Monday, April 4, 2011

Bear Nibbles anyone?

Why Inflated Markets Must Crash

"House prices are falling. And falling big. Already Queensland is seeing Florida-style price falls. " "No one with an ounce of common sense would support people investing more money with Bernie Madoff’s Ponzi scheme, just to prevent the Ponzi scheme from collapse. And so by the same token there’s no reason to support the gradual deflation of house prices."

Posted by the number cruncher @ 03:35 PM (3952 views)
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8 thoughts on “Bear Nibbles anyone?

  • Rental John says:

    I’ve heard you can swap 10 houses for one tulip bulb…

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  • Published April 1st.

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  • sibley's b'stard child says:

    Cracker of an article with bearly (see what I did there) disguised glee. There’s an uber-bull on the forum, Bardon; wonder what he’d make of that. Anyway, thought this excerpt was a pretty decent summary of where we are:

    ‘The fact is, bubbles can’t be deflated slowly for the reason that markets are made up of individuals acting – rightly – in their own interest. It’s saying that because some have chosen to fall for the false promises of property investing and overextended themselves, others should be encouraged to also pay inflated prices just to cushion the blow.’

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  • The writer comments on the Indexes which are not to be trusted, something which we feel strongly about on HPC. Clearly the global banking system is trying to support house prices all over the capitalist World, not just in the UK.

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  • all the banks are interlinked so they will all suffer….banks are also rumoured to be carrying debt on a fantasy model to market rather than the true value…and if that value is going down further then perhaps the cradit crunch was a warning shot of what’s really gonna happen

    worldwide debt default and reset

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  • Even ten years ago, the mainstream print press had a stranglehold over the spread of information. The idea of blogging and independent media was still very new… if it existed at all.

    Quick Barry Obeya, hit the kill switch we need more cheese.

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  • general congreve says:

    @3 – Worldwide debt default and reset with ‘surprise’ gold to the moon upset (for governments, banks and ignorant citizens).

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  • letthemfall says:

    Strewth. The Aussies don’t mince words. Mind you, I had to look up “spruiker”; felt like a bloke caught without my strides on.

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