Markets hitting key pride levels today on weekly charts . Are we about to go from BUY to Neutral ?

Select to expand quote

Gboots said..
Markets hitting key pride levels today on weekly charts . Are we about to go from BUY to Neutral ?

Money printing machine had a hiccups?
After committing half a trillion over next decade on few subs? There is interesting article in ABC describing how Australia lost world leader position in solar panels manufacturing
and all our ingenious inventions and technology was siphoned to China due to lack of government support.
Just a decade ago.
www.abc.net.au/news/science/2021-09-19/solar-panels-why-australia-stopped-making-them-china/100466342


Even if you manufactured here solar panels and give them away for free to our folks , utilizing this 100 bln,
the money will not be wasted completely.

Looks like the days correction started on market open...

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Pugwash said..
Looks like the days correction started on market open...

correction or rather new trend that follow iron ore prices...
from $350 diving to $100 and reaching $50 next year.
good times gone with the wind
but at least we managed to secure few fighter planes, subs and armored vehicles.
I wonder who give us loans to pay for all those now....


Looks like our mathematical genius found the way to pay for all this.
If we only rise prices of all our real estate another 10x we could become so rich
that we could buy the rest of the world.
I would like to see SoMo grades in arithmetic's in high school...

Select to expand quote

Macroscien said..

Pugwash said..
Looks like the days correction started on market open...

correction or rather new trend that follow iron ore prices...
from $350 diving to $100 and reaching $50 next year.
good times gone with the wind
but at least we managed to secure few fighter planes, subs and armored vehicles.
I wonder who give us loans to pay for all those now....


Looks like our mathematical genius found the way to pay for all this.
If we only rise prices of all our real estate another 10x we could become so rich
that we could buy the rest of the world.
I would like to see SoMo grades in arithmetic's in high school...

I always love the underlying pro China sentiment of your posts macro.

It's not quite as facepalmy as our current governments anti-China stance. perhaps they beat their drums as they know something? Let's hope not.

Select to expand quote

Pugwash said..

Macroscien said..

Pugwash said..
Looks like the days correction started on market open...

correction or rather new trend that follow iron ore prices...
from $350 diving to $100 and reaching $50 next year.
good times gone with the wind
but at least we managed to secure few fighter planes, subs and armored vehicles.
I wonder who give us loans to pay for all those now....


Looks like our mathematical genius found the way to pay for all this.
If we only rise prices of all our real estate another 10x we could become so rich
that we could buy the rest of the world.
I would like to see SoMo grades in arithmetic's in high school...

I always love the underlying pro China sentiment of your posts macro.

It's not quite as facepalmy as our current governments anti-China stance. perhaps they beat their drums as they know something? Let's hope not.

I am just stating a facts,
China was there ( for some times already)
Is there now
and possibly will be for some time to come.
We obviously could do what we do the best:
hide a head in the sand and China miraculously disappears.
Actually our recent strategy is to hide head under water, even worse because we are going to drown ourselves.

Yep, our strategy is clear. If we could cut export to China immediately completely to ZERO .
we could suffocate this country instantly.

Select to expand quote

Macroscien said..

Pugwash said..

Macroscien said..

Pugwash said..
Looks like the days correction started on market open...

correction or rather new trend that follow iron ore prices...
from $350 diving to $100 and reaching $50 next year.
good times gone with the wind
but at least we managed to secure few fighter planes, subs and armored vehicles.
I wonder who give us loans to pay for all those now....


Looks like our mathematical genius found the way to pay for all this.
If we only rise prices of all our real estate another 10x we could become so rich
that we could buy the rest of the world.
I would like to see SoMo grades in arithmetic's in high school...

I always love the underlying pro China sentiment of your posts macro.

It's not quite as facepalmy as our current governments anti-China stance. perhaps they beat their drums as they know something? Let's hope not.

I am just stating a facts,
China was there ( for some times already)
Is there now
and possibly will be for some time to come.
We obviously could do what we do the best:
hide a head in the sand and China miraculously disappears.
Actually our recent strategy is to hide head under water, even worse because we are going to drown ourselves.

