By: lasty49
29/01/2009
2:58 pm Yahoo! Profile:
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Titfor,
"You Idiot! Confidence in what? playing around with virtual money we dont have and will never have?"
Can I sense some clutching at straws here?
What you doomer and gloomers need to convince is an alternative to whats on offer.
So far there is nothing but bleakness.
A North Korean lifestyle brochure has more appeal. |
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By: ecchi.gaijin
29/01/2009
2:58 pm Yahoo! Profile:
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| As I keep saying, yo uare free to continue doing as you wish. But from what I have seen so far it is only proving what I say about you to be correct. |
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By: bullnowbear
29/01/2009
2:56 pm Yahoo! Profile:
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| Doest like it when someone talks to him in a fitting and condescending manner. |
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By: ecchi.gaijin
29/01/2009
2:54 pm Yahoo! Profile:
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| perhaps if you learned to read a thing or two bull, you might realise that I usually always refer to the content of a post rather than target a person. Can you and your bumchums say the same? ;) |
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By: bullnowbear
29/01/2009
2:49 pm Yahoo! Profile:
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"But please continue to address the poster and not the post, but then based on your ID it makes sense that that is all you do."
On the Contrary it seems like you can ditch it but cant take it. What a sissy! Look at various forums and you will find this low life worm taking an unnecessary jab at someone. Doest like it when someone talks to him in a fitting and condisecending manner. |
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By: ecchi.gaijin
29/01/2009
2:33 pm Yahoo! Profile:
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" If such is the case the one with the lower income stops working or works part time."
Really? I guess all those people complaining about the costs of child care are liars?
But please continue to address the poster and not the post, but then based on your ID it makes sense that that is all you do. |
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By: titfortat50
29/01/2009
2:26 pm Yahoo! Profile:
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"Further to this particular point, how many dual income families are paying child care fees equal to a large portion of one persons income? If one person loses their job and is forced to stay at home, how much worse off will they really be after taking into account tax and child care?"
You idiot! If such is the case the one with the lower income stops working or works part time. This has already been factored in. More to the point....What does happen if the sole bread winner is asked to go? Both perform childcare? Probably one can beg or steal? or probably both? or probably did what the american dad did to his family when he lost his job? |
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By: titfortat50
29/01/2009
2:21 pm Yahoo! Profile:
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"One thing that dictates is sentiment.Once this media stops painting the gloom and everyone gets sick of talking about recessions,depressions, darning socks and eating rats for dinner, the storm passes and confidence emerges.
People start slowly spending again and the cycle begins."
You Idiot! Confidence in what? playing around with virtual money we dont have and will never have? |
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By: ecchi.gaijin
29/01/2009
1:49 pm Yahoo! Profile:
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"What percentage of these are in dual income households?"
Further to this particular point, how many dual income families are paying child care fees equal to a large portion of one persons income? If one person loses their job and is forced to stay at home, how much worse off will they really be after taking into account tax and child care? |
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By: lasty49
29/01/2009
12:57 pm Yahoo! Profile:
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Tuxedoman,
"With job losses on the rise, lastys argument of debt servicibilty becomes useless. Even a 15% unemployment figure is enough to cause havoc in our banking systems and causes massive bankruptcies."
What percentage of these have a mortgage?
What percentage of these are in dual income households?
"The current recession is going to be a stinker and probably close to the depression. Even Steve Balmer and Bill Gates have acknowledged this and lasty freakin thinks otherwise."
So Balmer and Gates have become experts in the Australian economy or are they stating about the US?
"Lasty will not be right and on the contrary house prices will fall between 20 to 50%. I dont care if rory or keen is correct but it just does not make sense."
Welcome to the real world.
In the financial markets economics 101 is no use.
Oil at $150 barrel was a classic case. Theorist jumped at Peak Oil to justify the price. $200 they were talking.Havent seen the Peak oil brigade for awhile.Probably still wiping that egg.
One thing that dictates is sentiment.Once this media stops painting the gloom and everyone gets sick of talking about recessions,depressions, darning socks and eating rats for dinner, the storm passes and confidence emerges.
People start slowly spending again and the cycle begins. |
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By: ozlostin
29/01/2009
12:52 pm Yahoo! Profile:
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I lived through the previous recessions experienced here and in the U.K. I was working and studying in England in 1974 when the 3 day working week was introduced for some industries. Having said that I have tried to keep an even if not positive attitude to the developments we have seen over the last 12 months. The figures released today though are of some major concern. In particular the unemployment figures world wide.
