Australian Politics Forum - Stock Market Crash

Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Stock Market Crash Aug 27^th, 2022 at 7:30am Started on January 4th on the S&P500 and had a dead cat and... Last night started the next and biggest leg down The Crash is on - its a good buy market - goodbye house, goodbye car, goodbye job.
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Jasin Gold Member Online Posts: 56887 Gender:	Re: Stock Market Crash Reply #1 - Aug 27^th, 2022 at 7:43am About time. 100 years ago - Great Pandemic/Great Depression/WW1 Now - Great Pandemic/Great Inflation/WW3
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Bobby. Gold Member Offline Australian Politics Posts: 120840 Melbourne Gender:	Re: Stock Market Crash Reply #2 - Aug 27^th, 2022 at 8:13am Wall street crashed overnight: Markets DOW 32,283.40 -1008.38 -3.03% S&P 500 4,057.66 -141.46 -3.37% NASDAQ 12,141.71 -497.56 -3.94% https://edition.cnn.com/business
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #3 - Aug 27^th, 2022 at 8:46am Boris are you going to start one of these threads every few days in the hope that one day you will be right?
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Bobby.

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Re: Stock Market Crash
Reply #4 - Aug 27^th, 2022 at 9:07am

https://edition.cnn.com/business/live-news/stock-market-today-jackson-hole#h_c43...

2 hr 49 min ago

Dow plunges more than 1,000 points following Fed comments

US stocks plummeted on Friday following a warning from Federal Reserve Chair Jerome Powell that the central bank will not end its fight against rapid inflation anytime soon.

Powell’s comments weighed on investors, who grappled with what more aggressive interest rate hikes might mean for the health of the economy.

The Dow closed down 1008 points, or 3%.
The S&P 500 fell by 3.4%.
The Nasdaq Composite closed 3.9% lower.

For the week, the Dow fell by 4.2%. The S&P 500 and Nasdaq Composite were down 4% and 4.4%, respectively.

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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #5 - Aug 27^th, 2022 at 9:16am Just the beginning I have been expecting this The markets will lose 90% from peak That's what Bubbles do
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Sir lastnail Gold Member Offline Australian Politics Posts: 30923 Gender:	Re: Stock Market Crash Reply #6 - Aug 27^th, 2022 at 9:21am freediver wrote on Aug 27^th, 2022 at 8:46am: Boris are you going to start one of these threads every few days in the hope that one day you will be right? he is right !
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #7 - Aug 27^th, 2022 at 9:26am Sir lastnail wrote on Aug 27^th, 2022 at 9:21am: freediver wrote on Aug 27^th, 2022 at 8:46am: Boris are you going to start one of these threads every few days in the hope that one day you will be right? he is right ! So is a stopped clock. Twice a day. That's more often than Boris.
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Bobby. Gold Member Offline Australian Politics Posts: 120840 Melbourne Gender:	Re: Stock Market Crash Reply #8 - Aug 27^th, 2022 at 9:26am Boris wrote on Aug 27^th, 2022 at 9:16am: Just the beginning I have been expecting this The markets will lose 90% from peak That's what Bubbles do Many people have their Superannuation gambled on the stock market. They should expect large losses. Some would have been better off in a casino.
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Sir lastnail

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Re: Stock Market Crash
Reply #9 - Aug 27^th, 2022 at 9:29am

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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freediver

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Re: Stock Market Crash
Reply #10 - Aug 27^th, 2022 at 9:33am

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Bobby.

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Re: Stock Market Crash
Reply #11 - Aug 27^th, 2022 at 9:34am

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

Hi sir Nail,

sell, no buy, no SELL. Shocked

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Sir lastnail

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Re: Stock Market Crash
Reply #12 - Aug 27^th, 2022 at 9:44am

freediver wrote on Aug 27^th, 2022 at 9:33am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

You don't have to convince me mate. I and many others went through the dot com crash back in 2000's. At first everyone is in denial but the smart players have already got out months or years ago whilst you hang onto hope and think that you can out think the markets. When the posty comes into your shop and starts giving you stock tips then you better to run for your life and get out Wink

Been there and done that Sad

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« Last Edit: Aug 27^th, 2022 at 9:58am by Sir lastnail »

