Forum Replies Created
Anyway back on topic…
Some months ago I ran across a graph that showed Chinese power consumption had suddenly gone off a cliff. I postulated that China’s economy hadn’t soft or hard landed but may have simply crashed (comparatively not literally if power production was a proxy for economic activity).
It appears that assessment might not be too far from the truth if this ZH article is anything to go by.
http://www.zerohedge.com/news/turns-out-china-lying-about-everything
Turns Out China IS Lying About Everything
Record-setting mountains of excess coal have accumulated at the country’s biggest storage areas because power plants are burning less coal in the face of tumbling electricity demand. But local and provincial government officials have forced plant managers not to report to Beijing the full extent of the slowdown, power sector executives said.
I think that one can infer from this that China is in bigger trouble than many realise and if it’s as bad as I think it is then Australian resources are in for a rough ride.
bardon wrote:The only thing that will come out of this will be a major political misinformation initiative that will serve to advance the US political agenda for internet censorship.If you look at the US and UK initiatives its more about legislation that allows them to monitor you. The censorship agenda is somewhat of a red herring to mask the increasing intrusiveness into an individuals personal affairs.
The Wider Agenda Of Internet Control
The Digital Economy Bill is intrinsically linked to long term plans by the UK government to carry out an unprecedented extension of state powers by claiming the authority to monitor all emails, phone calls and internet activity nationwide.
IN 2008, the government announced its intention to create a massive central database, gathering details on every text sent, e-mail sent, phone call made and website visited by everyone in the UK.
The programme, known as the “Interception Modernisation Programme”, would allow spy chiefs at GCHQ, the government’s secret eavesdropping agency, the centre for Signal Intelligence (SIGINT) activities (pictured above), to effectively place a “live tap” on every electronic communication in Britain in the name of preventing terrorism.The UK, Canada, Australia and NZ all have extensive communication surveillance system bases which are extensions of the NSA’s ECHELON global surveillance system. That’s being upgraded to a vastly larger more powerful system.
My guess is we will see public domain software (and commercial) rise to meet this challenge for personal privacy and security. I already use low level IP masking and encryption via VPN software. It’s early days yet and I’ve yet to get my head totally around it but this kind of software may become ubiquitous fairly quickly.
Very popular in China I believe.
bardon wrote:As for Assange he is the pasty for increased internet censorship and I think he is in on it, as this is, in my opinion staged.Bardon when you make comments like this I can’t take you seriously. You certainly have a perspective on things that is definitely ‘out there’.
Saw this product on the New Inventors show a year or so ago. As someone who used to build decks professionally a while back I thought the product was one of the best I’ve seen. The clip on system is much more accurate, generally reduces the affects of warping/cupping etc and produces a clean surface finish. Over all it would be more cost effective than individual nailing.
Someone can correct me if I’m wrong but I was under the impression that with regard to property there is a legal requirement to disclose anything material to the sale and that “buyer beware” is not a defense. In contract law (tort) deliberately misleading a buyer would be considered as reason to seek damages and have a sale reversed.
Professionals such RE agents would also carry liability in such cases.
There have been cases where agents, knowing a properties history, failed to disclose its past to the buyer and the sale was reversed with damages. This has occurred in NSW I believe and involved a house that was sold after the murder of one or more of its inhabitants. The new buyer, who only found this out after buying the property, claimed that they couldn’t live in a house that had such a brutal history and that they would not have bought it had they known.
bardon wrote:Freckle wrote:Certainly, the lies from our political leaders are entertaining. But how many more revolutions, riots, defaults, bank runs, stimulus packages, nationalizations, tax increases, pension grabs, etc. will it take to acknowledge what’s happening?
Can anyone afford to keep ignoring reality? Can you?I think this article is kid of apt considering the circumstances and the recent posts.
So what does one to do to combat this all encompassing Big Government monster ?
I suspect people like yourself will simply get bigger blinkers and cocoon themselves in make believe world where all is well.
Meanwhile people like myself are concerned about where government is going with many things. The Australian government is well and truly in bed with the yanks and adopting some of their tactics. That actually scares the hell out of me. There is absolutely nothing the US government will not do to its people to achieve its political, military and financial aims. It is aided and abetted by its suck-up friend Australia.
You have to worry when a guy like Julian Assange can’t get any support from his own govt/country. You’re better off being a Bali drug smuggler than anyone who fronts the US over its criminal activities.
fWord wrote:Of course, or I could wallow in self pity instead. The choice is pretty clear.A bit melodramatic even for you fWord
fWord wrote:Still the same postcode ultimately, but Rippleside sounds helluva lot nicer than North Geelong!While it’s debatable that it will help it’s almost certain it won’t hurt. You take what you can get and be thankful for small mercies.
Certainly, the lies from our political leaders are entertaining. But how many more revolutions, riots, defaults, bank runs, stimulus packages, nationalizations, tax increases, pension grabs, etc. will it take to acknowledge what’s happening?
Can anyone afford to keep ignoring reality? Can you?I think this article is kid of apt considering the circumstances and the recent posts.
simple wrote:Mine take is that markets worldwide will go thru second phase of negativity, similar to 2008.2008 will seem like a non event compared to the next downturn Simple.
bardon wrote:So how long have I got left before this hidden hazard gets me?Kinda scary really. You think it’s hidden, not obvious etc. Like I said, enjoy it while it lasts Bardon. They say ignorance is bliss. I’ll leave you to continue with a blissful life.
bardon wrote:I may well have a blind spot for something but I do feel good about my lot in life at the moment.You have more than a blind spot Bardon but enjoy it while it lasts anyway. Ignorance may very well be bliss.
The Mickey Mouse games in Europe continue. They’ve kicked the can down the road once again and all the things in the world that keep coming back to screw us haven’t been fixed one jot.
The only positive I take from it is that it gives me a little more time to reinforce the defenses.
I’m reminded of the saying;
“My father rode a camel, I drive a car, my son flies a jet plane, his son will ride a camel.”
Median Property Trends for properties in Naracoorte
Realestate.com’s stats aren’t much better. I’d take all of them with a grain of salt. Wild swings of -19% to +36% over 12 months doesn’t indicate reliable data. The only thing that is reasonably certain is that the overall trend is slightly negative. I don’t see CG as offering much in the way of growth in the short to medium term. Rental yields may offer some respite depending on how your set up.
http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp&s=sa&u=naracoorte99 here’s something to contemplate.
Forget the 10% deposit. You’ll basically loose that in entry costs. Scratch $30k
Property in general is moving south but of course everyone remains optimistic to the point of delusion that somehow but somehow a miracle will happen in the world and the trillions in global debt that can’t be serviced let alone paid back will miraculously disappear somehow. But Australia is different even though it’s economy is about to officially go into recession in the coming months.
So if property continues to slide you could within 12 months have negative equity. It will only take a 3% move and you’ve done your doa!!
Here’s a simple risk assessment.
…hold onto your money = 100% guarantee you’ll still have it later
…buy now = $30k out the door, 80% chance property will loose value, 10% it will hold, 10% it will increase
Pretty simple really. Hold onto your money. Only fools buy before a crash.
I think we discussed on another thread how small the window is likely to be in these regions. It now seems much of the industry hype is just that. Production across the US has suddenly begun to decline. I imagine with the growing banking sector problems and falling energy prices investment will be difficult to obtain to run/develop these fields at the pace previously set.
A high risk investment if ever there was one. The payoffs would have to be huge to warrant the risk I’m thinking. This is the kind of investment you only apply a small percentage of your portfolio to (less than 5%)
Capital Destruction in Natural Gas
http://www.zerohedge.com/contributed/2012-06-04/capital-destruction-natural-gas
More reading…
http://www.testosteronepit.com/home/2012/5/23/the-natural-gas-massacre-gets-bloodier.html
http://www.testosteronepit.com/home/2012/5/12/drilling-down-into-oil-gas-prices.html
arope99 wrote:It seems like buying a PPOR now with interest only + offset account seems to be the best way. We’ll start budgeting now and looking at properties/finance options.I’m somewhat amused by these kind of threads and a little sad to be honest. Young guy, young family, focused, disciplined approach to developing a wealth plan and by all appearances has his (their) act together.
So why do people ignore the elephant in the room.
Right now I’d rather invest money in my nieces lemonade stand than put a dollar into property and someone slap me blind if I ever contemplate anything in SA let alone property.
The only option!!
Keep your money in your pocket and watch and wait. We’re approaching the event horizon for GFC v2. If it becomes as bad as some predict you might get 25c on the dollar for property you own today if your lucky.
WI, heap of information in their FAQ. The following I think deals with your inquiry.
Price growth has gone negative in Melton South. Given the current global problems and Vics economy in tatters I would be inclined to hold off and see how low it can go before I jump in with both feet. Kurunjang is showing the same trend as Melton West
http://www.domain.com.au/public/SuburbProfile.aspx?searchTerm=Melton%20West&mode=buy
More data
http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp&s=vic&u=melton
Just be careful reading too much into these data sets. Melton is small and a surge in sales, prices etc can easily distort prices either way. It’s the kind of place that requires a detailed assessment before committing
OK this one is android OS 4.0.3 Kernel 2.6.39.4+
Definitely runs OK on this site
Terryw wrote:thanks for looking into this admin.for example, in the above post i pushed reply quotes then i typed the letter t. the blinking cursor immediately jumped up to where i typed xx. in this case it didnt jump up to a corrseponding same letter but just to the front of the quote.
Seems to run alright on the old girls tablet. Actually I’m surprised how well it runs. This ones an Acer. It’s just gone through an update so I’m not sure what version it’s running .
It’s definitely not doing what Terry’s is doing so it may be a problem on his end