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Thread: Black Monday

  1. #5956
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    Quote Originally Posted by percy View Post
    Had lunch with the wife's nephew today.
    He sees a real problem with all the debt,and thinks there will be a world financial meltdown.
    He is hoarding Silver and Gold.
    And I think he must think there is going to be a food shortage too,by the amount of tucka he put away.!
    Hopefully he also has other assets as well as gold and silver I really like gold as a bit of insurance. I find the main advantage is that it calms my nerves and and allows me to stay invested in equities.

    Jack Bogle, the founder of Vanguard as we all know, mostly spoke of gold as a terrible investment. However, in one interview, he did admit that he has a 5% gold allocation in a charitable fund that he runs to guard against catastrophe. I couldn't believe it! I always felt guilty about my gold because people like Bogle (and Buffett) were against it. And then he admits that it might actually have a place in a portfolio.

    The whole interview is terrific. His gold "confession" is at the 56 minute mark.

    https://youtu.be/3uJbHREmUs4?t=3365
    Last edited by Bobdn; 18-11-2019 at 12:01 AM.

  2. #5957
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    consolidating above the breakout - usually positive
    bull

  3. #5958
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    These 4 rules are great when you think you're at the bend at the end of the trend, dont know when.
    Four Bear Market Rules | Fisher Investments | Full Video

  4. #5959
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    first down day for a while on us markets , probably needed. asx looks like about 2% fall at the moment yuk
    bull

  5. #5960
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    Quote Originally Posted by bull.... View Post
    first down day for a while on us markets , probably needed. asx looks like about 2% fall at the moment yuk
    That's not Yuk that's fantastic, another 2% would be even better.

  6. #5961
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    Quote Originally Posted by couta1 View Post
    That's not Yuk that's fantastic, another 2% would be even better.
    looks like your get it at the moment
    bull

  7. #5962
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    Quote Originally Posted by bull.... View Post
    looks like your get it at the moment
    Expect more volatility (and downside) ahead as Trump tries to divert attention away from his legal and impeachment problems.

    https://www.bbc.com/news/world-us-canada-50650216 Trump impeachment evidence overwhelming - House report

    Nothing quite like the rhetoric of trade wars and China & Iran bashing to keep his 30% voter base of morons motivated and attention away from his problems.

    Meanwhile, expect China to dig in as the country knew a while ago that Trump cannot be trusted and China companies are already countering moves by Trump and the US to derail the country's technological progress and economic growth.

    Good example - https://www.wsj.com/articles/huawei-...ps-11575196201

    Huawei Manages to Make Smartphones Without American Chips. For Chinaís top smartphone maker, U.S. suppliers are increasingly a nice-to-have, not a must-have

    Unfortunately for everyone, it means that China will not be bowing down to Trump's demands anytime soon.

    The trade war will drag on well into 2020.

  8. #5963
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    Balance the prop mkt looks to be turning up here and in Aus.You thought the down cycle had a few years to run, still do?.Whats your latest info on the ground there in Auckland.

  9. #5964
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    Quote Originally Posted by Joshuatree View Post
    Balance the prop mkt looks to be turning up here and in Aus.You thought the down cycle had a few years to run, still do?.Whats your latest info on the ground there in Auckland.
    Canít talk for Auckland but Wellington has had a big finish to the year .

  10. #5965
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    Quote Originally Posted by Joshuatree View Post
    Balance the prop mkt looks to be turning up here and in Aus.You thought the down cycle had a few years to run, still do?.Whats your latest info on the ground there in Auckland.
    Come to Auckland and I will show you some properties being offered at 25% below CV. That tells you about the underlying state of the market.

    I never ever use the median house index as a guide to property prices - it's used by the real estate industry to ramp up interest.

  11. #5966
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    I would ve thought Orr going full feral with capital requirements today would've been quite negative for the market.
    Its a full 18% and its not delayed as long as expected - some were saying 5 years but it is effective in July 2020
    For clarity, nothing I say is advice....

  12. #5967
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    Quote Originally Posted by peat View Post
    I would ve thought Orr going full feral with capital requirements today would've been quite negative for the market. Its a full 18% and its not delayed as long as expected - some were saying 5 years but it is effective in July 2020
    Mmmmm I think you will find the likely 5 yr implementation has been extended to 7. Good move by Mr Orr.

    "The Reserve Bank has watered down the final decisions in its broadest ever review of banks' regulatory capital requirements a little and given banks seven years, instead of the previously proposed five years, to adopt them."

    Read it here.

  13. #5968
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    okay that's good thanks Left Field

    I saw this on their own web page and misunderstood I guess

    "The key decisions, which start to take effect from 1 July 2020, include banks’ total capital increasing from a minimum of 10.5% now, to 18% for the four large banks and 16% for the remaining smaller banks. The average level of capital currently held by banks is 14.1%."
    For clarity, nothing I say is advice....

  14. #5969
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    Orr rips band-aid off

    Bloody banks, how many $billions profit did they siphon out last year.

  15. #5970
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    Quote Originally Posted by Joshuatree View Post
    Orr rips band-aid off

    Bloody banks, how many $billions profit did they siphon out last year.
    And who do you think are going to pay for these higher capital requirements?


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