Search results

Only if you've been in the game for 10 or more years. And what do they have to do with Keens predictions? Who's cashed up? My guess is that less 1% of PI's are actually living the dream with their feet up sipping a raspberry and coke. Headline major city rises (nominal) look good but...

Agh. Makes sense now. debating with a teenager. :rolleyes:

They were going down the gurgler until stimulus kicked in. Add a few trillion from China and kaboom you have an artificial property boom. Hasn't been too good of late though so given all those speculators who are sitting on paper profits, well they may not yet get to cash in on that little boom...

You keep saying this with nothing to back it. AU threw a 4% (of GDP) stimulus package at the GFC. Largest in the developed world. I don't care if he was right or wrong. It's irrelevant. I still contend his predictions were reasonable for the conditions at the time. Prices started to crash...

Hardly:rolleyes:

You are correct, however, the first package was simply a teaser which would hardly rate as stimulus these days. The 2008 budget was $316billion. The real stimulus didn't come until Feb 09. First stimulus In October 2008, the Rudd government implemented a A$10 billion stimulus package...

Keen made his bet mid Nov 08. Labour announced their fiscal stimulus package Feb 09.

The problem I see with PI's in general is that given property is seen as a long term play investors tend to stay in the game whatever comes. Turnover costs simply add to the burden and dissuade PI's from acting when they might in alternative investment areas. Shares they drop like a hot spud...

From what I can tell the Keen's of this world aren't really into personal wealth. I tend to think he's more into personal academic credibility and inventing/discovering/understanding, in his case, economics. He's a frenetic rooster and if born today they'd be shoving ritalin down his throat by...

No but I changed my plans for the day.. if we scaled it then we're in the same ball park. The reality is we all look at the world from our personal view, interpret it, try and figure out what's likely to happen next and act according to our own conclusions. Part of that assessment is...

Nope...Bureau of Meteorology did that....

:D:D:D It's not personal to me. It's derogatory in that you slag Keen with nothing to back it. Just one of those stupid flippant remarks that people make to look as if they know what they're talking about when they don't. It's the kind of remark that makes it difficult to take anything you...

Many have proven correct and those that haven't eventuated as yet are still valid for the current conditions. The advice I have proffered to PI's is not about exiting the market or that PI is a fools activity but that investing conditions are experiencing a paradigm shift compared to the...

Nope but extraneous and derogatory off the cuff remarks don't add anything to a discussion especially when it's your first comment on a thread. I imagine if you walked up to a group in the real world and threw in a flippant comment you might get more than just a verbal rebuke.

When I got up yesterday morning I looked out the window and there were big black rain clouds heading my way. I changed my plans for the day but the rain never came but skirted around the peninsula. A reasonable prediction given the conditions at the time.... but I got it wrong. I note...

I had the same thought about your comment :(

I'll repeat with emphasis; CB and govt reactions to an impending implosion in economies was unprecedented; something that was all but impossible to predict. I doubt any economist would predict or assume a govt would do little or nothing. It was the extent of the moves to shore up the...

Keens predictions were reasonable for the conditions at the time. CB and govt reactions to an impending implosion in economies was unprecedented; something that was all but impossible to predict. Six years later the original causes of the 07/08 GFC haven't been corrected. If anything we're...