What's with all this doom and gloom about the Australian economy just about to crash like what happened to few of other western economies?
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You've been listening to the press again, the Oz economy is based on China buying minerals, if you think they are going to stop then yup the economy is going to tank. The rest of the economy has already ground to a slow crawl but is still expanding (minimally). I'm just pissed that I have to send my poor miserable Singapore dollar home! I think the AUD is up against all currencies at the moment so someone believes in it!
Never underestimate the power of human stupidity RAH
Mycroft Holmes wrote:
I think the AUD is up against all currencies at the moment so someone believes in it!
Yup, USD1.05 this afternoon. This is making the part of my job as a chemical buyer very hard! Oh, the Earthquake, Tsunami and Refinery fires in Japan have added to the angst.
I don't speak Idiot - please talk slowly and clearly 'This space for rent' Driven to the arms of Heineken by the wife
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I dont see any reason for the Australian economy to falter. Its got massive natural resources which it exports, particularly to China, which was buying up stuff on the cheap while the rest of world was shitting its pants. VEry clever the Chinese, they now have cheap raw materials stocked up for years. You also just defeated the Green party and the lefties, who were keen to bring in a carbon tax that would have stuffed your economy, so well done!
"If climate has not "tipped" in over 4 billion years it's not going to tip now due to mankind." Richard S. Lindzen, Atmospheric Physicist, IPCC "It does not matter who you are, or how smart you are, or what title you have, or how many of you here are, and certainly not how many papers your side has published, if your prediction is wrong then your hypothesis is wrong. Period." Professor Richard Feynman
fat_boy wrote:
You also just defeated the Green party and the lefties
This was only in NSW. The independants still hold the balance Fedarally.
I don't speak Idiot - please talk slowly and clearly 'This space for rent' Driven to the arms of Heineken by the wife
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fat_boy wrote:
You also just defeated the Green party and the lefties, who were keen to bring in a carbon tax that would have stuffed your economy, so well done!
No they are still in power and still determined to stuff the economy.
People are more violently opposed to fur than leather because it's safer to harass rich women than motorcycle gangs
Rod Kemp wrote:
fat_boy wrote:
You also just defeated the Green party and the lefties, who were keen to bring in a carbon tax that would have stuffed your economy, so well done!
No they are still in power and still determined to stuff the economy.
agree, what he said.
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fat_boy wrote:
You also just defeated the Green party and the lefties, who were keen to bring in a carbon tax that would have stuffed your economy, so well done!
No they are still in power and still determined to stuff the economy.
People are more violently opposed to fur than leather because it's safer to harass rich women than motorcycle gangs
In NSW recently. Its a start, it will be national soon. And no Australian is going to stand back and watch the economy get hosed. Australia and New Zealand are kind of in the vanguard of the fight against AGW. Keep it up! :)
"If climate has not "tipped" in over 4 billion years it's not going to tip now due to mankind." Richard S. Lindzen, Atmospheric Physicist, IPCC "It does not matter who you are, or how smart you are, or what title you have, or how many of you here are, and certainly not how many papers your side has published, if your prediction is wrong then your hypothesis is wrong. Period." Professor Richard Feynman
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You've been listening to the press again, the Oz economy is based on China buying minerals, if you think they are going to stop then yup the economy is going to tank. The rest of the economy has already ground to a slow crawl but is still expanding (minimally). I'm just pissed that I have to send my poor miserable Singapore dollar home! I think the AUD is up against all currencies at the moment so someone believes in it!
Never underestimate the power of human stupidity RAH
sorry to hear about your currency situation. :( but kudos sending money back home to oz economy. :rose: yes i'm quite the newshound the past weeks. they say, you don't improve the economy by taxing more those businesses that are doing great but giving tax breaks to those areas that aren't. having said that, i hope that a good portion of the revenue coming from mining gets invested back to australian infrastructure, education and research that will build our country's ip portfolio. so when demand and / or supply goes down for our resources, we have something to fall back on. there's an article in cnn just today about how some of the US cities have property prices still on the decline. i think some of the cities mentioned are seattle, detroit, atlanta and minneapolis. have you ever pondered investing in real estate there? i wonder if it's frowned upon by the locals. i hear a lot about these schemes from property spriukers.
