KEVIN RUDD - Wins the Australian Federal election!

[2020hindsight]

Re: KEVIN RUDD - Wins the Australian Federal election !

Sounds like Libs retain majority in the Senate for 7 months though .

 

[Nyden]

Re: KEVIN RUDD - Wins the Australian Federal election !

So far i have not seen any gracious losers here, just people saying the country is now screwed, people wanting to emmigrate, liquidate their portfolios and all that bla bla .....


Physical characteristics as far as i can see are on the political agenda, just ask downer how he feels about Rudds "cocky little smirk" - so alls fair in love and war.

Well, I would say a smirk is something different than eye brows.

The past has taught us that under Labor - interest rates are usually higher. This is a stock-trading forum, people follow trends here - the assumption can only be made, that it will be the same this time round. Therefore - the market may suffer, & other investments may suffer.

And, in selfish truth - that's all I really care about Everything else is irrelevant. I never claimed to be a nice person, the market wanted Liberal, it hasn't received, therefore; I'm disappointed.

 

[wayneL]

Re: KEVIN RUDD - Wins the Australian Federal election !

It will take some time for Rudd to ruin the country. If Oz economy turns quickly, it will be because of:

*Global conditions
*Previous actions of the Libs

We have a serious credit crunch happening right now (nothing to do with Rudd) which will affect everyone, and as a direct consequence of the fast and easy money policies of CB's... particularly the Fed.

The non-thinking tribalists will of course blame Rudd.

 

[Nyden]

Re: KEVIN RUDD - Wins the Australian Federal election !

It will take some time for Rudd to ruin the country. If Oz economy turns quickly, it will be because of:

*Global conditions
*Previous actions of the Libs

We have a serious credit crunch happening right now (nothing to do with Rudd) which will affect everyone, and as a direct consequence of the fast and easy money policies of CB's... particularly the Fed.

The non-thinking tribalists will of course blame Rudd.

Exactly That was the silver-lining I spoke of in another thread, Rudd will be blamed. I take solace in that :


Alright, someone point me in the direction of that thread which discussed good stocks under a Labor government, can we invest in Unions?

 

[2020hindsight]

Re: KEVIN RUDD - Wins the Australian Federal election !

23 seats changed hands so far (as called by Anthony Green of course).
At this point I 'd like to think the Libs come out of this a strong opposition - decimation helps noone

 

[wayneL]

Re: KEVIN RUDD - Wins the Australian Federal election !

You f@ckers voted them em,

OK you've had a good vent. Let's tone down the invective a bit.

Thanks

 

[moneymajix]

Re: KEVIN RUDD - Wins the Australian Federal election !

Howard is in danger of loosing BENNELONG to Maxine McKew!

 

[trishan9390]

Re: KEVIN RUDD - Wins the Australian Federal election !

Argh...Congrats to Rudd but I can't say I am not dissapointed. Do we really have to have a labour gov to screw things up for 3 yrs before we go back to libs???

 

[billhill]

Re: KEVIN RUDD - Wins the Australian Federal election !

Who's to say that the unions are back and that the country is ruined. Rudd's obviously not an idiot if he can pull off such a resounding election win, give the guy a chance. For all we know Rudd could be even better then Howard. He has no track record to judge him yet so i think its ignorant to assume he is going to be a disaster.

 

[roland]

Re: KEVIN RUDD - Wins the Australian Federal election !

Congratulations to Labour supporters, commiserations to Liberal supporters. What better group of people to handle a situation change than the people here? We all live for change, and a change of Government will be good for some, and bad for others.

I think we all have to agree that no matter who is running the country, that person would certainly only have the best interest of all of us as his #1 priority. We may not agree with individual policies, or even like the people who wield them - but bottom line is they need to be a "crowd pleaser" to even be where they are. Like it or not, that is what a democracy is all about.

I voted Liberal, mainly because I don;t like being taken out of my comfort zone, but I am not disappointed.

None of us really know what the "other side" is really like ... 11 years already with John Howard in a boom market. The world has changed so much that we don't have a good comparison any more - so maybe this is a good thing.

Sad to see Mr Howard go, but on the other hand I have a few characters in mind that I am so unhappy to see the back of. In contrast, there will be a few new faces that I am not so keen on either - pity you can't have your cake and eat it too.

Let's get on with being nice to each other and using the changes to our advantage in our individual quest for wealth creation.

