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*waits for Dazz*

I'd hate to be considered a moderate given some of the reactions of my warnings of a year ago, so we can keep the bulls and bears delineation clear?:) What's your view of long term? You see, at the moment I think the probabilities favour a drop of 20% all up in real terms and then flat (in real...

Don't get me wrong....I'm not calling a 50% drop...if I believed that I'd be doing something pretty radical with LVRs. My general point is that BC seems to be saying NR hasn't explained why he believes a soft depression/50% drop is on the cards. He has. BC just doesn't accept the...

:confused: Does the acronym GFC mean anything to you?

Did NR say 50-70%? Perhaps in another thread? However, in the context of what the IMF actually said...well...not so much:D

..and no-one else does? :p For example, "better than the US and Europe" could be 20% in real terms over the next 2 years, could it not? What they are clearly not saying is "it will be fine". Recessions are not good things.

It appears we simply have different interpretations of "will be just fine". I don't consider faring better than the UK, Ireland, Iceland, Spain or the US as just fine, much in the same way that I don't consider the fact that "our" recession won't be as bad as the US situation as support for...

No, they didn't ;)