Comments
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BPthat head tilt......difficult to watch
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JLGreat interview! Will there be a transcript for this?
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NTThis '8 to 9' times income is not true, I'm afraid. Under APRA pressure we have dialled back from 4.5 to 3.5. and lower Loan to Value ratios too.
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BEI had to tilt my head watching
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AC"more sellers than buyers". US stocks are the most under-owned going back to '99. Who will be sellers? http://www.gallup.com/poll/190883/half-americans-own-stocks-matching-record-low.aspx
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ACOn default, Australians still owe the money to the banks; Can't walk away from the loan (v. different from the US). So how will that playout, c.f with the GFC and abandoned suburbs in Detroit, etc..?
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JFSo Great to see some Aussies talking about our economy. Cant wait for Gerard Minack too.
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SBI'm originally Australian and was there last month. I too was astounded by the public's conviction that this could never happen in Australia.
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SBOne of the best interviews I've seen. Lindsay David's book/thesis is similar. Please have him back! He is a great thinker.
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lmThat psychologist he quoted was actually Tolstoy. That's the first sentence from Anna Karenina if my memory serves me right.
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SBExposure to capital intensive assets is critical in the global deleveraging regime. Return of price discovery in the bond and equity markets.
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NSSo the big 4 Aussie banks could all fail when the housing market falls. They are collectively too big for the government to save. So.... what happens?
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WEBased on all the prior comments, I must apologize for the redundancy...But, great presentation: clear, focused and very insightful. Get him back on before the end of the year.
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AEAustralian property only goes up...we're different just you wait and see! Great interview, this is the sort of perspective our media in Aus would never report unless to belittle it. Quite a pity.
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MCGreat interview. Enjoyed the discussion on Australian property. There is massive survivor bias in that market and good reasons to be worried.
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RAInteresting local perspective. As suggestion: Would be good to hear more Germans, Dutch, Spanish, Chinese, Japan about their local economies
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ADQuestion for Michael. As this crisis hits its peak, will the capital markets operations function? Will they be open for business? Where do you hold your "cash" to buy on the other side of this?
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SSgloommy, but well articulated. i think ill just end myself. those dumb bankers! I wish hayek was alive to buy gold for me.
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CY*Insert graphic of mind being blown. Awesome interview
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RAWho knew? You go Down Under to get Above the fray thinking! Oh, and for all the head/neck observers---that's how a turtle holds the head when going back into the shell. Top 5% of all RV so far, IMO.
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RFso where do we hold cash that does not get bailed in?
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PSLoved it! Should definitely have him back on in the future
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BBSuper discussion. Mortgages (death grip) at 8x salary is insane- see Ireland in 2000s. Short Australian banks e.g. CBA and ETF providers e.g. BLK when timing is right!
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CBVery cerebral
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SDThe Australian Financial Review has a great piece on the Jontathan Tepper report. It's called "Man behind big Aussie short, Jonathan Tepper, labels critics 'brain dead'
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KBAs an Australian I loved the discussion about the Aussie housing/banking sector.
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KKGreat interview, Grant, shame on you...tell the poor bloke to hold his head up straight! Big Short part Deux! For this founding subscriber, central bank hubris is no longer a surprise.
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TSCentral Bankers have too much hubris to watch this.
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EKThis kind of interview has me wondering what central bank employees think when they watch this. Would love to know how many - if any - subscribers there are at the FED/ECB/BOJ. Worried it's < 10.
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JSAnother enthralling discussion with so much to think about.
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RPThe conclusion is cash is king Gold is the Queen Utilities is the Prince Wait for the crisis then hold your Gold and deploy your cash RealVision has given me more clarity and confidence
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JGVery intelligent interview. Makes RealVIsion TV my favorite viewing.
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ELI found a great deal of value and insight in Michael's analysis. Would like to see him as a regular.
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DHRV you are getting near - NZ I mean - Come visit. Grt to hear an Aussie. re housing/banks. Need to digest the rest again, heady stuff. I invest in Aust, so waiting for Sydney interview.. Gold miners?
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SBUncited quote in the beginning is from Tolstoy, Anna Karenina
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PHErnest Hemingway not Mark Twain.... Just saying. Otherwise very good, the lucky country running out.
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SSWell spoken, wife loved his hair, fixed the crook in his neck and presented answers to Grants excellent questions important to all. Thx Mate!
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LAExcellent! Another housing crisis that will affect banks who hold the mortgages. Sell ETF's & mutual funds: lack of liquidity. Trade by the Twain quote. All losses start out small then grows quickly
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psSome breaks in the sound. Overall very good.
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DBGreat AU perspective!
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TFHave him back!