Yippee -  we now have a strong dollar.
It's time to buy.

http://www.bloomberg.com/news/2010-11-02/australia-unexpectedly-raises-main-rate-to-4-75-ending-five-month-pause.html

I wonder how many headlines this will deliver?!!?

Go Boom Go! Go HARD!!! Bugger the children, go economic good times and put the rent up whenever you can: that's what you invested for!

Let us import more people and then we can put up the rent even more! GO GO GO!

What's that: skills shortage.............. more workers form overseas then! More housing needed and more increases in rent and more money for the portfolio!

How was Andrew Forrest telling Australia that his was a small company the other day then he quickly had to tame the audience by correcting himself and say ,'...it was...' !??!

LOL!

The terrorists will never get sick of poking holes at our hypocritcal freedoms!

*** GO THE LUCKY/OR WAS IT CLEVER?!!? COUNTRY! ***

 ::) ::)

dON'T FORGET TO CAPITALISE ON THE JETSETTING CAPACITY OF OUR DOLLAR... maybe stopover thru some poor countries for a laugh ay?!!? Take some photos and come back and show your kids how some of the uneducated try and live!

Death - this is great news for shoppers & air travelers.
Not so good for exporters.

Just imagine the Xmas bargains this year?

Ho hum. It's a psychological barrier. There is not much difference between 98 cents and $1.01. Why the big hoohaw about reaching parity?

It's been hovering around parity for the last month and it has been over 90 cents for much of the year. So now that it reaches parity, we suddenly have this article than says that we have a strong dollar?  

Maybe we should have a parity party. What's a good atheist boy like you doing celebrating Xmas? Give them parity presents instead.  

Word is getting around the world that Australia is the place now where to get rich. Boat and plane loads of people will be arriving in droves to get rich.

It_is_the_Darkness wrote on Nov 3^rd, 2010 at 9:09am:

Word is getting around the world that Australia is the place now where to get rich. Boat and plane loads of people will be arriving in droves to get rich.

I hear what you're saying, although..

The time to get rich was when the market was down and the currency was low. Early 2009 was a good time to buy extra Super (to the max) while the unit prices were down.

History has shown that they will always recover. The good thing about the GFC (scary as it was) was that as long as you were employed, it provided an opportunity to buy cheap and reap the benefits when the market recovered.

We'll get another opportunity of course.

muso wrote on Nov 3^rd, 2010 at 7:50am:

Ho hum. It's a psychological barrier. There is not much difference between 98 cents and $1.01. Why the big hoohaw about reaching parity? It's been hovering around parity for the last month and it has been over 90 cents for much of the year. So now that it reaches parity, we suddenly have this article than says that we have a strong dollar?   Maybe we should have a parity party. What's a good atheist boy like you doing celebrating Xmas? Give them parity presents instead.

I still like it.
Where will we go from here?
Perhaps $1.50 in one years time with the way the Yanks are printing money.

Bobby. wrote on Nov 3^rd, 2010 at 11:58am:

muso wrote on Nov 3rd, 2010 at 7:50am: Ho hum. It's a psychological barrier. There is not much difference between 98 cents and $1.01. Why the big hoohaw about reaching parity? It's been hovering around parity for the last month and it has been over 90 cents for much of the year. So now that it reaches parity, we suddenly have this article than says that we have a strong dollar?   Maybe we should have a parity party. What's a good atheist boy like you doing celebrating Xmas? Give them parity presents instead.   I still like it. Where will we go from here? Perhaps $1.50 in one years time with the way the Yanks are printing money.

It's about time the Yuan went that way too. It's artificially low, and it's totally crazy to have it at that level.

Muso.

Quote:

It's about time the Yuan went that way too. It's artificially low, and it's totally crazy to have it at that level.

Well it's great when you're on Ebay.
The prices are lower than the shops here anyway.
It's still much cheaper even when you add the postage.
I just got a delivery today from Ebay & I'm thrilled with my purchase.
I think Ebay will put many people out of business.

