Search results

The IMF has been singing the praises of our banking system for some time, most recently this... "Dr Cheng said the stress tests conducted by the IMF showed Australia’s banks would hold up even in the event of a 5 per cent drop in GDP and 35 per cent fall in house prices." which by even most...

Yeah, I'm after something like Steve Vizard's St kilda Victorian mansion for fair value, say 500k, as that would fit in with the average wages X house value formula that has been proven time and time again to be correct, by brilliant economists like Mr Keen.

He lost me when he referred to australia as having a "god given blessing"

You're taking advice from a guy that lives with mum and dad and has 6oz of gold under his bed? :rolleyes:

He's wound up all the doom and gloomers again. http://m.theage.com.au/business/the-boom-that-keeps-on-giving-20120907-25ivp.html

That 2008-9 period I bought the whole doom and gloom thing and was scared whitless when I think back. I worked on a short term contract for a bank at the time and they were just stopping mid project, pretty much everything. It was an incredible time. All contractors (bar me - lucky because of...

feed on this doom and gloomers http://www.theage.com.au/business/the-economy/unemployment-rate-posts-surprise-fall-20120906-25fwm.html

He feeds on it

That site is full of doom and gloomers, you know the pale guy at work who perpetually looks sad and always puts negative spin on every subject you bring up. I just can't help being the glass half full guy

This year has seen some monumental losses of jobs, wholesale closing of businesses, companies posting losses, neg sentiment in real estate - sales and stock are down, banks aren't lending as freely for resi or business and so on. So how many as a proportion of the total work force? I think...

As mentioned above, the urbanisation for many millions has a long way to go short or long term. This wont end in my lifetime. Take a trip over there and you'll see people shitting everywhere they can, in rivers, on roads, in drains, on trainlines - its everywhere. The place is an open sewer...

You're in dream world if you believe that things are over. The whole reference to a "boom" for commodity prices is incorrect as we are witnessing a massive structural change in the world economy inspired in part by the emergence of 3rd world countries which are seeking to lift the living...

So what sort of exposure to precious metals hobo have you got and also as a percentage of your total wealth. Ballpark will do