By: jaymarcel
30/10/2009
7:35 am Yahoo! Profile:
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I see from reading the news things are picking up for Australia, even houses have made a gain in every state.
Let the good times roll, I just hope that some of you out there enjoyed the winnings to be claimed on the sharemarket & now it is the property wave.
For the optimists out there there is still easy money to be had. |
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By: rodneysaviour2
29/10/2009
10:57 am Yahoo! Profile:
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Long ago, when in peril, a man I resepected once told me - "Be aware".
It took me many years to come to realise what he had really meant.
So much of our life is spent as if in a dream.. controlled by others, directed by them, influenced by them and often acting in certain ways because of them.
However, it is only be being AWARE ourselves that we can truly "find the right path".
My hope is that these posts which steve_b_wilson, I and others place on these BLOG's shall in some way encourage everyone to be AWARE of the fact that we are all now in great peril.
Be aware - Pending Economic Collapse! |
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By: jaymarcel
28/10/2009
8:56 am Yahoo! Profile:
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| Sorry to take so long getting back to you guy.longshank I've been away look for a place to bring up my family, thanks for your comments I will look into family trusts |
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By: peter.adish
27/10/2009
4:41 pm Yahoo! Profile:
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Take a look around.
It will take nothing less than a miracle to avoid the economic disaster of which many are posting comment on these pages.
BEWARE the over confident. For they shall quite possibly lead you to the depths of despair and encourage you to take risks that you would otherwise not take.
Better to be cautious and ensure your financial security in advance of the approaching storm. |
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By: guy.longshank1
17/10/2009
7:25 pm Yahoo! Profile:
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| By the way - If yo have not done so already, you might consider looking into family trusts .. Since you apparently own a number of properties. |
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By: guy.longshank1
17/10/2009
7:24 pm Yahoo! Profile:
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| Souds to me like you have your priorities in order jaymarcel. Becoming a parent shall change you more than you can imagine. Not just the way you think. But also what you think. What was important seems no longer so. Whereas what was low on your list of priorities may suddenly rise up to near the top or become your main objective. Whatever happens, I hope you will make the most of the experience since what little time you get to share in the joys of being a parent passes all too quickly. |
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By: jaymarcel
12/10/2009
12:46 pm Yahoo! Profile:
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Only time will tell guy.longshank, I have penciled 2010 in & for the benefit of the doubt 31 dec 2010, I am not a believer in this collapse happening but I do hear the call of Steve.
I will continue to work hard & enjoy the merits until I become a dad then I will hang my boots up for a few years to play a major roll in the upbringing which will be around 2010 so may be I will get lucky with my timing. |
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By: guy.longshank1
12/10/2009
12:30 pm Yahoo! Profile:
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ECONOMIC DISASTER LOOMS!!!
We are not going to be able to avoid this worldwide economic disaster for much longer.. Just look around. All of the major economies of the world are depressed and showing little if any sign of real recovery from the disaterous economic downturn of last year.
The P.R. of China for example continues to poor billions of Yuan into its own economy in order to support it and give the impression that there is indeed less of an economic downturn than we all know there to be.
Lies! Lies & more lies...
Here at home we see the clear signs of trouble on the horizon.. UNABLE to support itself, the government announces yet another stimulus effort to prop up the failed economy which trade in itself is as yet unable to sustain...
"The Federal Government has announced it will invest up to an extra $8 billion in residential new mortgage-backed securities to support competition in the home-lending market. "
Described below by the TROLL as good news, this is indeed nothing less than a blatant attempt by government to convince people to invest at a time when infact it is extremely dangerous to do so.
As steve_b_wilson clearly wrote on his BLOG on these same Yahoo Finance pages, (AUSTRALIA - ECONOMIC DISASTER LOOMS) the irresponsible actions of government resulting in the continued waste of tax payers money, (OUR money) is in itself alarming.
AUTRALIA - ECONOMIC DISASTER LOOMS!
Join with steve_b_wilson and I and many others to do what can be done to alert the populace to the perils of believing in RECOVERY when in fact, the recovery we all dream of and wish for is nothing more than that at present..
A DREAM..
