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 blah blah blah blah blah....................
You really look at the world with shit coloured glasses on don't you??? You seem like a very paranoid and negative individual! Nearly everything you wrote is either wrong, an exaggeration, wild speculation with no basis, or opinion with no facts provided to back it up.
Many of the issues you are shitting yourself over are things that have happened many times before - sometimes bad things happen, sometimes good things happen. A very wise man once told me - "There is nothing new under the sun".
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.
a few point audas.
Firstly the future is not about me, it's not about the 2.6%, it has everything to do with the state of the whole globe including Asia.
I see that you are also tossing away the "slow melt" theory of the writers from macro - is that right? Because your personal prediction is far more dire than anything that I have heard fro LVO, David, or DE.
Can you tell me why you disagree strongly with their views, and why we should accept your view over their more tempered outlook.
Any expressed market opinion is my own and is not to be taken as financial advice
I think prices actually fell more than 5% since than.
So even with extra FHBG people actually lost the money.
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.
many people have some personal interests in housing
but you have professional interests - your everyday work requires you to push people into lifetime debt regardless of future price expectations or consequences for people you push into the debt.
If house prices go down, majority of people will not lose anything, large number who invested will make loses (many of them big loses) but people like you will lose source of everyday income - your vested interests are by far larger and you position to affect other people is by far more powerful.
Firstly the future is not about me, it's not about the 2.6%, it has everything to do with the state of the whole globe including Asia.
Catweasel laugh. On the yes. A whole globe focused on the Aussie mouse house, despite a crescendo of nonsense assaulting a mouse the ears.
Does it really a think a visionary mutate into your the body and mind? It actually not the so ludicrous. A small the army of a white shoes and bank lackeys think it also have the holy understand as a well, despite it not a be able to know gobal event from arse end of wombat. All it seem to a rely the on is ignorance of a mouse.
I think prices actually fell more than 5% since than.
So even with extra FHBG people actually lost the money.
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.
many people have some personal interests in housing
but you have professional interests - your everyday work requires you to push people into lifetime debt regardless of future price expectations or consequences for people you push into the debt.
If house prices go down, majority of people will not lose anything, large number who invested will make loses (many of them big loses) but people like you will lose source of everyday income - your vested interests are by far larger and you position to affect other people is by far more powerful.
Yes I have a professional interest in lending which is certainly related to housing, so you do have a point there.
However even in what you might call bad times, people still do buy, and a lot more people take the opportunity to refinance, so the net effect isn't that great.
Due to recent changes in the industry, there are far less brokers now than in the past, at a time when bank branches are losing market share to brokers, so again I'm not adversely affected.
Because I concentrate on the more difficult cases and more complex business deals, harder economic times seems to suit my business model, so my vested interest may be in creating hardship conditions for others, but it's certainly not what I wish upon others - in fact I want others to fare well in life.
If prices did indeed crash as you predict, that again would suit my personal economic situation - I hold cash, but again it's not what I want for other Australians.
I'm actually not that bad at finding good property at a great price, and I really enjoy the negotiation process.
Perhaps I should join the bears, it would suit my vested interests.
Any expressed market opinion is my own and is not to be taken as financial advice
Yes I have a professional interest in lending which is certainly related to housing, so you do have a point there.
However even in what you might call bad times, people still do buy, and a lot more people take the opportunity to refinance, so the net effect isn't that great.
Due to recent changes in the industry, there are far less brokers now than in the past, at a time when bank branches are losing market share to brokers, so again I'm not adversely affected.
Because I concentrate on the more difficult cases and more complex business deals, harder economic times seems to suit my business model, so my vested interest may be in creating hardship conditions for others, but it's certainly not what I wish upon others - in fact I want others to fare well in life.
If prices did indeed crash as you predict, that again would suit my personal economic situation - I hold cash, but again it's not what I want for other Australians.
I'm actually not that bad at finding good property at a great price, and I really enjoy the negotiation process.