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In NSW recently. Its a start, it will be national soon. And no Australian is going to stand back and watch the economy get hosed. Australia and New Zealand are kind of in the vanguard of the fight against AGW. Keep it up! :)
"If climate has not "tipped" in over 4 billion years it's not going to tip now due to mankind." Richard S. Lindzen, Atmospheric Physicist, IPCC "It does not matter who you are, or how smart you are, or what title you have, or how many of you here are, and certainly not how many papers your side has published, if your prediction is wrong then your hypothesis is wrong. Period." Professor Richard Feynman
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sorry to hear about your currency situation. :( but kudos sending money back home to oz economy. :rose: yes i'm quite the newshound the past weeks. they say, you don't improve the economy by taxing more those businesses that are doing great but giving tax breaks to those areas that aren't. having said that, i hope that a good portion of the revenue coming from mining gets invested back to australian infrastructure, education and research that will build our country's ip portfolio. so when demand and / or supply goes down for our resources, we have something to fall back on. there's an article in cnn just today about how some of the US cities have property prices still on the decline. i think some of the cities mentioned are seattle, detroit, atlanta and minneapolis. have you ever pondered investing in real estate there? i wonder if it's frowned upon by the locals. i hear a lot about these schemes from property spriukers.
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swjam wrote:
but kudos sending money back home to oz economy
I'm afraid you are going to have to keep the rose. I can get 6%+ on cash in Oz, in SG it is about .25%, while the Oz market is pretty stagnant it is not actually going backwards. And I expect to retire home, thats why I send my pittance home.
Never underestimate the power of human stupidity RAH
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sorry to hear about your currency situation. :( but kudos sending money back home to oz economy. :rose: yes i'm quite the newshound the past weeks. they say, you don't improve the economy by taxing more those businesses that are doing great but giving tax breaks to those areas that aren't. having said that, i hope that a good portion of the revenue coming from mining gets invested back to australian infrastructure, education and research that will build our country's ip portfolio. so when demand and / or supply goes down for our resources, we have something to fall back on. there's an article in cnn just today about how some of the US cities have property prices still on the decline. i think some of the cities mentioned are seattle, detroit, atlanta and minneapolis. have you ever pondered investing in real estate there? i wonder if it's frowned upon by the locals. i hear a lot about these schemes from property spriukers.
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swjam wrote:
seattle, detroit, atlanta and minneapolis
I wouldn't speculate on any real estate in the US right now. Buying to live in is one thing, but investing. X|
"Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!" — Hunter S. Thompson
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swjam wrote:
seattle, detroit, atlanta and minneapolis
I wouldn't speculate on any real estate in the US right now. Buying to live in is one thing, but investing. X|
"Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!" — Hunter S. Thompson
the X| means you don't like property investors or you wouldn't want to invest yourself in the current US property market? i read about your government planned shutdown, hopefully your job isn't affected (maybe being in IT, I'm assuming you are, your job is safe from the shutdown)
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the X| means you don't like property investors or you wouldn't want to invest yourself in the current US property market? i read about your government planned shutdown, hopefully your job isn't affected (maybe being in IT, I'm assuming you are, your job is safe from the shutdown)
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swjam wrote:
the X| means you don't like property investors or you wouldn't want to invest yourself in the current US property market?
I am looking to buy a place to live in, but I would not buy a place as an investment property, especially in cities with declining value and populations.
swjam wrote:
i read about your government planned shutdown, hopefully your job isn't affected (maybe being in IT, I'm assuming you are, your job is safe from the shutdown)
Technically government employees will qualify for unemployment through their states during the shut down, so hopefully people make it through unscathed. Myself, I actually work in a more relevant industry to this discussion: the currency exchange division of a brokerage. It's quite interesting, the more volatility there is, the more volume there is, leading to more profit, leading to a bigger bonus. It was initially concerning that horrible world events benefit me financially, but it's not like I profit because of suffering, I profit because people speculate. I am also very charitable and always have been.
"Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!" — Hunter S. Thompson