Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 4
Australia is screwed; Mish again
Topic Started: 23 Apr 2012, 07:57 AM (4,344 Views)
peter fraser
Member Avatar


TED BULLPIT
23 Apr 2012, 10:41 AM
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
just in case anyone is interested in the real price of Iron Ore - it's now $148 per tonne, which is a little more than Teds claim of $80.

http://www.bloomberg.com/quote/TSIPIO62:IND

But I suppose we should be grateful, that's his most accurate piece of information to date.

Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
TED BULLPIT
Member Avatar


peter fraser
23 Apr 2012, 11:34 AM
just in case anyone is interested in the real price of Iron Ore - it's now $148 per tonne, which is a little more than Teds claim of $80.

http://www.bloomberg.com/quote/TSIPIO62:IND

But I suppose we should be grateful, that's his most accurate piece of information to date.

I was referring to the amount of profit per tonne after taking out the mining cost of $50 per tonne.

So for the uneducated or smartarses if that is the case . We were getting 190 per tonne , take out 50 per tonne mining cost and you have a profit of about 140 per tonne. When it dropped to 130 per tonne take out your 50 dollar mining cost you are left with closer to 80 PROFIT per tonne. Hope you understand things a bit more clearly now Mr Fraser , I would normally expect better of you , maybe I was expecting to much ;)

Thats nearly half the profit of six months ago . It may have creeped back up a bit which is usually naturally the case after such a huge fall , but with emerging economies and demand now slowing it will get cheaper and cheaper. ;)
Profile "REPLY WITH QUOTE" Go to top
 
audas
Member Avatar


peter fraser
23 Apr 2012, 11:34 AM
just in case anyone is interested in the real price of Iron Ore - it's now $148 per tonne, which is a little more than Teds claim of $80.

http://www.bloomberg.com/quote/TSIPIO62:IND

But I suppose we should be grateful, that's his most accurate piece of information to date.
Lets set the record straight then shall we Peter ? what is being referred to, and is all over the front page of every major online news aggregator is this report

http://www.scribd.com/doc/90674359/Hurst-Africafeo-Eaber-Final

Which is forecasting it to go there.

Even so - also all over the news today is the FACT that Iron Ore prices are being propped up right now by market manipulation and restricting production and supply - so the forecast in the aforementioned article is even worse.

Lets combine this with the $600billion pipe line in mining development in Australia ALONE (OOPS - this will make things worse), plus the HUGELY increased capacity in Brazil and China itself over the next 5 years.


On top of all this the current price is a massive fall from its peak in July (? am so sick of pointing out this crash you can go find it yourself) last year -

So JUST IN CASE ANYONE IE INTERESTED IN THE REAL PRICE of Iron Ore it is massively down on last year, and the forecast is for an almost 50% drop in earnings based on Africas output - not even including the already massive declines, massive scale back in production to artificially adjust prices, massive investment pipelines in Australia, China and Brazil all coming online - all of which I warned about in a post several months ago - and was insulted by spruiker bulls.


So lets see - demand for Australian Iron Ore coming from the Chinese building boom - how is that BOOM LOOKING RIGHT NOW PETER ???


Chinese developers are bankrupting left right and center as the shadow market collapses :

http://www.reuters.com/article/2012/04/20/china-developers-bankruptcy-idUSL3E8FK2CD20120420

Chinese real estate prices are falling in a majority of cities

http://www.bloomberg.com/news/2012-04-18/china-home-prices-fall-in-more-than-half-cities-tracked.html

Raising concerns
http://articles.marketwatch.com/2012-04-18/economy/31356361_1_home-prices-residential-housing-prices-price-activity


US Student Loan crisis about to hit forecasting another bail out
http://www.huffingtonpost.com/2012/04/10/jpmorgan-chase-student-loan-market_n_1412654.html?ref=business&ir=Business

EU debt crisis worsens

http://www.smh.com.au/business/world-business/spain-france-bonds-fall-amid-renewed-debt-crisis-20120420-1xamn.html
Bonds are failing
http://www.businessweek.com/news/2012-04-19/spanish-notes-rise-for-a-third-day-after-debt-auctions

And while we are at it lets look at Australia's largest non mining housing state, Victoria and how thats looking

http://www.propertyobserver.com.au/residential/melbourne-housing-market-on-the-wrong-side-of-the-ledger-residex-boss-john-edwards/2012041954363

:hmm: :?:


Why you post is beyond me ?
Profile "REPLY WITH QUOTE" Go to top
 
TED BULLPIT
Member Avatar


audas
23 Apr 2012, 12:53 PM
Why you post is beyond me ?
Absolute brilliance audas, reality kicking in Peter , Franky , Shadow ,Bp ,kennyjaiz. FUCK YOU :lol



edit : Please forgive me if I have left anybody out :bye:

Edit again: I was referring to your whole post audas and had quoted the whole post but for some reason it did not show up . :tu:
Edited by TED BULLPIT, 23 Apr 2012, 02:06 PM.
Profile "REPLY WITH QUOTE" Go to top
 
peter fraser
Member Avatar


TED BULLPIT
23 Apr 2012, 11:42 AM
peter fraser
23 Apr 2012, 11:34 AM
just in case anyone is interested in the real price of Iron Ore - it's now $148 per tonne, which is a little more than Teds claim of $80.

http://www.bloomberg.com/quote/TSIPIO62:IND

But I suppose we should be grateful, that's his most accurate piece of information to date.

I was referring to the amount of profit per tonne after taking out the mining cost of $50 per tonne.

