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Re: Australia

Postby kennynah » Wed Jun 02, 2010 12:13 pm

aussieland Q1 gdp grew 0.5% qtq
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Re: Australia

Postby winston » Mon Jun 07, 2010 7:55 am

SPI futures down 2.8%. Looks like the lemmings are selling their Commodities ...
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Re: Australia

Postby millionairemind » Mon Jun 07, 2010 7:56 am

winston wrote:SPI futures down 2.8%. Looks like the lemmings are selling their Commodities ...


W - Remember the day a couple of weeks ago when it was also down 3% at the open and closed almost flat at the close?
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Re: Australia

Postby winston » Mon Jun 07, 2010 8:01 am

Ha Ha .. somehow, I think this time is different. I think the shorts have already cornered CNBC, Bloomberg, Newsletters, Analyst Reports, Rating Agencies, Forums etc ..

They are releasing negative news whenever the market rebound.

I think the path of least resistance is downwards ..
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Re: Australia

Postby winston » Wed Jun 16, 2010 11:29 am

Investment guru: Australia facing housing bubble

US investment guru Jeremy Grantham has warned Australia is facing a "time bomb" housing bubble that will be set off by rising interest rates, a report said on Wednesday.

Grantham, who correctly predicted the financial crisis a year before it hit, said Australian house prices needed to fall 42 percent to reach the long-term trend.

"You cannot possibly miss it," he told The Australian newspaper. "The price of housing typically trades about 3.5 times of family income and in a bubble it goes to six or 7.5 times.

"Australia is having one now. You are at near 7.5 times family income... which suggests you are twice the size you should be."

He said Australian prices, which have been rising for more than a decade, needed to slide 42 percent to return to the long-term trend.

Grantham, co-founder of global investment company GMO who has made a career out of identifying speculative bubbles, said British house prices were also over-inflated, The Australian said.

Australia's central bank has raised interest rates six times since October -- off five-decade lows -- to head off inflation, increasing pressure on home-owners.

Grantham said if Australian housing did not return to the normal multiple of family income, "it will be the first time in history".

"Sooner or later, the rates will go up and the game is over," he warned.

Source: AFP Asian Edition
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Re: Australia

Postby winston » Thu Jun 24, 2010 9:35 am

So what can one learn from the resignation of Kevin Rudd ?

The takeaway for me is if you want to take on the BBs, make sure you can win. Dont start a war if you dont have a high probability of success.

Dont underestimate what the BBs can do to you. They have a lot of money and can overthrow you if you are not strong enough ...

Sun Tzu: Know yourself and know your enemies before you start a war.
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Re: Australia

Postby millionairemind » Thu Jun 24, 2010 9:42 am

winston wrote:So what can one learn from the resignation of Kevin Rudd ?

.


The big businesses are running the gahmen. :roll: :roll: :roll: , just like the Giant Vampire Squid is running the US gahmen. :shock:
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Re: Australia

Postby greenhoney » Thu Jun 24, 2010 11:28 am

yup, bb also stands for big boys. dont take them on unless you got some serious political chops.
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Re: Australia

Postby eauyong » Thu Jun 24, 2010 1:37 pm

On the other side, wonder what the oil barons can do to their political boss? Limited to the courts only OR :?
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Re: Australia

Postby winston » Fri Jun 25, 2010 9:04 am

Miners: They change the salesman but not the product :lol:
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