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09-08-2011, 01:15 PM | #181 | ||
FF.Com.Au Hardcore
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yahoo article says 65 billion wiped off local shares today, the downward spiral continues.
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09-08-2011, 01:18 PM | #182 | |||
Fossil fuel consumer
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2024 RS 3 sedan - Mythos Black 2023 Superb Sportline sedan - Steel Grey 2025 Mustang GT - Vapour Blue |
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09-08-2011, 01:33 PM | #183 | |||
FF.Com.Au Hardcore
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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, 01:34 PM | #184 | |||
let it burn
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US Debt to GDP is very similar to ours. While countries that people are bleating about that the US are heading towards like Greece have Debt to GDP ratios of more than 130%. S&P are being investigated to establish if they had sound financial reasoning for the announcement, or other motives such as 'rattling' the market for certain people to take advantage of. Its not unheard of. Add in to that S&P got many of the large companies in the GFC very wrong, they failed to downgrade companies despite those companies being in very clear danger. Again, motivations could be questioned. They have a poor recent record. In the meantime, other ratings agencies have done no downgrading of the US, a negative outlook is not the same as a downgrading or a sign it will be, its just a status that says the outlook is not so rosy as straight out AAA. Not to be ignored, but not something to panic over. Its less about the employees of S&P, and more about the heads and their close friends. If anyone that is. Theres enough reason to warrant investigation IMO. |
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09-08-2011, 01:41 PM | #185 | ||
Purveyor of filth
Join Date: Oct 2005
Location: Melbourne
Posts: 2,958
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http://www.usdebtclock.org/
Look at the entry called "US Unfunded Liabilities". That is the true US national debt. Then chuck on top the $612 trillion in currency and credit derivatives... If my maths serves me correctly, $722 trillion divided by $14 trillion (GDP) is... 51 (and change). Last edited by charles_wif_xf; 09-08-2011 at 01:55 PM. |
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09-08-2011, 01:49 PM | #186 | ||||
let it burn
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Depends on why the AUD is falling to the US, is it some level of confidence in the $US returning, or is it a lack of confidence in the $AUD. So I guess im saying is the $AUD falling, or is the $US strengthening? Quote:
Nations have longer lifetimes than people buying a house. The entire capitalist system is a pyramid, or a ponzie scheme, but would you prefer communism? Last edited by fmc351; 09-08-2011 at 01:56 PM. |
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09-08-2011, 01:50 PM | #187 | |||
FF.Com.Au Hardcore
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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, 01:56 PM | #188 | |||
Ich bin ein auslander
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Not my area of expertise obviously but wouldn't the answer to that question be in the comparison of those respective currencies with other major currencies such as the British Pound, Euro, Yen etc?
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09-08-2011, 02:02 PM | #189 | ||||
let it burn
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Ours is around 95%. Or was in 2010. Quote:
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09-08-2011, 02:04 PM | #190 | |||
FF.Com.Au Hardcore
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I was slack and got some info from Wikipedia (yes I know not the best source of info) But I remember some statment awhile ago about Australias debt and it wasnt too bad.
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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, 02:09 PM | #191 | |||
VFII SS UTE
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sorry SB076 seen after posting haha any way source Australian bureau statistics http://www.abs.gov.au/ausstats/abs@.nsf/mf/5206.0
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Last edited by burnz; 09-08-2011 at 02:22 PM. Reason: add info |
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09-08-2011, 02:21 PM | #192 | |||
FF.Com.Au Hardcore
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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, 02:54 PM | #193 | ||
FF.Com.Au Hardcore
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I think the confusion might be the household debt. I thought that was at levels around 120% of income.
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09-08-2011, 03:01 PM | #194 | ||||
let it burn
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Because the US number of $14 trillion which has everyone scared is external debt. And when it comes to external debt, we both have an external debt position that is 95% of GDP. Quote:
http://en.wikipedia.org/wiki/List_of..._external_debt |
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09-08-2011, 03:19 PM | #195 | |||
FF.Com.Au Hardcore
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EDIT Market is almost back to where it was at the start of the day and may even end up in positive territory - Thats an impressive turnaround - think the only think we can be certain of is volatility. Who would thought at 11am the market was over 200 points down - now its less than 10 points down and may even end up in positive territory.
