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"The 80's""The GFC"LOL, what year are you in?

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y0jimbo

1,022 Posts.

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24/08/23

09:22

Post #: 69517456
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Originally posted by Bunn-Wackett: ↑

we’ll see.

all I hear are punters expecting the bubble of everything to keep on keeping on. exactly like before the GFC, everything was fine until it wasn’t and banks collapsed. Anyone remember the valuations of tech companies before the dot bomb crash? PE’s of 500 weren’t uncommon. Stocks in the market for 5 minutes with ridiculous market caps.

bubbles burst and this housing bubble has put property valuations at ~12 times average wages compared to 3-4 times in the 80’s and we expect that to keep on going?! that defies logic… unless the government is happy to sell Australia lock, stock and barrel to overseas investors?

all booms must bust

look at the unprecedented debt and the high interest rates charged to service that debt, the FED for instance committing to 2% so interest rates will be higher for longer… DEBT!

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"The 80's"
"The GFC"

LOL, what year are you in?
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