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Markets Live: Five years since GFC lows

Date

Patrick Commins, Jens Meyer

Shares post modest rises on the back of gains on Wall Street, but investors tiptoe cautiously amid the backdrop of tensions in Ukraine and ahead of a crucial US jobs report.

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  • another bad months for the shorters , love it!

    Commenter
    shorter stalker
    Date and time
    March 07, 2014, 4:47PM
    • Oh Mermaid Marine (MRM), you going for a comeback today? Keep up the good work! hehehe

      Commenter
      GS
      Date and time
      March 07, 2014, 4:26PM
      • RE 4:10pm: Eastern Iron

        Moving the market cap $800k by spending $1800 lol

        Commenter
        GS
        Date and time
        March 07, 2014, 4:25PM
        • "LEI" i love you, but please explain

          Commenter
          EF
          Location
          Syd
          Date and time
          March 07, 2014, 4:11PM
          • http://www.zerohedge.com/news/2014-03-06/china-credit-markets-tumble-most-3-months-default-spooks-lenders-deals-pulled

            Game On?

            Commenter
            Bye Bye Fiat Money
            Date and time
            March 07, 2014, 3:52PM
            • Ok... sold half of LEI @ 20.72 ... couldnt resist !! Lets see if I avg. it higher or lower :)

              Commenter
              Clueless
              Location
              Wonderland
              Date and time
              March 07, 2014, 3:34PM
              • wow... LEI going gangbusters... broke through $21 !! Good didnt sell all of them...

                Commenter
                Clueless
                Location
                Wonderland
                Date and time
                March 07, 2014, 3:47PM
              • I smell a takeover coming for LEI from ACS via Hochtief in 2014. Giddy up!

                Commenter
                What's cooking
                Date and time
                March 07, 2014, 4:00PM
            • My LNG Ltd shares are making my look like an investing genius at he moment @ 0.425.

              Any views on this share? Acording to them the "plant efficiency is 30% better and our capital cost half that of others".

              Commenter
              LNG Kaboom
              Location
              Brisbane
              Date and time
              March 07, 2014, 3:16PM
              • RE 11:39AM: Bitcoin Satoshi Nakamoto

                He's playing it cool like a bank robber pretending to be poor and living in a modest house. Imagine the dosh this guy is sitting on when these things were worth absolutely NOTHING in 2009.

                Now that he's been found, the IRS are gonna come knocking soon!

                Commenter
                GS
                Date and time
                March 07, 2014, 3:09PM
                • It's not just manufacturing flattened by a high $A. It's a well known phenomenon called Dutch Disease.

                  Consider agricultural products, software and It services, financial services, any services exported that aren't manufacturing.

                  All of these areas are import competing even if they don't export or manufacture.

                  Read more: http://www.smh.com.au/business/markets-live/markets-live-five-years-since-gfc-lows-20140307-34ayk.html#ixzz2vFKFONE1

                  Commenter
                  Allan
                  Location
                  Prahran
                  Date and time
                  March 07, 2014, 3:05PM
                  • Some quick maths, Australian Gov spending for fy13/14 will be 400 billion, 23 million people, that $17,500 per person... I will pay multiples of this in tax....who is being subsidised?

                    Commenter
                    Wwwish Lion
                    Location
                    Moes Bar - its Friday
                    Date and time
                    March 07, 2014, 2:48PM
                    • Uh? Children up to the age of 18 pretty much. The elderly, etc.

                      Commenter
                      Dr No
                      Location
                      Sydney
                      Date and time
                      March 07, 2014, 3:23PM
                    • ...who are subsidised?
                      The politicians for one. They get over $195,000 each.

                      Commenter
                      Learner
                      Location
                      Melbourne
                      Date and time
                      March 07, 2014, 3:26PM
                    • Children? Elderly? Sick?

                      Commenter
                      Allan
                      Location
                      Prahran
                      Date and time
                      March 07, 2014, 3:26PM
                    • It should be obvious. You are subsidising every child who pays no tax, the aged, the university student, the stay-at-home Mums, or Dads and the Tony Abbott army of the unemployed. All of those contribute to the economy in their own way even if they don't pay tax. Then don't forget that taxes on corporate Australia will collect up to $100bn in one form or another so the actual per capita amount is only $13,000. If you are paying many times that then don't stop, we need you.

                      Commenter
                      mitch of ACT
                      Date and time
                      March 07, 2014, 3:29PM
                    • @mitch, can i have my tax back and you pay for your own spawning activities? and I think we should nationalise and resell all property owned by anyone on benefits over a certain duration of time...lets get nasty, im tired of being toild i dont pay enough tax while footing the bill for others.

                      Commenter
                      Wwwish Lion
                      Location
                      Moes Bar - its Friday
                      Date and time
                      March 07, 2014, 3:46PM
                    • High flying bank executives on $180K aren't what they used to be.

                      Commenter
                      Allan
                      Location
                      Prahran
                      Date and time
                      March 07, 2014, 3:52PM
                    • Actually this subject has been of great interest to me. It's late today, but I think I might see if I can find the time to discuss it in more depth on Monday or another time. Did you guys know that the only people who actually pay more in income tax than they receive in social security in cash and kind are 'the rich' (defined as the top 20% of income earners?). The next 20% of income earners almost pull their own weight (but not quite), but 'the rich' carry the lowest 60% on their backs. Truly the lowest 60% are incredibly fortunate to live in the far left socialist welfare state that is Australia, with 'the rich' as their slaves. Incredibly fortunate and incredibly ungrateful and spoilt and demanding (don't you agree Mitch?).

                      Commenter
                      player1
                      Date and time
                      March 07, 2014, 4:26PM
                    • Sorry i am 65 i may take some of it sorry

                      Commenter
                      EF
                      Location
                      Syd
                      Date and time
                      March 07, 2014, 4:54PM
                    • It sound like player1 is in envy of the poor. Perhaps he'd like to sell his shares in FLT, pay the CGT on that sale, give the money to charity then go live in a Housing Commission flat so that he can be as lucky as they are, or perhaps not.

                      Commenter
                      mitch of ACT
                      Date and time
                      March 07, 2014, 4:58PM
                  • "China is concerned about the restrictions imposed on its state-owned enterprises, as well as the movement of labour into Australia"

                    So basically - let us buy up your country, and let us flood you with cheap labour, and in return we will let you sign a deal that will wreck your economy.

                    What a joke. I don't blame the Chinese, they are just doing what's good for them. It's a pity we are led by spineless imbeciles who would never do the same.

                    I shudder to think where Australia will be in 20 years.

                    Commenter
                    Fred
                    Date and time
                    March 07, 2014, 2:42PM
                    • We are already selling assets to China and on top of this we will have free trade agreement. Pollies will kill whatever is remaining of manufacturing in next few years. Imagine what Australia will look like in next five years. The only people to blame for this will be insane pollies and selfish businesses. China is taking over this country by stealth and then we will have Australia that will be subservient to Beijing. We will not have to bother about becoming a republic as Beijing will rule us and PLA will protect our borders as their own territory.

                      Commenter
                      xyz
                      Date and time
                      March 07, 2014, 3:32PM
                  • Quotes from Mitch "A good place to start would be by cutting business welfare."

                    and
                    "It may be cheaper to provide assistance to manufacturing to employ those people and collect taxes on their wages and business profits than to spend taxpayers' money on welfare benefits."

                    Which side of the fence are you on mitch? Or are you sitting on the fence?

