Recent content by trugoy

Through my research I've determined that Terry scheer is the best LLI, however, they don't have full coverage for building insurance, so now I am looking for a building policy that goes well with Terry Scheer, i.e. full replacement. Several building policies I've looked at had overlaps with...

I think it's do with a certain event occuring on 24th November.

Of course, America has also had unprecendented growth over the last 7 years under the brilliant economic stewardship of George W bush, Vladmir Putin should win the Nobel prize for his job with the russian economy. I think you'd be hard pressed to find an OECD country that did not do well over...

interesting set of points you raise 1, 2, 3, 4. You are reading way too much into his comments, Australian being a dual party system, ministers don't really send coded messages to the electorate that in one party systems like singapore, the ministers like to do. Costello's political ambitions...

Professional credibility? If people's professional credibility are damaged when vague, non-specific general predictions about what might happen is wrong, EVERY single economist in the world would be out of a job. The reason he made that comment would be from very astute research and polling...

We are getting a bit offtopic but i'll make some short points. 1. Never attribute to malice what can be attributed to incompetence. 2. The government is not out to intentionally hurt anyone, but yes, the masses will usually just bend over and take it in the rear, after all what choices do...

Long answer, I don't feel like typing it Short answer, Why not?

How does one stop oneself?

There is a very big difference. by using gold to underpin the currency, the amount of currency in circulation cannot be increased or decreased at a whim. It would render monetary policy obsolete.

The gold standard will never be readopted, because doing so will severely weaken the power of central banks and governments to affect the economy. What I am saying is that fractional reserve system of money has flaws, and those flaws are exploited by powerful people for their own ends. Look at...

Something which nobody has mentioned here which I think is critical to understanding the current boom and impending bust is that right now the whole world is running on fiat currency. Confidence plays a huge part in this system since there is nothing "tangible" so to speak backing the currency...

Agreed, and to affect the world, you need to understand the world first.

I think the whole "seachange" theory will turn out to be a lot of hot air, more and more, baby boomers will want to stay where they always lived, close to family, friends, AND facilities.

Hi Bill, interesting analogy, what about the sport that most closely mirrors investing...poker. Luck plays a large part in short terms results. Most people will not have enough money to get to the long term in their investing lives, that's why property with it's traditionally low standard...

I am in sydney, I was 100% right about 2003. Your extrapolation about my motives for discussion seems to hint that it's subconsious jealousy? Couldn't be further from the truth. In order to improve your understanding of something, it's vital to question the basis of all assumptions in your...