How often do you turn on the box and see financial commentators telling us how good things are. Well, dont believe them, they are all liars. In my humble opinion, as a peon, the shyte is about to hit the fan.. Make up your own minds...believe who you want to believe... https://www.zerohedge.com/news/2018-11-14/australian-home-prices-could-collapse-30
I have been saying this for 15 years, even skyrockets run out of energy and fall. Capitalism tries to defy physics, you can't, for every action there is an opposite and equal reaction. Nothing new can be created.
Apparently now is the time for us to buy an investment property or get into shares....pft... I dont know how these people keep their jobs saying crap like this. And they put their hand out for their wages every week..... Ned Kelly was a gentleman...
Zero Hedge is a batshit insane Austrian school finance blog run by two pseudonymous founders who post articles under the name "Tyler Durden," after the character from Fight Club. It's essentially apocalypse porn. It has accurately predicted 200 of the last 2 recessions.[citation NOT needed] https://rationalwiki.org/wiki/Zero_Hedge
So, correct me if Im wrong. We should disregard ZH and all its contents about the worlds economies going bust, and race out and get into the stock market and buy some real estate. Are you suggesting that you know more than they do? As I said earlier there is nothing good on the horizon and we are being conned by the politicians and so called economic experts that Australias economy is going gangbusters. That is why everyone is afraid of interest rates going up. People with no interest loans are crapping in their pants everytime the postman delivers their mail, worrying about a letter telling them to start paying interest. Shop fronts near where I live have been empty for over twelve months, no-one wants to jump in and pay the exhorbitant rents being charged. I know of several businesses which are close to bankruptcy, and even tv news suggests that maybe some of our millennials should consider declaring bankruptcy. Bankruptcy...at what 21...22...23...!! Maybe I should join the ZH team, because as I see it, the shyte is going to hit the fan soon, and Australia will suffer in a big way. Batten down the hatches...all hands on deck...stay tuned for more "apocalypse porn" as theres a lot of it around.....
Since history started getting recorded the shat has always been one ratchet notch on the pawl from hitting the fan.
Well, neither is wiki, if you want to go down that path. If anyone can edit wiki, then how do I know who's opinions I am reading?
Sorry to say, we have attack the source, discredit the source, if the source is wrong then the message must be... IT is a bit like saying if you cannot spell, your not worth hearing.
OK then if my source is wrong/not creditable, whatever phrase anyone wants to use, the USA and the rest of the economic world must be going gangbusters since the GFC.
Oh I am sorry, you get me wrong. I agree that the source arguement is wrong. it seems if you cannot oppose the message, discredit the messenger.
But things can be improved upon. Capitalism does require that we eventually escape the confines of the planet to continue progressing, but we're a long ways out from that necessity. We still have the capacity to make the pie bigger as opposed to trying to ration it. Money is representative of resource, and resource is only scarce due do to corporate/political relationships that allow and promote monopolization or hoarding of resource. If this buble bbreaks, its because someone(s) wanted it to, not because its innevitable.
They now have an editorial process but it is not perfect. i have found inaccuracies in some of the more topical and controversial subjects I.e. Gun control
https://www.zerohedge.com/news/2018-11-16/australias-economy-house-cards-set-sharp-downturn-2019 UBS analyst Jonathon Mott is quoted in this link
