Comments on: Australia’s Capital Crisis and its Chinese Future http://www.dailyreckoning.com.au/australias-capital-crisis-and-its-chinese-future/2009/04/17/ An independent perspective on the Australian and global investment markets Wed, 10 Mar 2010 07:43:40 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Rudderless clueless http://www.dailyreckoning.com.au/australias-capital-crisis-and-its-chinese-future/2009/04/17/comment-page-1/#comment-74794 Rudderless clueless Sun, 19 Apr 2009 13:19:43 +0000 http://www.dailyreckoning.com.au/?p=5680#comment-74794 Here is a great link Dan, I really enjoy your writings and site. http://www.youtube.com/watch?v=tfa_SNkDCCI This is a very clean and dynamic representation of the amount america is spending. Kind regards, Here is a great link Dan, I really enjoy your writings and site.

http://www.youtube.com/watch?v=tfa_SNkDCCI

This is a very clean and dynamic representation of the amount america is spending.

Kind regards,

]]> By: Ned S http://www.dailyreckoning.com.au/australias-capital-crisis-and-its-chinese-future/2009/04/17/comment-page-1/#comment-74674 Ned S Sat, 18 Apr 2009 11:33:19 +0000 http://www.dailyreckoning.com.au/?p=5680#comment-74674 Joe - One more - If my take on it is right Mr Rudd reckons Autralia's soltion to the GFC is to put some Pink Batts in rooves. And Mr Turnbull's opinion is that we just might be putting a few more Pink Batts in rooves than are really required. (An overly simplistic and shallow and cynical analysis of their positions - But accurate "enough" in a very basic fundamental sort of way.) Because comparing that to China; Their policymakers think that it is a good idea to sign up 30 year contracts with Russia for long term guarenteed cheap oil supplies. And to buy big chunks of Oz resource companies that will see them sitting pretty for coal and iron ore supplies to make steel out of for maybe 50 years? Plus buy some copper suppliers and some good agricultural land outside of China. ETC, ETC, ETC presumably? There is a truly amazing disparity here - Oz policymakers think in terms of 2 years. Chinese policymakers think in terms of 30 or even 50 years. Sweet Jesus preserve us! (As they say.) I know that under democracy people get the government they deserve. And I know we've been bad - But I just don't think we've been at all bad enough to deserve either Rudd or Turnbull??? Surely there must be at least one person in Oz who genuinely cares enough about the country and its future to think beyond their next election date. And who ALSO has enough savvy to figure out that as a nation we should at least be trying to think in terms of several decades rather than several years??? ENOUGH FROM ME - I've got to "retire" from DR for at least a week and go and try and make some money ... Things are definitely a bit tight out in the real world as I think some of us have realised. SMILE! Joe - One more - If my take on it is right Mr Rudd reckons Autralia's soltion to the GFC is to put some Pink Batts in rooves. And Mr Turnbull's opinion is that we just might be putting a few more Pink Batts in rooves than are really required. (An overly simplistic and shallow and cynical analysis of their positions - But accurate "enough" in a very basic fundamental sort of way.)
Because comparing that to China; Their policymakers think that it is a good idea to sign up 30 year contracts with Russia for long term guarenteed cheap oil supplies. And to buy big chunks of Oz resource companies that will see them sitting pretty for coal and iron ore supplies to make steel out of for maybe 50 years? Plus buy some copper suppliers and some good agricultural land outside of China. ETC, ETC, ETC presumably?
There is a truly amazing disparity here - Oz policymakers think in terms of 2 years. Chinese policymakers think in terms of 30 or even 50 years.
Sweet Jesus preserve us! (As they say.) I know that under democracy people get the government they deserve. And I know we've been bad - But I just don't think we've been at all bad enough to deserve either Rudd or Turnbull???
Surely there must be at least one person in Oz who genuinely cares enough about the country and its future to think beyond their next election date. And who ALSO has enough savvy to figure out that as a nation we should at least be trying to think in terms of several decades rather than several years???
ENOUGH FROM ME - I've got to "retire" from DR for at least a week and go and try and make some money ... Things are definitely a bit tight out in the real world as I think some of us have realised.
SMILE!