Yep, our strategy is clear. If we could cut export to China immediately completely to ZERO .
we could suffocate this country instantly.

The proportion of our exports to China seems known to our government, but the tactics for managing that relationship (and any other foreign relationship) seems lost on them.

The proportion of our export versus import relationship with China certainly isn't lost on them. They are well aware that we sell more than we buy. a position they do not like. at all.

Select to expand quote

Pugwash said..

Macroscien said..

Pugwash said..

Macroscien said..

Pugwash said..
Looks like the days correction started on market open...

correction or rather new trend that follow iron ore prices...
from $350 diving to $100 and reaching $50 next year.
good times gone with the wind
but at least we managed to secure few fighter planes, subs and armored vehicles.
I wonder who give us loans to pay for all those now....


Looks like our mathematical genius found the way to pay for all this.
If we only rise prices of all our real estate another 10x we could become so rich
that we could buy the rest of the world.
I would like to see SoMo grades in arithmetic's in high school...

I always love the underlying pro China sentiment of your posts macro.

It's not quite as facepalmy as our current governments anti-China stance. perhaps they beat their drums as they know something? Let's hope not.

I am just stating a facts,
China was there ( for some times already)
Is there now
and possibly will be for some time to come.
We obviously could do what we do the best:
hide a head in the sand and China miraculously disappears.
Actually our recent strategy is to hide head under water, even worse because we are going to drown ourselves.

Yep, our strategy is clear. If we could cut export to China immediately completely to ZERO .
we could suffocate this country instantly.

The proportion of our exports to China seems known to our government, but the tactics for managing that relationship (and any other foreign relationship) seems lost on them.

The proportion of our export versus import relationship with China certainly isn't lost on them. They are well aware that we sell more than we buy. a position they do not like. at all.

you are possibly right,
they are not happy because they did expect to buy those submarines from them
to clear the balance of trade
Follow the reasoning path , we should also order multiple nuclear warheads from them and
ask them to keep at their storage across the country, send us only remote control detonation buttons.

Select to expand quote

Macroscien said..

Pugwash said..

Macroscien said..

Pugwash said..

Macroscien said..

Pugwash said..
Looks like the days correction started on market open...

correction or rather new trend that follow iron ore prices...
from $350 diving to $100 and reaching $50 next year.
good times gone with the wind
but at least we managed to secure few fighter planes, subs and armored vehicles.
I wonder who give us loans to pay for all those now....


Looks like our mathematical genius found the way to pay for all this.
If we only rise prices of all our real estate another 10x we could become so rich
that we could buy the rest of the world.
I would like to see SoMo grades in arithmetic's in high school...

I always love the underlying pro China sentiment of your posts macro.

It's not quite as facepalmy as our current governments anti-China stance. perhaps they beat their drums as they know something? Let's hope not.

I am just stating a facts,
China was there ( for some times already)
Is there now
and possibly will be for some time to come.
We obviously could do what we do the best:
hide a head in the sand and China miraculously disappears.
Actually our recent strategy is to hide head under water, even worse because we are going to drown ourselves.

Yep, our strategy is clear. If we could cut export to China immediately completely to ZERO .
we could suffocate this country instantly.

The proportion of our exports to China seems known to our government, but the tactics for managing that relationship (and any other foreign relationship) seems lost on them.

The proportion of our export versus import relationship with China certainly isn't lost on them. They are well aware that we sell more than we buy. a position they do not like. at all.

you are possibly right,
they are not happy because they did expect to buy those submarines from them
to clear the balance of trade
Follow the reasoning path , we should also order multiple nuclear warheads from them and
ask them to keep at their storage across the country, send us only remote control detonation buttons.

Oh dear... I prefer no big red novelty buttons thanks...

I'm curious of the near $15B in added value from our exports to China's imports? South China Sea access charges?

Imports to Aus from China, ~$60B... this is very upsetting... we need to right our wrongs here

Select to expand quote

Pugwash said..

Macroscien said..

Pugwash said..

Macroscien said..

Pugwash said..

Macroscien said..

Pugwash said..
Looks like the days correction started on market open...

correction or rather new trend that follow iron ore prices...
from $350 diving to $100 and reaching $50 next year.
good times gone with the wind
but at least we managed to secure few fighter planes, subs and armored vehicles.
I wonder who give us loans to pay for all those now....


Looks like our mathematical genius found the way to pay for all this.
If we only rise prices of all our real estate another 10x we could become so rich
that we could buy the rest of the world.
I would like to see SoMo grades in arithmetic's in high school...

I always love the underlying pro China sentiment of your posts macro.

It's not quite as facepalmy as our current governments anti-China stance. perhaps they beat their drums as they know something? Let's hope not.

I am just stating a facts,
China was there ( for some times already)
Is there now
and possibly will be for some time to come.
We obviously could do what we do the best:
hide a head in the sand and China miraculously disappears.
Actually our recent strategy is to hide head under water, even worse because we are going to drown ourselves.

Yep, our strategy is clear. If we could cut export to China immediately completely to ZERO .
we could suffocate this country instantly.

The proportion of our exports to China seems known to our government, but the tactics for managing that relationship (and any other foreign relationship) seems lost on them.

The proportion of our export versus import relationship with China certainly isn't lost on them. They are well aware that we sell more than we buy. a position they do not like. at all.

you are possibly right,
they are not happy because they did expect to buy those submarines from them
to clear the balance of trade
Follow the reasoning path , we should also order multiple nuclear warheads from them and
ask them to keep at their storage across the country, send us only remote control detonation buttons.

Oh dear... I prefer no big red novelty buttons thanks...

I'm curious of the near $15B in added value from our exports to China's imports? South China Sea access charges?

Imports to Aus from China, ~$60B... this is very upsetting... we need to right our wrongs here

But what is very interesting already:
We managed to eliminate another mortal enemy from our maps completely. Russia in nowhere to see on our balance sheets.
Which is good, because sending our subs to arctic ice sheet could be very unpleasant.
Very cold there I was told, water is - 70 Celsius cold

But things could change in the minute.
We could be called to defend our brothers in linguae, ensure freedom of navigation under artic pole ice sheet and
protect endangered penguins living there but tyrannized by Red Country.

This penguin was fed Russian vodka, and now have difficulty to find way home,
to his unborn yet from eggs babies.
We should protest strongly abuse of penguins , apply sanctions ! ( although a bit difficult since we have zero trade balance exchange)

Money printing machine under complete control

m.facebook.com/story.php?story_fbid=136077071994530&id=1048270117&sfnsn=scwspwa

Select to expand quote

japie said..
Money printing machine under complete control

m.facebook.com/story.php?story_fbid=136077071994530&id=1048270117&sfnsn=scwspwa

Under control?
Don't you mean out of control ?

the dots to join are printing money which leads to inflation which leads to increased interest rates which leads to share market crash..

Govt has painted itself into a corner with no more "tweaks" to get out of trouble.

China has "printed money" or lets be more accurate here - created money through debt (borrowing from the future) os well, on a scale that even dwarfs America. Every country is in the same predicament as us. Move over Fiat currency soon and say hello to digital currency. Gonna be a rough transition this time around.

Maybe we are teetering on the edge again. Printing money willy nilly does not fix anything.

www.abc.net.au/news/2021-09-21/china-property-bust-evergrande/100472190

Select to expand quote

eppo said..
China has "printed money" or lets be more accurate here - created money through debt (borrowing from the future) os well, on a scale that even dwarfs America. Every country is in the same predicament as us. Move over Fiat currency soon and say hello to digital currency. Gonna be a rough transition this time around.

The only question is what you do with printed money.
If you build infrastructure , hydro dams, roads, railroads, power plants and homes- all those will stay.
If you spend those to inflate everything in existence - real estate , crypto and arts or exactly military spending - that a difference.
Chinese plans to start circulating their currency internationally in order to replace dollar.
In such case amount of printed yuans may not be enough.
It will be hard call for Australia if one day they offer to buy our coal again but pay us Yuans only....
buy shrimps and wool, avocados and beef but ... are we going to refuse for another political reason?
Since we could exchange those digi yuans on imported goods instantly?


www.db.com/news/detail/20210714-digital-yuan-what-is-it-and-how-does-it-work?language_id=1

if there is any war between China and the rest of the world - that is economic one.
We are loosing on this war by quickly indebting whole country - and those massive millatry spending are possibly the greatest sin.

