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  2. I don't have a sh*t-ton of money so am less concerned. I actually feel quietly comfortable holding cash in a Russian bank account. A far cry from 1998! I don't think it matters what you think is overvalued, it's where the masses/"dumb money" run to, and getting there first
  3. For the Record, Marty has NEVER before said, oh watchout this could be an important high, a bubble like he is doing now! " Both the S&P500 and the NASDAQ are leading the Dow. This is clearly warning that we may indeed be approaching an important temporary top in early 2020. The liquidity crisis remains critical as banks simply do not trust banks. The bulk of analysts are clueless as to what is going on and they continue to look at the NY banks and draw parallels to 2008 expecting a crisis in the USA. " thats all im gonna copy here. Clearly Marty is worried about the european banks collapsing and that stocks can have an important peak in 2020! This is the most bearish i have heard Marty. Yes in 2015 he said all the bad stuff comes after the 2015 turnpoint and in 2017 he said ok sorry guys, we are f*cked and cant prevent anything now anymore. But now he is saying 2020-2022 will be the time with the european banks, the monetary crysis cycle, the dollar rise. This is the most important to understand!!!! if you have sh*t-tons of money and its in the bank how do you get it out????? only by buying real estate stocks or bonds. Bonds are seriously overvalued so stocks and real estate get money. They are the flight to safety when you are afraid if your bank might collapse. Physical stock certificate. Also watch corporate credit and especially car companies! Ford and so on Obviously switch your longterm portfolio to risk-off mode! Might wanna add gold ond dips.
  4. Just follow the trend Medved Can use the reversals for help and for disciplin. For the record, marty kept writing all the way up to the 2018 top in djia if this numer gets elected then correction, it went further up, ok if THIS number, ok if this number and finally one got elected, he then switched to this is NOT a big crash, buy the an april low, he got surprised by the december2018 crash but called the low to the week, on the conference in may2019 he then said look buy the dow its making new highs, now hes saying okay guys, its going up but man THIS LOOKS TOPPY Hey, Marty is starting to say that the usa markets look toppy! He is still saying that right now we can get a rallye for a few months, but this is the FIRST time since 2011 that i hear him saying: look, this market looks toppy, be aware. His target is 32.000-35.000 for the DJIA (since already many years)
  5. The government wants cold hard cash!
  6. Back in the day (80s) when we had hope that society could live without racial, social, political, and mental enclaves. Break those walls!
  7. Maybe that's OK. I think it would have been better to just require financial assets if you are an older migrant instead of charging big money for a visa. That will make them less able to look after themselves in old age.
  8. The guy I met had a profession on the "highly skilled migrant list". His relative is a dentist. It's a point-based system, age is a factor so it costs more (the dentist is in his 50s). If you're willing to buy a few million dollars worth of government bonds you'll get residency regardless of professional background.
  9. Good you're still here, though!
  10. Life in the mid-50s is totally crap. Every one of my parents' generation are now dead. Parents, uncles and aunts and their friends. This has been a decade of death. All my old friends are ageing and growing tired. I have less and less in common with them and I think I have lost all of them now except two. Making new friends is virtually impossible. My wife and I are heading towards our 60s and she's still my soulmate - that's sweet but sad to watch the slow decay in us both. As I'm watching old music videos from the 70s on Youtube I remember what it was like to be in the early teens full of enthusiasm and passion for life. That was 40 years ago.
  11. Man - that sucks! Are those the rules? You can buy yourself a visa?
  12. I met a friend of a friend on the weekend, who moved from Russia to Australia as a skilled migrant a few years ago. He said it cost him 10,000AUD a visa for himself and his wife. Her parents are looking to move as well now (her step-father is a medical professional). Apparently because of their age it costs 60,000AUD each to get residency - 120k for a couple. This is the kind of thing that is propping up a weak economy - capital inflows from migration. Not just from visa fees but the capital they bring with them. I recall reading an article in the year where it stated Australia has the most millionaire migrants in the world (that is net, not per capita). It's why immigration levels is a taboo topic and no major political party will touch the subject. The Australian economy is in terrible shape and turning off the migration tap may trigger a deep recession.
  13. I would like to be abducted by perky young cheerleaders but hasn't happened yet!
  14. The only thing that could drive a boom is massive influx of capital (unlikely? who knows) or China/central banks stimulus (they've done it before). Maybe a world war would be a positive outcome economically if Australia was not directly involved (safe haven, provider of supplies, etc.). IMO the country is already in recession regardless of what statistics are being trotted out by government officials. The macro indicators out of China are not positive either. It sounds like the banks have essentially brushed off the Royal Commission so they may get back to their old habits if left unchecked... that may provide additional stimulus. The AUD continues to tank, I'm actually on the positive side of holding Russian Rubles! Good thing I'm holding USD and XAU too. I know I'm an old fart, but remember when gold was less than $1,000AUD/ounce - it is now $2,200. A crack-up boom is possible, but I think she's dead, Jim!
  15. Who knows. Perhaps in this area of Brisbane.
  16. Thanks zaph. So - bubbly boom time ahead again? What's your take on the future of the Aussie economy? The previous bubble was driven by a mining boom and an impulse response to record low interest rates. What could drive the next housing bubble?
  17. I've noticed an uptick in my area recently. More old listings being sold and new ones selling quickly. Not yet sure if there has been an increase in prices though. https://www.news.com.au/finance/real-estate/brisbane-qld/spring-swing-underway-in-brisbane/news-story/dc29ff62486d11c431c771eedda3589b
  18. BTW, zaph - how is the Brisbane market now? I’m thinking about buying a place in the next few years. Just a cheapie inner city unit.
  19. It is not just tor, it seems everyone has been abducted.
  20. Looks like Tor has been taken by a band of ninjas. Must have left is bayonet at home...
  21. Hi medved, cant seem to answer on the topic, or maby im just too blind to find the button?
    Can you post this answer for me?

    Sure let them make the next Asian WEC in Australia :)

    Yeah i seem to have some talent as a hedge fund manager. Im doing pretty much just that since 8years now. Plan on retiring in 2023 and start a family :)

    Heres a nice snippet from the blog: "The next technical support lies at the 10400 level and the next Monthly Bearish lies down at the 10500 zone. Indeed, the Quarterly Bearish is also at the 10500 zone and when we look at yearly support, this is the primary area - 104-105. A closing below that at year-end and we will see the Euro retest the historic low of 8230."

    quarterly 1,05 and yearly 1,04 eurusd after that....look out below.

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