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Charlie Aitken says the bear case for Australia is dead, expect synchronised growth for next 2 years; We could be in for a multi-year period where everything goes right for Australia
Topic Started: 10 Oct 2013, 11:15 AM (2,878 Views)
Mr Peabody
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I tend to agree. These are the very neighbours I have been searching for. I say bring on the OS investors!

http://www.liveleak.com/view?i=897_1381389071
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mango66
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skamy
10 Oct 2013, 11:27 AM
Oh for goodness sakes, we are growing and trading well with China, we complain about it and so does China, they think we have them by the throat with iron ore and we moan that we buy too much from them and on and on it goes.

The truth is we are in a great position for trade with all of Asia and it is up to us to make the most of it and believe me there are plenty of Ozzies gonna be doing just that as we move into the next cycle.

Thank goodness the negative moaners and groaners are getting less airplay as we move away from the GFC and move onto more positive times.
Your confusing positive with desperate. Enjoy the downturn coming your way in Perth Scammy. You Perth property bulls can form a group to talk about the good ol times before the downturn.
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peter fraser
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barns
10 Oct 2013, 07:11 PM
I saw a Bugatti Veyron when I was living in Tuscany in 2011. It was pretty cool and noisy and somehow suited being parked in a cobble stone courtyard of a small hill town. It was actually part of a ladies day sports car outing (all of the cars were driven (and maybe owned) by ladies. The Veyron really stood out among the 'normal' Ferraris and Porsches. Having said that I was more drawn to the 50s-60s silver gull wing Mercedes.
I used to be a mad classic sports car fan - I've had several.

The gull wing was an absolute classic. The last time I saw one was at the mothers day car meet at Macleans Bridge just south of Brisbane on the Beaudesert Hwy.

I used to spend every mothers day playing with old sports cars until my wife eventually convinced me that mothers day had something to do with her.

Why do women do that?
mango66
11 Oct 2013, 08:40 AM
Your confusing positive with desperate. Enjoy the downturn coming your way in Perth Scammy. You Perth property bulls can form a group to talk about the good ol times before the downturn.
The iron ore price is still quite high and both Rio and BHP have been ramping up export volumes.

Do you really see a sharp downturn happening in WA in the next decade. A pull back yes after the infrastructure boom, but a recession or severe downturn seems unlikely.

I see WA going from hot to warm, but not cold.
Edited by peter fraser, 11 Oct 2013, 09:08 AM.
Any expressed market opinion is my own and is not to be taken as financial advice
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Kulganis
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Not having a wife myself, I don't have the need to be tactful, I would say it isn't Wife day, if she is a mother, it's the children that need to do the pampering.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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barns
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Kulganis
11 Oct 2013, 09:11 AM
Not having a wife myself, I don't have the need to be tactful, I would say it isn't Wife day, if she is a mother, it's the children that need to do the pampering.
The first part of your statement is consistent with the second.
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
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Mike
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Dr Watson
10 Oct 2013, 11:32 AM
Without going into detail, I will just say this — if those 13 things happen, interest rates will be going up and house prices will start falling and confidence will fall with them. The only thing that's going right at the moment is the rally in the housing sector and that's entirely down to the heavy reduction in interest rates. The RBA has fired a lot of ammo this time.
While I agree interest rates will rise some time in 2014 due to strong economic growth, I do not agree with your reasoning.

The leading indicators have been very strong for a few months now which points to GDP growth of close to 4% in 2014.

I generally agree with the OP about s Australia's economic prospects for the next few years. Perhaps not all of the listed areas will perform as stated but most will.

I can see strong growth in median incomes over the next 5 year period which will drive other sectors of the economy including the property market.
http://mike-globaleconomy.blogspot.com.au/
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mango66
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peter fraser
11 Oct 2013, 09:02 AM
I used to be a mad classic sports car fan - I've had several.

The gull wing was an absolute classic. The last time I saw one was at the mothers day car meet at Macleans Bridge just south of Brisbane on the Beaudesert Hwy.

I used to spend every mothers day playing with old sports cars until my wife eventually convinced me that mothers day had something to do with her.

Why do women do that?

The iron ore price is still quite high and both Rio and BHP have been ramping up export volumes.

Do you really see a sharp downturn happening in WA in the next decade. A pull back yes after the infrastructure boom, but a recession or severe downturn seems unlikely.

I see WA going from hot to warm, but not cold.
Not just WA but all of Australia. Our economy is ticking over relatively well for now but of course it should given the interest rate settings. I cant see us getting through the next couple of years without a major recession. You only have to look at the US going further into debt time after time to realise sooner or later things will go bad for everyone. Our whole world is consumed by mortgage debt. It is amazing how the governments of the world cant see its the main reason why their economies are slowly decaying.
How long do you see interest rates set this low? I reckon it will last for a decade at least.
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peter fraser
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mango66
11 Oct 2013, 09:45 PM
Not just WA but all of Australia. Our economy is ticking over relatively well for now but of course it should given the interest rate settings. I cant see us getting through the next couple of years without a major recession. You only have to look at the US going further into debt time after time to realise sooner or later things will go bad for everyone. Our whole world is consumed by mortgage debt. It is amazing how the governments of the world cant see its the main reason why their economies are slowly decaying.
How long do you see interest rates set this low? I reckon it will last for a decade at least.
Rates may rise but not a lot.

I don't agree that we will have a recession in the next two years.

What signs make you sure of that.
Any expressed market opinion is my own and is not to be taken as financial advice
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goldbug
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expect synchronised growth for next 2 years

Why do they have to add these stupid adjectives all the time? Obviously so you won't confuse the new prediction for growth with the other ones they have been touting for the past 5 years.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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skamy
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mango66
11 Oct 2013, 08:40 AM
Your confusing positive with desperate. Enjoy the downturn coming your way in Perth Scammy. You Perth property bulls can form a group to talk about the good ol times before the downturn.
Still living in fantasy land I see
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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