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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 (3,284 Views)
Terry
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herbie
22 Dec 2016, 12:26 AM
All Ords dropped maybe 55% in tha GFC? 'N tha Ozbuck woz down in tha 60s before tha RBA stepped in (I lived it; I remember it; I know).

Can't be bothered doing tha sums on such 'ancient history' again - But down 70 ta 75% measured in USD maybe?

Stop bein' such a nervous Nellie Tezza - Or go away 'n tell 'em all about all ya probs over here maybe ... Woe, woe, woe:

http://www.macrobusiness.com.au/

Hey, they'll even sell ya some tips on how ta trade ya way ta prosperity - LOL LOL LOL
Nervous Jethro? Why? Corrections are great reality checks.
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herbie
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Terry
22 Dec 2016, 12:44 AM
Nervous Jethro?
Wif 4 debt free SEQ houses 'n $850K gov guaranteed cash in tha banks; Plus no shares or bonds or debt exposure?
(Don't even have ONE single credit card - That's me! ... :) ) ... So hardly Tezza; Ya got tha wrong boy ...
Edited by herbie, 22 Dec 2016, 12:54 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Terry
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herbie
22 Dec 2016, 12:52 AM
Wif 4 debt free SEQ houses 'n $850K gov guaranteed cash in tha banks; Plus no shares or bonds or debt exposure?
(Don't even have ONE single credit card - That's me! ... :) ) ... So hardly Tezza; Ya got tha wrong boy ...
Well done Jethro. You're a role model.
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herbie
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Terry
22 Dec 2016, 12:56 AM
Well done Jethro. You're a role model.
I suspect tha RBA 'n our pollies 'n bankers 'n retailers don't consider me as such? But hey, I endeavours ta persevere ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Ex BP Golly
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herbie
21 Dec 2016, 09:39 PM
"Australia lost the "AAA" credit rating in 1986"

I bought me first house in Brisvegas in 1987 - Whingin' 'n moanin' about how much they'd gone up prior ta me buyin'.

Then tha f***er doubled AGAIN over tha next 5 yrs!!!

Hmmm - We can only all hope that doesn't happen agin I 'spose ...
Yep, that antique French clock collecting, Ermenegildo Zegna wearing top end of town plaque hoisting banker mates really got the property bubble underway in 1986.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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herbie
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Ex BP Golly
22 Dec 2016, 09:55 AM
Yep, that antique French clock collecting, Ermenegildo Zegna wearing top end of town plaque hoisting banker mates really got the property bubble underway in 1986.
Tha f***ers are determined Golly - Ya gotta give 'em that.

Hmmm ... It's like as if they couldn't drive asset prices up they'd think their throats'd bin cut?

'Spect it's got somethin' ta do wif all these central banks havin' positive inflation targets too meself ...

There woz some discussion pretty recently about tha possibility of tha RBA droppin' its a bit - But no-one wot counted seemed ta think that woz a good idea.

As in f*** tha savers 'n wot not - Ah well, that's life ... :)
Edited by herbie, 22 Dec 2016, 10:24 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Ex BP Golly
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herbie
22 Dec 2016, 10:13 AM
Tha f***ers are determined Golly - Ya gotta give 'em that.

Hmmm ... It's like as if they couldn't drive asset prices up they'd think their throats'd bin cut?

'Spect it's got somethin' ta do wif all these central banks havin' positive inflation targets too meself ...

There woz some discussion pretty recently about tha possibility of tha RBA droppin' its a bit - But no-one wot counted seemed ta think that woz a good idea.

As in f*** tha savers 'n wot not - Ah well, that's life ... :)
I just guess politicians of all walks hate savers.
We make them feel irrelevant, because we don't need, or want anything from them is my guess.
Edited by Ex BP Golly, 22 Dec 2016, 10:52 PM.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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herbie
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Ex BP Golly
22 Dec 2016, 10:51 PM
I just guess politicians of all walks hate savers.
We make them feel irrelevant, because we don't need, or want anything from them is my guess.
Yep, ta tha extent they can't create fear 'n continue engendering dependency on them as our ongoing 'n unendingly hoped for future saviours, it would certainly seem ta me that they know they're gunna struggle a bit Golly.

Anyway, Macfarlane (Governor of the Reserve Bank of Australia from 1996 to September 2006) wrote about it back in his Boyer Lectures in 2006:

"Again, the short-run incentives to governments are the opposite of the long-run needs for economic stability. At times, such as in the 1970s in the United Kingdom, people seriously questioned whether the combination of democratic institutions and economic stability was achievable."

Source: http://www.abc.net.au/radionational/programs/boyerlectures/lecture-6-challenges-for-the-future/3353116#transcript

He woz writing from a history of high inflation (rather than low inflation) - But by 'n large tha story re democracy (as in people) hasn't changed - IMO.

Hmmm - That's life ... Do wotever ya can (legally) ta protect yaself from tha self interested self entitled voting cnts 'n their self interested vote grubbing pollies - For mine! ... :)

PS: I don't vote for ANY of the worthless f***s - 'N am proud 'n happy ta say that I've not f***ing stooped to/bin stupid enough to since 1998. (Wif that makin' me a slow learner - But hey, I did learn eventually I 'spose? - Well, some self respect if nuthin' else ... Tho yeah sure, before that I woz voting on [wot I imagined ta be] principle - Rather than brains - LOL)
Edited by herbie, 23 Dec 2016, 09:23 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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