Hi Bendigo, Most of the info in the conference is stuff you read every day and daily reckoning covers most. It was good to hear the guys speak and they did well. The speech by Nick Hubble the 24 year old was so well presented and the issues and clarity in the way he presented them was refreshing. Basically his premise was common sense ie for each seller you must have a buyer in anything and if salaries decrease and interest rates increase the amount someone can pay decreases. The important part was he is 24 so understands youngsters. He is in the thick of Melbourne youth and technology. Young people do not want the big house long drive cars and have no interest in shares. The money borrowed and put in market from super is huge. When it turns the price will decrease FAST. His talk is definitely worth the DVD. The other issue was basically how computers are going to decimate large parts of out labour force - retraining and less people working are needed. This will disempower a large group of people and increase social costs. Will have to see what today brings S Das is an excellent speaker. I was in Melbourne anyway so think it was worth my $640 made me think and probably will decrease my interest in the market, it is too dangerous. Im not sure there is anywhere where you can place your savings bonds metal housing shares etc are all going to drop. Interesting also the big American Buffet is getting out of paper and into railroads oil tangibles. The oil issue is probably the most dangerous and oil at $200 per barrel looks VERY close. Amazing how 2/3 rd op the world population lives in a small circle near us! Enjoy the day guys back to Perth tonight.
