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Australia lost the "AAA" credit rating in 1986; And the downward trend in interest rates continued
Topic Started: 19 Dec 2016, 10:04 AM (3,287 Views)
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Jon Snow
19 Dec 2016, 09:39 PM
:lol :lol

Howard.

:lol :lol
Financial management.

Jesus you're a leech!
And his stupid half Peter Costello who sold 167 tonnes (or 2/3's of Australia's gold reserve) at the record low price of $300 per ounce.
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zaph
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stinkbug
19 Dec 2016, 03:46 PM
This. We haven't had decent financial management in government since Howard's third term, I reckon. It's been over 10 years of BS.
Howard set us for a 'structural deficit' with tax cuts and massive middle-class welfare. He could have handed over a full glass rather than a half empty one.

Rudd's stimulus spending was what was needed. If a little large.
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Blondie girl
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I suppose its like playing with play dough politics that has the authorisation to use multi-currency credit cards............
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Jon Snow
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createdby
19 Dec 2016, 11:53 PM
And his stupid half Peter Costello who sold 167 tonnes (or 2/3's of Australia's gold reserve) at the record low price of $300 per ounce.
suckbug is one of an army of IT contractors/vampires that suck $16B out of the public purse like cum guzzling pros, providing about $1B in product and services in return.

This system was initiated by the financial management genius Howard, because he thought it would be more dollar efficient to spend $16B per year in the private sector for IT services than $1B per year on public sector employees to provide the same thing.

On the upside, the private sector did provide census night and ATO failover disasters in return for costing 16X as much and taking 4X longer to deliver IT projects. Most likely because they employ people like suckbug who think that Howard was some kind of financial management genius.

Howard's financial genius is explained here: http://www.marketeconomics.com.au/2095-more-facts-behind-the-howard-governments-debt-elimination
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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stinkbug
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Jon Snow
20 Dec 2016, 07:14 PM
suckbug is one of an army of IT contractors/vampires that suck $16B out of the public purse like cum guzzling pros, providing about $1B in product and services in return.

This system was initiated by the financial management genius Howard, because he thought it would be more dollar efficient to spend $16B per year in the private sector for IT services than $1B per year on public sector employees to provide the same thing.

On the upside, the private sector did provide census night and ATO failover disasters in return for costing 16X as much and taking 4X longer to deliver IT projects. Most likely because they employ people like suckbug who think that Howard was some kind of financial management genius.

Howard's financial genius is explained here: http://www.marketeconomics.com.au/2095-more-facts-behind-the-howard-governments-debt-elimination
You really have gotten cranky lately, haven't you. Your insults used to be kinda clever, but now you're like the angry retard in the school playground getting fired up because someone said he stinks like piss.

:bye:
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Jon Snow
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stinkbug
20 Dec 2016, 09:49 PM
You really have gotten cranky lately, haven't you. Your insults used to be kinda clever, but now you're like the angry retard in the school playground getting fired up because someone said he stinks like piss.

:bye:
Just bringing it down to your level.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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stinkbug
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Jon Snow
20 Dec 2016, 10:20 PM
Just bringing it down to your level.
No, lately you've become another dumb, ranting bear. There is no crash coming. You were wrong. Get over it. Throwing insults at others won't change a thing.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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createdby
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Jon Snow
20 Dec 2016, 07:14 PM
suckbug is one of an army of IT contractors/vampires that suck $16B out of the public purse like cum guzzling pros, providing about $1B in product and services in return.

This system was initiated by the financial management genius Howard, because he thought it would be more dollar efficient to spend $16B per year in the private sector for IT services than $1B per year on public sector employees to provide the same thing.

On the upside, the private sector did provide census night and ATO failover disasters in return for costing 16X as much and taking 4X longer to deliver IT projects. Most likely because they employ people like suckbug who think that Howard was some kind of financial management genius.

Howard's financial genius is explained here: http://www.marketeconomics.com.au/2095-more-facts-behind-the-howard-governments-debt-elimination
Them wasting fiat is inexcusable. But Costello giving away the barbaric relic for very cheap fiat is a whole nuther level of stupid.
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Rastus2
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createdby
21 Dec 2016, 09:51 AM
Them wasting fiat is inexcusable. But Costello giving away the barbaric relic for very cheap fiat is a whole nuther level of stupid.

well if you have any other barbaric relics to give away, just send them over to me :)
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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Jon Snow
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stinkbug
21 Dec 2016, 07:19 AM
No, lately you've become another dumb, ranting bear. There is no crash coming. You were wrong. Get over it. Throwing insults at others won't change a thing.
Different topic: Housing crash vs those who are sucking at the government tit and calling themselves investment geniuses.

At any rate, if house prices were to stay flat while everything else inflated 70%, the result would be the same. House prices in Indonesia stayed fairly flat while the currency depreciated 85%, crushing the standard of living and the emerging middle class. When this happens, house prices stay flat because the market is completely illiquid. Then you have assets you can't unload, no income and rising cost of living.

I've tried to explain the nuances of this to you before but you are too f***ing dumb to understand it, hence me using a sledgehammer rather than a hole punch.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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