Surely the measures being taken by the Governments all around the world by way of packages and bail outs will have some positive effect on the economy and on confidence levels for investors and business owners. From what I know of the depression in the 30's, taxes were increased and money was not spent on bailing out banks and industries. With that data to reflect on, the joint reaction from governments today will see a positive effect on the worlds economy? |
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By: rony268
29/01/2009
12:47 pm Yahoo! Profile:
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Ponzi scheme is correct
- immigration to prop up housing market is available to Australian government - as it is very necessary - The prices are unlikely to drop - see ANZ predictions 19/1/09 |
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By: s_step000
29/01/2009
12:16 pm Yahoo! Profile:
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"A less protracted response would be to expose then default the bad debt in the system, as painful as that would be, but leading to a quicker recovery."
Hmm. This is true. Economics 101 dictates we should do as above. However, in reality it is really difficult to quantify how much bad debts should be allowed to collapse and to draw a line whether to bail or not bail the bad debts.
A good analogy of this would be LTCM (bailed out) and Lehman (not bailed out) :) |
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By: s_step000
29/01/2009
12:16 pm Yahoo! Profile:
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"A less protracted response would be to expose then default the bad debt in the system, as painful as that would be, but leading to a quicker recovery."
Hmm. This is true. Economics 101 dictates we should do as above. However, in reality it is really difficult to quantify how much bad debts should be allowed to collapse and to draw a line whether to bail or not bail the bad debts.
A good analogy of this would be LTCM (bailed out) and Lehman (not bailed out) :) |
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By: mentawaisurf
29/01/2009
11:22 am Yahoo! Profile:
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Jade, your point is correct but that turning point remains several years away yet. We are still in the early stages of the most severe global credit contraction, asset deflation and deleveraging cycle in history (the closest comparison is the deflationary depression of the early 1930s). It requires several more years to unwind before sustainable economic growth can return. The more governments try to bailout the system and re-inflate the economy the longer this natural, and necessary, cycle will take. A less protracted response would be to expose then default the bad debt in the system, as painful as that would be, but leading to a quicker recovery. The path that world governments, including now our own, is taking us down puts us all at risk of a lost decade (similar to the J*panese story).
Hopefully those still in denial of just how bad things will become in Australia over the next few years are not carrying heavy debt on their soon to be rapidly falling property values. Those who are debt free and can maintain their incomes will not only survive the approaching storm but will prosper greatly in coming years. That will be the tangible turning point. |
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By: ecchi.gaijin
29/01/2009
10:28 am Yahoo! Profile:
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| ozlostin, ignore him/her/it. She got her nose out of joint when I showed her up for being the dmiwit that she is and has had it in for me ever since. She thought you and I were the same person because she misunderstood what you said in your post yesterday. Just ignore the troll and she will disappear into the insignificance that is her life. |
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By: ozlostin
29/01/2009
10:13 am Yahoo! Profile:
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nzforest; You have no idea who I am and what I do, so maybe you should not make assumptions based on what you read in one singular post on a message board. I am well educated and I have and continue to employ hundreds of Australians (& many from New Zealand). I think if you were to look over your previous posts you would be embaressed, and rightfully so, at what you have written.
And as far as the spelling is concerned, I really find your comments quite funny. There is not one single spelling mistake in my post.
By making threats such as; 'Im watching you little man'. Pretty foolish really. I am a man but by no means little.
My lovely wife of 31 years is the grandmother to our wonderful grandchildren & Im sure they would be utterly fightened and saddened as I would to hear her speaking the way you do. A grandmother...you are not.
As I said to you this forum is one for discussions regarding finance and not here for you to voice & vent your anger and frustrations on the world. Go away. |
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By: tuxedoman39
29/01/2009
9:52 am Yahoo! Profile:
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Al,
What are you talking about? house prices have increased far disproportionately versus income. Never in history has such debt been paid off. The longer the lifespan of the loan the slimmer the chances of paying it back.
Lasty will not be right and on the contrary house prices will fall between 20 to 50%. I dont care if rory or keen is correct but it just does not make sense.
The current recession is going to be a stinker and probably close to the depression. Even Steve Balmer and Bill Gates have acknowledged this and lasty freakin thinks otherwise.
