Jimbo I go over and over the same things with you. Business investment was inflated by the huge Capex spends in Gas and mining, these projects will pay dividends in the future and you know it. Bloomberg are just reporting that the spending on huge new mines and gas facilities is winding down. How on earth you get from there to thinking we are headed for a major recession with massive a house price crash? That is where the drama queens come in.
Business investment has dropped but it is still much higher than it was back in 2007 when Perth house prices stopped growing. The mistake you bears make is believing that just because a massive investment in this countries future is completing and moving into the real money making part of the cycle - you think the end of the world is nigh.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Prices are sticky Elastic especially in a rich city like Perth.
People are not stretched they have the lowest housing purchase costs to income in the country. WA is still making money, iron ore export volumes are huge and soon the gas will start to flow. WA will get much more of its own GST back. WA is still growing at 3.5% for heavens sake, we are way way off any kind of recession - the bears are totally mad in the head expecting this economy to crash.
They have their head stuck in the doom and gloom sold by snake oil salesmen and they cannot see reality.
Skamy, I'm in Perth, I'm driving around, and it looks like Spain out there pre GFC.
To give Matty credit, the outskirts are going crazy, and they are going to get crushed.
I still think the inner will be hurt too. Matty differs but that's by the by.
But the outskirts are toast.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
I can't help but think of this scene every time I read one of Skamy's posts.
Do you always tell the same silly jokes over and over in real life.
You bears are the ones sucked into a fantasy of cheap houses and you keep losing out. You call crash after crash despite losing all your limbs as prices rise or fall by only tiny amounts. Still you go on with your desperate refrains "this time for real house prices will crash really they will etc etc"
We bulls are just fine with our buy and hold strategies, we are all set up when the economy recovers and it will recover. We are also saving years of rent money, my daughters mortgage with be over and done with years before these silly bears, why? because they were fooled by a silly story that they would gt a cheap house if only the waited for all the homeowners to lose their jobs.
Veritas
26 Nov 2015, 07:54 PM
It might be easier if Skamy just gave us a list of sources that are not part of the doomster death cult.
If a source talks about property price bubbles, imploding prices, bloodbaths or housing plagues or other such nonsense you an be pretty sure it comes from a doomster cult blog.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
we are all set up when the economy recovers and it will recover.
So wheres the economy then as I thought this were going strongly Seems like every news article they print is talking down the state of things or am i missing something
Jimbo I go over and over the same things with you. Business investment was inflated by the huge Capex spends in Gas and mining, these projects will pay dividends in the future and you know it. Bloomberg are just reporting that the spending on huge new mines and gas facilities is winding down. How on earth you get from there to thinking we are headed for a major recession with massive a house price crash? That is where the drama queens come in.
Business investment has dropped but it is still much higher than it was back in 2007 when Perth house prices stopped growing. The mistake you bears make is believing that just because a massive investment in this countries future is completing and moving into the real money making part of the cycle - you think the end of the world is nigh.
Puppet master seems to have been quite active frantically scouring the internet for free resources for its socks to pin on the wall. At least they kind of make sense within the context of the media source.
Of course, an analyst will look at this completely differently at probably explore the rapid increase in capex followed by a precipitous fall. Of course, that is the interesting stuff, not whether Point A is higher than Point B. But I guess that the extent of the puppet master's analytical skills.
So wheres the economy then as I thought this were going strongly Seems like every news article they print is talking down the state of things or am i missing something
The reports such as the NAB one are saying we might get to 2% growth from the current 3.5% growth until the gas starts to flow then growth will increase again.
And they are saying we may see a short term unemployment spike to 6.5%.
The drama queens over at MB sell this to people like Veritas as expectations of years of recession and huge property price crashes and no jobs anywhere for anyone.
The NAB report actually prints a graph showing expectations of house price rises.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
well, for all of those who base their investments on charts and cycles - anyone posting this chart will pray it doesnt level off right now.. as if it does, thats classic head and shoulder formation...
whats that you say ?
hint... when everyone was bagging mustapha mond/ foxbat when he made the early claim that iron ore would get back to $40-$60 range. However a quick look at the chart said it would happen and happen quickly .. and it did... got the standard "but its a commodity, its different" and yet... its now at $40...
The reports such as the NAB one are saying we might get to 2% growth from the current 3.5% growth until the gas starts to flow then growth will increase again.
Yes, because there is a worldwide shortage of gas.....
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be rising.
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