Stupid World

[Brian d marge]

Says the person who is still looking for money out if the bankers arse...

sent for a divine source

[mashman]

Aye, so you keep pretending.

You'd have to have a clue yourself, of course, to make any such claim anything more than mildly amusing.

Well I have tried to explain it to you a few times over the years, in many different ways using many different examples yet all underpinned by the same economics as happens today. Yet here we are. I am glad it amuses you though.

[mashman]

Ah yes, the last defense of the conspiracy fuckwit: "You don't understand my bullshit".

I've asked both of you repeatedly to explain your vague inferences numerous times, you avoid being drawn into any meaningful discussion at all costs. And nobody could ever accuse either of you of anything approaching coherence in doing so.

@blaming others for your lack of understanding. I find your cognitive dissonance highly ironing.

[Ocean1]

@blaming others for your lack of understanding. I find your cognitive dissonance highly ironing.

Oh look, another post desperately avoiding any backing up of previous bullshit.

How droll.



Not.

[mashman]

Oh look, another post desperately avoiding any backing up of previous bullshit.

How droll.



Not.

Continuous adhoms and blaming other people for your lack of understanding... tsk tsk.

[Ocean1]

Continuous adhoms and blaming other people for your lack of understanding... tsk tsk.

You're right.

If you consider "bullshit" an adhom.

Which isn't far short of the mark.

[mashman]

You're right.

If you consider "bullshit" an adhom.

Which isn't far short of the mark.

bwaaaaaaaa ha ha ha ha ha ha ha ha ha haaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

The free lunch is coming.

It finishes for questions at 21:32... but in order to cut to the chase, he explains your mob at 18:50.

[Brian d marge]

Continuous adhoms and blaming other people for your lack of understanding... tsk tsk.

Werent they the intelligent ones in jonathans swifts book
We are replying to the same person arent we?
Must consult the yahoo they would know


sent for a divine source

[Voltaire]

I'm going to go out on a limb here....

After doing a bit of MSM reading I suspect the Govt and 'The Banks" are not telling the truth about the housing bubble.

Seeing as Westpac, ASB and ANZ are Australian banks you really need to look over there to see whats happening.

The Big Four as they are called have since the decline in commodities got into mortgages and now are needing to keep lending to keep prices up so as to keep lending.

Overseas articles say its more extreme than the US Sub Prime of 2008. AU banks are finding overseas cash drying up so not passing Reserve Bank cuts on and hoping

people might start saving again. Apartment building is in full swing with the main centers of AU skylines having over 500 cranes.

Australia has not had a real recession in 25 years so thinks it wont happen.

Interesting view here is that on one hand house prices can go up 12 % year after year yet people think in the event of a bubble burst they wont go down by at least the

same rate, hope springs eternal.

You might have seen in the news last week a 2 bedroom 40's weatherboard house house selling in Onehunga for 1 mill....... jumping jehoshaphat

If a bank collapses here I don't think your savings are guaranteed any more, and no your mortgage is not cancelled as its an " asset" that will be sold as part of the banks

assets.....thats after the Govt throws in your tax payer money to bail them out......where is the risk for the banks? no wonder they act like they do.

Oh and I think Mortgage Protection is for them too, not you.


Thats enough pondering for a Sunday, off to the shed to play

[mashman]

2 of my favourite lines.

"Yeah, whatever tits."

"Everything is worth what people are ready to pay."

[Voltaire]

2 of my favourite lines.



"Everything is worth what people are ready to pay."

Tulips anyone?

https://www.damninteresting.com/the-...ubble-of-1637/

[sidecar bob]

"Everything is worth what people are ready to pay."

The former CEO of NZ Rail, who I am in frequent conversation with, once advised me to "charge as much as the market can reliably stand" So far that advice has worked reasonably well for me.

[mashman]

Werent they the intelligent ones in jonathans swifts book
We are replying to the same person arent we?
Must consult the yahoo they would know


sent for a divine source

Oooooo, sorry, I try not to read books given the evidence that it shapes too much of ones thinking to the point where it's laughable to consider what spews forth thinking. I'm old fashioned that way

Tulips anyone?

https://www.damninteresting.com/the-...ubble-of-1637/

Ah yes, Einstein's definition of insanity. I blame the reading of too many books... today

[Woodman]

The former CEO of NZ Rail, who I am in frequent conversation with, once advised me to "charge as much as the market can reliably stand" So far that advice has worked reasonably well for me.

Thats pretty standard business practice. After all, you are there to make money, nothing else.

[mashman]

The former CEO of NZ Rail, who I am in frequent conversation with, once advised me to "charge as much as the market can reliably stand" So far that advice has worked reasonably well for me.

I guess he didn't explain the economic ramifications of taking such a position. Fair enough though, I had to work that shit out for myself and it really isn't pretty and goes against the conventional wisdom of the successful. Not judging ya...... economics is