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Australiaâ€âÃ, Is it a House of Cards? |
 Posted: Jul 1 2019, 09:20 AM
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Posts: 7,962 Thanks: 2652  |
QUOTE A projected jump in Australia’s ÂÂresources export earnings to a record $285 billion this year may prove short-lived as a plunge in mining investment to a decade low and an expected retreat in iron ore and coal prices dampens the medium-term outlook. - The spin is usually that it's too good to be true & won't last, and yet the surprise has been to the upside for a long time. Even the downturns seem to be curtailed. Govt and the national spend must like the flow of royalties into their coffers, too.The country’s resources and ÂÂenergy export earnings are estimated to have reached $275bn in the just-completed 2018-19 financial year, 21 per cent above the previous high mark of $227bn in 2017-18, in numbers released today by the Department of Industry. A further $10bn earnings jump to $285bn is tipped in 2019-20 in a boon for the federal government, reflecting buoyant iron ore and gold prices and an increase in ÂÂexport volumes. So, when will we all be rooned? -------------------- "Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman
"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne |
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Posted: Dec 21 2017, 11:25 AM
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 Posts: 6,791 Thanks: 2307 |
In Reply To: nipper's post @ Dec 20 2017, 04:22 PM QUOTE Why read it? Why comment on something you haven't read in it's entirety? -------------------- The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler
If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington |
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Posted: Dec 20 2017, 04:22 PM
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Posts: 7,962 Thanks: 2652 |
In Reply To: blacksheep's post @ Dec 20 2017, 01:55 PM Why read it? There's lots of 'information' out there, and hyperbole doesn't cut it as clickbait. -------------------- "Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman
"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne |
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Posted: Dec 20 2017, 01:55 PM
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Posts: 6,791 Thanks: 2307 |
In Reply To: nipper's post @ Dec 20 2017, 02:33 AM Don't judge an article, or it's author, by it's first sentence  Why not read it all
-------------------- The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler
If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington |
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Posted: Dec 20 2017, 09:08 AM
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Posts: 13,217 Thanks: 1515 |
In Reply To: nipper's post @ Dec 20 2017, 02:33 AM the author appears to have a limited vocabulary. ==================== don't be too fassy nipper. if you can put up with me, then you can put up with anyone!!  joke aside aussie economy looks about to hit skids as housing market looks really really tired. rate gonna be raised everywhere----from uncle sam to chinese . |
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Posted: Dec 20 2017, 02:33 AM
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Posts: 7,962 Thanks: 2652 |
In Reply To: blacksheep's post @ Dec 19 2017, 10:08 PM Judging by the first sentence, in the quote, the author appears to have a limited vocabulary. -------------------- "Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman
"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne |
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Posted: Dec 19 2017, 10:08 PM
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Posts: 6,791 Thanks: 2307 |
According to this article
QUOTE As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble. Unfortunately for Australia, that “lucky†free ride is just about to end.. Interesting read - https://medium.com/@matt_11659/matt-barrie-...ds-6877adb3fb2f -------------------- The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler
If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington |
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