|
|
Post by SA Hunter on Jun 3, 2022 19:26:52 GMT 10
|
|
d
Senior Member
Posts: 152
Likes: 60
|
Post by d on Jun 3, 2022 20:16:37 GMT 10
Perhaps it’s just my general distaste for click bait but the old saying of economists predicting 9 of the past 5 recessions comes to mind
|
|
|
|
Post by ausprep130 on Jun 3, 2022 21:28:08 GMT 10
Perhaps it’s just my general distaste for click bait but the old saying of economists predicting 9 of the past 5 recessions comes to mind The thing that is really alarming is when the experts and media claim everything is fine. |
|
d
Senior Member
Posts: 152
Likes: 60
|
Post by d on Jun 4, 2022 7:28:45 GMT 10
Perhaps it’s just my general distaste for click bait but the old saying of economists predicting 9 of the past 5 recessions comes to mind The thing that is really alarming is when the experts and media claim everything is fine. So don’t believe what they say and jump to alarm when they dont say anything. Seems like they may not be worth listening to at all. You forgot the quotation marks around experts as well lol |
|
malewithatail
VIP Member
Posts: 3,963 
Likes: 1,380
Location: Northern Rivers NSW
|
Post by malewithatail on Jun 4, 2022 8:46:57 GMT 10
Ive learnt that when you hear of a news items, such as "The thing that is really alarming is when the experts and media claim everything is fine.",the exact opposite is usually the case. Time to double up on food preps and run !
I'm an absolute, off the wall, fanatical, moderate.
|
|
bug
Senior Member
Posts: 2,316
Likes: 1,934
Member is Online
|
Post by bug on Jun 4, 2022 11:31:11 GMT 10
Perhaps it’s just my general distaste for click bait but the old saying of economists predicting 9 of the past 5 recessions comes to mind The thing that is really alarming is when the experts and media claim everything is fine. Yep. Recent (and not so recent) experience shows that wherever there is a constant 'narrative', somebody/group of people are making a lot of money out of it at the public's expense. A bunch of people warning about certain economic indicators by qualified people is very different and just something to take on board. |
|
spatial
Senior Member
Posts: 2,396
Likes: 1,560
|
Post by spatial on Jun 16, 2022 18:24:59 GMT 10
The bloodbath is now a reality. Stocks in bear market, another round of big falls expected today. Interest rates popping and housing markets crashing. Crypto currencies going to zero. Bitcoin in Nov was 62k now down to 21k and still falling. The last 7 recessions have been preceded by US bond yield curve inversion, which happened 2 days ago. More popcorn required to watch the mess come unglued. For those with n popcorn supplies.. get all the action from trading economics. tradingeconomics.com/ |
|
|
|
Post by milspec on Jun 16, 2022 22:18:00 GMT 10
The bloodbath is now a reality. Stocks in bear market, another round of big falls expected today. Interest rates popping and housing markets crashing. Crypto currencies going to zero. Bitcoin in Nov was 62k now down to 21k and still falling. The last 7 recessions have been preceded by US bond yield curve inversion, which happened 2 days ago. More popcorn required to watch the mess come unglued. For those with n popcorn supplies.. get all the action from trading economics. tradingeconomics.com/I've got some funds coming my way next month, fingers crossed bitcoin goes through a solid 6 months of bottoming out so I can pick more up. Its pretty much on track with its established cycle. I for one am happy to finally be in a btc bear market where the opportunities exist. Cant say the same for the decrepit fiat money farce though. That junket is on its death spiral so central banks get their opportunity to say yeah it is deceased and we have a new central bank digital currency system to save you. I'm sure the coolaide CBDC cover story will paint CBDC's as a wonderful saviour of humanitiy's woes - thats the blue pill for the Matrix fans. Take the red pill and you'll see CBDC's as the biggest threat to freedom we've seen in our lifetimes. |
|
iceage
Senior Member
Posts: 165
Likes: 127
|
Post by iceage on Jun 17, 2022 1:03:45 GMT 10
The bloodbath is now a reality. Stocks in bear market, another round of big falls expected today. Interest rates popping and housing markets crashing. Crypto currencies going to zero. Bitcoin in Nov was 62k now down to 21k and still falling. The last 7 recessions have been preceded by US bond yield curve inversion, which happened 2 days ago. More popcorn required to watch the mess come unglued. For those with n popcorn supplies.. get all the action from trading economics. tradingeconomics.com/I've got some funds coming my way next month, fingers crossed bitcoin goes through a solid 6 months of bottoming out so I can pick more up. Its pretty much on track with its established cycle. I for one am happy to finally be in a btc bear market where the opportunities exist. Cant say the same for the decrepit fiat money farce though. That junket is on its death spiral so central banks get their opportunity to say yeah it is deceased and we have a new central bank digital currency system to save you. I'm sure the coolaide CBDC cover story will paint CBDC's as a wonderful saviour of humanitiy's woes - thats the blue pill for the Matrix fans. Take the red pill and you'll see CBDC's as the biggest threat to freedom we've seen in our lifetimes. Same ive been waiting for this crash so i can cash in. Im prepared to lose a bit but after all its all a gamble isnt it. If i double my money in the long term ill be happy and if i can make a significant sum over initial outlay ill be happy with that too. Ive been hearing talk of digital currency tanking big time around 2025, not sure why that date but it might be around the time of the end of cash so tptb have to make sure crypto is in line with how the gold standard traded. |
|
bug
Senior Member
Posts: 2,316
Likes: 1,934
Member is Online
|
Post by bug on Jun 17, 2022 13:03:25 GMT 10
Sounds like a good opportunity to buy stocks soon.
