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  1. W

    Word of caution for the newbies.

    Just saw your post Kunster. Here's some stuff I do. 1. Bookmarks They don't all put stuff out regularly, but some have web presences you can check. Below are some of my bookmarks from my home page. Some of them are broken as I haven't got around to updating. 2. Google with date limiter If...
  2. W

    Word of caution for the newbies.

    The naked shorters have been blamed for market manipulation for some time, and in an unprecedented move, the US SEC today placed a ban on naked short selling. This is extreme stuff, and highlights how critically vulnerable the US (and world) banking system is. Further on the downside, US cpi...
  3. W

    Word of caution for the newbies.

    There's always utube and guys like Jim Rogers, a wealthy man (for those who don't read). http://www.youtube.com/watch?v=zhLPNdjyjyg http://www.youtube.com/watch?v=OQxsHILVOIw&feature=related
  4. W

    Word of caution for the newbies.

    back on topic, I reckon newbies would do well to read broadly rather than take Alan Bond's, Brad Sugar's or Henry Kaye's (all wealthy men) about investing. Here, Alan Kohler discusses differences between US and Aussie banking, and govt guaranteed mortgages. Alan is widely regarded by...
  5. W

    Word of caution for the newbies.

    you are mellowing in your new equity highs Dazz.
  6. W

    Word of caution for the newbies.

    If Dazz didn't get wealthy off oil, what do you make of his views on the oil industry?
  7. W

    Word of caution for the newbies.

    Tor, even the index funds are down over 20%. The understanding I seek is much more fundamental, and effects future property and stock investing. And property investing is very much dependent on not only RBA rate announcements but global credit conditions. Evan, Paul couldn't tell the RBA what...
  8. W

    Word of caution for the newbies.

    Who knows how much is beta, alpha, or left sitting in cash. Check out the target asset level declaration for 07-09. It is less than 3.5%pa, eaten away by fees and presumably letting the banks have a nice lend.
  9. W

    Word of caution for the newbies.

    already happening in the US. and UK. The taxpayer is being screwed by govts backing bankers getting rich on irresponsible decisions.
  10. W

    Word of caution for the newbies.

    Bob Burrell said on Puplava's show this weekend that the average wealth of the top 200 hedge fund managers is $895 million. though I can't remember if that was naked shorting hedge funds. As Keith said, Gross is wealthy, as are Buffett, Munger, Jim Rogers (another guy I respect though he...
  11. W

    Word of caution for the newbies.

    Jit, nope.....I am reading more to understand big picture things rather than refine my stock trading. It is so hard to get balanced opinion on big issues. Think about how many people and institutions have been adversely effected by sub prime. That has motivated me to be more informed about how...
  12. W

    Word of caution for the newbies.

    Keith, Dazz, I read Buffett as well.....he's rich and has been doomish for some time, especially about the US banking system. Many wealthy guys made a lot of money at one point in time out of property or stocks, and they have been wrong over and over since in their calls on the economy. And...
  13. W

    Word of caution for the newbies.

    Like Anthony Robbins or Brad Sugars wealthy or a hundred hedge fund managers? Are they more credible?
  14. W

    Word of caution for the newbies.

    GR, Keith, Harris, when I think about it, the volume of loan business doesn't have to be reined in if lvr's and rates are. Doing the latter automatically reduces loans written. ANyway, my opinions are not pulled out of thin air or the SS consensus, but those I am reading consistently from...
  15. W

    Word of caution for the newbies.

    GR, I agree with some things you say above, especially how rare it is to get a MB to comment on - where Aussie loan funds originate, or their prediction of sub prime risk prior to June 07. If I was a MB I'd take more of an interest in things upstream to where I fished. Skimming through your...
  16. W

    Word of caution for the newbies.

    but that's my point GR. the US situation will directly impact Australia...and any newbie would be better off understanding how Australian credit conditions are ever more tightly tuned to the US. Australia's bank deposits are diminishing rapidly cos the majority of us can't save, ergo we are...
  17. W

    Word of caution for the newbies.

    AA.......Alan Kohler can't see how the big 4 can sustain current earnings.
  18. W

    Word of caution for the newbies.

    Some here are familiar with John Mauldin's Frontline newsletter..... today's letter is a doozie (needs email registration to read). International banking losses from the credit crisis are expected to just keep going up- some respected analysts are saying 1.6 trillion. Mauldin discusses what...
  19. W

    Word of caution for the newbies.

    The CBA warned of further increases later in the year due to the ongoing US credit crisis. The CBA is supposed to be the least reliant on foreign wholesale funds. If they are hurting from what's happening OS, then the whole Australian lending industry will be moreso. Australian property prices...
  20. W

    Word of caution for the newbies.

    I don't read every thread by any means and if I read one that gets repetitive or abusive, I just tune out and move on. I think YM and HG have a valid role here on Somersoft, when they argue rationally and present valid stats. Indeed, i agree with a lot of their macro views. And sorry LAA, but...
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