Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 2
  • 31
The high cost of snake oil
Topic Started: 7 Jan 2017, 10:18 AM (10,306 Views)
Rufus
Member Avatar


Terry
7 Jan 2017, 02:33 PM
Good heavens.

Robert Shiller predicted a triple bubble burst. None of it happened like the timeline of some kind of prophecy and he was pilloried by the media and experts. In the 90s, everything was good and everyone was making a motza from the digital revolution. Shiller was having none of it and thought that the tech bubble would burst, then he clearly saw what was going on with housing and the financial industry. What happened next was like shooting suburbanites with a taser at the BBQ.

Renowned journalist George Will famously collared Shiller in an interview and accused him of leading the suburbanites down the garden path if they listened to him.

Similar nonsense here.

Shiller was later awarded a Noble Prize while the smarmy Will moved on to the next populist editorial.

Kook will never win a Nobel nor will he ever be recognized as an economic visionary.
Anyone can predict doom if there is no timescale.

I will predict right now that the Sydney housing market will experience a correction in real terms.
If you have to pin me down to a time frame then I'll choose sometime within the next 10 years.

Where do I collect my pseudo Nobel Prize like Bobs.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Terry
7 Jan 2017, 08:51 PM
Not about me Roddy. It's about how Kooky massages the ego of his audience using the emotional hooks that the suburbanites crave and need. Of course, Kooky will never be recognized globally for his vision, unlike Shiller and increasingly Steve Keen. Kooky knows that and possibly feels envious.
You say it's not about you but your ego is as delicate as an over ripe mango, the slightest bruise and you go off.
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Trollie
7 Jan 2017, 09:22 PM
You say it's not about you but your ego is as delicate as an over ripe mango, the slightest bruise and you go off.
That's what the puppeteer would be hoping Roddy.
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Terry
7 Jan 2017, 09:33 PM
That's what the puppeteer would be hoping Roddy.
Catweazle - Ya back!

Cummon bro; Gimme 'n "s", Gimme 'n "n", Gimme 'n "i", Gimme a "g", 'N another "g", 'N 'n "e", 'N 'n 'r' ...

'Cause I just luvs ya "SNIGGER" word - LOL LOL LOL
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
Terry
Member Avatar


Rufus
7 Jan 2017, 09:10 PM
Anyone can predict doom if there is no timescale.

I will predict right now that the Sydney housing market will experience a correction in real terms.
If you have to pin me down to a time frame then I'll choose sometime within the next 10 years.

Where do I collect my pseudo Nobel Prize like Bobs.
Nobel prizes require a body of groundbreaking research. Meeting your sales target and picking the footy scores don't qualify you.
Edited by Terry, 7 Jan 2017, 09:44 PM.
Profile "REPLY WITH QUOTE" Go to top
 
Rufus
Member Avatar


Terry
7 Jan 2017, 09:44 PM
Nobel prizes require a body of groundbreaking research. Meeting your sales target and picking the footy scores don't qualify you.
It's not actually a Nobel Prize.

Quite a few economists who have won the Sveriges Riksbank Prize in Economic Sciences have had their work discredited since.
Ask Steven Keen, he'll tell you.
Take risks - if you win you will become wealthy, if you lose you will become wise
Profile "REPLY WITH QUOTE" Go to top
 
Chris
Default APF Avatar


How often does the Kouk post here?

It's definitely a grey area!
Profile "REPLY WITH QUOTE" Go to top
 
Trollie
Member Avatar


Terry
7 Jan 2017, 09:44 PM
Nobel prizes require a body of groundbreaking research. Meeting your sales target and picking the footy scores don't qualify you.
No they aren't roddy. What "ground breaking research" did Bob Dylan do to win the most recent noble prize?

Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

Terry
7 Jan 2017, 09:44 PM
Nobel prizes require a body of groundbreaking research
Is that right Roddy? Talk us through Jimmy Carter's groundbreaking research...
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"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."
Profile "REPLY WITH QUOTE" Go to top
 
herbie
Member Avatar


Trollie
7 Jan 2017, 09:52 PM
No they aren't roddy. What "ground breaking research" did Bob Dylan do to win the most recent noble prize?
Maybe he writ up tha lyrics ta a song containin' tha words "Nobel Prize" correct some time? ... :)
Edited by herbie, 7 Jan 2017, 10:05 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create a free forum in seconds.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 2
  • 31



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy