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Australia is screwed; Mish again
Topic Started: 23 Apr 2012, 07:57 AM (4,342 Views)
Wisebear
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Another warning from Mish: Here

Quote:
 
In short, Australian banks are screwed, retailers are screwed, home owners are screwed, home builders are screwed, those long Australian stocks will be screwed, and those expecting strong commodity prices to bail out Australia will also be screwed.

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Frank Castle
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Business As Usual

Wisebear
23 Apr 2012, 07:57 AM
Another warning from Mish:In short, Australian banks are screwed, retailers are screwed, home owners are screwed, home builders are screwed, those long Australian stocks will be screwed, and those expecting strong commodity prices to bail out Australia will also be screwed.
He sounds very angry if not a little bit unbalanced

Posted Image

I wonder if he was banging his fists on the desk with a vein throbbing on his temple

Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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peter fraser
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Wisebear
23 Apr 2012, 07:57 AM
Another warning from Mish: Here


Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.

It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.

Any expressed market opinion is my own and is not to be taken as financial advice
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Black Panther
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peter fraser
23 Apr 2012, 08:26 AM
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.

It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.

RE "vunerable disenfranchised members of our community."

Correct, but I would add feeble minded.

Also I am noticing that many of the Bear Big Hitters are becoming more shrill now that the US economy is slowly picking up.

They are desperate for sure.

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Rastus2
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peter fraser
23 Apr 2012, 08:26 AM
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.

It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.

with regard to the letter from brisbane itself...

Woolworth's, one of our biggest retailer/supermarket companies, just had their worst quarter in 13 years. Woolworth's is about as bullet proof a company as you can get in Australia. It is the bluest of blue chip companies.


The price war between it and coles has had an impact on it as well as the retail pull back, but IMHO one of the major killers of profit for them is their venture into hardware via the large Masters roll out...

I have tried to find details that separate the income from Masters from the rest of their revenue but suspect it is doing badly.

Our local Masters is almost always near empty (except for staff)... prices are not competitive and Bunnings has really lifted it's game recently.
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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peter fraser
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Rastus2
23 Apr 2012, 08:44 AM
peter fraser
23 Apr 2012, 08:26 AM
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.

It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.

with regard to the letter from brisbane itself...

Woolworth's, one of our biggest retailer/supermarket companies, just had their worst quarter in 13 years. Woolworth's is about as bullet proof a company as you can get in Australia. It is the bluest of blue chip companies.


The price war between it and coles has had an impact on it as well as the retail pull back, but IMHO one of the major killers of profit for them is their venture into hardware via the large Masters roll out...

I have tried to find details that separate the income from Masters from the rest of their revenue but suspect it is doing badly.

Our local Masters is almost always near empty (except for staff)... prices are not competitive and Bunnings has really lifted it's game recently.
You're probably right, I hadn't considered that. In fact I have never been to a Masters store - Bunnings is closer and I haven't been using hardware or timber supplies much lately.

In any case though retail is going through a revolution - whether Woolworths gets it right with online sales is yet to be seen. Woolworths have been reliable shares in the past. The war between Woolworths and Coles is probably wiping out some competition, so those two chains will have a larger market share when they halt the war, so the end game may be ok for them.



Any expressed market opinion is my own and is not to be taken as financial advice
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Elastic
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Black Panther
23 Apr 2012, 08:40 AM
RE "vunerable disenfranchised members of our community."

Correct, but I would add feeble minded.

Also I am noticing that many of the Bear Big Hitters are becoming more shrill now that the US economy is slowly picking up.

They are desperate for sure.
I just laugh every time I hear about America's "recovery".
They are running $1.5T budget deficits to maintain this recovery.
Wondering what the true size of the American economy would be if you shaved $1.5T off government spending?
Only a rat can win a rat race.

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TED BULLPIT
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Black Panther
23 Apr 2012, 08:40 AM
peter fraser
23 Apr 2012, 08:26 AM
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.

It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.

RE "vunerable disenfranchised members of our community."

Correct, but I would add feeble minded.

Also I am noticing that many of the Bear Big Hitters are becoming more shrill now that the US economy is slowly picking up.

They are desperate for sure.

The US economy IS WELL AND TRULY FINISHED , to entertain otherwise shows what a gullible dope you are ;)

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TED BULLPIT
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TED BULLPIT
23 Apr 2012, 10:37 AM
Black Panther
23 Apr 2012, 08:40 AM
peter fraser
23 Apr 2012, 08:26 AM
Mish needs to move on and start giving financial advice again instead of trying to boost the visitor numbers to his website by writing doomsday posts to draw in the vunerable disenfranchised members of our community.

It's no longer working for similar websites either. They certainly have every right to sell their product, but they will need to develop another tactic and perhaps start giving away some real advice instead to draw in the players.

RE "vunerable disenfranchised members of our community."

Correct, but I would add feeble minded.

Also I am noticing that many of the Bear Big Hitters are becoming more shrill now that the US economy is slowly picking up.

They are desperate for sure.

The US economy IS WELL AND TRULY FINISHED , to entertain otherwise shows what a gullible dope you are ;)

Did I mention we only make $80 per tonne of iron ore now as opposed to $ 140 per tonne six months ago , it will just slowly drop away as we have seen . Your days are very very numbered BP both on here and in real life , you were told over and over but continued your braindead rants on here . :wak:

:lol
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TED BULLPIT
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Mr Castle is screwed ;)

Rental vacancies UP 8.4% YOY :lol
Stock on market UP 9.3% YOY :lol
Profit per tonne of iron ore now about $80 , instead of about $140 six months ago and soon to be less :lol
I could make a list longer than your arm and might just do that
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