Australian Politics Forum - We owe $4.8 trillion

gold_medal

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Re: We owe $4.8 trillion
Reply #165 - Jan 4^th, 2013 at 3:24pm

Sir lastnail wrote on Jan 4^th, 2013 at 3:19pm:

gold_medal wrote on Jan 4^th, 2013 at 3:05pm:

Sir lastnail wrote on Jan 4^th, 2013 at 2:59pm:

gold_medal wrote on Jan 4^th, 2013 at 2:45pm:

my actual predictrions were:

no recession for australia - correct
slight recession in USA - wrong (it was severe)
no crash in our house market - correct

2.5 out of 3 while you were predicting depression in USA, deep recession here and 40% drop in house prices. thats 0 out of 3

so you didn't predict the GFC then.

And your prediction of house prices was based on NO government stimulus and intervention in stopping house prices from collapsing which means you would have got that wrong if it wasn't for labor wasting money to prop it up !!

And did you predict the slump in the retail sector because Steve Keen did Wink

look idiot... my prediction was simply NO HOUSING CRASH. Im not the moron saying i would ahve been right if not for blah, blah blah... you got it wrong because you dont understand how all of this works. Predictive modelling is complex and it does mean you have to understand all the factors involed. just because you thought the govt would do nothing and that banks wouldnt protect their valuatiuons doesnt meann that the majority of other people didnt. we did. and we were right and you were wrong. as it usually is.

PS I did predict the GFC. i said we wouldnt go into recession over it. and we didnt. you predicted depression. you are never right. ever. like pansi, you are almost always wrong.

you didn't predict the GFC at all you mental midget. Saying the US was only going into a slight recession means that you were way off the mark !!

And does the so called predictive modeling include medaling in the housing market by the federal government ?

you are slowly getting there, inch by inch. YES IT DOES! Just like any successful predictive modelling design. proper predictive modelling looks for ALL likely scenarios and impacts to build a model. any economist worth their salt (ie not Keen) would have expected the govt and the banks to sand up and support the housing market. to not expect that would have been stupid and in the washup, WAS stupid.

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Sir lastnail

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Re: We owe $4.8 trillion
Reply #166 - Jan 4^th, 2013 at 3:25pm

Ex Dame Pansi wrote on Jan 4^th, 2013 at 3:19pm:

gold_medal wrote on Jan 4^th, 2013 at 2:57pm:

Ex Dame Pansi wrote on Jan 4^th, 2013 at 2:55pm:

gold_medal wrote on Jan 4^th, 2013 at 2:45pm:

my actual predictrions were:

no recession for australia - correct
slight recession in USA - wrong (it was severe)
no crash in our house market - correct

2.5 out of 3 while you were predicting depression in USA, deep recession here and 40% drop in house prices. thats 0 out of 3

It aint over yet, baby......by a looooong shot!

Enter the great recession/depression, it's a comin'

You can't tally the scores until the game's over.

and the game is over when exactly??? and i mean that sincerely. tell me exactly WHEN you consider it appropriate to tally the scores?

We can predict when a recession/depression is on our doorstep, but no one can predict when it will end. If you think that this GFC that we are still very much in will end on a certain day, you shouldn't be talking economics.

Nations will try their own methods along the way, like America, they have had no effect so far, but they'll keep trying with one thing after another, so it could go on for a decade, maybe two, no one knows.

Steve Keen predicted the housing bubble collapse, but he couldn't predict the government intervention, so the game changes according to austerity/stimulus measures. Government intervention caused the bubble to stay inflated somewhat, but rest assured stimulus will run out, then watch the debt.

America is up to QE forever, so the effects of that has to be taken into account.

One thing for sure, the debt is mounting, the can is being kicked a little further each week and the economy does have a breaking point.

Goodbye growth fairy.

Somehow longloser has a piece of his brain missing which can't comprehend the idea of market manipulation and he purposely completely ignores it in any discussion on house prices as though it had absolutely no affect whatsoever when any real estate guru worth his salt will tell you otherwise !!

1.3 trillion over invested in non productive assets and longloser wants to tell us that prices can only go up !!

give me a break will you Sad

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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perceptions_now

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Re: We owe $4.8 trillion
Reply #167 - Jan 4^th, 2013 at 3:25pm

gold_medal wrote on Jan 4^th, 2013 at 3:21pm:

Bobby. wrote on Jan 4^th, 2013 at 3:15pm:

gold_medal wrote on Jan 4^th, 2013 at 3:14pm:

Bobby. wrote on Jan 4^th, 2013 at 3:09pm:

gold_medal wrote on Jan 4^th, 2013 at 3:05pm:

Bobby. wrote on Jan 4^th, 2013 at 3:02pm:

Gold_medal/Longweekend,
Quote:

house prices are rising - not dropping.

false statement.

forgiven for lying.

topic too difficult for you lawnmower man?