"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #13 - Aug 27^th, 2022 at 9:55am Keep watching
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freediver

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Re: Stock Market Crash
Reply #14 - Aug 27^th, 2022 at 10:17am

Sir lastnail wrote on Aug 27^th, 2022 at 9:44am:

freediver wrote on Aug 27^th, 2022 at 9:33am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

You don't have to convince me mate. I and many others went through the dot com crash back in 2000's. At first everyone is in denial but the smart players have already got out months or years ago whilst you hang onto hope and think that you can out think the markets. When the posty comes into your shop and starts giving you stock tips then you better to run for your life and get out Wink

Been there and done that Sad

So we should take you seriously because you got it wrong 20 years ago?

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #15 - Aug 27^th, 2022 at 11:54am Wall Street Futures are down heavily The NASDAQ is down almost 5% https://edition.cnn.com/business/markets/premarkets
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Sophia

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Re: Stock Market Crash
Reply #16 - Aug 27^th, 2022 at 12:00pm

Sir lastnail wrote on Aug 27^th, 2022 at 9:44am:

freediver wrote on Aug 27^th, 2022 at 9:33am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

You don't have to convince me mate. I and many others went through the dot com crash back in 2000's. At first everyone is in denial but the smart players have already got out months or years ago whilst you hang onto hope and think that you can out think the markets. When the posty comes into your shop and starts giving you stock tips then you better to run for your life and get out Wink

Been there and done that Sad

Sorry to hear that sir nail.
We all could tell either boom or bust stories with either stock market or real estate.
20 years ago gold was about $350 an ounce on the market… now it’s over $1700 and I had seen info from a keen investor say to go with gold. Also with blue chip.
But I never did.
I wasn’t certain about all those figures of $$$ on just the paper it’s written on.
I decided real estate… now some was very good and some very disappointing. But overall we were ahead so no big losses.
There are some regrets and there are some successes.

You shouldn’t let the scare of a loss stop you from going in for another try…
Like I said… I’ve got some stories I could tell since the 90s recession-we-had-to-have era.

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Sir lastnail

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Re: Stock Market Crash
Reply #17 - Aug 27^th, 2022 at 12:43pm

freediver wrote on Aug 27^th, 2022 at 10:17am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:44am:

freediver wrote on Aug 27^th, 2022 at 9:33am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

You don't have to convince me mate. I and many others went through the dot com crash back in 2000's. At first everyone is in denial but the smart players have already got out months or years ago whilst you hang onto hope and think that you can out think the markets. When the posty comes into your shop and starts giving you stock tips then you better to run for your life and get out Wink

Been there and done that Sad

So we should take you seriously because you got it wrong 20 years ago?

No not at all. History repeats itself time and time again in the markets. It's all about mass crowd psychology. People are like sheep and usually follow the herd. They like to latch onto gurus or some kind of authority but you know what they say about free financial advice is worth exactly what you pay for it. And even the payed stuff is never guaranteed either. At the end of the day it's your call but the warning signs have been there for a long time. Wink

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #18 - Aug 27^th, 2022 at 12:47pm bubbles burst
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freediver

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Re: Stock Market Crash
Reply #19 - Aug 27^th, 2022 at 12:51pm

Sir lastnail wrote on Aug 27^th, 2022 at 12:43pm:

freediver wrote on Aug 27^th, 2022 at 10:17am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:44am:

freediver wrote on Aug 27^th, 2022 at 9:33am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:29am:

freediver wrote on Aug 27^th, 2022 at 9:26am:

Sir lastnail wrote on Aug 27^th, 2022 at 9:21am:

freediver wrote on Aug 27^th, 2022 at 8:46am:

Boris are you going to start one of these threads every few days in the hope that one day you will be right?

he is right !

So is a stopped clock. Twice a day. That's more often than Boris.

You going to bet your life savings on a stopped clock only being right twice a day. Good luck with that Cheesy

LOL

How often do you think a stopped clock has the right time?

You don't have to convince me mate. I and many others went through the dot com crash back in 2000's. At first everyone is in denial but the smart players have already got out months or years ago whilst you hang onto hope and think that you can out think the markets. When the posty comes into your shop and starts giving you stock tips then you better to run for your life and get out Wink

Been there and done that Sad

So we should take you seriously because you got it wrong 20 years ago?

