Property crash on horizon
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What's that Marc Faber joke? He has predicted seven of the last four recessions. The same goes for predicting property or stock or commodity crashes.
We are in a unique time - all governments are running fiat currencies - almost no government can afford to be held accountable for all its' debts and commitments, like a business would, so for the forseeable future it is quite likely that interest rates will stay incredibly low. It is that, or major governmental defaults on obligations.
So to make predictions of what will happen is not really possible as - frankly - nothing like this has ever happened before? Sure we have had isolated countries print money(Germany 1930s, Zimbabwe etc) but not the US, Japan, and Europe. And China does too both through printing excess Yuan to keep it's USD exchange rate low, and consequently driving up its' own money supply, but also in its on book and off book lending.
So we are living in interesting times - but hey, I have no way of predicting the future either. So I am just going to buy things the day before they crash, like any good pilot would!
Anyone got an Alpaca farm or Vineyard for sale???
We are in a unique time - all governments are running fiat currencies - almost no government can afford to be held accountable for all its' debts and commitments, like a business would, so for the forseeable future it is quite likely that interest rates will stay incredibly low. It is that, or major governmental defaults on obligations.
So to make predictions of what will happen is not really possible as - frankly - nothing like this has ever happened before? Sure we have had isolated countries print money(Germany 1930s, Zimbabwe etc) but not the US, Japan, and Europe. And China does too both through printing excess Yuan to keep it's USD exchange rate low, and consequently driving up its' own money supply, but also in its on book and off book lending.
So we are living in interesting times - but hey, I have no way of predicting the future either. So I am just going to buy things the day before they crash, like any good pilot would!
Anyone got an Alpaca farm or Vineyard for sale???
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Pisses me off when these central bank dickheads say they're trying to kick start inflation, have they tried paying for anything recently other than tipping waiters at Davos! Inflation in everything bar oil is very real. Truth is they're trying to inflate away bad gambles from the run up to 2008.
Great articles below Numero:
http://www.zerohedge.com/news/2015-0...fortably-close
http://www.zerohedge.com/news/2015-0...september-2008
Great articles below Numero:
http://www.zerohedge.com/news/2015-0...fortably-close
http://www.zerohedge.com/news/2015-0...september-2008
Last edited by Threethirty; 23rd Jan 2015 at 15:13.
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It's great to see so many Austrians here!
http://en.wikipedia.org/wiki/Austrian_School
BTW, NC, you are no doubt right about the Marc Faber joke, but at least he got some right; how many recessions have the perma-bulls forecast??
http://en.wikipedia.org/wiki/Austrian_School
BTW, NC, you are no doubt right about the Marc Faber joke, but at least he got some right; how many recessions have the perma-bulls forecast??
Last edited by OK4Wire; 24th Jan 2015 at 03:29. Reason: Add the wiki link
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Mark Fabre is a joke! If you listen to him you wouldn't even leave your house as the sky will fall on you.
He might have got luck with calling a few recessions but how many bull markets has he missed?
He might have got luck with calling a few recessions but how many bull markets has he missed?