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VIXEN MK II GT 0238 with Sunroof and tinted windows with out all the go fast bits I actually need : Last edited by SB076; 09-08-2011 at 03:25 PM. |
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09-08-2011, 03:52 PM | #196 | |||
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Amazing. Simply amazing. up 0.5%. There are some bears out there with balls the size of watermelons. Nice work lads (and gals). |
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09-08-2011, 04:11 PM | #197 | ||
FF.Com.Au Hardcore
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Well must admit I was wrong with my prediction - I am surprised - I didnt think you could make 5% return within one day betting on the all ords.
Lot to be said for buying good stock at a good price and ignoring the ups and downs of the markets. I still beleive their are issues with the economy and suggest we may end in a recession (not depression) But hopefully for all this either doesnt eventuate or is only for a very short period of time
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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, 04:18 PM | #198 | |||
FF.Com.Au Hardcore
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09-08-2011, 04:29 PM | #199 | |||
If it ain't broke........
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Visitors welcome Relatives by appointment only |
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09-08-2011, 04:36 PM | #200 | |||
Banned
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We have been getting very,very healthy orders from WA and QLD for the last 2 months. We are an IT equipment supplier. |
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09-08-2011, 04:39 PM | #201 | ||
FF.Com.Au Hardcore
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All I can say is I am glad I ummed and ahhed and listened to my gut and not call my broker at 8.20 am because I would be spewing right now.
There is widespread doom mongering and panic selling of stocks going on in the world but when you look at the underlying financials of most companies in Australia, they are still sound and their value has not depreciated. People need to stay positive and not buy into this doom and gloom peddling because that will achieve only one thing, a recession that was willed into existance. |
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09-08-2011, 04:40 PM | #202 | |||
If it ain't broke........
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Location: Sunshine Coast Qld
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Visitors welcome Relatives by appointment only |
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09-08-2011, 04:43 PM | #203 | |||
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09-08-2011, 04:47 PM | #204 | ||
Have Boost, will use it..
Join Date: May 2005
Location: Brisbane
Posts: 4,056
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An old family friend once told me, do the opposite to what the mainstream people do. If everybody is rushing out to buy realestate... then wait. If everybody is rushing to sell... then wait and don't sell.
Seems to ring true in this instance. |
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09-08-2011, 04:47 PM | #205 | ||
The Futuriser
Join Date: Jan 2007
Location: Melbourne
Posts: 1,836
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The $AUD was $1.08 as mentioned last week. Personally, for me, I'm happy it's down to $1.02
Here I am waiting for it to go down a bit more!
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Current Subaru Liberty MY08 2.5 SatNav Previous 2003 BA Ford Futura. CKGD - Freelance Graphic Designer |
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09-08-2011, 05:17 PM | #206 | |||
Cobblers!
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Location: The Shire, NSW
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Ego BFII Ghia Titanium Silver E53 X5 4.4i Gunmetal EF XR6. Now retired from active duty. Roses are red. Violets are blue. OS X rocks. Homage to you. |
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09-08-2011, 05:24 PM | #207 | |||
Banned
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09-08-2011, 05:45 PM | #208 | ||
Wirlankarra yanama
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Location: God's Country
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I think those people proposing "the end" may be a little disappointed
As for the current market fluctuations, in my opinion, this is again irrational/emotional behaviour akin to (and making as much sense) as a dog chasing its own tail. The facts are last week there were many blue chip companies with sound business plans, great profits, cashed up and paying good returns. This week those same blue chip companies are available at better prices, good hunting! |
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09-08-2011, 05:53 PM | #209 | |||
Size it up
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09-08-2011, 06:08 PM | #210 | ||
Banned
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Well well well.. i got home tonight and low and behold the House was still there, power still working and dinner on the table.. i thought it was all supposed to dissapear today?
Ive had the busyiest 1/4 in 5 years and Booked solid till Xmas.. not everything is as bad as some here want it to be or want to paint it. |
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