Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Good question.
Australia in the firing line - possible.
Will it impact the RBA rate decision? Most likely.
Personal opinion only, I'd see this as a small impact on Aus economy and small world wide, so if there is a shares slump it will be profit taking rather than another collapse.
Of more concern will be the US retail trading figures for xmas. If they're in the doldrums that will be a nervous time to be in shares.
my 2 cents
Being short the markets for a week, make me happy and a little more piston and a little less broke
But the big question is who the 800bil is owed to?
And my guess is arab branches of western banks, or arab banks got their funds from western bank or central banks.
Given the amount very few of the world largest banks and central will not have exposure.
So it seems it another credit crunch like the US one.
The futures markets have already reacted taking a dive as will stock markets on monday.
ha ha - flight to the safety of the USD. suckers.
ha ha - flight to the safety of the USD. suckers.
Well I bought USD from 92 upwards last time and sold at 73-65.
I done the same again buying over 92. Going against all the Schiffs and other self annointed gurus preaching to buy AUDs.
I reckon the USD is worth much more than the AUD.
I reckon the USD is worth much more than the AUD.
dubai - where saudi's go to party when they're young and die when they're old.
it's like the florida of the middle east.
. This incident makes a mockery of the idea that anyone of us (economists, traders, the barefoot investor, David Hasselhoff) can predict what will happen to the economy, house prices etc going forward. Too many variables!
Save, invest, save, invest, save, invest....watch your debt.
This is an incredibly wise comment.
The sooner people realise this the more investors will realise that intelligent investing involves investing on fundamental values rather than speculative (educated?) guesses of the future.
This is an incredibly wise comment.
The sooner people realise this the more investors will realise that intelligent investing involves investing on fundamental values rather than speculative (educated?) guesses of the future.
It is easy to say but it is very hard to know what is fundamental value. I spend most of my days reading fundamental of the economy and markets and it is far easier to be a speculator and just follow the trend.
I'd argue . What you appear to be saying is that unless someone is 100% correct about everything they are worthless. I'd say that no-one can be perfect, but some are more likely to assess circumstances correctly, or with a higher probability of being correct. It's the balance of probabilities that is important.aussierogue said:All that this shows is how tenous most things are. This incident makes a mockery of the idea that anyone of us (economists, traders, the barefoot investor, David Hasselhoff) can predict what will happen to the economy, house prices etc going forward. Too many variables!