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Author Topic: Party over!! World’s longest running bull market – 55y Aus housing...  (Read 880 times)

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doomsdayprepper4570

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #15 on: November 27, 2017, 09:41:57 am »

I am not interested in freeing any of them really!
Just off with their heads will do for me!
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Mirage

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #16 on: November 28, 2017, 08:26:37 pm »

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Fortunately I'm in a position where none of the markets affect me, they could all drop by 80% or whatever and I couldn't give a toss.

In fact I hope they do, then all these people making money by doing nothing will get a taste of reality.

Sad fact of the matter is all the dodgy markets affect ordinary folks in their everyday lives quite a lot.  Even folks with no mortgage, shares or anything they might consider to be an 'investment'.  The people immersed in these rackets are going to go nuts, lash out blindly and cause plenty of economic damage as they burn up on re-entry to reality.

It might be compared to 100 people being locked in a small room with no way out.  They are all wearing clothes soaked in petrol. One is not.  Then someone tosses in a flare.  Even the one not soaked in fuel is going to get well charred in the ensuing chaos. 

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graynomad

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #17 on: November 28, 2017, 09:30:28 pm »

True, a large crash would hurt a lot of people that had little or no choice about their exposure to the markets, most notably in their superannuation and of course jobs.

There aren't many plus points to being an old fart but one of them is that I've been able to totally remove any direct exposure I have to the markets.

Now that's direct effects, I'm sure there will be indirect effects I haven't thought of but really, unless we lose the system entirely I can't see how I would much care. So right down to the point where food stops being shipped I'm good I think, if food stops I'm in some bother but I am taking steps to mitigate that as well.

And if food stops then we have security to worry about. That's a discussion for another day I think.
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odzy

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #18 on: November 28, 2017, 09:34:09 pm »

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Sad fact of the matter is all the dodgy markets affect ordinary folks in their everyday lives quite a lot.  Even folks with no mortgage, shares or anything they might consider to be an 'investment'.  The people immersed in these rackets are going to go nuts, lash out blindly and cause plenty of economic damage as they burn up on re-entry to reality.
It might be compared to 100 people being locked in a small room with no way out.  They are all wearing clothes soaked in petrol. One is not.  Then someone tosses in a flare.  Even the one not soaked in fuel is going to get well charred in the ensuing chaos.
Not necessarily...  IF the person who isn't soaked in petrol stays out of that room he/she will only be watching from the sideline as the others burn.  You see it's all about being prepared well ahead before it comes to this scenario ;)
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doomsdayprepper4570

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #19 on: November 29, 2017, 06:59:12 am »

Being debt free and having no shares etc etc makes me feel pretty secure.
Could not care less about the banks and how much cash people loose.
Last crash 2008 mum and dad's friends lost $300,000 in the stock market!
I just laughed my arse off.
Why mum said? Because they must have had it to loose it and for me it is plain and simple greed!
The money came from a beach house at woodgate in qld that they sold without giving a thought
to the rest of their family and they were not short of cash.
All these wankers pouring money into the stock market deserve what they get.
Too many people being paid too much money and everyday items of modern live are wayyyyy
over priced. Time for a reset.
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grenadier

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #20 on: November 29, 2017, 07:31:05 am »

One day we will be hunter gatherers by necessity.
We could be now, but life as we know it is just so eeeaassyyy.
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sea-dove

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #21 on: November 29, 2017, 12:49:27 pm »

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Being debt free and having no shares etc etc makes me feel pretty secure.
Could not care less about the banks and how much cash people loose.
Last crash 2008 mum and dad's friends lost $300,000 in the stock market!
I just laughed my arse off.
Why mum said? Because they must have had it to loose it and for me it is plain and simple greed!
The money came from a beach house at woodgate in qld that they sold without giving a thought
to the rest of their family and they were not short of cash.
All these wankers pouring money into the stock market deserve what they get.

sighs, my grandfather owed a block of 6-8 flats in a prime location in the city but when he sold the block of flats, he put all the money on the stock market and lost it.  My grandmothers family had been wealthy and due to stock market loss only just 15K went to each of their 17 grandchildren as most of the money was lost. 

He was so careless with my grandmothers inheritance money that when he died and my uncles were going throu the paperwork, they found he still owed a small vacant block of land right in the middle of the city which he had forgot he still had.
« Last Edit: November 29, 2017, 12:52:58 pm by sea-dove »
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doomsdayprepper4570

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #22 on: November 30, 2017, 07:19:16 am »

Lucky for them he forgot!
If the dickhead had bought a couple of beach houses or the like things may have been different.
Or a couple of whore houses if in the 70's. Nowadays whore houses are going broke
as the sex is too easy to find.
Just offer some crack and they will sell you their crack!
But that is not all that it is cracked up to be. :o ;D ;D ;D ;D ;D ;D ;D
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Loose ends make my arse itch and I have just clipped my finger nails. So the itch flows to my trigger finger.

grenadier

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #23 on: November 30, 2017, 08:16:16 am »

I need some crack.
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OzHippy

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #24 on: November 30, 2017, 05:42:31 pm »

Bitcoin Flash-Crashes To $8,500, Then Rebounds As Biggest US Exchange Breaks
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Chaos:Bitcoin bounced back $1500 from the lows, rising as high as $10,400 from nearly $2000 lower just an hour earlier, before trading in a range around $10,000.
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We live in interesting times!!

grenadier

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #25 on: November 30, 2017, 05:56:48 pm »

I wonder if Bitcoin will be the next Poseidon.
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Mirage

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #26 on: November 30, 2017, 06:54:20 pm »

Its the Dutch Tulip Mania in modern guise.

Never-the-less ... profits are profits. 
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doomsdayprepper4570

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #27 on: November 30, 2017, 08:56:06 pm »

I should have bought a few at $750 each.
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Loose ends make my arse itch and I have just clipped my finger nails. So the itch flows to my trigger finger.

OzHippy

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #28 on: November 30, 2017, 09:33:01 pm »

There is serous instability so a few big players keep buying after every flash crash to keep the dream that it cant go down ever..


Back in 1929 during the big crash many wealthy investors pumped lots of money into the markets to keep them going - in the end it all failed.  A lot of the money on the stocks and bitcoin are borrowed money at very low interest rates Japan at Zero and EU I think still negative. Once it starts dropping and cant be propped up as the calls the the borrowed money it becomes and avalanche with 50-80% loss.  Now would be a good time to take profit and head for the hills. 
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doomsdayprepper4570

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Re: Party over!! World’s longest running bull market – 55y Aus housing...
« Reply #29 on: December 01, 2017, 06:56:40 am »

Can not argue with that!
I am doing the same with some items I have that are at a high atm.
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Loose ends make my arse itch and I have just clipped my finger nails. So the itch flows to my trigger finger.
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