Yep..earnings less than last year but we are promised big things in 2016 -2017 onwards... because America is great and has the force on their side ..and Aunty Janet is there to help us too..
Yep..earnings less than last year but we are promised big things in 2016 -2017 onwards... because America is great and has the force on their side ..and Aunty Janet is there to help us too..
May the force be with you
Yes, Janet is doing a good job and doing as they command - keep it going to the election
Post election - goodness knows ....but Aaron's wishes might eventuate but a long wait
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Not everybody, I am still waiting for a major crash.
I seem to remember Olly Newland publishing a book circa 2004 saying how he had sold all his Auckland residential property as it was going to crash ......"the day the bubble bursts"
How much if at all did Auck property come off over the GFC ?
I suppose what I am trying to say is "the market can stay irrational longer than you can stay solvent " So be careful if you are trying to short Equities Aaron.
Not trying to short equities too risk averse with no limit to your loses if asset price inflation continues indefinitely. Actually I should learn how to short shares. I have been meaning to sign up with a firm like Interactive brokers for awhile. I am just waiting patiently for an opportunity to buy assets cheaper. Whether I will recognise a bargain in the middle of a crisis is another story.
I believe in the theory that 2008 was a debt problem that has been solved with more debt which isn't really a solution at all. I have no idea what will happen in the future. The magic of inflation may make things alright and prices will never come down only increase and debt will vanish. This is what central banks and govts are working towards.
I understand the great depression was caused by excessive debt, this time round economic theory says that if we keep expanding the money supply and debt we won't have any problems I think this is still economic theory. We have got to negative interest rates and really the next step is helicopter money but at some point money becomes meaningless. I hope there is a drop in asset prices first otherwise I will be caught with worthless currency.
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Originally Posted by winner69
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