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2017 coming; Where is the crash
Topic Started: 9 Oct 2016, 09:41 PM (4,547 Views)
createdby
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Well, doomsters didn't foresee central bank intervention. And when the debt printers themselves intervene with markets, yes that can throw your prediction.

This is big, but if you can't see the implication, picture this:

The Swiss National Bank, the central bank of Switzerland, is one of the biggest stock buyers in the world. It owns a big chunk of Apple.

Now Apple itself, with 200 billion in cash, is basically a hedge fund. It probably has Swiss National Bank stock in its portfolio.

(The Swiss National Bank is publicly listed in the Swiss Stock Exchange SWX:SNBN)

So we have a scenario where Apple has bought SNBN stock and SNBN, a central bank, owns Apple stock.

And add into the mix other central banks like BOJ buying Apple stock. And idiots in Australia who lent Apple bonds so Apple could buy their own stock.

Yes, nothing could go wrong. There's no bubble. Don't buy gold.

Just check how the Swiss National Bank stock rocketed 2x from 1000 to almost 2000 in a space of a year.





Edited by createdby, 10 Oct 2016, 08:37 AM.
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Simon_S
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b_b
10 Oct 2016, 07:17 AM

Higher interest rates will add to my disposable income.
How can It possibly add to Your disposable income if your Interest Repayments are higher?

Edited by Simon_S, 10 Oct 2016, 08:38 AM.
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Rufus
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Simon_S
10 Oct 2016, 08:36 AM
How can It possibly add to Your disposable income if your Interest Repayments are higher?
Please tell me that this is an act, and you aren't really that dumb.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
10 Oct 2016, 09:24 AM
Please tell me that this is an act, and you aren't really that dumb.
What do you mean?

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Trollie
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Simon_S
9 Oct 2016, 09:45 PM
Is there a deadline it has to meet?
Yes, there is. Your ability to earn is limited, the longer you wait the more difficult it will be later.

There isn't a single bear on here who doesn't regret waiting. That fact speaks for itself.
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b_b
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Simon_S
10 Oct 2016, 09:56 AM
What do you mean?
I don’t pay any interest. I own my PPOR without a mortgage and now my savings are accruing into higher cash balances.

I do like the sound of lower food and energy costs. If that is the doomsday scenario, bring it on.
Edited by b_b, 10 Oct 2016, 11:16 AM.
(S – I) + (T - G) + (M - X) = 0
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Simon_S
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Quote:
 
I don’t pay any interest


But how many here do?

Quote:
 
and now my savings are accruing into higher cash balances.


So you needed another investment class to create your retirement income

Funny that.


Trollie
10 Oct 2016, 11:11 AM
Yes, there is. Your ability to earn is limited, the longer you wait the more difficult it will be later.

So after 30 years of sacrifiice and hard work paying off your PPOR it will become more Difficult to create the Income necessary to retire?

Thanks for that.

That must be why b_b started so early.

Edited by Simon_S, 10 Oct 2016, 12:07 PM.
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b_b
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Quote:
 
But how many here do?

I do not know.
Quote:
 
So you needed another investment class to create your retirement income

Funny that.

Compared to a renter I will require substantially less savings for retirement. So home ownership is key when planing for a comfortable retirement.
Quote:
 
So after 30 years of sacrifiice and hard work paying off your PPOR it will become more Difficult to create the Income necessary to retire?

Thanks for that.

No - it is less difficult to create income to retire. That is because I do not have to pay rent in retirement (which is an unknown liability), therefore I require substantially less for a comfortable retirement. (And I took 7 years to pay off my PPOR).

Simon, you are either a Troll or one of the most financially incompetent people I have ever met. I’ll give you the benefit of the doubt and assume you are incompetent. If I were you I would take some time and see a financial planner or anyone who knows just a little about investment and get some advice. You are a mess.
Edited by b_b, 10 Oct 2016, 12:31 PM.
(S – I) + (T - G) + (M - X) = 0
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Rufus
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Simon_S
10 Oct 2016, 11:47 AM


rubbish garbage and more rubbish.
Simon b_b is right, you really are a financial incompetent.

Yet no one here begrudges you a happy life. Please go out and talk to your dad or friends and ask them to explain some basic issues about asset accumulation and simple rent costs, living costs, savings etc. Or buy a book, any book on finance really will lift you above your current level of understanding.

Stop reading IMF statements and zerohedge articles. Get real for once in your life.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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b_b
10 Oct 2016, 12:28 PM

(And I took 7 years to pay off my PPOR).

Good for you b_b but the average mortgage holder will take 25-30 years before they can begin to plan for retirement.

Maybe you could explain how Interest rates will remain forever low?

Quote:
 
assume you are incompetent.


LOL.....You can assume what ever you like. I'm still waiting for you to explain why Surpluses are the Root cause of Recessions and Depressions.

Quote:
 
Stop reading IMF statements


I must be incompetent if I read economic papers................Does that include the RBA, World Bank, US FED,BOJ and other Notable Economic Organisations and Notable Economists in their respected fields?

Is that like your Ross Garnaut call?

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