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 (23,228 Views)
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
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.
You need to get some new material Rufus. When ever you know you have nothing you resort to this line of attack.
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
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...............
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
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.
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?
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.
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