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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.
Topic Started: 23 Jan 2013, 05:47 AM (23,228 Views)
Rufus
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Simon_S
7 Nov 2016, 10:27 PM
Rufus its very self explanatory if you bother to read it.

Are you too saying it is Irrelevant to today's economics?

Are you too saying that debt does not matter?

What part of the Document do you find fault with?
If it's self explanatory it won't be a problem for you to explain it.
We are waiting Simon. Hop to it.

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
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Simon_S
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Rufus
7 Nov 2016, 10:32 PM
If it's self explanatory it won't be a problem for you to explain it.
We are waiting Simon. Hop to it.

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.
Is this another one of your poor attempts at looking Intelligent? We both know your not smart enough to play that game.

Read the Document and Come back to me when you think you Find fault with any part of it.
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Rufus
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Simon_S
7 Nov 2016, 10:42 PM
Is this another one of your poor attempts at looking Intelligent? We both know your not smart enough to play that game.

Read the Document and Come back to me when you think you Find fault with any part of it.
You don't understand what you post do you?
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
7 Nov 2016, 10:56 PM
You don't understand what you post do you?
Quote:
 
Is this another one of your poor attempts at looking Intelligent? We both know your not smart enough to play that game.


Right as Usual........

You need to get some new material Rufus. When ever you know you have nothing you resort to this line of attack. :z: :z: :z:

But hey If you had a clue you would address the Facts. Oh wait you will most likely try this line: IN YOUR OWN WORDS.......

OR

STOP POSTING MATERIAL FROM THE IMF,OECD,BIS and other Credible Economic Institutions as it really hard to argue with said documents

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Rufus
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Simon_S
7 Nov 2016, 11:10 PM



Right as Usual........

You need to get some new material Rufus. When ever you know you have nothing you resort to this line of attack. :z: :z: :z:

But hey If you had a clue you would address the Facts. Oh wait you will most likely try this line: IN YOUR OWN WORDS.......

OR

STOP POSTING MATERIAL FROM THE IMF,OECD,BIS and other Credible Economic Institutions as it really hard to argue with said documents
Go one, explain what you have posted.

Here it is again -

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.


Haven't got a clue have you???
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
7 Nov 2016, 11:14 PM
Go one, explain what you have posted.

Here it is again -

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.


Haven't got a clue have you???
LOL..........heres Your next reply with this Routine Rufus.

Quote:
 
Well If you don't know well then I'm not going to explain it to You


SO predictable poor old Rufus.

Now you can Pretend you have some how won and that I should be vanquished forever more...............

AHAHAHAHAHAHAAHAHAHAHAHHAHAHHAHAHAHHA

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Rufus
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Simon_S
7 Nov 2016, 11:35 PM
LOL..........heres Your next reply with this Routine Rufus.




SO predictable poor old Rufus.

Now you can Pretend you have some how won and that I should be vanquished forever more...............

AHAHAHAHAHAHAAHAHAHAHAHHAHAHHAHAHAHHA
All I'm asking you to do Simon is explain to all of us the significance of what you have posted.
That shouldn't be difficult, you did say it was "self explanatory" so this will be child's play for you.

Here it is again -

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.


Now tell us what all of that means....
Take risks - if you win you will become wealthy, if you lose you will become wise
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Simon_S
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Rufus
7 Nov 2016, 11:44 PM
All I'm asking you to do Simon is explain to all of us the significance of what you have posted.



The Significance is this:

Quote:
 
Over the past 150 years, Australia has experienced two macroeconomic
depressions, both of which coincided with worldwide depressions.1 The first of
these was in the 1890s and the second in the 1930s. These were also times of
financial distress both domestically and in the rest of the world. For Australia
there were many similarities across both depressions. Indeed Sinclair (1965, p. 85)
suggests: ‘There is such an obvious similarity between the economic depressions
which occurred in Australia in the 1890s and the 1930s
that it is tempting to
suggest that history was repeating itself in the latter case’.
2


Now if you cannot GRASP the SIGNIFICANCE of this Statement then I can't help you.
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Rufus
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Simon_S
8 Nov 2016, 12:16 AM
The Significance is this:




Now if you cannot GRASP the SIGNIFICANCE of this Statement then I can't help you.

Well the statement that I first quoted is this -

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.


the author is saying that there are differences between the two depressions in the economic performance due to different conditions relating to the six indicators listed.
(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.

In the next statement you quoted this -

Over the past 150 years, Australia has experienced two macroeconomic
depressions, both of which coincided with worldwide depressions.1 The first of
these was in the 1890s and the second in the 1930s. These were also times of
financial distress both domestically and in the rest of the world. For Australia
there were many similarities across both depressions. Indeed Sinclair (1965, p. 85)
suggests: ‘There is such an obvious similarity between the economic depressions
which occurred in Australia in the 1890s and the 1930s that it is tempting to
suggest that history was repeating itself in the latter case’.2


Sinclair (whoever he is) is now suggesting that the two depressions were almost identical. He said this -

"There is such an obvious similarity between the economic depressions
which occurred in Australia in the 1890s and the 1930s that it is tempting to
suggest that history was repeating itself"


Why do you think one observer saw differences in the economic performance between the two depressions but Sinclair only saw similarities, and how do you think that will affect us in 2016 - 74 years after the last depression and 126 years after the first one.

You keep quoting these two depressions so you are obviously afraid of them.

Would you like to explain what you are afraid of?

Do you think the end of the gold mining boom in Victoria had a bearing on the depression in the 1890's.

Here is a quote for you to consider -
"The gold rush left an indelible mark on the infant colony and within 20 years Victoria had transformed from a backwater outpost of the colony of New South Wales to become the richest jurisdiction in the world with a prosperous economy, widespread democracy and a thriving society." LINK

What do you think happened in Victoria when the gold ran out and the population declined?

In your own words - what are your thoughts?






Edited by Rufus, 8 Nov 2016, 12:40 AM.
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Simon_S
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The Papers title is "2 Depression, 1 Banking Collapse" is it not?

Quote:
 
There is such an obvious similarity between the economic depressions
which occurred in Australia in the 1890s and the 1930s that it is tempting to
suggest that history was repeating itself in the latter case’.2 However, in this paper
we highlight one of the major differences between the two depressions. Namely,
the 1890s involved the collapse of a significant proportion of the Australian
financial system, whereas the disruption to the financial system in the 1930s was
comparatively mild.


Maybe you should read the document............Yes here it is again:

Quote:
 
However, in this paper
we highlight one of the major differences between the two depressions. Namely,
the 1890s involved the collapse of a significant proportion of the Australian
financial system, whereas the disruption to the financial system in the 1930s was
comparatively mild.


Quote:
 
Differences in real external
factors and government policies were not sufficient to explain variation in the
performance of the financial sector.




Edited by Simon_S, 8 Nov 2016, 12:51 AM.
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