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    Steve Keen finally admits he was wrong!

    hence we come back to the same conclusion... make sure your cashlfow is neutral, then your downside (within reason) is limited, upside is not.
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    Steve Keen finally admits he was wrong!

    the way I see this playing out is that restricted lending will restrict supply of housing and commercial premises in an environment of rising demand. There is plenty of funds to lend at 50% LVR... this will be the same as 100% LVR now once values double. The banks are the winners, the economy...
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    Steve Keen finally admits he was wrong!

    Costello knew it - remember the warning of the economic tsunami that was about to hit us before we all thumbed our noses and voted for the other guy? And if he knew it I find it hard to believe he was flying solo
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    Steve Keen finally admits he was wrong!

    rent control is an interesting one. i for one would dump all and any resi on that basis. so investors dump stock, it depresses cap values and rent is cheap. where is the downside? I guess apart from not being able to get one of the handful of rental properties available and thus hordes of...
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    Steve Keen finally admits he was wrong!

    It is disappointing and it is disturbing - but it's kind of nice to see government acknowledging the impact of its own red tape. The sign posts are all there, they all point to increased hosue prices. Unless of course, govt stepped in and took a direct role in property development and they...
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    Steve Keen finally admits he was wrong!

    sorry WW I am colour blind. apart from which I have no idea what that graph is suggesting I buy AXJO !!
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    Steve Keen finally admits he was wrong!

    not if the people that sell take those funds and put them to productive use e.g. they invest in super that is invested in foreign indexes. Then inflation erodes the sucker lenders values and the buyer of foreign stock has a tangible cashflow asset if it doesn't then it is a direct adjustment...
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    Steve Keen finally admits he was wrong!

    I don't understand this... surely economic forecasts etc form part of your decision making process?
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    Steve Keen finally admits he was wrong!

    who are all these characters? are you Vanilla flavoured and is Keen the guy having a go? am I the guy doing diddly squat or is that the forum? doing diddly squat is a course of action tho. Wish I had done more of that 2 years ago.
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    Steve Keen finally admits he was wrong!

    can gaurantee he had a big influence on many many people. Keen and his merry brigade of bears had me critically analysing my own situation constantly for a year or more.
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    Steve Keen finally admits he was wrong!

    so why the public spectacle and travelling circus? his face was mroe recognised than Paris Hilton for a while there
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    Steve Keen finally admits he was wrong!

    it's a fair comment but if you make money you don;t complain. If youget 2 tiered spruiked you sue. So with Steven Keen now admitting his advice was dodgy and he doesnt reallyunderstand the subject matter (did he really say that as I find it incredible?) surely there would be an interesting class...
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    Steve Keen finally admits he was wrong!

    "But he is the first to admit that he was perhaps a bit out of his depth when it came to house prices..." are you for real? this man has become surnonomous with house price forecasting. tens of thousands of people have probably sold up and lost a lot of money on the back of his dire...
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