Australian (ASX) Stock Market Forum

KEVIN RUDD - Wins the Australian Federal election!

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!

Understand Julia, and am sensitive to radical views and comments of others. Personally I don't believe the Government has a lot to do with interest rates other than creating environments for negative or positive business growth. Let's look forward to a renewed strive for prosperity in a different direction!
 
Re: KEVIN RUDD - Wins the Australian Federal election !

Tomorrow the sun will rise , as it does everyday .

Until that stops happening , don't sweat it .

I'd like to wish Kevin Rudd the best of luck , he's just picked up a country in fantastic shape .

Whatever you do Kev , don't stuff it up , keep the reigns tight mate .


P.S.. Labour won't stop a mining boom , in fact I think it just got better , as they have had a shift in views on their mining policies . Also take note that Santos is now an open register to anyone willing to fork up the dinars , thanks to a Labour government . There are some positives you know ............
 
Re: KEVIN RUDD - Wins the Australian Federal election !

Whatever you do Kev , don't stuff it up
yep kev, remember you can't sell Telstra twice to get the books in the black ;)

I guess there's... errr.. Customs - and/or maybe the AFP :confused: - maybe you could sell them to the drug pushers? :2twocents
 
Re: KEVIN RUDD - Wins the Australian Federal election !

...and to all the Liberal supporters, we have a really good team in opposition to keep the Government in line
 
Re: KEVIN RUDD - Wins the Australian Federal election !

Do you not live in Australia? Where do you live?

Maybe I'll head to over to Canada and wait out the next election

What exactly is Rudd going to do? Terminate the IR laws?
Will our relations with the US become hindered in anyway?

I was looking forward to Nuclear Power, time to shift some stocks around.

If the market doesn't follow the US rally on monday because of this, I am going to be really annoyed at Rudd.

Invest in Namibian Uranium stocks Nyden. BMN is the best, you won't find anything better than that. The management are doing everything to perfection. More money will flow into that company from now on. Have a good look at their website. They have an enormous amount of activity going on in the next 6 months and will have anything up to 200Million pounds U308 by March 2008, currently they have 27 million pounds. It is cheap at current prices.

Cheers!

Champ2003


Cheers!

Champ
 
Re: KEVIN RUDD - Wins the Australian Federal election !

You didnt demonstrate that with your vote !! ;)

Well, that's a matter of opinion, isn't it. There is nothing in today's Labor Party policy which suggests they will be much different from the Libs.

Just note, Numbercruncher, that I said re my vote that I voted for whom I disliked least.

And I said in my last post (facetiously if it were not obvious!) that perhaps I was a closet socialist.
That idle musing is pretty different from being a rapid Communist e.g.
 
Re: KEVIN RUDD - Wins the Australian Federal election !

yep kev, remember you can't sell Telstra twice to get the books in the black ;)

I guess there's... errr.. Customs - and/or maybe the AFP :confused: - maybe you could sell them to the drug pushers? :2twocents

Wish we could sell the drought !

By the way , just an enquiry , as I didn't keep up with the stock after the last issue , which should look nice for selling as a tax advantage this June :rolleyes: ....

Telstra , the Gov. held 51% , moved it over to the superduper fund , who has close to 16% .

Where the bl**dy rest go ?
 
Re: KEVIN RUDD - Wins the Australian Federal election !

Congratulations to Mr Rudd.

Now what, exactly are we going to do about the big problems no politician wants to go near.

Oil
Financial situation - consumer debt, rising interest rates and the eventual demise of the US as the dominant power
Climate change

All massive, global, near term problems for which we are totally unprepared. Problems that threaten far more than a slowdown in the economy if they aren't properly addressed.
 
Re: KEVIN RUDD - Wins the Australian Federal election !

The Rudd speach is a bit like the worm - he gets a rousing cheer with nearly every syllabyl (not spelt correctly - I think). He hasn't really said much so far.
 
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 find this argument somewhat like the argument for cheap drugs.

We shouldn't raise the price of credit because that will hurt so many who depend on it.

We shouldn't raise the price of cigarettes because that will hurt so many who are dependent on them.

We shouldn't raise the price of heroin because that will hurt so many who are addicted to it.

Never mind that it was the cheap and easy availability of credit, cigarettes, heroin etc that got them hooked and lead to the situation in the first place. It's not high interest rates that are the problem, but variations in rates - people wouldn't have such huge mortgages if we'd never had low rates.

Aiming for stable interest rates is more important than their actual level IMO.
 
Re: KEVIN RUDD - Wins the Australian Federal election !

Absolutely awesome acceptance speech by our new esteemed Primeminister.

A new Government for all Australians, what else could we want ?


:D
 
Re: KEVIN RUDD - Wins the Australian Federal election !

The Rudd speach is a bit like the worm - he gets a rousing cheer with nearly every syllabyl (not spelt correctly - I think). He hasn't really said much so far.


Just listened to it , I actually thought it was his best public comment to date , he has family values and has had to swim the parenthood channel in our day and age . That in itself is a heroic feat .

Anyway we are a Labour nation now , so that would be " Comrade Worm " .............

and you can spell anyway you like Comrade . :D

got to have a laugh ..........
 
Re: KEVIN RUDD - Wins the Australian Federal election !

OK - seen as everyone now accepts we are a Labor nation it is compulsary to spell it ......


LABOR the u that everyone insists on adding is for u to keep ;)

Thanks for your cooperation in this small matter (I know my own spelling makes this statement a little fresh but heck its the party Leading our nation lol)


:D
 
Re: KEVIN RUDD - Wins the Australian Federal election !

I always get them mixed up with the UK Labour party .

Please to be excusing the variant ............ comrade . :D
 
Re: KEVIN RUDD - Wins the Australian Federal election !

OK - seen as everyone now accepts we are a Labor nation it is compulsary to spell it ......


LABOR the u that everyone insists on adding is for u to keep ;)

Thanks for your cooperation in this small matter (I know my own spelling makes this statement a little fresh but heck its the party Leading our nation lol)


:D

What??? No U as in UNION?

:)
 
Re: KEVIN RUDD - Wins the Australian Federal election !

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

Also, anyone concerned about inflation would want higher rates.

Higher interest rates are usually accompanied by higher inflation which devalues the capital base. As a retiree I find that I have been worse off with the higher interest rates. It is like saying which came first, the chicken or the egg.
Personally I think we will all benefit from a change of government. :rolleyes:
 
Re: KEVIN RUDD - Wins the Australian Federal election !

I was on of the 7% of the population that changed their vote.

Rudd has a great vision to improve this country and I hope he succeeds.
Governments get tired and need to be renewed.

Mal Brough, one of the few visionaries the Liberals had left will return, probably in my opinion as a State leader and I eagerly await that.

The Americanisation of our country can now be turned around.
The disastrous education policies and science funding of the Liberals can be arrested. Did you know that the greatest Austrlain minds that came up with the improved solar cell now work for China because Howard stopped the funding in 2000? No government is perfect because it is made up of imperfect people.

I am sure one day I will be voting Liberal federally again but isn't it good we don't live in a one party state. We need change to provide fresh ideas and progress Australia.

By the way, those in this thread selling their Uranium shares have forgot that Federal Labour is for Uranium mining.
 
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