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Alex's Plan for World Domination That’s the aim, of course. Whether I achieve it….. we’ll see. I figure interest only at around 7.5% IO. Use existing equity for deposits so 100% LVR. The sort of deal I’m envisioning is a person in a house that has a job but financial problems due to, say, an...

Hi, Kenneth, It’s just getting a general feel for the market. It’s not very scientific: checking if list prices are going down, the language used in the ads (desperate seller, etc – I even see some ads for blocks stating that the vendor is willing to finance at below market rates), seeing if...

I don't, I think Sydney is going to fall in the near future (20%, at least). The salaries don't support the prices, and when a recession hits, those highly geared first time investors who bought into the boom are going to get killed. I'm starting to see falls in some of those high-class...

I still think there’s a recession coming. Don’t know about the timing but I think it will hit soon. My prediction is that Chinese growth is going to stall. It might be the US going into recession because of high interest rates or geopolitical factors. Generally the economy is very precarious...

Fundamentally, it seems that supply take a long time to create (in terms of opening up mines) and it's expensive (staff, equipment) presumably because a lot of companies are opening mines at the moment (those 20 year projects we keep hearing about). On the demand side, part of it is...

The way I was reading the weekend papers was that, in the absence of a contract for iron ore, buyers would have to get supplies from the spot market. i.e. the higher the spot price, naturally the higher the contract price. Also the contracts are renegotiated yearly, so if the spot price drops...

I searched for this on the net but couldn't find much that's relevant. Does anyone know what happened during the last mining boom? My understanding is that Japanese demand came down, while expensive supply came on line. It might be a case of finding the theories to fit my own preconceptions but...

kph, of course, I'm only getting my info from the newspapers. I'm certainly not experienced in this field. Every time someone says 'this time it's different', though, I have to ask, what did you say last time? What happened last time there was a mining boom and what caused the bust? Even...

If commodity prices pull back, you have to wonder how many of those massive 20 year projects suddenly become unviable. Rising expenses from salaries, machinary etc isn't a problem when you have rising revenues (and ability to raise capital) but when that revenue falls off......

Is anyone seeing shades of the internet bubble here? Back in the late 90's software engineers, etc were being snapped up at ridiculous salaries by dot com companies. Silicon Valley property and office space shot into the stratosphere. Then demand fell off, and suddenly all those expensive staff...

I think using median prices understates the situation. From 1990 - 92 the Sydney median price only fell by about 4%. Alex

I'm sure they'll learn it, and that's why long term China will be right up there with the US. Though further down the line there will be issues like pensions and demographics (that one child thing practically cut out a whole generation of women). I just don't believe they'll get it right the...

From some articles I've found on the net, it seems that in the 1960s mining demand was driven by the rapid industrialisation of Japan. There were hiccups due to the oil crises, etc. In the end capacity (new mines) increased to such an extent, together with higher costs (equipment, skilled staff...

Heard it when the NASDAQ was around 5,000. Alex

What did people say about Perth during the last mining boom? And the last mining crash? In a way this is good: scare the chickens away from the eastern cities. Let the market fall and rents rise. Gives real investors a chance to pick up a few Eastern properties. Alex