Originally posted by Nat R:

I also have a porblem with what he pushes…if some poor sod thinks they can beat the options market after doing a weekend course then they are a chicken walking into KFC.

Having already plucked itself and brought along an axe, chopping block and ingredients for the stuffing. HAHA

wayneL’s Trading Pages

Originally posted by Techno:
No, I do not see a recession yet, for the rest of this year (but I could be wrong).

I agree with you Techno, It won’t begin this year. Sentiment is still very strong for the reasons you rightly point out.

I’m looking further down the track. Maybe not even 2006, I don’t know. But the UK is already starting to fray…[Read more]

Good posts all.

Can anybody smell a recession coming on?

Cheers

wayneL’s Trading Pages

It’s a view that’s gaining momentum around the world.

I have always thought it a strong possibility and have organised my affairs for that contingency.

Cheers

wayneL’s Trading Pages

Getting to the bottom of this is actually quite difficult as the Fed is a private corporation as are the various district reserves, and not subject to the reporting of major shareholders like a public company. They are ideed registered as private corporations though.

On the one hand there are the sneering and satirical mainstreamers who…[Read more]

Originally posted by Nat R:
Wayne L…the group of banks that control (but don’t own) the Fed are essenatilly the reserve banks of the various US districts which in turn are owned by the Goverment. Anything else you hear is pure rubbish being pedalled by morons (see below)

Redtim: your comments aren’t even worth answering.

This is something…[Read more]

Originally posted by Nat R:
Here is the home page from the first link you have posted…seriously, how much dope does one person have to smoke before they start to believe this crap??

http://www.relfe.com/index.html

As for the 2nd link…the person who wrote that bullsh1t should refrain from drinking the bong water…it is absolute fiction and…[Read more]

Originally posted by westan:
Hi steve

My comments are slightly off the topic but here they are.
i “retired” in 2003 when i was 39 years old, thanks to the rise in the property markets in OZ and NZ. My retirement plan was to move to NZ for a year to enjoy the beautiful country and dabble in the property market, at the same time i wanted to use…[Read more]

Agree with dazzling.

I don’t shirk away from telling people what I do. Only a few people view traders as inveterate gamblers, but most are genuinely interested and great conversation develops.

Go ahead and tell ’em.

Cheers

wayneL’s Trading Pages

Originally posted by westan:
Hi Wayne and Bardon

i have just come home from 8 weeks in the USA, this was my 3rd trip in 6 months. One thing that really stands out to me is the diversity of prices in the USA. There are cities on the west coast like LA which are really high as are New York City and many of the East coast cities. Yet there are…[Read more]

Originally posted by uforia:
Sorry bit off topic and not sure where to post this, but thought you guys would know. What is a good beginners guide to trading shares? But not just a beginners guide but also covers more advanced things, taxes, Australian etc.

Sort of like a all-in-one handbook about shares eg. The Property Investors Handbook which I…[Read more]

First Greedscam, then Volkers, now the third Federal Reserve Governor, Donald Kohn, has come out with warnings…

http://www.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh70746_2005-06-15_12-35-26_wat003272_newsml

“The risk of rapid adjustments and unusual configurations of asset price movements is higher than normal,” he said in…[Read more]

June 12, 2005 Real Estate, the Global Obsession By STEVE LOHR

THE housing market in California may look like a textbook case of superheated “irrational exuberance,” but then how does one explain Spain?

Home prices there have risen 130 percent since 1997, twice the run-up in the United States.

These days, house price vertigo is more than a local…[Read more]

More grist for the mill…..

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/06/14/cnrics14.xml&menuId=242&sSheet=/money/2005/06/14/ixcity.html

RICS sparks fear of housing crash
By Malcolm Moore, Economics Correspondent (Filed: 14/06/2005)

Almost half the country’s chartered surveyors reported that house prices were falling in May,…[Read more]

Originally posted by Dazzling:
So now that you have been made aware of this fascinating information – what do you intend on doing with it ?? And how specifically does it integrate with the tiny portions of real estate that you actually own ??

I’d really be interested in your answer as I personally don’t see any connection. How does it affect…[Read more]

Originally posted by wezwaz:

Just to round out the current discussion, here is an example I can relate to:

Since I understand the mechanics of trading options, I could put together a seminar including all the glossy hype to suck people in. I charge participants $5,000 a head and get conservatively 100 to turn up. I walk away with $500,000 gross…[Read more]

Volcker: U.S. Economic Crisis Imminent
Friday, June 10, 2005

Former Fed Chairman Paul Volcker said he doesn’t see how the U.S. can keep borrowing and consuming while letting foreign countries do all the producing.

It’s a recipe for American economic disaster.

On Thursday the Wall Street Journal reported bluntly that “Mr. Volcker thinks a…[Read more]

Originally posted by The Mortgage Adviser:
Originally posted by pelican:
Boy did you get grumpy all of a sudden…..

Not grumpy at all. I just think people are walking around with blinkers on if they think we have freedom in Australia.

Try walking down the street naked or taking a leak on a tree (which is common in the bush).

The only reason…[Read more]

Originally posted by Still in School:
any money.. and had this talk over and over with many people…

we will see the biggest crash, recession, depression in all history occur in 2010 – 2011… (pretty much in that one year..)

anyways.. im happy to bet anyone that, that year we will experience the crash.. as most days, im dreaming and planning…[Read more]

Geez what a treasure trove of ideas this place is!

I know where I’m coming if I ever want to start a new business…..hmmmm come to think of it, I AM. Will be back when the idea is better formed.

Good luck with the venture Rob!

Cheers

wayneL’s Trading Pages