Bobby. wrote on Nov 3^rd, 2010 at 5:35pm:

Muso. Quote: It's about time the Yuan went that way too. It's artificially low, and it's totally crazy to have it at that level. Well it's great when you're on Ebay. The prices are lower than the shops here anyway. It's still much cheaper even when you add the postage. I just got a delivery today from Ebay & I'm thrilled with my purchase. I think Ebay will put many people out of business.

I know someone who runs a video shop in a major shopping center. They are paying $1000 a day in rent to keep the shop open but reckons they will have to close soon. There is lots of traffic but not many people buying :( Probably people are buying online from Amazon and Ebay !!

I think there will be a huge paradigm shift in the way that retailing is done in the future and a lot of existing shops will close !!

Hi Nail.
Also Ebay has a greater choice.
I would be worried if I was a retailer.
Also look at Amazon.
You don't just have 1000 books to pick from in a shop -
you have millions to chose from - and videos etc etc.

The interent has changed everything.

Bobby. wrote on Nov 3^rd, 2010 at 5:59pm:

Hi Nail. Also Ebay has a greater choice. I would be worried if I was a retailer. Also look at Amazon. You don't just have 1000 books to pick from in a shop - you have millions to chose from - and videos etc etc. The interent has changed everything.

And Amazon has an infinitely larger variety than any outlet here :)

I think it is the death knell for a lot of shops. People are now just going to shopping centers for a coffee and some window shopping ;)

Nail.

Quote:

And Amazon has an infinitely larger variety than any outlet here I think it is the death knell for a lot of shops. People are now just going to shopping centers for a coffee and some window shopping

I agree.
Amazon has changed the world.
They only have rubbish in the shops.

<<People are now just going to shopping centers for a coffee and some window shopping >>
...................................................................................

and sales. If the big retail outlets, DJ's, Myer etc didn't have constant sales they'd go bust right now. This Christmas will be the straw that breaks the camels back, especially with the rate rise.

Ex Dame Pansi wrote on Nov 3^rd, 2010 at 7:12pm:

<<People are now just going to shopping centers for a coffee and some window shopping >> ................................................................................... and sales. If the big retail outlets, DJ's, Myer etc didn't have constant sales they'd go bust right now. This Christmas will be the straw that breaks the camels back, especially with the rate rise.

You could not imagine what is making money online.
I spoke to a girl who is making a living selling womens clothes on Ebay.
Her customers come back because of the bargains.
Myers will sell a blouse that they bought for $5 -   for $60  !!
& she sells it for $20.
The big stores will be out of business when this catches on.

I buy my clothes at Cotton On and Target. I rarely need to pay more than $10 for a t-shirt or jacket. At the moment, I'm considering buying online because it's even cheaper.

Hlysnan wrote on Nov 4^th, 2010 at 6:33am:

I buy my clothes at Cotton On and Target. I rarely need to pay more than $10 for a t-shirt or jacket. At the moment, I'm considering buying online because it's even cheaper.

Good - and with the dollar passing parity this morning - you'll get an even better deal.

Bobby. wrote on Nov 3^rd, 2010 at 7:36pm:

Ex Dame Pansi wrote on Nov 3rd, 2010 at 7:12pm: <<People are now just going to shopping centers for a coffee and some window shopping >> ................................................................................... and sales. If the big retail outlets, DJ's, Myer etc didn't have constant sales they'd go bust right now. This Christmas will be the straw that breaks the camels back, especially with the rate rise. You could not imagine what is making money online. I spoke to a girl who is making a living selling womens clothes on Ebay. Her customers come back because of the bargains. Myers will sell a blouse that they bought for $5 -   for $60  !! & she sells it for $20. The big stores will be out of business when this catches on.

The catch with Ebay is the postage, and the fact that you can't really check the quality of the items online.

Still, I've had a few bargains through Ebay.

If you want some really good bargains in clothes, the SE Asian countries, with the possible exception of Singapore is a good bet.  

