This Debt Crisis was always going to happen with or without the virus, all it did was speed it up... just way to much record high Government, Corporate and Private Debt... with every boom comes a bust! even if Australian real estate falls by 50% it will still be over-valued compared to average yearly incomes and wages... we will be a repeat of what happened in japan in the 80's / 90's and have decades of slow growth and recovery
Top interview because he was allowed to speak without interruptions. Great insight from a professional portfolio manager. A lot of value from this video.
I’d expect average wages to decrease instead of remaining stagnant due to higher demand per vacancy. This too should impact house prices and rental yields
My mum is an investor in our income fund! If you jump on our site at portal.nucleuswealth.com and go through the process you can see our portfolio (as of a few days ago) for different risk profiles.
What if housing was made a basic necessity like water and electricity, and provided on a similar model like that of Singapore? Wouldn't that make life easy for a lot of people in Australia and spur consumption in other areas by freeing up cash in hand? Real estate investors with negatively geared properties will be up in arms though!
i bought a house 6 months ago for 1M. with a 5% downpayment. if house price drops to 800K. I guess it's better off for me to walk away and lose those 50K and few months of payments i made on it then stick in with no job and debt to my eyeballs.
tyndni Go for a private treaty sale ASAP Get out while you can while shock is still in play and the vultures come to pick the bones. (Meant for original poster)
It's not a stimulus. It's just to slow down the crash and to make sure people don't starve and things don't move towards social unrest. And yes, they are going to have to do a whole lot more.
He didn't call the crash, he called a correction based on supply and demand issues... I started shorting stocks at the end of February based upon Corona virus causing a pandemic, not graphs
Hi Anza, Damien runs a podcast every week discussing recent events in finance/economics that you can find on our channel - comparatively bare-bones production though
Hi Luke, this is Damien Klassen of Nucleus Wealth. He runs a podcast every week discussing recent events in finance/economics that you can find on our channel - comparatively barebones production though
End of cycle Or Cresting the top of the cycle? The real question to be answered would be ..where is the BOTTOM of the cycle? And how many are going to survive. Folks like us can ask. Guys like you... provide the actual answer
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This Debt Crisis was always going to happen with or without the virus, all it did was speed it up... just way to much record high Government, Corporate and Private Debt... with every boom comes a bust! even if Australian real estate falls by 50% it will still be over-valued compared to average yearly incomes and wages... we will be a repeat of what happened in japan in the 80's / 90's and have decades of slow growth and recovery
In reality, it can go down by 80% from the high.
Ron Broomhall. the worse thing is the government will be so stressed they will all have to have a pay rise
Great insights, thank you Damien. I'll be sure to draw my viewer's attention to this video. Economy Times channel is officially a fan!
I m a fan of Economy Times.
@@ravishmaithani1633 Same here....
Came here from your video
Livewire- can you please more in depth videos such as this? And also appreciate the quality of the guest 👏🏼👏🏼👏🏼
Yes, longer videos are very engaging
Don't be carried away. Stocks to lose another 25 per cent. Govts might buy stake in major companies by printing cheap money.
Top interview because he was allowed to speak without interruptions. Great insight from a professional portfolio manager. A lot of value from this video.
Amazing content. I am sure Damien won a few fans after this - me being one of them! Thanks Damien and Livewire team.
Me too. Great content!
Another 30 to 40% down for shares. Same with houses.
Great video, thanks Livewire and Damien!
Next time I'd suggest leaving timestamps for videos this long :)
Great viceo, one of the best I've ever seen, big thanks to Damien and Livewire.
Excellent. IMO this will go on though a lot longer, 12 to 18 months, until a vaccine is found.
I’d expect average wages to decrease instead of remaining stagnant due to higher demand per vacancy. This too should impact house prices and rental yields
Great insights and interview!
So much to learn from a professional portfolio manager. Thanks Damien and Livewire
Thanks for the feature, turned out great!
Someone get this man a glass of water.