Longweekend,
you are a proven liar:

http://www.ozpolitic.com/forum/YaBB.pl?num=1356646946/57#57

and you've shown no remorse & haven't even apologised to the readers.

booby: the gay stalker

Another lie

if it LOOKS like a gay stalker, ACTS like a gay stalker and POSTS like a gay stalker then logic suggest that it probably IS a gay stalker.

time to move on, booby. How about IMFULLOFIT? I believe he is gay.

Well, there you go, something we can agree on.

YOUAREFULLOFIT!

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gold_medal

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Re: We owe $4.8 trillion
Reply #168 - Jan 4^th, 2013 at 3:27pm

Ex Dame Pansi wrote on Jan 4^th, 2013 at 3:19pm:

gold_medal wrote on Jan 4^th, 2013 at 2:57pm:

Ex Dame Pansi wrote on Jan 4^th, 2013 at 2:55pm:

gold_medal wrote on Jan 4^th, 2013 at 2:45pm:

my actual predictrions were:

no recession for australia - correct
slight recession in USA - wrong (it was severe)
no crash in our house market - correct

2.5 out of 3 while you were predicting depression in USA, deep recession here and 40% drop in house prices. thats 0 out of 3

It aint over yet, baby......by a looooong shot!

Enter the great recession/depression, it's a comin'

You can't tally the scores until the game's over.

and the game is over when exactly??? and i mean that sincerely. tell me exactly WHEN you consider it appropriate to tally the scores?

We can predict when a recession/depression is on our doorstep, but no one can predict when it will end. If you think that this GFC that we are still very much in will end on a certain day, you shouldn't be talking economics.

Nations will try their own methods along the way, like America, they have had no effect so far, but they'll keep trying with one thing after another, so it could go on for a decade, maybe two, no one knows.

Steve Keen predicted the housing bubble collapse, but he couldn't predict the government intervention, so the game changes according to austerity/stimulus measures. Government intervention caused the bubble to stay inflated somewhat, but rest assured stimulus will run out, then watch the debt.

America is up to QE forever, so the effects of that has to be taken into account.

One thing for sure, the debt is mounting, the can is being kicked a little further each week and the economy does have a breaking point.

Goodbye growth fairy.

so roughly translated: you have no idea and want to extend the predictive period on ad infinitum until you are proven right or the sun explodes.

it is not dissimilar tyo the notion of entering the same lotto numbers every week. given enough time you will eventually win. that does not make you a lott expert. However, if you say your numbers will win in the next 3 years THAT would be impressive.

Predicting a global massive recession sometime in the next millenia is probably correct. it is hardly the stuff of nostradamus tho, is it?

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Bobby. Gold Member Online Australian Politics Posts: 104680 Melbourne Gender:	Re: We owe $4.8 trillion Reply #169 - Jan 4^th, 2013 at 3:28pm Longweekend is a compulsive liar.
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Sir lastnail

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Re: We owe $4.8 trillion
Reply #170 - Jan 4^th, 2013 at 3:28pm

gold_medal wrote on Jan 4^th, 2013 at 3:24pm:

you are slowly getting there, inch by inch. YES IT DOES! Just like any successful predictive modelling design. proper predictive modelling looks for ALL likely scenarios and impacts to build a model. any economist worth their salt (ie not Keen) would have expected the govt and the banks to sand up and support the housing market. to not expect that would have been stupid and in the washup, WAS stupid.

are you fricken kidding me !! what benefit to first home buyers did tripling the first home buyers grant have other than to force up house prices and keep the bubble inflated longer than it should have been ??

Tell me you don't believe that labors medaling in the housing market was going to be long lasting or indefinite ?

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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gold_medal

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Re: We owe $4.8 trillion
Reply #171 - Jan 4^th, 2013 at 3:28pm

perceptions_now wrote on Jan 4^th, 2013 at 3:25pm:

gold_medal wrote on Jan 4^th, 2013 at 3:21pm:

Bobby. wrote on Jan 4^th, 2013 at 3:15pm:

gold_medal wrote on Jan 4^th, 2013 at 3:14pm:

Bobby. wrote on Jan 4^th, 2013 at 3:09pm:

gold_medal wrote on Jan 4^th, 2013 at 3:05pm:

Bobby. wrote on Jan 4^th, 2013 at 3:02pm:

Gold_medal/Longweekend,
Quote:

house prices are rising - not dropping.

false statement.

forgiven for lying.

topic too difficult for you lawnmower man?

