By: wealthforlife@rocketmail.com
1/06/2009
9:04 am Yahoo! Profile:
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sly_guy_nsw;
What a load of bunkum youve been posting all over these message boards under about 10 different IDS.
You and your cronies[ IDS] tell people to save save save etc.
That is the craziest thing I have ever read on these boards.
You all need your heads examined.
The worst thing to do when the economy is in a downturn is to stop spending.When people stop buying products,businesses go broke,people lose jobs and the whole system collapses.
You are a bunch of self serving idiots with hidden agendas,one of which is to see Australia fall apart at the seems.
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By: sly_guy_nsw
1/06/2009
7:15 am |
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By: rodneythesaviour
30/05/2009
6:12 am Yahoo! Profile:
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Hello Everyone!
Just thought I would drop in to leave a couple of comments prior to my heading down to the cafe to chat with my mates over breakfast.
I realise that jaymarcel, (sorry jay) may be a little upset by what I am about to pen..... nevertheless, here we go -
Good post sly_guy_nsw!
As a person who has managed to accumulate personal wealth as a result of both monies earned over the years from the rental of properties which I had bought as investments and from the subsequent sale of those properties (...last property sold only recently) for amounts which are in each case far in excess of the prices which I paid for them...
..I CAN CONFIRM THAT NOW IS THE TIME TO SELL AND NOT TO BUY PROPERTY.
Simply put. If they have not already done so, property investors are now busy offloading the properties they have which they purchased years ago.
These investors realise only too well that property values have now reached such a point that the difference between the amount which they originally purchased the property for and the current "book" value is so great that there is no better time to "cash in ones chips" and take the profit to the bank.
What we are seeing now, (as you mentioned in your post below sly_guy_nsw) is the result of these efforts by property investors... Many properties for sale which upon close inspection are seen to be rental properties or ones which until only recently have been utilised as such. |
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By: sly_guy_nsw
30/05/2009
5:53 am |
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By: rickyrollings
28/05/2009
6:08 am Yahoo! Profile:
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EXCELLENT POINT mentawaisurf
Although the "recovery" shall occur in time... It will be a long, long time before the world economies return to the level of prosperity which we all benefited from until so recently.
This will be a long and drawn out period of economic challenge for many and the "recovery" from it shall not occur as quickly as some of these so called "experts" would have us believe.
Accordingly, we all need to accept the reality of the situation we find ourselves in and PREPARE.
Taking appropriate actions in order to prepare to protect oneself from the worst of the economic crisis shall also prepare one for the recovery as and when that does indeed occur.
Those who do prepare for the worst shall therefore be in a good position to benefit from whatever financial opportunities present themselves a sand when the recovery occurs.
Along with many others on this BLOG and similar BLOG`s I urge everyone to prepare for the worst if you have not already done so.
ACT to secure your financial future. |
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By: mentawaisurf
27/05/2009
10:51 pm Yahoo! Profile:
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WASHINGTON (AP) -- More than 90 percent of economists predict the U.S. recession will end this year....
More than 90 percent of economists did not predict the U.S. recession...
We saw reckless greed on Wall Street, and with banks globally, who fueled the investment mania that inevitably led to collapse. We saw blind hubris and ineptitude by our economists and so-called experts who failed to predict or warn of an obvious asset and debt bubble that was near bursting. There opinions no longer deserve any credibility. |
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By: rickyrollings
27/05/2009
7:34 pm Yahoo! Profile:
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steve_b_wilson has the right approach and we should all support him.
FELLOW CITIZENS - If you have not already joined steve_b_wilsons CRUSADE to alert and inform the populace to the pending economic storm... Join him and all of us who support his efforts now!
To everyone we say:
PLEASE get your heads out of the sand and get ready!
It will not be long now. Are YOU really prepared for the pending economic collapse? Because the government has already spent everything and got little if nothing for it.
**AUSTRALIAN ECONOMY CONTINUES TO FALTER**
Despite all the positive blarney and "wishful thinking" which we often see posted on these BLOG`s the facts remains the same...
OUR economy like that of many other countries in the world is in serious trouble.
Check out the latest news from WESTPAC .. (The article - "ECONOMY CONTINUES TO FALTER" is posted right here on Yahoo Finance News). Refer to it if you still have doubts...