No not at all. History repeats itself time and time again in the markets. It's all about mass crowd psychology. People are like sheep and usually follow the herd. They like to latch onto gurus or some kind of authority but you know what they say about free financial advice is worth exactly what you pay for it. And even the payed stuff is never guaranteed either. At the end of the day it's your call but the warning signs have been there for a long time. Wink

Are you predicting a stock market crash some time in the next decade, or next week?

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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lee Gold Member Offline Australian Politics Posts: 21166 Gender:	Re: Stock Market Crash Reply #20 - Aug 27^th, 2022 at 12:56pm I see the ASX has gone up 4% over the course of the month. It is down for 2022.
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Bias_2012

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Re: Stock Market Crash
Reply #21 - Aug 27^th, 2022 at 1:26pm

freediver wrote on Aug 27^th, 2022 at 12:51pm:

Are you predicting a stock market crash some time in the next decade, or next week?
Posted by: Boris Mark & Quote

We've been in a gradual crash since 2009, the fundamentals have never been strong since then, but the wealthy have got wealthier, so it's the 90% that are suffering, and will suffer for a long time yet

There's one thing I've never seen before, and that's empty shelves in supermarkets, it's a wake-up call, Covid has been mishandled and we are paying for it now

Toll fees are going up, so are Council rates, fuel costs are rising, flood insurance premiums have risen about 300%, power costs have risen 50%, food prices have risen. Even business in $2 reject shops has slackened off

Wages have gone up ... errr, how much? ... you won't see them go up much in the foreseeable future either ... but debt is high and must be paid off

Expect more gradual crashing

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Our Lives Are Governed By The Feast & Famine Variable

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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #22 - Aug 27^th, 2022 at 2:01pm Quote: We've been in a gradual crash since 2009, the fundamentals have never been strong since then What fundamentals? The ASX 200 is now more than double what it was in 2009.
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Jasin Gold Member Online Posts: 56887 Gender:	Re: Stock Market Crash Reply #23 - Aug 27^th, 2022 at 2:26pm I hope it all comes crashing down.
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lee Gold Member Offline Australian Politics Posts: 21166 Gender:	Re: Stock Market Crash Reply #24 - Aug 27^th, 2022 at 2:40pm Jasin wrote on Aug 27^th, 2022 at 2:26pm: I hope it all comes crashing down. So you don't have any super at all in shares? That's sad looking at interest rates,
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Jasin Gold Member Online Posts: 56887 Gender:	Re: Stock Market Crash Reply #25 - Aug 27^th, 2022 at 2:41pm I had a great time during Lockdown too.
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Bias_2012

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Re: Stock Market Crash
Reply #26 - Aug 27^th, 2022 at 2:47pm

freediver wrote on Aug 27^th, 2022 at 2:01pm:

Quote:

We've been in a gradual crash since 2009, the fundamentals have never been strong since then

What fundamentals?

The ASX 200 is now more than double what it was in 2009.

Our Dollar is 67c, housing is in short supply, income is low, national debt is high, productivity is not as high as it should be, and services are becoming very expensive

The ASX and the All Ordinaries will drop in the next week, following the trend of the Dow, bringing them back down to about 2019 level

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Our Lives Are Governed By The Feast & Famine Variable

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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #27 - Aug 27^th, 2022 at 2:50pm In 2019 it was nearly as high as it is right now. What does the exchange rate tell you?
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Bias_2012

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Re: Stock Market Crash
Reply #28 - Aug 27^th, 2022 at 3:13pm

freediver wrote on Aug 27^th, 2022 at 2:50pm:

In 2019 it was nearly as high as it is right now.

What does the exchange rate tell you?