Longweekend,
you are a proven liar:

http://www.ozpolitic.com/forum/YaBB.pl?num=1356646946/57#57

and you've shown no remorse & haven't even apologised to the readers.

booby: the gay stalker

Another lie

if it LOOKS like a gay stalker, ACTS like a gay stalker and POSTS like a gay stalker then logic suggest that it probably IS a gay stalker.

time to move on, booby. How about IMFULLOFIT? I believe he is gay.

Well, there you go, something we can agree on.

YOUAREFULLOFIT!

hey prozac_now... you finally said something funny. perhaps your depression IS lifitng after all. Perhaps by the news that USA expects to be oil independent in the next 10 years and ultimately an EXPORTER.

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gold_medal

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Re: We owe $4.8 trillion
Reply #172 - Jan 4^th, 2013 at 3:31pm

Sir lastnail wrote on Jan 4^th, 2013 at 3:28pm:

gold_medal wrote on Jan 4^th, 2013 at 3:24pm:

you are slowly getting there, inch by inch. YES IT DOES! Just like any successful predictive modelling design. proper predictive modelling looks for ALL likely scenarios and impacts to build a model. any economist worth their salt (ie not Keen) would have expected the govt and the banks to sand up and support the housing market. to not expect that would have been stupid and in the washup, WAS stupid.

are you fricken kidding me !! what benefit to first home buyers did tripling the first home buyers grant have other than to force up house prices and keep the bubble inflated longer than it should have been ??

Tell me you don't believe that labors medaling in the housing market was going to be long lasting or indefinite ?

it is time for you to simply accept that your doom and gloom prediction was way off. you were wrong. move on. nobody is going to believe your pathetic excuses.

oh and just a clue: there are more players in the home market than first home buyers. ever heard of SECOND home buyers? or an even bigger group - those not selling or buying at all?

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gold_medal Gold Member Offline Australian Politics Posts: 3897 Gender:	Re: We owe $4.8 trillion Reply #173 - Jan 4^th, 2013 at 3:31pm Bobby. wrote on Jan 4^th, 2013 at 3:28pm: Longweekend is a compulsive liar. and you are gay, uneducated and living in your mums spare room.. move on.
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Sir lastnail

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Re: We owe $4.8 trillion
Reply #174 - Jan 4^th, 2013 at 3:33pm

Bobby. wrote on Jan 4^th, 2013 at 3:28pm:

Longweekend is a compulsive liar.

longloser defends ripoff house prices in australia because he has been giving so many people bad financial advice to buy at the top of the market when prices had peaked and now he is in denial that these people including his own family members have taken his advice and are now going to lose their arse !!

He could always blame labor of course because they were the main culprit in medaling in the housing market Wink

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby. Gold Member Online Australian Politics Posts: 104680 Melbourne Gender:	Re: We owe $4.8 trillion Reply #175 - Jan 4^th, 2013 at 3:37pm gold_medal wrote on Jan 4^th, 2013 at 3:31pm: Bobby. wrote on Jan 4^th, 2013 at 3:28pm: Longweekend is a compulsive liar. and you are gay, uneducated and living in your mums spare room.. move on. All lies. Longweekend - you need help - you live in a fantasy world of lies. forgiven namaste
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Sir lastnail

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Re: We owe $4.8 trillion
Reply #176 - Jan 4^th, 2013 at 3:38pm

gold_medal wrote on Jan 4^th, 2013 at 3:31pm:

Sir lastnail wrote on Jan 4^th, 2013 at 3:28pm:

gold_medal wrote on Jan 4^th, 2013 at 3:24pm:

you are slowly getting there, inch by inch. YES IT DOES! Just like any successful predictive modelling design. proper predictive modelling looks for ALL likely scenarios and impacts to build a model. any economist worth their salt (ie not Keen) would have expected the govt and the banks to sand up and support the housing market. to not expect that would have been stupid and in the washup, WAS stupid.

are you fricken kidding me !! what benefit to first home buyers did tripling the first home buyers grant have other than to force up house prices and keep the bubble inflated longer than it should have been ??

