A Storm is Brewing for the Australian Economy and Housing Bubble; Ignore the thunder, get washed away in the rain. Troubling combination of factors that cannot be ignored.
Tweet Topic Started: 23 Jan 2013, 05:47 AM (23,229 Views)
One of the bear blogs picks up on the title of the RBA's article, didn't read title but got excited and posted it. You being the scholar you are read the blog headline, obviously didn't read what the RBA posted either, and it made it's way here.
Seriously this is why the bears have had egg on their faces for a decade. You repeat crap about debt levels and record house prices without having a clue what it all means.
Good story Bro..........Provide evidence to support your claim otherwise we can only conclude you made it up to cover your dumb ass after painting yourself into a corner.
So what Blog is it?
Quote:
You repeat crap about debt levels and record house prices without having a clue what it all means
Oh so You're now saying that DEBT does not matter?
Private Debt was 45% of GDP in the 1930's Depression Private Debt was 75% of GDP in the 1890's Depression and Banking Collapse
But some how now when its 125% + the Outcome will be different because why exactly...........
Oh that's right I don't have a clue........but some how you do but can't provide any evidence to support your theory ?
Hows that Global recovery coming along Trollie..........Do we need a Global Economy to pay of all that DEBT i wonder.....
Good story Bro..........Provide evidence to support your claim otherwise we can only conclude you made it up to cover your dumb ass after painting yourself into a corner.
So what Blog is it?
Oh so You're now saying that DEBT does not matter?
Private Debt was 45% of GDP in the 1930's Depression Private Debt was 75% of GDP in the 1890's Depression and Banking Collapse
But some how now when its 125% + the Outcome will be different because why exactly...........
Oh that's right I don't have a clue........but some how you do but can't provide any evidence to support your theory ?
Hows that Global recovery coming along Trollie..........Do we need a Global Economy to pay of all that DEBT i wonder.....
No I disagree with with your reading the headline and not the article, then misquoting it to death.
Whens the crash arriving again?
Oh so your saying that the Title is Misleading and the RBA are mistaken?
What should the RBA have called the it then?
"Abstract"
Quote:
The depression of the 1890s in Australia was associated with the collapse of the banking system, whereas problems in the financial system during the 1930s depression were far less severe. This is despite the fact that the initial macroeconomic shock during the 1930s depression was at least as large as that during the 1890s depression. We show that variation in the performance of the financial sector during the two depressions was due to differences in the condition of the financial sector well before each depression. Differences in real external factors and government policies were not sufficient to explain variation in the performance of the financial sector.
It seems very clear what its about...........Must be too difficult for you comprehend I guess.
Quote:
The central argument of this paper is that variation in the performance of the financial system across the two depressions was primarily due to variation in the condition of the financial system prior to each depression. We show this by examining the behaviour of a range of indicators of financial stability over the decade prior to each depression.4 These indicators are: (i) the level and nature of investment; (ii) property market speculation; (iii) credit growth; (iv) capital inflows; (v) degree of risk management within the financial system; and (vi) competitive pressures in the financial sector.
What part do you not understand........
As for the Crash well its closer than Your Boom.......Just read Post 161. IMF HSBC BOA BIS all seem to say very soon.
Quote:
HSBC: RED ALERT -- Get ready for a 'severe fall' in the US stock market Deutsche Bank Singled Out in I.M.F. Stability Warning Bank of America's recession warning: This market is scary BIS China's banking system is flashing a red warning signal
It just gets better and better.........But not for you.
Let me give you some advice. Any time you find yourself typing "so you're saying...", you're twisting your own ideas into the discussion. This is not debating, or providing a logical argument. It's a sign of a lazy and dull mind.
No, you are just taking an article published in 1999 and thinking you can fool us all into believing it's related to current economic conditions. What's "very soon" mean? 10 years isn't most people idea of very soon, most people would say you are just clueless.
Oh so your saying that the Document and its Findings are no longer relevant to today?
Quote:
The central argument of this paper is that variation in the performance of the financial system across the two depressions was primarily due to variation in the condition of the financial system prior to each depression. We show this by examining the behaviour of a range of indicators of financial stability over the decade prior to each depression.4 These indicators are: (i) the level and nature of investment; (ii) property market speculation; (iii) credit growth; (iv) capital inflows; (v) degree of risk management within the financial system; and (vi) competitive pressures in the financial sector.
Which of those Indicators of Financial Stability Do YOU not believe is relevant to today?
LOL.....You wont need to wait 10 years for the Crash to arrive.........
Oh so your saying that the Document and its Findings are no longer relevant to today?
Which of those Indicators of Financial Stability Do YOU not believe is relevant to today?
LOL.....You wont need to wait 10 years for the Crash to arrive.........
can you explain this to us Simon.
The central argument of this paper is that variation in the performance of the financial system across the two depressions was primarily due to variation in the condition of the financial system prior to each depression. We show this by examining the behaviour of a range of indicators of financial stability over the decade prior to each depression.4 These indicators are: (i) the level and nature of investment; (ii) property market speculation; (iii) credit growth; (iv) capital inflows; (v) degree of risk management within the financial system; and (vi) competitive pressures in the financial sector.
Take risks - if you win you will become wealthy, if you lose you will become wise
The central argument of this paper is that variation in the performance of the financial system across the two depressions was primarily due to variation in the condition of the financial system prior to each depression. We show this by examining the behaviour of a range of indicators of financial stability over the decade prior to each depression.4 These indicators are: (i) the level and nature of investment; (ii) property market speculation; (iii) credit growth; (iv) capital inflows; (v) degree of risk management within the financial system; and (vi) competitive pressures in the financial sector.
Rufus its very self explanatory if you bother to read it.
Are you too saying it is Irrelevant to today's economics?
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