Shadow......seriously....you're coming across like a nutter.
Haha! I am used to this from <the other forum>, but not here!
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Shadow......seriously....you're coming across like a nutter.
I'm sure there was the guy on Tuesday October 29th, 1929 who was running around saying what extraordinary opportunites the unfolding crash would present for property investors.
Now, I still think we're looking a global recession rather than a complete implosion but Shadow......seriously....you're coming across like a nutter.
Hi Boz,
I was actually referring to the fundamentals of the property market, in Australia, but to address each of your points...
-stock market down 40% - good, drive investors away from the risky and volatile stock market into the stability and security of property.
-resources down 40% - great, reduce inflation and allow the RBA to drop interest rates even further.
-AU$ down 30% in 3 months - excellent, aussie property has already crashed 30%, this should attract foreign investors.
-RBA cut rates 1% in one event - and this is a bad thing for property how?
-house prices falling in UK and US on top of the stock market - sorry, I forgot, we're just like the US, and UK, and Japan too! We must follow the exact course set by foreign countries! (note - we must only follow foreign countries where property has fallen - we can not possibly follow a country where property continues to rise. )
-unemployment rising fast in most countries (except australia) - indeed.
- NZ in recession - IMF and government say Australia will not go into recession.
Cheers,
Shadow.
An economist is someone who knows more about money than the people who have it.
foundametals.
I'm sure there was the guy on Tuesday October 29th, 1929 who was running around saying what extraordinary opportunites the unfolding crash would present for property investors.
Pardon, English is not my first language, I edited the word,Pardon my ignorance, whats a foundametal ?
Pardon, English is not my first language, I edited the word,
By the way, foundamental is pretty much explaining what is happening in the economy from the data coming up from reliable sources (like RBA, ABS, etc.)
Pardon, English is not my first language, I edited the word,
By the way, foundamental is pretty much explaining what is happening in the economy from the data coming up from reliable sources (like RBA, ABS, etc.)
Maybe "floundermental"
Token I completely agree with you. What shadow should have done is simply said something as random as what you just did and that would have carried so much more weight.
Shadow in future please reply with random anecdotes, illogical statements and perhaps throw in some famous quotes that sound great but mean nothing...
ill start you off...
An economist is someone who knows more about money than the people who have it.
Gee I got it worng again!!! I think this time was foundation that got me wrong the spelling of fundamental wasn't really my faultOh, FUNDAMENTALS ?, If that's it now I understand