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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 (42,805 Views)
Trollie
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http://www.fool.com.au/2016/11/08/the-iron-ore-price-is-soaring/
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Ex BP Golly
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Trollie
8 Nov 2016, 07:40 PM
You still haven't explained how this increases residential house prices.

I can only see it being irrational exuberance based upon confidence.

4/5th of mining companies are foreign owned, and even at the height of the capex boom, only employed circa 3% of the population.

Why does the value of resources get you all trunky?

Do you expect employment in dust scratchers will get back up to the old highs?

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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conork
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Ex BP Golly
8 Nov 2016, 09:05 PM
You still haven't explained how this increases residential house prices.

I can only see it being irrational exuberance based upon confidence.
4/5th of mining companies are foreign owned, and even at the height of the capex boom, only employed circa 3% of the population.

Why does the value of resources get you all trunky?

Do you expect employment in dust scratchers will get back up to the old highs?
Because exports bring money into the country making the country wealthier.
3% of the population directly employed may get a pay rise over time which is a substantial amount.
Then banks sitting on additional wealth can invest elsewhere.
Then there's the benefits of rehypothecation etc.

Manufacturing are the jobs you want for an economy as a whole.
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Trollie
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Ex BP Golly
8 Nov 2016, 09:05 PM
I can only see it being irrational exuberance based upon confidence.
That's because you're a blind old fool who's bitter about everything.
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Trollie
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Iron ore price continues to surge - $76.90

Icing on the cake is AUD isn't reacting. In AUD terms prices are booming.
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Rastus2
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Trollie
25 Nov 2016, 12:04 PM
Iron ore price continues to surge - $76.90

Icing on the cake is AUD isn't reacting. In AUD terms prices are booming.

Tell me again how you are not deeply involved with Iron Ore financially.. it always gets a laugh. :D
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
25 Nov 2016, 01:13 PM

Tell me again how you are not deeply involved with Iron Ore financially
Why do I need to repeat myself?
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Rastus2
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Trollie
25 Nov 2016, 01:34 PM
Why do I need to repeat myself?

For giggles.

It's not like anyone believes you when the rise of Iron Ore price gives you such a hard on.
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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skamy
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Ex BP Golly
5 Nov 2016, 10:51 PM
given most property "investors" are one trick ponies that have gone the SMSF route and loaded up on even more leveraged property investments, it might just turn out to be a most interesting transfer of wealth after all lol
You create a nice little fantasy world for yourself hey exBP. You, yourself are the Mr sensible good guy owning 3 properties with no risk and the hero of your own fantasy while everyone else is Mr Stupid overleveraging their super funds.

It is completely false, the fact is that most people are sensible they do not over leverage and they do very well over the long term with their property investments in this growing wealthy country.



Terry
6 Nov 2016, 02:07 PM
Nice one Roddy, so the "middle class" is defined by two demographics: Education and Money. Puppeteer didn't have to think too much about that.

So what are the parameters for Education and Money Roddy? I believe that most suburbanite h'hold units have less than 6 months of income at their disposal. Where would you guess the middle lie? 3-4 months? And how about education? Undergraduate degree?
Catweasel it is not hard for the average suburbanite whom you despise to be better off in life than you. They did not get so suckered into the doomster nonsense as you did.

The doomsters make you feel special - they sell you the idea that you are somehow superior to the great unwashed. Despite the great opportunities you have missed you still hang onto this overly negative view of everyone else.

Mr or Mrs Suburbanite actually have a lot of life lessons for you if you ever lose your arrogant superiority complex.
Rastus2
6 Nov 2016, 03:51 PM

Well if it takes a bogan to identify the middle class, I guess you are well qualified to comment.
Do you seriously think you can gain any insight whatsoever about anything by judging people en- masse on their relative financial status?
Edited by skamy, 25 Nov 2016, 02:24 PM.
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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Trollie
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Rastus2
25 Nov 2016, 02:15 PM

For giggles.

It's not like anyone believes you when the rise of Iron Ore price gives you such a hard on.
I'm sorry the facts hurt.
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