AUD falls to 70c ..if RBA lower rates by 1/4% on a crappy economy outlook., page-69

china's been chewing thru our resources at record levels ..no wonder its last GDP report was a fake instead of showing us 11%..they posted 7.55 ? crafty.

but really..
IO port piles are dropping to 105mt from 113mt last month.
Record Steel production numbers and profits posted by Chinese steel mills this month,.
lower Oil prices reduced Opex costs for world + Chinese Economy as a whole
new record consumer spending and consumption levels in Asia + USA OIL price falls

what do we do in OZ to capitalize on such events ??
we lower prices of our key steel making ORE by Half to $70 .. by FLOODING IO markets and killing the golden goose for everyone that loved that gooses eggs.

IO miners in All classes have lost 50% or more of their net values..while record steel production numbers span our screens ..

is that the best we could do ?? now who is the Goose ?

where was the AUD counterweight balancing mechanism when we needed it ?
worried about high house prices growth ..in just 2 cities .

housing needs to be tamed ..not by interest rates .. but by taxs on investors..Housing Investors are making mega bucks ..they rely on capital gains and pay no tax with negative gearing
they control rent prices ..up 5% pa ..to push house prices up too...

Real estate Investment ..its a scam on our kids and the tax department.

investment housing Tax breaks needs to be restricted to New Buildings only !!
Unify State Land tax's for multiple investment of Existing houses in same name regardless of State borders...to discourage large portfolio of existing Homes ownership...exemptions for New Homes

Enforce Real estate portfolio size restrictions ..unless they are Newly built Homes or old portfolios.

housing prices and rents will ease as New Houses are built by investors .for the Tax concessions