Select to expand quote

eppo said..
China has "printed money" or lets be more accurate here - created money through debt (borrowing from the future) os well, on a scale that even dwarfs America. Every country is in the same predicament as us. Move over Fiat currency soon and say hello to digital currency. Gonna be a rough transition this time around.

What is it that you see as the difference between existing currency and digital currency?

The way I see it its both right now. There is more money in supply than there is physical currency, so it is partially digital already.

Whether its literally printing more notes or digitally transferring amounts to other companies, its still creating money. The same rules will apply that the RBA have to follow.

Compliments of Japie.



basically banks only have control of wholesale money supply not the retail circulation.
digital will mean complete control of retail as well. Meaning you might go to buy something and someone somewhere could decide you can or cannot. Then scale this to bigger expenditure by both businesses and countries.

it also means they can control credit supply and contraction overall - much faster than pulling on the interest rate lever

And yeh the dollar is nearing its last days as the international currency of exchange for sure. Its no longer the safe haven it once was.

if you don't think there is a real estate crash in China then tell me what this is.

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cisco said..
if you don't think there is a real estate crash in China then tell me what this is.

It is not what you think.
That was fleet of the Chinese stealth jets fighters that accidentally bumped into buildings.
Real Stealth so you could not see them on video.
Most likely hickjacked by CIA electronically.

Select to expand quote

cisco said..
if you don't think there is a real estate crash in China then tell me what this is.

It's an opportunity to buy the dip

Select to expand quote

KiteboyDave said..

cisco said..
if you don't think there is a real estate crash in China then tell me what this is.

It's an opportunity to buy the dip

Wow, would ya look at that. 14 identical buildings, demolished by the same non-exploding nano-explosives yet,..... they all fall differently.

Some into their own footprint, some topple like trees, some do combinations, one even doesn't completely collapse, but the others around it do.

It is almost as if catastrophic collapse of a large structure is practically impossible to accurately model. Doesn't matter how good your architectural software is, there's an infinite number of variables that make the whole thing chaotic.

Only thing for sure is that once all structural redundancy is removed then something bad happens. Exactly what, nobody can predict, but it happens.....


whoooooa, I just got that weird feeling of deja-vu.

also, just asking for a friend ... does anyone know if any Saudi's or Jews had breakfast in any of those buildings ?......

Select to expand quote

Carantoc said..

KiteboyDave said..

cisco said..
if you don't think there is a real estate crash in China then tell me what this is.

It's an opportunity to buy the dip

Wow, would ya look at that. 14 identical buildings, demolished by the same non-exploding nano-explosives yet,..... they all fall differently.

Some into their own footprint, some topple like trees, some do combinations, one even doesn't completely collapse, but the others around it do.

It is almost as if catastrophic collapse of a large structure is practically impossible to accurately model. Doesn't matter how good your architectural software is, there's an infinite number of variables that make the whole thing chaotic.

Only thing for sure is that once all structural redundancy is removed then something bad happens. Exactly what, nobody can predict, but it happens.....


whoooooa, I just got that weird feeling of deja-vu.

also, just asking for a friend ... does anyone know if any Saudi's or Jews had breakfast in any of those buildings ?......

You got that wrong. Clearly it was an example showing that its both impossible and possible at the same time to bring down a skyscraper. Everyone wins this way. Alternatively, they outsourced the one that didn't fall to a western capitalistic country and they just told them it would fall, and the others were done by a communist (not corrupted by westerners) department.

When they examine the wreckage of the ones that fell, they will find evidence of iron and aluminium, i.e. thermite. When they look at the non wreckage of the one that didn't fall, they will not find thermite. I.e. it was all a conspiracy!

It is not about buildings crashing. It is economies crashing.

Once again China screws the world over. China is a cancer that should be cut out, irradiated and chemically destroyed.

www.abc.net.au/news/2021-09-22/evergrande-collapse-could-be-very-bad-news-for-australia/100480268

Select to expand quote

Macroscien said..
That was fleet of the Chinese stealth jets fighters that accidentally bumped into buildings

..so secret info exists that proves they were brought down by planes alone ?

mmmm, interesting.......

Select to expand quote

cisco said..
It is not about buildings crashing. It is economies crashing.

Once again China screws the world over. China is a cancer that should be cut out, irradiated and chemically destroyed.

www.abc.net.au/news/2021-09-22/evergrande-collapse-could-be-very-bad-news-for-australia/100480268

Yep, Communist economy is crashing like house of cards.
Likely our economy and budget is stronger then ever.
Our real estate gain value every day- Chinese could be jealous to see how good we are doing in this difficult times.
They even now announced to stop building any coal powered plants anywhere in the world.
Good for us. We could have now all our coal for ourselves.
One may think that Chinese try to stop global warming/ climate change but smart observer may
rather see this move as targeted against our economy- as coal exporter that will have no place to send our black gold.
If they also stop construction there will be no need for our iron ore too.
Good news because more for us to build rail roads and wind turbine towers.
We dont need their 100 bln every year.
Australia has a plenty of space to catch up with the rest of the world.







On this list you hardly could see Australia, because with 24% we are still at very end of the list.

tradingeconomics.com/country-list/government-debt-to-gdp

Time to wake up and catch up !

Luckily definition of the Country do not absorb people living there.
Because people living in this lucky country could be shown to be poorest/ most indebted on the planet.

Select to expand quote

cisco said..
It is not about buildings crashing. It is economies crashing.

Once again China screws the world over. China is a cancer that should be cut out, irradiated and chemically destroyed.

www.abc.net.au/news/2021-09-22/evergrande-collapse-could-be-very-bad-news-for-australia/100480268

If only we didn't rely on them for all our cheap goods and selling them dirt!

Its not like the USA had a global melt down with the GFC or anything

Sadly, its a normal part of economies. Which is why there should be rules in place to stop people over extending themselves.

Select to expand quote

FormulaNova said..

cisco said..
It is not about buildings crashing. It is economies crashing.

Once again China screws the world over. China is a cancer that should be cut out, irradiated and chemically destroyed.

www.abc.net.au/news/2021-09-22/evergrande-collapse-could-be-very-bad-news-for-australia/100480268

If only we didn't rely on them for all our cheap goods and selling them dirt!

Its not like the USA had a global melt down with the GFC or anything

Sadly, its a normal part of economies. Which is why there should be rules in place to stop people over extending themselves.

Yep, China has 65 mln empty apartments waiting for people !
That even more then living spaces under all bridges in USA !


abc7chicago.com/del-rio-migrant-bridge-border-crisis-thousands-of-migrants-at-the-us-security/11026953/

Select to expand quote

eppo said..
Compliments of Japie.

basically banks only have control of wholesale money supply not the retail circulation.
digital will mean complete control of retail as well. Meaning you might go to buy something and someone somewhere could decide you can or cannot. Then scale this to bigger expenditure by both businesses and countries.

it also means they can control credit supply and contraction overall - much faster than pulling on the interest rate lever

And yeh the dollar is nearing its last days as the international currency of exchange for sure. Its no longer the safe haven it once was.

Was just going to post that!

Vilification of China is designed to distract you from this which is the far bigger danger:

www.facebook.com/bradcusworth/videos/136077071994530/

Select to expand quote

Macroscien said..

cisco said..
It is not about buildings crashing. It is economies crashing.

Once again China screws the world over. China is a cancer that should be cut out, irradiated and chemically destroyed.

www.abc.net.au/news/2021-09-22/evergrande-collapse-could-be-very-bad-news-for-australia/100480268

Yep, Communist economy is crashing like house of cards.
Likely our economy and budget is stronger then ever.
Our real estate gain value every day- Chinese could be jealous to see how good we are doing in this difficult times.
They even now announced to stop building any coal powered plants anywhere in the world.
Good for us. We could have now all our coal for ourselves.
One may think that Chinese try to stop global warming/ climate change but smart observer may
rather see this move as targeted against our economy- as coal exporter that will have no place to send our black gold.
If they also stop construction there will be no need for our iron ore too.
Good news because more for us to build rail roads and wind turbine towers.
We dont need their 100 bln every year.
Australia has a plenty of space to catch up with the rest of the world.







