Australian Politics Forum - Stock Market crashing !!

Captain Nemo Gold Member Offline Australian Politics Posts: 14935 Melbourne Gender:	Re: Stock Market crashing !! Reply #120 - Mar 13^th, 2020 at 5:34pm Yep, a big debt but it is either that or suffer massive unemployment. I'd opt for increased debt.
Back to top	The 2025 election WAS a shocker. IP Logged

Bobby.

Gold Member

Offline

Australian Politics

Posts: 118928
Melbourne
Gender: male

Re: Stock Market crashing !!
Reply #121 - Mar 13^th, 2020 at 5:40pm

Captain Nemo wrote on Mar 13^th, 2020 at 5:34pm:

Yep, a big debt but it is either that or suffer massive unemployment.

I'd opt for increased debt.

But even with an impossible budget surplus of $100 billion
per annum for 8 years it would still not be paid off
as there is interest too.

It will never be paid off.
We will owe it forever and it will increase.

Back to top

IP Logged

SadKangaroo

Gold Member

Offline

Not sad, just paying attention
to how cooked it is

Posts: 22187
Meeanjin (Brisbane)

Re: Stock Market crashing !!
Reply #122 - Mar 14^th, 2020 at 8:22am

Captain Nemo wrote on Mar 13^th, 2020 at 5:34pm:

Yep, a big debt but it is either that or suffer massive unemployment.

I'd opt for increased debt.

Me too.

But it is funny/tragic/typical of those who support the Liberal Party who were foaming at the mouth of the idea of Rudd and Swann doing this are now supporting Morrison doing the same thing, from a much weaker economic position with the policy designed politically first meaning the outcomes will be less benefit per $ spent.

Back to top

IP Logged

Jasin

Gold Member

Offline

Posts: 56770
Gender: male

Re: Stock Market crashing !!
Reply #123 - Mar 14^th, 2020 at 9:25am

...after the Virus does it's work of putting all the greedy Economies in bed for ages.

The Riots will start - people gathering in mass numbers like they never were allowed to during the Viral downturn.

Then the Wars will start to put those Rioters to work in the Real Estate Industry - like when China takes resource rich Siberia from a rusted out Russia (where Putin flees like Rasputin).

The World will Burn! (and Celeste Barber will be asking for more money to put them out).

Back to top

AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

IP Logged

Sir Grappler Truth Teller OAM

Gold Member

Offline

Australian Politics

Posts: 90135
Proud Old White Australian Man
Gender: male

Re: Stock Market crashing !!
Reply #124 - Mar 14^th, 2020 at 10:14am

Budget surpluses are not money in the bank - they are forward estimates that rarely, if ever, pan out. Same with deficits... with both usually ending up deeper in the hole than predicted.

Borrow, borrow, borrow from potential future enemies - then when Der Tag comes, all debts to enemy combatant nations are written off... so suck deeply of the Chinese teat while it lasts... get 'em to pour cash into the joint in the hope of establishing Austrochine - The New South East Province... then rip 'em off!

The ruling elite (self-appointed) over there have plenty to tide them over...

Back to top

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

IP Logged

Baronvonrort

Gold Member

Offline

Australian Politics

Posts: 20558
Gender: male

Re: Stock Market crashing !!
Reply #125 - Mar 14^th, 2020 at 6:40pm

Sir lastnail wrote on Mar 12^th, 2020 at 9:58am:

Baronvonrort wrote on Mar 10^th, 2020 at 1:18pm:

Sir lastnail wrote on Mar 9^th, 2020 at 12:24pm:

Baronvonrort wrote on Mar 9^th, 2020 at 12:09pm:

Gordon wrote on Mar 9^th, 2020 at 11:36am:

Sir lastnail wrote on Mar 9^th, 2020 at 11:34am:

ASX down 6.1% !!

A smart bloke like you would see this as a buying opportunity, right?

Nah Nails doesn't have any money.

Smart is offloading 3000 Commonwealth Banks shares on Thursday afternoon at $77.50 then buying them back at $70.08 today for a tidy sum in a couple of days.

The Commonwealth bank isn't going to go broke the lefties continually whinge how banks are crooks..lol

You got a margin call did ya Wink

LOL

and how much cash reserves does the bank have to cover it's bad loans ?? And how much of its loan book is in property ??

when scumo and co no longer have any more cans to kick down the road to keep their housing ponzi scam going what you going to do with your bank shares ?? Maybe use them as dunny roll Cheesy

LOL

If I waited a bit longer I could have made far more, I didn't think it would go much below $70 before bouncing back.

The price dropped down to $65.80 this morning and has rebounded to $71.24.
https://www.google.com.au/search?source=hp&ei=rgRnXomvJ-yQ4-EPiY6ekAg&q=commonwe...

The Banks aren't going to go broke people get paid with bank deposits instead of going to the pay office, the recent ban on cash transactions over $10K means they will be around for quite some time. We are moving towards a cashless society we can't do that without banks.

My Westpac shares wouldn't have given as much in a return by selling them high then buying them back.

The hoarders stocking up on dunny paper, rice ,pasta etc means my Woolworths shares will continue to do well.

Might sell my Westfield shares in the future. Frank Lowy is no longer in control and the world is moving further towards online shopping. Not many vacant shops in any Westfields these shares have performed well over the last 30 years.

You should have waited a few more days. It was only a dead cat bounce Wink

It finished higher on Friday compared to where it started in the morning.

The 2009 crash was much worse those who sold up lost huge amounts those who held onto them did very well.

To avoid paying CGT I bought more Westpac shares.

Back to top

Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.

IP Logged

Jasin Gold Member Offline Posts: 56770 Gender:	Re: Stock Market crashing !! Reply #126 - Mar 17^th, 2020 at 7:33am USA SM dropped considerably in its last hour yesterday. President of USA says the word "Recession" in a press conferance. Corona Virus cleanses the filth from the planet.
Back to top	AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY. IP Logged

Captain Nemo Gold Member Offline Australian Politics Posts: 14935 Melbourne Gender:	Re: Stock Market crashing !! Reply #127 - Mar 17^th, 2020 at 8:59am Probably another 10% drop for us - or even more - today ... Hold onto your hats, it can and probably will drop even further.
Back to top	The 2025 election WAS a shocker. IP Logged

Captain Nemo Gold Member Offline Australian Politics Posts: 14935 Melbourne Gender:	Re: Stock Market crashing !! Reply #128 - Mar 17^th, 2020 at 10:57am Well, that's a surprise ... our market is up today ... Then again, it is early in the trading day.
Back to top	The 2025 election WAS a shocker. IP Logged

Sir lastnail Gold Member Offline Australian Politics Posts: 30915 Gender:	Re: Stock Market crashing !! Reply #129 - Mar 17^th, 2020 at 11:07am Captain Nemo wrote on Mar 17^th, 2020 at 10:57am: Well, that's a surprise ... our market is up today ... Then again, it is early in the trading day. dow futures are up so the ASX has dodged a bullet today !
Back to top	"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995 IP Logged