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Is Donald Trump going to burst Australia's housing bubble?
Topic Started: 11 Nov 2016, 09:42 PM (5,614 Views)
GloomBoomDoom
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Bardon
14 Nov 2016, 12:40 PM
Err the US is the largest importer of steel in the world by a large margin. If they need more then demand goes up drastically. Iron Ore is an input to Steel.
Where are the yanks going to get the money to pay for this new infrastructure plan? Borrow more?
MSE
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zaph
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Bardon
14 Nov 2016, 12:40 PM
Err the US is the largest importer of steel in the world by a large margin. If they need more then demand goes up drastically. Iron Ore is an input to Steel.
Do they need steel to for Trumps infrastructure?
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Bardon
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GloomBoomDoom
14 Nov 2016, 01:28 PM
Where are the yanks going to get the money to pay for this new infrastructure plan? Borrow more?
Yes most major projects are debt financed, nothing outside the square here.
zaph
14 Nov 2016, 01:29 PM
Do they need steel to for Trumps infrastructure?
It would be hard to imagine any infrastructure project that does not have a large component of steel required for the materials.
Edited by Bardon, 14 Nov 2016, 01:33 PM.
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Foxy
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Zero is coming...

zaph
14 Nov 2016, 01:29 PM
Do they need steel to for Trumps infrastructure?
Yes but maybe not from China???
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Simon_S
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Rufus
14 Nov 2016, 11:33 AM
It appears he is going to unwind a lot of consumer protection especially in the finance sector.

Great for Wall St
They are only looking to wind back certain aspects of Dodd Frank.


GloomBoomDoom
14 Nov 2016, 01:28 PM
Where are the yanks going to get the money to pay for this new infrastructure plan? Borrow more?
Yes....

But ask b_b about how they can Issue Bonds and not have to pay anything back.
Matthew
14 Nov 2016, 12:09 PM
Me thinks you are tapped in the head.

Interesting.

In the most recent unparalleled once-in-100-year commodity boom the commodity price growth saw inflation average 2.5% over the 5 years between September 2008 and September 2013 while inflation averaged 3.0% in the preceding 5 year non-commodity boom period.

Interest rates in this period increased from a cash rate of 6% all the way up to 2.5% and house prices increased in most capital cities in Australia.

Meanwhile Sydney off the back of their massive Iron Ore and LNG operations alone rode a wave to a $1m median. How will they cope when they have to place their Iron Ore mines and LNG Processing Plants into care and maintenance?

Basically our most recent experience is the absolute polar opposite of your claim.
And yet a complete denial about the GFC and Monetary Policy Stimulus to save the Global Economy..........

Funny how denial leads to a NEW PARADIGM in economics where there's only Booms and never Bust and the Business cycle no longer exists....



Edited by Simon_S, 14 Nov 2016, 01:52 PM.
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Rufus
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Simon_S
14 Nov 2016, 01:44 PM
They are only looking to wind back certain aspects of Dodd Frank.
It's being reported that he will wind back the regulations in Financial advice.

Advisers will no longer have to act in the best interest of their clients.
Sound crazy I know, but Trump is crazy.

Trump Wants to Let Wall Street Scam Customers Again Because of Course He Does
http://nymag.com/daily/intelligencer/2016/11/trump-wants-to-let-wall-street-scam-customers-again.html?mid=twitter-share-di
Take risks - if you win you will become wealthy, if you lose you will become wise
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b_b
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Simon_S
14 Nov 2016, 01:44 PM
But ask b_b about how they can Issue Bonds and not have to pay anything back.
You are a liar Simon. I actually said
Quote:
 
The government is legally required to pay interest and the Principal. But like any government spending, the process is as I outlined in my link. So long as the central bank targets an interest rate, the bonds will always be sold.
http://australianpropertyforum.com/single/?p=10009558&t=10273952

For more, please refer to this
http://australianpropertyforum.com/single/?p=8529155&t=10252197
Edited by b_b, 14 Nov 2016, 02:02 PM.
(S – I) + (T - G) + (M - X) = 0
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Matthew
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Simon_S
14 Nov 2016, 01:44 PM
Funny how denial leads to a NEW PARADIGM in economics where there's only Booms and never Bust and the Business cycle no longer exists....


Where did I ever say there would be a boom?
My only hope for my three boys is that they turn out nothing at all like Chris.
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Simon_S
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b_b
14 Nov 2016, 02:01 PM
You are a liar Simon. I actually said


For more, please refer to this
http://australianpropertyforum.com/single/?p=8529155&t=10252197
Your statements are they not?

Quote:
 
Yes. The government is legally required to pay interest and the Principal. But like any government spending, the process is as I outlined in my link. So long as the central bank targets an interest rate, the bonds will always be sold.

Quote:
 
No need to pay it back

I Thought your point was very clear considering I asked the question 3 times?

So they are legally required "BUT" Dont?

So if I stump up 1 million for Australian Bonds I wont get that back plus interest at the time of maturity?





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Bardon
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foxbat
14 Nov 2016, 01:44 PM
Yes but maybe not from China???
Well they get two fifths of f*** all from then now so no big deal if that doesn't grow or slumps. But if they demand more from their big suppliers then that means that China has an opportunity to take up more market share for its other clients.

More demand is good for suppliers everywhere and as always it drives up price.
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