]]> By: Ned S http://www.dailyreckoning.com.au/australias-capital-crisis-and-its-chinese-future/2009/04/17/comment-page-1/#comment-74633 Ned S Sat, 18 Apr 2009 04:26:56 +0000 http://www.dailyreckoning.com.au/?p=5680#comment-74633 Joe - Yes, the article looks pretty spot on to me. Unfortunately. It would seem we just might have been rather silly billies to squander our boom year opportunities on lots of bigger and nicer houses, or bigger and nicer TV screens, or whatever other bigger and nicer things were within our particular personal credit limits. It's a worry that Australian's are still wracking up more credit card debt though? Wonder if that means that they think everything is good or that things are so bad that they have to? Me - I've gone for living within my means. But it is not easy! It is good news that we can sell off bits of the farm to the cashed up Chinese though. But while we are buying time doing that, I'd like to see Mr Rudd and co putting together a long term plan for maybe rebuilding some viable export industries apart from natural resources. Just saying we can't compete doesn't sound like a very good answer. I reckon we should be asking what changes we to make to be able to compete. And maybe looking at capitalising on a few of our natural advantages. We do have lots of land that we can produce food on if we can get water to it maybe? And I've never for the life of me been able to figure why we send all our coal and iron ore overseas and let someone else turn it into steel? Surely we are clever enough to do that ourselves? Or is it simply that our labour costs are too high for us to compete? Honestly dunno - But I do reckon we have a right to expect people who reckon they are clever enough to lead us and who have access to lots more info than us to be thinking about it and presenting us with some possible options. And this last one will undoubtedly wind a few people up but one of our natural advantages is that as a nation, we are nowhere near "full" yet - So bring in the immigrants - The smart hard working cashed up ones I mean (providing they aren't real full on absolute fundamentalist Jihad types perhaps???) - Sure it was nice as a boy to walk along maybe half a mile or so of beach and be the only one there. But there are a few luxuries we just obviously can't afford anymore. And if existing Aussies are terrified about not being able to compete with "them", then we just might have to think about what we need to do to make ourselves more competitive on an individual basis as well as on a national one. Joe - Yes, the article looks pretty spot on to me. Unfortunately. It would seem we just might have been rather silly billies to squander our boom year opportunities on lots of bigger and nicer houses, or bigger and nicer TV screens, or whatever other bigger and nicer things were within our particular personal credit limits. It's a worry that Australian's are still wracking up more credit card debt though? Wonder if that means that they think everything is good or that things are so bad that they have to? Me - I've gone for living within my means. But it is not easy! It is good news that we can sell off bits of the farm to the cashed up Chinese though. But while we are buying time doing that, I'd like to see Mr Rudd and co putting together a long term plan for maybe rebuilding some viable export industries apart from natural resources. Just saying we can't compete doesn't sound like a very good answer. I reckon we should be asking what changes we to make to be able to compete. And maybe looking at capitalising on a few of our natural advantages. We do have lots of land that we can produce food on if we can get water to it maybe? And I've never for the life of me been able to figure why we send all our coal and iron ore overseas and let someone else turn it into steel? Surely we are clever enough to do that ourselves? Or is it simply that our labour costs are too high for us to compete? Honestly dunno - But I do reckon we have a right to expect people who reckon they are clever enough to lead us and who have access to lots more info than us to be thinking about it and presenting us with some possible options. And this last one will undoubtedly wind a few people up but one of our natural advantages is that as a nation, we are nowhere near "full" yet - So bring in the immigrants - The smart hard working cashed up ones I mean (providing they aren't real full on absolute fundamentalist Jihad types perhaps???) - Sure it was nice as a boy to walk along maybe half a mile or so of beach and be the only one there. But there are a few luxuries we just obviously can't afford anymore. And if existing Aussies are terrified about not being able to compete with "them", then we just might have to think about what we need to do to make ourselves more competitive on an individual basis as well as on a national one.

]]> By: Joe http://www.dailyreckoning.com.au/australias-capital-crisis-and-its-chinese-future/2009/04/17/comment-page-1/#comment-74622 Joe Sat, 18 Apr 2009 02:13:13 +0000 http://www.dailyreckoning.com.au/?p=5680#comment-74622 Queue Ned S. Queue Ned S.

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