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Australia's one trick pony is heading out to pasture; Mining boom over, what's the next money maker? Troubling for Australia, there's nothing.
Topic Started: 16 Dec 2012, 11:17 PM (10,371 Views)
stinkbug
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Miles McCarthy
17 Dec 2012, 09:01 PM
timmy
17 Dec 2012, 08:50 PM
and yet so many bears on here think a housing collapse wouldn't touch them.

how do you idiots reconcile these 2 facts?
Everything in my life is on the short side you idiot.
Not biologically speaking, surely...?
---------------------------------------------------------------

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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Ex BP Golly
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timmy
17 Dec 2012, 08:50 PM
and yet so many bears on here think a housing collapse wouldn't touch them.

how do you idiots reconcile these 2 facts?
Ooooh sign me up.

Its all just to big to fail, so I need to buy a $350,000 second hand bed sit in Faorfeild just do wer don't wreck the economy.

WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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NotFooled
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The Bear Whisperer

Ex BP Golly
17 Dec 2012, 09:33 PM
Ooooh sign me up.

Its all just to big to fail, so I need to buy a $350,000 second hand bed sit in Faorfeild just do wer don't wreck the economy.
Still too mind numbingly thick to appreciate the point that an extreme economic crash would impact the bears as well. You'd do well to listen to Timmy.
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Miles McCarthy
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stinkbug
17 Dec 2012, 09:07 PM
Not biologically speaking, surely...?
Not that it's any of your business .... but no. Biologically blessed (I decline to offer photographic proof).

To expand, the business I am in is on the short side of markets. I am short property and equity and long cash. Even in an economic storm, I would be fine. However I am aware that this is not most people's position in the world, and most 'bears' would be as economically impaired as the bulls if there were a price crash and a severe recession.

So unto you I say, Crash Away!

NotFooled
17 Dec 2012, 09:35 PM
Still too mind numbingly thick to appreciate the point that an extreme economic crash would impact the bears as well.
Not all of them.
Quote:
 
You'd do well to listen to Timmy.

Not really.
Edited by Miles McCarthy, 17 Dec 2012, 09:41 PM.


The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.
H. L. Mencken

.
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NotFooled
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The Bear Whisperer

Miles McCarthy
17 Dec 2012, 09:40 PM

To expand, the business I am in is on the short side of markets. I am short property and equity and long cash. Even in an economic storm, I would be fine. However I am aware that this is not most people's position in the world, and most 'bears' would be as economically impaired as the bulls if there were a price crash and a severe recession.
What's your investment horizon for the short positions?
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Ex BP Golly
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NotFooled
17 Dec 2012, 09:35 PM
Still too mind numbingly thick to appreciate the point that an extreme economic crash would impact the bears as well. You'd do well to listen to Timmy.
Oh Im so scared.......Im going to help you buy your very first house little boy.


WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Shadow
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Evil Mouzealot Specufestor

Miles McCarthy
17 Dec 2012, 09:01 PM
Everything in my life is on the short side you idiot
I believe you can get a procedure for that now.

(Edit... AREPS.)
Edited by Shadow, 17 Dec 2012, 10:42 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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earthsta
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Miles McCarthy
17 Dec 2012, 09:40 PM
Not that it's any of your business .... but no. Biologically blessed (I decline to offer photographic proof).

To expand, the business I am in is on the short side of markets. I am short property and equity and long cash. Even in an economic storm, I would be fine. However I am aware that this is not most people's position in the world, and most 'bears' would be as economically impaired as the bulls if there were a price crash and a severe recession.

So unto you I say, Crash Away!


Not all of them.


Not really.



Is that you, son? :tu: :D
Edited by earthsta, 17 Dec 2012, 10:59 PM.
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Timo
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timmy
17 Dec 2012, 05:48 PM
agriculture and education.

that's two for you fuck knuckle.
Someones getting testy, you know as well as i do that the mining game is up.

Agriculture and education hey? Australia's short sighted idiotic governments are selling off our farms at a record pace to oversea's buyers, we wont even own the food our agriculture produces!

Education? , Australia is already getting a reputation for being a degree factory, overseas students pay the up front bills and walk out with a degree. We don't even have enough spots for our own kids to undertake university studies. Again, Australia is short sighted, the brain drain will continue.

Either way, both these industries will never be able to provide Australia with anything like the revenue we had recieved from mining.

Games over. House prices will tumble.
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
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Pig Iron
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Bogan scum

Timo
18 Dec 2012, 01:46 PM
Someones getting testy, you know as well as i do that the mining game is up.

Agriculture and education hey? Australia's short sighted idiotic governments are selling off our farms at a record pace to oversea's buyers, we wont even own the food our agriculture produces!

Education? , Australia is already getting a reputation for being a degree factory, overseas students pay the up front bills and walk out with a degree. We don't even have enough spots for our own kids to undertake university studies. Again, Australia is short sighted, the brain drain will continue.

Either way, both these industries will never be able to provide Australia with anything like the revenue we had recieved from mining.

Games over. House prices will tumble.
game over, like in 2009?

areps.
I am the love child of Tony Abbott and Pauline Hanson
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