                    Commenter
                    David
                    Location
                    Sydney
                    Date and time
                    March 07, 2014, 2:40PM
                    • Nothing contradictory in what I said. Business welfare that ends up in the pockets of the super-rich must go. It serves no useful purpose but to make the rich, richer. Business welfare that is used to foster local employment isn't welfare but stimulus payments to achieve a gov't objective of full employment. The extra taxes on wages and profits that stimulus provides helps to pay for the stimulus.

                      Commenter
                      mitch of ACT
                      Date and time
                      March 07, 2014, 3:17PM
                  • A Free Trade Agreement with China... probably the only move that could rival the Trans Pacific Partnership in terms of stupidity...

                    How can any sane person think that a free trade agreement with a country where it is cheaper to produce ANYTHING can be good for Australia???

                    The free market extremists (both Liberal and Labor) who 'govern' (sell) this country should be charged with treason.

                    Commenter
                    Fred
                    Date and time
                    March 07, 2014, 2:35PM
                    • "But Mr Gao said the same sticking points which have dragged negotiations out for nine years largely persist.

                      "Australia wants free access for its agricultural exports, while China is concerned about the restrictions imposed on its state-owned enterprises, as well as the movement of labour into Australia."

                      just in case you missed it the first time:

                      "....while China is concerned about the restrictions imposed on its state-owned enterprises, as well as the movement of labour into Australia."

                      LOL This is what Gina is really on about.

                      Commenter
                      China's end game for Australia
                      Location
                      What Gina is really on about
                      Date and time
                      March 07, 2014, 2:58PM
                    • KIEV 2.0?

                      Commenter
                      Ryan
                      Date and time
                      March 07, 2014, 3:04PM
                    • chicken kiev for dinner?

                      Commenter
                      Wwwish Lion
                      Location
                      Moes Bar - its Friday
                      Date and time
                      March 07, 2014, 3:15PM
                  • Will gold get to $1400 or $1300 first? Currently right in the middle at $1350

                    Commenter
                    Gold Balls
                    Date and time
                    March 07, 2014, 2:32PM
                      • $1400

                        Commenter
                        Fred
                        Date and time
                        March 07, 2014, 2:46PM
                      • My money is on US$1400 - by the end of April. No real basis for this 'prediction' other than the current trend/chart would seem to indicate this. But charting is only an exact science in retrospect. My gold miner of choice BDR is profitable even at prices <US$1000 per ounce. Not that that has helped the SP lately!

                        Commenter
                        Yin or yang
                        Date and time
                        March 07, 2014, 2:54PM
                      • your the expert what do you think?

                        Commenter
                        repman
                        Location
                        Dorrigo NSW
                        Date and time
                        March 07, 2014, 3:09PM
                      • @Yin or yang, your stock is a trade of choice for the shorters which will be good for you as they will have to do some serious covering soon. Tempted to jump in at .775, but might just wait till next week. Good luck to you, hope you make heaps

                        ps - note that next in line to sell is 179,000 at .78.

                        Commenter
                        The Fireman
                        Location
                        NSW
                        Date and time
                        March 07, 2014, 3:22PM
                      • If you are bullish 'gold' then need to be 'bearish' equities & overall sentiment in general so think about what you wishhhh !!

                        Commenter
                        Clueless
                        Location
                        Wonderland
                        Date and time
                        March 07, 2014, 3:43PM
                      • $US1400 - no brainer!

                        Commenter
                        Gold Balls
                        Date and time
                        March 07, 2014, 3:48PM
                    • I am incredibly cynical on the benefits of free trade particularly when false figures such as teh following in todays article:

                      "New Zealand, which has seen its two-way trade with China spike four-fold since clinching a free trade deal almost six years ago"

                      Well you can look and look and look but I can find nowhere in the NZ Infoshare stats anything like this increase..

                      Also if you have nothing to do while watching the grass grwo go to the DFAT site on China Free Trade. No info at all except submissions by 70 or so industry reps. Read a few and all they are is statistical stuff and platitudes about free trade.

                      Hello...hello is anybody out there listening about Australias negotiations and how a small country such as ours can fairly. negotiate with China and the USA.

                      Commenter
                      Harry Rogers
                      Date and time
                      March 07, 2014, 2:06PM
                      • no one mention the BOQ

                        Commenter
                        wayne
                        Location
                        king
                        Date and time
                        March 07, 2014, 2:04PM
                        • Give us a break Mitch, the current federal government can hardly be blamed for the departure of Toyota, Holden and Ford, not 5 months into their term before Fords announcement. Mate this has been brewing for decades. Do us all a favor mate and give the Lib bashing a rest old fella.

                          Commenter
                          The Farmer
                          Location
                          Mudgee
                          Date and time
                          March 07, 2014, 1:50PM
                          • @TF. That's like asking the wind not to blow. The LNP could have helped out the auto mob and saved 100,000 jobs. They chose not to do so. My guess is that they want to build up a massive pool of unemployed in order to attack wages as quickly as possible.

                            Commenter
                            Bullrun
                            Date and time
                            March 07, 2014, 1:56PM
                          • What, and let them get away with the destruction of living standards for the ordinary Australian worker. You have to be joking. Just because the Libs consider farmers a special type of Australian doesn't mean that you should not be alarmed as well. It's the tax on workers' wages that helps to pay for drought relief.

                            Commenter
                            mitch of ACT
                            Date and time
                            March 07, 2014, 2:00PM
                          • Farmer, this government is at least as useless as the last. In opposition they banged on about debt and waste every single day, but our debt has increased every single day that this mob has been in power.

                            Abbott talked about creating a million jobs in 5 years (at current immigration levels our population will increase by MORE than a million in that time, so even his 'ambition' is a net loss) yet all we have seen is jobs and industries moving overseas.

                            Commenter
                            Fred
                            Date and time
                            March 07, 2014, 2:10PM
                        • EWC....what a monumental disappointment!
                          What is it with this stock? Talk about range bound!
                          On the other hand, Strike Energy going well....up 7.69%! This train is leaving the station!

                          Commenter
                          Ox
                          Location
                          Kensi Pk
                          Date and time
                          March 07, 2014, 1:41PM
                          • Www - why is it speculation at best.
                            Australia - had no recession - that is fact not speculation.

                            As for pink batts - A bloody good idea. Building standards in Australia are pathetic. It should be a minimum requirement to have a lagged roof space. That it was executed badly by the 'I wanna piece' trash that would sacrifice lives for money, is not the blame of the policy.

                            School Building - not a failure, we have lots of new school buildings. Wasn't that the objective. If so, surely it was achieved.

                            Cash hand outs. We got on. Was $900 and went on a dish washer for our kitchen. Actually cost us around 2.5K by the time we'd had our kitchen remodelled to fit it (none standard size cabinets) so we infact spent a further $1,600 on work mens services to get done. Surely a stimulatory success!

                            The NDIS hasn't started yet. I know this because my missus is going to begin working soon for one of the outsourced providers. It's objective is to provide targetted resources tailoured to an individuals needs. I believe the policy was by-partisan too. Not so much a failure there either.

                            But, hey, don't let the truth cloud your idiology.

