Time to watch the Market for a correction

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GT93
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Post by GT93 » July 1, 2015, 5:40 pm

I agree Greece is a basket case. The only solution was to grow the economy but their economy collapsed with the austerity policies. The shxt might have been so bad before the real picture emerged after their lies that it was by then way too late to escape bankruptcy.

I think it'll all pass without much global consequence although its a great tragedy for the Greeks. The Chinese casino (stock markets) will be a far bigger global problem. If they correct, then there might be big trouble.

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Post by noosard » July 1, 2015, 6:04 pm

http://www.stuff.co.nz/business/industr ... s-relieved

Interesting as goes back to when the kiwi was flying and the roo or emu was hopping backwards
Kiwi got grounded as can't fly
Roo and emu cannot go backwards either

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Post by bumper » July 2, 2015, 4:31 pm

Today it would seem they are more worried about China.

https://mail.google.com/mail/u/0/?shva= ... a109743626
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GT93
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Post by GT93 » July 2, 2015, 4:42 pm

noosard wrote:http://www.stuff.co.nz/business/industr ... s-relieved

Interesting as goes back to when the kiwi was flying and the roo or emu was hopping backwards
Kiwi got grounded as can't fly
Roo and emu cannot go backwards either
Yes, I'm feeling the piss weak Kiwi $ as I regularly send money to Thailand. It's because Chinese demand for dairy products is falling. Like Australia, we're now but a small province of China. I suspect the daily news in Australia reports things such as the iron ore and coal prices. Here's its dairy prices.

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Post by ronan01 » July 2, 2015, 4:47 pm

It seems the Oz market is returning to "normal", commentators say this is due to growing realisation that Oz exposure to greece is minimal. I suspect those most worried are the german bankers.

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Post by bumper » July 2, 2015, 6:51 pm

I would really like to visit KIWI country some day, (off topic Whats the weather like there now?)

I think we will eventually find out there is more exposure to the EURO then to Greece specifically.

I doubt China has anything to do with Greece. Man they grew leaps and bounds might just be time for things to slow down.
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Post by bumper » July 4, 2015, 4:33 pm

I reserve the right to be wrong, mispell words type badly. leave words out of sentences because my mind works faster then my fingers. To be an OLD GIT I've earned it

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Post by bumper » July 5, 2015, 12:20 pm

Hmm!!! I still have not been able to get along with one wife much less several of them. That was kind of off article for the subject at hand. But, interesting
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Post by ronan01 » July 10, 2015, 7:01 am

Lesson one: Do not live beyond your means.

Lesson two: Never trust that Big Government will spend tax revenue rationally.

Lesson three: Do not be a Grasshopper. Be an Ant. Prepare yourself for the harsh winter.

Lesson four: Block your ears to the siren songs of the Left. You will perish on the hard rocks of economic reality.

http://quadrant.org.au/opinion/doomed-p ... nt-modern/

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Post by ronan01 » July 14, 2015, 5:38 pm

The Greece Bailout Explained

It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit.

On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.

The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.

The publican slips the money along to the local ******* drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.

The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything.

At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.

No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with a lot more optimism.

And that, Ladies and Gentlemen, is how the Greek bailout package works.

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Post by parrot » July 15, 2015, 1:32 am

Back in the US for a while, I enjoy the Invesco ads on TV....separating knowledge from financial noise. Some people find them annoying.....but I find them more spot on.......fear of the fiscal cliff, dollar collapse, Greek or China or Iran impact......or too much of the wrong channel spouting doom and gloom for America or its economy. All the sort of news that leads to people stuffing their mattresses full of cash. A good example, to me, is the doom and gloom that oil companies predicted when the price of oil fell.........only to find more innovative and productive ways to extract oil from the ground. Yes, a lot of oil workers are out of a job, but oil companies are producing much more oil this year than last - despite having far fewer rigs- and Juanita Q Public is walking around with several hundred extra dollars in her pocket because of lower gas prices. And more likely than not, that money is being pumped back into the economy.

http://www.ispot.tv/ad/7K7L/invesco-sep ... oise-roger

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Post by ronan01 » July 15, 2015, 6:27 am

parrot wrote:Back in the US for a while, I enjoy the Invesco ads on TV....separating knowledge from financial noise. Some people find them annoying.....but I find them more spot on.......fear of the fiscal cliff, dollar collapse, Greek or China or Iran impact......or too much of the wrong channel spouting doom and gloom for America or its economy. All the sort of news that leads to people stuffing their mattresses full of cash. A good example, to me, is the doom and gloom that oil companies predicted when the price of oil fell.........only to find more innovative and productive ways to extract oil from the ground. Yes, a lot of oil workers are out of a job, but oil companies are producing much more oil this year than last - despite having far fewer rigs- and Juanita Q Public is walking around with several hundred extra dollars in her pocket because of lower gas prices. And more likely than not, that money is being pumped back into the economy.

http://www.ispot.tv/ad/7K7L/invesco-sep ... oise-roger
Thought we were supposed to run out of oil by now and the price would be $10 a litre?

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Post by parrot » July 15, 2015, 7:00 am

ronan01 wrote:
parrot wrote:Back in the US for a while, I enjoy the Invesco ads on TV....separating knowledge from financial noise. Some people find them annoying.....but I find them more spot on.......fear of the fiscal cliff, dollar collapse, Greek or China or Iran impact......or too much of the wrong channel spouting doom and gloom for America or its economy. All the sort of news that leads to people stuffing their mattresses full of cash. A good example, to me, is the doom and gloom that oil companies predicted when the price of oil fell.........only to find more innovative and productive ways to extract oil from the ground. Yes, a lot of oil workers are out of a job, but oil companies are producing much more oil this year than last - despite having far fewer rigs- and Juanita Q Public is walking around with several hundred extra dollars in her pocket because of lower gas prices. And more likely than not, that money is being pumped back into the economy.

http://www.ispot.tv/ad/7K7L/invesco-sep ... oise-roger
Thought we were supposed to run out of oil by now and the price would be $10 a litre?
More doom and gloom. Today's gas price $2.59 a gallon in Texas

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Post by BigBubba » July 16, 2015, 6:32 am

parrot wrote: More doom and gloom. Today's gas price $2.59 a gallon in Texas
Was in Southern California last week where it's inching closer to $4.00 (roughly the price in Thailand the last I calculated)
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parrot
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Post by parrot » July 16, 2015, 7:08 am

Interesting........that's a big difference in price!

http://time.com/money/3957143/gas-price ... alifornia/

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