Thoughts on Nathan birch's 2018 recession theory

Discussion in 'Property Market Economics' started by Frank M, 27th May, 2018.

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  1. Frank M

    Frank M Well-Known Member

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    What are everyone's thoughts on a recession in late 2018, and the magnitude his saying it will be bigger then the GFC more like the great depression in 1929?
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I wouldn't waste my time watching that.
     
  3. TMNT

    TMNT Well-Known Member

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    Opinions are like...............
     
  4. Biz

    Biz Well-Known Member

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    The financial system is going to collapse but the **** he helps you find in the boonies for 10k a pop will still be good.
     
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  5. Sackie

    Sackie Well-Known Member

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    Wealthy or not, he sounds completely uneducated .
     
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  6. Frank M

    Frank M Well-Known Member

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    Last i heard its now 13k a pop haha
     
  7. Frank M

    Frank M Well-Known Member

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    Completely agree does not sound like an educated man but in terms of his predictions on the coming recession?
     
  8. Biz

    Biz Well-Known Member

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    Look, just shut up and buy my ****, ok? Here, open wide, there you go.
     
    Last edited by a moderator: 4th Jun, 2018
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  9. datto

    datto Well-Known Member

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    The guy is an absolute genius. I listened intently to that clip.

    The parts I liked was when the F word was thrown around and that bit where he said " you got yor head buried in the sand you're likely to cop it in the rear" ROFL

    The rest just didn't make any sense lol.
     
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  10. Frank M

    Frank M Well-Known Member

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    hahahao_O
     
  11. Frank M

    Frank M Well-Known Member

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    lol yep
     
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  12. TMNT

    TMNT Well-Known Member

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    I havent nor will watch it. But maybe he is appealing to the general population
     
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  13. Sackie

    Sackie Well-Known Member

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    No idea, I don't have a crystal ball and economists are notorious for having no clue either . I'll just keep investing responsibly within my risk profile .
     
  14. skater

    skater Well-Known Member

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    Nathan Birch, the great economist? :eek:
     
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  15. highlighter

    highlighter Well-Known Member

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    I've only seen a few of his videos, but really they're all just been thought vomit. I'm not saying a large economic crash isn't possible, because they're not infrequent, but if it ever happens it won't be because this guy picked it. Being a successful apartment developer doesn't make you an economist, and from what I hear this guy struggles to manage his own finances.
     
    Last edited: 28th May, 2018
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  16. hammer

    hammer Well-Known Member

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    If I was heavily invested in crypto....the one thing that would really help my investments would be a flight to crypto during a major recession.....or even just the fear of a minor recession.

    Just saying...
     
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  17. Frank M

    Frank M Well-Known Member

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    good point!
     
  18. Trainee

    Trainee Well-Known Member

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    Would you hold lots of property if you thought a depression is likely?
     
  19. Sackie

    Sackie Well-Known Member

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    Well for me, I wouldn't be fire selling. That's for sure .

    And I don't see a depression as likely.
     
    Last edited: 28th May, 2018
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  20. Frank M

    Frank M Well-Known Member

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    Well thats kinda where his saying his going to create a massive amount of wealth, claiming we will go through a property deflation phase then eventually a hyperinflation and stating that property will get inflated away with yesterdays loan

    I dont believe everything i hear but do like to get everyones point of view, to see how i would cop in that situation