I priced some perfumes for my wife for Christmas. I found the best deal at our local Discount Pharmacies shop on the high street. No worries about fake products either. I tried about 15 sources online. I don't trust Ebay for perfumes, but strawberry.net is not bad.

If you can buy it cheap, the regular shops can too.

By the way, Duty Free shops are usually overpriced. You can usually get a better deal shopping around.

Well kids.
With the dollar passing parity - we'll all get better deals.
You just have to research the best places.

there will be more money spending oversea than at home .. mean an even larger debt not far ahead .. and the crisis is very near ..

Just ordered a new custom bow from the States. Wish I could have afforded a second one as well.

Should have it by Xmas.

I hope that`s bow, not beau.

locutius wrote on Nov 4^th, 2010 at 12:34pm:

Just ordered a new custom bow from the States. Wish I could have afforded a second one as well. Should have it by Xmas.

Bows & arrows are not allowed through customs.
Looks like you struck out.

bridonta wrote on Nov 4^th, 2010 at 12:09pm:

there will be more money spending oversea than at home .. mean an even larger debt not far ahead .. and the crisis is very near ..

Yes, but a politically stable country with a good economy is hard to find. The overseas investers will come - and leave in an instant when things start to stabilise in the US. Of course that might be some time off.

Bobby. wrote on Nov 4^th, 2010 at 3:06pm:

locutius wrote on Nov 4th, 2010 at 12:34pm: Just ordered a new custom bow from the States. Wish I could have afforded a second one as well. Should have it by Xmas. Bows & arrows are not allowed through customs. Looks like you struck out.

Sure they are bobby..it's CROSS bows that are banned, not recurve/compound

gizmo_2655 wrote on Nov 4^th, 2010 at 4:09pm:

Bobby. wrote on Nov 4th, 2010 at 3:06pm: locutius wrote on Nov 4th, 2010 at 12:34pm: Just ordered a new custom bow from the States. Wish I could have afforded a second one as well. Should have it by Xmas. Bows & arrows are not allowed through customs. Looks like you struck out. Sure they are bobby..it's CROSS bows that are banned, not recurve/compound

Oh really.
Not according to this.

http://www.customs.gov.au/site/page4372.asp


Quote:

The following items are not controlled under the Regulations at present. However, you should contact the Firearms/Weapons Registry of your State/Territory Police Service to determine any requirements they might have on the possession of an item. swords bayonets general archery equipment such as bows and arrows, except for crossbows

Looks like they could still be held up.
You have to watch what you buy.

Bobby. wrote on Nov 4^th, 2010 at 5:31pm:

gizmo_2655 wrote on Nov 4th, 2010 at 4:09pm: Bobby. wrote on Nov 4th, 2010 at 3:06pm: locutius wrote on Nov 4th, 2010 at 12:34pm: Just ordered a new custom bow from the States. Wish I could have afforded a second one as well. Should have it by Xmas. Bows & arrows are not allowed through customs. Looks like you struck out. Sure they are bobby..it's CROSS bows that are banned, not recurve/compound Oh really. Not according to this. http://www.customs.gov.au/site/page4372.asp Quote: The following items are not controlled under the Regulations at present. However, you should contact the Firearms/Weapons Registry of your State/Territory Police Service to determine any requirements they might have on the possession of an item. swords bayonets general archery equipment such as bows and arrows, except for crossbows Looks like they could still be held up. You have to watch what you buy.

And your point is????
"The following items are not controlled"

So Crossbows ARE banned, but swords, bayonets and bows and arrows aren't.....

However, you should contact the Firearms/Weapons Registry of your State/Territory Police Service to determine any requirements they might have on the possession of an item.

Stick that in ya pipe & smoke it.

Bobby. wrote on Nov 4^th, 2010 at 5:42pm:

However, you should contact the Firearms/Weapons Registry of your State/Territory Police Service to determine any requirements they might have on the possession of an item. Stick that in ya pipe & smoke it.

Yeah, but QLD, NSW and VIC have NO restriction on Bows.......
I know, because I have compound bow on top of my wardrobe....

Swords are a naughty here in NSW, but bows aren't....neither are bayonets...

Basically, bows CAN be imported into Australia....the restriction is State by State...

So your post that bows and arrows were illegal imports into Australia as a whole was WRONG......

And QLD pretty much doesn't ban anything.....not sure on crossbows...

Alright Gizmo - don't get your knickers in a knot.
Don't shoot the messenger.

If you happen to know then tell us up front.
I didn't know & went to the Customs website for advice.
If their advice is misleading it's not my fault.

Bobby. wrote on Nov 4^th, 2010 at 5:56pm:

Alright Gizmo - don't get your knickers in a knot. Don't shoot the messenger. If you happen to know then tell us up front. I didn't know & went to the Customs website for advice. If their advice is misleading it's not my fault.

But if you misread it, it IS your fault...

gizmo_2655 wrote on Nov 4^th, 2010 at 5:57pm:

Bobby. wrote on Nov 4th, 2010 at 5:56pm: Alright Gizmo - don't get your knickers in a knot. Don't shoot the messenger. If you happen to know then tell us up front. I didn't know & went to the Customs website for advice. If their advice is misleading it's not my fault. But if you misread it, it IS your fault...

I did not misread it.


Quote:

However, you should contact the Firearms/Weapons Registry of your State/Territory Police Service to determine any requirements they might have on the possession of an item.

Quote:

Swords are a naughty here in NSW

There used to be sort of an odd-and-ends store in the Dubbo civic center that sold a bunch of swords. You could pick them up and fool around with them in the store; they weren't behind cabinets or anything like that.

Mind you, this was in 1994. I just remember this because I was like 8 or so at the time and really wanted to buy one.

JC Denton wrote on Nov 4^th, 2010 at 7:23pm:

Quote: Swords are a naughty here in NSW There used to be sort of an odd-and-ends store in the Dubbo civic center that sold a bunch of swords. You could pick them up and fool around with them in the store; they weren't behind cabinets or anything like that. Mind you, this was in 1994. I just remember this because I was like 8 or so at the time and really wanted to buy one.

I think that was back before people started using them in street fights...

Now it's even illegal to carry a pocket knife....

1 Australian dollar = 1.00500 U.S. dollars


It has passed parity.

Gee, I remember when I carried a Ghurka Knife through the Australian Airport after returning from the Himalaya. I declared it, but the guy held the thing up and said "not bad" and passed me through.
Them was the days and that was just the 80's.

Regarding Scuba Gear.
Go into a Shop, have someone tell you all about the product and then go away and get it sometimes at 60% cheaper online.
Electronic stuff is not something you would buy online though - very wise to steer away from such stuff. Seen too many Divers with online Regs, Computers and Cameras go bung deep underwater.
A lot of Dive Shops have 'shut up shop' or forced to move further inland where the lease/rents are cheaper.
(This year, a lot of shops in the Campbelltown area are not carrying on due to the new hike in rates. Eg. Video shop told to pay a 5 years lease, rather than 2 year and at an extra rise of 30%.)

Some people a few houses up from my parents just forked out $175,000 for extensions to their house due to money made on Ebay.
Personally I think they got ripped on the extensions.
A lot of crooks are stealing more so these days because of the availability of Ebay to sell stolen goods. No longer do they have to do it down at the Pub.

I agree Gizmo, there was a lot of advantages to having a very low dollar in comparison to the USA buck.

gizmo_2655 wrote on Nov 4^th, 2010 at 8:29pm:

JC Denton wrote on Nov 4th, 2010 at 7:23pm: Quote: Swords are a naughty here in NSW There used to be sort of an odd-and-ends store in the Dubbo civic center that sold a bunch of swords. You could pick them up and fool around with them in the store; they weren't behind cabinets or anything like that. Mind you, this was in 1994. I just remember this because I was like 8 or so at the time and really wanted to buy one. I think that was back before people started using them in street fights... Now it's even illegal to carry a pocket knife....

