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Did anyone notice the Nov '16 $1.243B trade SURPLUS?
Topic Started: 6 Jan 2017, 04:35 PM (819 Views)
Sydneyite
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http://www.abs.gov.au/ausstats/abs@.nsf/mf/5368.0?OpenDocument

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$1.243B trade surplus for Nov '16 - who would of thunk it? Analyst consensus was -$500M or so. That should put to bed any possibility of a follow-on negative GDP print for 2016 Q4?
Edited by Sydneyite, 6 Jan 2017, 04:37 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Terry
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Sydneyite
6 Jan 2017, 04:35 PM
http://www.abs.gov.au/ausstats/abs@.nsf/mf/5368.0?OpenDocument

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$1.243B trade surplus for Nov '16 - who would of thunk it? Analyst consensus was -$500M or so. That should put to bed any possibility of a follow-on negative GDP print for 2016 Q4?
Based on reasonably strong commodity prices, which has been a hot topic at the BBQs in late 2016. It means that the suburbanites don't need to focus so much on education and tourism.
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Ex BP Golly
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Sydneyite
6 Jan 2017, 04:35 PM
http://www.abs.gov.au/ausstats/abs@.nsf/mf/5368.0?OpenDocument

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$1.243B trade surplus for Nov '16 - who would of thunk it? Analyst consensus was -$500M or so. That should put to bed any possibility of a follow-on negative GDP print for 2016 Q4?
Government privatised some essential service for the steeple to overseas interests I see.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Sydneyite
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Ex BP Golly
6 Jan 2017, 08:53 PM
Government privatised some essential service for the steeple to overseas interests I see.
Can you repeat that in english and explain your point further please???Are you trying to argue that privatisation of a government asset, when selling to an o/s interest, would impact the *trade* balance figures?
Edited by Sydneyite, 6 Jan 2017, 08:58 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Trollie
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Sydneyite
6 Jan 2017, 08:57 PM
Can you repeat that in english and explain your point further please???Are you trying to argue that privatisation of a government asset, when selling to an o/s interest, would impact the *trade* balance figures?
He won't, he's just in pain from the cognitive dissonance
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Rastus2
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Sydneyite
6 Jan 2017, 08:57 PM
Can you repeat that in english and explain your point further please???Are you trying to argue that privatisation of a government asset, when selling to an o/s interest, would impact the *trade* balance figures?
perhaps if he used Strine and simply threw in some apostrophes, ala Herbie, it might magically sound smarter ?
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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createdby
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An accounting readjustment when AUD went from 85 cents to 75 cents to USD. Also overextended suburbanites shopping less Amazon and Asos.

Now let's see them tighten their belts further when oil pops with an even weaker AUD.

How about the Chinese exporting less from us when they crash with a US trade war? That might hurt our exports.

Silver lining could be rare earths miners, who may be tapped when China bans exports to the US.

Let's wait another year before we start popping champagnes.
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Sydneyite
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Rastus2
7 Jan 2017, 10:00 AM
perhaps if he used Strine and simply threw in some apostrophes, ala Herbie, it might magically sound smarter ?
I doubt it, seeing as what he seems to be saying is complete rubbish.... :re: I think Golly needs to go back to school and learn what the difference between the trade balance and the current account is.
createdby
7 Jan 2017, 10:10 AM
An accounting readjustment when AUD went from 85 cents to 75 cents to USD.
AUD hasn't been 85c, or even over 80c, in over 18 months! Had been at around the Nov level (~75c) since Jul..... only fell a bit in last few weeks, after Nov trade figures would have been determined. But don't let facts get in the way of your bear narrative! :re:

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https://au.finance.yahoo.com/q/bc?s=AUDUSD=X&t=2y&l=on&z=l&q=l&c=
Edited by Sydneyite, 7 Jan 2017, 12:56 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Foxy
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Zero is coming...

Sydneyite
6 Jan 2017, 04:35 PM
http://www.abs.gov.au/ausstats/abs@.nsf/mf/5368.0?OpenDocument

Posted Image

$1.243B trade surplus for Nov '16 - who would of thunk it? Analyst consensus was -$500M or so. That should put to bed any possibility of a follow-on negative GDP print for 2016 Q4?
that is fantastic.

So Australians made $53 per person for the whole year??

Outstanding :D :D :D
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Trollie
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This one appears to has the bears completely stumped.
Edited by Trollie, 7 Jan 2017, 04:19 PM.
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