that's the funniest thing i've read on BIGFOOTY FOOTBALL FORUM!
sigworthy i'd say.
Connecting the dots - Are we on the brink of calamity?
- Thread starter Smiling Buddha
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sigworthy i'd say.
- Oct 30, 2010
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haha
can't remember why i joined originally. i don't really know anything about footy, certainly not to the extent to bother talking about it (except over beer with mates). conspiracy theories and the new-age celebration of ignorance though- that i know stuff about
http://www.watoday.com.au/business/...cent-of-pregfc-conditions-20140603-39fcl.html
A storm alert today from Simon Derrick at the Bank of New York Mellon. He cites three warnings from leading central bankers, all alarmed by the remarkable disregard for risk in the equity, credit, and currency markets.
The Bank of England's Deputy Governor Charles Bean says the lack of volatility is "eerily reminiscent" of the run up to the financial crisis in 2007-2008. Investors are turning a blind eye to a large fact: that central banks are intent on extricating themselves from QE and emergency policies come what may, and this is going to be a painful experience.
Italy central bank Governor Ignazio Visco issued a similar warning on Friday: "Volatility on the financial markets in the advanced economies has subsided to well below the historic norm, reaching levels that in the past sometimes preceded rapid changes in the orientation of investors."
Read more: http://www.smh.com.au/business/mark...-conditions-20140603-39fcl.html#ixzz33Y6kJDPy
A storm alert today from Simon Derrick at the Bank of New York Mellon. He cites three warnings from leading central bankers, all alarmed by the remarkable disregard for risk in the equity, credit, and currency markets.
The Bank of England's Deputy Governor Charles Bean says the lack of volatility is "eerily reminiscent" of the run up to the financial crisis in 2007-2008. Investors are turning a blind eye to a large fact: that central banks are intent on extricating themselves from QE and emergency policies come what may, and this is going to be a painful experience.
Italy central bank Governor Ignazio Visco issued a similar warning on Friday: "Volatility on the financial markets in the advanced economies has subsided to well below the historic norm, reaching levels that in the past sometimes preceded rapid changes in the orientation of investors."
Read more: http://www.smh.com.au/business/mark...-conditions-20140603-39fcl.html#ixzz33Y6kJDPy
- Apr 4, 2013
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Australia's mortgage market has been made up of what might be called 'subprime' for well over a decade. The situation for what they call 'prime' mortgages in the US is bizarre - 30 year fixed rate mortgages at around 5-6% would be snapped up here in huge numbers. Such prime mortgages don't exist in Australia at all.
For some reason it works here and not there. Maybe the same crunch is coming here and we don't know it yet. I think there are secondary factors at play - medical expenses are a massive cause of bankruptcy there, if you aren't educated you earn absolutely terrible money, and if you are you're saddled with enormous debt from tuition fees.
Power Raid
We Exist To Win Premierships
I have grave concerns for the australian property market. We have a number of issues such as property tax, capital gains and other issues related to property that need to be addressed. However, there is a massive bubble and any attempts to fix it could cause massive pain to the banking system, the economy and worse.....the electorate.
thus nothing will be reformed until it breaks.
- Oct 30, 2010
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i said ~3 years ago that surely the property market is due for a correction. i've been wrong for 3 years. most recent data though shows a small fall:
http://www.news.com.au/finance/real...arket-is-cooling/story-fncq3era-1226939902266
though nothing really to get alarmed about. note that if there isn't a crash, was there a bubble? certainly many feel the market is overvalued- but if people keep paying these prices and loans keep getting repaid, then it's hard to call it a bubble. ultimately, everything hinges on the rate of employment.
Power Raid
We Exist To Win Premierships
you're right
I look at the 4 quadrants where $ flow in investments being cash, property, equities and other (commodities, international etc). cash is attractive is interest rates are high and for the reason of debt levels, they will remain flat for decades. equities are very high in value and extremely volatile post GFC. property has maintained value as people have shifted out of equities and low interest rates means holding costs are low.
The last quadrant is unfamiliar to most australians as the first three quadrants have been great performers for 70 years. However, I feel like japan of the 90s, people will chase higher yields overseas. We have seen that with people investing in US property, the rise of hard commodities and now soft commodities. When this becomes mainstream, this is when property prices will fall in line with competing investment alternatives.
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- #508
Forbes: This new LIBOR scandal will cause a terrifying financial crisis.
Intriguing article. We are in, by some measures, uncharted territory.
And, by other measures, we worn territory.
- Apr 4, 2013
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I've been thinking for a while that shifting my super into cash might be the go
Power Raid
We Exist To Win Premierships
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So the European Central Bank has adopted NEGATIVE INTEREST RATE policy.
http://www.zerohedge.com/news/2014-...rope-officially-enters-monetary-twilight-zone
Don't worry folks, this is completely normal, we're just in a cyclical downturn, the good times are around the corner, keep working, keep spending, keep taking on debt, everything is going to be juuust fine.
http://www.zerohedge.com/news/2014-...rope-officially-enters-monetary-twilight-zone
Don't worry folks, this is completely normal, we're just in a cyclical downturn, the good times are around the corner, keep working, keep spending, keep taking on debt, everything is going to be juuust fine.
- Oct 30, 2010
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if instead of pontificating you actually wanted to learn something about economics, stay away from zerohedge the panic merchants.
- Apr 4, 2013
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Hey SB, have you ever read what the Fed proposed to beat deflation?
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- #515
Doesn't ring a bell.
Aware me brah.
In the meantime, let's not forget that the US already has an effective negative interest rate for savers, as interest paid on savings is significantly less than real inflation.
Later on I will check to see how far off we are from being in the same boat.
s**t is ****ed and no campaigner is paying any attention.
- Apr 4, 2013
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It used to be here but they've taken it down [/tinfoil]
http://www.dallasfed.org/research/swe/2003/swe0304a.html
Anyway, this might work. Search for the sentence starting with "The strategy for eliminating the zero bound ..."
http://www.dallasfed.org/assets/documents/research/swe/2003/swe0304a.pdf
Irving Fisher's proposals specifically.
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- #517
Here's some more food for thought.
http://www.zerohedge.com/news/2014-06-09/across-america-police-departments-are-quietly-preparing-war
- Oct 30, 2010
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How many times do I need to correct you on the 1.6 billion rounds of ammo figure? They didn’t purchase that much, it’s how much they have tendered for purchase. They might use half or all of that amount, but they will buy it as required up to a maximum agreed amount for the agreed price. You don’t do business do you? lol.
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- #519
No comment on the military hardware being assembled by the 'police'?
- Oct 30, 2010
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Meh, I just feel lucky to live in a country where the right to arm yourself to the teeth isn’t enshrined in the constitution. certainly it (the militarisation of the police) has nothing to do with a calamity they're on the brink of.
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There's a surprise.
Seems rather concerning on the face of it but what would you reasonably expect the Govt to do with army surplus? Lots of ways to look at it but that was the question that came to mind.
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It’s surprising that I don’t wet my pants at every opportunity?
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Why do you take it for granted that there ought to be an 'army surplus' in the first place?
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I mean, it’s pretty hilarious. on the one hand we have buddha’s stupid thread about bundy the freeloading farmer and his band of armed merry men, and then on the other we have this one where he wets his pants because the government unreasonably believes it necessary to be armed too. quite the intellectual disconnect.
