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  1. topcropper

    Recession likely in Australia

    Dear Kenneth. All just fun speculating on my part. Although I'm thinking like a few others on here that the top end of property markets may get a fair hit, but not the bottom end. For example, the bottom end properties can now be bought for about cost of construction, and construction costs...
  2. topcropper

    Recession likely in Australia

    Yeah, neither can I. I was just being speculatively hopefull. I would say Australia deserves a 50c dollar. Imagine letting everything depend on a resource boom for flips sake?. It's interesting to look at resource prices in A$ though. Very interesting. See ya's.
  3. topcropper

    Recession likely in Australia

    Pretty much spot on there. One thing that could come into effect in 12 months when everything has calmed down, is that all the resource boom expansion that will now get cancelled. The big supply response that was coming won't happen now. Lots of metals are now at below cost. Mines will shut...
  4. topcropper

    Recession likely in Australia

    It's not so obvious though. It's a no brainer for a place like England. They import energy, and they import food. England is in financial trouble. The US is obviously in trouble now due to their energy use and massive debt levels. But they still have a strong manufacturing industry of...
  5. topcropper

    Recession likely in Australia

    Interesting to look at where people live, and the bullish or bearish views they have. We certainly are a two speed economy right now, but I think we should get used to it. See ya's.
  6. topcropper

    Recession likely in Australia

    Hey, that's great. I agree. See ya's.
  7. topcropper

    Recession likely in Australia

    That is a good point too. China exported deflation with it's cheap consumer goods. But how cheap can a DVD player possibly get? But now China is exporting inflation. Cheap consumer goods have bottomed out [because they can't get any cheaper] but now energy, minerals and food takes off...
  8. topcropper

    Recession likely in Australia

    Yep, where will the cash come from? Property has outperformed inflation and CPI for a long time, and the reasons for this are very easy to understand. ****..........People have had more cash to pay for property............**** Some of the reasons people had more cash are not there...
  9. topcropper

    Recession likely in Australia

    What effect will the new coking coal prices have. Talk is that prices will jump 300% ...??? Iron Ore going up heaps. There is a global copper shortage looming. Soft commodities boom just getting started, and as Australia exports two thirds of it's food in a non drought time, that's got...
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