Search results

Used the wrong word in expolated, should have been, to quote you, assumed.

Quite simply,you posted a 3 year old chart, to be up to date you need 3 years of statistics charted not 1 year as you linked to.

According to your friends at Macrobusiness in the same article they have private debt is stagnating since 2008 and we are "dis-leveraging". http://www.macrobusiness.com.au/2011/12/we-are-all-keensians-now/ GDP is pretty much on trend. You need to chart it off the same base, not just...

The charts 3 years old, GDP has been steadily growing and housing finance stagnating, do you have figures relevant to today?

The cuts have certainly had an effect on the dollars in my pocket to spend and they have certainly had an effect on the dollars available to my business to spend. They will certainly have an effect on the repayments made by a FHBer. And so on and so on. As hobo can't supply any credible...

I am not nit picking or trolling, making these claims seems to be your way of avoiding questions you don't seem to have answers for. On this thread you have continually claimed that interest rates cuts were not stimulus. Governments/Central banks use Monetary and Fiscal Stimulus to...

hobo Resources, as per your graph also peaked in '08 and came off approx.33% there was no recession then, what is to say volume wont help offset prices or that prices may come back as they did after '08 or a combination. You say that property "started to correct as I expected it would"...

For each gloomy survey it's not hard to find a positive survey, perhaps a sign of the times, Rate cuts lift consumer confidence Consumer confidence has surged to a 19-month high as the Reserve Bank's 1.5 percentage points of interest-rate reductions boost household optimism, a private...

Thanks Peter will have a look.

Hi Peter Digressing for a moment, I'm in Paris next April for the marathon and looking for accomodation around central Paris, would you have any recommendations? Cheers Pete

Dylan Grice, as with you has been a long time bear when it comes to the Australian economy. To date neither of you have been correct. Perhaps for balance you should have noted that the IMF has increased its current Australian GDP estimates.

Hi jacbmw Probably would be poor form to use the chart you refer to, but I specified which chart I was referring to which was the ABS House Price Index Chart I have no problem with using an Australian Bureau of Statistics chart.

You can start quibbling now about whether your prediction was Sept. 08 or mid 09 the pertinent fact is that you stated in August 2011 that, "I stand by that prediction so I guess we'll see." Either of these dates are before the latest peak and according to the ABS House Price Index Chart...

hobo Once again you try to rewrite what you have posted, in August 2011(after the last peak) you were specific in standing by the predicted 15-20% drop from September 2008 http://somersoft.com/forums/showthread.php?p=825303#post825303 Quote: Originally Posted by turk how...

hobo Once again you're being very spare with the truth. Your original prediction of a 15-20% drop was made in September 2008, even after the fall from peak prices we are stiil about 10% above Sept.08 medians Leaving your prediction out by 25-30%. We now need a 25-30%+ crash to reach...

Quote Income recessions usually involve rising unemployment and some some hit to consumption. Whether this turns into something worse will depend upon the response to the rate cuts that will come if these price falls continue or do not reverse. Good to see that the author of this article...

Can't be all bad:p Just to prove I'm not a perma-bear http://somersoft.com/forums/showthread.php?t=80012&page=9

Hi starter It's been 40+ years since I studied economics and agree that a rate cut is a stimulus,something that you would learn in about year 8 economics. Was looking forward to hobo-jo's explanation of these new economic theories that he has put forward but it look like we're left with...

They use it for both reasons. As in now cuts for stimulus, which if overdone can lead to inflation and increases to slow the economy to help keep inflation in check. This is why with low inflation now it is easier for the RBA to cut interest rates to stimulate the economy. Monetary...

The discussion is not about semantics or the definition of a single word. For decades Governments and Central Banks have been using Monetary Stimulus(cutting interest rates) as one of their main weapons in avoiding recessions, you have continually claimed that cutting interest rates is not...