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08-08-2011, 11:59 PM | #151 | ||
Banned
Join Date: Jul 2007
Location: new south wales
Posts: 1,153
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US market update below, have a look at some of those attractive fix rates for 15 and 30 years on the right hand side next to the video.
http://money.cnn.com/2011/08/08/mark...york/index.htm |
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09-08-2011, 02:35 AM | #152 | |||
Right out sideways
Join Date: Dec 2004
Location: Coffs Harbour NSW
Posts: 5,305
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Quote:
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2010 FG XR50 Turbo | 2007 FPV BFII GT, BOSS 302 |
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09-08-2011, 07:06 AM | #153 | ||
Banned
Join Date: Jul 2007
Location: new south wales
Posts: 1,153
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Guess we can expect another 50 billion + or so wiped off our share market today. Will probably go closer to 70 billion. Good luck all
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09-08-2011, 07:07 AM | #154 | |||
FF.Com.Au Hardcore
Join Date: Sep 2006
Location: TAS
Posts: 2,551
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Quote:
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XA coupe 8.8sec @ 150mph http://www.fordforums.com.au/showthr...coupe+drag+car BA GT-P for the shed Mustang GT for the other half E3 chubsport - fully fat (and slow), sitting there waiting for me to get sick of it and sell it. BA XR6T for a daily NT Pajero for the bush XB 4 door project- swallows a BF xr6 turbo My dad is a generous bloke. He gave away his dead car batteries free of charge.... |
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09-08-2011, 08:40 AM | #155 | ||
Call me Spud
Join Date: May 2008
Posts: 1,995
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If things get really bad I am hoping my job is safe. It was last time, I work in a business that is just 2 owners and me, but we supply and manufacture printer consumables, so we might lose a few customers, but at the end of the day every business still running needs to print. My boss however is licking his lips at the moment, he invested in gold contracts and the more the market drops and people invest in gold, the more his contracts become likely to bring him profit. In september when the contracts get sold for every dollar they are above 1700u.s per ounce, he gets $1000 return.
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09-08-2011, 09:19 AM | #156 | |||
FF.Com.Au Hardcore
Join Date: Apr 2009
Posts: 2,215
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09-08-2011, 09:23 AM | #157 | |||
Join Date: Dec 2004
Posts: 9,292
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Petrol has never been that price (or anywhere near it) hear in Warrnambool since the 90's. |
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09-08-2011, 09:25 AM | #158 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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Quote:
Please do not do it again. |
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09-08-2011, 09:38 AM | #159 | |||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 1,421
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6% loss overnight on Wall Street... not good. Not good at all.
So for those thinking Australia is not exposed, this is a good article explaining how our household debt is linked to these markets. Remember, asset helped cause this in the first place and negative equity is a major reason many people in America have no money to spend. http://www.smh.com.au/business/when-...808-1ijad.html Excerpt Quote:
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09-08-2011, 10:02 AM | #160 | ||
Banned
Join Date: Jul 2007
Location: new south wales
Posts: 1,153
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Looks like some relief is already on the way. Look at the announcement made at 9.27 reguarding the commonwealth bank. It looks like a desperate move to help halt todays stock market plunge , will it ,we will see.
http://www.news.com.au/business/aust...-1226111305525 |
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09-08-2011, 10:08 AM | #161 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 1,421
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NZ was down 3% only 15 minutes into trading.
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09-08-2011, 10:08 AM | #162 | ||
Trev
Join Date: Apr 2006
Location: Was Perth, now country Vic
Posts: 8,017
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I don't have Super or shares so none of this stuff tends to worry me :-)
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Trev (FPV FG II GT-E thus the fully loaded burger with the lot as standard +Alpine/Dynamat fitout - 2 of only 4 ever made GT-E factory 9" rear rims - Michelin Pilot Supersports - Shockworks Suspension) |
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09-08-2011, 10:19 AM | #163 | ||
Adapt or perish...
Join Date: Jan 2005
Location: Dip!@#$
Posts: 7,954
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My company is directly affected by the US but our half year profits were up a good amount. I'm not overly worried about the situation.
The scaremongering tactics however are going to see ordinary Australians spend even less so retail and tourism is going to be hit hard and it's going to be tough seeing your family and friends without work. Mark my words.
