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AFR: Global rates are finally rising - and that's good news
Topic Started: 20 Jul 2017, 09:47 PM (1,984 Views)
Rufus
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Simon_S
21 Jul 2017, 11:59 AM
Only their 2 year fixed.......Not all Loans.......that's a shame.... :lol
Fixed rates are being reviewed by all banks every month, sometimes they move up slightly, and sometimes they move down.

I get it that you are desperate to buy a house and to do that you need a crash, because you don't have enough money to buy one at current prices, and your losses from trading don't help one little bit.

I also get it that you snaffle up any story that seems to give hope to your need for a price crash. However real economists are pouring water over the story about the RBA raising the cash rate to 3.5%. b_b gave you correct information when he told you that the rate wasn't moving up anytime soon, but I understand, you need to put your hands over your ears and bury your head because any news that contradicts your hopes is just too devastating for you to bear.

Why don't you read this article quoting a DB economist that suggests the natural cash rate for the RBA is 1.75% - slightly above the current rate. That will give you a glimpse of hope and at the same time deliver the dose of reality that you seem to lack.

DB on the RBA's neutral cash rate at 3.5%. .. Nah (& probably added a LOL too)
http://news.forexlive.com/!/db-on-the-rbas-neutral-cash-rate-at-35-nah-probably-added-a-lol-too-20170721


Cheers,
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
21 Jul 2017, 12:22 PM
Fixed rates are being reviewed by all banks every month, sometimes they move up slightly, and sometimes they move down.

I get it that you are desperate to buy a house and to do that you need a crash, because you don't have enough money to buy one at current prices, and your losses from trading don't help one little bit.

I also get it that you snaffle up any story that seems to give hope to your need for a price crash. However real economists are pouring water over the story about the RBA raising the cash rate to 3.5%. b_b gave you correct information when he told you that the rate wasn't moving up anytime soon, but I understand, you need to put your hands over your ears and bury your head because any news that contradicts your hopes is just too devastating for you to bear.

Why don't you read this article quoting a DB economist that suggests the natural cash rate for the RBA is 1.75% - slightly above the current rate. That will give you a glimpse of hope and at the same time deliver the dose of reality that you seem to lack.

DB on the RBA's neutral cash rate at 3.5%. .. Nah (& probably added a LOL too)
http://news.forexlive.com/!/db-on-the-rbas-neutral-cash-rate-at-35-nah-probably-added-a-lol-too-20170721


Cheers,
Here it is again because you struggle with it so much:

Quote:
 
Global rates are finally rising


What Does GLOBAL mean again..........Does the RBA control GLOBAL(there it is again) Interest rates.....

A simple Yes or No will suffice.

This is what the BIS.....Oh better explain that too:

Bank Of International Settlements.....International is like Global.....not like the RBA which is local....

see if you can decipher what they are alluding to:

Quote:
 
High household debt levels amassed in the past decade have left Australian households among the most vulnerable to a sharp rise in global interest rates, the Bank for International Settlements warned on Sunday.


Its in RED in case you miss it again......and again.......and again.....

I'm sure you won't grasp it...... :lol

Edited by Simon_S, 21 Jul 2017, 12:37 PM.
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Rufus
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Simon_S
21 Jul 2017, 12:31 PM
Here it is again because you struggle with it so much:

What Does GLOBAL mean again..........Does the RBA control GLOBAL(there it is again) Interest rates.....

A simple Yes or No will suffice.

This is what the BIS.....Oh better explain that too:

Bank Of International Settlements.....International is like Global.....not like the RBA which is local....

see if you can decipher what they are alluding to:

Its in RED in case you miss it again......and again.......and again.....

I'm sure you won't grasp it...... :lol
Now that's a post of sheer desperation with a complete inability to understand the difference between local and global economic conditions.

Don't you even know that our rates are already above the rates of most G20 nations, and we're waiting for them to catch up.

Poor Simon......
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
21 Jul 2017, 12:42 PM
Don't you even know that our rates are already above the rates of most G20 nations, and we're waiting for them to catch up.
Yes they are Rising Globally........ :lol

Catching up indeed...... :lol

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b_b
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Simon_S
21 Jul 2017, 11:34 AM
You mean provide a link to an article that states that Central Banks are Tightening is Cherry Picking.

Feel free to provide any evidence that Interest Rates are currently Falling.....

