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2017 coming; Where is the crash
Topic Started: 9 Oct 2016, 09:41 PM (4,548 Views)
Jon Snow
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b_b
9 Oct 2016, 10:29 PM
They started the 2009 calander year at 3.25%, and ended the year at 3.75%.
http://www.rba.gov.au/statistics/cash-rate/

Another 12 months and the cash rate will be at zero, and inflation will struggle to remain positive. The ABS may have to re-weight the CPI components to keep it's head above water, as they are want to do when the numbers are telling them the wrong things.

How long will it be before the Chinese government begins direct subsidy of it's industrial base? Manufactured goods will continue to decline in price.
Food imports will continue to decline, pushing Aussie farmers to the wall.
http://www.smh.com.au/national/surge-in-imports-sends-australian-farms-to-brink-20120526-1zc2u.html

Russia will continue to pump oil, as will Iran. Crude will decline in price.

Deflation is coming.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Simon_S
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b_b
9 Oct 2016, 10:29 PM
They started the 2009 calander year at 3.25%, and ended the year at 3.75%.
http://www.rba.gov.au/statistics/cash-rate/
Posted Image
Sorry I should have stated August 6 2008 @ 7.25%........




Black Panther
9 Oct 2016, 10:18 PM
One of the dumbest bears responds. Congratulations. :lol
I'm not the one paying off a PPOR with no yeild.........

During what is no doubt understood to be the Greatest Monetary Policy Experiment in the History of Economics........

I can see why that point would be lost on you. But you can pretend that there could never possibly another crash could there just like we could never have another Recession.

Because when we do..............

AAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAH



Edited by Simon_S, 9 Oct 2016, 11:47 PM.
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b_b
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Jon Snow
9 Oct 2016, 11:17 PM

Another 12 months and the cash rate will be at zero, and inflation will struggle to remain positive. The ABS may have to re-weight the CPI components to keep it's head above water, as they are want to do when the numbers are telling them the wrong things.

How long will it be before the Chinese government begins direct subsidy of it's industrial base? Manufactured goods will continue to decline in price.
Food imports will continue to decline, pushing Aussie farmers to the wall.
http://www.smh.com.au/national/surge-in-imports-sends-australian-farms-to-brink-20120526-1zc2u.html

Russia will continue to pump oil, as will Iran. Crude will decline in price.

Deflation is coming.
Low interest rates, cheap food, cheap goods, and cheap energy.

Doesn’t sound so bad.
(S – I) + (T - G) + (M - X) = 0
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Simon_S
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b_b
9 Oct 2016, 11:50 PM
Low interest rates, cheap food, cheap goods, and cheap energy.

Doesn’t sound so bad.
Yep you need that to survive don't you............Nothing like higher rates to take away all of your disposable income.
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Jimbo
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Jon Snow
9 Oct 2016, 10:04 PM
Is it? I thought the GFC was in 2008 ...
The GFC started in 1971 and has a few more years to run yet.
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.
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newjez
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b_b
9 Oct 2016, 11:50 PM
Low interest rates, cheap food, cheap goods, and cheap energy.

Doesn’t sound so bad.
I do wonder why that, and decreasing populations are deemed such a bad thing.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Jimbo
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newjez
10 Oct 2016, 04:56 AM
I do wonder why that, and decreasing populations are deemed such a bad thing.
A business model built on selling finite grains of sugar for more money to an ever increasing swarm of ants works until it doesn't work anymore.



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.
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b_b
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newjez
10 Oct 2016, 04:56 AM
I do wonder why that, and decreasing populations are deemed such a bad thing.
Yes. The inference is that we need to get back to the "good old days" when food and energy become almost unaffordable.
Simon_S
9 Oct 2016, 11:57 PM
Yep you need that to survive don't you............Nothing like higher rates to take away all of your disposable income.
Higher interest rates will add to my disposable income. But I do like the sound of cheap food and energy. More money left over for holidays.
Edited by b_b, 10 Oct 2016, 07:19 AM.
(S – I) + (T - G) + (M - X) = 0
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Khaderbhai
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Wealthy Suburbanite

Black Panther
9 Oct 2016, 09:47 PM
The bears have been bleating since 2007 that a crash will happen. So yes at some point the obvious needs to be stated.

Were they wrong !
The silly bears have been bleating about this imminent crash since 2001...

Posted Image
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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newjez
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Black Panther
9 Oct 2016, 09:41 PM
Put simply, 2017 is just around the corner, and the big crash is still missing in action.

Perth's minor falls after prices more than trebling in the 2000's provides the dumbest of bears some circle jerk relief.

Will the big crash happen in 2017 ? Is this the last gambit for the Bears ?

Post your opinions. :tu:
Pretty much the same. Perth down a bit more.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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