And.. Something than none of us should in my oppinion ever forget... Since we are a relatively small country (population wise) any significant negative economic occurrences are far less easily absorbed.
Simply put -
If 1000 people lose their jobs in a country with a large population the roll on negative effect of such is hardly noticed, (other than by those who lost their jobs of course)..
BUT.. If 100 people lose their jobs here .. It is headline news.
Has everyone been reading the news headlines recently...? Because there are lots of job losses occurring in most parts of the nation.
It will take some time before the negative effect of these continuing job losses is felt.. But you better be ready for it when the negative effects of all these citizens losing their jobs become only too obvious to each of us.
Ther eis nothign wrong with a positive approach..
But a REALISTIC and INFORMED positive approach is far more effective.
The economic crisis is REAL.
AUSTRALIA - ECONOMIC DISASTER LOOMS |
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By: steveb_wilson
26/05/2009
5:05 am |
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By: sly_guy_nsw
16/05/2009
10:42 pm Yahoo! Profile:
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GREED OF THE MINORITY = PAIN FOR THE MAJORITY
Dear citizens of this wonderful nation -
Despite the lies of thos who would try to convince you that property prices are not falling .. Have no doubt.. The fall in prices has already begun and shall become more and more noticeable as the year goes by...
Undoubtedly - ECONOMIC DISASTER LOOMS!
Despite the efforts initiated worldwide, many of the same people who "guided the willing believers into the swamp which had been advertised as prime building land" are now still "sitting pretty" financially.. many still retaining the same if not similarly "responsible" positions within the same entities which they had prior to and during the recent worldwide ECONOMIC COLLAPSE.. Furthermore, whilst still living in luxury on monies they secured or are currently receiving in "compensation" .. many have not in any way offered appology to those who`s lives they have so permanently damaged for their selfish and destructive actions and continue to dispute that any of what happened was actually a result of their misguided and/or improper activities..
How might such people be punished?
What punishment would be appropriate?
....Drawing and Quatering in the market square is no longer allowed... At least, not in Oz or the USA I think..(?)
Maybe to just forgive would be best?
...But certainly NOT forget! Lest the same mistakes as those which were made in the past be made again.... |
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By: tseliot70
16/05/2009
12:45 pm |
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By: gillravanski
16/05/2009
9:09 am Yahoo! Profile:
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| I've never ever written anything in a forum before but felt a need to today. I browse through this forum and another one a couple of times a week for things of interest because I look after my mothers finances for her. When I read herethat riotinto wass raising capital I rang her superfund because she has mutual funds and some shares in her super. Her super has gone down alot and I thought she might lose more. One hour later they rang back and told me it it wasn't true. Now thats what I call a waste of time. |
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By: tseliot70
16/05/2009
8:05 am |
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By: danwaltron
16/05/2009
7:40 am Yahoo! Profile:
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Mentawaisurf, I have no problem with a messenger providing he or she tells the truth. You are obviously an individual who is querulous by nature and consider it your social responsibility to be a harbinger of bad news and to foreshadow gloom. Unfortunately, in your haste to fulfill that requirement, you have lost track with what is true and what is not.
You claimed Rio Tinto stopped trading to call a capital raising and they HAVE NOT. You claimed three quarters of China's factories are in the process of closing or have closed and they HAVE NOT.
If you have any evidence to the contrary besides your own confabulations, please post the appropriate link so that they might be examined by someone a little less biased than you.
In the interim, why don't you just apologise to this forum for your deceptions and distortions and make a personal commitment to tell the truth in future? Give us all the bad news you want, just TELL THE TRUTH! |
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By: economydeveloping
16/05/2009
3:33 am |
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By: mentawaisurf
16/05/2009
12:57 am Yahoo! Profile:
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Don't shoot the messenger Dan. Instead I suggest you direct your frustration towards the management of these companies, like Rio Tinto, who took on way too much debt by acquiring companies at the peak of the cycle, like Alcan, so they could maximise their personal bonuses. That is more related to the subject of this post - greed.
However, if you have a problem with the Rio comment from the Telegraph Newspaper then email your complaint to them.
As for the direct quote I cut and pasted from an article on China's factory closures several weeks ago, I read so many similar articles online daily that I can't be expected to file a record of every one. Needless to say the thousands of articles that are listed on google under this subject speak for themselves. Take the time to check them out for yourself rather than waste ours with donnish digressions from the topic. |
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By: danwaltron
15/05/2009
8:37 pm Yahoo! Profile:
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Mentawaisurf said, 'Rio ARE IN a capital raising'.
