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AFR: Global rates are finally rising - and that's good news
Topic Started: 20 Jul 2017, 09:47 PM (1,982 Views)
GloomBoomDoom
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GAME OVER??

http://www.news.com.au/finance/economy/australian-economy/prime-minister-quietly-issues-warning-on-house-prices/news-story/44e9e47748b1451ae731c544638e848e
MSE
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herbie
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Rufus
21 Jul 2017, 02:58 PM
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.
I heard on tha grapevine just recently that wot wif Frummy's highly paid programmin' work for tha banks havin' dried up, MB's out ta get him on board as tha lead member of their specialist behind tha scenes financial advisory team? ... :)

Hmmm - Talkin' about MB ('n I don't usually make a habit of it), but I woz a bit disappointed yesterday when I went in there (which I don't make a habit of either) just ta see if as a bit of a supposedly somewot 'contrary' mob maybes, they might have written somethin' concurrin' wif me belief that all tha yabba about RBA rate rises woz crap - But Nope: Nix; Squat; Zilch (that I could see) - So eff all use ta no-one for mine. AND TO MAKE IT EVEN WORSE, whilst there I looked at an article on using super ta buy property - F*** me roan! Talk about a TOTAL heap of crap!!!
GloomBoomDoom
21 Jul 2017, 03:11 PM
Think Rat said recently he suspected Sydvegas might've peaked for this cycle GBD?
Edited by herbie, 21 Jul 2017, 05:46 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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b_b
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herbie
21 Jul 2017, 03:38 PM
Think Rat said recently he suspected Sydvegas might've peaked for this cycle GBD?
Yep - the gains have been made. Only the severity of the downturn in question.
(S – I) + (T - G) + (M - X) = 0
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Simon_S
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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
Quote:
 
Global rates are finally rising


Was this not about Global Rates Rising..........Nothing in your Waffle address that topic.

Nothing New.... :lol
b_b
21 Jul 2017, 03:49 PM
Only the severity of the downturn in question.
And yes I love those....... :lol


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
Yawn.....

I like this Bit:

Quote:
 
"Central bank asset purchases generate cross-border capital flows from investors seeking higher returns. Some of that we see directly in a higher Australian dollar exchange rate".

That said, Dr Debelle pushed back at the idea that Australia has lost control of its ability to manage its own settings.


Between a Rock and a Hard Place..... :lol

Canada's central bank increased interest rates to 0.75 per cent this month while the US Federal Reserve has raised rates four times over the past two years. Policymakers in Europe have also shifted to a less dovish stance.

Look they're Raising Rates......Globally....... :lol

Ahh.......Good Times......

Edited by Simon_S, 21 Jul 2017, 04:09 PM.
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herbie
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Simon_S
21 Jul 2017, 03:56 PM



Was this not about Global Rates Rising..........Nothing in your Waffle address that topic.

Nothing New.... :lol

And yes I love those....... :lol
Fully expect that someone as stupidly arrogant as you will ultimately manage ta irretrievably f*** yaself up tha arse regardless of wotever way pretty much any markets go Simons ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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herbie
21 Jul 2017, 04:09 PM
Fully expect that someone as stupidly arrogant as you will ultimately manage ta irretrievably f*** yaself up tha arse regardless of wotever way pretty much any markets go Simons ... :)
I sense anger...... :lol
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herbie
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Simon_S
21 Jul 2017, 04:12 PM
I sense anger...... :lol
More like jocularity me ole mate! - LOL

Hmmm - While I's a bit disappointed in bein' told me interest rates on me bank deposits ain't returnin' ta anything like tha old 'normal', it's gotta be good news tha youngs'll continue ta get ta pay their debt off cheap hey? ... :)
Edited by herbie, 21 Jul 2017, 04:19 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Trollie
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Simon_S
21 Jul 2017, 03:56 PM

And yes I love those.
You're not fooling anyone, you aren't old enough to know what a down turn is.

We all know the reason you went quiet a few weeks ago was mummy sent you off to camp for the school holidays.

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Simon_S
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Deutsche Bank boss calls on ECB to halt cheap money

Quote:
 
[FRANKFURT] Deutsche Bank chief executive John Cryan has called on the European Central Bank to change course on providing cheap money, warning he sees price bubbles in stocks, bonds and property.

"The era of cheap money in Europe should come to an end - despite the strong euro," Mr Cryan told a room full of bankers in Frankfurt on Wednesday, a day before the ECB's governors meet to discuss policy.

Low interest rates, money printing and a penalty charge for hoarding cash have been at the heart of attempts by the central bank to reinvigorate the 19-country euro zone economy in the wake of the 2008-09 financial crisis.

It has also imposed a heavy cost on still fragile banks, turning deposits into a hot potato that many would rather avoid so as not to pay charges to their central bank for storing them.


I especially like this bit:

Quote:
 
"We are now seeing signs of bubbles in more and more parts of the capital market," he said.


Bubbles, Bubbles, Toil and Troubles........

Ahh....Good Times..... :lol

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