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We are anticipating a massive GFC by mid next year
Topic Started: 8 Sep 2015, 05:09 PM (3,705 Views)
Andrew Judd
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lulldapull
8 Sep 2015, 01:19 AM
grandpa judd don't worry.........we are anticipating a massive GFC by mid next year.

It will wipe the slate clean so we can all start fresh again.

The event is inevitable..........just too much bad debt and over supply linked business and speculation. Pretty simple.

Dead wood must removed.


:z:
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newjez
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Andrew Judd
8 Sep 2015, 05:09 PM


:z:
Well I expect a few bumps when US and UK raises rate. I expect some sort of mini Asian GFC.

Enough to take some shelter and look for opportunity.

I expect Australia to get a rough ride in 2016.

Oil prices will be an interesting factor.

But I'm not expecting the end of the world or another full blown GFC.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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lulldapull
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A UK source on global house price crash....roundup:

http://truepublica.org.uk/united-kingdom/the-2015-global-house-price-crash-accelerates/

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I don't believe Real Estate Prices in Australia will crash.
Specifically I don't believe Sydney and Melbourne prices will crash. There is nothing to suggest that they will as interest rates will stay low for a long time to come (RBA cash rate below 3% over the next 3 years)
2016 will be a steady year for these two cities with prices moderating at 4-5% growth on average.
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newjez
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lulldapull
8 Sep 2015, 06:05 PM
I would question the accuracy of this. Can't see 10% falls in London.

http://www.theguardian.com/money/2015/sep/07/prime-london-house-price-rises-slow-down


Things have slowed down in London, as you would expect with the strong pound and tax changes. Just as well as it was getting silly. My little village is still booming as we follow London/Brighton markets.

Thinking of selling and buying a couple of projects. Probably about the right time. There is still opportunity, but it's hard to find. I'll need to be in cash as the competition is intense.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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The Whole Truth
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You have to ask yourself the question, what caused the last GFC? Was it just because a few US hedge funds and an insurance company went under because some subprime loans under-performed? If that's the case then another GFC is on the cards any day considering the turmoil we have seen of late.

No one saw the GFC coming except the Bears who were early in their calls (giving you time to get safe)
No one will see the next one before it arrives either.
All I hear from the bull camp is hopeium, nothing fundamental as to why it wont happen.
I interpret this as, "It won't be bad next year because I have too much debt to repay"

Face the truth. The whole western economy has grown weaker since the GFC and now China has rolled over.
Nothing was fixed 7 years ago, it was just delayed.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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Andrew Judd
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The Whole Truth
8 Sep 2015, 09:30 PM
No one saw the GFC coming except the Bears
No. They saw something coming that they know is still coming.

Bit of a difference.

A fair number of the rest of us will just live out our lives and take opportunities as they present them to us without that sort of overly neurotic way of living.
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The Whole Truth
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You are wrong, the bears saw the GFC coming and a lot went out of shares in their super and others bought gold which has been a great play.
We bears just cruse along now, when the markets tank like they began to last week it means nothing to us but the likes of you must have been consumed with fear, so consumed in fact that you couldn't even come on this forum and discuss it.

Where have all the Bulls been for the last week eh? You're only coming out of hiding now the US has had a 3 day weekend.
Did you even know it was a long weekend over there? Or did you just assume the markets are all fixed now :lol
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
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lulldapull
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Surely this grandpa fuckin Judd, he can't be that stupid? can he? :lol

If a total crash has occurred three fucking times in my living memory.........now is that too far fetched an event to contemplate again?

Surely we're not imagining a close encounter of the fifth kind here are we grandpa? Where the alien bends you over, while you're in the flying saucer?
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Andrew Judd
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lulldapull
8 Sep 2015, 09:55 PM
Surely this grandpa fuckin Judd, he can't be that stupid? can he? :lol

If a total crash has occurred three fucking times in my living memory.........now is that too far fetched an event to contemplate again?

Surely we're not imagining a close encounter of the fifth kind here are we grandpa? Where the alien bends you over, while you're in the flying saucer?
What we are imagining here is a GFC next year where the slate will be wiped clean and you can start again.

While also imagining that is not going to happen next year and you will look totally daft.

total crash three times in your lifetime??

Hey we are imagining the big one here when the slate is wiped clean.

Meanwhile try to focus a bit and stop thinking of my bottom for a while.

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