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    Steve Keen finally admits he was wrong!

    Spot on, as an individual you just tear yourself up trying to change the system, so just accept the system and look at ways to profit from it.
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    Steve Keen finally admits he was wrong!

    Well the answer to this is easy. I think WW should transfer his money to China and buy property in China. Since they have a current account surplus, then everything must be hunky dorey. No need to worry about anyother investment analysis. Country has CA surplus buy, country has current...
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    Steve Keen finally admits he was wrong!

    For god sake mate, you are talking primarily about a property forum. Of course the focus here is going to be property. That doesnt mean that the whole of australia replicates the actions of people in this forum. This topic is going round and round and round and round and.......... One...
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    Steve Keen finally admits he was wrong!

    Yes very true, when credit markets are not priced efficiently unfortunately these sought of things are a necessary evil. However the markets are slowly opening up now, nothing like pre 2008, but they are thawing (spelling?)
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    Steve Keen finally admits he was wrong!

    Of course, because this is a forum of information sharing. Many of the moderates on this forum were never arguing for boom time conditions (although they will be happy to receive them:D). They were stating that IN THIS CYCLE based on available evidence residential property might have fallen up...
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    Steve Keen finally admits he was wrong!

    And interestingly i notice that Bill Gross from Pimco is stating something similar: http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2009/Gross+Sept+On+the+Course+to+a+New+Normal.htm
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    Steve Keen finally admits he was wrong!

    I did post the following late last year (mainly as a series of posts directed towards Non-Recourse), its a long read, but i still believe the circumstances still hold true: Economic Re-alignment: Investment Stratagies ________________________________________ With the level of worry on this...
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