By: wealthforlife@rocketmail.com
26/05/2009
2:57 pm Yahoo! Profile:
wealthforlife@rocketmail.com Did this message offend you?
Sign in to report abuse |
Reply to this message |
The following statement from a regular poster who posts messages concerning political activism;
"All posts related to the subject AUSTRALIA - ECONOMIC DISASTER LOOMS are most welcome whether alligned or not with those you see added by others."
Is a down and out right lie as many people who make statements contrary to their beleifs are deleted by YAHOO because they jump up and down and push the abuse button so many times until the 'offending' posts are deleted.
I prefer not to do this as I want Australians to see the kind of mentality we have living in our midst.
I do worry for mankind in the event that these bent personalities may be able to persuade other unsound minds to take up their cause.
However, being forever hopeful and with a strong sense that the humanity of humans will ultimately triumph I will always rise to any challenge from anywhere that attempts to confine,restrict,dominate ,desuade or brutalize my equal right to expressing my opinions.
, |
|
By: steveb_wilson
26/05/2009
5:11 am |
Message deleted. Reason: Breach of terms of service |
|
By: sly_guy_nsw
26/05/2009
4:48 am Yahoo! Profile:
sly_guy_nsw Did this message offend you?
Sign in to report abuse |
Reply to this message |
wealthforlife@rocketmail. com
Political activity and economic activity are now and always have been related.
Measures implimented by governments directly influence the economic health of nations. |
|
By: wealthforlife@rocketmail.com
26/05/2009
2:55 am Yahoo! Profile:
wealthforlife@rocketmail.com Did this message offend you?
Sign in to report abuse |
Reply to this message |
Why are there political activists making posts on this thread and why are messages being left about shares ?
How well does YAHOO monitor these message boards?
????????????????????????? ??????????????????????? |
|
By: mentawaisurf
25/05/2009
1:05 pm Yahoo! Profile:
mentawaisurf Did this message offend you?
Sign in to report abuse |
Reply to this message |
Risk guru Satyajit Das, one of the first people in the world to warn that the global financial crisis was coming, now says that any economic recovery will be slow and painful.
Green shoots were popping up all over the place but that does not mean the worst is over and we have hit the bottom. "What we are creating is one last round of drinks at the bar" said Mr Das. "We've been defying financial gravity for 20 years and it can't go on. At some point in time these new bubbles we've created to get out of the old bubbles will pop and then of course there are no more bubbles and we'll have a lot of flat beer".
He said recent rallies, whether in commodity prices, share and housing markets, almost mirror those seen in Ja pan before 'everything fell apart'.
And until governments around the world truly addressed the root causes of the mess and came clean on sharply lower economic growth rates that people could expect in the future there was potential for yet more shocks, he said.
The problem, according to Mr Das, was that governments had attempted to solve the problem by simply moving private-sector debt to the public sector. They pumped trillions of dollars into economies and bank bailouts in an attempt to oil the stalled wheels of credit markets.
"They could well be in for negative experience down the track. And of course next time that happens there will be no support because governments are essentially now at the limits of what they can do."
He said any recovery would be constrained given this recession was 'globally synchronised' and complicated by the financial crisis. Mr Das said this time was different and that we were in unchartered waters.
He predicted global growth, when it eventually returned, would be sharply lower than even the IMF's anemic forecasts.
"I think the lesson of the great global financial crisis will ultimately be that there are limits to growth and there are limits to prosperity." |
|
By: puyi
25/05/2009
9:56 am Yahoo! Profile:
puyi Did this message offend you?
Sign in to report abuse |
Reply to this message |
Source: The Australian newspaper
By Nick Tabakoff and Joe Kelly | May 25, 2009
THE average loan size for first-home buyers has risen by $52,000 - or 23 per cent - in the past two years, raising fears that government incentives for young buyers are artificially inflating the market.
A report commissioned by Brandmanagement, a market research firm specialising in the finance sector, says the average size of loans being taken up by young home buyers is jumping by an "unsustainable" amount.
Brandmanagement's principal, Andrew Inwood, said the statistics - which indicate that property prices are rising in line with loan sizes - have raised questions about whether the grant was simply being used by consumers to buy into a bubble.
"What the government incentives appear to have done is transfer the money from the people who are borrowing money to buy their first homes into the pockets of those who are selling at a more attractive price," he said.
Mr Inwood hinted that this mini-boom in the price of properties would not go on forever.
"There'll be a collapse in those prices again," he said.
Australian Consumers Association spokesman Christopher Zinn said the rapid growth in loans to first-home buyers against the backdrop of the government incentives carried certain moral obligations for banks.
Even real estate agents admit that the government incentives are creating an unsustainable bubble at the more affordable end of the property market.
Legendary Sydney luxury property agent Bill Bridges said yesterday some agents on entry-level real estate were "loading the prices up" to capitalise on the first-home buyers scheme.