Hi Damien, if you had to buy 10 stocks for your mum on the ASX this month, what would they be ?
My mum is an investor in our income fund! If you jump on our site at portal.nucleuswealth.com and go through the process you can see our portfolio (as of a few days ago) for different risk profiles.
Kensian economics should be made illegal and the gold standard brought back and made permanent when this financial system finally crashes for good.
@Bill "Kensian [Keynesian] economics..."
What if housing was made a basic necessity like water and electricity, and provided on a similar model like that of Singapore? Wouldn't that make life easy for a lot of people in Australia and spur consumption in other areas by freeing up cash in hand? Real estate investors with negatively geared properties will be up in arms though!
If you keep calling eventually you will get it right. Even a broken clock gets the time right twice a day.
Brilliance!!
Cannot “catch this falling knife”
i bought a house 6 months ago for 1M. with a 5% downpayment.
if house price drops to 800K.
I guess it's better off for me to walk away and lose those 50K and few months of payments i made on it then stick in with no job and debt to my eyeballs.
Sorry to hear. Might want to get out now while you can sell for 950k
tyndni
Go for a private treaty sale ASAP
Get out while you can while shock is still in play and the vultures come to pick the bones.
(Meant for original poster)
I think he means he has yet to settle
We can afford amuch more expensive house than we have but I would rather sleep well at night.
Make your goddamn mortgage payments, and be thankful you have a nice roof over your head.
Late April early May predictions Dow Jones 12.500
sNP 1526
Nasdaq 5900
Hoover E Londoño
Marco 27 2020
It's not a stimulus. It's just to slow down the crash and to make sure people don't starve and things don't move towards social unrest. And yes, they are going to have to do a whole lot more.
Agreed. We were talking this morning internally about making sure to say "support" rather than "stimulus"
He didn't call the crash, he called a correction based on supply and demand issues... I started shorting stocks at the end of February based upon Corona virus causing a pandemic, not graphs
good to see and hear from u from this unexpected source and chaotic time. best wishes
Very optimistic on the the 3-6month time frame. The 1918 Spanish Flu epidemic was nearly 2 years.
Thanks for the info Damien Klassen. I found it to be great "value" ;-)
It’s interesting to listen to what Damien has to say! I am sending him my best regards from Germany
Hi Anza, Damien runs a podcast every week discussing recent events in finance/economics that you can find on our channel - comparatively bare-bones production though
I'm not an investor. But I have an Interest, is there any more video with the man talking? (sorry don't know his name.) I like videos like this
Hi Luke, this is Damien Klassen of Nucleus Wealth. He runs a podcast every week discussing recent events in finance/economics that you can find on our channel - comparatively barebones production though
at least until the second wave of infections, I want to see -90% before buying anything.
You said banks borrow short and lend long... I guess this is right but in theory should not work!!
End of cycle
Or
Cresting the top of the cycle?
The real question to be answered would be ..where is the BOTTOM of the cycle?
And how many are going to survive.
Folks like us can ask.
Guys like you... provide the actual answer
So yeah...big change coming...no more passive BS...
Great piece, certainly learnt from it!
This was very useful info
The stimulus measures so far are going to inflate daily consumables, bolster the banks, and postpone the pitchforks.
Damien please stage a coup and replace Recessionberg. LVO for PM?
slow down.
COVID 19 was the fuse debt was the bomb. All things are only worth what someone is willing to pay. I'll trade you a toilet roll for your hamburger.
How to keep house prices up? Get the government to pay off everyone’s loan. It’s about time something comes to the little guy.
Man wearing cheap shirt with bent collars tries to tell us how to make money on the stock market. Yeah, sure.
Judge his words not his wardrobe. Can't comprehend what he is saying? Go watch the suits on CNBC
Dont judge the book by its cover!
Yeah, keep listening to people in $10,000 suits...look where that's gotten us.
Sad that it was the only thing you could get out of this valuable video.