I'm doing nothing about it. How would it benefit me to complain to ASIC? I don't give a toss for the sycophantic followers of MB bloggers who lose their shirts buying Becker's latest share tips. Much more fun for me to being giving Leith van Onselen, Chris Becker and David Llewellyn the shits. They have already complained about me to Alex, so he reported here, so I know I'm being effective. They annoyed me on Macrobusiness by being rude to me for correcting them and then banning me. Try googling Leith van Onselen and see if you can avoid a giggle. Exposing them as clear flouters of ASIC regulations pisses them off and is fully justified. I suspect we'll see no more shares they own being spruiked on macrobusiness - they are now too shit scared now they have been exposed as possibly criminal spruikers.
What narks me most about MB is the hypocrisy. They slag off property investors as being unproductive and complain about a lack of manufacturing and productive work in Australia. And what do they do? They all work in leeching finance in merchant banks and second-hand share trading outfits. They stink.
So there's no point of principle involved in any of these recent posts, just a personal animus caused by being banned from MB.
That's refreshingly honest--if a little worrying, considering how much effort you invest in these anti-MB screeds, for a psychic return that amounts to pure spite.
But poor Shadow seems to be labouring under the delusion that there's some point of principle involved, in attacking MB, but not Chris Joye, for the same supposed sins. You should really rescue Shadow from his misapprehension.
Both sites spruik, but only one allows you an occasional voice. And therein lies the only appreciable difference between them.
I don't see how you could reasonably argue, Shadow, that Joye has not promoted the "RP Data-Rismark’s daily hedonic home value index, which is also published by the Australian Stock Exchange".
He has promoted its existence, and the fact that it is fairly unique in being the first ever listed house price index in the world or something like that, but he hasn't given advice or recommendations on what people might choose to do with the index... go long, or short, ignore it or whatever. I don't think ASIC would be interested in that type of 'promotion'... it would be like promoting the fact that the ASX200 index exists.
But poor Shadow seems to be labouring under the delusion that there's some point of principle involved, in attacking MB, but not Chris Joye, for the same supposed sins.
CJ isn't a licensed financial adviser (as far as I know) and he hasn't given advice or recommendations on any specific shares or indices.
So I don't really see the relevance of CJ to this discussion.
One of my reasons for exposing the blatant hypocrisy and misinformed views of Macrobusiness include a similar reason to that offered by Strindberg - i.e. David Llewellyn-Smith was very rude to me, and then he banned me, simply because I pointed out one of his many errors. But that's not my only reason for highlighting their mistakes. I also do it for the same reason that many of us here debate the various issues on this forum... I am argumentative, and when I see people presenting false information, I like to correct them and set the record straight. It's not as if Strindberg and myself only target Macrobusiness.
Similarly, the bears here target their attacks towards people like Chris Joye, Andrew Wilson and other so-called 'vested interests' and 'spruikers'.
So there's no point of principle involved in any of these recent posts, just a personal animus caused by being banned from MB.
That's refreshingly honest--if a little worrying, considering how much effort you invest in these anti-MB screeds, for a psychic return that amounts to pure spite.
But poor Shadow seems to be labouring under the delusion that there's some point of principle involved, in attacking MB, but not Chris Joye, for the same supposed sins. You should really rescue Shadow from his misapprehension.
Both sites spruik, but only one allows you an occasional voice. And therein lies the only appreciable difference between them.
We all have own own reasons for what we do but Shadow is quite correct in distinguishing between the actions of MB and Joye. ASIC, and it seems law, are quite specific about what they mean by financial advice. See the ASIC consultation paper I linked in the OP pages 8 and 9. There they refer to a specific precedence case which:
Quote:
turned on whether postings on the site constituted ‘reports about securities’ (and thereby fell within the definition of ‘investment advice’) within the meaning of the Corporations Law.
The key phrase is "reports about securities". The index which Joye blabs about is definitely not a security. Securities may come to be based on it but Joye has said nothing about those. On the other hand ASX:JBH and ASX:COH are securities which MB spruik and therefore fall "within the definition of investment advice" according to ASIC and apparently the law.
I agree. Talk on Michael Yardney's past sexual offence convictions are moved to the lounge on the basis that it is irrelevant to property.
LOL, once again BubbleBoy introduces his favourite subject to a totally unrelated thread. Obsessed much?
Maybe your Yardney rants get moved to the lounge because you repeatedly use them to derail unrelated threads?
This thread is about ASIC regulations, and how those regulations impact property and finance sites such as APF and Macrobusiness.
Therefore the subject is on topic in my opinion... unlike your weird sexual obsession with Yardney.
I bet you wouldn't even be allowed to bring up Yardney's history for discussion on Macrobusiness... they would just delete your Yardney rants on sight.
Try it. At least here you're allowed to get it all off your chest. And you do. Often. And in completely unrelated threads.
LOL, once again BubbleBoy introduces his favourite subject to a totally unrelated thread. Obsessed much?
Maybe your Yardney rants get moved to the lounge because you repeatedly use them to derail unrelated threads?
This thread is about ASIC regulations, and how those regulations impact property and finance sites such as APF and Macrobusiness.
Therefore the subject is on topic in my opinion... unlike your weird sexual obsession with Yardney.
I bet you wouldn't even be allowed to bring up Yardney's history for discussion on Macrobusiness... they would delete your Yardney rants on sight.
Try it. At least here you're allowed to get it all off your chest. And you do. Often.
What a post - does everything but address the point. Which is as follows:
Talk on Yardney's past sexual crimes was taken to the lounge because it was believed that it was not related to real estate.
Using that criterion, why should this MB topic NOT be taken to the lounge. ? Your explanation that "This thread is about ASIC regulations, and how those regulations impact property and finance sites such as APF and Macrobusiness." makes about as much sense as Yardney related comments staying on this area of APF because "that thread is about criminal laws, and how those laws and regulations impact on real estate developers such as Yardney"
(I do not believe I am obsessed with him - unlike your MB obsession - but you think what you want, your opinion just isn't that significant.)
Talk on Yardney's past sexual crimes was taken to the lounge because it was believed that it was not related to real estate.
Hello BubbleBoy. That's not true. Members are welcome to discuss a broad range of topics in the main forum. Politics, economics, real estate and other topics at my discretion. Sex crime isn't a subject I encourage in the main forum. If you wish to discuss sex crime, please take that subject to the lounge. Thank you. Further posts on that subject will be moved to the lounge.
Hello BubbleBoy. That's not true. Members are welcome to discuss a broad range of topics in the main forum. Politics, economics, real estate and other topics at my discretion. Sex crime isn't a subject I encourage in the main forum. If you wish to discuss sex crime, please take that subject to the lounge. Thank you. Further posts on that subject will be moved to the lounge.
OK, Alex, I respect and accept your decision.
My name is based on a Seinfeld character, not on a belief of a housing bubble.
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.
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