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MrBurns

MrBurns

Joined
6 September 2008
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Interest rates will fall to 3% perhaps 2% by June next year.
It's just lucky we have the room to move.

Savings income will suffer but perhaps the capital will be safer.

ASX down to early 3000's within 6 months.

Commodity boom bust and financial institutions problems means we have nothing to hold it up.

Property will collapse within 12 months perhaps less, commercial and residential will all go

Recovery ..well cant see that far ahead just yet.

And so I advise............
 
True so far Harvey Norman, Clive Peters, Good Guys in receivership car yards closed down Holden Ford working a few days a week if lucky. The Going Green boom will be starting with Solar panels factories starting up. Houses being redesigned to a more green approach.Thousand of teen back living with Mother and bankrupt. Lambo's turned in to work Ute's.
Houses prices still going down with years to go until the Bottom. President Obama laid to rest. Palin trying to put Moose in her Hair. Plasma TV's buy one get one free.. OZ dollar on the way up at last. Inflation under control Newspaper now $6.50 a copy. One bank in trouble another rumours.
Un employment high for shop office workers. Caravans in people back yards cheap rent to help with home owners income.

Remind me next years how we went.
 
Whens that carbon tax coming into effect? The timing could make it messy
 
Gundini said:
And so you advise what?

The end of the world as we knew it?
Click to expand...

I advise to get out of debt as much debt as you can ASAP if possible.

It's happening before our eyes as I write this, the RBA will lower interest rates again very soon to try to slow things down, thank goodness we have a buffer there but it wont stop the rot.

This is a clean out of all the BS "no interest no repayments til 2020" Harvey Norman type activity and a lot of other similar practices.

So thats all over now, the whole scene will change so prepare yourself for a much simpler life without the hyperdebt mentality.
 
I predict that if this all goes worse case the world will be at war not too long after.

:(
 
kennas said:
I predict that if this all goes worse case the world will be at war not too long after.

:(
Click to expand...

I was waiting for someone to bring that up, I too have the fear that if someone tries to take advantage of the crises ie: Russia or Pakistan it would immediately bring the whole system down.

This is the exact climate for war to break out, let's hope we're wrong.

As bad as things are it can very easily slip into a chasm that you never imagined possible.
 
MrBurns said:
I advise to get out of debt as much debt as you can ASAP if possible..
Click to expand...

Wrong again. There is never a good time to get into debt but once there you have to select the right time to exit. To exit without an exit strategy can prove very expensive. Why sell assets below value just to get out of debt. Do a "Centro" and negotiate your way out at a time to suit you. Dont be a lemming.
 
MrBurns said:
I was waiting for someone to bring that up, I too have the fear that if someone tries to take advantage of the crises ie: Russia or Pakistan it would immediately bring the whole system down.

This is the exact climate for war to break out, let's hope we're wrong.

As bad as things are it can very easily slip into a chasm that you never imagined possible.
Click to expand...
The poverty that a world depression would result in will cause numerous social issues. Central Asia and the Middle East do not need too many more reasons to kick off a big one, causing many to choose a team.
 
nioka said:
Why sell assets below value just to get out of debt.
Click to expand...

I'm assuming that whatever the assets are sold for today they will be worth less in a few months time.

You wouldn't be selling assets below value as you say - the values have changed.

If you were right I'd be plunging everthing into the stock market right now, they're cheap arent they ? NO this is their new lower value.
 
MrBurns said:
I was waiting for someone to bring that up, I too have the fear that if someone tries to take advantage of the crises ie: Russia or Pakistan it would immediately bring the whole system down.

This is the exact climate for war to break out, let's hope we're wrong.

As bad as things are it can very easily slip into a chasm that you never imagined possible.
Click to expand...

I thought WW2 is what took Amercian out of its economy decline/stagnation by being a manufacturing powerhouse? :D
 
kennas said:
I predict that if this all goes worse case the world will be at war not too long after.

:(
Click to expand...

MrBurns said:
I was waiting for someone to bring that up, I too have the fear that if someone tries to take advantage of the crises ie: Russia or Pakistan it would immediately bring the whole system down.

This is the exact climate for war to break out, let's hope we're wrong.

As bad as things are it can very easily slip into a chasm that you never imagined possible.
Click to expand...

Yeah great point and often overlooked amidst all the market hyperbole. Their are currently cracks appearing all over the little EU experiment.
 

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