cobran20

The AK Thread

1484 posts in this topic

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No wonder Rick Hart is jumping ship.

Myers & David Jones - overpriced crap, designer goods are so much cheaper online from US, etc. You can get an Ermenegildo Zegna suit for what, $600 USD online, compared to $1500 AUD from David Jones.

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No wonder Rick Hart is jumping ship.

Myers & David Jones - overpriced crap, designer goods are so much cheaper online from US, etc. You can get an Ermenegildo Zegna suit for what, $600 USD online, compared to $1500 AUD from David Jones.

Going on an IPOD style index that would suggest our currency is overpriced.

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You can get lots of new clothes from ebay/online stores for considerably less than you can get locally, even factoring in shipping. Especially shoes, which if you have a shoe fetish can really add up (we know someone with a shoe fetish, he's branched into importing and reselling and actually making them - handy to know). Says a lot for the marking up of goods in this country more than the value of currency.

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You can get lots of new clothes from ebay/online stores for considerably less than you can get locally, even factoring in shipping. Especially shoes, which if you have a shoe fetish can really add up (we know someone with a shoe fetish, he's branched into importing and reselling and actually making them - handy to know). Says a lot for the marking up of goods in this country more than the value of currency.

if only cars where as easy to order over the net as shoes. basically paying over doulbe for LOTUS ELISE here, for no other reason that it competes with locaL BUILT sports cars... :/

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So imports go to the moon and exports collapse and lots of money is borrowed to pay for it.

And Business confidence soars on that? Obviously business today is just another consumer and not a producer.

And this can go on forever, we can all just print money for a living?

We don't need that sort of business, pull the plug on it.

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And this can go on forever, we can all just print money for a living?

We can all quit our jobs, and then spend all day at the beach surfing on the surfboards that nobody makes, and eating lunch that nobody grows at the local cafe that nobody runs. Don't you get it Wulfgar? All we need is for the government to support aggregate demand through stimulus and everything will be alright.

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Is AK turning into a gold bull, suggesting that the ASX/Gold ratio might head back to 1:1?

When, not if, the gold/ASX ratio gets close to 1:1, I'll be selling most of my gold to buy whatever seems cheap in the industrials on the ASX. :D

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.

I liked his comment about somehow missing the dubai bailout as a cause for the spike.

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