                            Commenter
                            Joe the POM
                            Location
                            Geelong
                            Date and time
                            March 07, 2014, 1:35PM
                            • Thanks Joe, I'm getting tired of pointing out the bleeding obvious to those who will not listen. Of course they swallowed everything the Libs said, and now look at how many jobs have disappeared, with many more to go, as a result. How much will the welfare benefits to be paid to those people and the loss of the taxes on their wages, spending and business profits add to the deficit. Is that why the $half-trillion man abolished the debt limit.

                              Commenter
                              mitch of ACT
                              Date and time
                              March 07, 2014, 1:51PM
                            • So Joe you actually believe that we the taxpayers should've funded your dishwasher? wow!. The building revolution built buildings the school didn't necessarily need, Which really shouldn't have come ahead of much needed maintenance. Regardless of who's responsibility it is, the federal government was giving this money away to stimulate the economy, I'm certain the handy men out there would've appreciated getting a slice of the pie. The schools that needed the buildings could've chosen to have them, the others could've brought their school to a liveable standard. As for the pink batts, again, why should the taxpayers pay for people's insulation. The reason it failed by the way is because as usual for the rudd/gillard/rudd government the program was rushed though, and this left the government trying to catch up with dotting the Is and crossing the Ts, unfortunately though this never happened, more wasted money.

                              Commenter
                              now I know how to get a dishwasher, hmmmmm why didn't I think of that before!
                              Date and time
                              March 07, 2014, 1:54PM
                            • Well Joe its nice to know you got $900 of my tax money, i wish they were nice enough to give me that much...i guess i just pay the bills.
                              Ps Hope your wife likes my tax money at her job too.

                              Commenter
                              Wwwish Lion
                              Location
                              Melbourne
                              Date and time
                              March 07, 2014, 2:01PM
                            • @Joe the Pom : the fact that all these schemes were rorted indicates the flaw in the management and execution of these very expensive and ultimately wasteful schemes. Just because you spent a bit more money when you spent the $900 doesn't mean that everybody did. A lot of that money ended up in Pokie machines and bottle stores. The pink Batts was a good idea, but no processes were put in place to ensure the money was properly spent. Yes, we have some new school buildings - exorbitant amounts spent on toilet blocks and halls, not classrooms. Again, failure to manage. Throwing money around and squandering it. No long term gain and a lot of unanswered questions about whose mates benefited the most....

                              Commenter
                              confused
                              Location
                              syd
                              Date and time
                              March 07, 2014, 2:22PM
                            • The speculation is whether Australia would have gone into a recession or not with out the Labour Governments miss managed spending.
                              Pink batts - failure, dollars and lives down the drain.
                              School buildings- failure, most schools didn't get what they asked for, also the builders made a fortune by overcharging at every turn especially for poor quality and slow work.
                              Cash hand outs - failure, great for the banks and Harvey Norman. Your one example of your personal spending habits doesn't speak for the rest of the population.
                              Infastructure was what the people of Australia wanted and what did we get?? a cheque and some pink batts.

                              Commenter
                              David
                              Location
                              Sydney
                              Date and time
                              March 07, 2014, 2:35PM
                            • Firstly, the Missus' $900 cheque not mine ... I got nowt. Didn't whinge (amazingly for a pom) at the time.

                              The whole idea at that time of crisis was to spur economic activity.

                              If you cannot see that they succeeded in that then you are blind, ignorant, or blindly ignorant.

                              My missus say's thanks for your tax dollars www lion. Rooooooaaaarrrr !!!

                              So let's get something straight ... In 2008/9 Labor kept the money moving (inefficiently you could argue if you consider yourself an efficient capitalist, go on ... I'll let you) and people working.

                              Without the building program, many thousands of builder would have been out of work. They didn't choose to do it just because they could, they did it because they were advised by treasury that it was a good userful use of resources and that it was a good means of injecting money into the economy and generating activity. It duly did what it said on the packet, namely 'prevent a recession'.

                              So your natural Aussie is a crook and will kill someone or lie cheat and steal to make a buck ... We all know this, which is why your Great Grand Parents were sent here in the first place.

                              Don't blame the government for this, it was never their job to micro manage it, just to set in play the policy directions, which ... worked!

                              Commenter
                              Joe the POM
                              Location
                              Geelong
                              Date and time
                              March 07, 2014, 2:52PM
                            • Here's some interesting maths for you. If Labor hadn't spent to stimulate the economy through the GFC we could have ended up with 2m unemployed. Who knows how many it would have actually been or for how long and thankfully we will never know. But say it was 2m. Well $250pw average unemployment benefits, $300pw average taxes on wages lost for 2 years is a tax expenditure of $114bn, wasted. The multiplier effect could very well increase that by a factor of 3 to around $400bn, which is a lot less than the actual debt Then there's mental distress of a large part of the workforce unemployed, the destruction of businesses, the riots in the streets - look at what happened in the PIGS states. You should be very, very thankful that Labor followed the advice of Treasury, the RBA and market economists and spent and not the advice of the Liberals who wanted to cut spending. So during the depths of the GFC Australia had it easy compared to the rest of the world who did it tough and are amazed that we are still complaining.

                              Commenter
                              mitch of ACT
                              Date and time
                              March 07, 2014, 3:11PM
                          • Story yesterday that Ford may close its local manufacturing before the planned 2016 date. I am convinced that Holden and Toyota will pull out before their scheduled date of 2017. If there is any justice in the world Holden & Toyota will pull out in 2016, just in time for the next Federal election and bring it home to voters how bad this gov't has been for jobs.
                            http://www.news.com.au/national/breaking-news/ford-to-help-suppliers-win-overseas-work/story-e6frfku9-1226846546743

                            Commenter
                            mitch of ACT
                            Date and time
                            March 07, 2014, 1:26PM
                            • Sure mitch, considering Labor dumped boaloads of cash down the throats of the motor industry, but I assume they should have given them more right?...

                              Just note a few things down today versus say 20 years ago.
                              AUD/USD, JPY/USD, AUD/USD.
                              Then also, see where, these are in a few years and understand why these companies have pulled out of Australia.....

                              Commenter
                              Bye Bye Fiat Money
                              Date and time
                              March 07, 2014, 1:43PM
                          • here's a small Wikipedia extract on Economic Bubbles-possible causes: I personally liked the GREATER FOOL THEORY:

                            "While there is no clear agreement on what causes bubbles, there is evidence to suggest that they are not caused by bounded rationality or assumptions about the irrationality of others, as assumed by greater fool theory. It has also been shown that bubbles appear even when market participants are well-capable of pricing assets correctly.[8] Further, it has been shown that bubbles appear even when speculation is not possible[7] or when over-confidence is absent.[8]
                            Austrians believe that market participants´ decisions are blurred by the wrong price signals given by artificially low interest rates, which explains why many of these are "fooled" during an asset bubble (they call this the cluster of errors)."

                            Commenter
                            repoman
                            Location
                            Dorrigo NSW
                            Date and time
                            March 07, 2014, 1:16PM
                            • I too love the sound of the "greater fool" theory. It fascinates me how they can buy a nothing house in a nothing suburb with $500k of DEBT then can't afford groceries, petrol, and electricity! lmao!

                              Commenter
                              Bacon and Eggs
                              Date and time
                              March 07, 2014, 3:05PM
                          • Hope the AUD$ keeps rising. I'm sick of the RBA Governor always talking it down to help manufacturing. Manufacturing employs 1M people out of 22M and dropping by the minute.
                            A strong AUD helps ordinary Australians with cheaper petrol, clothing, TVs, fridges, basically everything we buy that's imported and that's most things. Even a lot of gear made here has imported raw materials that are cheaper when the $ is strong. Most of us are wealthier with a strong $, so stop talking it down Stevens for a handful of people's sake.

