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AvidFan

David Tice Of Prudent Bear Says Market Has Turned

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About 5 minutes 20 seconds in, he's calling for a reset to happen. The US must stop people investing in housing and they need to scale back massively.

Edited by AvidFan

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I think he is talking about printing money?

Thanks. The replies on HPC are getting increasingly obscure. He could just have illustrated his answer with a picture link:

e-pt-015k.jpg

I used to have one of those. Four colours too.

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Thanks. The replies on HPC are getting increasingly obscure. He could just have illustrated his answer with a picture link:

e-pt-015k.jpg

I used to have one of those. Four colours too.

If you had one of them you had a few quid, i only managed the 64 + datasette....happy days :D

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About 5 minutes 20 seconds in, he's calling for a reset to happen. The US must stop people investing in housing and they need to scale back massively.

Easy. All they need do is follow the example of Nevada.

It is estimated that a whopping 65 percent of all homes in the state of Nevada are underwater.

http://theeconomiccollapseblog.com/archives/the-death-of-las-vegas

Isn't UK housing just a casino?

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If you had one of them you had a few quid, i only managed the 64 + datasette....happy days :D

I had two datasettes (for copying... ;) ) and later, an MPS-803 and a 1541 disk drive for £200 from a place in Dudley called Micro-something. It was a special Christmas deal in 1984/5 I think.

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That's a lie.

(I googled images of Nevada to prove it was a desert - I liked this one....)

November_1951_nuclear_test_at_Nevada_Test_Site.jpg

4 minutes into the video and the guy says that debt in the US (I assume he is talking total debt = gov+households+companies) has now reached 380% of GDP.

By coincidence that was exactly the UK (adjusted) total debt in 2008 ! (according to that well used McKinsey chart).

I wonder how high is ours now.

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counter argument by Nadeem Walayat

The current trend is inline with the expectations for a corrective trading range into at least Mid July by which time I will have a clearer picture as to when the market is likely to break higher or if it will put in a further lower low in the seasonally weakest part of the year i.e. Sept / October, followed by rally to achieve the late 2010 Dow target of between Dow 12,000 and 12,500.

The perma-bears and the crash is coming again crowd that emerge after every market sell off and usually near market bottoms are clearly concluding that April was the top, as was Jan before that and October 09 before that and August 09 before that and April 09 before that. What I find perplexing is if the highly vocal perma-bears never bought in the first place then exactly what are they selling ? When I see the likes of ultra-safe oil stocks (barring killer oil spills) such as Shell at £17.92 trading on a P/E of 8 and yielding 7.5%, I don't see a market that is expensive, I see a market that is dirt cheap to continue accumulating into for the long-run.

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  • 276 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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