 

[trishan9390]

Re: KEVIN RUDD - Wins the Australian Federal election !

It will take some time for Rudd to ruin the country. If Oz economy turns quickly, it will be because of:

*Global conditions
*Previous actions of the Libs

We have a serious credit crunch happening right now (nothing to do with Rudd) which will affect everyone, and as a direct consequence of the fast and easy money policies of CB's... particularly the Fed.

The non-thinking tribalists will of course blame Rudd.

We say this cos we know more than the plebs abt the economy. The avergae joe doesnt know/care abt wat the cause of a bad economy is. All he cares abt is payinf higher inetrest and not being able to get a job. Rudd will cop it even though as you say it's got nothing to do with Rudd.

 

[krisbarry]

Re: KEVIN RUDD - Wins the Australian Federal election !

There we go...I always thought Kevin Rudd looks better with a halo on his head. lol, I am so happy Labor won.

 

[roland]

Re: KEVIN RUDD - Wins the Australian Federal election !

Come to think of it, the last couple of Labour attempts would have left us with much more of an embrrassment than Rudd, so at least we got the best of the worst we have seen so far......

 

[Julia]

Re: KEVIN RUDD - Wins the Australian Federal election !

High Interest rates are good!

Really? Perhaps you'd enlighten us as to why and for whom.
Fairly obviously you don't have a mortgage for a start.

 

[Julia]

Re: KEVIN RUDD - Wins the Australian Federal election !

Congratulations to all of you Labor supporters. I sincerely hope your beliefs are validated in the years to come.

I am really disappointed that Mal Brough has lost his seat. He was probably the one Coalition Minister who had a real sense of sincerity. He was also clear and articulate. Sad to think he may well now be lost to politics.
I hope not.

 

[roland]

Re: KEVIN RUDD - Wins the Australian Federal election !

High Interest rates are good!

/QUOTE]
Really? Perhaps you'd enlighten us as to why and for whom.
Fairly obviously you don't have a mortgage for a start.

Julia, obviously if you have $$$'s in the bank and no mortgage, then higher interest rates are good. So for me as well, higher interest in this stage of my asset growth target is good for me too. Sorry if you have a mortgage and a loan - at least you have your own piece of dirt - my wife and I struggle with rent and a very small flat, but we have some $$'s earning interest

 

[wayneL]

Re: KEVIN RUDD - Wins the Australian Federal election !

Really? Perhaps you'd enlighten us as to why and for whom.
Fairly obviously you don't have a mortgage for a start.

There are a helluva lot of retirees living on intrest only... they would be happy.

Also, anyone concerned about inflation would want higher rates.

 

[trading_rookie]

Re: KEVIN RUDD - Wins the Australian Federal election !

So many posts and so many comments pending but alas time and priority being the enemy. Still a comment suffices with the election now over…as I’m about to leave one of the offices I frequent, ironically in the seat of Bennelong, which is still in doubt, and with my overtime pay never in doubt – good to see the electrote scared wit-less over this one – must say I’m saddened to see the end of an era.

To really rub salt in the wounds the prospect of Albanese on the winning side is hard to bear, so too Combet. Swan as treasurer!!! I’d at least prefer Lindsay Tanner.

 

[numbercruncher]

Re: KEVIN RUDD - Wins the Australian Federal election !

As much as i dislike Costello, he just delivered one of the best performances ive ever seen him deliver, his speech was gracious, caring and statesman like.Kudos to him. (still dislike him though)

 

[Julia]

Re: KEVIN RUDD - Wins the Australian Federal election !

Wayne and Roland,

Yes, of course I recognise that high interest rates benefit some sectors of the population. I am included in this, having no mortgage plus cash earning interest. So personally, I'm not unhappy as I see interest rates rise.

However, that personal benefit pales in comparison with the disadvantage to a far greater proportion of the population. Why - amongst all the discussion about interest rates over recent months - has there been almost no mention of the small groups of people who are advantaged by increased rates?
Because they are hugely outnumbered by those whose daily struggle will be increased as their mortgage rate and/or rents rise.

I just find Numbercruncher's blanket statement that "high interest rates are good" to be less than realistic in the overall sense. Don't forget that most of us are invested in shares and if the companies we are hoping will increase their profits are obliged to pay more for their borrowings, then we will be disadvantaged.

Or perhaps I'm just a closet socialist and essentially want what is best for the greater good!