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Re: Perth WA Meetup! Anyone interested??
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Re: 100y drought Western NSW
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Author Topic: Party over!! World’s longest running bull market – 55y Aus housing...  (Read 8711 times)

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Gympiegoat

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I went to Melbourne last year to visit my son & dropped in at Epping supermarket. I thought I was no longer in Australia. Thought I was in Lebanon or Vietnam.

Only hint of a changing Australia in Gympie is a few Chinese, Thai & Indian takeaways & a few Indian owned petrol stations.

I'd be happy to have a blander diet to have the Australia we had when I was young before Al Grassby & Labor stuffed things up.
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jack outbush

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We now have a 100,000 homeless people , yet when  certain types of immigant parasites arrive they  get housing instantly plus go on welfare ' resist learning to speck English & wont intergrate !!!   >:(

These types  of people are best described as Garbage  , they will destroy our future , out breed us ! whilst using our money to  destroy our way of life  :(


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odzy

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Not long before someone like Pauline will come along and rule...  then!  We trow them all out  ;)
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grenadier

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Another one like Pauline in and then the locals will get rid of her too. She orta watch that low rat who's flying her around too.
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OzHippy

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Yip the sky is falling get ready for major instability....

A lot of fundamental issues with global economy are sticking their ugly head out.  GDP of Europe/US/Japan/China below expectations.  Credit liquidity is drying up – Trump starting trade wars – housing and building prices across the globe are softening. 
Asian/European/US markets down and down on Thursday.  All US stocks in the red for 2018. 
Might be another ±2% loss in super today when the Australian markets open at 10am Friday….

Stocks Plunge As Trade Turmoil, Credit Crisis, & Tech Wreck Loom
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Investment Grade Credit Crashes As Dow Dumps 500 Points
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grenadier

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I reckon the world economy and national economies are models, theories, paradigms that are followed and have no real substance. At the stroke of a pen, world leaders could wipe all slates clean and start all over again.
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jack outbush

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I reckon the world economy and national economies are models, theories, paradigms that are followed and have no real substance. At the stroke of a pen, world leaders could wipe all slates clean and start all over again.

I used to think similar , but the debt now is so intertwined that doing so would start anarchy .
But to cheer you up we are facing a dystopia situation anyway   :(
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OzHippy

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New home sales in the US have dropped three months in a row. Yip there is carnage in the global markets the debt burden is coming home to roost.  Most gov spend more than they earn it has to eventually fail.

Carnage... Everywhere
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There is plenty of dysfunction in plain sight to suggest that the financial markets can’t bear the strain of unreality anymore. Between the burgeoning trade wars and the adoption in congress this week of a fiscally suicidal spending bill, you’d want to put your fingers in your ears to not be deafened by the roar of markets tumbling. A 40 to 75 percent drop in the equity markets will leave a lot of one-percent big fish gasping on the beach as the tide rolls out. But the minnows and anchovies will suffer too, as regular economic activity declines in response to tumbling markets. And then the Federal Reserve will ride to the rescue with QE-4, which will very sharply drive the dollar toward worthlessness. The result: a nation with a sucking chest wound, whirling around the drain en route to political pandemonium.
« Last Edit: March 24, 2018, 08:31:51 am by OzHippy »
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doomsdayprepper4570

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  • Keep ur powder dry and knives sharp

And also trump is starting a trade war with china!
All looking good for a merry x-mas.
Trula lul la la la la la!   :)
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OzHippy

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With economic collapse comes war and the war rhetoric is increasing.  India and Pakistan are also going at it again.


Chinese Newspaper: Beijing Should Prepare For War In The Taiwan Straits
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In Warning To Iran, Israel Releases Video Of 2007 Airstrike On Syrian Nuclear Facility
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Russia warns will retaliate if US strikes in Syria over 'false flag chemical attack'
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EDIT: Fixed tiny fonts - Graynomad
« Last Edit: March 24, 2018, 09:49:44 pm by graynomad »
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doomsdayprepper4570

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I need to sell some more cattle and top up the petrol stores!
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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.

myfxpt

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Median house price, Melbourne, 1971, was $13,800. Today it's around $900,000, a 65 fold increase. National median house price up an average 44 fold since 1971. Over the same period average wages up 17 fold. In 1971, if you were able to pay 100% of your gross wage on the mortgage (hypothetically!), you would pay it off in 3.84 years. If you were able to do the same today it would take 14.68 years. To regain parity with 1971 purchasing power, either the median house price would need to fall to around $235,000, or average wages would need to rise to $3,080 per week. I wonder which will occur first?
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OzHippy

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I wonder which will occur first?
Both when he bubble bursts and hyperinflation sets in.  House ownership in Australia has steadily decrease for the last few decades - most houses being taken up by investors. 

Personally I think the stock market is on it's last 'dead cat bounce', and the debt bubble is going to explode.  It has reached peak crazy.  Argentina, Turkey, Iran and other developing nations currencies and bonds had major collapse this months.  Argentina has applied for emergency aid from the IMF.  There is simply too many global financial problems to even mention.  Italy is on the verge of forming and anti European/EU government - their bonds are also in free fall. 

An "Audible Gasp" Was Heard When The Chicago Fed Unveiled Its "Solution" To The Pension Problem
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Homeowners with houses worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000.

"There Will Soon Be A Terrible Price To Pay For This Hubris..."
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every lever is being pulled and every future income spent to maintain the appearance of growth and prosperity in the here and now. Very sadly, there will soon be a terrible price to pay for this hubris. "
« Last Edit: May 13, 2018, 01:53:51 pm by OzHippy »
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myfxpt

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I wonder which will occur first?
Both when he bubble bursts and hyperinflation sets in.  House ownership in Australia has steadily decrease for the last few decades - most houses being taken up by investors. 
The GFC of 2008 was only a firecracker. What's coming will be of Super Nova proportions.
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graynomad

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... In 1971, if you were able to pay 100% of your gross wage on the mortgage (hypothetically!), you would pay it off in 3.84 years. ...

Yep. I bought my first house in 1981, at $42k it cost about 3x my wage at the time, seemed like a lot then but I'd hate to be a first home buyer these days.
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Scattered showers my arse -- Noah, 2348BC.
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