As steve_b_wilson quite rightly encourages - ACT to secure your financial future and protect yourselves from the inevitable economic disaster which shall occur in 2010 lest the major world economies recover significantly. |
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By: guy.longshank1
9/10/2009
4:09 pm Yahoo! Profile:
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As interest rates rise, the same fat cats who's GREED caused all this economic turmoil in the first place shall once again be in a position to do the same all over again.
Who'll suffer most... again?
Not them! |
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By: fire.fly_au
12/09/2009
9:27 pm |
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By: tommyknockersbegone
19/08/2009
1:02 am |
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By: jaymarcel
18/08/2009
3:53 pm Yahoo! Profile:
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I know of many Australians in their 50's who are still renting & have to find nearly $2000 per month just to pay the rent, & own nothing of value.
They can't afford to have a holiday or stop working & still commit 5 days a week at work yet are not any better off than when they were in their 20's.
Wake up get your own house! |
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By: jaymarcel
18/08/2009
3:39 pm Yahoo! Profile:
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Hi rodney, interesting post & a good point. As you know my views are not in line with this thinking though. I see a mortgage as a good way of saving, or should I say not spending on stuff that is not needed, as we all know the more you earn the more you spend & this also transposes to the more you have in the bank the easier it is to buy excess stuff you don't need, as in fast food / smokes/alcohol (for me its magazines, for the girlfriend its shoes & handbags). Now if you have a mortgage this tends to tie up that easy to spend cash which is usually wasted, getting plastered rather than just having a couple of beers or eating out everyday of the week rather than once a week or buying every magazine instead of your favorite.
And in 20 years max you have a free place to live that if your lucky has also gone up in value. Now this is when you can waste as much money as you like or even work less hours, start this at 20 & at the age of 40 your in total control & remember that your mortgage repayments also go down over time so each year will get easier & free up more cash. |
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By: rodneysaviour2
18/08/2009
2:23 pm Yahoo! Profile:
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The Government`s Financial Carrot
Some, (including myself) shall indeed benefit greatly from the continued rise in interests rates. However, many others shall suffer greatly as a result.
The sad fact is that the efforts made by government to keep money flowing through the economy in the short term shall in fact result in less money circulating in the long run.
Most obvious is that those on relatively low incomes who would otherwise have avoided entering into long term and significant debt, (read take out a mortgage) were greatly encouraged to do so by the offer of a financial incentive presented in the most attractive means possible by the government.
As has been posted here previously by steve_b_wilson and others, though this incentive was "marketed" as one that would benefit the individual it was in fact one that was wholly designed to benefit the country at the expense of the individual.
However. Though it could be said that this "GET YOURSELF INTO DEBT" incentive has indeed prevented an immediate and catastrophic collapse in the property market and has also therefore, (to some extent) staved off the perils which would be associated with such collapse in the long term it has done much to ensure that many members of the populace shall be fighting to support their own lifestyle much harder than they would have otherwise have had to.
Simply put. As the cost of loans,(mortgages) rise significantly in the next 12 months or so, those who "grabbed the financial carrot offered by the government" shall find that more of what they earn will have to be committed to paying off what they now earn. Many shall be forced to sell at a loss..The property market shall crash.. Retail shall suffer and unemployment shall rise.
Without doubt I believe that we shall all start to see the truth in steve_b_wilson`s cry -
AUSTRALIA - ECONOMIC DISASTER LOOM! |
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By: jaymarcel
17/08/2009
2:20 pm Yahoo! Profile:
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| Looks like just us two on here today mate, at least we can now have a sensible difference of opinion. |
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By: jaymarcel
17/08/2009
2:15 pm Yahoo! Profile:
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| What makes you say decoupling theory smashed, maybe we are now decoupled to a certain degree, house prices is a good example. Recession is another example. Two very different stories when we compare USA to Australia. |
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By: mentawaisurf
17/08/2009
1:04 pm Yahoo! Profile:
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Yet! That is the key word Jay.
As for the decoupling theory, that has been well and truly smashed. |
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By: jaymarcel
17/08/2009
12:16 pm Yahoo! Profile:
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Hi Menta, I wonder if this will filter through though as the initial collapse of the US finances my have given the rest of the world enough time to separate themselves to some degree from the US.