With job losses on the rise, lastys argument of debt servicibilty becomes useless. Even a 15% unemployment figure is enough to cause havoc in our banking systems and causes massive bankruptcies.
This recession is not going to be a short one it will take as long as people take to reduce their debts or the government, banking institution realize it is a gone case scenario and call in debt debt moratorium/debt write offs and start out with a clean slate. Until then they will just prologue it and make it worse. |
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By: lasty49
29/01/2009
9:29 am Yahoo! Profile:
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Titfor,
"Lasty, ecchi and CO you guys should be held accountable for trying to mislead the masses that PONZI schemes work! What kind of a person misleads the lay man so they can feed of them."
Haha...What are they teaching you at the Professor's rental palace? The reverse PONZI with a twist?
The Professor has told Australia to sell their properties as the sky is about to fall in and now rents have skyrocketed.
Meanwhile back in mortgageville the punter saves $1000pm with rates continuing to fall.
What you guys like at camping? |
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By: nz4forest
29/01/2009
1:27 am |
Message deleted. |
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By: jadeshangrila
28/01/2009
11:37 pm Yahoo! Profile:
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| What is the intrinsic value of paper money, if it has no ability to purchase you anything? Is it a real asset or just paper? take an example in Zimbabwe they are printing 5 trillion dollar notes. 2 of those notes can pay the American government debt if it was in American dollars. What are real assets with real intrinsic values? Take a house, at least with a house one can live in it, that is real useful asset and not just paper. The purpose of the paper money where government is concern is that it is a tool to create employment and real assets- whether it is food or houses or bridges or roads or medicines or etc. If money pays you zero interest in the bank, wouldn't a house or shares pay a better yield in rent or dividend. Such are questions one has to ask in an environment of low interest rates and increase stimulus (printing). Deflation of asset prices can rapidly change into inflation, especially if asset prices are low and there is increase in money supply coupled with low interest rates. Where is that turning point? |
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By: almurrie1@y7mail.com
28/01/2009
10:41 pm Yahoo! Profile:
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Guys, are you aware that we are ALL living in a giant Ponzi scheme. Some jokers just make it to the end game quicker! Step back and look very closely. The new investment always pays the ones who (one but last) put the money in. Property, shares, everything in fact, it is what Capitalism is based on. If everyone woke up at once to see the giant confidence trick being played on us all, would we change it? Tit would you change it? Don't blame Lasty for challenging the doomsayers, he might just be right, and then who knows, only time will tell.
The Reserve Banking system is the worst of all. There is never enough money in the system to pay the interest, so they invent some more money(bonds, credit, etc). This is the major cause of inflation and they will do ANYTHING to hide it. eg bananas, and now it is the oil price dropping causing lower inflation, not the fact that loans have all but stopped. The governments know and just let them do it. The public think they are rich because inflation has made their houses worth more, but over time their wages have gone up about half the inflation. Con, con con. If wages had increased as much as inflation over the last 25 years the relativity would be about right. House prices have not really gone up that much, if you look at the interest component. 10% a year to the banks really hikes up what you want to get when you sell! Then when the inflation bubble eventually bursts, a lot of innocents have to pay by losing their jobs. But generally it is a good ride for the majority, and the rich get INCREDIBLY rich so on it goes.
Al |
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By: titfortat50
28/01/2009
9:08 pm Yahoo! Profile:
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| Lasty, ecchi and CO you guys should be held accountable for trying to mislead the masses that PONZI schemes work! What kind of a person misleads the lay man so they can feed of them. You guys should be tried with all the neos just like bernie madoff. |
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By: ozlostin
28/01/2009
7:19 pm Yahoo! Profile:
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nzforest; Arent you the one that claims to be a grandmother in her fifties' with 2 grown sons who happen to be millionaire's & employ dozens of people in this country?
I just never replied to your last post because you seemed to disappear for a while but now, you seem to have crawled out of your little hole. By the way I think we all agreed after your last post that in fact your profile claims you to be a man. I would say you would be lucky to be a day over 30. These forums are here to discuss finance & I find your posts on here to be nothing but rude jibberish. Maybe it would be best if you crawled back into your hole instead of jumping on the band wagon when you feel like it. |
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By: nz4forest
28/01/2009
6:18 pm |
Message deleted. |
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