The exchange rate tells me we must keep buying cheap inferior imported goods that break down and fall apart, so that we can keep consumerism going, the economy is all about consuming cheap Chinese products

Our exports are cheaper for other nations, but what exports do we have? - not nearly enough

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Our Lives Are Governed By The Feast & Famine Variable

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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #29 - Aug 28^th, 2022 at 8:50am How does it tell you that? Is it like reading tea leaves?
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Jasin Gold Member Online Posts: 56887 Gender:	Re: Stock Market Crash Reply #30 - Aug 28^th, 2022 at 9:07am Perceptions_Now PM'd me to ask why this Topic is not in Economics Board (moved)?
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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #31 - Aug 29^th, 2022 at 7:12am Its not economic - its happening now and it is a global disaster This is the biggest crash in world history and will start the worst world war in history What today
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #32 - Aug 29^th, 2022 at 8:10am Have you got your tinfoil hat ready?
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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #33 - Aug 29^th, 2022 at 8:13am We have just had the biggest bubble in history - the Everything Bubble We have the greatest Debt Bubble in history Now - right now starting January 4th we have the greatest Stock Market and Housing Market Crash in all history Now too we have the worst Depression in history Soon we will have the worst Global War in all History
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #34 - Aug 29^th, 2022 at 8:15am Perhaps a 20L bucket of coolaid.
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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #35 - Aug 29^th, 2022 at 8:17am Just watch and enjoy
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Marla Gold Member Offline A joint a day keeps the MAGA away Posts: 14994 Colorado Gender:	Re: Stock Market Crash Reply #36 - Aug 29^th, 2022 at 8:37am Boris wrote on Aug 27^th, 2022 at 9:55am: Keep watching
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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #37 - Aug 29^th, 2022 at 8:43am Goldman Sachs is About to Sell $147 BILLION in Global Equities
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #38 - Aug 29^th, 2022 at 9:17am Boris wrote on Aug 29^th, 2022 at 8:43am: Goldman Sachs is About to Sell $147 BILLION in Global Equities According to a random youtuber.
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #39 - Aug 29^th, 2022 at 10:26am Boris wrote on Aug 29^th, 2022 at 8:17am: Just watch and enjoy The ASX 200 opened within 2% of it's Friday close, and is still above it's midweek lows from last week. Would you say it is time to crack each other's heads open and feast on the goo inside?
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Bias_2012

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Re: Stock Market Crash
Reply #40 - Aug 29^th, 2022 at 12:02pm

Bias_2012 wrote on Aug 27^th, 2022 at 2:47pm:

freediver wrote on Aug 27^th, 2022 at 2:01pm:

Quote:

We've been in a gradual crash since 2009, the fundamentals have never been strong since then

What fundamentals?

The ASX 200 is now more than double what it was in 2009.

Our Dollar is 67c, housing is in short supply, income is low, national debt is high, productivity is not as high as it should be, and services are becoming very expensive

The ASX and the All Ordinaries will drop in the next week, following the trend of the Dow, bringing them back down to about 2019 level

The All Ordinaries is down 150 points already

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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #41 - Aug 31^st, 2022 at 6:48am The market went up again yesterday. When is this crash going to happen Boris? Is it like a biblical prediction? The end is always nigh, but never near?
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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Stock Market Crash Reply #42 - Aug 31^st, 2022 at 8:07am Its happening as we speak The S&P500 52-wk high 4,818.62 now at close 3,986.16 Yesterday was just a Dead Cat
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #43 - Aug 31^st, 2022 at 5:31pm It is well above the 52 week low. So, what is your point? Is it a stock market crash if it reaches a 30 day low? Do you ever stop the chicken little routine?
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Captain Nemo Gold Member Offline Australian Politics Posts: 15962 Melbourne Gender:	Re: Stock Market Crash Reply #44 - Sep 7^th, 2022 at 10:06am It's quite a dilemma. Need to be cashed up to buy shares during the crash but to store up cash now you would need to sell off shares now and / or pull money out of Super, meaning a loss of gains until the crash. If only we knew exactly when the crash will hit.
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Bias_2012

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Re: Stock Market Crash
Reply #45 - Sep 7^th, 2022 at 5:22pm

Captain Nemo wrote on Sep 7^th, 2022 at 10:06am:

It's quite a dilemma.

Need to be cashed up to buy shares during the crash but to store up cash now you would need to sell off shares now and / or pull money out of Super, meaning a loss of gains until the crash. Sad

If only we knew exactly when the crash will hit. Undecided

My prediction that the All Ordinaries would drop to 2019 levels has come true (There you go freediver) ... 6,959.30 today, closely compared to 6,948.00 25 Nov 2019

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Re: Stock Market Crash
Reply #46 - Sep 7^th, 2022 at 5:42pm

Bias_2012 wrote on Sep 7^th, 2022 at 5:22pm:

Captain Nemo wrote on Sep 7^th, 2022 at 10:06am:

It's quite a dilemma.

