I think the point Sam Walsh was making: of the forecast supply increase, what is created in reality is minimal
sorry I don't understand.
is this sam guy saying that increased supply in the next few years will be minimal????
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I think the point Sam Walsh was making: of the forecast supply increase, what is created in reality is minimal
sorry I don't understand.
is this sam guy saying that increased supply in the next few years will be minimal????
yeh
"While consumption will stay robust over the next several decades, supply continues to lag behind as competition for labour, energy and project financing increase, approval processes lengthen further and costs in remote areas continue to escalate.
The graph below shows just how wide the gulf is between plans and execution:
It will be interesting to see what happens when RBA meet on August, if IR drops which is likely, will the $Au continue to slip slide. Current range 89-90.
MTR
The sliding dollar is good.
Makes our exports cheaper and puts more money into the economy.
Can only be good.
The higher dollar was only good for all our CUBs going to Bali and then coming back home and being able to fill up with fuel their 3 V8 utes parked in the driveway so they could go pick up the latest 98" plasma made in China.
Once it' gets around 80 cents,and tracks lower and the rba drop the rates again add umemployed numbers prior to a new government later this year 75 cents may be the norm for the next few years88 today, am I the only one watching this
I agree
I just transferred $10,000 from US bank account using Xe trade, incl fees will get $11,007, finally able to bring money back home.
I bought something online from the US a few months ago which never turned up. after the long-winded credit card dispute process I finally got a refund. Because it took so long, I made about $50 in exchange rates.
Once it' gets around 80 cents,and tracks lower and the rba drop the rates again add umemployed numbers prior to a new government later this year 75 cents may be the norm for the next few years
watching some of those late night business shows from the US last night, it isn't particularly rosy over there, in which case the rate could well head back up. It doesn't make sense for the rate to head so low, not that exchange rates have to make sense
It didn't make sense that the dollar was so high even when they were drastically cutting rates. We should have probably been where we are now 12 months ago...
With the dollar falling like this soon it's going to start having a big impact on inflation.
watching some of those late night business shows from the US last night, it isn't particularly rosy over there, in which case the rate could well head back up. It doesn't make sense for the rate to head so low, not that exchange rates have to make sense
as long as bernanke is printing $85 BILLION per month to buy govt bonds with, he will continue to export his unemployment and inflation.
88 today, am I the only one watching this
A number of Aussie media outlets poked fun at George Soros when he shorted the AUD.
Nobody's laughing now.
What isn't yet making headlines (and probably won't on mainstream finance news sites) is that the largest position the fund now holds is SPY Puts, basically a short term bet that the stock market is headed lower (although we don't know the exact structure of target dates and prices). The position (SPY Puts) relative to the total size of the fund increased from 1.28% to 4.79% over Q1 (more than tripled) and has increased to 13.54% over Q2 (almost tripled again).
Soros reportedly made $1 billion betting against the British Pound in 1992. We heard rumours of Soros making a $1 billion bet against the AUD (a position that has done well if true). We heard when he made $1 billion betting against the Yen. Where are the headlines for his $1.25 billion bet against the stock market?
His latest position is a $1.25b bet on the stock market (S&P 500) heading lower:
http://www.bullionbaron.com/2013/08/soros-fund-bets-on-lower-stock-market.html
His latest position is a $1.25b bet on the stock market (S&P 500) heading lower:
http://www.bullionbaron.com/2013/08/soros-fund-bets-on-lower-stock-market.html