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Australia’s Economy, Is it a House of Cards?
nipper
post Posted: Jul 1 2019, 09:20 AM
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QUOTE
A projected jump in Australia’s ­resources 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 country’s resources and ­energy 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 ­export volumes.
- 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.

So, when will we all be rooned?




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"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
 
blacksheep
post Posted: Dec 21 2017, 11:25 AM
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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?



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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
 
nipper
post Posted: Dec 20 2017, 04:22 PM
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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.



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"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
 
blacksheep
post Posted: Dec 20 2017, 01:55 PM
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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 smile.gif 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
 
early birds
post Posted: Dec 20 2017, 09:08 AM
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In Reply To: nipper's post @ Dec 20 2017, 02:33 AM

the author appears to have a limited vocabulary.
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don't be too fassy nipper. if you can put up with me, then you can put up with anyone!! lmaosmiley.gif

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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nipper
post Posted: Dec 20 2017, 02:33 AM
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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.



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"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

Said 'Thanks' for this post: early birds  
 


blacksheep
post Posted: Dec 19 2017, 10:08 PM
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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
Attached File(s)
Attached File  download.jpg ( 8.63K ) Number of downloads: 0

 




--------------------
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

Said 'Thanks' for this post: early birds  Pendragon  tombeet  
 
 



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