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Australia's house prices driving manufacturing sector off the cliff; It's not just the scalps of Holden and Ford over priced real estate has claimed
Topic Started: 12 Dec 2013, 05:01 PM (2,403 Views)
Timo
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Rampant speculation and general stupidity driving house prices also driving the demise of real contributors to the economy, such as manufacturing.

Chart below spells out just how devastating cost of business in Australia has become, in no small part driven by wages servicing some of the worlds most over priced real estate.

When did Australians become so generally stupid, greedy and lacking any general insight? We genuinely believe, despite all evidence to the contrary, that we are untouchable and immune to economic shocks......

http://www.pursuitofhappiness.com.au/DR20130905a.jpg

After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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themoops
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Timo
12 Dec 2013, 05:01 PM


When did Australians become so generally stupid, greedy and lacking any general insight? We genuinely believe, despite all evidence to the contrary, that we are untouchable and immune to economic shocks......



It all started under this bloke.

Posted Image

Also the internet gave the deranged vocal minority left a lot more power I suppose.

Holden going is probably good news for bears Timo.

stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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mel
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The irony of our current system is that when the SHTF house prices go up. Look at what happened during the GFC. This will happen until we are damn close to 0%. It's not all bad though, with new experimental hormones our governments will sedate us with fine food and fine women. Not the least of which will be the worlds largest KFCE, or Kentucky Fried Cage Egg. You can thank Zaph for that by the way.
themoops
12 Dec 2013, 05:06 PM
It all started under this bloke.

Posted Image

Also the internet gave the deranged vocal minority left a lot more power I suppose.

Holden going is probably good news for bears Timo.
Good call.
Edited by mel, 12 Dec 2013, 05:08 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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Timo
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themoops
12 Dec 2013, 05:06 PM
It all started under this bloke.

Posted Image

Also the internet gave the deranged vocal minority left a lot more power I suppose.

Holden going is probably good news for bears Timo.
Well it's a clear sign of things to come, and how unemployment will continue to rise as we replace the mining boom with ......... Well hope and a prayer!
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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goldbug
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We are going to have a nation full of unemployed people who are inconvieniently saddled with 1.7 Trillion dollars of debt to repay. Nothing unusual here though. Depressions always begin after the global economy reaches debt saturation.
Shadow was hopelessly wrong about the Gold Bull Market.
What else is he wrong about?
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Pig Iron
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Bogan scum

goldbug
12 Dec 2013, 08:58 PM
We are going to have a nation full of unemployed people who are inconvieniently saddled with 1.7 Trillion dollars of debt to repay. Nothing unusual here though. Depressions always begin after the global economy reaches debt saturation.
so when this doesn't occur, what puppet do you plan to come back as?
I am the love child of Tony Abbott and Pauline Hanson
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stinkbug
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We'll all be rooned, said Hanrahan, before the year is out!
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Timo
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Pig Iron
12 Dec 2013, 10:48 PM
so when this doesn't occur, what puppet do you plan to come back as?
Which sand box of negative equity have you got your head in today? Perhaps a litterbox based on how much shits coming from your most useless orifice....
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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Pig Iron
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Bogan scum

Timo
13 Dec 2013, 08:07 PM
Which sand box of negative equity have you got your head in today? Perhaps a litterbox based on how much shits coming from your most useless orifice....
i'm still open to that bet timo. $100 to charity and the promise of leaving the forum in shame.

if the crash is so inevitable how can you lose?
I am the love child of Tony Abbott and Pauline Hanson
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Timo
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Pig Iron
13 Dec 2013, 08:10 PM
i'm still open to that bet timo. $100 to charity and the promise of leaving the forum in shame.

if the crash is so inevitable how can you lose?
Why bother? You should have left here in shame already. How'd the repossession go?
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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