As I'm not a sharemarket player I am only interested in Australias economy(NO BANK FAILURES HERE yet!). |
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By: mentawaisurf
17/08/2009
11:24 am Yahoo! Profile:
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This trend is likely to be the 'reason' given for the next major phase of the global financial crisis. That of a banking system collapse which will be further exacerbated as commercial real estate loans default (and the trillion-dollar CMBS market falls globally) coupled with the next wave of mortgage defaults which could shatter the cracked US housing market (ARM's and Option-A mortgages which reset from late 2009 and don't peak until 2011). As the excerpt below from this article on August 15 clearly indicates, the banking collapses continue to gain momentum - regardless of what the US government, regulators or central bank do;
Regulators shut down Colonial BancGroup, 4 other banks; 77 US bank failures this year
The 77 bank failures nationwide this year compare with 25 last year and three in 2007.
As the economy has soured -- with unemployment rising, home prices tumbling and loan defaults soaring -- bank failures have cascaded and sapped billions out of the deposit insurance fund. It now stands at its lowest level since 1993, $13 billion as of the first quarter.
While losses on home mortgages may be leveling off, delinquencies on commercial real estate loans remain a hot spot of potential trouble, FDIC officials say. If the recession deepens, defaults on the high-risk loans could spike. Many regional banks hold large numbers of them.
The number of banks on the FDIC's list of problem institutions leaped to 305 in the first quarter -- the highest number since 1994 during the savings and loan crisis -- from 252 in the fourth quarter. The FDIC expects U.S. bank failures to cost the insurance fund around $70 billion through 2013.
http://finance.yahoo.com/news/Colonial-BancGroup-4 -other-apf-2955826468.html?x=0&sec=topStories&pos= main&asset=&ccode= |
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By: jaymarcel
17/08/2009
9:05 am Yahoo! Profile:
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Good morning everyone, I see many of you have made the most of your weekend by posting junk on here again. As we all read in the news over the weekend positive news is still flooding in all over & anyone that lost in the sharemarket & rushed to sell property in a panic has missed out, and will lose again now that property is in recovery.
Very honest post george.embrey.
I won't do my usual thing & post a list of the many ID's culprit as it is now becoming so boringly obvious (due to them having their IDs cancelled & having to start new ones including steve) & when they went on here a couple of days ago calling us spenders selfish I did laugh as us spender are the ones that have kept the great Australian economy going & now recovering from what could have been a disaster. Not only have we avoided a depression thanks to the spenders of this great nation but we avoided a recession too also maintaining the property market at its true value.
As you say troubador the negative losers will continue to lose whilst true investors like ourselves take the cream, the boom that now follows will be even sweeter then all before. |
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By: the_pr.of_china_is_evil
15/08/2009
12:39 am |
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By: no.vice
14/08/2009
11:25 pm |
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By: troubador35
13/08/2009
9:42 am Yahoo! Profile:
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| Jaymarcel, I think what many gloomsters have lost sight of is the fact the the allords is still approximately a massive 2300 points under what was called the point of "irrational exurberance" and we probably won't see the market at 6800 again for a few years. So there is still plenty of upside. Difficulty now is in choosing the companies... You didn't need to be Warren Buffett to see the Commonwealth Bank was massively oversold when its share price was $22 as was ANZ when its share price was $11. Of course, many expected another Great Depression and didn't invest at those levels and they may well lament that decision for the rest of their lives because the opportunity will probably never come again for them. The bargains are getting harder to find now though but there are still a few left with plenty of upside as long as you're prepared to take a little risk... But I think the days of buying a bargain like Fortesque for $1.16 per share are over. That really was a once in a lifetime opportunity. Had you been game at the time at bought at that price in November of last year, you would have a very handsome profit now. Over 300% in less than a year... |
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By: jaymarcel
13/08/2009
7:08 am Yahoo! Profile:
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The recovery is here, get ready for sharp rises in interest rates in 12 months & beyond.
If you haven't invested by Christmas you have probably left it too late to get the big gains. |
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By: economicdisasterlooms
13/08/2009
5:09 am |
Message deleted. Reason: Breach of terms of service |
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