Welcome Guest [Log In] [Register]


Reply
Australia's one trick pony is heading out to pasture; Mining boom over, what's the next money maker? Troubling for Australia, there's nothing.
Topic Started: 16 Dec 2012, 11:17 PM (10,367 Views)
earthsta
Default APF Avatar


timmy
19 Dec 2012, 01:26 PM
actually i'm a university educated professional. but unlike you i don't look down my nose at people with lower skilled jobs, since someone has to do it.

typical gen-y behavior, you think you're too good for anything other than management level when you're really the weakest link.
Didn't realise you needed an arts degree to clean shithouses! There ya go!
Profile "REPLY WITH QUOTE" Go to top
 
Pig Iron
Member Avatar
Bogan scum

earthsta
19 Dec 2012, 10:19 PM
Didn't realise you needed an arts degree to clean shithouses! There ya go!
remind what the iron ore price is today?
I am the love child of Tony Abbott and Pauline Hanson
Profile "REPLY WITH QUOTE" Go to top
 
Sweetdish
Default APF Avatar


Timo
16 Dec 2012, 11:17 PM
Australia's mining boom is officially over, the one trick pony is heading out to pasture and we are wondering what show will take the ponies place once it retires.

Problem is, there are no more ponies or even side acts to keep this show on the road. Second problem is, the circus tent (aka Australian housing) is so expensive that without the pony doing tricks, the show is over.

An interesting article about the impact of our one-eyed slavery to the notion housing never falls, and some thought provoking reading about what happens when the mining boom continues to contract.

This is a dire warning to those out there thinking about tying a noose around their necks in the form of a over-valued mortgage.

Hopefully we will see some good news stories about improved housing affordability, to lessen the impact of the minimg slow down.

http://www.smh.com.au/business/warning-after-the-boom-itll-be-dutch-and-go-20120829-2513n.html
For once, I agree with you.
Profile "REPLY WITH QUOTE" Go to top
 
Timo
Default APF Avatar


timmy
19 Dec 2012, 01:48 PM
I can't keep up with your wild mood swings and contradictory statements Timo.

where did i say i was a fighter for the under dogs? i just don't look down on them like you do you self important little goat pebble.
Don't worry about trying to keep up with me, you lost the race before you even started. What you interpret as mood swings are things which make too much sense for a knob like you to comprehend.

The only thing you need to keep up with thus is your rising negative equity.

My point remains, don't try paint yourself as a mater of the lowly skilled, if scum like you have their way, the lowly skilled would never be able to have a home to call their own. Your truly sick.


Frank Castle
19 Dec 2012, 01:50 PM
Posted Image

He needs to reach across and take some of Crazy Danno/Dave/Ted's Lithium

Posted Image
Showing off some of your vices Frank? Toilets, kiddies and psych meds?

You really are as sick as timmy.
Edited by Timo, 20 Dec 2012, 08:00 AM.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Profile "REPLY WITH QUOTE" Go to top
 
mango66
Member Avatar


Veritas
17 Dec 2012, 06:08 PM
Be that as it may, its not as if making the transition would be easy.

Far from it. Check out WA for example. The reliance on mining is well documented. But in second place is property. Houses and holes.

Posted Image
Check the construction on that graph. Probably explains the high property contribution. Shouldn't it be the other way around?
Profile "REPLY WITH QUOTE" Go to top
 
Pig Iron
Member Avatar
Bogan scum

Timo
20 Dec 2012, 07:57 AM
Don't worry about trying to keep up with me, you lost the race before you even started. What you interpret as mood swings are things which make too much sense for a knob like you to comprehend.

The only thing you need to keep up with thus is your rising negative equity.

