Rich Dad's Prophecy - Market Crash of 2016

[get better]

The very first book I read about investing was from Rich Dad, Poor Dad. The one concept I learnt from it was the four quadrants - it made a lot of intuitive sense to me.

Then I read one of his other books. It was pretty much identical to the first book I read. Same with the third book.

Then I realised this guy was a one trick pony. His four quadrants definitely work - but his real wealth comes from his book selling business (but his real estate investments are nothing to sneeze about).

But like with all commentators out there, I'd be careful about trusting anything anyone says. Even the smartest people in the world can't predict when a crash is going to be. And like Muschu said, they would just come up with an explanation on why they were wrong or re-forecast the crash date without a hiccup. That's where they earn the real $$$.

 

[Uncle Festivus]

Yes, he probably is a one trick pony, but his 'trick' looks to be one of many things lining up in 2016 which could cause major imbalances ie Japan starts to run out of internal savings, which has largely funded many stock markets and carry trades for many years now?

This bull is now running on central banker fumes and nothing else.......

 

[ggkfc]

Yes, he probably is a one trick pony, but his 'trick' looks to be one of many things lining up in 2016 which could cause major imbalances ie Japan starts to run out of internal savings, which has largely funded many stock markets and carry trades for many years now?

This bull is now running on central banker fumes and nothing else.......

the most important trick is figuring when the music stops.. and finding a chair

 

[explod]

Y'all wait until Germany's largest bank folds up, it's got to be weighing on the Dax....

Yep, right about now and as you intimate the dominies will start to fall.

News today on Zero Hedge discusses Deutscher Banks $75 trillion in derivatives 20 times bigger than Germanies GDP and five times greater than the entire output of the Eurozone. And its just worthless (not even paper) air? Space? nought. :1zhelp:

So stand back for a bit of a thud in my view.

 

[Wysiwyg]

Yep, right about now and as you intimate the dominies will start to fall.

News today on Zero Hedge discusses Deutscher Banks $75 trillion in derivatives 20 times bigger than Germanies GDP and five times greater than the entire output of the Eurozone. And its just worthless (not even paper) air? Space? nought. :1zhelp:

So stand back for a bit of a thud in my view.

I would be scared if anyone else posted that "old" news.

'Rock solid'

There are two people standing in the way of Deutsche Bank and panic. The first is the current chief executive John Cryan. He is no swashbuckling Fred Goodwin (RBS) or Bob Diamond (Barclays) of pre-crisis notoriety. He is a very conservative, feet on the ground pragmatist. He's already managed to reduce the debt of the bank and has plans to do more.

The other is even more important. German Finance Minister Wolfgang Schaeuble. He has said this year that he considers Deutsche Bank "rock solid".

That is not only reassuring in itself, but indicates there is no way on earth that a rich German government would let the most important bank in Germany - and by extension Europe - come to any harm.

 

[sptrawler]

Yep, right about now and as you intimate the dominies will start to fall.

News today on Zero Hedge discusses Deutscher Banks $75 trillion in derivatives 20 times bigger than Germanies GDP and five times greater than the entire output of the Eurozone. And its just worthless (not even paper) air? Space? nought. :1zhelp:

So stand back for a bit of a thud in my view.

Add to that our banks are on negative outlook.

http://www.smh.com.au/business/bank...-outlook-cut-to-negative-20160707-gq0toh.html

Add to that Labor and Hanson,want a royal commission into banks, have things ever looked worse.OMG

It sounds worse than climate change, which is a welcome relief, IMO, because it is bloody freezing here in Perth.

Actually getting back to the banks, it would be laugh, if they found credit card charges are too high.
Therefore banks have to pass on the costs to homeloans, because they have to meet there basil obligations and the money has to come from somewhere.lol

Well make them cut their dividend everyone says, so they do , their price drops their credit rating drops further.
The mum and Dad investors are now on pensions because their assett base and income has dropped.
Geez everything is sweet.
No matter how you look at it, be it BHP or CBA or TLS they all have massive reprocusions.