My cousin tore a picket off a fence & smashed a bloke`s skull with it.  It gave us the edge that we needed to survive a very outnumbered situation.  Ban pickets, so more whiteys can be bashed!

Bobby. wrote on Nov 4^th, 2010 at 3:06pm:

locutius wrote on Nov 4th, 2010 at 12:34pm: Just ordered a new custom bow from the States. Wish I could have afforded a second one as well. Should have it by Xmas. Bows & arrows are not allowed through customs. Looks like you struck out.

Wow!

Then 4 of my 11 bows hanging on the wall and a hundred plus arrow shafts must be figments of my imagination. Oh and the hundreds of other archers on the forums that have been ordering bows for years overseas.

Like I said, it will be here by xmas.

gizmo_2655 wrote on Nov 4^th, 2010 at 5:47pm:

Bobby. wrote on Nov 4th, 2010 at 5:42pm: However, you should contact the Firearms/Weapons Registry of your State/Territory Police Service to determine any requirements they might have on the possession of an item. Stick that in ya pipe & smoke it. Yeah, but QLD, NSW and VIC have NO restriction on Bows....... I know, because I have compound bow on top of my wardrobe.... Swords are a naughty here in NSW, but bows aren't....neither are bayonets... Basically, bows CAN be imported into Australia....the restriction is State by State... So your post that bows and arrows were illegal imports into Australia as a whole was WRONG...... And QLD pretty much doesn't ban anything.....not sure on crossbows...

That's pretty right Gizmo,

No State has restrictions on Bows although WA is pushing for it. Crossbows are a licenced item under most weapons legislation with the possible exception of SA...but I believe that may have now come in line with the other States.

Even so, you are able to import Crossbow and general Cat A and Cat B, and Cat M, firearms but there is extra paperwork that needs to be handled and I think the items need to be sent directly to your local gun shop to have it registered before you can take possession.

1 Australian dollar = 1.01400 U.S. dollars

You can even import an African drum with a goatskin head. When you buy them in Africa, you pay an extra $20 or so for a certificate that states that it has been treated with radiation or saturated with salt for 2 weeks.

I'd suggest that every African drum that's imported into Australia or the EEC have a similar certificate that states that they have been treated. How many do you suppose have actually been treated?

I'd make a guess at a round number.

muso wrote on Nov 5^th, 2010 at 7:06pm:

You can even import an African drum with a goatskin head. When you buy them in Africa, you pay an extra $20 or so for a certificate that states that it has been treated with radiation or saturated with salt for 2 weeks. I'd suggest that every African drum that's imported into Australia or the EEC have a similar certificate that states that they have been treated. How many do you suppose have actually been treated? I'd make a guess at a round number.

Are the certificates printed in China? ;D

aussiefree2ride wrote on Nov 6^th, 2010 at 6:14am:

muso wrote on Nov 5th, 2010 at 7:06pm: You can even import an African drum with a goatskin head. When you buy them in Africa, you pay an extra $20 or so for a certificate that states that it has been treated with radiation or saturated with salt for 2 weeks. I'd suggest that every African drum that's imported into Australia or the EEC have a similar certificate that states that they have been treated. How many do you suppose have actually been treated? I'd make a guess at a round number. Are the certificates printed in China? ;D

They are usually filled in by government officials at the airport in countries like Guinea and Mali. It's a nice little earner.

Australian customs sprayed my djembe (African drum) with insecticide, which was fair enough, but if I didn't have the certificate, it would have been firewood.

I want a Zulu Impi shield and spear. Anybody know where I can buy one without having to actually go out and fight a Zulu army?

Quote:

I want a Zulu Impi shield and spear. Anybody know where I can buy one without having to actually go out and fight a Zulu army?

If you're serious, I can probably source them for you - none of this modern repro sh!t either.

muso wrote on Nov 6^th, 2010 at 6:24am:

aussiefree2ride wrote on Nov 6th, 2010 at 6:14am: muso wrote on Nov 5th, 2010 at 7:06pm: You can even import an African drum with a goatskin head. When you buy them in Africa, you pay an extra $20 or so for a certificate that states that it has been treated with radiation or saturated with salt for 2 weeks. I'd suggest that every African drum that's imported into Australia or the EEC have a similar certificate that states that they have been treated. How many do you suppose have actually been treated? I'd make a guess at a round number. Are the certificates printed in China? ;D They are usually filled in by government officials at the airport in countries like Guinea and Mali. It's a nice little earner. Australian customs sprayed my djembe (African drum) with insecticide, which was fair enough, but if I didn't have the certificate, it would have been firewood.

That is interesting.

JC Denton wrote on Nov 9^th, 2010 at 7:44pm:

I want a Zulu Impi shield and spear. Anybody know where I can buy one without having to actually go out and fight a Zulu army?

Just get an uzi like everyone else.

currently there i s rush from most world govts to depreciate their currencies.
Australia seems to be the only one not doing so.
whether this is good or bad,is hard to say.
but if they keep pushing up interest rates,then of course what else will happen..?

Quote:

Swords are a naughty here in NSW, but bows aren't....neither are bayonets...

I don't think there's any restrictions on sword ownership in NSW - they come up often enough in public militaria auctions.

The only trouble I've ever had was with getting a few genuine SS and LW daggers through customs, but that was quite easily sorted.

muso wrote on Nov 3^rd, 2010 at 9:34am:

It_is_the_Darkness wrote on Nov 3rd, 2010 at 9:09am: Word is getting around the world that Australia is the place now where to get rich. Boat and plane loads of people will be arriving in droves to get rich. I hear what you're saying, although.. The time to get rich was when the market was down and the currency was low. Early 2009 was a good time to buy extra Super (to the max) while the unit prices were down. History has shown that they will always recover. The good thing about the GFC (scary as it was) was that as long as you were employed, it provided an opportunity to buy cheap and reap the benefits when the market recovered. We'll get another opportunity of course.

 There has been 13 bear market periods since the depression.  The GFC was awesome, gave us the opportunity to do some serious dollar cost averaging in both our super and non super portfolios.  Some will say that it may take 20 years for these assets to see any significant growth, I'm nowhere near as pessimistic as that, but frankly don't care how long it takes in fact would be happy to see it retreat 50% over the next 10 years (which of course is not going to happen)

The time to get rich is always when the market is down.  Buy low, buy high, never sell, grow the portfolio unit numbers until the income replaces your wage/salary and you have many many options.  It's not really rocket science.

The big challenge is ignoring the hysteria peddled by financial journalism and overcoming the fear of "capital loss" which can't actually occur unless you sell your investment, anyone that did that while the price was down wants their head read.  

qikvtec wrote on Nov 9^th, 2010 at 8:49pm:

muso wrote on Nov 3rd, 2010 at 9:34am: It_is_the_Darkness wrote on Nov 3rd, 2010 at 9:09am: Word is getting around the world that Australia is the place now where to get rich. Boat and plane loads of people will be arriving in droves to get rich. I hear what you're saying, although.. The time to get rich was when the market was down and the currency was low. Early 2009 was a good time to buy extra Super (to the max) while the unit prices were down. History has shown that they will always recover. The good thing about the GFC (scary as it was) was that as long as you were employed, it provided an opportunity to buy cheap and reap the benefits when the market recovered. We'll get another opportunity of course.  There has been 13 bear market periods since the depression.  The GFC was awesome, gave us the opportunity to do some serious dollar cost averaging in both our super and non super portfolios.  Some will say that it may take 20 years for these assets to see any significant growth, I'm nowhere near as pessimistic as that, but frankly don't care how long it takes in fact would be happy to see it retreat 50% over the next 10 years (which of course is not going to happen) The time to get rich is always when the market is down.  Buy low, buy high, never sell, grow the portfolio unit numbers until the income replaces your wage/salary and you have many many options.  It's not really rocket science. The big challenge is ignoring the hysteria peddled by financial journalism and overcoming the fear of "capital loss" which can't actually occur unless you sell your investment, anyone that did that while the price was down wants their head read.

http://stockcharts.com/charts/historical/images/djia1900s.png

https://chart.bigcharts.com/custom/etrade-australia/chart.asp?symb=XAO&time=10yr&freq=1dy&type=1&compidx=aaaa%3a0&uf=0&ma=2&maval=25&lf=268435456&style=2061&size=1&comp=
Why wouldn't the markets drop 50% again?