Tell me you don't believe that labors medaling in the housing market was going to be long lasting or indefinite ?

it is time for you to simply accept that your doom and gloom prediction was way off. you were wrong. move on. nobody is going to believe your pathetic excuses.

oh and just a clue: there are more players in the home market than first home buyers. ever heard of SECOND home buyers? or an even bigger group - those not selling or buying at all?

oh really. First it will be non essential goods and the collapse of the retail sector followed by mass mortgage defaults as credit dries up and people lose their jobs Wink

You'd better fortify your house mate because there are plenty who won't be happy with the crap financial advice you gave them Sad

All of those churchy people will turn against you and you won't be very popular anymore. You'll have to look over your shoulders all of the time and look in the rear view mirrors to see that no-one is following you Cheesy

Your name is mud mister Grin

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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gold_medal

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Re: We owe $4.8 trillion
Reply #177 - Jan 4^th, 2013 at 3:38pm

Sir lastnail wrote on Jan 4^th, 2013 at 3:33pm:

Bobby. wrote on Jan 4^th, 2013 at 3:28pm:

Longweekend is a compulsive liar.

longloser defends ripoff house prices in australia because he has been giving so many people bad financial advice to buy at the top of the market when prices had peaked and now he is in denial that these people including his own family members have taken his advice and are now going to lose their arse !!

He could always blame labor of course because they were the main culprit in medaling in the housing market Wink

so once defeated in the substance of a debate you resort once more to ad hominen attacks. you are predictable beyond belief.

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gold_medal

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Re: We owe $4.8 trillion
Reply #178 - Jan 4^th, 2013 at 3:40pm

Sir lastnail wrote on Jan 4^th, 2013 at 3:38pm:

gold_medal wrote on Jan 4^th, 2013 at 3:31pm:

Sir lastnail wrote on Jan 4^th, 2013 at 3:28pm:

gold_medal wrote on Jan 4^th, 2013 at 3:24pm:

you are slowly getting there, inch by inch. YES IT DOES! Just like any successful predictive modelling design. proper predictive modelling looks for ALL likely scenarios and impacts to build a model. any economist worth their salt (ie not Keen) would have expected the govt and the banks to sand up and support the housing market. to not expect that would have been stupid and in the washup, WAS stupid.

are you fricken kidding me !! what benefit to first home buyers did tripling the first home buyers grant have other than to force up house prices and keep the bubble inflated longer than it should have been ??

Tell me you don't believe that labors medaling in the housing market was going to be long lasting or indefinite ?

it is time for you to simply accept that your doom and gloom prediction was way off. you were wrong. move on. nobody is going to believe your pathetic excuses.

oh and just a clue: there are more players in the home market than first home buyers. ever heard of SECOND home buyers? or an even bigger group - those not selling or buying at all?

oh really. First it will be non essential goods and the collapse of the retail sector followed by mass mortgage defaults as credit dries up and people lose their jobs Wink

You'd better fortify your house mate because there are plenty who won't be happy with the crap financial advice you gave them Sad

All of those churchy people will turn against you and you won't be very popular anymore. You'll have to look over your shoulders all of the time and look in the rear view mirrors to see that no-one is following you Cheesy

Your name is mud mister Grin

wow that was a weak retort. even by your truly pathetic standards of primary school insults, this sounds like a kindergarten one. someone needs to change your nappy, cranky-pants.

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cods

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Re: We owe $4.8 trillion
Reply #179 - Jan 4^th, 2013 at 3:40pm

Sir lastnail wrote on Jan 4^th, 2013 at 3:28pm:

gold_medal wrote on Jan 4^th, 2013 at 3:24pm:

you are slowly getting there, inch by inch. YES IT DOES! Just like any successful predictive modelling design. proper predictive modelling looks for ALL likely scenarios and impacts to build a model. any economist worth their salt (ie not Keen) would have expected the govt and the banks to sand up and support the housing market. to not expect that would have been stupid and in the washup, WAS stupid.

are you fricken kidding me !! what benefit to first home buyers did tripling the first home buyers grant have other than to force up house prices and keep the bubble inflated longer than it should have been ??

Tell me you don't believe that labors medaling in the housing market was going to be long lasting or indefinite ?

tripling FHB was for brand new homes only....so it would have protected the building industry..... for a while..and therefore employment levels would have benefited as well..

of course all that bricks and mortar would have played hell with our carbon footprint..but we can turn a blind eye to that for now..

the FHB bonus was all about keeping building contractors in business.. house prices have gone up and down ever since I was a girl..

I remember friends having land in Wollongong that they couldnt sell.. couldnt give away then...

now! well the same size block would have half a dozen homes on it instead of the original 1..

I am sure yacht have the same problem... Cheesy

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