Australian Politics Forum

Bias_2012 Gold Member Offline Australian Politics Posts: 10766 Gender:	Re: Market CRASH Reply #60 - Mar 14^th, 2023 at 9:46am We'll have a submarine led recovery
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freediver Gold Member Offline www.ozpolitic.com Posts: 53256 At my desk.	Re: Market CRASH Reply #61 - Mar 15^th, 2023 at 7:40am Boris wrote on Mar 14^th, 2023 at 8:22am: The financial meltdown has begun - with new bank failures every day Soon a Depression Then a War We must drink from the cup of suffering Will the market reach more record highs in the middle of this "depression"?
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Gordon Gold Member Offline Australian Politics Posts: 21878 Gordon Gender:	Re: Market CRASH Reply #62 - Mar 15^th, 2023 at 8:15am DJ up %1.
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Gordon Gold Member Offline Australian Politics Posts: 21878 Gordon Gender:	Re: Market CRASH Reply #63 - Mar 15^th, 2023 at 10:55am BHP up 1% so I dumped it. I reckon (hope) it will tank again tomorrow. $1500 off BHP in a week
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Jasin Gold Member Offline Posts: 56861 Gender:	Re: Market CRASH Reply #64 - Mar 15^th, 2023 at 2:05pm Mugged a junkie in an alleyway earlier today. I made $50 and tossed his phone and shoes three blocks away. It's not much, but it felt really really good.
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Gordon Gold Member Offline Australian Politics Posts: 21878 Gordon Gender:	Re: Market CRASH Reply #65 - Mar 15^th, 2023 at 3:07pm Jasin wrote on Mar 15^th, 2023 at 2:05pm: Mugged a junkie in an alleyway earlier today. I made $50 and tossed his phone and shoes three blocks away. It's not much, but it felt really really good. Did you check out his P/E first?
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Jasin Gold Member Offline Posts: 56861 Gender:	Re: Market CRASH Reply #66 - Mar 15^th, 2023 at 3:16pm P/E?
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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Market CRASH Reply #67 - Mar 16^th, 2023 at 10:29am Welcome to the Global Financial Crisis 2023
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Sophia

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Re: Market CRASH
Reply #68 - Mar 19^th, 2023 at 10:23pm

Bias_2012 wrote on Mar 14^th, 2023 at 9:46am:

We'll have a submarine led recovery

I’m a bit astonished that our govt says there will be 30,000 jobs as a result of these nuclear subs.
Where are 30,000 ppl coming from? A lot of businesses are understaffed …. Sign of the times…”position available, enquire within”

Are these 30,000 new workers all expertise with nuclear?

Anyway, I think Keating was astonished more about the whole deal!

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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

Milton Friedman

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Sophia

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Re: Market CRASH
Reply #69 - Mar 19^th, 2023 at 10:33pm

Boris wrote on Mar 16^th, 2023 at 10:29am:

Welcome to the Global Financial Crisis 2023

Those self funded retirees faced an earlier version of financial crisis and had to tighten purse strings with savings in bank that were getting sfa when interest was at .4% while the rest were galloping ahead borrowing and buying and living it up with historical low interest rates.
Now it’s doing an about face.
Interest rates are rising and some are doing better at 4% or more, on savings, while the others that had the enviable benefit of low 2% loans…. Now having to tighten their purse strings with each interest rate rise. Our redraw home loan account was always a bit high at 4.5% but now it’s 7%.
I’m not redrawing any money unless I really really have to!

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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

Milton Friedman

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Jovial Monk Gold Member Offline Dogs not cats! Posts: 51474 Gender:	Re: Market CRASH Reply #70 - Mar 20^th, 2023 at 6:46am Yeah. I have some money of Mum’s to invest for me and my two sisters. CBA pays low rates on term deposits tho. But I will invest some today—only short term, be better rates down the track no doubt.
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Sophia

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Re: Market CRASH
Reply #71 - Mar 20^th, 2023 at 8:45am

Jovial Monk wrote on Mar 20^th, 2023 at 6:46am:

Yeah.

I have some money of Mum’s to invest for me and my two sisters. CBA pays low rates on term deposits tho. But I will invest some today—only short term, be better rates down the track no doubt.

Speaking of investments… money in banks etc….. did most know…. Government not guaranteed for anything over $250K, not insured against bank loss …. Per account holder…. eg: if 2 people share an account of $600,000 then each account holder is insured at $250K each ($500K total) and $100,00 not safe.
Hence it’s recommended (like the old adage about not keeping all your eggs in one basket) to spread your money across different banks.

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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

Milton Friedman

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pjb05

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Re: Market CRASH
Reply #72 - Mar 20^th, 2023 at 9:50am

Sophia wrote on Mar 19^th, 2023 at 10:23pm:

Bias_2012 wrote on Mar 14^th, 2023 at 9:46am:

We'll have a submarine led recovery

I’m a bit astonished that our govt says there will be 30,000 jobs as a result of these nuclear subs.
Where are 30,000 ppl coming from? A lot of businesses are understaffed …. Sign of the times…”position available, enquire within”

Are these 30,000 new workers all expertise with nuclear?

Anyway, I think Keating was astonished more about the whole deal!

It won't happen all at once. There is plenty of time to train the workers. Also, 'skill shortages' is a sham. Employers bleat about it so the government will keep the immigration taps open so they can underpay workers and have more people to sell things to and get into debt.

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Jasin Gold Member Offline Posts: 56861 Gender:	Re: Market CRASH Reply #73 - Mar 20^th, 2023 at 8:44pm Some people can only get rich by making others poor. That's capitalism!
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Gordon Gold Member Offline Australian Politics Posts: 21878 Gordon Gender:	Re: Market CRASH Reply #74 - Apr 12^th, 2023 at 2:37pm 2000@ $45 on the 5th, out today at 47.11
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