"The market's got to take off and go back to 2005, 2006 and 2007 prices for these poor people to get their money back," 80-year old Mr Bridges said.
He expressed concerns that if people are stretched beyond their means through incentives, "it will all end up like (the sub-prime mortgage situation in) America". |
|
By: communism_is.evil
24/05/2009
6:35 pm |
Message deleted. Reason: Breach of terms of service |
|
By: bigus1im
24/05/2009
9:51 am Yahoo! Profile:
bigus1im Did this message offend you?
Sign in to report abuse |
Reply to this message |
Oh, that's rich - let's all trust the "experts". After all, haven't they been looking after us really well? Just ignore the data and listen to them.
Aw, it's just a wee bunny - ach man! look at the bones!! |
|
By: economydeveloping
24/05/2009
1:43 am |
Message deleted. Reason: Breach of terms of service |
|
By: dr.xingli
23/05/2009
9:48 pm |
Message deleted. Reason: Breach of terms of service |
|
By: lamkinkah
23/05/2009
12:36 pm Yahoo! Profile:
lamkinkah Did this message offend you?
Sign in to report abuse |
Reply to this message |
| jtleeoz, i would read it as puyi is trying to say australia property market is overly inflated and now it is deflating and will continue to deflate in the near future ..hence not a good time to buy.. as no one want to buy property that will deflate in value..especially it is going to happen in the near future, maybe in 2010... |
|
By: jtleeoz
23/05/2009
1:23 am Yahoo! Profile:
jtleeoz Did this message offend you?
Sign in to report abuse |
Reply to this message |
Now, Puyi, yes we have all already read the article that you posted on here for ourselves (most of us come through here because we use Yahoo for search or email, etc.) and we do read articles that pop up on the front page now and again. Anyway, I thought I'd point out to you a bit of a contradiction coming through in the media quotes you post here:
On Monday 18th of May you quoted an article which said, "AUSTRALIA is home to three of the most "severely unaffordable housing markets"
On Tuesday 19th of May you quoted an article which said, "People really fail to understand what a bubble is. A bubble is full of air, as in the housing market, the price is over inflated"
WE CAN SEE the point you want to get across is that property prices are inflated due mainly to the FHOG so that now is not a good time to buy, correct?
Then yesterday you quoted an article that says, "People trying to sell their homes are having to substantially lower their initial price aspirations to get the property away, new data shows" and "vendors are having to cut the original sale price by almost eight per cent in capital cities amid the tough economic climate".
SO THE POINT YOU ARE trying to make here seems to be that prices are in fact not inflated but are dropping. So are you now saying that NOW IS A GOOD TIME TO BUY because lots of sellers are discounting their selling price? Or are you trying say that now is not a good time to buy because house prices are falling? Which is it? Please tell us instead of just posting other people's words here. This is a message board not a bookmark!
By the way, just so you know, discounting of house prices by 20% does not mean a that house prices have dropped by 20% It would be more correct to say that sellers who were used to getting the asking prices they wanted are now finding that they are having to be more realistic when selling. But this is not relevant for all areas across Australia but in areas that have traditionally sold at high pri ... |
|
By: jtleeoz
23/05/2009
1:05 am Yahoo! Profile:
jtleeoz Did this message offend you?
Sign in to report abuse |
Reply to this message |
Hello all,
I have noticed that I have been added on to the list of "other HECKLER IDs". I just wanted to say that I am not associated with hecklurr, economy_developing or newmillenium, etc. I don't even know who they are. I might have some views similar to theirs but I don't condone all of their posts.
As I have said elsewhere in these forums, I simply spotted some of the very negative titles in the messageboards after clicking on a finance news article from the Yahoo home page and couldn't believe people actually believed that house prices would fall 40~50% and that Australia was on the verge of "economic disaster". |
|
By: wealthforlife@ymail.com
22/05/2009
7:59 pm |
Message deleted. Reason: Breach of terms of service |
|
By: steveb_wilson
22/05/2009
7:05 pm |
Message deleted. Reason: Breach of terms of service |
|
By: mentawaisurf
22/05/2009
4:53 pm Yahoo! Profile:
mentawaisurf Did this message offend you?
Sign in to report abuse |
Reply to this message |
Drunk trader banned after series of bad decisions;
http://www.news.com.au/story/0,27574,25520832-2,00 .html
Well, at least he had an excuse. What is the excuse of all the Wall Street traders who gambled and lost billions?
Oh yeah, they were drunk on their own power and ego. |
|
By: bigus1im
22/05/2009
9:19 am Yahoo! Profile:
bigus1im Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Take it or leave it, dude, but I haven't seen any of the worlds' telcos falling over and I certainly wouldn't be buying anything I have to "look up" because nobody's ever heard of them. Billions of existing profits and billions in the bank sounds a lot better to me, and besides everyone seems thoroughly addicted to SMS and internet now so I reckon that will be the last thing people will cut-back on. Anyway, Take it or leave it. |
|
By: economydeveloping
22/05/2009
7:41 am |
Message deleted. Reason: Breach of terms of service |
|
By: puyi
22/05/2009
12:01 am Yahoo! Profile:
puyi Did this message offend you?
