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Macrobusiness labels contributors as FREELOADERS if they don't pay for a subscription; David Llewellyn-Smith and Leith van Onselen grow desperate for funds
Topic Started: 8 Mar 2017, 01:12 PM (7,502 Views)
Tommy
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Bardon
6 May 2017, 06:09 PM
No I aint worried at all because their is massive growth happening right around the world right now, and regardless of where it comes from it always finds its way into land prices.

Take for example these different sources of wealth that finds its way into land prices.

David Murray buying land in Hunter valley

Scott Farquhar buying land in Sydney

Mr Harton buying land in Perth.



Tommy seriously you need to think about things before your post, this is far more cash reserves than large countries have.
200 trillion in additional debt has been added since the gfc.

As foxy says...tick tock.
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Bardon
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Tommy
6 May 2017, 06:21 PM
200 trillion in additional debt has been added since the gfc.

As foxy says...tick tock.
The concept of a balance sheet is obviously something new to you.

I think you need to be careful who you listen to.

If you think Apples and the other US corporations record cash holdings are insignificant then you are badly mistaken.
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Rufus
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Tommy
6 May 2017, 06:21 PM
200 trillion in additional debt has been added since the gfc.

As foxy says...tick tock.
So 200 Trillion of assets have been purchased?
Is that what you are saying?
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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Bardon
6 May 2017, 06:09 PM
No I aint worried at all because their is massive growth happening right around the world right now, and regardless of where it comes from it always finds its way into land prices.

Take for example these different sources of wealth that finds its way into land prices.
Shit the US Fed just cut 2nd quarter growth
N.Y. Fed cuts U.S. second quarter GDP growth view below 2 percent
Quote:
 
The New York Federal Reserve on Friday downgraded its outlook on U.S. economic growth in the second quarter to below 2 percent as weaker-than-forecast data on manufacturing and import prices were offset by a solid April payrolls report.


Yes all that Massive Growth........

So Massive the Global Economy will Boom Forever.....


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Tommy
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Rufus
6 May 2017, 06:25 PM
So 200 Trillion of assets have been purchased?
Is that what you are saying?
Yes assets have been inflated with that money and it must be repayed with interest.
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Rufus
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Tommy
6 May 2017, 06:30 PM
Yes assets have been inflated with that money and it must be repayed with interest.
But that is a statement you can't support with evidence, it's no more than your opinion.

Let me know when you can support it.
Take risks - if you win you will become wealthy, if you lose you will become wise
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Tommy
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Bardon
6 May 2017, 06:24 PM
The concept of a balance sheet is obviously something new to you.

I think you need to be careful who you listen to.

If you think Apples and the other US corporations record cash holdings are insignificant then you are badly mistaken.
All debt must be repayed. Cash holdings don't have to be spent. Especially when economies around the world start to contract , which of course intensifies the situation.
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Simon_S
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Rufus
6 May 2017, 06:34 PM
But that is a statement you can't support with evidence, it's no more than your opinion.

Let me know when you can support it.
Australia’s debt levels hit record high as households, businesses and governments load up

U.S. household debt near record levels, Federal Reserve report says
Edited by Simon_S, 6 May 2017, 06:38 PM.
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Tommy
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Rufus
6 May 2017, 06:34 PM
But that is a statement you can't support with evidence, it's no more than your opinion.

Let me know when you can support it.
You need evidence that credit has inflated asset prices?

Maybe it's the cash we had in the glove box?
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Rat
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Filthy Rodent

Simon_S
6 May 2017, 03:15 PM
That Graph only shows 6 months in 2012...Wheres the rest of it?
I'm glad you asked.

The answer is in the links I posted, but to summarise... Macrobusiness launched MacroInvestor in June 2012, a newsletter and set of portfolios for which they charged members five hundred dollars a year to follow. The idea was that members would make heaps of money by investing and making trades recommended by Chris Becker.

But for the first few months, Becker announced his share trades retrospectively (a bit like the bears here) and thus pretended he was making a fortune... 'A week ago my fund invested in X and it went up Y% this week, you guys should all pay $500 to subscribe to my newsletter and win win win like me'. That sort of thing.

However the members rightly complained and said he needed to announce the trades at the time he actually made them. Under pressure from members, Becker then launched what he called 'Live Trades' whereupon his trading portfolio immediately dived. All his portfolios dramatically underperformed the ASX accumulation index. Becker had been bluffing - he has zero clue about share trading.

Macrobusiness then cancelled the newsletter just six months after it began. Members were not refunded their annual $500 subscription fee.

Threads about this fiasco were posted on APF, so then Macrobusiness threatened Alex with legal action unless we all stopped talking about their epic fail.

Macrobusiness are a bunch of shysters and con-men, but the bears lap it up because Macrobusiness tells them what they want to hear... i.e. big property crash always just around the corner etc.

The MB bloggers all own their own homes while telling everyone else to sell sell sell!

Posted Image
Edited by Rat, 6 May 2017, 06:44 PM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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