                            Commenter
                            Martin
                            Location
                            Preston
                            Date and time
                            March 07, 2014, 1:04PM
                            • @Martin. Lower $ is great for farm and mineral exporters too.

                              Commenter
                              Bullrun
                              Date and time
                              March 07, 2014, 1:22PM
                            • While there's some truth about this, I think the main thing Canberra et. al. want is inflation rate > cash rate, i.e. negative return on cash, i.e. inflate/print away the debt problem. If the AUD gets thrown under the bus, then so be it......
                              Regarding strong AUD, agreed. It's not a hindrance, it's a blessing!

                              Commenter
                              Bye Bye Fiat Money
                              Date and time
                              March 07, 2014, 1:31PM
                            • There are hundreds of thousands of people in Australia whose skills or lack of skills makes them only suited to jobs in manufacturing, their traditional place of employment. It would require a massive restructuring of the education and skill training system for that to be different. That task is beyond the capacity of gov't which is only interested in cutting spending in that area. So some form of manufacturing has to be maintained. If those people don't have jobs they go on the dole. It may be cheaper to provide assistance to manufacturing to employ those people and collect taxes on their wages and business profits than to spend taxpayers' money on welfare benefits. The alternative is big burly ex boilermakers/welders lining up to apply for jobs as checkout chicks in Coles.

                              Commenter
                              mitch of ACT
                              Date and time
                              March 07, 2014, 1:35PM
                            • Strong AUD sees a plethora of service jobs go offshore as there is no need for companies in Australia to fund our wages and conditions when they have access to the same skill sets or better overseas at a more competitive rate.

                              Clear as mud?

                              Commenter
                              Opinion Only
                              Location
                              Melbourne
                              Date and time
                              March 07, 2014, 2:32PM
                            • You have obviously thought hard about this ............ not !

                              Are you retired by any chance ?

                              Commenter
                              NSMR
                              Date and time
                              March 07, 2014, 3:29PM
                          • A question for those with more experience than I ...

                            Overall I'm happy that my portfolio is up 21% in the eight months I've been trading (it's certainly doing better than the cash I have in UBank).

                            But I feel disproportionate pain when I make a wrong call ...

                            e.g. I bought KCN @ 1.55 and sold at 2.68 ... WIN.

                            It's now at 1.29 ... glad I sold near the top.

                            Bought LEI @ 16.78, saw it dive then recover and I sold @ 19.07 ... that felt good too (at the time).

                            LEI is now 20.00 ... D'oh!

                            Logically I know that I'm not going to pick the absolute bottom and/or top, but emotions override my logic when I miss by more than a little (or, worse, when a SP just goes the wrong way completely).

                            What do you do to stop the emotional outweighing the logical?

                            Commenter
                            Novice
                            Date and time
                            March 07, 2014, 1:03PM
                            • Experience helps. You've seen the unexpected SP surges after you sell and the SP collapses after you sell. Personally I keep records - for every LEI that surges in the days after I've sold, there's a CDA that collapses just after I've sold. A database helps keep a sense of perspective. 22% gains in 8 months is a fine outcome.

                              Commenter
                              Yin or yang
                              Date and time
                              March 07, 2014, 2:35PM
                            • Nothing beats 'profit' mate... dont drive looking in the rear view mirror... just focus on what's ahead, cheers.

                              Commenter
                              Clueless
                              Location
                              Wonderland
                              Date and time
                              March 07, 2014, 3:37PM
                          • Looks like the big boys got themselves a nice price on ACR after decimating it yesterday

                            Commenter
                            kimmel
                            Date and time
                            March 07, 2014, 12:55PM
                            • Grrrrr the day after I switch b/w the two... Myer up & Telstra down... BACKWARDS DAY!!

                              Commenter
                              GS
                              Date and time
                              March 07, 2014, 12:51PM
                              • You have to ask who's running this country? Stevens the most highly paid bureaucrat relying on FED tapering to relieve pressure on the $AUD? Its his job to reduce rates further rather than wait for external factors he has no control over, obviously he rather the govt debt to payed back quicker but at the rate we are going there will be no one left in a job to pay taxes. House prices is a supply/demand issue and jawboning wont work either, he needs to earn his keep.

                                Commenter
                                Damian
                                Location
                                NSW
                                Date and time
                                March 07, 2014, 12:47PM
                                • damn straight

                                  Commenter
                                  mushroom
                                  Date and time
                                  March 07, 2014, 1:01PM
                              • Public service pulling out of Woden almost entirely. Lovett tower (tallest in Canberra) to sit empty and forlorn.

                                CMW, owner of Lovett tower, up 1.71% today. Bizarre.

                                Remember how when the previous government tried some of that "cutting spending" (which Rinehart and her LNP pawns love so much) by means testing the private health insurance rebate, and the LNP and the "battlers" on $250,000 a year wailed about how it would destroy the private health insurance industry?

                                NIB Insurance now at $2.68 - 5 cents off all time high.

                                Commenter
                                Basic
                                Date and time
                                March 07, 2014, 12:40PM
                                • Energy:

                                  I remain a firm believer that traditional energy producers, oil and particularly gas, still have a long and prosperous future ahead of itself. (Many 'new' forms of energy still represent the triumph of hope over reality.)

                                  So what quality energy stocks should I look at on the ASX?

                                  I have BHP, ORG, WPL, OSH.

                                  R.

                                  Commenter
                                  Roadsta
                                  Location
                                  Brisneyland
                                  Date and time
                                  March 07, 2014, 12:37PM
                                  • I suspect you're right, but I hope you're wrong for the planet's sake and for the selfish reason that I have invested in Geodynamics. Geothermal energy SHOULD have a massive future, but you're right that at this stage it's still a hope, especially when we have a government who hates any kind of renewable energy..

                                    Commenter
                                    Fred
                                    Date and time
                                    March 07, 2014, 12:43PM
                                  • Fred, I too have GDY, bought for the same reasons you did. But it has frittered itself away to the point where it is inconsequential in my portfolio. The reason is not the Govt - simply that what they are trying to do is VERY difficult technically.

                                    Hence - done with the GDYs of this world (will keep what I have in the event of a miracle). Want real performers.

                                    Ideas?

                                    R.

                                    Commenter
                                    Roadsta
                                    Location
                                    Brisvegas
                                    Date and time
                                    March 07, 2014, 12:58PM
                                  • SLX; but sub $1.20 buying price.

                                    Commenter
                                    Bye Bye Fiat Money
                                    Date and time
                                    March 07, 2014, 1:03PM
                                  • SLX hasn't been sub 1.20 since 2005. I don't think it is going to get that price anytime soon. I do own some at the moment

                                    Commenter
                                    John
                                    Location
                                    Brisbane
                                    Date and time
                                    March 07, 2014, 1:19PM
                                • IAG is at a nice price. Their next dividend should be a pleasant surprise as the bushfire danger as passed.

                                  Commenter
                                  Bullrun
                                  Date and time
                                  March 07, 2014, 12:28PM
                                    • yep.
                                      im gonna hit big, like a mad mother f..kr on IAG.
                                      easy money

                                      Commenter
                                      no banks .. no party!
                                      Date and time
                                      March 07, 2014, 12:43PM
                                  • I bought BLY shares for $23.80 in 2007. They are now 27 cents. What do?

