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Chris Becker of Macrobusiness adds deception to his potentially illegal share spruiking activites; Digging a bigger hole by re-writing history
Topic Started: 7 May 2012, 12:34 PM (4,934 Views)
stinkbug
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Sydneyite
7 May 2012, 05:26 PM

EDIT: Not believing in "the inevitable crash" does NOT imply that you think everyone should rush out and borrow to the max to purchase property now at this instant. It might mean though that selling to rent in speculation of profiting from a large fall in prices might not be such a great idea, or at least that this idea might carry a lot more risk than many bears who have done it think. It is certainly a VERY different thing compared to the type of stock "pump and dump" scenario we might be looking at with the MB guys here, and that's without even getting into the clear legal / regulatory differences between the scenarios.
This.

Despite what a number of people here seem to think, there IS actually a middle ground. And it's also the most likely scenario based on where we are now.
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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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Shadow
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Evil Mouzealot Specufestor

genX
7 May 2012, 10:14 PM
Odd that you've read it and completely missed the message. Your signature alone indicates you don't understand the concept.
Strange that you've read it and utterly misunderstood the concept. Your lack of signature alone indicates you smell like a goat.

<everyone, insert you own equally bizarre, irrelevant and pointlessly tangential declaration here>
Edited by Shadow, 7 May 2012, 10:37 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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genX
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stinkbug
7 May 2012, 10:21 PM
This.

Despite what a number of people here seem to think, there IS actually a middle ground. And it's also the most likely scenario based on where we are now.
Do you have the equations for this equilibrium condition?

Because mathematicians/econometricians have searched for them for at least 4 decades and haven't found them.

None of the equations that have come from the field of economics have an equilibrium condition, but if you have research that says otherwise, there is a lot of interest in the subject, and a lot of money too. It's like the holy grail of economics. Let us know when you are published.

Until you are published, I think I will take a risk and punt on there being no equilibrium condition, and trade accordingly.
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stinkbug
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genX
7 May 2012, 10:38 PM
Do you have the equations for this equilibrium condition?

Because mathematicians/econometricians have searched for them for at least 4 decades and haven't found them.

None of the equations that have come from the field of economics have an equilibrium condition, but if you have research that says otherwise, there is a lot of interest in the subject, and a lot of money too. It's like the holy grail of economics. Let us know when you are published.

Until you are published, I think I will take a risk and punt on there being no equilibrium condition, and trade accordingly.
Really? You think pretending to be an economic genius is going to change anything?

The simple fact is that there is a middle ground that exists between "the sky if falling" and "buy now or miss out forever".
---------------------------------------------------------------

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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genX
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Quote:
 
Really? You think pretending to be an economic genius is going to change anything?

Do you think wishful thinking is going to change anything?
Quote:
 
The simple fact is that there is a middle ground that exists between "the sky if falling" and "buy now or miss out forever".

This simple fact is a fact of assertion? Sound's like a simple philosophical position rather than a fact.
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stinkbug
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genX
7 May 2012, 11:25 PM

Do you think wishful thinking is going to change anything?


This simple fact is a fact of assertion? Sound's like a simple philosophical position rather than a fact.
Is it your assertion that there is no middle ground between property booming and property busting?

Perhaps you could answer the question instead of avoiding it. If you don't know, say so!
---------------------------------------------------------------

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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NotFooled
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The Bear Whisperer

genX
7 May 2012, 11:25 PM
Do you think wishful thinking is going to change anything?

You seem to think so, but no matter how many wishes you make and no matter how many times you click your heals together, you ain't going to get your crash.

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nipa hut
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Shadow
7 May 2012, 10:35 PM
Strange that you've read it and utterly misunderstood the concept. Your lack of signature alone indicates you smell like a goat.

<everyone, insert you own equally bizarre, irrelevant and pointlessly tangential declaration here>
So this is now what passes for argumentation from the bull perspective?!?!

Oh, dear...

:lol :lol :lol
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genX
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Quote:
 
Is it your assertion that there is no middle ground between property booming and property busting?

Yes! My definition of 'busting' is at least a 15% drop in nominal terms, and same for 'booming'.
Quote:
 

Perhaps you could answer the question instead of avoiding it. If you don't know, say so!

Your question was, and I quote "Really? You think pretending to be an economic genius is going to change anything?". That's not the same question as "Is it your assertion that there is no middle ground between property booming and property busting?".

I thought your first question was rhetorical, as it had no subject in it. But to answer it, no, I don't think in general that pretending to be an economic genius changes very much, unless you are a con-artist, and then it might change the success rate of your cons. Did you mean to ask "Do you think that by pretending to be an economic genius you are going to change anything?". Because that is an entirely different question.

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genX
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NotFooled
8 May 2012, 08:34 AM
You seem to think so, but no matter how many wishes you make and no matter how many times you click your heals together, you ain't going to get your crash.
In what time frame?
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