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- 10 July 2004
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A depression in 1939 won't nessessarily be the same as a depression in 2009 or 10 but a new class of people ( those that had it and now don't ) will have next to nothing and this will cause social unrest.
Confidence is so low, I'm almost tempted to turn religous...
Britain tightens immigration rules
Posted 54 minutes ago
The British Government says it is tightening immigration controls in the face of rising unemployment and tough economic conditions.
Home Secretary Jacqui Smith says that, from April, non-EU workers entering Britain without a job must have a masters degree, instead of the current bachelors degree, and a previous salary of at least $44,000.
The Home Office estimates the move will mean 12,000 fewer immigrants each year.
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............
hello,
top effort cheech,
thankyou
robots
Thanks robbi, hope the latte's were good today.
From Oct last year, not bad if i say so myself.
Good Call Mr Burns. Right on all counts.... but we're still waiting for that last frontier to fall... the property market that is!
People are OK with falling stocks and rising unemployment, but the real headlines will hit when property prices drop 10%+. It might just not happen though. The middle ground of property might hold as low interest rates see's new entrants into the market and the high end dropping means people will be downsizing into more affordable homes. I think many houses in run of the mill suburbs will be stuck in that 300-600k price band for the next decade (as baby boomers sell up and move off into little townhouses by the coast somewhere).
It will still happen, there's no way whats happening around the globe won't effect property here, it's already started of course but seems minute compared to the share crash.
You just have to look at the unemployment figures emerging to know there is a lot worse to come.
The FHB grant and low interest rates have kept it afloat for the time being.
On the surface it seems like a good time to buy but it's all manipulated and the market is distorted by current events. low interest rates, temporary, and the FHBG also temporarily Doubled.
I predict fantastic buying opportunities around the corner. The end is near....
Sorry should have clarified, the end of the bear is near. We need one last big drop
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............
From Oct last year, not bad if i say so myself.
Hey yep thats pretty good
However what do you see from here on in? e.g. what will be the absolute low of the AORDS and Dow Jones and when etc?
Thanks
MS
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