Done. Thanks A

FormulaNova said...

Come on! I don't mind the attempt to start a recession, but of my god, spell it correctly

I didn't have time to get my spell checker out, I bought a whole lot of BHP shares yesterday. I thought I was getting quite good at catching falling knives, but I was wrong.

I thought there would be one of those dead cat bounces - but it didn't happen.

Just what we need ..... MORE pessimism


Is there no posative thinkers out there?

In the flick of an eyelid, my dreams have evaporated.

How am I going to pay for all those Voice chairs that I bought in China? That f'ck off Massaratti that I saw on carsales.com.au for $40K is looking more and more like a distant dream.

I don't think I can cope driving a Nissan Stanza at 50. I may even have to pull my kids out of private schools!

I thought we were in a mining BOOM!

ockanui said...

Just reading about the massive 32billion share slide/ selloff in the share gambling industry, for every seller a buyer looms to pounce, so is the reporting biased should it not be a massive buying spree by gambler/ investors. So is the cup half empty of half full, negativity and paranoia sells newspapers

I've been watching the economy for about 10 years and I don't think I'm any the wiser to understanding it. I'd like to think I've got wiser, but the reality is I've got no idea where we are heading.

My gut feeling is that property values in Australia is in big bubble and we will see a major correction in the next two years.

adolf said...

ockanui said...

.

My gut feeling is that property values in Australia is in big bubble and we will see a major correction in the next two years.

How you figure that?
People bidding to get a rent deal, which for a great number is getting out of reach for a rent property Housing industry not being encouraged to promote any new incentives to build, and industry cant build that fast, no matter how good they are. Don't believe you are on the same page with that prediction.

Unrelated to the current slide, I asked my portfolio manager to liquidate my shares last week to put my family in a house surrounded by garden, but he said it'll take a week or two to happen.... How much will I lose? I should have just put my coin in the bank. Or silver. Or platinum.

uncensored has been calling this with timeline accuracy for years, but hey its all conspiracy right..?

I am picking up some cow **** and veggie seeds tomorrow.

I remember the people boasting about how there property had just gained $40.000 in value now are selling at a complete loss.

adolf said...

My gut feeling is that property values in Australia is in big bubble and we will see a major correction in the next two years.

Your gut feeling Sure. Watch the ABC news regularly and you'll know Alan Kohler has been talking about this for a long time.

We live in a bubble, the work associated with the feasibilities and design and construct of the Pilbara iron ore will slow. The slowing of the iron ore may be offset by the growing gas boom... Who knows... Easy to guess... A nuclear free Japan is an interesting prospect - and still needs loads of energy.

The real interesting thing at the moment is the motivation behind comments from two big miners around expansion and the Australian investment climate... Looks like an interesting arm wrestle between government and industry...

Damn - I'll have to sell my white arse to the rich old girls in Toorak , Peppy Grove , The Rocks & Robina a bit earlier than I envisioned

Can see property prices continuing to drop in value by at least another 50 percent soon.

If the ptb create a deflationary GFC, then it's going to be more severe than an inflationary GFC.

Being a million dollars in debt in an inflationary GFC is actually not that bad. In a deflationary GFC, contracting of the money supply, money is much harder to come by, so paying back the mortgage would become near impossible.

Cash is king in a deflationary period.

And absolutely no debt.

As for silver/gold, have come to the conclusion the markets are rigged [plunge protection team],so while i believe the real value of silver is greater than $30 an ounce,believe they are going to pop this too.

Skid said...

FormulaNova said...

adolf said...

Just like I predicted a few months ago.

The mother of all recessions is finally taking a second bite - and there is little you can do about it, unless you act quickly.

Sell your house, sell your family sell your children and buy physical silver.

That's my tip - you can thank Adolpy later.

Come on! I don't mind the attempt to start a recession, but of oh my god, spell it correctly

Fixed that for you

I'm going to blame my keyboard! Someone obviously stole the h key and replaced it with the f and then chaged it back...

edit: and now they stole the n key!

petermac33 said...

Can see property prices continuing to drop in value by at least another 50 percent soon.


As for silver/gold, have come to the conclusion the markets are rigged [plunge protection team],so while i believe the real value of silver is greater than $30 an ounce,believe they are going to pop this too.

Agreed. We have the highest ratio of household income to debt in the world which now runs at a whopping 160% up from 50% 20 years ago.
Totally not sustainable.Hard to put a time line on that though (without crystal ball).
As for silver... a seasoned trader told me years ago never to make any conclusion about its price/ direction without having tomorrows newspaper today...and even then be careful.Its a beast of a metal.Makes gold trading look like a day at the beach