mongombolo
Re; "...Let's hope history repeats....."
I agree as this relates to the price rally but let's not forget what the RBA did, Greenspan, the change of govt & the introduction of cfds by the ASX in early November - no repeat of those things, pretty please!
For the record, July 10 2007 was a rates watershed & we sustained RBA body blows on Aug8 2007, Nov7 2007, Feb6 2008 & Mar5 2008. Since May8 2002 our RBA increased rates a total of 3%!
IMO the worldwide loss of asset values equates to deflation - decreased house prices, decreased share prices, decreased etc. IMO the inflation associated with debt costs is directly attributable to our RBA's decisions whereas that associated with oil, electricity, food etc. has been largely unaffected by rate increases.
Great to see BHP powering to +6.55% atm in London - "Go Baby, don't let those bears catch their breath!"
4YIO - NFA
mongomboloRe; "...Let's hope history repeats....."I agree as...
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Last
$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B | |||
| Open | High | Low | Value | Volume |
| $42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13572 | $42.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.70 | 457 | 1 |
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| BHP (ASX) Chart |