Perhaps I should join the bears, it would suit my vested interests.
Catweasel say if it the debt hawker, a bank be its stakeholder as the well. It derive its understanding from the same fence-sitting propaganda as produce by a bank (real vomit inducing emptiness).
At a end of a day, if it hawking debt, it not a really matter what it thinks about a future. It may be the soulless profession for a many, but a all credit to it if it give it the some kind of the self worth.
Yes I have a professional interest in lending which is certainly related to housing, so you do have a point there.
However even in what you might call bad times, people still do buy, and a lot more people take the opportunity to refinance, so the net effect isn't that great.
Due to recent changes in the industry, there are far less brokers now than in the past, at a time when bank branches are losing market share to brokers, so again I'm not adversely affected.
Because I concentrate on the more difficult cases and more complex business deals, harder economic times seems to suit my business model, so my vested interest may be in creating hardship conditions for others, but it's certainly not what I wish upon others - in fact I want others to fare well in life.
If prices did indeed crash as you predict, that again would suit my personal economic situation - I hold cash, but again it's not what I want for other Australians.
I'm actually not that bad at finding good property at a great price, and I really enjoy the negotiation process.
Perhaps I should join the bears, it would suit my vested interests.
Catweasel say if it the debt hawker, a bank be its stakeholder as the well. It derive its understanding from the same fence-sitting propaganda as produce by a bank (real vomit inducing emptiness).
At a end of a day, if it hawking debt, it not a really matter what it thinks about a future. It may be the soulless profession for a many, but a all credit to it if it give it the some kind of the self worth.
I don't have a stakeholder cat - I could walk away and do nothing if I chose, but it would be boring.
Do you still fit into your old Goth outfits. Somehow I doubt that your current image reflects your own ideals.
Enjoy your work travels to Vietnam, Korea, and around Japan analysing deals.
Do you really agree with rav that a seller has a vested interest, but a buyer has not? Lets get a little subjective analysis on the transaction, instead of lightweight cryptic sniping across continents.
Lewis Carrol was far better at the cryptic messages, and he was honest - well apart from his inner feelings for Alice.
Any expressed market opinion is my own and is not to be taken as financial advice
You really look at the world with shit coloured glasses on don't you??? You seem like a very paranoid and negative individual! Nearly everything you wrote is either wrong, an exaggeration, wild speculation with no basis, or opinion with no facts provided to back it up.
Many of the issues you are shitting yourself over are things that have happened many times before - sometimes bad things happen, sometimes good things happen. A very wise man once told me - "There is nothing new under the sun".
Sorry - I look at the world with my own two eyes - my point is that there are some on here who look at the world through rose coloured glasses, or even worse are myopic pirates.
Do I need to back up the data which just came out on Germany ? No I don't.
Do I need to back up the election issues in France ? No I don't.
Do I need to back up the collapse in Holland ? No I don't.
Do I need to back up the FACT that the banks have PUBLICLY STATED they are no longer following official interest rates ? No I don't.
Sorry which part of my post is shit ?
You idiot - take the blinkers off and have a good look sunshine.
Firstly the future is not about me, it's not about the 2.6%, it has everything to do with the state of the whole globe including Asia.
I see that you are also tossing away the "slow melt" theory of the writers from macro - is that right? Because your personal prediction is far more dire than anything that I have heard fro LVO, David, or DE.
Can you tell me why you disagree strongly with their views, and why we should accept your view over their more tempered outlook.
Well done Peter, finally you are catching on - maybe all that time reading my posts and being humiliated by all and sundry over at Macrobusiness has finally allowed some of what we are all saying to sink in.
Completely shell shocked by your frank and honest conversion to our way of thinking.
Credit where credit is due mate - Kudos to you for listening to us - even if its taken all this time.
Now that you have joined our side and seen the light, maybe you can start to convince the other numb nuts around here what the real issues are.
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