And, why would it take 10 years?

Btw, if your share/s decline by 50%, there still worth 50% less, whether you sell them or not.

For those who sat on their shares during the Great Depression, it took some 25 years to get back to square, this time may be longer. In fact, share prices may never, at least not in our life times, get back to the 2007 all time highs, in most markets.

The japanese will never again see Nikkei 40,000!
http://chart.finance.yahoo.com/z?s=%5eN225&t=my&q=l&l=on&z=l&p=s&a=v&p=s&lang=en-AU&region=AU

perceptions_now wrote on Nov 9^th, 2010 at 10:06pm:

qikvtec wrote on Nov 9th, 2010 at 8:49pm: [quote author=muso link=1288696141/0#6 date=1288740846][quote author=Jasignature link=1288696141/0#5 date=1288739368]Word is getting around the world that Australia is the place now where to get rich. Boat and plane loads of people will be arriving in droves to get rich. And, why would it take 10 years?  I meant to say retreat 50% and stay there for 10 years. Btw, if your share/s decline by 50%, there still worth 50% less, whether you sell them or not. and?, my investments don't know what I paid for them. For those who sat on their shares during the Great Depression, it took some 25 years to get back to square, this time may be longer. In fact, share prices may never, at least not in our life times, get back to the 2007 all time highs, in most markets. and the incomes of these companies ceased right? The japanese will never again see Nikkei 40,000! Unlucky for their kids inheritance, but almost completely irrelevant to the ASX, particularly the ASX50

Quote:

For those who sat on their shares during the Great Depression, it took some 25 years to get back to square, this time may be longer.

Rubbish - most people were left with worthless shares that could be
thrown in the rubbish bin.
Also thousands of banks went under taking all their depositors money with them.

Bobby. wrote on Nov 9^th, 2010 at 10:47pm:

Quote: For those who sat on their shares during the Great Depression, it took some 25 years to get back to square, this time may be longer. 1) Rubbish - most people were left with worthless shares that could be thrown in the rubbish bin. 2) Also thousands of banks went under taking all their depositors money with them.

1) It took around 25 years for the DOW to attain the same level!

2) That's correct!

i don't see why everyone is discussing recession and share price reductions.

the hot money from the US recently released by the Fed must surely be pushing,gold,silver,mining stocks,and generally all stocks upwards for some time to come.

i think the future looks great for a while.

Very interesting and accessible article from the japan times explains the decline in the US dollar very succinctly and easily for laymen like myself;

http://search.japantimes.co.jp/cgi-bin/fl20101107x1.html

Japan seems to have it's own problems due to fundamental structural problems with it's economy and it's refusal to reform bank and finacial services.

the growth story which continues to advance the region including Australia is China.

the hot money coming from America will continue to fuel the Chinese economy,and therefore build greater strength for the companies which sell to China,such as mining companies and gold companies.

the next 1 to 2 years seem very broght and full of economic optimism thanks to the Chinese..

Dragoneyes wrote on Nov 10^th, 2010 at 4:48pm:

1) Japan seems to have it's own problems due to fundamental structural problems with it's economy and it's refusal to reform bank and finacial services. the growth story which continues to advance the region including Australia is China. 2) the hot money coming from America will continue to fuel the Chinese economy,and therefore build greater strength for the companies which sell to China,such as mining companies and gold companies. the next 1 to 2 years seem very broght and full of economic optimism thanks to the Chinese..

1) What do you think is at the basis of those structural problems?

2) I wouldn't be too sure about that!
The Japanese "structural problems" are now out & about in most of the rest of the world and a few more "structural problems" are now coming home to roost.