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Ex-Global Head of FX Merril Lynch Quote
Topic Started: 2 Jan 2017, 04:53 PM (3,422 Views)
Rufus
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Terry
2 Jan 2017, 11:36 PM
Well duh. That's what the guy is basically saying: the suburbanite has no disposition to handle their investment like a trader. Property is a sub-optimal investment or a fantasy if it has no risk profile.
No he is saying that a property investor lacks the skills and understanding to maximise his returns, but the reality is that he doesn't understand the property market, and of course it's a big sales pitch to get people out of property and into shares using Merrill Lynch as their broker.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Terry
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Rufus
2 Jan 2017, 11:48 PM
No he is saying that a property investor lacks the skills and understanding to maximise his returns, but the reality is that he doesn't understand the property market, and of course it's a big sales pitch to get people out of property and into shares using Merrill Lynch as their broker.
No, he's saying that the suburbanites are investing "sub-optimally." Also,he doesn't work for Merrill Lynch and hasn't worked in forex since 2001.

Looks like you've uncovered a conspiracy.
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Rufus
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Terry
3 Jan 2017, 12:34 AM
No, he's saying that the suburbanites are investing "sub-optimally." Also,he doesn't work for Merrill Lynch and hasn't worked in forex since 2001.

Looks like you've uncovered a conspiracy.
actually what you said was -

"The Global Head of Merril Lynch uses houses as an example as he's aware that the majority of suburbanites have their whole lives wrapped in a single asset. If its value dissipates, in many ways they're toast. "

Considering that you don't provide links we will have to go with him being the head of Merril Lynch.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Ex BP Golly
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Rufus
2 Jan 2017, 11:01 PM
The RBA didn't bail anyone out, and yes the RBA can do it again.
More real estate seminar think!
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Terry
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Rufus
3 Jan 2017, 12:46 AM
actually what you said was -

"The Global Head of Merril Lynch uses houses as an example as he's aware that the majority of suburbanites have their whole lives wrapped in a single asset. If its value dissipates, in many ways they're toast. "

Considering that you don't provide links we will have to go with him being the head of Merril Lynch.
Look at the post title
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Rufus
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Terry
3 Jan 2017, 01:07 AM
Look at the post title
The post title says he's the ex head of FX for ML, it doesn't say he is no longer with ML.
You referred to him as "The Global Head of Merril Lynch"

If you can't provide a link and the relevant quotes from that link, don't make these dishonest posts. They are just cheap click bait designed to boost your own ego.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Rastus2
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Rufus
2 Jan 2017, 11:01 PM
The RBA didn't bail anyone out, and yes the RBA can do it again.
Your complete misread of this issue will cost you dearly.


I didn't think Simon said the RBA specifically bailed anyone out, just central banks, and if he had included governments using public money, the validity of his statement would not be in question even here in Australia.

Your point that the RBA did not step in to bail out any specific bank may be correct, but taxpayers still fed the banks a nice spoonful of bail out on demand in the form of debosit guarantee... The Gov. did not even get the RBA to deliver the spoon, it did it itself, and the effect was shown in FOI RBA documents.
http://www.abc.net.au/news/2016-05-26/banks-receive-almost-4-billion-dollars-from-implicit-guarantee/7447542


IMHO, the Bail-In model is great in theory, but will result in a lot of people who were unaware that their money was in a tranch that will be sacrificed... any money in such tranches should only be allowed to be moved there if a very authority is somehow fed to the investor prior to the investment being made. I suspect more people have money in these tranches than those who are aware of it.


Quote:
 
Bail-in can, in principle, be applied to any unsecured debt instrument, including (uninsured) deposits, bonds, commercial paper, derivative obligations and trade credits. However, in practice, longer-term senior unsecured debt is generally considered by policymakers to be the most bail-inable. Short-term liabilities are also considered to be less bail-inable as they are more likely to be subject to runs. Bailing-in unsecured derivatives obligations risks contagion given their widespread use as a risk management tool, and bailing-in trade credits, operational liabilities and uninsured deposits is considered to be less likely due to the social or political implications of exposing individuals or small firms to loss.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Simon_S
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Rastus2
3 Jan 2017, 09:48 AM


I didn't think Simon said the RBA specifically bailed anyone out, just central banks, and if he had included governments using public money, the validity of his statement would not be in question even here in Australia.

Your point that the RBA did not step in to bail out any specific bank may be correct, but taxpayers still fed the banks a nice spoonful of bail out on demand in the form of debosit guarantee... The Gov. did not even get the RBA to deliver the spoon, it did it itself, and the effect was shown in FOI RBA documents.
http://www.abc.net.au/news/2016-05-26/banks-receive-almost-4-billion-dollars-from-implicit-guarantee/7447542


IMHO, the Bail-In model is great in theory, but will result in a lot of people who were unaware that their money was in a tranch that will be sacrificed... any money in such tranches should only be allowed to be moved there if a very authority is somehow fed to the investor prior to the investment being made. I suspect more people have money in these tranches than those who are aware of it.


Rufus is well aware of what i wrote but as usual he has to Divert away from the reality I stated because its an inconvenient truth that destroys his argument

Rufus is just being his Dishonest self when he knows hes wrong.

Even funnier was Trollies attempt of convincing us of only being able to receive 1.2% in Interest from Banks and yet banks are clearly offering 3%......

They have positions to Defend and Defend them they will at any cost.........Its Fun to watch

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Trollie
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Simon_S
2 Jan 2017, 10:20 PM
LOL........Is that all you could muster......



Oh........But the person who sold his house can afford to place most of it in a 12 month Term Deposit.

Info Choice Term Deposits

And here you were telling me 1.2%............
Don't you know the difference between a transaction account and term deposit? Sure thing timo i'll explain the basics to you.

Sure could put it in a term deposit but then your money is locked up for the term, and you've claimed wealth you can't spend can't be counted as "proifit" so the term deposit is no better than an IP.
Simon_S
3 Jan 2017, 11:02 AM
Even funnier was Trollies attempt of convincing us of only being able to receive 1.2% in Interest from Banks and yet banks are clearly offering 3%.
You're a lair or stupid, probably both.
Edited by Trollie, 3 Jan 2017, 11:42 AM.
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Simon_S
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Trollie
3 Jan 2017, 11:41 AM
Don't you know the difference between a transaction account and term deposit? Sure thing timo i'll explain the basics to you.

Sure could put it in a term deposit but then your money is locked up for the term, and you've claimed wealth you can't spend can't be counted as "proifit" so the term deposit is no better than an IP.

You're a lair or stupid, probably both.
Its obvious you don't......

Again they are Offering 3% in a 12 month/1 year/365 days get it ..........term deposit. Not the 1.2% you posted to suit your silly argument

Money in the Bank is money in the Bank......Can be withdrawn any time.........

How long does it take to sell your house...........Longer than it takes to withdraw my money from the Bank?

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