Need to be cashed up to buy shares during the crash but to store up cash now you would need to sell off shares now and / or pull money out of Super, meaning a loss of gains until the crash. Sad

If only we knew exactly when the crash will hit. Undecided

My prediction that the All Ordinaries would drop to 2019 levels has come true (There you go freediver) ... 6,959.30 today, closely compared to 6,948.00 25 Nov 2019

According to the google results, in 2019 the ASX200 ranged from 5619 to 6846.

So yeah, that's like predicting it will rain in the next month. You might be right, but not as often as a stopped clock.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Bias_2012

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Re: Stock Market Crash
Reply #47 - Sep 7^th, 2022 at 7:38pm

freediver wrote on Sep 7^th, 2022 at 5:42pm:

Bias_2012 wrote on Sep 7^th, 2022 at 5:22pm:

Captain Nemo wrote on Sep 7^th, 2022 at 10:06am:

It's quite a dilemma.

Need to be cashed up to buy shares during the crash but to store up cash now you would need to sell off shares now and / or pull money out of Super, meaning a loss of gains until the crash. Sad

If only we knew exactly when the crash will hit. Undecided

My prediction that the All Ordinaries would drop to 2019 levels has come true (There you go freediver) ... 6,959.30 today, closely compared to 6,948.00 25 Nov 2019

According to the google results, in 2019 the ASX200 ranged from 5619 to 6846.

So yeah, that's like predicting it will rain in the next month. You might be right, but not as often as a stopped clock.

There's not a lot of confidence around FD, you'll be lucky if the All Ords doesn't drop to 2018 levels in the coming weeks. Only over-priced stocks and false optimistic government promises will keep it out of the danger zone, for a while

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Our Lives Are Governed By The Feast & Famine Variable

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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #48 - Sep 7^th, 2022 at 8:48pm Are you making a prediction?
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Bias_2012 Gold Member Offline Australian Politics Posts: 10766 Gender:	Re: Stock Market Crash Reply #49 - Sep 7^th, 2022 at 9:36pm freediver wrote on Sep 7^th, 2022 at 8:48pm: Are you making a prediction? It's your turn to make a prediction, let's see what you can come up with
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #50 - Sep 8^th, 2022 at 7:55am I'm not the one pulling the Nostradamus routine. But here goes: The market will either go down or up.
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John_Taverner

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Re: Stock Market Crash
Reply #51 - Sep 8^th, 2022 at 9:02am

The Australian market is a little bit more shielded than the US Market or the UK Market, but it's useful to look at the Dow and the NASDAQ because of the sheer size of the market. Apart from that, the AUD will fall because of the global uncertainty. It always does. So some of our exports will become more competitive. I agree that Australian Shares will do better in the medium term. It's possibly as good a place as any to weather the storm, if such a place even exists. I wouldn't have said that even two years ago.

Inflation is predicted to hit 7.75% by the end of the year. Contrast that with the UK or the US, where it's already 9.1% and predicted to hit 19%. Not good for house prices.

It will be third quarter 2023 before the volatility settles down. The Russian/ Ukrainian issue is likely to run out of steam, and the pandemic is already starting to ease, although long Covid will have a continued effect on the workforce. Already we have 4 million people in Australia absent at any time due to the symptoms of long Covid. It has been affecting supply chains for most of the year.

I predict another disaster (probably floods) this coming summer. I think it's a highly credible risk anyway.

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« Last Edit: Sep 8^th, 2022 at 9:12am by John_Taverner »

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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Market Crash Reply #52 - Sep 14^th, 2022 at 7:30am It started 4th January Fell out of bed last night on Wall Street It's gunna be rough now. Brace for impact.
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #53 - Sep 14^th, 2022 at 7:37am *The last 1 Posts were moved here from Finance and Economics* by freediver.**
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Market Crash Reply #54 - Sep 14^th, 2022 at 7:38am Boris wrote on Sep 14^th, 2022 at 7:30am: It started 4th January Fell out of bed last night on Wall Street It's gunna be rough now. Brace for impact. So what's with the regular chicken little routine Boris?
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Lisa Jones

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Re: Stock Market Crash
Reply #55 - Sep 14^th, 2022 at 9:13am

freediver wrote on Sep 8^th, 2022 at 7:55am:

I'm not the one pulling the Nostradamus routine. But here goes:

The market will either go down or up.

