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Is Donald Trump going to burst Australia's housing bubble?
Topic Started: 11 Nov 2016, 09:42 PM (5,611 Views)
Simon_S
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b_b
14 Nov 2016, 05:38 PM
One more time.


Now P!SS OFF

Simon_S
13 Nov 2016, 12:36 PM
So where will all the money come from to pay back all that they Borrow?


Government effectively spends money into existence. No need to pay it back unless the private sector wants to dissave. See more here.
http://australianpropertyforum.com/single/?p=8529155&t=10252197
Edited by b_b, Yesterday, 12:38 PM.[/b]

No need to pay it BACK........

Quote:
 
Now P!SS OFF


Nah, I'm still waiting for you to answer my question...

If I buy 1 Million Dollars worth of Bonds will the Govt repay me the money plus interest when the Bond reaches Maturity?

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Rufus
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Simon_S
14 Nov 2016, 05:49 PM

Simon_S
13 Nov 2016, 12:36 PM
So where will all the money come from to pay back all that they Borrow?


Government effectively spends money into existence. No need to pay it back unless the private sector wants to dissave. See more here.
http://australianpropertyforum.com/single/?p=8529155&t=10252197
Edited by b_b, Yesterday, 12:38 PM.[/b]

No need to pay it BACK........




Nah, I'm still waiting for you to answer my question...

If I buy 1 Million Dollars worth of Bonds will the Govt repay me the money plus interest when the Bond reaches Maturity?
Simon
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
14 Nov 2016, 05:52 PM
Best you could come up with Rufus?

Any chance you could answer the question?

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Bardon
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zaph
14 Nov 2016, 05:31 PM
Roads?
Nice try but being a road engineer in my young days and assuming that its not concrete pavements then I know that you sill need steel for:

the equipment used for road building
road signs
traffic lights
culverts
headwalls
bridges
barriers
light poles
site huts.
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zaph
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Bardon
14 Nov 2016, 06:28 PM
Nice try but being a road engineer in my young days and assuming that its not concrete pavements then I know that you sill need steel for:

the equipment used for road building
road signs
traffic lights
culverts
headwalls
bridges
barriers
light poles
site huts.
Not being a road engineer I think not that much though.

Building roads would use way less steel than building high rises??

Nice try though.
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Bardon
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zaph
14 Nov 2016, 06:38 PM
Not being a road engineer I think not that much though.

Building roads would use way less steel than building high rises??

Nice try though.
Yes.

I forgot to mention that more roads means more cars and more car making machinery.

According to John Frum the yanks dont need any at all.

Posted Image
Edited by Bardon, 14 Nov 2016, 10:09 PM.
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Jon Snow
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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.
Is that why they put a 250% tariff on Chinese steel, because they are so dependent on imports?
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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Bardon
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Jon Snow
15 Nov 2016, 11:34 PM
Is that why they put a 250% tariff on Chinese steel, because they are so dependent on imports?
No
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Rufus
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Jon Snow
15 Nov 2016, 11:34 PM
Is that why they put a 250% tariff on Chinese steel, because they are so dependent on imports?
I don't think it's across the range. According to this story it's on anti oxidant steel which is anti-acier or stainless steel.

Quote:
 
U.S. producers have filed cases accusing foreign steelmakers of dumping and subsidizing four varieties of steel products. In December, the government found that China, India, Italy and South Korea had dumped corrosion-resistant steel in the U.S. and levied taxes of 256% on imports from China. Other duties ranged from 3% to 9%.

LINK
Edited by Rufus, 16 Nov 2016, 08:11 AM.
Take risks - if you win you will become wealthy, if you lose you will become wise
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