explod
explod
- Joined
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From Chuck Butler, Everbank overnight. Interest rates rises will be on the cards here in the months ahead. Aussie dollar at $1.094 as we speak.
http://www.dailypfennig.com/
Ok… enough of that… here’s something that I think holders of Aussie dollars (A$’s) will love to hear… the markets are beginning to trade and hold A$’s like a “reserve currency”… a currency that people will flock to in times of flights to safety! I had a Aussie reader send me a note saying that the A$ is becoming the “mining currency”… and, that’s not all…… as I shuffle across the stage with cane in one hand and my hat in the other! Seriously though… why not? I’ve always called the A$ the proxy for global growth… well… now it can be a flight to safety currency, a reserve currency, and the mining currency!
Chris again. Yes, the Aussie dollar continues to have a lot going for it. The RBA is expected to be raising rates sometime this year as inflation continues to tick higher. Australian producer prices increased .8% in the second quarter, matching expectations. Next week we will get the more important report on consumer prices in Australia. This inflation report is expected to show prices are rising, and should reverse recent sentiment that the RBA will be looking to cut rates instead of increase them. Reserve Bank of Australia Governor Glenn Stevens said in a speech last night that his nation’s mining-led growth is turning around consumer sentiment. His positive outlook was another sign the RBA will have the confidence to raise interest rates in the coming months.
Not to be left out of the fun, the New Zealand dollar traded up to a record high vs. the US$ last night. The kiwi rose as high as 87.28 US cents which is the strongest this currency has traded since it was freely floated. There certainly doesn’t seem to be anything holding these commodity currencies back right now. With investors worrying about the debt situations in both Europe and the US, countries with strong commodity based economies are certainly attractive. After all, would you rather own ‘stock’ in a country which has huge stockpiles of raw materials, or countries with huge stockpiles of debt? Currency investments are just like owning shares of that country, and investors certainly look like they are choosing the stock of countries with physical assets.
From Chuck Butler, Everbank overnight. Interest rates rises will be on the cards here in the months ahead. Aussie dollar at $1.094 as we speak.
http://www.dailypfennig.com/
Sounds like more foreign investment to me. The only way is up for housing
Not to mention I have been out every wk/end looking at houses to buy. All the good ones are being bought at asking price and on day/first wk/end of listing. People are still clinging to super high prices for the crap shacks and I have seen a few drop $90k since listing (I still think they are overvalued). IMO some of them are $100-150k over priced. But the market is still snapping them up.
Not to mention I have been out every wk/end looking at houses to buy. All the good ones are being bought at asking price and on day/first wk/end of listing. People are still clinging to super high prices for the crap shacks and I have seen a few drop $90k since listing (I still think they are overvalued). IMO some of them are $100-150k over priced. But the market is still snapping them up.
hello,
oh gidday brothers, just back from doing 500 hrs of work this week and on the bus home there was this flyer on everyone's seat:
http://www.reiv.com.au/~/link.aspx?_id=4FF20028A7DB491F9728F6DB37B82EFD&_z=z
amazing, well another great week, called into festival hall on wednesday for the mass meeting, some great speeches from members of the community
oh well, take it easy brothers and enjoy the rest of the weekend
thankyou
professor robots
SELL SELL SELL AND SELL LIKE THERE IS NO TOMORROW !!!!
*yawn, STREEEEEEEEEETCH* ...... bored now MW. Come up with something new. This thread has been going for a couple of years now and nothing has happened.
I know .... let's rehash Steven Keen. He is always good for a graph and a pie chart !!
PATIENCE ???????!!!!!????? I have been exercising patience for a couple of years now and STILL nuffin has happened.
Intersting times ahead indeed. What effect will it have on Australian home prices? Coitus All. Sharemarket will tank. Rates will go up. Market flattens out again. Housing affordability (depending on which graph you use) will go up or down depending which camp you are in.
Jobs jobs jobs jobs is the key. Once this starts to slide and the people cannot afford to PAY for their mortgage you will see a definite trend down overall in house prices due to the fact we will be in a technical recession. Pretty damn close now.
But but but the people have to live somewhere so rentals will be a premium.
*goes back to bath and bottle of gin with razorblades in it*
The old chicken and the egg.
Which comes first :
1) House prices fall or stagnate and then unemployment rises
or
2) Unemployments rises and house prices fall.
I believe the first scenerio will apply.
Just have to wait and see.
Cheers
I am suggesting that if house prices fall, unemployment will rise.
To much in this country is linked to the continued rise of house prices, if they fall, so will confidence, so will our economy and the creation on new jobs with cease.
From my understanding, house prices in the US declined after unemployment started to rise.
Cheers
I am suggesting that if house prices fall, unemployment will rise.
To much in this country is linked to the continued rise of house prices, if they fall, so will confidence, so will our economy and the creation on new jobs with cease.
From my understanding, house prices in the US declined after unemployment started to rise.
Cheers
Stands to reason doesn't it?? Unemployment rises so therefore they cannot pay the mortgage so they have a fire sale to rescind debt or alternatively the bank gets involved and sells them up for the debt only. ERGO house prices WILL fall if unemployment starts to rise. No chicken and egg about it. This will happen.
People are using their fake equity to consume. Once prices stagnate they cannot spend. Retail tanks and unemployment rises. Where is the evidence of this?
Why only the past 6 months grasshopper
1) Equity is already used up so no more consumerism.
2) Prices have stagnated already. I wrote about it two years ago.
3) Retail is hanging on by a thread. (I should know I have a retail shop)
4) Unemplyoment HAS NOT declined ..... yet to happen in mass droves.
3 outta 4 aint bad there Sensei! What's with the 6 months?
6 months of no house price growth to fund the consumption.
Prices stagnated 6 months ago.
Unemployment in retail surely has been affected, and as the media likes to point out, non-mining related business is under extreme pressure.
Yet some on here are calling happy days, and that the past 2 years are some sort of indication for the next 2...
Like I said ....... wait until the jobs start to DECLINE across the board. A few job losses in retail might smarten them up. **** service they provide anyhow in most shops I go in to so they deserve what they get.
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