Steven Keen is back - so everything is going to be okay

Discussion in 'Property Market Economics' started by Lizzie, 28th Oct, 2018.

Join Australia's most dynamic and respected property investment community
Page 1 of 6
  1. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,627
    Location:
    Planet A
    Lizzie, 28th Oct, 2018
    #1
    House and Perthguy like this.
  2. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Perthguy, 28th Oct, 2018
    #2
    wombat777 and Lizzie like this.
  3. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.
    I'm glad the Steve Keens of the world exist. They mislead the sheep while the wolves take advantage of their stupidity . It's just another reason why the clued up can gain a substantial edge with real estate investments.
     
    Sackie, 28th Oct, 2018
    #3
    Propertunity, Perthguy, Lizzie and 3 others like this.
  4. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,171
    Location:
    03 9877 3000
    If Steven Keen is saying everything is going to be okay, it's probably time to prepare for the apocalypse.
     
    Last edited by a moderator: 29th Oct, 2018
    Peter_Tersteeg, 28th Oct, 2018
    #4
    MikeyBallarat, Whitecat, Propertunity and 8 others like this.
  5. Buynow

    Buynow Well-Known Member

    Joined:
    22nd Oct, 2018
    Posts:
    189
    Location:
    Sydney
    Steve keen has called all ten of the last two property corrections.

    Good chance of him being right this time
     
    Buynow, 28th Oct, 2018
    #5
    MikeyBallarat, Hetty, TMNT and 3 others like this.
  6. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    I would like to see Keen go up against Tony Robbins, one on one for half hour.

    It would be like Chuck Norris going up against Bruce Lee. The master vs the wannabe! Yeeeya, chop chop!
     
    datto, 28th Oct, 2018
    #6
  7. Lizzie

    Lizzie Well-Known Member

    Joined:
    9th Jul, 2015
    Posts:
    9,627
    Location:
    Planet A
    And the winner takes on MacGyver :)
     
    Lizzie, 28th Oct, 2018
    #7
    charttv and datto like this.
  8. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt

    Now that's enough BS for one thread!
     
    datto, 28th Oct, 2018
    #8
    Lizzie likes this.
  9. Tattler

    Tattler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,067
    Location:
    Sydney
    Mate that was done a loooong time ago .... Bruce Lee won!

     
    Tattler, 28th Oct, 2018
    #9
    Whitecat, Morgs and datto like this.
  10. Tim86

    Tim86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,818
    Location:
    Brisbane
    Theres a chuck norris calling a housing crash joke somewhere here... I cant quite put my finger on it though.
     
    Last edited: 28th Oct, 2018
    Tim86, 28th Oct, 2018
    #10
    datto likes this.
  11. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt

    That's the colloseum in Rome.

    I once had a plate of spags nearby.

    When the two disrobed I was praying its not a love scene.

    Chucks got more hair on his body than an Alaskin sheep dog lol.

    He's still kicking. He must be 3000 years old by now lol. About the same number of times Bruce cracked his bones in warm up.

    Chuck gets the upper hand in the beginning and then Bruce does him like a dinner. Chuck then lives on to become a Texas Ranger.
     
    datto, 28th Oct, 2018
    #11
  12. Rex

    Rex Well-Known Member

    Joined:
    12th Feb, 2018
    Posts:
    1,009
    Location:
    Perth
    "Every few months, the media finds someone who’s willing to stick their necks out and offer a property market doomsday scenario... It’s the property version of women’s magazines telling us Jennifer Anniston is pregnant again or Prince Harry and Megan are having a baby."

    But Megan IS having a baby. Uh-oh...
     
    Rex, 29th Oct, 2018
    #12
    Lizzie likes this.
  13. skater

    skater Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    10,282
    Location:
    Sydney? Gold Coast?
    Well, I'm not going to waste an hour of my time listening to Steve Keen. I hope he's enjoying his rented accommodation, BTW.
     
    skater, 29th Oct, 2018
    #13
    qak, Sackie, kierank and 1 other person like this.
  14. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,415
    Location:
    Gold Coast
    I am with you.

    I have wasted enough of my life listening to his predictions, reading his forecasts, ... only to find out that they were utter bull ****.

    In the early days, I had huge respect for him as he is an academic. Not wasting my time now.

    I get all of my predictions and forecasts from my tea leaves :eek:. My experience to-date is they have been just as accurate as SK ;).
     
    Last edited by a moderator: 29th Oct, 2018
    kierank, 29th Oct, 2018
    #14
    skater likes this.
  15. TMNT

    TMNT Well-Known Member

    Joined:
    23rd Jul, 2015
    Posts:
    5,572
    Location:
    Melbourne
    Opinions are like *******s....
    Everybody has one
     
    Last edited by a moderator: 29th Oct, 2018
    TMNT, 29th Oct, 2018
    #15
  16. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
    Do you mean Deepak Chopra? :p
     
    Propertunity, 29th Oct, 2018
    #16
    Bender12 and datto like this.
  17. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,059
    Location:
    Vaucluse, Sydney.

    omg...:eek: please stop saying things like that in front of me...otherwise I may be forced to downgrade our high status friendship...:confused:
     
    Last edited: 29th Oct, 2018
    Sackie, 29th Oct, 2018
    #17
    kierank likes this.
  18. Safe As Houses

    Safe As Houses Member

    Joined:
    29th Oct, 2018
    Posts:
    18
    Location:
    Sydney
    Are you all attacking the man or the message? Perhaps you're upset at what he has to say? house price fall.png
     
    Safe As Houses, 29th Oct, 2018
    #18
  19. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,171
    Location:
    03 9877 3000
    Being an 'academic' is usually a big alarm bell for me.

    Using Steven Keen as an example, his theories and predictions stack up quite well based on the data he uses. The problem is the data is limited and ignores a lot of things, but most importantly the theories are built within the boundaries a bubble. They have no model for how the external factors will respond.

    When property prices didn't crash in 2008, he said it was because the government intervened with stimulus packages and rate cuts. If he was able to predict that the economy was going to have problems, why didn't he take the next logical step and factor in how the governments response to the problems would influence the outcome?

    Academics are notorious for ignoring what the real world will actually do in most situations.
     
    Peter_Tersteeg, 29th Oct, 2018
    #19
    Toon, Sackie and kierank like this.
  20. Safe As Houses

    Safe As Houses Member

    Joined:
    29th Oct, 2018
    Posts:
    18
    Location:
    Sydney
    How could anyone have seen that coming? Hindsight and all that.
     
    Safe As Houses, 29th Oct, 2018
    #20
Page 1 of 6