On this list you hardly could see Australia, because with 24% we are still at very end of the list.

tradingeconomics.com/country-list/government-debt-to-gdp

Time to wake up and catch up !

Luckily definition of the Country do not absorb people living there.
Because people living in this lucky country could be shown to be poorest/ most indebted on the planet.

Do you feel poor?

Select to expand quote

Pugwash said..

Macroscien said..

cisco said..
It is not about buildings crashing. It is economies crashing.

Once again China screws the world over. China is a cancer that should be cut out, irradiated and chemically destroyed.

www.abc.net.au/news/2021-09-22/evergrande-collapse-could-be-very-bad-news-for-australia/100480268

Yep, Communist economy is crashing like house of cards.
Likely our economy and budget is stronger then ever.
Our real estate gain value every day- Chinese could be jealous to see how good we are doing in this difficult times.
They even now announced to stop building any coal powered plants anywhere in the world.
Good for us. We could have now all our coal for ourselves.
One may think that Chinese try to stop global warming/ climate change but smart observer may
rather see this move as targeted against our economy- as coal exporter that will have no place to send our black gold.
If they also stop construction there will be no need for our iron ore too.
Good news because more for us to build rail roads and wind turbine towers.
We dont need their 100 bln every year.
Australia has a plenty of space to catch up with the rest of the world.







On this list you hardly could see Australia, because with 24% we are still at very end of the list.

tradingeconomics.com/country-list/government-debt-to-gdp

Time to wake up and catch up !

Luckily definition of the Country do not absorb people living there.
Because people living in this lucky country could be shown to be poorest/ most indebted on the planet.

Do you feel poor?

yep, definitely.
I declared myself the poorest man on the planet !
my newest sail is 3 years old as secondhand and have more duck tape on it then original material
boards are fixed and returned to life from impossible to repair destruction : box fin pop up, another board broke in half now still serve as one piece slalom doing foiling job/
If you find poorest windsurfer in down under let know and I may feel better.
Beside that my funds for research and invention is zero. Sounds good for me because at least don't own debt on intellectual property rights.
Not exactly your favorite foiling board to compete with PWA Goyard

Select to expand quote

Macroscien said..

Pugwash said..

Macroscien said..

cisco said..
It is not about buildings crashing. It is economies crashing.

Once again China screws the world over. China is a cancer that should be cut out, irradiated and chemically destroyed.

www.abc.net.au/news/2021-09-22/evergrande-collapse-could-be-very-bad-news-for-australia/100480268

Yep, Communist economy is crashing like house of cards.
Likely our economy and budget is stronger then ever.
Our real estate gain value every day- Chinese could be jealous to see how good we are doing in this difficult times.
They even now announced to stop building any coal powered plants anywhere in the world.
Good for us. We could have now all our coal for ourselves.
One may think that Chinese try to stop global warming/ climate change but smart observer may
rather see this move as targeted against our economy- as coal exporter that will have no place to send our black gold.
If they also stop construction there will be no need for our iron ore too.
Good news because more for us to build rail roads and wind turbine towers.
We dont need their 100 bln every year.
Australia has a plenty of space to catch up with the rest of the world.







On this list you hardly could see Australia, because with 24% we are still at very end of the list.

tradingeconomics.com/country-list/government-debt-to-gdp

Time to wake up and catch up !

Luckily definition of the Country do not absorb people living there.
Because people living in this lucky country could be shown to be poorest/ most indebted on the planet.

Do you feel poor?

yep, definitely.
I declared myself the poorest man on the planet !
my newest sail is 3 years old as secondhand and have more duck tape on it then original material
boards are fixed and returned to life from impossible to repair destruction : box fin pop up, another board broke in half now still serve as one piece slalom doing foiling job/
If you find poorest windsurfer in down under let know and I may feel better.
Beside that my funds for research and invention is zero. Sounds good for me because at least don't own debt on intellectual property rights.

Windsurfing is a sport where you are either too poor to afford the gear you want, or work too much to use all the gear you bought