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Carless
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09-08-2011, 10:29 AM | #164 | |||
FF.Com.Au Hardcore
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Posts: 1,137
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Quote:
Collectable cars are going to take a massive hit as well. Lots of people laugh when I say Im going to pick up a good XR GT for $30K, that day is getting closer and closer. |
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09-08-2011, 10:38 AM | #165 | |||
FF.Com.Au Hardcore
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Quote:
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VIXEN MK II GT 0238 with Sunroof and tinted windows with out all the go fast bits I actually need : |
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09-08-2011, 10:41 AM | #166 | |||
let it burn
Join Date: Feb 2006
Location: QUEENSLANDER!!!!!
Posts: 2,866
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Doom and Gloom. ...DOOM AND GLOOM!!!
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Where is flappist and what have you done with him? |
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09-08-2011, 10:45 AM | #167 | |||
Banned
Join Date: Jul 2007
Location: new south wales
Posts: 1,153
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Quote:
I had to make sure it was not april fools day when I first did a double take at the word moderater under his name ( only joking mods)... |
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09-08-2011, 10:46 AM | #168 | |||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 1,421
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Quote:
All the industries keeping us afloat rely on 1) USA being strong 2) Europe being strong. Why? they are China's two biggest creditors. Wipe them out for a few years and watch what happens to our coal and iron ore exports. Not only that, if mums and dads lose 20% of their super, a lot of them will might be forced to sell up the investment properties to fund their retirement. Now, also look at the negatively geared properties... they all rely on positive growth. We are now in egative growth. Less money in the economy and less access to credit on the international markets for our banks to lend = accellerated negatives for property. This in turn accellerates the flood of stock on the market and forces prices down. Fast Forward a year of two and a large majority of investors and recent home buyers could be in negative equity to the tune of 20-25%. That means again,. less spending. This is an economic cycle we don't want to be in. If it plays out as badly as it could, we're all up the creek. So I suggest that anyone who thinks that they aren't exposed because they don't have share, take your head out of the sand! |
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09-08-2011, 10:51 AM | #169 | ||
Trev
Join Date: Apr 2006
Location: Was Perth, now country Vic
Posts: 8,017
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Of course we are all exposed. But momentary, or even few years blips on the share market are of no great concern to me. I don't plan on selling the house any time soon etc. People get in a blind panic about things that if people don't panic about, are likely not to be much of a problem for them. Get swept up in it all, which is what the economists and speculators want, to drive everything down so they can come in and buy up. It is a silly game played on paper by criminals.
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Trev (FPV FG II GT-E thus the fully loaded burger with the lot as standard +Alpine/Dynamat fitout - 2 of only 4 ever made GT-E factory 9" rear rims - Michelin Pilot Supersports - Shockworks Suspension) |
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09-08-2011, 11:06 AM | #170 | |||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 1,421
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Quote:
This is an adjustment to reality, it's not being spoken down. We are headed through a correction to natural values. Unfortunately the only way there is a painful one. I hope people learn this. Last GFC that was the lesson painted bright red on every wall in every town on earth. Somehow, the majority of the world missed the point and thought that we could just business and usual without a proper correction. Debt is not the answer here. Let's pray that the world isn't hyper inflated yet again, because if it goes bang after another round of debt injection, the pain will be a lot more than a decade of recession! |
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09-08-2011, 11:22 AM | #171 | ||||
Adapt or perish...
Join Date: Jan 2005
Location: Dip!@#$
Posts: 7,954
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Quote:
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I know full well I'll be in a job still after this simple because of the strong business position the company I work for is in. If I was in my old job I'd already be out on my **** in the dole line at Centrelink. It seems the panic resides in the small business operator/mum & dad investment portfolios. There is one simple reason my head will stay in the sand, and it's because until I hear that my current position is in jeopardy work and home wise I have absolutely nothing to worry about.
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Carless
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09-08-2011, 11:32 AM | #172 | ||||
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Location: Brisbane
Posts: 6,197
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09-08-2011, 11:39 AM | #173 | |||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 1,421
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Quote:
If there's nothing to worry about for you in your job, then I am happy for you. Unfortunately, looking at the wider economy and how that can resonate, I do think that there is something for us all to worry about. |
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09-08-2011, 12:01 PM | #174 | ||||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 2,021
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Quote:
As for the negative gearing collapse, what that tells me is that people who entered the investment game in the last few years with not enough equity behind them will get kicked in the backside. Oh well, you play the game you sometimes lose.......... Would love a crystal ball to see how the rest of this year will play out, not because I wan't to get rich, but because I don't want to lose what I have.
