Oh dear my fellow bears, I truly am thinking we're screwed Brothers :); The baskets are even getting their plan in place to do "QE for The People" 'next time 'round'
Tweet Topic Started: 18 Sep 2015, 08:47 AM (7,766 Views)
Fellow bears aigh, it's odd you use that wording because it implies you consider yourself a bear, which is absurd because you are clearly not.
Given that this post makes you look like a shit stirrer?!
At your core Herb you are a bull and you know it.
I attempt to remain somewhat flexible Chris.
And when My Market tells me I'm wrong, I hear and obey and even just maybe attempt to respond as sensibly as I deem fit at the time given my circumstances Oh My Market who is My Master ...
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
They just aren't at ALL happy to see us have our dodgy debt cleansing destructively creative Minsky Moment it seems?
Ah, the 'inhumanity' of it all ...
Like it or not we live in an economy driven by consumption (spending)
Savers are a drag on the economy and spenders benefit the economy. Housing is such an important part of that spending, governments will do almost anything to maintain that spending. Crashing the housing market is not on their agenda.
China is experiencing a slow down because they are transitioning from a manufacturing economy to a consumption economy. When the Chinese people begin to spend more the world will take off again, especially if that coincides with the USA and Europe also returning to retail therapy. When that happens wages will grow and we will see higher inflation along with higher interest rates. Will those higher rates crash housing and the economy - no because we will also have higher incomes.
Any expressed market opinion is my own and is not to be taken as financial advice
Like it or not we live in an economy driven by consumption (spending)
Savers are a drag on the economy and spenders benefit the economy. Housing is such an important part of that spending, governments will do almost anything to maintain that spending. Crashing the housing market is not on their agenda.
Yes, that sounds like pretty handy stuff for any who just might not have yet realised it to try and get their heads around.
Actually, this is more or less what Steve keen suggested during the dark days of th GFC. The idea was to write off a certain proportion of debt, but also give some cash to those without debt in order to avoid the 'moral hazard' that would come to just forgiving debts.
Personally I think we could do things better in the world, but we have to first and foremost reward those that do productive work. One thing I see from the left, is the desire to equalize everyone's wages by stripping every last dollar off someone who works hard.
China is experiencing a slow down because they are transitioning from a manufacturing economy to a consumption economy. When the Chinese people begin to spend more the world will take off again, especially if that coincides with the USA and Europe also returning to retail therapy.
Fucking naïve to think you can turn $2 a day factory workers into a nation of the consumers overnight.
Consumerism needs billions in investment in advertising to tap into the inner insecurities of people and make them buy shit. You need research, focus groups, airtime, print, media, a whole fucking industry that can't be created overnight, no less run by central government bureaucrats. Creative people need to run this shit.
Consumerism is also sustained by credit cards offers in the mail, installment schemes, leasing schemes, and a whole bunch of credit industry products and services to keep consumers spending beyond their means.
Can't fucking force $2 a day workers or even the regular Chinese middle class to go shopping on a hope, prayer, or commie decree (they would rather day trade).
China won't have a plan B beyond cheap labor for western consumers. Their copycat dream of fostering internal consumption without a corresponding massive investment in advertising, consumer loan industry, etc is naïve, laughable, and pathetic.
They squandered their money investing on computer trading account kiosks instead of billboards and TV ads. They squandered even more capital from stock market speculation instead of fostering aggregate demand for their factories.
China is fucked. They will end up like Russia, but even worse.
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy