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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 (7,859 Views)
peter fraser
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raveswei
24 Apr 2012, 11:24 PM

nobody expects honesty from a man who has a job to push people into lifetime debt.

You have huge vested interests so people should not listen whatever you say. What I expect is clear disclosure that will make people aware of these vested interests.
rav you don't even disclose who you are. You could have massive shorts on CJ's new index, or you might want to buy a house for a massive discount - do you not comprehend your own "vested interest" in real estate.

Seriously do you think that I have a long line of die hard bears banging on my door wanting home loans.

What planet do you live on?

But thanks for the best laugh I've had in days.....

Any expressed market opinion is my own and is not to be taken as financial advice
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peter fraser
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genX
24 Apr 2012, 11:21 PM
Hi Peter,

What annoys me about the majority of bears and bulls is how they express their opinions but don't run the numbers.

I know it was earthsta who cited 2.6 (it's actually 3.7 according to supplied spreadsheet from ABS, see other post), and it was earthsta that I was responding to, taking his comment at face value.

Strindberg seemed to think my response to earthsta was a defence or deflection for LVO. I'm new here, so I don't know who LVO, or earthsta or Stringberg are, so I responded by running some numbers (again, see other post).

Claims of rising prices, falling prices and future prices are known in financial markets as 'sophistry'. In the end, what matters are the numbers. Total return, real return (after discounting).

According to my numbers, Jan 2009 was NOT a great time to buy. Certainly better than 2007, but still not great. But that's just by the numbers. Personally I'm not a fan of property in the same way I'm not a fan of organised religion. i.e. because people's beliefs about both are irrational and personal. (IMNSHO).

I chose not to buy from 1994 to present and I am much better off for it. I may be a buyer soon though. I believe the coming correction with be the buy opportunity of a lifetime and I am expecting around a 50% drop. But now I am indulging in sophistry. :lol

Good luck with your blog.


Actually earthsta was probaly correct. the index moved by 3.7 points, but he cited a percentage.

Not that I care really, it's not a life or death difference.
Any expressed market opinion is my own and is not to be taken as financial advice
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Strindberg
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genX
24 Apr 2012, 11:06 PM
According to the supplied spreadsheet, the Brisbane index went from 138.0 to 141.7 between Dec 2008 and Dec 2011. == 3.7%.
You'll have difficulty with economic matters until you learn how to calculate percentages.
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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genX
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Strindberg
25 Apr 2012, 12:00 AM
You'll have difficulty with economic matters until you learn how to calculate percentages.
You are right, it's an index. 2.6% Must stop posting when tired.

I think my other numbers are right. Next time I will double check.
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genX
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peter fraser
24 Apr 2012, 11:43 PM
Actually earthsta was probaly correct. the index moved by 3.7 points, but he cited a percentage.
Yes he was, it's an index, to 2.6%. I'm tired and my neighbours are partying, so I will sign off now.
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audas
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genX
25 Apr 2012, 12:42 AM
Yes he was, it's an index, to 2.6%. I'm tired and my neighbours are partying, so I will sign off now.


Not directed at genX -


As of tonight - the EU is fcked, sorry, no other way to put it - Germany is going backwards at record pace - Holland government is collapsed and extremist wings of the French political system appear ready to take over and all bets are on for an EU break up.

In response the US has gone into meltdown - serious catatonic meltdown, as you would expect.

Reserve bank is expected to cut by 50 basis points with near zero inflation while ALL BANKS are expected NOT to pass this on....

Australia is about to have its sovereign debt downgraded.

As the world economy and most significantly Australia's economy verges on the brink of disaster - you guys are arguing over the most irrelevant bullshit you can find.

By the end of this year Peter - on every single projection, unless they discover the antidote to cancer, infinite energy and eternal youth - the losses in Brisbane or wherever the hell you were "NOT" recommending people buy will be a shit load further down that your current %2.6 - and only the most galactic moron would argue otherwise.

Tonight's news was a slaughterhouse of economic woes across the globe - this is it - the shit has hit the fan.

It simply defies belief that the bulls on this forum continue to argue their position as every single economy on earth collapses into what is undoubtedly the greatest global economic disaster ever. And still - the muppets continue to rant.

The banks are about to be downgraded, the government is about to be downgraded, only main trading partner is failing, their primary customers are actually about to COLLAPSE, official interest rates are going to be slashed with absolutely no response from the banks -


Yeah - but you know, Macrobusiness is full of shit because Peter is still %2.6 percent above where he was three years ago - or whatever the infinitely childish shit is that is being debated on this profoundly infantile thread.

There should be some intellectual SHAME in here.
Edited by audas, 25 Apr 2012, 01:30 AM.
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newjez
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Yup Audas - I tend to agree - although I think it will take longer to get there.

Not looking good at all. Euro is set to devalue, which will hit the US just as it's cutting back, and China will be clobbered at a delicate time of political transfer.

I don't expect to see fireworks until late this year. But the opening sparks have been fun to watch.

We will have to sit through a few months of BP's zip interest rates and prices to the moon, until it eventually sinks in.

Can't wait for the penny drop moment.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Frank Castle
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Business As Usual

audas
25 Apr 2012, 01:24 AM
Reserve bank is expected to cut by 50 basis points with near zero inflation while ALL BANKS are expected NOT to pass this on....




Evidence of this?
or is it just your personnel expectation?

Quote:
 
Yeah - but you know, Macrobusiness is full of shit because Peter is still %2.6 percent above where he was three years ago -


So Peter was right and the deceitful fucktards at macrobusiness were wrong.
Glad you agree

Quote:
 
or whatever the infinitely childish shit is that is being debated on this profoundly infantile thread.

Only childish and infantile when you and your ilk are made to look like idiots eh?
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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Frank Castle
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Business As Usual

genX
25 Apr 2012, 12:42 AM
I'm tired and my neighbours are partying, so I will sign off now.
You sound old, are you sure you're gen x?
Edited by Frank Castle, 25 Apr 2012, 07:10 AM.
Ignore posts by The Whole Truth · View Post · End Ignoring
The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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audas
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Frank Castle
25 Apr 2012, 07:08 AM
Evidence of this?
or is it just your personnel expectation?




So Peter was right and the deceitful fucktards at macrobusiness were wrong.
Glad you agree



Only childish and infantile when you and your ilk are made to look like idiots eh?
Yeah - thats right, I look like the idiot - :lol

I think anyone who has read one of my posts and one of your posts would take less than a Jiffy to see who has brains and who is mindless tard.

You actually wrote that - funny stuff.
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