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09-08-2011, 12:08 PM | #175 | ||
Fossil fuel consumer
Join Date: Jul 2005
Location: Mod For: Pub, Bar, Sales Yard, Show 'N Shine, Photoshop, AU to BF, FG to FGX, Territory & Sports Bar
Posts: 17,049
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last week from memory the AUD was 1.08 USD, check out this life feed:
http://au.finance.yahoo.com/q?s=AUDUSD=X |
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09-08-2011, 12:11 PM | #176 | |||
VFII SS UTE
Join Date: Apr 2007
Location: Central Coast
Posts: 6,353
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Quote:
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I don't often hear the sound of a screaming LSX. But when I do, So do the neighbours.. GO SOUTHS
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09-08-2011, 12:13 PM | #177 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Newcastle NSW
Posts: 7,890
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Further to my earlier posts, the rate slide has started. Here are the CBA's new fixed rates effective this Friday 12/8
1st column =Product 2nd column - New Rate (p.a.) 3rd column = Change (p.a.) 4th column = Assessment Rate *(p.a.) 5th column = Comparison Rate(p.a.) Fixed Rates Home/Investment Home Loans 1 Year Guaranteed Rate 6.59% -0.25% 9.31% 7.80% 1 Year Fixed Rate 6.74% -0.25% 9.31% 7.82% 2 Year Fixed Rate 6.74% -0.35% 9.31% 7.71% 3 Year Fixed Rate 6.74% -0.40% 9.31% 7.62% 4 Year Fixed Rate 7.14% -0.55% 9.31% 7.68% 5 Year Fixed Rate 7.14% -0.60% 9.31% 7.63% 7 Year Fixed Rate 7.74% -0.50% 9.31% 7.90% 10 Year Fixed Rate 7.74% -0.50% 9.31% 7.89% 15 Year Fixed Rate 7.74% -0.50% 9.31% 7.87% MISA MISA - 1 Year Guaranteed Rate 6.59% -0.25% N/A N/A Fixed Rates Home/Investment Home Loans (MAV) 1 Year Fixed Rate 6.59% -0.25% 9.31% 7.23% 2 Year Fixed Rate 6.59% -0.35% 9.31% 7.16% 3 Year Fixed Rate 6.59% -0.40% 9.31% 7.10% 4 Year Fixed Rate 6.99% -0.55% 9.31% 7.19% 5 Year Fixed Rate 6.99% -0.60% 9.31% 7.17% 7 Year Fixed Rate 7.59% -0.50% 9.31% 7.47% 10 Year Fixed Rate 7.59% -0.50% 9.31% 7.52% 15 Year Fixed Rate 7.59% -0.50% 9.31% 7.56% The second set of figures is for MAV which is the CBA's Pro Pack that gets you rate reductions in exchange for a fee depending on size of your borrowings Interesting to note the 1,2,& 3 yr fixed rates will now be below the best current variable rates on offer. Some rate watchers are predicting a 0.5% decrease by RBA anytime soon
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T3 TL50 #147 Silhouette Auto ESS - Brembos - Last of 3 in T3 spec, only AUIII TL50 ever built -14.2 sec @ 98mph bog stock. Only customer ordered T3 TL50 built, only LWB sedan plated AUIII and the last performance enhanced LWB sedan built by Ford Aust. AUII Fairlane Ghia Sportsman 5.0L in Blue Pearl OWN THE ROAD Last edited by FTe342; 09-08-2011 at 12:21 PM. |
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09-08-2011, 12:21 PM | #178 | |||
let it burn
Join Date: Feb 2006
Location: QUEENSLANDER!!!!!
Posts: 2,866
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Quote:
Apparently there are investigations underway into S&P. There are gains to be made by people in the event of panic and some MIGHT seek to abuse the process. |
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09-08-2011, 12:48 PM | #179 | |||
Fossil fuel consumer
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09-08-2011, 01:06 PM | #180 | |||
FF.Com.Au Hardcore
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Was a bit concerned with Obamas speech - something along the lines of America is and always will be a tripple A rated country. Their rating is set by outside agencies (S&P just happen to be the biggest and argueably most influential) A rating it is and be shouldnt be dictacted by politics. If the rating is that important to them, then they need to make some changes to regain their rating. Otherwise why dont Greece and Ireland simply set their own rating? However in thinking about it, no doubt if you worked at S&P and had prior knowledge of the downgrade you could make a reasonable amount of money
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VIXEN MK II GT 0238 with Sunroof and tinted windows with out all the go fast bits I actually need : |
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