You don't seem to get it that western economies have finally run their course.
You dont seem to understand that pushing debt to unsustainable levels through any means possible over many decades is simply taking money away from the overalll economy for much longer periods of time. . You don't seem to understand that the gfc has surfaced because debt has become unsustainable.
You dont seem to understand the great depression surfaced for the very same reasons.
You don't seem to understand the debt levels of today make the great depression look like a walk in the park.
You don't seem to understand that the US economy is not really improving even though interest rates will have been at zero for almost six years now, owing another 10 trillion on top of the 8 trillion they owed in 2008 for which they already could not pay.
You dont seem to understand, that we did not have to deal with dirt cheap asain labour prior to this decade, not on any scale we do now.
And you do not understand that is why all jobs are dissapearing overseas or altogether, and that with our wages being so high, our jobs will just keep dissapearing. Understand this comment more than anything, if you want to argue, argue this with me and don't run away or divert
Look at rents there I posted earlier in that bull thread link. Smashed, like never before, but all normal , according to you. The new normal
Discuss my wages comment and don't run away
Rubbish. You are taking a deliberately pessimistic view, and the reality is the boring middle ground.
And what wages comment?
John Frum
24 Aug 2014, 10:27 PM
I think you're missing the point.
There are macro factors at play in the housing market that have distorted prices across the board and causing a chronic misallocation of capital.
The performance of individual investors such as yourself aren't important in this regard.
Interesting comment. I definitely agree that the performance of individuals aren't important in the macro, but I'm not convinced we're as far down the path of capital misallocation as I think you believe we are. Our house prices have not risen anywhere near as much as some other countries'.
Rubbish. You are taking a deliberately pessimistic view, and the reality is the boring middle ground.
And what wages comment? Interesting comment. I definitely agree that the performance of individuals aren't important in the macro, but I'm not convinced we're as far down the path of capital misallocation as I think you believe we are. Our house prices have not risen anywhere near as much as some other countries'.
Rubbish alright stinky. I am taking a realistic view based on the clear evidence of the points mentioned before.
My wages comment of our high wages, the highest in the world and the cheap Asian labour that has grown in a huge way over the last decade or so, the reason we are noe losing our jobs. What will stop that stinky , and we have never had to face the major hurdle in other time in history on a scale like this, not even close.
So the wages issue is, ours are too high and as a result our jobs are dissapearing overseas or altogether. How can we deal with, compete with this, address this and stop this from continuing stinky ? Enlighten me.
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