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Iron Ore busts through $90; $100 incoming, terrific news for the economy!
Topic Started: 14 Feb 2017, 10:03 AM (13,646 Views)
Terry
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Khaderbhai
15 Feb 2017, 11:33 AM
Yes, especially in our local currency.
Why do you think iron ore is exchanged on transactions priced in AUD mother cat?
Edited by Terry, 15 Feb 2017, 11:41 AM.
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Khaderbhai
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Terry
15 Feb 2017, 11:41 AM
Why do you think iron ore is exchanged on transactions priced in AUD mother cat?
Are you OK there Roddy?
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Terry
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Khaderbhai
15 Feb 2017, 12:49 PM
Are you OK there Roddy?
Really. Do you think all sales of iron ore from Australia are priced in AUD? Who told you this?
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Khaderbhai
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Terry
15 Feb 2017, 01:21 PM
Do you think all sales of iron ore from Australia are priced in AUD?
Is that so Roddy? Who told you all sales of iron ore from Australia are priced in AUD?
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Terry
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Khaderbhai
15 Feb 2017, 01:39 PM
Is that so Roddy? Who told you all sales of iron ore from Australia are priced in AUD?
Oh, so it was a nonsense attempt at a troll repertoire. Got it MC. You can finish there.
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Khaderbhai
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Terry
15 Feb 2017, 01:41 PM
Oh, so it was a nonsense attempt at a troll repertoire. Got it MC. You can finish there.
Troll repertoires and stuff? Seems you've run out of steam again Roddy. Meanwhile iron ore is at AUD$120. Good times.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Jon Snow
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Khaderbhai
15 Feb 2017, 10:10 AM
Yes, really. Almost everything bought or sold in Australia is quoted in Australian dollars.
Ah trolling again. Bit old hat.

Almost everything, except that which isn't. Including iron ore and other commodities.

But please go ahead and embarrass yourself further.
herbie
15 Feb 2017, 04:39 AM
Has tha thought ever crossed ya mind Jon, that reckoning you've got a better overall feel for just how tha Oz economy operates than tha RBA, just might not be tha ideal way ta go?
Have you met anyone that works for the RBA?
Edited by Jon Snow, 15 Feb 2017, 07:30 PM.
Speak when you are angry and you will make the best speech you will ever regret.
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Khaderbhai
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Jon Snow
15 Feb 2017, 07:25 PM
Almost everything, except that which isn't. Including iron ore and other commodities.
The Australian dollar value is more relevant to Australia than any other currency in which commodities might be priced.

And it's all looking great. Let the good times roll...

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Edited by Khaderbhai, 15 Feb 2017, 07:52 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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Jon Snow
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Khaderbhai
15 Feb 2017, 07:51 PM
The Australian dollar value is more relevant to Australia than any other currency in which commodities might be priced.

Why?
Quote:
 
And it's all looking great. Let the good times roll...
LOL ... hedonism as economic policy. What could go wrong?
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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herbie
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Jon Snow
15 Feb 2017, 07:25 PM
Have you met anyone that works for the RBA?
Nope.

But me best mate woz a pretty senior advisor seconded ta Treasury while guv woz puttin' their last budget tagether.

'N just bye tha byes I asked him when he stayed wif me for a week last month just wot dirt tha Yanks had on tha Swiss ta makes 'em roll over on that bank account confidentiality thing?

But he just said "That's confidential" - 'Tho did remark that tha ATO enjoyed piggy backing on it all a lot - Plus a bit of other stuff ... LOL!


But back ta tha topic ... How's MB bin goin' wif their iron ore calls? ... :)
Edited by herbie, 15 Feb 2017, 09:03 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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