World Financial Crisis Over ?

[Auspm]

Is that the best explanation youve got ? . :lol: hahahaha....... good work .We are a totally seperate economy than the us .. Thats like saying spain is fkd so germany must be too ..... Some places can hold their own & we are one of them our dollar isnt where it is by accident . Weve got enough foreign investment dollars coming in because they think its the best of a bad bunch to keep things afloat for a few years yet . Not to mention the raw materials supply that will continue even if china hits the skids( before any fool says it ) . We still sell to many other countries that will trickle us along nicely for a long time to come
.

[youtube]http://www.youtube.com/watch?v=mor10bQYiB8[/youtube]

[youtube]http://www.youtube.com/watch?v=1PLr2pKkzEs[/youtube]

It's clear which bed you're in...Mr 'Renovator'

 

[valuecreator]

Im waiting for you explanation on why oz is in an emergency . ?

Because we're a pimple on the US ass, and the US is in an emergency.

Is that the best explanation youve got ? . :lol: hahahaha....... good work .We are a totally seperate economy than the us .. Thats like saying spain is fkd so germany must be too ..... Some places can hold their own & we are one of them our dollar isnt where it is by accident . Weve got enough foreign investment dollars coming in because they think its the best of a bad bunch to keep things afloat for a few years yet . Not to mention the raw materials supply that will continue even if china hits the skids( before any fool says it ) . We still sell to many other countries that will trickle us along nicely for a long time to come
.

I like to keep it simple for guys like you

 

[Eureka Moments]

Me thinks you don't understand the 'global' in 'global economy'.

Why did the RBA drop rates reno? Why are they so low?

It's a prosperous time, should we not be beefing up rates and boosting our dollar?

I think you may yet again be stuck in the thinking pattern of 'if it sems good for me right now, it must be good on the whole'. Your perspective is internally facing, and that's why you can't see the big picture. It's okay, you have plenty of company across the country.

Please explain how beefing up our rates and boosting our dollar is a good thing for our economy?

 

[Big A.D.]

Headlines from "The Australian" Thursday 3rd Jan 2013.

World Financial Crisis is over.

Share markets worldwide on the rise!

What do you think?

I think it's January.

Everyone is optimistic in January.

New year, new start, new opportunities, blah, blah, blah.

It'll wear off soon enough.

 

[Auspm]

I think it's January.

Everyone is optimistic in January.

New year, new start, new opportunities, blah, blah, blah.

It'll wear off soon enough.

If you're a PI, it's optimism all year round!

[youtube]http://www.youtube.com/watch?v=8ljsPqIfPD0[/youtube]

YATTA!

 

[valuecreator]

that bubble's gonna pop, either you like it or not

 

[Auspm]

http://forums.silverstackers.com/uploads/9556_medianwealth.jpg

that bubble's gonna pop, either you like it or not

For a country running virtually 100% of resource exports & housing bubble 'growth' to attain that wealth?

[youtube]http://www.youtube.com/watch?v=OWwOJlOI1nU[/youtube]

 

[renovator]

Me thinks you don't understand the 'global' in 'global economy'.

Why did the RBA drop rates reno? Why are they so low?

It's a prosperous time, should we not be beefing up rates and boosting our dollar?

I think you may yet again be stuck in the thinking pattern of 'if it sems good for me right now, it must be good on the whole'. Your perspective is internally facing, and that's why you can't see the big picture. It's okay, you have plenty of company across the country.

Please explain how beefing up our rates and boosting our dollar is a good thing for our economy?

Exactly !!! If the AUD was 1.90 like volrathy mentioned or even 1.40 there would be pain . They know that . Even though they are not doing the best job in the world they are smart enough to know when to douse the fire before it gets out of control & someone gets burnt .

 

[renovator]

Just watched Kyle Bass vid - awesome.

For examples of optimism bias and memes becoming axiomatics through induction, see here ^^^^

Reno, have you seen it? http://forums.silverstackers.com/topic-34815-kyle-bass-americatalyst-page-1.html

No & i dont intend to .Thats the problem with you guys you listen & watch to much crap & forget the commonsense of how much money we have coming into the country .

Thats all i need to know to make my decisions .When it stops i'l be worried until then its business as usual .

 

[renovator]

http://forums.silverstackers.com/uploads/9556_medianwealth.jpg

that bubble's gonna pop, either you like it or not

For a country running virtually 100% of resource exports & housing bubble 'growth' to attain that wealth?

[youtube]http://www.youtube.com/watch?v=OWwOJlOI1nU[/youtube]

So when do you expect to see those resource exports stop ? not slow down stop !! because thats when we will be in trouble . Personally i cant see them ever stopping .

