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Foxbats new prediction; House prices and all assets to come under pressure
Topic Started: 25 Nov 2015, 06:17 PM (59,409 Views)
Strindberg
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foxbat
26 Nov 2015, 03:24 PM
Two things Skamy.

1) everyone sells
2) 40 % in real terms.
Continuing with exposure of dumb bear beliefs.
foxbat
26 Nov 2015, 04:28 PM
Just look at the price of BHP.
Perth house prices rose over 50% in the 18 months following the last time BHP was at its current price. Is that the point you are making?
Edited by Strindberg, 27 Nov 2015, 09:41 AM.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Trojan
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stinkbug
25 Nov 2015, 08:29 PM
Laughing too hard to type at the prediction of 80% drops in value.
Hahaha ... so true
It's like drugs ... you have to keep upping the dosage to get the same effect - predicting 40% crashes no longer does the trick
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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Foxy
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Zero is coming...

Massive
27 Nov 2015, 02:02 AM
Posted Image

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 ?


Posted Image

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...
Thank you for your observation,
you are one of the first to make that note.

Thanks

It is all supply and demand.

And it is never different this time.

Good luck.

Peter
Trojan
27 Nov 2015, 12:30 PM
Hahaha ... so true
It's like drugs ... you have to keep upping the dosage to get the same effect - predicting 40% crashes no longer does the trick
No, now that the 40% drop in real terms is here.

Peter

Remember "real terms".

Peter
Edited by Foxy, 27 Nov 2015, 12:35 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Assumptions
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Quote:
 
No, now that the 40% drop in real terms is here.
Wait till the Bust really takes hold........

I can understand most peoples disbelief at a possible fall in prices of 80% but think of it in thses terms

In relevant terms its only another 20% more than prices fell in Japan..............When the Global Economy was still expanding

Chart 4: Volume of world merchandise exports, 1990-2015a

WTO

This time the Global Economy will be contracting as commodity prices are already showing.

But hey I'm must be crazy!
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skamy
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Jimbo
27 Nov 2015, 05:11 AM
Yes, because there is a worldwide shortage of gas.....
You are not that stupid Jimbo - the contracts are mostly signed and sealed years ago.
foxbat
27 Nov 2015, 12:34 PM
Thank you for your observation,
you are one of the first to make that note.

Thanks

It is all supply and demand.

And it is never different this time.

Good luck.

Peter

No, now that the 40% drop in real terms is here.

Peter

Remember "real terms".

Peter
The chart is not appropriate for this situation as we are not discussing a market trend we are discussing a one off huge investment in this county's future with occurred in the middle of a very very long period of growth in business investment that has every intention of continuing in its usual upward manner.

All the reports are upbeat moving on into the less dramatic more sustainable growth in business investment in this country. If you bears ever cared to read beyond the headlines you would know this.
Edited by skamy, 27 Nov 2015, 06:10 PM.
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.
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Terry
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Massive
27 Nov 2015, 02:02 AM
Posted Image

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 ?


Posted Image

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...
Gotta love that 2nd graph. Right up there with those posted by the puppet master and its guises.
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Strindberg
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Terry
27 Nov 2015, 06:26 PM
Gotta love that 2nd graph. Right up there with those posted by the puppet master and its guises.
...you mean the joke one that gullible fool rastus2 took seriously and which Shadow edited, causing rastus to call Shadow a liar in multiple posts on multiple threads?
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Foxy
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Zero is coming...

http://www.whocrashedtheeconomy.com.au/blog/2015/11/oops-banks-find-50bn-of-investor-mortgages-under-the-carpet/
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Terry
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Strindberg
27 Nov 2015, 07:24 PM
...you mean the joke one that gullible fool rastus2 took seriously and which Shadow edited, causing rastus to call Shadow a liar in multiple posts on multiple threads?
You mean the props for the troll repertoire?
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Jimbo
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skamy
27 Nov 2015, 06:05 PM
You are not that stupid Jimbo - the contracts are mostly signed and sealed years ago.
Contracts may well have been signed but 6000 on site workers during construction will be replaced by a max 350 on site during production.

Not forgetting the many, many thousands of off site workers involved during the construction phase that will no longer be needed.

Your daughter being one of them?

Edited by Jimbo, 28 Nov 2015, 08:00 AM.
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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