Ha! The question remains : will it go MORE up or MORE down? And which parts of the share market is more vulnerable to such fluctuations. International? National? Which types of commodities are affected? Note: I personally don't like stocks and shares. It's all too illusory IMO. The real estate market isn't.

Interestingly enough... the real estate investment market itself kinda sorta functions like the stock market in that IF the market goes down one immediately examines exactly where. Regional? Urban? Residential? Commercial? Land? If urban then which urban area? Sydney? Melbourne? Perth? Even at that level of scrutiny one needs to take a closer look at specific LGA regions.

IMO....you'll do better investing in real estate. Just be careful WHERE/HOW you invest ie carefully consider what type of property you buy, where it's located and what type of mortgage you take out.

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« Last Edit: Sep 14^th, 2022 at 9:18am by Lisa Jones »

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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random

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Re: Stock Market Crash
Reply #56 - Sep 14^th, 2022 at 9:38am

freediver wrote on Sep 8^th, 2022 at 7:55am:

I'm not the one pulling the Nostradamus routine. But here goes:

The market will either go down or up.

The stock market is a machine to extract money from people who have no idea, by those who do.

But you want proof? OK.

If you do have high quality information about what is going to happen, act on it, you can be put in prison. Knowing what will happen is against the rules. Imagine knowingly taking part in that!

That means that you are required to throw large sums of money at something that you have no idea about. Your money can be taken away from you by as little as a bullshit article in today's paper.

Not for me.

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So many farkwits, so little time.

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Lisa Jones

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Re: Stock Market Crash
Reply #57 - Sep 14^th, 2022 at 10:16am

random wrote on Sep 14^th, 2022 at 9:38am:

freediver wrote on Sep 8^th, 2022 at 7:55am:

I'm not the one pulling the Nostradamus routine. But here goes:

The market will either go down or up.

The stock market is a machine to extract money from people who have no idea, by those who do.

But you want proof? OK.

If you do have high quality information about what is going to happen, act on it, you can be put in prison. Knowing what will happen is against the rules. Imagine knowingly taking part in that!

That means that you are required to throw large sums of money at something that you have no idea about. Your money can be taken away from you by as little as a bullshit article in today's paper.

Not for me.

👆 pretty much nails it (for me anyway).

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If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Bias_2012 Gold Member Offline Australian Politics Posts: 10766 Gender:	Re: Stock Market Crash Reply #58 - Sep 14^th, 2022 at 10:38am freediver wrote on Sep 8^th, 2022 at 7:55am: I'm not the one pulling the Nostradamus routine. But here goes: The market will either go down or up. Bit of a crash this morning FD ... you were half right for today at least
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random Gold Member Offline Australian Politics Posts: 2637 Gender:	Re: Stock Market Crash Reply #59 - Sep 14^th, 2022 at 12:08pm
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Jasin Gold Member Online Posts: 56887 Gender:	Re: Stock Market Crash Reply #60 - Sep 14^th, 2022 at 6:11pm Watch it all 'crash' as the money gets drained away to support the American War Chest Fund. It's gotta go somewhere.
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freediver

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Re: Stock Market Crash
Reply #61 - Sep 14^th, 2022 at 6:19pm

Lisa Jones wrote on Sep 14^th, 2022 at 9:13am:

freediver wrote on Sep 8^th, 2022 at 7:55am:

I'm not the one pulling the Nostradamus routine. But here goes:

The market will either go down or up.

Ha! The question remains : will it go MORE up or MORE down? And which parts of the share market is more vulnerable to such fluctuations. International? National? Which types of commodities are affected? Note: I personally don't like stocks and shares. It's all too illusory IMO. The real estate market isn't.

Interestingly enough... the real estate investment market itself kinda sorta functions like the stock market in that IF the market goes down one immediately examines exactly where. Regional? Urban? Residential? Commercial? Land? If urban then which urban area? Sydney? Melbourne? Perth? Even at that level of scrutiny one needs to take a closer look at specific LGA regions.

