mondayitis, page-62

"Treggs is right the clock doesn't work very well particularly with this current supercycle"

actually the clock worked very well
2 falling share prices
3 falling commodity prices

remember the big drop in commodity prices we had last year
it resulted in companies like OZL almost going down the toilet

then we had
4 falling reserves
I assume these are reserves held by the RBA
there is graph in that pack that shows that
5 tighter money
remember when foreign banks started pulling funds out of australia and cba and the like stopped refinancing

6 falling real estate values

didnt happen
why?
don't know

7 falling interest rates- the cash rate fell from 7% to 3%
they have since gone back up to 3.75%
8 rising share prices
sure we have that as well
shares have gone up about 50% in the last nine months

9 rising commodity prices
????
well that graph i just put up shows that commodity prices are on the way up
this is just beginning folks

all up the only thing that doesn't fit into the clock is real estate prices