Search results

ummm sorry to hurt your feelings once again. if it makes you feel any better let me be the lunatic and you the rational one, better? - in the end of the day we are all looking stupid at this stage. I am not prepared to continue conversing on this topic, it has shifted from the original...

Shadow glad we picked up on the same point. Seriously to me this last paragraph of MC tells me atleast, this is the time we stop posting. 250k has a higher likelihood of doubling than 500k? because of ???? - this is a laymans understanding of price growth. "ofcourse prices could double 10...

graph theory and statistics and the university of sydney, what about you? This makes absolutely no sense. You are basing your analysis on "feelings". Your feeling is that 250k is "cheap" and therefore its more likely to rise whereas your feeling that 500k is "expensive" and is more likely to...

can you apply point 3 to what you have been saying? Can you apply point 3 to anything Keen has said? Given you cannot can you please proceed to point 4.

theres something called renting. No one in their right mind buys a house to live in or otherwise if they are convinced for the next 10 years they will see 40% of their equity disappear. This is the excuse he is using NOW to sell his house in order to rent. Evand seriously feel free to...

You forgot to include the (impossible to argue against point) - "but its possible, why cant it? I am sure people in Japan doubted it too? and in the states... look at them now." Someone stupid like tcocaro will then start raising things like (population growth, demand & supply and the stats...

Shadow i keep telling you.. graphs, figures, actuals or even reality itself are not relevant. Random comments are a much more effective method in arguing your point it seems. The price of fish is $1.30.

so Keen thinks prices will rise in the short term? If thats his position then the label i would give him is idiot. - ps your pushing the limits of rationality in his defence and digging the hole deeper. Keep going.... what other reasons you can think of? - please say it out loud so you can...

because he had an OFFER TO BUY!!! and said NO!!! seriously don't understand where your taking this. Its black and white.. he went to auction got an offer and said no because he thinks he can get higher. full stop. note "thinks he can get higher" sort of flies in the face of his picture...

mate we are splitting hairs.. but when asked about unemployment he said best case worse than the previous recession i.e. 10.9% and worse case 20%. *note "worse than" which means he thinks the best case is about 12? 13? and his position is somewhere between that and 20? pick a number...

HAHHAAHAHAH ok now i am laughing. He is a "speculator". Oh please this gets more amusing to what end will you defend his position of a 40% drop and him not selling WITHIN AGENT GUIDANCE? This post was the cherry on-top... Keen the specufestor PS even GHPC is making fun of this fact and...

How is it "grossly" misrepresented? Keen said WORSE than the recession of 1990 - unemployment hit in 1993 i think from memory 10.9%? So by "worse" he means greater than 10.9% and this was his "best case" so given Keens "worst case" is 20% then whats his own view? 18%? His own words mate...

Max, Its obvious you got agitated because I actually substantiated my claim. And no i don't believe you when you say "Yep, that is the truth I knew already." I am happy for you to disagree with the article.. Your original response was an attempt to be coy. You got served and now your...

He didn't sell. At auction there was offers within the agents guidance of 500-550.. 505k was the offer from memory. So by NOT selling what exactly is he doing? Holding out for a better price. How? prices are plummeting arnt they? 40% to be exact (max carnage happy to quote if...

7:30 report 08/10/2008 PROFESSOR STEVEN KEEN: Best case scenario is a recession more severe than 1990 and lasting one and a half times as long. Worst case is something up to the level of the Great Depression which was 20 per cent unemployment and lasting up to a decade. -- good...

So you simply repeated the same thing only now it took you two pages to say it. First. Where have I said I believe the market will boom? Find me the post and reference it please. Given I haven't please stop putting words in my mouth. I find anyone claiming a 40% boom in this economic climate...

evand you have taken this line on several posts and its plain wrong. This is the FIRST article ive seen to debate Keen or at least question both his motives and soundness of his predictions. I have not embraced the article as supporting my views as you purport, it doesn't even try to critique...

Very well written. Even those that support Keen must agree that there has been no countervailing position, he has not been put to debate against another economist and his views have been taken as gospel by media. I wont say much more as this topic always starts a bit of a (b*tch fest) however...

good reply, i take back the tone of my original post. although i would like to add the RBA raising rate is designed to slow the economy ideally for a soft landing, worse a recession and worse case a depression. So predicting a slow down/recession is like predicting the inevitable i.e. doesnt...

? Keen saw this coming? what part exactly that when rates go up they eventually come down? The RBA could not have factored in the external situation deteriorating the way it did. Further more what is occurring now from an Australian perspective has more to do with sentiment than anything...