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Hard to argue that inflation has not taken hold. Energy prices up, rents up, housing prices up, like to buy a farm in Oz then think big money, food prices are up,. And on the other side, jobs more insecure, businesses still on government support, logistics slow and high in price, hard to get what you need in manufacturing, and so on.
Tried to open a bank account recently. We are up to 3 weeks now on opening a simple business account. The know your customer stuff is looking daunting...productivty gains?
Uncertainty is on the increase, with Biden teetering, Trump starting to emerge, we have a federal election downunder, and the states are still as united as ever, with "Gollum" almost threatenting to take West Australia out of the Federation. (He might want ot fix the appallling state of the health system in West Oz first, land access is a huge issue for explorers here as well - in fact one friend has just clicked over 2.5 years to NOT get a clearance to do exploration in Western Australia - and the cost of running a Junior Exploration company, with all of the governance requirements, accounts, admin etc now running at over $3,000 per day just to keep the lights on...
When you dont have trust in a business the costs go through the roof. When complaince regualtions are being structured to stop the endless gaming of the system, the costs and delays go through the roof.
good luck all,
we may need it.
Your faithfull correspondent downunder, who is punting on gold!
best
the gnome
goldgnome - Greetings. Whilst on the Oz subject what rating would you give to Noel Ong, Samso? His promotions - almost daily now - become more frequent. I read them when I have a moment but have yet to launch onto the ASX in a meaningful way.
And do you write on a local forum Down Under?
All CEY investors going to get a good return even if you invested £2.25 sure . ZERO DEBT MINING COMPANY, a minor delay in production.
we are back baby ! well done to everyone who topped up when others were doubting.
Hi Mr Gnome,
Similar situation in the UK , result of low interest rates encouraging of estate agents, developers & sellers pumping up prices , governments should have capped the amount that a house price can increase by each year!
So if they can't afford houses at the present rates they certainly won't be able to after an interest rate rise.
BBC report
Young Australians can’t afford to buy a home where they grew up. This is because of a confluence of factors, and the "affordability crisis" has only accelerated during the Coronavirus pandemic. We’ll hear from Alison and Susan, both of whom have come to the realisation that it makes more sense to buy elsewhere. Mike Wood of Australian Broker tells the BBC's Frey Lindsay how the housing market has become so inhospitable to first home buyers, while veteran Australian economist Saul Eslake describes how government policy has pivoted from encouraging home ownership to propping up prices. And real estate economist Diaswati Mardiasmo lays out the various government schemes to encourage homeownership, and the risks involved.
https://www.bbc.co.uk/sounds/play/p09ylg68
The supply chain's weak link
Business Daily
How disruption in a single port, factory or freight centre can cause global chaos. Ed Butler speaks with Stavros Karamperidis, an expert in maritime economics at the University of Plymouth, and Kent Jones, professor of economics at Babson College in the US. Meanwhile, chief economist at Enodo Economics, Diana Choyleva, explains how China's energy crisis will impact exports and the price we pay for goods, and Professor Marc Busch from Georgetown University explains why he thinks governments should leave big businesses to solve supply issues themselves.
https://www.bbc.co.uk/programmes/w3ct1j9w
Is the American Christmas time shopping bonanza under threat? US President Joe Biden has announced that the port of Los Angeles will be working extra hours to try to overcome supply chain problems in the run up to the festive season.
Hurricane Pamela has hit the west coast of Mexico. We'll have the latest on its impact
And William Shatner - who's 90 and most famous as the Star Trek character Captain Kirk - reflects on the experience of a real life journey into space.
https://www.bbc.co.uk/programmes/w172xv2wgpk7jkt
Claims that Russia is using the high gas price as a political weapon are "drivel", according to President Vladimir Putin. His comments come as there is intense focus on the energy markets. Energy prices in the UK, Europe and Asia have hit record highs in recent weeks triggering inflation concerns. The International Energy Agency says that targets to limit global warming are in very real danger of not being met. Their chief energy economist Tim Gould explains what's going wrong and we get reaction from Simon Harrison, head of strategy at consultancy Mott MacDonald, which advises governments and businesses on how to move to cleaner energy sources. Also in the programme, China's banning of Bitcoin mining has prompted what some have called the great mining migration. Alex De Vries, who runs the Digieconomist blog, explains where the miners are going and how much energy are they consuming. Plus, the BBC's Frey Lindsay reports on what's being called a housing affordability crisis in Australia, where the cost of buying a home has risen sharply relative to what people earn. And our regular commentator Stephanie Hare makes the case for actively using our senses to transform our experience of the world of work.
All this and more discussed with our two guests throughout the show: in Taiwan, Samson Ellis, Taipei bureau chief for Bloomberg News and Takara Small, technology reporter for CBC News in Toronto, Canada
https://www.bbc.co.uk/programmes/w172xvql360qbw8
95p well gone and support of £1, well in place what with pog...£1.05 short term next stop - roll on £1.20
BOOM!
Would be great to see Liberum update their pathetic price target and for the mining analyst to be named.
Hi Tibbs
How I wish I had your certainty on what the BBC has to offer . Also the parlous situation that capitalism has had on the working man's life prospects. Almost makes you wish to emigrate to North Korea , Beijing . Venezuela , or Beijing.
But of course their population troubles are entirely due to the fed , global banks , market philosophy and oppression from fraudulent market forces. Oh dear
The very kindest regards (sincerely meant)
Bob