                                    Commenter
                                    Buy and Hold Strategist
                                    Date and time
                                    March 07, 2014, 12:19PM
                                    • I will swap you those for my Forge shares

                                      Commenter
                                      confused
                                      Location
                                      syd
                                      Date and time
                                      March 07, 2014, 1:04PM
                                  • Good luck to you. Worth thinking about whether today is a sell day. Could keep going or could slip back - no idea.

                                    Commenter
                                    Yin or yang
                                    Date and time
                                    March 07, 2014, 12:13PM
                                    • All it would take is one angry shot in the Ukraine and down everything goes. The frustration amongst the Ukrainians who don't like the Russians in their midst must be building day-by-day. The big danger is that someone will let that frustration slip. I am really surprised that it hasn't happened already. If Putin gets his way in the Crimea will he be encouraged to try for more territory. This could go on for a long time.

                                      Commenter
                                      mitch of ACT
                                      Date and time
                                      March 07, 2014, 12:23PM
                                    • Well put Yang. There are so many green shoots that we could assume it will be up and up. But will Russian agro be enough to spoil the party. Another glitch could be the Chinese debt problem. Still there are some large dips of companies going ex div which are worth buying.

                                      Commenter
                                      Bullrun
                                      Date and time
                                      March 07, 2014, 1:00PM
                                    • ACR. Now there is a share to put lead in your pencil as long as you have steel in your spine.

                                      Commenter
                                      Bullrun
                                      Date and time
                                      March 07, 2014, 1:20PM
                                    • My comment was meant to be a reply to @clueless's 11:19 comment re the LEI surge.

                                      Commenter
                                      Yin or yang
                                      Date and time
                                      March 07, 2014, 2:40PM
                                  • Maybe worth explaining why there is a thing called Price time Earnings. Its an investment principle that gives you an idea of how long it will take to get your full capital returned to you.
                                    So if I put $10 in the bank and they are paying 3% p.a interest or 30 cents per annum then to recover my capital it will take over 33 years. So that a PE of 33 times.
                                    You can now go ahead and work out your PE’s on your stocks based on price paid and the capitalised value of the company which the market decides.
                                    Capitalised value of a company is the number of ordinary shares available times the current stock price. If you divide this value by the Net Profit After Tax then you will get the PE of the company. That is the price of the stock times its earnings.

                                    So if a company is trading at a PE of 10 times that’s basically a 10% return and 10 years to get all your capital returned.

                                    Commenter
                                    Harry Rogers
                                    Date and time
                                    March 07, 2014, 12:12PM
                                    • Are you forgetting compound interest?

                                      Commenter
                                      Fred
                                      Date and time
                                      March 07, 2014, 12:35PM
                                    • Thanks Fred but not talking about re-investing interest.

                                      Commenter
                                      Harry Rogers
                                      Date and time
                                      March 07, 2014, 12:49PM
                                  • Margaret was 100 per cent right - so say's James Packer.

                                    Wrong James - It was great for the Board at the time as they were all due nice little bonuses, but for Mum and Dad investors ... not so.

                                    Isn't it ironic that in the end the deal was undone by the very greed that the board demonstrated by a major shareholder holding out for a bigger fee for his support.

                                    In what World is that in the interests of shareholders at large (paying one a fee to borrow his voting rights)?

                                    Commenter
                                    Joe the POM
                                    Location
                                    Geelong
                                    Date and time
                                    March 07, 2014, 12:10PM
                                    • "In a scramble reminiscent of the 1990s Internet heyday, companies are going public at the fastest pace in years, hoping to take advantage of booming share prices and investor demand while they last.

                                      In the first two months of this year, 42 companies went public in the U.S., raising $8.3 billion and tying 2007 for the busiest start to a year for initial public offerings since 2000, when there were 77 in the period, according to Dealogic."

                                      Commenter
                                      Step right up!
                                      Date and time
                                      March 07, 2014, 11:50AM
                                      • Its important that we harness the working classes and corral them into the lowest possible pay so that business and industry in Australia may grow. This is why we vote LNP and Tony /Joe are right, why do we have any bonus or allowances/penalties? Workers should work for a low flat rate eg USA where the base is $7 per hour. We need to incentivate our leaders first with bonus and share payouts and their job is to lower costs most of which is labour, so come get behind Tony and Joe and lets get wages stripped back to one very low rate, say $8 per hour flat 24/7. Bus drivers, cleaners, teachers, nurses, policeman et al have been on the sticky wicket far too long. Some new balance is now required. Lets get Australia open for business and end the age of entitlement.

                                        Commenter
                                        repoman
                                        Location
                                        Dorrigo NSW
                                        Date and time
                                        March 07, 2014, 11:33AM
                                        • And if that happens, which I'm sure is the overall objective, where will the consumer spending come from that local businesses rely on. Cutting your workers living standards is akin to cutting your own throat.

                                          Commenter
                                          mitch of ACT
                                          Date and time
                                          March 07, 2014, 12:09PM
                                        • @ repomann, I imagine your post was tongue in cheek, but I imagine it's pretty close to the opening prayers at a liberals cabinet meeting.

                                          Commenter
                                          pass the red
                                          Date and time
                                          March 07, 2014, 12:11PM
                                        • A lot of tongue in cheek there Dorri. Imagine the flood of a million foreclosed houses onto the market. Business after business would have to close down. But a tiny tiny minority would benefit at the expense of the multimillions. You paint a scenario where a lot of people would have nothing to lose by taking firm action.

                                          Commenter
                                          Gringo
                                          Date and time
                                          March 07, 2014, 12:20PM
                                        • @pass the red, and before they tuck into the cheese plate like surrender monkeys.

                                          Commenter
                                          repoman
                                          Location
                                          Dorrigo NSW
                                          Date and time
                                          March 07, 2014, 12:42PM
                                        • @Gringo...housing bubble over, problem solved. Let them eat chocolate.

                                          Commenter
                                          repoman
                                          Location
                                          Dorrigo NSW
                                          Date and time
                                          March 07, 2014, 1:07PM
                                      • Missed ACR @ 1.91
                                        Got NAN @ 0.77
                                        Que sell LEI @ 20.55

                                        Commenter
                                        Bearshapedbull
                                        Location
                                        Pamplona
                                        Date and time
                                        March 07, 2014, 11:26AM
                                        • Am confused over selling LEI as it should be actually in the range of $22-$24 with the juicy 0.60c div. in sights !!
                                          But then like QBE it has given me a hard time for hanging on for too long...

                                          Commenter
                                          Clueless
                                          Location
                                          Wonderland
                                          Date and time
                                          March 07, 2014, 12:10PM
                                        • LEI run had been quite a surprise. I'd take profits too.

                                          Commenter
                                          Yin or yang
                                          Date and time
                                          March 07, 2014, 12:15PM
                                        • @BSB, re ACR, it's still a plaything of the shorters. You'll get lots more chances. I'm hoping the stock takes a shot of its own medicine and stands up tall leaving the rest drooping in the dust with their shorts down around their ankles.

                                          Commenter
                                          mitch of ACT
                                          Date and time
                                          March 07, 2014, 3:48PM
                                      • C'mon lets get together & push ASX thru 5500... I reckon its high time as others are making it to their all time highs !!
                                        The more it dilly-dallys, more nervous it gets !!

