So in summary, Japan had massive credit-financed speculative bubbles which burst, leading to deflation. Seems the similarities are greater than the differences.Stories relating the differing attitudes towards shares and real estate are irrelevant on the basis that prior to their crashes, the Japanese people had the same beliefs as Australians…[Read more]
Whoops, I forgot to respond to "are australian banks short of capital at the moment".What our banks are critically short of is liquid assets. Only seven tenths of one per cent (0.7%) of all bank assets are held in truly liquid assets – RBA deposits and government securities. The remainder of what they call liquid assets are actually just loans and…[Read more]
are australian banks short of capital at the moment, umm, I dont think so, is there going to be a mass influx of retirees next year? did the japanesse have superannuation systems in place??
Pfft! Are you saying the primary reason the Japanese have had 15 years of stagnation and mild deflation was because they had too many re…[Read more]
Basicly is it possible to get a contact price of say $260,000 and find a way to only pay the seller say $230000 and pocket the excess at settlement without the bank knowing.-Paul smart 0406660891[email protected]
Sure, it's called fraud, or more specifically the offence of 'obtaining money by deception' and punishable under the…[Read more]
Flash, I bought a few dozen bullion-grade fine silver one ounce coins over 2004 & 2005. Also some Unc Australian Mint silver coins ranging from an ounce up to a couple of 10oz'ers. All bought when silver spot was less than US$7. None for more than AU$10.50. Currently up around 66%.
Im confused here. you quote an old post that is supposed to prove that you DONT post late trades, but all you have done is provide another example of you doing just that. anyone can say "oh I did this back then and it's gone up, arent I clever?"hows that for googling your old posts?
That's not an example of your google prowess. I…[Read more]
well spotted harb.F seems to a "multiple property owner" who "expects prices to fall hard", yet instead of selling he has "structured my investments to deal with this" (deflation) while simultaneously being "liquid" without being in cash. Obviously this means he is in shares but instead of simply saying that, he implies that he has…[Read more]
the only thing that excites (F)wit is "oooo goody, another opportunity to make crashy look stoopid"
Why would I need to? You seem so well adapted at achieving that outcome for yourself! Hint: Name-calling is childish. Cheers, F. [cowboy2] Harb: For what it's worth I expect the RBA to cut the OCR well below the record low of 4.25%…[Read more]
Huh? This only takes interest rates back to where they were last November.
Where is the latest cut taking us back to, 5 years ago ? Wait another month and it 'll be back to 7 years ago.How is your landlord doing, could you say hello from me and ask him if he wouldn't mind passing that rate cut to you so your…[Read more]