IMO....you'll do better investing in real estate. Just be careful WHERE/HOW you invest ie carefully consider what type of property you buy, where it's located and what type of mortgage you take out.

I think most people with a mind to invest are already overinvested in real estate through their own home. It has several key advantages - low interest rates on the loan compared to a business loan, no capital gains tax, and the 'income' (money saved on rent) is also not taxed. Plus I think they will let you leverage more heavily there than anywhere else.

random wrote on Sep 14^th, 2022 at 9:38am:

freediver wrote on Sep 8^th, 2022 at 7:55am:

I'm not the one pulling the Nostradamus routine. But here goes:

The market will either go down or up.

The stock market is a machine to extract money from people who have no idea, by those who do.

But you want proof? OK.

If you do have high quality information about what is going to happen, act on it, you can be put in prison. Knowing what will happen is against the rules. Imagine knowingly taking part in that!

That means that you are required to throw large sums of money at something that you have no idea about. Your money can be taken away from you by as little as a bullshit article in today's paper.

Not for me.

There is a difference between doing your research and insider trading. But I think you are right about most small time investors losing money on shares, presumably to "those that do". But there are plenty of options suitable for those people - eg managed funds. But even there doing your research makes a huge difference.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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perceptions_now Gold Member Offline Australian Politics Posts: 11694 Perth WA Gender:	Re: Stock Market Crash Reply #62 - Sep 16^th, 2022 at 11:25am As I said, "I am Cashed Up & that will remain the case!" There are to many "unusual/unheard of things" going on!
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Jasin Gold Member Online Posts: 56887 Gender:	Re: Stock Market Crash Reply #63 - Sep 16^th, 2022 at 8:04pm perceptions_now wrote on Sep 16^th, 2022 at 11:25am: As I said, "I am Cashed Up & that will remain the case!" There are to many "unusual/unheard of things" going on! Can I borrow $10 PN?
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Captain Nemo Gold Member Offline Australian Politics Posts: 15962 Melbourne Gender:	Re: Stock Market Crash Reply #64 - Sep 23^rd, 2022 at 12:21am Should be a shocker on our market today (Friday).
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Boris

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Economic Disaster
Reply #65 - Oct 21^st, 2022 at 8:00am

A global economic disaster is hitting the world right now.

All economies in all countries are collapsing like a house of cards

Welcome to the Greatest Depression

There is no point in pointing fingers - all Governments of whatever stripe or from whatever quarter have let this happen by pandering to squeaky hinges.

Good luck everyone

The Golden Age has died along with the Late Elizabeth the Great

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Frank

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Re: Economic Disaster
Reply #66 - Oct 21^st, 2022 at 8:51am

Boris wrote on Oct 21^st, 2022 at 8:00am:

A global economic disaster is hitting the world right now.

All economies in all countries are collapsing like a house of cards

Welcome to the Greatest Depression

There is no point in pointing fingers - all Governments of whatever stripe or from whatever quarter have let this happen by pandering to squeaky hinges.

Good luck everyone

The Golden Age has died along with the Late Elizabeth the Great

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Estragon: I can’t go on like this.
Vladimir: That’s what you think.

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Bobby.

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Re: Economic Disaster
Reply #67 - Oct 21^st, 2022 at 9:04am

Boris wrote on Oct 21^st, 2022 at 8:00am:

A global economic disaster is hitting the world right now.

All economies in all countries are collapsing like a house of cards

Welcome to the Greatest Depression

There is no point in pointing fingers - all Governments of whatever stripe or from whatever quarter have let this happen by pandering to squeaky hinges.

Good luck everyone

The Golden Age has died along with the Late Elizabeth the Great

It's all about modern monetary theory - MMT - used all around the world.
Govts. print Govt. bonds and the Reserve bank buys them by printing money.
It's funny money that is created out of nothing.
It causes inflation and even hyperinflation -
it robs people of their life savings and puts the Govt. into debt they can never pay off -
they just print more Govt. bonds to cover the debt -
and it spirals in to total collapse of the financial system.

