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It's a concern our country is being run by these zealots.

Yea well there were ups and downs during the 'years' yea so I don't know how to respond to that. But a few too many people certainly told me in late 2008 it was all over and that it'll dip a fair bit.

If people could tell you, the deal would no longer make money very soon as everyone rushes off to do it

Banking and finance is just there to service a booming sector, because that's precisely what it is, a servicing industry. It's not going to boom on its own... so if there's a bulk commodities, base metals, energy, education boom, the wealth trickles down. Population growth also helps create...

The only way to generate wealth is to take someone else's wealth. So as a country, what resources is doing is taking some of China's / South Korea's / India's / South East Asia's wealth. Or as the papers say, sharing in their wealth. This wealth transfer then trickles down our economy through...

Yea well it's all about where do you draw the line. And also an issue of how socialist you are or how capitalist you are. You could always go one step ahead. If it wasn't for all these capitalists (eg lending money for developments/investments, free-riding off their employees' effors...

No but the flipside is it's a proxy, that's all. I probably know a few along those lines of thought, but of course, they don't make the economy either. The thing to remember is, we're all building blocks in the economy. All trends start small so even the tiniest observation in your daily life...

Hmmm it's because in the long-run real assets tend to go up. But even Japan has proven this wrong - of course I don't see us heading down Japan's path. Our economy overall is not that heated, we still have population growth etc ec. But that doesn't mean the market won't adjust in the...

That's because they're living on the edge after they take on more credit (at low interest rates) to fuel the property. And the other half fueling the market are probably speculators with cash. Finally I'm a believer in time in the market, but that doesn't mean you go out chasing extremely...

I didn't say the two are the same. But there's probably some correlation to some extent. Anyway I always go back to my story of my friend who refinanced his house 2 months ago for 30k and he's spent it all already. 90% LVR too.

I couldn't see the article. Besides the Retailers Association said that? That's like REIV telling you how great the property market is and housing shortage is only ever going to make Melbourne house prices go up and based on some selective data, you could double your money every 3 years!!

Credit cards and here's a new term for you: financially irresponsible. Have a look at the number of people paying cash vs credit cards at the cash register next time you queue up at Bunnings, Chady etc. Also who's buying cars on loans?