Ok i'l give you a chance to tell me when they will slow down & by how much & what you think will happen to our economy & to what extent . .... thats fair . So we can come back & see how wrong you were. Youve been wrong constantly for the last 2 years that ive been here & at least a year before that from old posts ive read ....... i cant see your forecasts getting any better :lol:

 

[volrathy]

Australia has AGES until we are in trouble compared to the rest of the world though

$1.37 trillion GDP
$250 billion government debt

we can run a $20 billion deficit every year for the next 70 years before we get into the same position america is in. John Howard left us in a great position and heaps of room with our government finances to get through basically any global financial distaster.

But yes expect deficit budgets for awhile

 

[bordsilver]

Me thinks you don't understand the 'global' in 'global economy'.

Why did the RBA drop rates reno? Why are they so low?

It's a prosperous time, should we not be beefing up rates and boosting our dollar?

I think you may yet again be stuck in the thinking pattern of 'if it sems good for me right now, it must be good on the whole'. Your perspective is internally facing, and that's why you can't see the big picture. It's okay, you have plenty of company across the country.

Please explain how beefing up our rates and boosting our dollar is a good thing for our economy?

He meant that if the Australian economy was good we would have higher interest rates and our dollar would have a higher real purchasing power.

 

[bordsilver]

Australia has AGES until we are in trouble compared to the rest of the world though

$1.37 trillion GDP
$250 billion government debt

we can run a $20 billion deficit every year for the next 70 years before we get into the same position america is in. John Howard left us in a great position and heaps of room with our government finances to get through basically any global financial distaster.

But yes expect deficit budgets for awhile

Methinks focussing just on the Federal Government position can result in blindness.

 

[renovator]

Australia has AGES until we are in trouble compared to the rest of the world though

$1.37 trillion GDP
$250 billion government debt

we can run a $20 billion deficit every year for the next 70 years before we get into the same position america is in. John Howard left us in a great position and heaps of room with our government finances to get through basically any global financial distaster.

But yes expect deficit budgets for awhile

There must be something in that central coast water that makes you see through the cow cookies & keep commonsense intact . :.

Did you say $1.37 trillion gdp ? just thought i would mention it again for the doomsday brigade ....Was that 1.37 TRILLION ? :lol:

Wheres that pic of how much a trillion dollars is now .Oh thats right they only use that to scare poeple not instill confidence

 

[renovator]

Australia has AGES until we are in trouble compared to the rest of the world though

$1.37 trillion GDP
$250 billion government debt

we can run a $20 billion deficit every year for the next 70 years before we get into the same position america is in. John Howard left us in a great position and heaps of room with our government finances to get through basically any global financial distaster.

But yes expect deficit budgets for awhile

Methinks focussing just on the Federal Government position can result in blindness.

I think what your doing in the dark room by yourself at times causes blindness.....

 

[Silverthorn]

Australia has AGES until we are in trouble compared to the rest of the world though

$1.37 trillion GDP
$250 billion government debt

we can run a $20 billion deficit every year for the next 70 years before we get into the same position america is in. John Howard left us in a great position and heaps of room with our government finances to get through basically any global financial distaster.

But yes expect deficit budgets for awhile

Methinks focussing just on the Federal Government position can result in blindness.

that's true but going by the bleating of retailers etc, people are still busy paying down debts and saving.

 

[Auspm]

No & i dont intend to .Thats the problem with you guys you listen & watch to much crap & forget the commonsense of how much money we have coming into the country .

Thats all i need to know to make my decisions .When it stops i'l be worried until then its business as usual .

So you admit you bury your head in the sand until it affects you directly, do you?

Oh, that's just too precious and speaks volumes.

 

[bordsilver]

Australia has AGES until we are in trouble compared to the rest of the world though

$1.37 trillion GDP
$250 billion government debt

we can run a $20 billion deficit every year for the next 70 years before we get into the same position america is in. John Howard left us in a great position and heaps of room with our government finances to get through basically any global financial distaster.

But yes expect deficit budgets for awhile

Methinks focussing just on the Federal Government position can result in blindness.

that's true but going by the bleating of retailers etc, people are still busy paying down debts and saving.

+1. Based on people I know I'd agree that seems to be the general trend. If only our stupid Govt could do the same.

 

[RetardedMonkey]

Like I said, people with skin in the game will be the first to feed you their lies to keep you buying in.

Whether it's a banker, a politician or a rentier capitalist like yourself.

Or a silver stacker like you...?

 

[renovator]

No & i dont intend to .Thats the problem with you guys you listen & watch to much crap & forget the commonsense of how much money we have coming into the country .

Thats all i need to know to make my decisions .When it stops i'l be worried until then its business as usual .

So you admit you bury your head in the sand until it affects you directly, do you?

Oh, that's just too precious and speaks volumes.

You going to give an answer to post #50 ? or just throw silly comments about .As for ^^^ Im sure 99.9% of the wealthy people on earth havent even heard of the guy .Not to mention listen to him & heed his advice . Your such a sheep . You get great joy in calling others sheep when you are one of the biggest on here .listening to forecasters with baited breath ....hilarious