Sign in to report abuse |
Reply to this message |
Houses sell 'for substantial discounts'
Thursday May 21, 2009, 3:25 pm
People trying to sell their homes are having to substantially lower their initial price aspirations to get the property away, new data shows.
A report by property information provider RP Data shows that vendors are having to cut the original sale price by almost eight per cent in capital cities amid the tough economic climate.
Some coastal areas recorded discounts close to 20 per cent.
Among the capitals Melbourne experienced the greatest level of discounting in the 12 months to February, where in order to achieve a sale, houses averaged discounts of around 7.7 per cent.
At the other end of the scale, Darwin recorded the lowest level of discounting at 3.8 per cent.
For units, Perth recorded the greatest average discounting at 7.1 per cent, while Canberra saw the smallest at 3.6 per cent.
In the suburbs, Perth's Saint James saw house discounting of 18.6 per cent, South Australia's Hove recorded 18.2 per cent, Queensland's Paradise Point 17.3 per cent and NSW's Bryon Bay 17.3 per cent.
And if you are thinking of selling a unit in South Australia's Aldinga Beach, you may have to drop the price by a whopping 23 per cent.
_________________________ _______________
Source:By Colin Brinsden, AAP |
|
By: firefly_au
21/05/2009
9:24 pm Yahoo! Profile:
firefly_au Did this message offend you?
Sign in to report abuse |
Reply to this message |
Hello economydeveloping or NZ :)
"Just as I suspected,the doomsdayers DO NOT HAVE A PLAN OF ACTION."
I wasn't aware that you were actually asking about a plan of action. But since it seems you have asked - this is my individual plan take it or leave it as you will as it wont suit everyone ....
Reduce debt and increase cash reserves - this means save more and reduce expenses where possible.
Invest carefully only what you can afford to loose don't take on unnecessary debt to invest or spend.
When investing there is always risk so have a stop loss protocol in place.
Debt equates to risk so reduce debt where possible.
Finally keep your eyes open remain flexible as almost anything can happen.....
As for where I keep my uncommitted cash - it is in a bank earning interest with a Govt guarantee of course!
But I am also investing in mainly low geared equities with the intention to exercise a stop loss if the market should crash again.
So if it all goes bad I wont be looking for a high cliff to jump off he he :) If the whole economy took a near fatal hit I would be in less financial difficulty than many.
Since these actions are adapted to my individual economic circumstances and I fully understand they won't suit everybody let me ask you - So what are you doing as a strategic plan at the moment?
BYE :) |
|
By: lasty49
21/05/2009
3:21 pm Yahoo! Profile:
lasty49 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| That was before Sol's payout ;-) |
|
By: bigus1im
21/05/2009
1:38 pm Yahoo! Profile:
bigus1im Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Buy Telstra shares - 10% return and safer than banks |
|
By: economydeveloping
21/05/2009
12:31 pm |
Message deleted. Reason: Breach of terms of service |
|
By: rickyrollings
21/05/2009
7:38 am Yahoo! Profile:
rickyrollings Did this message offend you?
Sign in to report abuse |
Reply to this message |
Hi economydeveloping.. (A.K.A. HECKLER jtleeoz or whatever..)
If I may be so bold? I think you have missed the point..
From what I have read here on this BLOG to date, steve_b_wilson and those of us who support the CRUSADE to alert the populace to the pending economic storm which is about to engulf us all here in the land of plenty is/are simply encouraging our fellow citizens to seek safe haven for their financial assets.
Needless to say, the choice of safe haven should be left to the individual. And quite rightly, (in this readers opinion) steve_b_wilson is encouraging that people take whatever action is appropriate in each individuals case.
Take me for example. Like many others, as this nation prospered and the economy expanded and developed over the last few years I rode the economic bubble and benefitted in some way from it. In my case, from the purchase of two properties and the rental income and associated tax avantages.
Everyones financial situation is different. However, few shall not be hurt in some way as a result of this economic disaster.
With this in mind, steve_b_wilson, I and many others are joining the CRUSADE to alert the poulace in the hope that those of them who have not yet taken actions that shall shield them from the perilous situation with which we are all faced shall soon do so!
It is understandable that some people, (such as yourself) might be upset by the negative forecasts which steveb_wilson, I amd many others repeatedly refer to here and on similar BLOGS.
However, insulting steve_b_wilson, myself and/or others here who disagree with you is simply ridiculous.
Lets hope those who have not yet realised their predicament shall son do so and seek proper advice as to how they might secure their own financial future.
AUSTRALIA - ECONOMIC DISASTER LOOMS |
|
By: economydeveloping
21/05/2009
2:58 am |
Message deleted. Reason: Breach of terms of service |
|
