Select to expand quoteIsn't it great of these doyens of capitalism, come together in this "cheese off" to advise us all on what gun they will use to shoot each other when the end comes. And so cheerful, or was that the glazed look on their faces due to all the Botox, hair transplants and porcelain veneers that cause that permanent surprised look. FFS, and enough of the "buy my gold and silver "sales pitch already!!!
I don't like a fair bit of what was said in that video however, it's typical of the socialist left that when anyone states something they disagree with they are personally attacked and insulted. Just look at the global warming and carbon dioxide tax debates for example.
Shame
Aw, come on ADS, are you telling me that if anyone of these sactimonious prats turned up on your doorstep you wouldn't "release the hounds". Surely on that list of the most trustworthy occupations that gets published every year, the professions of "self help book author" "financial guru" and "Nazi prison camp dentist" would be grouped fairly closely together. These people make my skin crawl.
. You're right however, it is "... typical of the socialist left ...", not just on these forums.
Quote from a US real estate investment advisor John T Reed
"Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.
Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won't disclose his supposed real estate or other investment success.
Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice."
Yep, I still reckon there's the recession to end all recessions on its way. Timing is the big question - not if, but when.http://finance.townhall.com/columnists/mikeshedlock/2011/06/29/china_credit_bubble_will_be_pop_heard_round_the_world/page/full/
and
globaleconomicanalysis.blogspot.com/
When my thoughts stray to such depressing matters as this I like to head on down to "The Church of What's Happenin Now" aka the Storey Bridge Hotel and listen to this gal and her guys.
She has a good understanding that everything will be alright.
The mother of all recessions is coming and it looks like it's coming fast and hard. Still plenty of employment in Australia so I'm not quite sure how this one is going to play out, how deep we will sink and for how long. I wonder when Swan is going to first say the "R" word - I'm guessing early September.
Retail has already crashed, housing is looking weak. Probably when China tells us it won't need quite as much coal this month - that's when the reality will hit us.
Marc Faber makes me want to grow a whispy pony tail and talk about gloom doom boom all day long.
I don't know if it's that Swiss accent, his arrogance or what he says. I just like the package.
^^^
I think everyone must be talking to their stock broker or on Commsec, instead of Seabreeze.
I dont get it interest rates stay low, goods get cheaper, dollar is stronger than ever against US$ so stuff is realy cheap there - why should i worry?
I don't understand why people have shares, the market now has nothing to do with raising capital any more, and everything to do with speculation, fear mongering, manipulation and profiteering.
This book is not bad bed time reading for those interested:
en.wikipedia.org/wiki/Fooled_by_Randomness
