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gozinsa

4,000 Posts.

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07/09/18

08:44

Post #: 35458889
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Originally posted by Skol ↑

A primary school student can work out that debt doesn't matter as long as the underlying asset is increasing in value.

It's only when it goes the other way that debt can become a problem and there's no sign of that where I live. Yes, property's levelled off in the cities but there's huge demand for residential, industrial and commercial property, so it looks as if goldbug fantasies of worldwide economic ruin and endless crashes are falling on deaf ears.

10,000 tradies wouldn't even make a dent in the demand for property around here, in fact the conundrum is, they want to bring in tradies, but there's nowhere for them to live.

Your hero Peter Schiff bangs on almost every day about debt and huge crashes, but anyone with an ounce of brains has worked out that he's just a conman and a grifter.

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So your tactic, whenever your investment advice is wrong, is to point to some example, somewhere on the planet, at some particular time where you happen to be right? You're a slippery little troll aren't you?

Last edited by gozinsa: 07/09/18
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