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This is a very encouraging signal on the outlook for hiring in Australia
Topic Started: 20 Jul 2017, 09:55 AM (2,524 Views)
Simon_S
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Rat
20 Jul 2017, 11:58 PM
The record is the current level - over $6 trillion now...

http://www.australiandebtclock.com.au/

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No idea what it was in 1890 but it would have been much lower than that.
Here it is again so you can compare the 1890's high to when you believe we surpassed it:

Posted Image

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Rat
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Filthy Rodent

Simon_S
21 Jul 2017, 12:01 AM
Here it is again so you can compare the 1890's high to when you believe we surpassed it:
That chart doesn't tell us how much debt we had in 1890. We currently have over $6 trillion.
Edited by Rat, 21 Jul 2017, 12:03 AM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Simon_S
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Rat
21 Jul 2017, 12:03 AM
That chart doesn't tell us how much debt we had in 1890. We currently have over $6 trillion.
Struggling.....
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Rat
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Filthy Rodent

Simon_S
 
Struggling
Clearly. Probably best if we go back to the beginning. You might get it the second time around.
Simon_S
20 Jul 2017, 10:41 PM
What Rising Rates will do at a time of Record Debt
Rates often rise at a time of record debt. It has happened many times over the past century.
Edited by Rat, 21 Jul 2017, 12:13 AM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Simon_S
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Rat
21 Jul 2017, 12:11 AM
Rates often rise at a time of record debt. It has happened many times over the past century.
Here it is again since you missed it so many times.....

Now tell us when we passed the 1890's high.....Record Private DEBT to GDP?

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Whats that....Rates have been falling since the 1990's peak.......

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Rat
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Simon_S
21 Jul 2017, 12:15 AM
Now tell us when we passed the 1890's high.....Record Private DEBT to GDP?
You've gone off on a tangent. I said rates often rise at a time of record debt. It has happened many times over the past century.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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eloi75
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Rat
20 Jul 2017, 10:50 PM
Rates often rise at a time of record debt. It has happened many times over the past century.
and everytime it leads to economic turmoil. The 90's recession we had to have comes to mind.
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Simon_S
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Rat
21 Jul 2017, 12:20 AM
I said
Its not what you said but what you purposely omitted from your original statement that you thought you were clever.......meh.

Tell us again when did we surpass the Record of 1890.....DEBT TO GDP so as not to confuse you.

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Rat
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eloi75
21 Jul 2017, 12:28 AM
everytime it leads to economic turmoil
You believe all of these rate rises led to economic turmoil? (I could go back further but can't be bothered).

3 Nov 2010 +0.25 4.75
5 May 2010 +0.25 4.50
7 Apr 2010 +0.25 4.25
3 Mar 2010 +0.25 4.00
2 Dec 2009 +0.25 3.75
4 Nov 2009 +0.25 3.50
7 Oct 2009 +0.25 3.25
5 Mar 2008 +0.25 7.25
6 Feb 2008 +0.25 7.00
7 Nov 2007 +0.25 6.75
8 Aug 2007 +0.25 6.50
8 Nov 2006 +0.25 6.25
2 Aug 2006 +0.25 6.00
3 May 2006 +0.25 5.75
2 Mar 2005 +0.25 5.50
3 Dec 2003 +0.25 5.25
5 Nov 2003 +0.25 5.00
5 Jun 2002 +0.25 4.75
8 May 2002 +0.25 4.50
2 Aug 2000 +0.25 6.25
3 May 2000 +0.25 6.00
5 Apr 2000 +0.25 5.75
2 Feb 2000 +0.50 5.50
3 Nov 1999 +0.25 5.00
14 Dec 1994 +1.00 7.50
24 Oct 1994 +1.00 6.50
17 Aug 1994 +0.75 5.50



Simon_S
21 Jul 2017, 12:33 AM
Rat
 
I said rates often rise at a time of record debt. It has happened many times over the past century.
Its not what you said
It's exactly what I said, and it seems you don't disagree. I'm not interested in your other tangents.
Edited by Rat, 21 Jul 2017, 12:38 AM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Simon_S
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Rat
21 Jul 2017, 12:35 AM
. I'm not interested in your other tangents.
DEBT TO GDP is a TANGENT.......

BWAHAHHAHAHAHHAHAHAHHAHAHAHHAHAHA.

What since 1994.......

BWAHAHAHAHHAHAHAHHAHAHHAHAHAHAHHA.

Recency Bias at its Best.... :lol
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