There are some people who seem angry and continuously look for conflict. Walk away, the battle they are fighting isn't with you, it's with themselves.
The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it. The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.
Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
you are the expert in sticking things up arses ... what did your probe of K tell you ?
Hahaha, talk about a localised boom!
Why would anyone bother posting a response just to run the risk of possibly legitimising such an insipid piece of shite like Trollie. Again I refer to the same sociopathic tendencies that would lead to someone even thinking about starting a thread with the sole purpose of denigrating others for their views.
Trollie is not inviting genuine conversation just a platform to pump his chest as a socially retarded f***wit with a superiority complex.
The worst part is he's just a sock so he's a pathetic incarnation of some other sociopathic idiot, the whole thing is very sad.
I think 2017 will be a Challenge for equities. I'm not sure about a big crash, but I struggle to see where the growth will come from too.
I feel the same way, unlikely to be a crash in property or gold ( >20%)
The ASX200 Could well see a fall in the range of 10% to 20% along with the DOW
AUD vs USD could see a 10% drop in value of AUD Depending on your views of the economy, this can be a good thing or a bad thing.
There are some people who seem angry and continuously look for conflict. Walk away, the battle they are fighting isn't with you, it's with themselves.
The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it. The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.
Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
I feel the same way, unlikely to be a crash in property or gold ( >20%)
The ASX200 Could well see a fall in the range of 10% to 20% along with the DOW
AUD vs USD could see a 10% drop in value of AUD Depending on your views of the economy, this can be a good thing or a bad thing.
This is the 30 year chart of the ASX 200
Take a look at 1987.
Here is how it was reported at the time:
Quote:
In October 1987, the international Stock Market Slump saw markets crash around the world. The crisis originated when Japan and West Germany pushed up interest rates, pressuring US rates also to rise, triggering a massive sell off of US shares. Global share prices fell an average of 25%, but Australia saw a 40% decline.[1] 17 of the 18 major OECD economies experienced a recession in the early 1990s.[2]
IMHO we are currently at about 1994 in the first chart above - 1994 was just catching up again with the highs of 1987 pre-crash. In 2017 we are just catching up again to the highs of 2007, so it has been a slower recovery than that from the 90s. Here is a longer term trend chart on a non linear scale but showing many big crashes and the longer term growth. It is clear that we are just emerging from 10 years of stagnation, how can anyone expect a crash from here - surely, the obvious expectation, based on long term trends, would be for some serious growth.
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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