                                        Commenter
                                        Clueless
                                        Location
                                        Wonderland
                                        Date and time
                                        March 07, 2014, 11:22AM
                                        • That's right! BTFH!!

                                          Commenter
                                          jezza
                                          Date and time
                                          March 07, 2014, 11:47AM
                                        • if you're buying I'm selling!

                                          Commenter
                                          repoman
                                          Location
                                          Dorrigo NSW
                                          Date and time
                                          March 07, 2014, 11:53AM
                                      • Go "LEI"... go you good thing !!
                                        Have been holding you forever for days like these...

                                        Commenter
                                        Clueless
                                        Location
                                        Wonderland
                                        Date and time
                                        March 07, 2014, 11:19AM
                                        • I got out too early ... when it jumped about 5% yesterday I took my profits.

                                          Made over 13% in less than 4 months, but look at it go.

                                          Commenter
                                          Novice
                                          Date and time
                                          March 07, 2014, 12:36PM
                                      • "The Reserve Bank of Australia has warned home owners to be wary of taking on too much debt to buy a property"

                                        Commenter
                                        LMAO!
                                        Location
                                        The DEBT is outstanding!
                                        Date and time
                                        March 07, 2014, 11:18AM
                                        • Hore, Gates , Bolted ... Damage is already done and next Subpime crysis is well on the way.

                                          Commenter
                                          DJ77
                                          Location
                                          Sydney
                                          Date and time
                                          March 07, 2014, 12:42PM
                                      • “Stevens says "we'd surely be asking for trouble" if big step up in household debt from current level”

                                        No Mr. Stevens we are already in big big trouble.. and it was your Rate cuts last year that did it. The Housing was always going to pick up thanks to SFMS change and FIRB regulations being loosened , we did not need cuts. Yes Dollar has fallen but did not save car makers or any other industry, and to make things worse its heading back above 90c and up. All the cuts managed to do is egg the irresponsible people into massive debts while forcing other savers to flee to USD and US markets.

                                        So what do we have now.. Inflation rushing to 3% (even with fudged numbers, real inflation is way over 3%) , debt levels rising, manufacturing still dying , dollar rising , mining contracting , jobless rates rising and rates with no Room to move. If RBA were planning a strategy for the worst possible Economic outcome, they could have planned it better. Now they can choose, cut rates and let inflation out of control… raise rates control inflation but burst the housing bubble and skyrocket Dollar. What a fine mess.

                                        Commenter
                                        DJ77
                                        Location
                                        Sydney
                                        Date and time
                                        March 07, 2014, 11:12AM
                                        • " Inflation rushing to 3% " just when I thought all the gold was gone....LMFAO

                                          Commenter
                                          repoman
                                          Location
                                          Dorrigo NSW
                                          Date and time
                                          March 07, 2014, 11:56AM
                                        • Dec, Quarter up to 2.7% .. this quarter probably uo to 2.8-2.9% Gold Indeed. Next rate hike will be UP and Sooner than most expect ... :)

                                          Commenter
                                          DJ77
                                          Location
                                          Sydney
                                          Date and time
                                          March 07, 2014, 12:46PM
                                        • i think they're plan was dependent on the dollar taking more of a hit by now. so they could start raising rates sooner rather than later.

                                          Commenter
                                          brian
                                          Date and time
                                          March 07, 2014, 2:52PM
                                      • Where is Hugo today?

                                        I miss his insightful posts and razor wit LOL

                                        Commenter
                                        hugo's mum
                                        Date and time
                                        March 07, 2014, 11:08AM
                                        • Are people insane bidding up Myer? What the...

                                          DOG!!!

                                          Commenter
                                          GS
                                          Date and time
                                          March 07, 2014, 11:03AM
                                          • yes you're right, people are generally insane, they also love dogs and keep them in the house. smelly over affectionate wastes of money that they are.

                                            Commenter
                                            repoman
                                            Location
                                            Dorrigo NSW
                                            Date and time
                                            March 07, 2014, 12:38PM
                                        • Dabble in RXL at 0.048. Potentially very exciting Ni drill results that have underwhelmed the market. I'm hoping for a revaluation once drill results confirmed.

                                          Commenter
                                          Yin or yang
                                          Date and time
                                          March 07, 2014, 11:03AM
                                          • So RBA's Stevens says he is cautiously optimistic about the economy. As for me, I am cautiously pessimistic.

                                            We have some pain to digest - mostly caused by having to try to pay down the national credit card, so ably up by the KR-JG show.

                                            R. .

                                            Commenter
                                            Roadsta
                                            Location
                                            Rose-colour Bay
                                            Date and time
                                            March 07, 2014, 10:56AM
                                            • Careful Roadsta. Being "cautiously pessimistic" on this forum makes you a PermaBull and the PermaBears will be gunning for you....!! :-)

                                              Commenter
                                              Life Is Good
                                              Location
                                              The Real World
                                              Date and time
                                              March 07, 2014, 11:55AM
                                          • "Interest rates will be kept low to make housing more affordable. Oh $hit inflation is spinning out of control, we have to start increasing interest to curb inflation."

                                            You can't win Mr. Stevens. Just admit there are serious problems which you continue to deny

                                            Commenter
                                            Glenn Stevens
                                            Date and time
                                            March 07, 2014, 10:51AM
                                            • I thought Glen was in Egypt? someone saw him "IN DA NILE"

                                              Commenter
                                              Repoman
                                              Location
                                              Dorrigo NSW
                                              Date and time
                                              March 07, 2014, 12:05PM
                                          • RBA Governor quote - "Business investment spending outside mining, which has been very low indeed, is bound to pick up at some stage."

                                            Considering everything including business confidence was supposed to improve with the election of a LNP govt, it will be interesting to see how long it takes for business investment to improve.

                                            Hope and fear?

                                            Foreign investment is OK to the point it just sends work offshore.

                                            Commenter
                                            nolongerconfused
                                            Date and time
                                            March 07, 2014, 10:40AM
                                            • "It has taken just over two years, some serious price slashing and a lot of heartache - but the Gold Coast Hilton has finally sold out.

                                              The last three apartments in the two Surfers Paradise towers sold within three days for the combined amount of $4.12 million. It’s a figure that falls far short of the original listing prices with apartments in the complex selling for up to a 40 per cent discount the past year."

                                              Commenter
                                              There were 50% off signs
                                              Location
                                              out the front. True story.
                                              Date and time
                                              March 07, 2014, 10:28AM
                                              • Market's hot today! No sooner did I depart the LEI share register, than the SP went for a big run. Frustrating but you cant get all of them right.

                                                Commenter
                                                Yin or yang
                                                Date and time
                                                March 07, 2014, 10:22AM
                                                  • With you on this one. CRZ now 13% up from when I sold. On the other hand, I did well out of it anyway, so can't complain. Just irritated that I sold out of CRZ and replacement shares only 3% up. Could be worse....

                                                    Commenter
                                                    confused
                                                    Location
                                                    syd
                                                    Date and time
                                                    March 07, 2014, 12:02PM
                                                  • LEI at $21 - go figure! After months in the doldrums suddenly jumps 20% in two days.

                                                    Commenter
                                                    Yin or yang
                                                    Date and time
                                                    March 07, 2014, 3:47PM
                                                • this market is a bubble. anything that returns 10x+ the rate of inflation per annum or real GDP. is a bubble.

                                                  bank valuations are sky high. who is buying loans? revenue growth of inflation doesnt suggest any volume growth.

