"Biggest crash in world history" -- screening this October

Discussion in 'Property Market Economics' started by Sackie, 4th Oct, 2021.

Join Australia's most dynamic and respected property investment community
  1. boganfromlogan

    boganfromlogan Well-Known Member

    Joined:
    10th Jan, 2017
    Posts:
    3,332
    Location:
    Brisbane
    Oh God!! I would like to sell just before the end of days, hope to avoid CGT. Do they have CGT in heaven .... or the other place?
     
    Hamish84 and KBHV like this.
  2. LROB

    LROB Well-Known Member

    Joined:
    1st Jul, 2021
    Posts:
    343
    Location:
    Vic
    They'll do everything they can to avoid the meltdown. However its likely to be unavoidable unfortunately.

    They'll raid Taiwan for the semi's pretty soon, if the west lets them that might stall the collapse temporarily.
     
  3. Gen-Y

    Gen-Y Well-Known Member

    Joined:
    8th Nov, 2015
    Posts:
    3,770
    Location:
    Brisbane - Sydney
    I am always very suspicious when new member come on forum and making huge claims about a certain topic - almost like you are believing your own voice.
    Try your luck here - Maybe you can have believable crowd at another forum called Whirlpool.net.au

    • Joined:
    • 1st Jul, 2021
    • Posts:
    • 87
    • Location:
    • Vic
     
  4. GreenTreeFrog

    GreenTreeFrog Well-Known Member

    Joined:
    21st Oct, 2015
    Posts:
    216
    Location:
    Sydney
    We are getting closer to Evergrande's D-Day. October 23rd. How much could this impact our stock market?

    This week the teetering Chinese property giant, Evergrande, is likely to formally default on payments on two bond issues. That might explain why China’s central bank sought to play down fears of contagion on Friday.

    On September 23, Evergrande missed the interest payments on two issues of bonds (its missed more payments since) but had a 30-day grace period to make good on the payments before a formal default could be declared.

    China plays down contagion fears as clock ticks on Evergrande
     
  5. LROB

    LROB Well-Known Member

    Joined:
    1st Jul, 2021
    Posts:
    343
    Location:
    Vic
    Its nothing @GreenTreeFrog. Nothing to see here. A nothing burger. ;)

    If evergrande does indeed default, bitcoin 1m is no longer a meme.
     
  6. GreenTreeFrog

    GreenTreeFrog Well-Known Member

    Joined:
    21st Oct, 2015
    Posts:
    216
    Location:
    Sydney
    How will this impact crypto? Apart from the usual volatility.
     
  7. LROB

    LROB Well-Known Member

    Joined:
    1st Jul, 2021
    Posts:
    343
    Location:
    Vic
    Depends. If Tether holds billions of Evergrande papers we might see a large rush out of the stable coin and into bitcoin.

    If evergrande doesn't get a CCP bail out we will see those 'tycoons' race towards bitcoin in attempt to salvage wealth.. as it turns out many are using 'underground' Methods to buy bitcoin right now.

    Only way bitcoin gets shredded is if QE stops, interest rates move up, the worlds equity and asset markets are allowed to 'crater'. At that point (which is starting to look like a fair chance) the only true wealth will be; health, resources, time & the ability to sustain living. The whole 'great reset' narrative is about trapping people in debt to 'control' them. We are in some very strange times.
     
  8. Graeme

    Graeme Well-Known Member

    Joined:
    26th Jul, 2015
    Posts:
    864
    Location:
    Benalla
    We're at the end of October. The Dow Jones and FTSE 100 are at (or close to) 12 month highs, the DAX and ASX peaked in August, and are a touch down. Doesn't appear to be a big crash here. :D

    I'm not sure if we've dodged it, though. I suspect that we'll see one eventually. There's a lot of irrational exuberance out there. Tesla at a trillion dollars, which is more than the next seven or nine motor manufacturers combined, or Rivian being valued at more than Ford or BMW despite not shipping a single vehicle yet...
     
    craigc likes this.
  9. Gav

    Gav Well-Known Member

    Joined:
    28th Sep, 2016
    Posts:
    201
    Location:
    Sydney
    We absolutely will. May be next month, may be 6 months , may be 10 years. Nobody knows. Get a good plan and stick to it. Know what you are going to do when it comes, it will make it so much easier to get through if you have a plan - dont be down 50% and then start wondering if you should cut your losses, add more, just bite the bullet - this is when the big mistakes are made.
     
  10. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,776
    Location:
    ....UKI nth nsw ....
    Looks like we missed the big crash again ..Just wait till we start to go into the above 20% swing range and your down 70 percentage and never sell..
    Just hope Mr Kiyoskis and I do enjoy reading about successful people books sales keep selling..
     
  11. jaybean

    jaybean Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    4,752
    Location:
    Here!
  12. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,035
    Location:
    Vaucluse, Sydney.
    The whole preoccupation with the boom/crash paradigm is a massive distraction from sustainable wealth creation.

    It's no wonder why wealth creation is so difficult for most. The nonsense being peddled on loud speakers is taken hook, line and sinker by so many people. If not consciously, then subconsciously which is even worse.

    The forum has a couple of those folks too.
     
    craigc, Gav and John_BridgeToBricks like this.
  13. LROB

    LROB Well-Known Member

    Joined:
    1st Jul, 2021
    Posts:
    343
    Location:
    Vic
    The biggest crash in the world screening this October feels about right. The markets always 'melt up' before they melt down. I am not convinced of a proper meltdown until ethereum hits $8-14k.
     
  14. John_BridgeToBricks

    John_BridgeToBricks Buyer's Agent Business Member

    Joined:
    25th May, 2018
    Posts:
    2,407
    Location:
    Sydney
    Oil has to get to $200 per barrel at least before the "big" crash. In the meantime, watch the 10 year yield for an uncontrolled spike.

    I've said it before, but this asset price inflation (including real estate) this has a lot more runway to run.

    All of that said, Sackie is right - this is all a distraction. Within your portfolio you should have inflation and deflation hedges in there, and generally if you own real estate you will be fine throughout. The reason for this, is that most economic recessions have the pain taken out on the currencies rather than nominal asset values, because noone notices the slog to your purchasing power, whereas people notice house or stock market price corrections.
     
  15. Hari Yellina

    Hari Yellina Well-Known Member

    Joined:
    23rd Oct, 2017
    Posts:
    483
    Location:
    Melbourne
    October is gone. We are in November now.
     
    charttv likes this.
  16. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    Traveller99 and Gen-Y like this.
  17. jaybean

    jaybean Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    4,752
    Location:
    Here!
    Yup it's old and I only just stumbled across it recently but wow, what a succinct way of explaining the problem we all know about negative attitudes but haven't been able to articulate as well.
     
    WattleIdo, Gen-Y and MTR like this.
  18. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World

    I am a big fan of Pete W, read many of his posts here :)
     
  19. sash

    sash Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    15,606
    Location:
    Sydney
    I am a bear not now but in the next 5 years....when the tide goes out...hold onto your kippahs...stetsons...turbans....Raiders hat..etc..:D:p
     
    LROB likes this.
  20. jaybean

    jaybean Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    4,752
    Location:
    Here!
    Yeah but many of us will be pulling equity when the tide comes in, to prepare us for when the tide goes out. I think many investors here are going to be ready.

    Some won't be, but that doesn't affect me.
     
    Gen-Y likes this.

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia