Australian Bubbles?

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Re: Australian Bubbles?

Postby Fox » 17 Jun 2011, 19:39

GuyInTaiwan wrote:Hmm.

So you're going to move to Caroline St?

Well, I suppose that if you played your cards right, you could pick up quite a little bargain before too long, if you were in the market for a house.

What are you going to do for work when you go back? Did I read somewhere recently that you were going to do further EFL study, or that you'd already done it? The question is, surely, that if property and the stock market tank, will there be some sort of recession in Australia? People would presumbably find simultaneously that money is a lot harder/more expensive to borrow, and also that their giant ATM (i.e. their house) was suddenly out of cash. Wouldn't that mean less money to splash around in the economy generally? How would that potentially affect any line of work you would be looking to get into?


I have my online editing and translation business, Planet Editing. That goes all the time then I have been thinking of having a homestay business. Most pay about 200 to 250 a week so I might just buy a big house and do that. I've also run tours to Australia in the past and I can teach. I think I can cobble together a reasonable income. If Australia had any set backs it would be good for me. I want a low Australian dollar and cheap housing. Asian education isn't going away.
"When liberty comes with hands dabbled in blood it is hard to shake hands with her." Wilde

"I don't know where the sun beams end and the star light begins. It's all a mystery." Flaming Lips

"a man's position here is not ruled so much by what he can earn as by what he can owe and still remain at large." Letters of a Shanghai Griffin

"It's called the American dream because you have to be asleep to believe it." George Carlin

The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.
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Re: Australian Bubbles?

Postby GuyInTaiwan » 17 Jun 2011, 19:52

Why are you leaving Taiwan?
And you coming in to scold us all like some kind of sour-puss kindie assistant who favors olive cardigans and lemon drinks without sugar. -- Muzha Man

One sometimes gets the impression that the mere words "Socialism" and "Communism" draw towards them with magnetic force every fruit-juice drinker, nudist, sandal-wearer, sex-maniac, Quaker, "Nature Cure" quack, pacifist, and feminist in England. -- George Orwell
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Re: Australian Bubbles?

Postby Fox » 17 Jun 2011, 21:55

The weather. It rains too much. That is the actual reason.
"When liberty comes with hands dabbled in blood it is hard to shake hands with her." Wilde

"I don't know where the sun beams end and the star light begins. It's all a mystery." Flaming Lips

"a man's position here is not ruled so much by what he can earn as by what he can owe and still remain at large." Letters of a Shanghai Griffin

"It's called the American dream because you have to be asleep to believe it." George Carlin

The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.
redbubble
http://www.planetediting.com
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Re: Australian Bubbles?

Postby headhonchoII » 17 Jun 2011, 22:09

It rains too much, are you from Alice Springs ? :)

I once lived in Tully in Queensland, it rained 400 cms total in a year with afternoon rain showers pretty much EVERY day, make sure you don't go anywhere near there!
I can remember the fourth of July runnin' through the backwood bare.
And I can still hear my old hound dog barkin' chasin' down a hoodoo there
Chasin' down a hoodoo there.
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Re: Australian Bubbles?

Postby Fox » 17 Jun 2011, 22:11

I'm going to Surfers Paradise on the Gold Coast. It's got a nicer ring to it than 'In the Lake' where I'm currently living.
"When liberty comes with hands dabbled in blood it is hard to shake hands with her." Wilde

"I don't know where the sun beams end and the star light begins. It's all a mystery." Flaming Lips

"a man's position here is not ruled so much by what he can earn as by what he can owe and still remain at large." Letters of a Shanghai Griffin

"It's called the American dream because you have to be asleep to believe it." George Carlin

The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.
redbubble
http://www.planetediting.com
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Re: Australian Bubbles?

Postby headhonchoII » 17 Jun 2011, 22:14

GuyInTaiwan wrote:Fox: So basically, you're predicting the bubble to pop enough that the banks are going to drag the whole market down with them within the next six months? Interesting.


GIT I'm surprised you don't know about this effect and Fox you are too optimistic to be saying put your money back in the stock market towards end of the year, my guess is you won't be doing that.
Banks drag down the whole stock index and when they run up major debts to capital they need to replenish capital before being able to loan,therefore they don't lend, credit dries up, they call in their debts, companies that borrowed too much like construction developers are stranded and the economy tailspins...or has the strong potential to anyway. Consumer economies depend on strong credit flow.
I can remember the fourth of July runnin' through the backwood bare.
And I can still hear my old hound dog barkin' chasin' down a hoodoo there
Chasin' down a hoodoo there.
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Re: Australian Bubbles?

Postby Fox » 17 Jun 2011, 22:15

headhonchoII wrote:
GuyInTaiwan wrote:Fox: So basically, you're predicting the bubble to pop enough that the banks are going to drag the whole market down with them within the next six months? Interesting.


GIT I'm surprised you don't know about this effect and Fox you are too optimistic to be saying put your money back in the stock market towards end of the year, my guess is you won't be doing that.
Banks drag down the whole stock index and when they run up major debts to capital they need to replenish capital before being able to loan,therefore they don't lend, credit dries up, they call in their debts, companies that borrowed too much like construction developers are stranded and the economy tailspins...or has the strong potential to anyway. Consumer economies depend on strong credit flow.


I think you are right.
"When liberty comes with hands dabbled in blood it is hard to shake hands with her." Wilde

"I don't know where the sun beams end and the star light begins. It's all a mystery." Flaming Lips

"a man's position here is not ruled so much by what he can earn as by what he can owe and still remain at large." Letters of a Shanghai Griffin

"It's called the American dream because you have to be asleep to believe it." George Carlin

The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.
redbubble
http://www.planetediting.com
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Fox
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Re: Australian Bubbles?

Postby GuyInTaiwan » 18 Jun 2011, 18:48

HH: Oh I know that. I was just expressing surprise that he had the balls to really take a stand. Too many people don't, and then they whine like stuck pigs when it hits the fan, even if they felt major reservations in the lead up.
And you coming in to scold us all like some kind of sour-puss kindie assistant who favors olive cardigans and lemon drinks without sugar. -- Muzha Man

One sometimes gets the impression that the mere words "Socialism" and "Communism" draw towards them with magnetic force every fruit-juice drinker, nudist, sandal-wearer, sex-maniac, Quaker, "Nature Cure" quack, pacifist, and feminist in England. -- George Orwell
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Re: Australian Bubbles?

Postby Fox » 18 Jun 2011, 23:26

GuyInTaiwan wrote:HH: Oh I know that. I was just expressing surprise that he had the balls to really take a stand. Too many people don't, and then they whine like stuck pigs when it hits the fan, even if they felt major reservations in the lead up.


It's not really courage. I'm booking a profit of about 25% over two years. I want to hang on to it.
"When liberty comes with hands dabbled in blood it is hard to shake hands with her." Wilde

"I don't know where the sun beams end and the star light begins. It's all a mystery." Flaming Lips

"a man's position here is not ruled so much by what he can earn as by what he can owe and still remain at large." Letters of a Shanghai Griffin

"It's called the American dream because you have to be asleep to believe it." George Carlin

The American oligarchy spares no pains in promoting the belief that it does not exist, but the success of its disappearing act depends on equally strenuous efforts on the part of an American public anxious to believe in egalitarian fictions and unwilling to see what is hidden in plain sight.
redbubble
http://www.planetediting.com
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Fox
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Re: Australian Bubbles?

Postby GuyInTaiwan » 19 Jun 2011, 21:50

Well, it's prudence then. Most people get greedy and want to keep getting even more.
And you coming in to scold us all like some kind of sour-puss kindie assistant who favors olive cardigans and lemon drinks without sugar. -- Muzha Man

One sometimes gets the impression that the mere words "Socialism" and "Communism" draw towards them with magnetic force every fruit-juice drinker, nudist, sandal-wearer, sex-maniac, Quaker, "Nature Cure" quack, pacifist, and feminist in England. -- George Orwell
GuyInTaiwan
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Posts: 7231
Joined: 10 Jun 2008, 23:01
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