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05/01/20
21:54
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Originally posted by kingpins
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Hi Forge
We all know that you like to say the boom will go on for the next 200 years but don't you think that a realistic approach is a better way to go as we all want to hear other posters views rather than dogma
Every boom in history has busted, and the longer the boom hangs on the bigger the bust and even more people get hurt as a result
Any type of investment requires you to be "realistic".
Sometimes it is a case of borrow heavily and buy everything you can and other times only buy what you can guarantee to be safe with, sparenly
As politics are in today's world the absolute worse thing you can imagine is in the politicians options and they will instigate such a plan without thought of the consequences
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My father used to tell me about the over confident bulls prior to the last property bear market and recession in Australia. He said there were few of them in the end, but they still somehow made the most noise, even as the warning signs were there for all to see.