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Leith van Onselen deceit exposed on Macrobusiness by Peter Fraser; Unconventional Economist's deceit exposed
Topic Started: 23 Apr 2012, 03:10 PM (7,862 Views)
Strindberg
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davel
23 Apr 2012, 05:43 PM
Peter doesnt deserve the abuse he's getting on that thread, its embarrasing.

I dont think UE was that far out of line with his comments though... but he can't say boo without Strindberg getting on his case :D
Peter is the lone token housing "bull", allowed to remain on MB for the purposes of deluded appearances. So of course he's going to cop all the stick. People there are perfectly free to call him a troll and other abuse. Only housing bears get protection from abuse.

UE was out of line, deliberately deceptive, and feeding his audience.

This is what he wrote:
Quote:
 
Most buyers from your home town – Brisbane – that headed your ‘advice’ would now be underwater, given that Brisbane home prices are down roughly -11% since peak according to RP Data and down by over -4% since the start of 2008!

The claim about most jan/2009 buyers in Brisbane now being under water is false, even more so when taking into account stamp duty and grant gifts. That could have just been an honest mistake by Leith van Onselen and if that was all he wrote I would have skipped over it. But it clearly wasn't an honest mistake, it was contrived and supported by sidetracking irrelevance.
He knows that prices are now higher than in Jan/2009 so he adopted deceit and obfuscation and compared prices now with their "peak" (which was in 2010) and with Jan/2008. He even managed to fool his adoring audience with the deceit.

It was a case of deliberate, calculated deceit. Leith is a devious piece of work. He falsely and illogically makes his claim re 1/2009 "given" price levels in 2008 and 2010 whilst deliberately ignoring price levels in 1/2009.

Most bears on these forums were saying don't buy in January 2009. According to the ABS, all capital city indices are now higher than in the 1st quarter of 2009. Prices in Melbourne are now 22% higher and 19% higher in Sydney.
Edited by Strindberg, 23 Apr 2012, 06:19 PM.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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stinkbug
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Bears regularly post 'end of the world' type rants, and claim bearish opinion as 'fact' or 'truth'. Bulls get bagged all the time for suggesting that property isn't going to crash. Well guess what - what's good for the goose is good for the gander. If the bears cop some crap, too bad. Fundamentally, it's all a waste of time and effort.

I don't identify as either bull or bear, but the personal attacks and rants are just childish and silly. The best debates are where we attack the ball rather than the man.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Catweasel
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Strindberg
23 Apr 2012, 06:18 PM
Peter is the lone token housing "bull", allowed to remain on MB for the purposes of deluded appearances. So of course he's going to cop all the stick. People there are perfectly free to call him a troll and other abuse. Only housing bears get protection from abuse.

UE was out of line, deliberately deceptive, and feeding his audience.

This is what he wrote:


The claim about most jan/2009 buyers in Brisbane now being under water is false, even more so when taking into account stamp duty and grant gifts. That could have just been an honest mistake by Leith van Onselen and if that was all he wrote I would have skipped over it. But it clearly wasn't an honest mistake, it was contrived and supported by sidetracking irrelevance.
He knows that prices are now higher than in Jan/2009 so he adopted deceit and obfuscation and compared prices now with their "peak" (which was in 2010) and with Jan/2008. He even managed to fool his adoring audience with the deceit.

It was a case of deliberate, calculated deceit. Leith is a devious piece of work. He falsely and illogically makes his claim re 1/2009 "given" price levels in 2008 and 2010 whilst deliberately ignoring price levels in 1/2009.

Most bears on these forums were saying don't buy in January 2009. According to the ABS, all capital city indices are now higher than in the 1st quarter of 2009. Prices in Melbourne are now 22% higher and 19% higher in Sydney.
Catweasel laugh. So it all all about a animal groups and its pettiness. Goodness the grief. That the show a real understand still the ephemeral. A Strindbag still a most emotional creature and fail to see its flaws.
Edited by Catweasel, 23 Apr 2012, 07:06 PM.
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The Prince
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The Prince
The MacroBusiness Blog has a long history of errors, made up nonsense, and one-sided unsubstantiated bear fodder.

Read more about it on my blog here -- MacroBusiness EXPOSED!!

'Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions'

-- Niccolo Machiavelli
"A prince never lacks legitimate reasons to break his promise" -- Niccolo Machiavelli

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The Punisher
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They're a little bit high on the smell of their own farts over there, but Peter Fraser comes off like a bit of a tool when you read most of the comments. It's as if he's refreshing the page to be first in to comment on all housing issues, just to make sure there's a rebuttal to everything.

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peter fraser
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The Punisher
23 Apr 2012, 09:29 PM
Peter Fraser comes off like a bit of a tool

+1 from me and +2 from my wife.
Any expressed market opinion is my own and is not to be taken as financial advice
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earthsta
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peter fraser
23 Apr 2012, 11:43 PM
The Punisher
23 Apr 2012, 09:29 PM
Peter Fraser comes off like a bit of a tool

+1 from me and +2 from my wife.
LOL .... you too mate

For the record, house prices are now 2.6% higher now than in Jan 2009. So Peter was right

For the record, Strindberg is one sad, sick fuck who desperately needs psychiatric help. So I'm right
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audas
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The Punisher
23 Apr 2012, 09:29 PM
They're a little bit high on the smell of their own farts over there, but Peter Fraser comes off like a bit of a tool when you read most of the comments. It's as if he's refreshing the page to be first in to comment on all housing issues, just to make sure there's a rebuttal to everything.

No kidding, his condescending arrogance on issues he has absolutely no insight into WHAT SO EVER expose him over , and over again. Yet when he turns around and issues edicts about people not offering advice all flabbergasted and hyperventilating over the issue he was completely exposed.

I have no idea why you would raise this in his defense - it simply reinforced how wrong he was. He does not have the right to go around telling people what they can and can't do on someone elses forum, and absolutely does not have that right when he does it himself through just as unequivocal advocacy which is what "Dont Buy Now" is -

Missed the side of the barn from two feet away on this one. You guys need to get a bigger gun and move closer to the barn.
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audas
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earthsta
24 Apr 2012, 12:49 AM
LOL .... you too mate

For the record, house prices are now 2.6% higher now than in Jan 2009. So Peter was right

For the record, Strindberg is one sad, sick fuck who desperately needs psychiatric help. So I'm right
Even Peter acknowledged in the same thread that he expects housing prices to come down another 10% - so - Peter is going to be DEAD WRONG.
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peter fraser
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audas
24 Apr 2012, 10:41 AM
earthsta
24 Apr 2012, 12:49 AM
LOL .... you too mate

For the record, house prices are now 2.6% higher now than in Jan 2009. So Peter was right

For the record, Strindberg is one sad, sick fuck who desperately needs psychiatric help. So I'm right
Even Peter acknowledged in the same thread that he expects housing prices to come down another 10% - so - Peter is going to be DEAD WRONG.
that is a complete misquote - I said that I expect Melbourne to fall a total of 10% - that was certainly not an Australia wide expectation - can't you interpret correctly?

Any expressed market opinion is my own and is not to be taken as financial advice
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