bluekelah
StockFan
- Joined
- 25 March 2013
- Posts
- 246
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- 539
I am in the same boat, just doing income stocks, own my PPOR outright, zero debt, small stash of physical metals, just growing the pile for kids one step at a time.
I am in the same boat, just doing income stocks, own my PPOR outright, zero debt, small stash of physical metals, just growing the pile for kids one step at a time.Sadly my cautious way is not really a way to get "proper rich", though - unless one of my buy and hold stocks goes utterly nuts (I can only dream lol).
well the Vietnam War ( and the neighbouring Asian nations entangled with it ) was the one most remembered but there were other ones in other areas ( like South America )Which stupid war was that? Was that the end of the Vietnam war in the early 70s where the Americans finally pulled out and the communist Viet Cong then managed to take over the entire country ? Sounds like a repeat of history in Afghanistan, where US forces left and the country fell to the Taliban.
or was it on of the Arab - Isreali wars?
Must have been a rough time to live through. I believe in history repeating itself, maybe not exactly but in similar fashion. Its been shown throughout history that a dominant power will create their own reserve fiat currency for global trade (dutch -> british -> USA) but ultimately another superpower takes over. Gold is what prevails in the end. We could be looking at a Chinese based global trade currency soon.
This Ray Dalio Video i think sums it up well.
I do think most CBs are hiking now, not becoz their economies are doing well but becoz they have NO CHOICE as thats the only way they know to fight inflation (or dare i say hyperinflation). Perhaps if we get to 15-20% rates again folks will remember it for at least a generation or so...Just like during the DotCom boom, those highly leveraged players will be wiped out for sure, we might even have to do a bank bail out or two
Interesting point about bail ins. Australian government has categorically stated that this does not apply in Australia, yet the possibility still does remain via loophole. Additionally it is the official policy of the BIS of which our banks are party to.remember the 'parachute ' this time is ( 'officially ' ) BAIL-IN they are coming for YOUR money early rather than later
for fun research , go research 'Tier 1' assets as Basel III sees that debt in the liability ranking in stressed banks
from 04 May.. My prediction, for what it's worth, is that the next, post-election, lift will be 40 bips, to take it to 0.75%. Then the RBA could raise further in the normal increments. And possibly to be in the 2's sometime next year.
so gentleman, who is tipping what for tomorrow's meeting? Everybody is saying up but just by how much?
from 04 May.
normally i would go for 0.25% ( despite the fact it is basically ineffective ) the RBA has been late and pathetic since at least November 2016 ( imo ) ... BUT it broke long term custom of hiking during a Federal Election campaign .I’m going with 0.25%. The RBA broke governor broke his promise of no rate rise until 2024, so he doesn’t want to go too hard.
My business partner reckons that if the RBA board has any guts they’ll get all the pain out of the way early and hit us with 0.5%. Short term pain for long term gain.
0.4% or more, if the RBA will admit that real inflation is bigger than quoted and they really want to do something about it.0.40%, if Philip has a pair
About timeRBA governor Philip Lowe announced a 0.5 percentage point increase in the cash rate to 0.85 per cent following the board’s June meeting on Tuesday afternoon
WHOOPS i thought GG had the goss.RBA governor Philip Lowe announced a 0.5 percentage point increase in the cash rate to 0.85 per cent following the board’s June meeting on Tuesday afternoon.
We are actually well behind several Western nations in the rate hike cycle, the difference being we have the opportunity to hike on a monthly basisWHOOPS i thought GG had the goss.
this is probably less than we really needed but am happily surprised to see the RBA take things seriously ( at last )
I was just going on the AUD/USD Forex this morning, it was falling.WHOOPS i thought GG had the goss.
this is probably less than we really needed but am happily surprised to see the RBA take things seriously ( at last )
The bank economists got that wrong.Pretty good. From the Australian -
“Bank economists are broadly split on whether the RBA’s board at its June meeting on Tuesday will deliver a 0.25 percentage point increase in the official cash rate target to 0.6 per cent, or announce a jumbo 0.4 percentage point increase to 0.75 per cent”
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