budget boon hopes
Topic Started: 21 Feb 2016, 07:58 PM (42,847 Views)
Simon_S
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Rufus
15 Apr 2016, 01:43 PM
No I don't. Here is a quote from your link.



and





You're too much of an idiot to waste more time with Simon.
No idiot it only illustrates the difference in Policies and Objectives...... Hence the Use of the word GOALS

Nice try though.

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Matthew
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Terry
15 Apr 2016, 12:49 PM
Well damn. That sounded really good Uncle Matty, like you actually know what the real price of iron ore is.

Must be all that remedial math you've been working on.
Do you have an actual point to make f***wit, or is your goal just to keep looking stupid?
My only hope for my three boys is that they turn out nothing at all like Chris.
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Trollie
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Rastus2
15 Apr 2016, 12:55 PM

Perhaps, if you had multiple brain cells, instead of one single, lonley, zombie brain cell, you would be capable of deducing typo's from foreign languages.


:D
Typos occasionally happen. You screw up so often we can only conclude it's some kind of private baby language.
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Terry
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Matthew
15 Apr 2016, 01:53 PM
Do you have an actual point to make f***wit, or is your goal just to keep looking stupid?
Well there's gratitude for you. When it comes to cantankerous old devils, you take the cake Uncle Matty.
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Matthew
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Terry
15 Apr 2016, 02:31 PM
Well there's gratitude for you. When it comes to cantankerous old devils, you take the cake Uncle Matty.
f*** off idiot
My only hope for my three boys is that they turn out nothing at all like Chris.
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Loki
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skamy
15 Apr 2016, 10:48 AM
This increase in prices is desirable and controlled by the central banks.
Not any more.
Quote:
 
In order to look at the likelihood of deflation you need to look at RELATIVE price growth.

No, the likelihood of inflation or deflation has two factors. The first is monetary, and the second is productivity. High interest rates suppress productivity gains.
Quote:
 
Loki surely you are not falling for the stupidity expressed in the post above by Simple Simon the great depression whiner.

Deflation is inevitable, but not for the reasons of the great depression. In a fiat currency system, money is never a constraint, only the production of goods and services.

Quote:
 
Jimbo too can be quite daft on this topic - he thinks decreasing electronics prices will lead to deflation, jeez you should have seen the prices we paid for 1 kilobyte of RAM back in the day.

Ummm ... that IS deflation. :wak:
Quote:
 
A child can carry a tablet in their backpack with more computer power that we had in a massive lab filled with huge machines back in the day. Plus they pay a fraction of the price. That process did not lead to world economic deflation now did it?

Ah, yes it did. Monetary inflation has been running at 6-7% all over the western world for decades, and yet CPI remains subdued. Why do you think that is? Think before you answer.


“Talk sense to a fool and he calls you foolish.” - Euripides
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skamy
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Loki
15 Apr 2016, 04:13 PM
Not any more.


No, the likelihood of inflation or deflation has two factors. The first is monetary, and the second is productivity. High interest rates suppress productivity gains.


Deflation is inevitable, but not for the reasons of the great depression. In a fiat currency system, money is never a constraint, only the production of goods and services.



Ummm ... that IS deflation. :wak:


Ah, yes it did. Monetary inflation has been running at 6-7% all over the western world for decades, and yet CPI remains subdued. Why do you think that is? Think before you answer.
You are a lost cause Loki.

I cannot believe you have fallen for the doomsayers who are calling for deflation on the scale of the great recession. Their arguement is fundamentally flawed. It is like expecting a river to flood after years of drought.

The reason you hang onto this silliness is that you cannot give up the dream of house price deflation just for you to get a bargain house in the lower North shore.

You are not stupid, like Simon, who thinks any article with any tiny bit of bad news is a sign that a new great depression is on our doorsteps. Why do you hang onto this nonsense?
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.
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Rastus2
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Trollie
15 Apr 2016, 02:19 PM
Typos occasionally happen. You screw up so often we can only conclude it's some kind of private baby language.
By 'we', I asume you mean people such as yourself who somehow survive wity one brain cell.


The rest of us are capable of seeing past the typo's and deduce the intended word.


Next time, ask mummy to look when she is trying your shoelaces and putting on your 'special hat' ...

Posted Image she may be able to explain.., assuming your condition is only 1 generation deep.


Now lets examine what challenged Trollie "Mastermind" in my post... it might make things easier for mummy...


Trollies Post :
"I'm not surprised you only pay attention when the horse has already bolted."


My Post :
"I am not surprised you flig a dead horse"



Obviously, it would take a real mastermind, as opposed to a 'trolly masterbater' to manage to deduce the 'i' in 'flig' should have been an 'o'.
:D
Edited by Rastus2, 15 Apr 2016, 06:44 PM.
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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Loki
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skamy
15 Apr 2016, 06:05 PM
You are a lost cause Loki.
That's a relief.
Quote:
 
I cannot believe you have fallen for the doomsayers who are calling for deflation on the scale of the great recession.

On the other hand, I can believe that either you didn't read my reply before typing this nonsense, or you didn't understand it. In the event that it is the latter, let me see if I can put it in terms even you can understand. WE ALREADY HAVE DEFLATION. We have had deflation for two decades. Central banks have been inflating the money supply like mad to stay ahead of it. But here is the thing. Central banks only have ONE lever, interest rates. And when interest rates go below 3%, you get MORE deflation, because productivity improvements get cheaper.

I have a feeling that you still don't understand that. That's OK. Your inability to comprehend reality does not change it. Interest is an input cost to production. The lower interest rates go, the cheaper goods become to produce, and the cheaper goods are to produce, the cheaper they are sold for. i.e. DEFLATION.

The only thing that central banks can inflate in a low interest environment is assets, which then bubble/burst, bubble/burst.

Quote:
 
The reason you hang onto this silliness is that you cannot give up the dream of house price deflation just for you to get a bargain house in the lower North shore.

Wrong. Again. I will leave the lower North Shore soon and live somewhere else.


“Talk sense to a fool and he calls you foolish.” - Euripides
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Rufus
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Loki
15 Apr 2016, 04:13 PM
Ah, yes it did. Monetary inflation has been running at 6-7% all over the western world for decades, and yet CPI remains subdued. Why do you think that is? Think before you answer.
Population growth, increased efficiency in production of consumer goods and services. Incremental changes as margins are squeezed.
Take risks - if you win you will become wealthy, if you lose you will become wise
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