Australian sub prime mortgage market.

Geez, I'd better watch what I say in this post whoring catch up attempt of mine. xx (for Tiki not for you you ugly b)

 

3" diameter mediterranean salami

 

The Ferrari of salamis.....when only the best will do.

 

on tiki , i heard the contiki story on monday from the founder , a great one .

 

where is he ?

 

Well maybe not. Their mentality comes from living through real recession, widespread poverty and sometimes war. Who's to say that won't happen again?

 

yup..they dont like taking unnecessary risks.

many of the wogs arrived here with one shoe and an empty suitcase....high risk ventures scare them, they know what its like to have nothing

BHP set to announce Aust's largest ever profit of $16.9 billion.....as reported in the Fin Review

plus...does anyone know much about MIS...WA iron ore co...

 

Spot on. It's perhaps unlikely to happen in our lifetimes for Aus/Euro born people but there's plenty of immigrants from northern Africa, Middle East, throughout Asia, who are arriving and know only abject poverty and war - they're not going to change their ways overnight and embrace our relatively more hedonistic culture. It'll take generations: I'm thinking about the kids from my old school whose parents were Vietnam refugees; they learnt from their parents who still work very hard, long hours, often menial jobs and live very frugal existences. And there'll always be more immigrants from places of war/poverty.

And what about the generations of Australians living in the low socio-economic communities in each major city - some of the northern/western suburbs of Melbourne etc. New immigrants and the disabled aside, I've always it very hard to understand how generations become stuck in the rut of poverty - it must be due to mindset, not lack of opportunity to become tertiary educated or learn a trade or whatever.

 

Sounds like Pap pumped you full of wisdom drugs....got any more Pap?

 

Whilst a mindset may be applicable to some, there are many who due to several circumstances just don't get the opportunity. Tertiary education ain't cheap these days and with the diminishing availability of apprenticeships, learning a trade isn't easy either.

EDIT: But as Mal said...life wasn't meant to be easy

 

buy some BNB today if you can , it's up over 5% today anyway . they report tomorrow , should send the stock higher .

 

when commsec acct is activated i will be in the position to buy in. not terribly rushed though, i think the volatility will continue for a few more weeks

look at MBL....74.70, where was i at 61.90!?

 

fallout beginning to bite as funders increase margins. Bluestone announce commission cuts and Liberty expected to follow soon. Oh well I'll just have to up my fee's! Customer all pays in the end

 

$100 stock , just like RIO .

 

get some SUN if you can , their result should be a ripper .

 

yep it will climb....and hopefully it will rise and fall for the next few weeks so ill keep an eye out for a lower price and jump in.

long term focus so end of the day im not phased...but lower = better!

 

lol.....stock report brought to you by scud!

we're seeing a whole new side of you.

 

been in it long enough , just no one seemed interested , plus its being going up and up , so not much to talk about . that all changed 2 weeks ago . and you thought i was a dickhead...took one to know one ?

 

wait....i'm confused....are you admitting you're one and you're saying i'm one too, or that you're not one, so i couldn't be either?

 

me too !

 

Gunna give up your day job to share trade full time?

 

Going to gig later that my friendly bank manager invited me to. Saul Eslake will be there, will be intereting to see what his take on the economy is. Hot tips coming later lads....unless I get too pi$$ed.

 

Sold mine today for a small trade from 65 bucks, they will have another pullback soon and another chance to buy in at sub 70

 

yep...with a low of 71.89 today, there isnt far to fall till its sub 70. this time ill be ready!

 

that company should be marched out of the industry IMO.