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    Zero Percent Interest Rate - Steve Keen

    Don't be so sure.........it is bad now.....but there maybe a boom later on. That is just the nature of cycles! Cheers Sash
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    Zero Percent Interest Rate - Steve Keen

    Mate....I have put my money where my mouth and have covered my proverbial....so I am waiting to see if it rains knives or mana. In either case I am implemented a risk management plan...I learnt something from my Project Management training!;) Havnig said that I have also taken a calculated...
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    Zero Percent Interest Rate - Steve Keen

    I am slightly under the market...I can't see rents going down substantially due to demand. However, they are leveling off at the moment. Sydney's West and Bankstown seems to be the exception. I am already substantially CF+...... I took a decision to be in this position by selling one of...
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    Zero Percent Interest Rate - Steve Keen

    Mate, I am reading my tea leaves also...LOL! I don't think I am in denial.....I agree that property will take a hit but I can't see it drop 40% Australia wide. Why....because unlike Japan....we are importing 200,000 people....yes I know it will be less next year. Secondly, unlike Japan our...
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    Zero Percent Interest Rate - Steve Keen

    Agree.....Japans asset bubble was due to the Japanese were in denial. The purposely were not transparent with what was going on. I can't see this happening Australia wide. However, it is possible it can happen in some sub sectors where asset values - i.e. house prices in mining towns got a dose...
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    Zero Percent Interest Rate - Steve Keen

    Lizzie, Mr Keen is gold! We should have more of him.....as you said it will scare the bejesus out of people as most are not financially literate! I am of the view that people will stop buying...okay it is bad for the economy....but eventually it will come back. I relish the prospect of...
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