Unfortunately the last 10 years of Libbo Govt here created $1 trillion of such debt
as they went on a spending spree like drunken sailors
with money they didn't have.
I am very worried about it.

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Boris Gold Member Offline Australian Politics Posts: 4457 Gender:	Re: Economic Disaster Reply #68 - Oct 21^st, 2022 at 12:26pm It is all about Kondratieff
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Grappler Racist Filth

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Re: Economic Disaster
Reply #69 - Oct 21^st, 2022 at 12:56pm

Is just around the corner - only the impending WW III will wake the West from it's Snow White sleep with a kiss of gunfire...

You see the microcosm being played out in Ukraine.... Russia has burned through its best and trained personnel and is now turning to conscripts and reservists, who are being sent to the fray with a couple of weeks training or re-training (if they are retreads).

The same will happen with both sides of the impending war... the best and most trained will suffer until others come in to hold the line after being trained...

The West, of course, has learned from watching the Russian bear blunder.... and the moment the first whiff of gunsmoke is in the air, they will begin training the back-ups. They'll need to move quickly in this day and age ......

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Frank Gold Member Offline Australian Politics Posts: 59240 Gender:	Re: Economic Disaster Reply #70 - Oct 21^st, 2022 at 2:55pm BREAKING: Biden's economic sanctions on the U.S. to be partially lifted prior to November election
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Bobby. Gold Member Offline Australian Politics Posts: 120840 Melbourne Gender:	Re: Economic Disaster Reply #71 - Oct 23^rd, 2022 at 12:45pm Some good links here about MMT - modern monetary theory - https://theconversation.com/modern-monetary-theory-the-rise-of-economists-who-sa... http://bilbo.economicoutlook.net/blog/?p=50225 https://www.investopedia.com/modern-monetary-theory-mmt-4588060
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #72 - Oct 23^rd, 2022 at 12:48pm *The last 7 Posts were moved here from Finance and Economics* by freediver.**
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freediver

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Re: Economic Disaster
Reply #73 - Oct 23^rd, 2022 at 12:49pm

Boris wrote on Oct 21^st, 2022 at 8:00am:

A global economic disaster is hitting the world right now.

All economies in all countries are collapsing like a house of cards

Welcome to the Greatest Depression

There is no point in pointing fingers - all Governments of whatever stripe or from whatever quarter have let this happen by pandering to squeaky hinges.

Good luck everyone

The Golden Age has died along with the Late Elizabeth the Great

Boris why do you keep doing this chicken little dance for us, then running away?

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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Bobby.

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Re: Economic Disaster
Reply #74 - Oct 23^rd, 2022 at 1:13pm

Bobby. wrote on Oct 23^rd, 2022 at 12:45pm:

Some good links here about MMT - modern monetary theory -

https://theconversation.com/modern-monetary-theory-the-rise-of-economists-who-sa...

http://bilbo.economicoutlook.net/blog/?p=50225

https://www.investopedia.com/modern-monetary-theory-mmt-4588060

People ask about what government services we'd cut or stop altogether without MMT?
Education, health, law and order, funds to states, environment, energy, foreign affairs, trade, welfare, pensions, quarantine, tax administration?

The fact is that the interest paid on the loans could have gone towards those important services.
That causes more money printing and a death spiral.

Let's use some round figures to make it easy to understand.
Let's say someone has $1 million is savings which is all in the bank via their own
deposits or superannuation.
Let's say the inflation rate is now 8%.
That person effectively loses $80,000 in one year by inflation.
It's the same as if they were sent an invoice from the tax Dept. for $80,000.
Is that fair on that person?

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Bobby. Gold Member Offline Australian Politics Posts: 120840 Melbourne Gender:	Re: Stock Market Crash Reply #75 - Oct 23^rd, 2022 at 1:20pm I wonder that no matter how highly the Govt. taxes us it is still never enough to pay for all the things they "need" to pay out for? MMT is used to print money to cover day to day expenses - not as part of any emergency. Are we living way beyond our means?
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freediver Gold Member Offline www.ozpolitic.com Posts: 53257 At my desk.	Re: Stock Market Crash Reply #76 - Oct 23^rd, 2022 at 4:25pm Quote: MMT is used to print money to cover day to day expenses Not in Australia, or any other place not run by fools.
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