My point remains, don't try paint yourself as a mater of the lowly skilled, if scum like you have their way, the lowly skilled would never be able to have a home to call their own. Your truly sick.
I guess when facts and logic don't support your views, you MUST retreat into fantasy.
mango66
20 Dec 2012, 08:28 AM
Check the construction on that graph. Probably explains the high property contribution. Shouldn't it be the other way around?
depends what they are counting i guess. if it's stamp duty etc in there it'd be higher.
Edited by Pig Iron, 20 Dec 2012, 10:38 AM.
I am the love child of Tony Abbott and Pauline Hanson
Profile "REPLY WITH QUOTE" Go to top
 
Admin
Member Avatar
Administrator

Quote:
 
Treasurer declares time on side of mining boom

January 19, 2013
Philip Wen

TREASURER Wayne Swan says the mining boom ''still has a long way to run'' despite a sharp dip in projected takings from the industry forcing the federal government to backtrack from its promise to deliver a budget surplus.

The volatility in commodity prices has also wreaked havoc in the boardrooms of major global miners in recent months, with Rio Tinto chief executive Tom Albanese the latest to depart this week.

Speaking in New York, the Treasurer said talk of the mining boom being over was ''claptrap'' and that the peak in commodity prices a year ago was ''expected''.

He said a mining boom typically had three overlapping phases: a boom in prices, then investment, and then in production.

''We passed the peak in prices a bit over a year ago as we'd expected, but we also see our terms of trade remaining at historically high levels. And the second and third phases of the boom still have a way to run.''

Mr Swan used the prominent speech, at the G'Day USA Financial Services luncheon, to set up his economic agenda for the upcoming election campaign. He said he was ''cautiously optimistic'' about the state of the global economy, and believed 2013 could be a better year for global recovery if governments supported jobs and growth.

Mr Swan said Australia remained well placed to benefit from China's continued strong growth, particularly with the latest economic data suggesting the world's second-largest economy was stabilising. China reported solid year-on-year economic growth of 7.9 per cent on Friday.

Read more: http://www.theage.com.au/business/treasurer-declares-time-on-side-of-mining-boom-20130118-2cyth.html
Follow OzPropertyForum on Twitter | Like APF on Facebook | Circle APF on Google+
Profile "REPLY WITH QUOTE" Go to top
 
Timo
Default APF Avatar


Timo
16 Dec 2012, 11:17 PM
Australia's mining boom is officially over, the one trick pony is heading out to pasture and we are wondering what show will take the ponies place once it retires.

Problem is, there are no more ponies or even side acts to keep this show on the road. Second problem is, the circus tent (aka Australian housing) is so expensive that without the pony doing tricks, the show is over.

An interesting article about the impact of our one-eyed slavery to the notion housing never falls, and some thought provoking reading about what happens when the mining boom continues to contract.

This is a dire warning to those out there thinking about tying a noose around their necks in the form of a over-valued mortgage.

Hopefully we will see some good news stories about improved housing affordability, to lessen the impact of the minimg slow down.

http://www.smh.com.au/business/warning-after-the-boom-itll-be-dutch-and-go-20120829-2513n.html
http://www.theage.com.au/business/australias-looming-economic-adjustment-20130415-2humd.html

Bulls, bulls, where for art thou Bulls?

More evidence the one trick Pony is heading out to pasture along with fuel adding to the S.C.U.M effect - Speculation Creates Unsustainable Mortgages!
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Profile "REPLY WITH QUOTE" Go to top
 
miw
Member Avatar


Timo
16 Apr 2013, 05:34 AM
More evidence the one trick Pony is heading out to pasture along with fuel adding to the S.C.U.M effect - Speculation Creates Unsustainable Mortgages!
Another in the series of Timo's Unhinged Rant Dispatches.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
Profile "REPLY WITH QUOTE" Go to top
 
Timo
Default APF Avatar


miw
16 Apr 2013, 07:21 AM
Another in the series of Timo's Unhinged Rant Dispatches.
And the Real Estate vested speculfestor's definition of unhinged = anyone not wanting to buy into A.R.E.P.S (Australian Real Estate Ponzi Scheme) and see's the damage that the S.C.U.M effect (Speculation Creates Unsustainable Mortgages) causes.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Join the millions that use us for their forum communities. Create your own forum today.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



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