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Perth property sets new all time high.; Bears smashed, again.
Topic Started: 10 Jun 2013, 06:43 PM (52,413 Views)
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Mike
17 Aug 2013, 03:32 PM
You missed some key data out this week for the US

Jobless benefits declined to 320,000 the lowest level in 6 years (October 2007).

Retail sales of motor vehicles rose 9.5% which is attributed to slower growth in retail shopping as consumers are presently spending more on big items which had been put off over the previous 5 years. Even so retails sales of clothing and accessories increased 3.8%.

Despite your claims most economists say the US economy is accelerating unemployment is falling the property market is growing strongly even if it did miss expectations.

The US economy is strengthening despite massive cuts to Government spending and congress doing all it can to derail the economy. I notice how bears no longer talk of government cuts derailing the economy anymore, just as I said it would not. You also over play the importance of the Fed QE policies, its affects will be temporary and short lived when fully withdrawn. In my opinion the sooner the Fed withdraws the QE program's the better, the economy no longer needs it.
Have you heard about the ageing nations and the unfounded liabilities?
Our own future fund is only $130 billion short and most in the EU are in far, far worse shape.

Basing anything on the past, with favourable demographics, is mad as batpoo.
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Veritas
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Strindberg
16 Aug 2013, 08:07 PM
None of that alters the fact that you falsified the claim of another poster.

I will continue to expose your dishonest attempts to totally misrepresent innocent people and present lies to this forum.

Unlike yourself (with your hypocritical ID) I am interested in truth. It doesn't matter a jot how much you wish to censor exposure of your lies. I will continue to expose your lies whenever I choose to.

Misrepresenting others and then trying to ban corrections will not bring you a cheap house.

Just write the truth if you don't wish to be exposed.

12.7% so far since your doomer talk, where you live.
What? like housing costs to income havent changed since 1994 you lying astroturfing prick.

How do you explain this then?

Posted Image
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Strindberg
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Veritas
17 Aug 2013, 04:02 PM
What? like housing costs to income havent changed since 1994 you lying astroturfing prick.

How do you explain this then?

.........
Nothing in that post is relevant to the post to which you were responding, and nothing in it has any relevance to this thread.

But I'm not surprised you are using diversion to hide and refusing to face up to your deception of misrepresenting another poster and then trying to ban exposure of your deceitful action.

With regard to your complaint above you are merely repeating a post with which you opened a 14 page thread four months ago. You were thoroughly demolished in that thread in which even the meaning of LVR had to be explained to you. The ABS data, which you continue to reject without grounds, was explained and seen to be fully supported.

The thread is here:
http://australianpropertyforum.com/single/?p=8390211&t=9861884
You received no support. None, even Dr Watson questioned your purpose.

Posted Image
Edited by Strindberg, 17 Aug 2013, 04:45 PM.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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newjez
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Veritas
17 Aug 2013, 04:02 PM
What? like housing costs to income havent changed since 1994 you lying astroturfing prick.

How do you explain this then?

Posted Image
It's a pity he doesn't apply the same high standards to his own posts. But whenever you pull him up it's always some vague words to the effect of - 'oh I don't know why the figures differ - I got it from a trusted source - you can't hold me responsible if the sources figures differ from yours'.

The man is the slipperiest eel in the eel pool. Upholding the truth my arse.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Veritas
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Strindberg
17 Aug 2013, 04:40 PM
Nothing in that post is relevant to the post to which you were responding, and nothing in it has any relevance to this thread.

But I'm not surprised you are using diversion to hide and refusing to face up to your deception of misrepresenting another poster and then trying to ban exposure of your deceitful action.

With regard to your complaint above you are merely repeating a post with which you opened a 14 page thread four months ago. You were thoroughly demolished in that thread in which even the meaning of LVR had to be explained to you. The ABS data, which you continue to reject without grounds, was explained and seen to be fully supported.

The thread is here:
http://australianpropertyforum.com/single/?p=8390211&t=9861884
You received no support. None, even Dr Watson questioned your purpose.

Posted Image
Strindberg, you are the one with the sig claiming that housing costs havent changed to income since 1994.

What I posted is the census data which as you know quite well shows the that claim is total bullshit.

So don't go round accusing me of being dishonest you prick.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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Perthite
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Mike
17 Aug 2013, 03:32 PM
You missed some key data out this week for the US

Jobless benefits declined to 320,000 the lowest level in 6 years (October 2007).

Retail sales of motor vehicles rose 9.5% which is attributed to slower growth in retail shopping as consumers are presently spending more on big items which had been put off over the previous 5 years. Even so retails sales of clothing and accessories increased 3.8%.

Despite your claims most economists say the US economy is accelerating unemployment is falling the property market is growing strongly even if it did miss expectations.

The US economy is strengthening despite massive cuts to Government spending and congress doing all it can to derail the economy. I notice how bears no longer talk of government cuts derailing the economy anymore, just as I said it would not. You also over play the importance of the Fed QE policies, its affects will be temporary and short lived when fully withdrawn. In my opinion the sooner the Fed withdraws the QE program's the better, the economy no longer needs it.
So basically Mike what your trying to say is you believe in the recovery... so gold will tank.

This will cause the gold industry in WA to keep unwinding like it is currently while the mining investment boom reverses.

Double trouble then... from Mike.
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miw
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Poontang
17 Aug 2013, 09:42 AM
Must be reading different news to you...

US consumer confidence dips; housing starts miss

US consumer sentiment ebbed in August and residential construction rose less than expected last month, potentially dimming hopes of an acceleration in economic activity in the third quarter.
Seriously most of the news out of the US has been pretty positive economy-wise the past couple of months. You can always pull out some bad numbers out of the volatile series, but most of the leading indicators are consistent with a modest but accelerating recovery. The concurrent indicators just show an exasperatingly slow recovery but a recovery nevertheless.

Here's a good page on the main concurrent indicators that gets updated whenever ne news comes in.

How the stock market reacts is only of secondary interest on that front, but I do take the slow creep up of long-term bond yields as a positive sign.

The wildcard, as ever, is Europe and for the first time in a long time that is looking a bit positive as well. China's exports to Europe has a surprise jump last month, even though the Eurozone's trade surplus increased at the same time. (imports and exports both rose).

One indicator that I watch carefully which is advising caution is the YoY %change of the NFP. It has stalled out at 1.7%. If it turns over and goes down below 1%, then look out!

Posted Image
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Pig Iron
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Bogan scum

Im just sitting down to a cider and woodfired pizza with friends.
Leading indicator to a hang over
I am the love child of Tony Abbott and Pauline Hanson
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mel
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whats on the pizza?
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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Strindberg
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newjez
17 Aug 2013, 05:12 PM
It's a pity he doesn't apply the same high standards to his own posts. But whenever you pull him up it's always some vague words to the effect of - 'oh I don't know why the figures differ - I got it from a trusted source - you can't hold me responsible if the sources figures differ from yours'.

The man is the slipperiest eel in the eel pool. Upholding the truth my arse.
I see you are learning well from Veritas at the art of misrepresenting the statements of other posters. You just made up that shit which you maliciously attribute to me. But of course, I'm not surprised you are reverting to dishonesty - you lose every single discussion and your lies are true to your form.

As I pointed out to Veritas, being dishonest will not get you the Armageddon which you hope and crave for and that cheap house in Perth at others' expense of which you are both dreaming.

You said you were going to ignore me and that's fine, but if you are going to continue to abuse me as above I'm happy to respond in kind to dishonest fuckfaces like yourself.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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