darkmarket

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About darkmarket

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  1. darkmarket

    'It's going 2008 all over again.....'

    Not much opposition on that particular issue then. Bit like surveillance really, wherever Conservatives create a bigger role for government, there's nobody to undo it. I don't think there'll be much cooperation, but either way if social housing helps prop up the bubble, we'll get some. Once prices have fallen too, it could still be used to stimulate industry. It just doesn't make sense to build at bubble prices, especially any land acquisitions when there is a distinct '07 feeling in the air.
  2. darkmarket

    'It's going 2008 all over again.....'

    This is just it. The higher price floor pushes people who really shouldn't be subprime to fall into that category and makes the negative equity all the deeper, all quite unnecessary. Haven't heard Labour call for an end to any HTB products, or the Lib Dems for that matter, sadly. Not sure that state manipulation in markets is much of a problem for McDonnell's doctrine either. Given even FTBs are priced out now, no wonder there's suddenly cross-party consensus to build more social housing. Maybe time to go long construction sector firms with a strong trade union culture.
  3. darkmarket

    'It's going 2008 all over again.....'

    Nothing like a ponzi though, of course.
  4. darkmarket

    'It's going 2008 all over again.....'

    Talking about changing it, not removing it altogether.
  5. darkmarket

    The dud Kangaroo bounce thread

    Remarkable how quickly they've come to admit things like this, only a few months ago it was going to pick up again after a quick breather. There's long been a section of Australia that resents the US in military terms, now to face absorbing their bad loans on top of the loss of sovereignty to China is going to be a bitter pill. That explains the Australian banks as the preferred method of shorting anyway.
  6. darkmarket

    The dud Kangaroo bounce thread

    Ah I think it's just a niggling voice in the back of their minds for now, a reality that takes some adjusting too. I don't doubt the horrorshows you must have had the pleasure of meeting.
  7. darkmarket

    The dud Kangaroo bounce thread

    I was wondering if much of the recent Lehman's anniversary coverage hasn't been produced with that in mind. Australians, it seems to me, know very well they're fucked, it's just a question of who does well in the rush for the exits now. As regards timing, the Ireland comparison bears repeating. Everyone is fully aware it's a rerun and yet they all think they can sell before it's too late.
  8. darkmarket

    The dud Kangaroo bounce thread

    Interesting that he chooses banks as the means of shorting. The liar loan figures really are beyond what could have gone unnoticed by government, there must be datasets that contradict the banks' mortgage profiling. Bailouts and more QE could be difficult if there isn't the same international consensus as last time, may have unintended consequences. Won't stop them trying though.
  9. darkmarket

    The dud Kangaroo bounce thread

    Just have a few Australian friends and generally keeping an eye on all the bubbles, as much as each has its own features I do think they're all connected and are ending more or less at once. Interesting in terms of what they say about us as well, not good really. I also like when you get someone who understands the bigger issues but lives at the coalface to tell you what's going on. Bit of a sense of that with the liquidator there, the estate agent just looked like he wanted to get famous enough to keep his Mercedes.
  10. darkmarket

    The dud Kangaroo bounce thread

    Sentiment has most certainly flipped, I think they're a bit ahead of the UK and generally more extreme but it's all one global credit market.
  11. It is an interesting message and delivery, quite the turnaround. I wouldn't be surprised to see the same from the So-Called BBC though, the moral indignation is never slow to appear. There is absolutely no doubt they talk it up and then talk it down and there is no shame whatsoever about the hypocrisy.
  12. Recalls some of the RTE documentaries as the Irish crash began unfolding. In terms of deflation / reflation, not expecting their response to contain signals of what's to come elsewhere but the time is getting closer for them to play their hand at least. The deflation here certainly looks brutal, and the only family case study was with grown-up children. Worse to come once the foreclosures pick up pace.
  13. darkmarket

    The dud Kangaroo bounce thread

    Australian HPI data released overnight, pushing credibility: House price index in Australia dropped by 0.7 percent quarter-on-quarter in the three months to June of 2018, the same pace as in the previous quarter but beating market consensus of a 7 percent decline. https://tradingeconomics.com/australia/housing-index
  14. darkmarket

    Drugged up homeless

    Spice numbs the cold away - if he didn't have a sleeping bag and you had an old one, could be useful coming into winter.