                                                  re- aussie 'growth' stock valuations. they are ridiculous with an average p/e of about 50x and cash flow multiples even greater. look at XRO REA CRZ SEK DMP, they have well and truly exceeded the late 90s dotcom. XRO is in the top 10 on the New zealand market without turning a dime!

                                                  Commenter
                                                  dotcom bubble
                                                  Date and time
                                                  March 07, 2014, 10:20AM
                                                  • You may be right. But you would be a special kinda person to start shorting now?!

                                                    Commenter
                                                    Steven
                                                    Location
                                                    Klaus
                                                    Date and time
                                                    March 07, 2014, 10:48AM
                                                  • this is a really ridiculous opinion
                                                    "banks valuations are sky high"
                                                    do you know the P/E?
                                                    Well it is right where it should be
                                                    You have no banks stocks--right

                                                    Commenter
                                                    stu
                                                    Date and time
                                                    March 07, 2014, 11:12AM
                                                  • Yep.
                                                    Considering the amount of negative macro news over the last few years, especially over the last 3-6 months yet the market grinds higher....
                                                    I like how crazy priced the banks are. If their earnings, in the next year or two, start to disappoint a P/E of (currently say) 14 is going to look very very rich in 2015-2016. Banks are essentially a call-option on the underlying economy of the country in which the bank operates.

                                                    Commenter
                                                    Bye Bye Fiat Money
                                                    Date and time
                                                    March 07, 2014, 11:20AM
                                                  • just looking at p/e of bank shares is not good enough. they are leveraged over 10 times(e.g. 50bn capital but giving 500bn loans) to sky high property and the p/e of 15 doesn't take into account any risks at all.
                                                    The same people were recommending bank stocks in 2006, 2007, and wbc was $32 then(eventually going to $10).

                                                    no ones a winner at record prices...

                                                    Commenter
                                                    dotcombubble
                                                    Date and time
                                                    March 07, 2014, 1:31PM
                                                • Gina is not telling the whole story. Eventually when they have borrowed too much to pay back then govts will take from the rich. Cyprus comes to mind. The dilemma for the rich is how to motivate the poor. Hunger is seen as a great motivator. The Liberals plan to conscript the youth on low pay is meant to motivate them to get a better job. For most it will simply add to their demoralization.

                                                  Commenter
                                                  FHB
                                                  Date and time
                                                  March 07, 2014, 10:18AM
                                                  • Nah mate. all the russians got their $$$ out of cyprus. The rich didn't get stung at all - everyday Joe did.

                                                    Commenter
                                                    Bunyip66
                                                    Date and time
                                                    March 07, 2014, 10:29AM
                                                  • You do have to question the number of people on disability pensions increasing by over 7% per year...

                                                    Commenter
                                                    Wwwish Lion
                                                    Location
                                                    Melbourne
                                                    Date and time
                                                    March 07, 2014, 11:36AM
                                                  • Gina, work choices, rising unemployment, icons being sold. Australia's about to find out we can't have it all. It was always fantasy some STILL refuse to see. "uneducated optimists" have caused much of what's coming.

                                                    Commenter
                                                    JohnBB
                                                    Date and time
                                                    March 07, 2014, 11:37AM
                                                  • @JohnBB ...."uneducated optimists" have caused much of what's coming.

                                                    LOL...I just love these posts.
                                                    umm what exactly is an "uneducated optimist"? could you describe one so I could recognise him/her walking down the street? ...probably about to be sorry I asked tho`

                                                    Commenter
                                                    repoman
                                                    Location
                                                    Dorrigo NSW
                                                    Date and time
                                                    March 07, 2014, 12:46PM
                                                  • @repoman, the "uneducated optimists" must have been the labor party (rudd/gillard) government, they got us here...now lets see if Abbott and co. takes it somewhere

                                                    Commenter
                                                    Wwwish Lion
                                                    Location
                                                    Moes Bar - its Friday
                                                    Date and time
                                                    March 07, 2014, 1:10PM
                                                • RE 10:08am... go Charlie! hehe

                                                  My targets from what I can see on the daily are close. I've been saying 5800 by mid-year and potentially 5600 by April.

                                                  Gonna need the banks to lift for div and iron ore price to rise back up for the miners. Both situations very achievable.

                                                  Check out the daily!

                                                  Commenter
                                                  GS
                                                  Date and time
                                                  March 07, 2014, 10:15AM
                                                  • Bullish on iron ore ?? The odds appear to be very low but good luck with it.

                                                    Unless of course you anticipate the AUD to be 60c to counteract any plunge in iron ore prices

                                                    Commenter
                                                    NSMR
                                                    Date and time
                                                    March 07, 2014, 10:38AM
                                                  • I'm personally not bullish/bearish on I/O but as the last few years have shown us, it always hits back when the market thinks it's out!

                                                    My 5600/5800 targets are the upper end of the trend... there is also a lower trend and it is much lower. But 5600-5800 by April to July is VERY possible depending on banks & miners!

                                                    Commenter
                                                    GS
                                                    Date and time
                                                    March 07, 2014, 1:01PM
                                                • After much dithering decided against getting into TWE.

                                                  Added more AAC instead. As some of you probably know, I'm a massive fan of AAC!

                                                  Commenter
                                                  Fred
                                                  Date and time
                                                  March 07, 2014, 10:02AM
                                                  • Spot gold price seems to be on the way up.
                                                    With angry Vladimir digging his heals in Crimea, I think Gold price can only go up.

                                                    I bought some KCN and BDR yesterday.

                                                    Hmm. all the forecast earlier this year of gold staying under $1100/ounce seems like a joke now.

                                                    Commenter
                                                    Ronn
                                                    Location
                                                    Sydney
                                                    Date and time
                                                    March 07, 2014, 9:57AM
                                                    • This is the same group people who predicted the AUD will fall to 80cents or much less. It's tough being an economist.

                                                      Commenter
                                                      Kat
                                                      Date and time
                                                      March 07, 2014, 10:32AM
                                                    • Imperialists unhappy about the actions of another imperialist.

                                                      Commenter
                                                      Opinion Only
                                                      Location
                                                      Melbourne
                                                      Date and time
                                                      March 07, 2014, 10:34AM
                                                    • beware the Ides of March

                                                      Commenter
                                                      repoman
                                                      Location
                                                      Dorrigo NSW
                                                      Date and time
                                                      March 07, 2014, 11:21AM
                                                  • Things are slowly turning around. US Stocks rising and AUD rising again on good economic news.

                                                    AUD will be close to $1 USD again by end of the year. Interest rates will have to go up.
                                                    Housing Boom

                                                    Commenter
                                                    The Court Jester
                                                    Location
                                                    Prahran
                                                    Date and time
                                                    March 07, 2014, 9:55AM
                                                    • With all the recent theft of bitcoins you would expect its value to head for zero. However, as an unregulated commodity it has immense appeal for anyone who wants to ship vast quantities of cash overseas. This is of course the world of crime and bitcoin is becoming their means of exchange.

                                                      Commenter
                                                      Gringo
                                                      Date and time
                                                      March 07, 2014, 9:35AM
                                                      • Do people question the dollar every time there is a bank heist?

                                                        Do people question the dollar when criminals use it to buy drugs?

                                                        Bitcoin is criticised so much because it is seen as a threat, not because of any inherent flaws.

                                                        Commenter
                                                        Fred
                                                        Date and time
                                                        March 07, 2014, 10:10AM
                                                      • Money stolen from a bank is covered by insurance. Bitcoin coin theft is met with the exchange owners disappearing and bitcoin owners left with zero.

                                                        Commenter
                                                        Gringo
                                                        Date and time
                                                        March 07, 2014, 10:35AM
                                                    • The bears left open the gate to the lucerne paddock. The bulls have rushed in and are chowing down on all that green stuff. The alarmed bears have headed for the hills. Will the bulls become bloated and die?

                                                      Commenter
                                                      Gringo
                                                      Date and time
                                                      March 07, 2014, 9:23AM
                                                      • I think perhaps, the bulls owners will come and take them to slaughter once they gained enough weight for sale.

                                                        Commenter
                                                        John
                                                        Location
                                                        Brisbane
                                                        Date and time
                                                        March 07, 2014, 10:52AM
                                                    • "I can already hear the left boiling with rage that I dare challenge their ‘bottomless pit’ and the belief that money doesn’t have to be earned before it is spent mentality."

                                                      "More nasty twisted articles will appear, forests and splinters of them. But every day Australia goes further into debt with no clear planning operation to get back even close to where we were."

                                                      www.smh.com.au/business/australians-living-beyond-our-means-says-gina-rinehart-20140307-34ar9.html#ixzz2vDwIrUZf

                                                      Housing boom!

                                                      Commenter
                                                      Allan
                                                      Location
                                                      Prahran
                                                      Date and time
                                                      March 07, 2014, 9:21AM
                                                      • "But every day Australia goes further into debt with no clear planning operation to get back even close to where we were."
                                                        So even Gina doesn't think that the Tory Rabbitt has a plan.
                                                        A good place to start would be by cutting business welfare. The annual Tax Expenditures Statement from Treasury details it all. http://www.treasury.gov.au/PublicationsAndMedia/Publications/2014/TES-2013

                                                        Commenter
                                                        mitch of ACT
                                                        Date and time
                                                        March 07, 2014, 9:51AM
                                                      • I cant stand Gina Rinehard, but in regards to Australia's welfare system she is correct. It stinks. And nothing is being done to reduce it.

                                                        That's the problem. It's like tax cuts. Everyone loves a tax cut, but what happens when you want to or have to rise them. Governments won't do it, becuase its too 'hard' and doesn't reflect well on there party. It's too political.

                                                        Commenter
                                                        Investor
                                                        Date and time
                                                        March 07, 2014, 9:53AM
                                                      • But don't forget that taxes will be going up for retirees to pay for the PPL, in the form of a reduction in franking credits. Retirees are generally conservative. Their man is increasing their tax bill to pay for the wealthy to have babies. Not on.

                                                        Commenter
                                                        mitch of ACT
                                                        Date and time
                                                        March 07, 2014, 10:04AM
                                                      • What about the business welfare given to Big Gina? She gets more special treatment than anyone!

                                                        And you preach about the need to 'earn' money, how much of your wealth was earned, Gina... you inherited your wealth and half of Western Australia off Daddy. Does anyone think if Big Gina's dad was a mechanic she would be where she is today?

                                                        By the way she offers the most ridiculous straw man I have ever heard.... Is there ANYBODY in Australia who does actually argue that welfare should be a 'bottomless pit'? Of course not!

                                                        Commenter
                                                        Fred
                                                        Date and time
                                                        March 07, 2014, 10:08AM
                                                      • And on we march! Making money, while shorters have been left holding the bag. What's in the bag you ask? ...losses! Lot's and lots of losses!

                                                        Commenter
                                                        Well well
                                                        Location
                                                        well
                                                        Date and time
                                                        March 07, 2014, 10:09AM
                                                      • @mitch, you said "Retirees are generally conservative." Does this mean that with age and experience people realise the Libs are better?

                                                        Commenter
                                                        Wwwish Lion
                                                        Location
                                                        Melbourne
                                                        Date and time
                                                        March 07, 2014, 10:19AM
                                                      • @Wwwish no it just means that they don't like change because it interferes with their carefully built up understanding of the world. So that's why they prefer the Libs, taking us back to the easy to understand days of the 50's when, for example, a woman's place was at home with the kids, ironing her husband's shirts and cooking his tea. With the Libs they can rely on little real change being made even tho the ever-changing world requires that we adapt to keep up. Yet another problem for Labor to fix.

                                                        Commenter
                                                        mitch of ACT
                                                        Date and time
                                                        March 07, 2014, 10:34AM
                                                      • Well well no trades no profit. Sorry.

                                                        Commenter
                                                        Allan
                                                        Location
                                                        Prahran
                                                        Date and time
                                                        March 07, 2014, 11:24AM
                                                      • Mitch the ppl is one of the most ridiculous policies ever. It ranks right up there with Swanny telling everybody on twitter how already completed projects were being funded by the 'spreading the boom' mrrt tax that has collected practically nothing. Not to mention paying for the school kids bonus. Funny how you never mention those disasters. A little more balance and a little less name calling would be nice. Very hypocritical considering your thoughts on the 'Juliar' campaign.

                                                        Commenter
                                                        Kane
                                                        Date and time
                                                        March 07, 2014, 11:45AM
                                                      • Labor fixing something? wha...? All Labor did was throw good money after bad....300 billion in six years mitch...
                                                        Ok, now to be fair, what did labor fix?

                                                        Commenter
                                                        Wwwish Lion
                                                        Location
                                                        Melbourne
                                                        Date and time
                                                        March 07, 2014, 11:58AM
                                                      • Labor's spending saved us from the worst of the GFC. If it was the wrong thing to do why did no-one at the RBA or any noted economist criticise the spending and why is the US continuing to spend to stimulate. If people had even a basic understanding of economics I wouldn't have to keep typing this. That's why the Libs won the election. They spread their false brand of economics amongst an economically illiterate population.
                                                        Perhaps you can tell me what would have happened if Labor hadn't spent. You can use the Great Depression as a reference point.

                                                        Commenter
                                                        mitch of ACT
                                                        Date and time
                                                        March 07, 2014, 12:17PM
                                                      • As for Labor having to fix things, well one of the things that KRudd had to fix was to increase the Single Age Pension by increasing it by $13pf, double the normal increase. John Howard had let it fall to below poverty levels in order to build up his precious surplus, at the expense of the old.
                                                        http://guidesacts.fahcsia.gov.au/guides_acts/ssg/ssguide-5/ssguide-5.2/ssguide-5.2.8/ssguide-5.2.8.10.html

                                                        Commenter
                                                        mitch of ACT
                                                        Date and time
                                                        March 07, 2014, 12:41PM
                                                      • mitch your whole comment is speculation at best based on what if they didnt...well what if they spent it but on better things, Pink Batts - Failure, School building - Failure, Plain Old Cash handouts to buy plasma tvs - Failure, NDIS - Failure waiting to happen (still noone can tell me what this gives people).
                                                        I will give you the age pension thats not bad, but irrelevent to me

                                                        Commenter
                                                        Wwwish Lion
                                                        Location
                                                        Moes Bar - its Friday
                                                        Date and time
                                                        March 07, 2014, 1:13PM
                                                      • Liberals - failure. I cannot think of one positive thing they have done so far. Of course thousands of jobs have disappeared wth many more to go and funding to essential public services have been cut.

                                                        Commenter
                                                        mitch of ACT
                                                        Date and time
                                                        March 07, 2014, 1:25PM
                                                    Comments are now closed