Bank for International Settlements sends warning with Australian household debt at all-time high




I guess the BIS has no Idea because Interest Rates are Falling Globally according to You.

You must be really get Raped with all those Recent Rate Rises you pretend aren't happening.... :lol

Yes - typical strategy Simon. When you are called out, you simply divert / change topic / wriggle wriggle

Simon, the reason its is so easy to make you look foolish is because you have outsourced your thought process. Because you have no real understanding of finance or banking you rely on the opinions of others, which over time ensures your entire narrative is inconsistent and unconvincing.

Real market practitioners form their own options built around a robust framework. Simply foliowing the latest talking heads in the SMH or the fin review offers no real advantage.

One day you may understand.
(S – I) + (T - G) + (M - X) = 0
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Rufus
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b_b
21 Jul 2017, 01:36 PM
Yes - typical strategy Simon. When you are called out, you simply divert / change topic / wriggle wriggle

Simon, the reason its is so easy to make you look foolish is because you have outsourced your thought process. Because you have no real understanding of finance or banking you rely on the opinions of others, which over time ensures your entire narrative is inconsistent and unconvincing.

Real market practitioners form their own options built around a robust framework. Simply foliowing the latest talking heads in the SMH or the fin review offers no real advantage.

One day you may understand.
Debelle has clarified it, although it's hard to see Simon understanding that.

http://www.afr.com/news/economy/monetary-policy/rbas-guy-debelle-puts-brakes-on-rate-hike-talk-20170721-gxfp0b
Take risks - if you win you will become wealthy, if you lose you will become wise
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b_b
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Rufus
21 Jul 2017, 02:17 PM
Debelle has clarified it, although it's hard to see Simon understanding that.

http://www.afr.com/news/economy/monetary-policy/rbas-guy-debelle-puts-brakes-on-rate-hike-talk-20170721-gxfp0b
Thanks for the link. I see bonds and currency acting accordingly.

Given Simon thought rates were going up soon, it looks like he has been wrong footed by the markets yet again - no doubt resulting in another trading loss.

This is what happens when your "cutting edge analysis" comes from the SMH. :lol :lol
Edited by b_b, 21 Jul 2017, 02:28 PM.
(S – I) + (T - G) + (M - X) = 0
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Rufus
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b_b
21 Jul 2017, 02:26 PM
Thanks for the link. I see bonds and currency acting accordingly.

Given Simon thought rates were going up soon, it looks like he has been wrong footed by the markets yet again - no doubt resulting in another trading loss.

This is what happens when your "cutting edge analysis" comes from the SMH. :lol :lol
Reading the headlines is what the high speed traders do, but they're in and out in the blink of an eye, they would have done very well on this little bit of false news.

Of course that's not Simon.
Take risks - if you win you will become wealthy, if you lose you will become wise
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herbie
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Rufus
21 Jul 2017, 02:17 PM
Debelle has clarified it, although it's hard to see Simon understanding that.

http://www.afr.com/news/economy/monetary-policy/rbas-guy-debelle-puts-brakes-on-rate-hike-talk-20170721-gxfp0b
Yep, even ole herbie woz bright enough ta work that out all by hisself wifout needin' tha RBA ta specifically tell him.

Hmmm - But wot they HAS told me that woz potentially useful I 'spose, is that their 'average' (if that's tha right word?) interest rate just AIN'T goin' back ta wot it woz pre-GFC.

LOL, I imagine CJ'll be pissed? ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rufus
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herbie
21 Jul 2017, 02:47 PM
Yep, even ole herbie woz bright enough ta work that out all by hisself wifout needin' tha RBA ta specifically tell him.

Hmmm - But wot they HAS told me that woz potentially useful I 'spose, is that their 'average' (if that's tha right word?) interest rate just AIN'T goin' back ta wot it woz pre-GFC.

LOL, I imagine CJ'll be pissed? ... :)
Yep CJ will be pissed, but not nearly as disappointed as Simon.
His whole business model for a house purchase is based on a market crash caused by rising rates.

Go long Kleenex Tissues.

Frummy won't be happy either. He's been quiet lately. He's either on holidays or quietly negotiating on a house. If John Frum buys in Sydney, it probably will signal a market peak.
Edited by Rufus, 21 Jul 2017, 03:00 PM.
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