|
|
spatial
Senior Member
Posts: 2,396
Likes: 1,560
|
Post by spatial on Jun 17, 2022 15:10:08 GMT 10
Sounds like a good opportunity to buy stocks soon. After the 1929 crash it took decades for financial markets to recover., The same happened with the Japanese and Asian crash. Since the 2000 crash and especially since 2008 GFC the central banks have been dropping interest rates and pumping financial markets giving the illusion on stable financial and economic growth. After the everything bubble finishes bursting markets will take +20years to recover. Risk or world war and EMP nukes are very high. |
|
Beno
Senior Member
Posts: 1,310
Likes: 1,433
Location: Northern Rivers
|
Post by Beno on Jun 17, 2022 15:36:59 GMT 10
I wish i could use my super to pay off my property. It was doing very well previously but now it’s tanking. I was the highest risk category for max growth as i don’t believe i’ll see it by the time i retire. maybe time to reconsider….
|
|
bug
Senior Member
Posts: 2,316
Likes: 1,934
Member is Online
|
Post by bug on Jun 17, 2022 16:28:50 GMT 10
I wish i could use my super to pay off my property. It was doing very well previously but now it’s tanking. I was the highest risk category for max growth as i don’t believe i’ll see it by the time i retire. maybe time to reconsider…. Been saying that for ages. I hate super. It is an obvious cash cow for governments to tax. They've almost run out of assets to sell and are regularly worsening the deal with super. Cashing out of super would have me completely debt free...which is where I would already be if the government hadn't been confiscating this portion of my income for so long. |
|
|
|
Post by ausprep130 on Jun 17, 2022 18:54:30 GMT 10
Super is a bit like a pyramid scheme. Those that got in early (but not at the beginning) got great payouts. eg: Defined benefit being up to 8 times final average salary plus what ever they put in, and the added bonus of being able to retire at 54 and 9 months. I missed that one by 30 days - Bloody summer holidays . . . but at least I still have a defined benefit. Only downside is I will have to work until 67  or later if they change the retirement age. In the early 90's the government twigged how much it was going to cost and changed it, and it's been getting worse ever since. The bunnies on standard super don't have much to look forward to in retirement, if they ever get to retire. |
|
bug
Senior Member
Posts: 2,316
Likes: 1,934
Member is Online
|
Post by bug on Jun 18, 2022 10:40:42 GMT 10
Defined benefits are good if you know how to work the system. My old company had a 'rotation', where 2 years before you retired, you got a promotion and salary raise so that the multiplier gave you a good retirement fund. These days super is nothing more than a tax.
The best way to get a retirement income is through property investment. Even with zero growth in house prices, you still only need to put in about 20% of the property value and get 100% of the value once paid off. Practically everyone over 30 with an income over $100k has one. Wouldn't leave it too late though. By the age of 60, buying one is really a present for the kids, not your own retirement.
|
|
spatial
Senior Member
Posts: 2,396
Likes: 1,560
|
Post by spatial on Jun 19, 2022 15:46:23 GMT 10
|
|
bug
Senior Member
Posts: 2,316
Likes: 1,934
Member is Online
|
Post by bug on Jun 19, 2022 16:50:51 GMT 10
Price will soon be below the "mining cost" as price of electricity goes up many brokers and "wallet" holders will go under. Good. |
|
d
Senior Member
Posts: 152
Likes: 60
|
Post by d on Jun 20, 2022 5:47:07 GMT 10
When it comes to super I think it’s great to salary sacrifice up to the limit but beyond the confessional cap ($27500 PA) you are well served to be investing elsewhere too- personally I like vanguard index funds and while the cost is down im buying more.
|
|
bug
Senior Member
Posts: 2,316
Likes: 1,934
Member is Online
|
Post by bug on Jun 20, 2022 10:03:14 GMT 10
A low cost index fund is consistently the best long term return on investment.
|
|
spatial
Senior Member
Posts: 2,396
Likes: 1,560
|
Post by spatial on Jun 21, 2022 18:31:14 GMT 10
|
|
or later if they change the retirement age.