Walk The World Forecasts for 2022 were wrong, so wrong, so what about 2023? Perhaps it is not about being right, but more about marketing? So, in that context, are forecasts worth the paper they are written on, and should anyone care?
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1st . I Think ?
The reason economists exist is to make fortune tellers look good.
A new week
Of course low interest rates causes high inflation. Just looked at Japan. Their interest rates have been so low for so long they must have massively high inflation. Right???
Very good, Martin. Thank you. It's always good to hear a logical explanation on the cause of inflation.
Martin, apart (obviously) from housing data, this is the most honest post you, and perhaps anyone, has done since the GFC. Thank you, mate
One forecast that is based on both geology and data: Global supplies of energy commodities will continue to tighten, except for iron and aluminium ores, most geological commodities, phosphorus, potassium, copper nickel etc., will also tighten in supply. To the point that supplies of food and energy will be short of that required to support the current population to 2100.
It’s more about casinos than markets.
They have proven that economics and markets were always 100% sociology, not science.
Yahoo finance posted article 14/12 Wespac warning of increased interest rates in 2023 and that it will impact some of thier customer. One intresting line was :We are prepared for this cycle given the quality of out loan portfolio and the strenghth of our balance sheets /profits.
How can the bank say they were prepared yet Philip Lowe turn around and say this was unexpected?
Merry Christmas Martin all the best
Pumping money into the economy fuels inflation then deflation must occur but inflation will continue upward. It's that simple however, I don't see central banks easing rates and wages need to rise this by definition keep blowing up the bubble. The bubble is larger than 1945 so if its to be let down through interest hikes, inflation will keep going up.
Yep , too many unknowns to make realistic predictions . Black Swans around every corner 🙈 , best to hide under the blanket until there is clarity ! 🤷♂️
I recall that Roger Brown had forecast a demise in 2022 plus higher interest rates, and boldly called as such. They don't make em like that anymore, May he RIP🙏.
My forecast for 2023: Nuclear Armageddon and all markets revert to zero.
Thanks Mr. Martin. How will Tory Liberals deal with the Great Reset if there is little room for Spruiking and Envy…we wait in anticipation let me tell you!
Can you replace that black thumb tô like the video at the beginning as you're not black? Thank you
“Nobody knows if a stock is going to go up, down, sideways or in fucking circles, least of all stockbrokers, right? Fugayzi, fugazi. It's a whazy. It's a woozie. It's fairy dust. It doesn't exist. It's never landed. It is no matter. It's not on the elemental chart. It's not fucking real.”
Mark Hannah, Wolf Of Wallstreet.
Sometimes marketing is so evil amd manipulative
I’m at the bank.I have 50 thousand in super and want to borrow 700 hundred thousand to buy gold. No chance son … but we will lend you the money on realestate.
TAKE A BREAK MARTY! HAVE A ICE COLD VB AHHHHHHHH CHEERS!