Imagine if you got an all-star team from this forum--The Shadow, Strindberg, Sydneyite, The BB, Peter Fraser--and started a Not Macrobusiness blog. They would run rings around the doom and gloomers and probably make a fortune out of their blog if they sold subscriptions. I think you could probably rope Terry Ryder and Dr Andrew in for the occasional opinion piece. They'd probably overtake MB in traffic within 6 months.
I would say every financial institution in Australia would subscribe for the wisdom.
Emmanuel, don't confuse popularity with credibility.
Of course. MB is not popular nor credible. I would say that it is despised by most people (if they have ever heard of it). We don't need these people spreading their doom and gloom. They prey on the gullible and poison people's minds with their garbage. They have costed people money with all their tales of death and destruction. All this nonsense about the end of the mining boom is criminal. Even Joe Hockey has said it's got another 30 years to run.
Who you going trust? Big Joe or a bunch of no hopers?
Imagine if you got an all-star team from this forum--The Shadow, Strindberg, Sydneyite, The BB, Peter Fraser--and started a Not Macrobusiness blog. They would run rings around the doom and gloomers and probably make a fortune out of their blog if they sold subscriptions. I think you could probably rope Terry Ryder and Dr Andrew in for the occasional opinion piece. They'd probably overtake MB in traffic within 6 months.
I would say every financial institution in Australia would subscribe for the wisdom.
I disagree - no one wants to listen to the words of the sane, they want mystics to lead them to the promised land. From my observations there are only two ways of making money out of "advice"
1. Tell them that you have the secret to untold wealth and that you are prepared to share this secret and help them become very wealthy as long as they pay you a sum of money for you trouble.
Think of this as convincing them that they are "the chosen ones" who will be led to Nirvana as long as they pay a gatekeepers fee. It's pretty easy to get people in with this, there is a large group of people who instinctively "want" to believe this message. they "want to be the chosen ones"
2. The other way is the "fire and brimstone method" where doom and gloom are predicted, your ship will run aground and be broken up on the rocks, except if you listen to us, we have the secret that will allow you safe passage while everyone else flounders, especially the ones who took the advice of (1) above but you will have to pay us to keep you safe from harm.
I think that both methods are very biblical in their origins. People want a spiritual connection and somehow money always gets caught up in spiritual messages. Everyone wants a "spiritual healer" who they can place absolute faith in, someone whose advice can trust absolutely. Many people will pay for that.
Frankly I've been around for too long to get taken in by "spiritual healers" regardless of which method they choose and how much money they promise to make me, or save me. I would rather make my mistakes, I've seen the results of their mistakes.
Good advice often isn't free, we have to pay for the experience, knowledge and wisdom of professionals, but take care in choosing your professionals.
I disagree - no one wants to listen to the words of the sane, they want mystics to lead them to the promised land. From my observations there are only two ways of making money out of "advice"
1. Tell them that you have the secret to untold wealth and that you are prepared to share this secret and help them become very wealthy as long as they pay you a sum of money for you trouble.
Think of this as convincing them that they are "the chosen ones" who will be led to Nirvana as long as they pay a gatekeepers fee. It's pretty easy to get people in with this, there is a large group of people who instinctively "want" to believe this message. they "want to be the chosen ones"
2. The other way is the "fire and brimstone method" where doom and gloom are predicted, your ship will run aground and be broken up on the rocks, except if you listen to us, we have the secret that will allow you safe passage while everyone else flounders, especially the ones who took the advice of (1) above but you will have to pay us to keep you safe from harm.
I think that both methods are very biblical in their origins. People want a spiritual connection and somehow money always gets caught up in spiritual messages. Everyone wants a "spiritual healer" who they can place absolute faith in, someone whose advice can trust absolutely. Many people will pay for that.
Frankly I've been around for too long to get taken in by "spiritual healers" regardless of which method they choose and how much money they promise to make me, or save me. I would rather make my mistakes, I've seen the results of their mistakes.
Good advice often isn't free, we have to pay for the experience, knowledge and wisdom of professionals, but take care in choosing your professionals.
Well said my man. If people could get their heads around this, these imposters at Macrobusiness would be ignored by the few nutcases who take any notice. Personally I would like to take if further and have them arrested and jailed. That's not going to happen so it's up to us to keep up the good fight.
And as for collective knowledge, APF is busting with brilliant minds. And I would include you in that group. Sure, you might not have a blog or whatever, but you tell it like it is, and the whole of Australia with an interest in property is listening. Then we have Shadow, who is probably the Lionel Messi of APF. A inspirational genius who lets the numbers do the talking.
Well of course they have every right to sell their product, but never forget that a product is being sold to you.
I'm amazed that DLS points to others and calls them vested interests, but somehow exclude himself from that criticism. Doesn't that concern you?
What is the product Peter?
And why should I be concerned?
Emmanuel
25 Oct 2014, 12:24 PM
Well said my man. If people could get their heads around this, these imposters at Macrobusiness would be ignored by the few nutcases who take any notice. Personally I would like to take if further and have them arrested and jailed. That's not going to happen so it's up to us to keep up the good fight. <br /><br />And as for collective knowledge, APF is busting with brilliant minds. And I would include you in that group. Sure, you might not have a blog or whatever, but you tell it like it is, and the whole of Australia with an interest in property is listening. Then we have Shadow, who is probably the Lionel Messi of APF. A inspirational genius who lets the numbers do the talking.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
You just prattled on about them selling a product to people who want to buy it on the last page? Did you make that comment not knowing if they had a product to sell or not?
I should be obvious why you should be concerned about people who are 2 faced giving you advice.
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