So for the uneducated or smartarses if that is the case . We were getting 190 per tonne , take out 50 per tonne mining cost and you have a profit of about 140 per tonne. When it dropped to 130 per tonne take out your 50 dollar mining cost you are left with closer to 80 PROFIT per tonne. Hope you understand things a bit more clearly now Mr Fraser , I would normally expect better of you , maybe I was expecting to much ;)

Thats nearly half the profit of six months ago . It may have creeped back up a bit which is usually naturally the case after such a huge fall , but with emerging economies and demand now slowing it will get cheaper and cheaper. ;)
Sorry Ted I have been elsewhere.

You are right, you did say profit, I misread that.

My apologies.

audas - you raise some good points, but thus far you have not been proven correct on your call.

We will see how it works out.

Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
dave289
Member Avatar


peter fraser
23 Apr 2012, 02:11 PM
Sorry Ted I have been elsewhere.

You are right, you did say profit, I misread that.

My apologies.

audas - you raise some good points, but thus far you have not been proven correct on your call.

We will see how it works out.
See how it works out , you say.

You sure will :bye:

And hello boys :)
Edited by dave289, 23 Apr 2012, 02:22 PM.
Profile "REPLY WITH QUOTE" Go to top
 
TED BULLPIT
Member Avatar


peter fraser
23 Apr 2012, 02:11 PM
TED BULLPIT
23 Apr 2012, 11:42 AM
peter fraser
23 Apr 2012, 11:34 AM
just in case anyone is interested in the real price of Iron Ore - it's now $148 per tonne, which is a little more than Teds claim of $80.

http://www.bloomberg.com/quote/TSIPIO62:IND

But I suppose we should be grateful, that's his most accurate piece of information to date.

I was referring to the amount of profit per tonne after taking out the mining cost of $50 per tonne.

So for the uneducated or smartarses if that is the case . We were getting 190 per tonne , take out 50 per tonne mining cost and you have a profit of about 140 per tonne. When it dropped to 130 per tonne take out your 50 dollar mining cost you are left with closer to 80 PROFIT per tonne. Hope you understand things a bit more clearly now Mr Fraser , I would normally expect better of you , maybe I was expecting to much ;)

Thats nearly half the profit of six months ago . It may have creeped back up a bit which is usually naturally the case after such a huge fall , but with emerging economies and demand now slowing it will get cheaper and cheaper. ;)
Sorry Ted I have been elsewhere.

You are right, you did say profit, I misread that.

My apologies.

audas - you raise some good points, but thus far you have not been proven correct on your call.

We will see how it works out.

No problem I can see you are becoming more confused bye the day ;)

I guess we will see how things go. :lol
Profile "REPLY WITH QUOTE" Go to top
 
Catweasel
Member Avatar


peter fraser
23 Apr 2012, 02:11 PM


We will see how it works out.
Catweasel laugh.

Crikey, if there were ever the express of a unknown future, it have to be the this one. It like the listening to a cardigan or the chaplain.

Catweasel say but cannot it not extend the mind map a little the further? Expert/white shoe/mouzealots screaming for a eventuality locked into a world of the certainty.

And a mouse the one who have to stump up a risky.

All another one to do is to clip the ticket of its risky.

But why a narrative basically a same as in a 2007 or a 2009 or when the ever the mental mass decide something change for a better?

If mouse not the so mentally weak, it could be classed as batshit mad.
Profile "REPLY WITH QUOTE" Go to top
 
TED BULLPIT
Member Avatar


Catweasel
23 Apr 2012, 02:29 PM
peter fraser
23 Apr 2012, 02:11 PM


We will see how it works out.
Catweasel laugh.

Crikey, if there were ever the express of a unknown future, it have to be the this one. It like the listening to a cardigan or the chaplain.

Catweasel say but cannot it not extend the mind map a little the further? Expert/white shoe/mouzealots screaming for a eventuality locked into a world of the certainty.

And a mouse the one who have to stump up a risky.

All another one to do is to clip the ticket of its risky.

But why a narrative basically a same as in a 2007 or a 2009 or when the ever the mental mass decide something change for a better?

If mouse not the so mentally weak, it could be classed as batshit mad.
Mad as batshit :lol

See how it works out :lol

Oh Mr Fraser ....... :bl:
Profile "REPLY WITH QUOTE" Go to top
 
Catweasel
Member Avatar


TED BULLPIT
23 Apr 2012, 02:47 PM
Mad as batshit :lol

See how it works out :lol

Oh Mr Fraser ....... :bl:
Catweasel say it on a different the spiritual tangent as a Ted.

But any the way,

It can see the recurring assault on mouse skull from expert/white shoe/mouzealots:

If a future turn out to be better in a mouse house the prices, it taunt mouse emotion with accuse of fail. Of the course, mouzealot tend to turn this one into the nasty, but of the course it the decision that cannot be the base upon a rationality or logic. It actually the decide purely on a luck.

Hell, even a Greenspan cannot predict a future even with thousands of loyal pointy heads, so how does it expect mouse to do a any the better?

In the case of a Australia, where mouse house is a arguably a sky the high (despite what narrative say), it can see the eventuality:

1.) Mouse house not a make a fortune for mouse (even the potentially cost it much the more)

2.) Mouse the house potentially the disastrous use of its own the money (particularly if it a fall the backwards)

But such a reality never the rebound in skull because of narrative of expert and white shoe (and sometimes the master, who can always remove itself from any the responsibility).
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 4



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy