I have been an economist for 30 years .. watched RBA move many...

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gonegassed

13,783 Posts.

19/12/14

13:09

Post #: 14487232
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Originally posted by david25 ↑

$150 billion worth of commodities stocks sell off indicates the market doesn't agree with your reasoning.

Commodity prices will fall faster than the Aud and any profits will be wiped out for mid cap producers.
FMG will go down in history as the biggest rise and fall of a commodity stock. It will not be able to compete.

So for some reason you think you can get the Aud down before its too late?
You already concede there will be a point of failure. Interesting contradiction.

The reserve bank has no power to control commodity prices falling below marginal cost even with an exchange of .70usd therefore you economic theory is false.

Your reasoning is totally against the movement of the market.

Where did you go to school and where did you study economics?

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I have been an economist for 30 years .. watched RBA move many times ..

the RBA will lower interest rates to 2% in 2015.. regardless of the IO price ..Up or Down ..

RBA watches unemployment, inflation, housing prices growth...and overseas US rates to determine its policy direction .. it does NOT watch Comodities !!!!!!!!!!

your crazy if you think AUD and RBA watch gold copper oil or IO prices .. LOL !!!

AUD moves .up or down re Interest Rates Directions

Last edited by gonegassed: 19/12/14

BCI Price at posting: 49.5¢ Sentiment: None Disclosure: Not Held

BHP Price at posting: $28.84 Sentiment: None Disclosure: Not Held

MGX Price at posting: 24.5¢ Sentiment: None Disclosure: Not Held

RIO Price at posting: $55.99 Sentiment: None Disclosure: Not Held

AGO Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held

FMG Price at posting: $2.57 Sentiment: Buy Disclosure: Held

GRR Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held

AJM Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
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I have been an economist for 30 years .. watched RBA move many...

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I have been an economist for 30 years .. watched RBA move many...

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