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Steve Keen Predicts Recession in 2017; Has no doubt that he is right (once again)
Topic Started: 25 Nov 2016, 06:56 PM (5,599 Views)
Rufus
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Steve Keen Predicts Recession in 2017

Often wrong but he's not in any doubt.

Edited by Rufus, 25 Nov 2016, 06:57 PM.
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
25 Nov 2016, 06:56 PM
Steve Keen Predicts Recession in 2017

Often wrong but he's not in any doubt.

He only needs to be right Once.

You need him to be wrong forever.

What are the Odds of you being right forever.
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popey
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he's a professor, odds are he's right this time round...
watched the video, what he said makes a lot of sense
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Rufus
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popey
25 Nov 2016, 07:20 PM
he's a professor, odds are he's right this time round...
watched the video, what he said makes a lot of sense
Yes a whole lot of what he said makes a lot of sense.
Doesn't mean he will be right on his call though.
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
25 Nov 2016, 07:59 PM
Yes a whole lot of what he said makes a lot of sense.
Doesn't mean he will be right on his call though.
No but you will be right Forever.......

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Crocsta
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You only need a handful of investors to buy and sell to each at ever increasing prices. This bubble will never pop as too many players blowing hard. It could keep inflating with just two individuals buying and selling to each other every single property in Aus. He talks households but it's investors inflating prices.
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Simon_S
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Crocsta
25 Nov 2016, 09:37 PM
You only need a handful of investors to buy and sell to each at ever increasing prices. This bubble will never pop as too many players blowing hard. It could keep inflating with just two individuals buying and selling to each other every single property in Aus. He talks households but it's investors inflating prices.
So that means only a handful of investors will cause the Market to fall......

What does too many players blowing hard mean.........Is that the game you play with your mates?

It will can go higher with just 2 individuals..........

Do households contribute to economic growth........

Yeah mate..........
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Foxy
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Zero is coming...

Simon_S
25 Nov 2016, 07:16 PM
He only needs to be right Once.

You need him to be wrong forever.

What are the Odds of you being right forever.
50/50
popey
25 Nov 2016, 07:20 PM
he's a professor, odds are he's right this time round...
watched the video, what he said makes a lot of sense
I like the low level of leverage bit.

Peter
Edited by Foxy, 26 Nov 2016, 12:24 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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herbie
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popey
25 Nov 2016, 07:20 PM
he's a professor, odds are he's right this time round...
watched the video, what he said makes a lot of sense
He's very significantly underestimated tha potential impacts of some pretty damn important things he's personally ignorant about in tha past.

So why would I have any real confidence at all that he's simply not just continuing ta do so?

Hmmm - Tha dude's got more form than tha f***in' Kray Brothers:

https://en.wikipedia.org/wiki/Kray_twins
Edited by herbie, 26 Nov 2016, 01:23 AM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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deluded
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herbie
26 Nov 2016, 12:45 AM
He's very significantly underestimated tha potential impacts of some pretty damn important things he's personally ignorant about in tha past.

So why would I have any real confidence at all that he's simply not just continuing ta do so?
Well no one should believe a statement like 'recession in 2017' from anyone; Whether that person has been wrong 100%of the time or right 100% of the time.

But if a recession in 2017 might be relevant to potential investment decisions you make this year then you may want to look at the logic behind his statement. And then look at the logic behind those who say no recession in 2017. Then you need to critically asses all the info. After doing this you can formulate your own idea of what may happen in 2017.

So you're stating the obvious and necessary position of not believing people's statements. However, it does need to be said because a lot of people don't seem to think they need to critically assess the logic and data that back up a professors claims. Then we end up with a religious adherence to authority figures who say things that resonate with our deluded views of the world. Like catastrophic anthropocentric global warming for example.

The experts keep stating that the whole barrier reef is dying. So one red headed Queenslander goes to a spot on the reef and finds that it is perfectly healthy. The experts say that she didn't visit the spot where the reef is dying. She says, but you said the whole thing was dying.
Real Trump News -- Real Climate Science News -- Real Democrat Party News
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