26 year of Uninterrupted Growth.... Record level High Asset values........ Record High Debt levels.......... Record low Interest rates...........Umm.....Well not for much longer.....
26 year of Uninterrupted Growth.... Record level High Asset values........ Record High Debt levels.......... Record low Interest rates...........Umm.....Well not for much longer.....
Oh you have Forever but we have no time.......
AHAHAHAHAHAHAHAHAHAHAHAHAHHA
Great job staying on message timo. You'd do well on fox news.
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.
Its really about personal financial circumstances not bear/bull stuff.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
I found Keens video very interesting, but predicting what is going to happen is very very difficult and I think sometimes he forgets or understates a number of elements that can come into play.
I do believe we are most likely at the top of the housing cycle, and there is potential headwinds with debt, China, interest rates, capital flight and apartment supply as possible triggers for a recession.
I don't invest in property but do invest in shares. I take a middle approach, invest carefully and only on dips, and always apportion a balance in cash so if the worst does happen I will hopefully be ok.
Yes you do have a hard time dealing with them don't you.
What facts were they again........Oh that's right you haven't presented any as usual.
Quote:
26 year of Uninterrupted Growth.... Record level High Asset values........ Record High Debt levels.......... Record low Interest rates...........Umm.....Well not for much longer.....
Hmm, Steve does seem to be mentioning rather out dating info in the Video. Wondering if this was recorded mid year.
He mentioned terms or trade falling and continuing to fall. Yes that would be true if this was March or April. Buts it's November and the commodity prices have had a rather significant rally of late. Indeed terms of trade have risen substantially. In fact the largest ever month on month increase has just been recorded. We're also moving into the big increases in gas exports in 2017. Tourism is up rather solidly over the last year. Our third biggest export - education, is doing quite nicely. And the services sector in Austrliaa keeps going from strength to strength.
We have also had a period of low credit growth since the GFC. It's only been about 7% per year. Aha! You might say. But nominal GDP (not the CPI adjusted one you're used to) rises by about 7% a year, so we could keep this going for a rather long time yet. Even without dropping rates a little further.
Just not seeing a case for a recession on the ground in Brisbane just yet. Whilst I'm not doing especially well myself, I'm seeing stunning amounts of spending and wealth out there.
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
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