Several hours later he says, "it's LIKELY Rio will do a capital raising...."
Mentawaisurf, do you not have sufficient English skills to understand that the above statements are mutually exclusive or are you simply someone who wants to create mischief and/or propaganda?
Further, when your claim that 2/3 of China's factories are either closed or closing is challenged and a source for your information is requested, you simply say "search (the internet) for yourself". Mentawaisurf, the burden of proof doesn't reside with ME or anyone else challenging your ridiculous claims and false quotes and claims. YOU made the assertion that these quotes have come from a legitimate source and now it is up to YOU to prove it. I strongly suspect that is no source and you cannot provide anyone with a link to your so called "quotes". In truth, you've made up these so called "quotes". One might only guess at what compels behaviour such as yours but in my view, you are a compulsive fabulist and it is people like you who give websites like this one a bad name. This is truly a shame, because many retirees who are not in the position to avail themselves of legitimate paid advice come to free sites such as this for self education. As such, I would strongly advise any individuals who may be perusing this site for the purposes of self education to be aware that information provided by some posters simply cannot be trusted. |
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By: mentawaisurf
15/05/2009
5:03 pm Yahoo! Profile:
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Dan, I'd be defensive too if I was a Rio shareholder, although if BHP didn't want them neither would I, because they are obviously needing to raise capital. They are trying to convince investors and regulators that the accord signed in February with Chinalco is the best way to slash the company's $39 billion debt. It was the Telegraph newspaper this week that reported Rio may drop the deal in favor of a five billion pound ($7.6 billion) rights issue. Rio will consider selling shares, bonds or more assets. It will also look at rescheduling debt, or a combination of the four options. The deal with Chinalco is subject to approvals and even if it does go through and is completed it's likely Rio will do a capital raising at the same time anyway. Their debt position is a real concern for them, even BHP wouldn't touch them after performing due diligence, and it should be a real concern for their shareholders too.
The article extract I quoted from several weeks ago now actually read "up to two-thirds of China's factories have either closed, are closing or face potential closure". A search for the source resulted in thousands of articles on 'factory closures in China' so you can search for yourself but the theme of all these artciles is the same; 70,000 Chinese factories close down - 20 million migrants unemployed......etc. etc. |
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By: danwaltron
15/05/2009
3:33 pm Yahoo! Profile:
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"When we have large bluechips raising badly needed capital, like Rio Tinto"
If Rio Tinto a "raising badly needed capital", they must have made an announcement. WHEN?? You also say in a previous post that 3/4 of the factories are closed in China. WHERE?? What newspapers are you people reading? I hold Rio and I haven't heard of a capital raising. I've just had a business trip to China and didn't I didn't see 3/4 of the factories closed.
You people make it up as you go along. Don't you realise that amateur investors come to forums like this one and are frightened by the utter nonsense they read?? You either have absolutely no idea about the subject you address or are simply mischievous and feel no sense of responsibilty or integrity. No wonder this forum has such a bad reputation. |
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By: economydeveloping
15/05/2009
10:08 am |
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By: mentawaisurf
14/05/2009
4:45 pm Yahoo! Profile:
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When we have large bluechips raising badly needed capital, like Rio Tinto, while others cut dividends, like the CBA just cut their dividend for the first time since 1991, it does not bode well for our smaller companies and their outlook.
Capital raisings, increasing bad debts and dividend cuts will be the growing trend moving forward - and with it falling share prices. |
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By: jaymarcel
14/05/2009
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| Hey I think I can see it just around the corner, here it comes hope you all bought in this short cheap period. |
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By: jkueh
14/05/2009
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human are all greedy. why hold on to stocks when the value has increase to more than 20%.
do you believe the gov can rescue this economic turmoil so easily by printing money? everyone seem to dreaming that the market to bound for sharp recovery when they has neglect the fundamental strenght and health of the world economy. Business is still suffering, people are losing job. Get out of the dire water before its drowns you.
I have sold all my share. 15% returns is handsome. dont be greedy. wait for another bottom. |
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By: economydeveloping
13/05/2009
8:55 am |
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By: dr.xingli
12/05/2009
7:19 pm |
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By: sly.gal_nsw
10/05/2009
11:01 pm |
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