Australia VS China and the unpreventable recession

Discussion in 'Markets & Economies' started by JulieW, Aug 16, 2015.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    One we perhaps do not need to have, but will.

     
  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Old news.
    Those with their eyes open were discussing this in 2013.

    Guessing it's Abbott's fault?
     
  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    Why his fault? This has been lining up for a while. I'd hand it to Howard, Costello, Rudd and Gillard. He might be too incompetent to address the issue though.
    ;)
     
  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Not as incompetent as those who believe a slowdown in China's economic growth is attributable to 4 Australian ex-politicians.
    :lol: ;)
     
  5. TheEnd

    TheEnd Well-Known Member

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    Yep. After a boom there is ALWAYS a bust.

    And this bust is gunna be HUUUUUGE!!!
     
  6. JulieW

    JulieW Well-Known Member Silver Stacker

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    Something about eggs in one basket?
     
  7. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Er... mmmm?
    Didn't realise it was the pollies' basket?
    Although, I do remember Swannie & Juliar try to get their grubby mitts on the never-ending golden eggs via a mining tax, so they could fund their unfunded spending. Fail. ;)

    However, don't despair.
    If it's looking like a recession, any pollie could pull Krudd's world-saving trick of a 'stimulus bonus'... then we can all go and up-grade our big-screens, and no-one would even realise what catastrophe was just averted. :lol:
     
  8. JulieW

    JulieW Well-Known Member Silver Stacker

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    The government via the Treasure has the ability to pull a few levers to assist productivity, employment and diversifying the economy. Something they've steadily avoided since Keating globalised Australia. (not the best idea in my view - I like protectionism for employment and social harmony).

    Now, despite Treasury's advice on pouring everything into a 'housing' economy, the pollies continue on, ignoring small business, and choosing instead, growing a bureaucracy that is unproductive and simply frustrates enterprise..
     
  9. hiho

    hiho Active Member Silver Stacker

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    if you look at it as an opportunity to invest in commodities then the other side of it begins t look much rosier. The A$ is heading to 0.65 and we should be looking at ways to capitalise.
     
  10. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I lay the blame at a flawed Keynesian economic model that relies on ever expanding credit to function. That and dodgy transactional banking practices. Pollie regulations and central bank polices are playing their part in making things worse, but they are not solely responsible for the mess. You could make the argument that western governments adopted the Keynesian economic model so therefore they are to blame but that's neither here or there
     
  11. col0016

    col0016 Active Member

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    I notice you're still calling her juliar, when are you going to come up with a nickname for Abbott who has told way more lies?
    Let me help you Tolie (pronounced to-lie) Abbott, Tony Fullofit (full-of-it).
    Let me know what you end up with :)
     
  12. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Are you sure? ;)
    Or is that just what you've been told. :)
     
  13. smk762

    smk762 Active Member Silver Stacker

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    You fellas really need a count? At what number can we just agree that an individual can be considered pathologically deceitful?
     
  14. JulieW

    JulieW Well-Known Member Silver Stacker

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    ''I know politicians are going to be judged on everything they say but sometimes in the heat of discussion you go a little bit further than you would if it was an absolutely calm, considered, prepared, scripted remark,'' he said.
    ''Which is one of the reasons why the statements that need to be taken absolutely as gospel truth [are] those carefully prepared, scripted remarks.
    ''Most of us know when we're talking to people, or listening to people, when we can put absolute weight on what's being said and when it's the give and take of standard conversation.''


    Read more: http://www.smh.com.au/national/read...believe-everything-he-says-20100517-v9ge.html

    p.s.
    http://www.abbottslies.com.au/
    has done all the work. But you have to keep in mind. Abbott is a politician.


    Carefully scripted lies:

    " No cuts to education, no cuts to health, no change to pensions, no change to the GST and no cuts to the ABC or SBS."
    FRIDAY 6 September 2013
     
  15. hawkeye

    hawkeye New Member Silver Stacker

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    Yep, no real scapegoats to be found. Sorry people.

    All we can do is hopefully learn our lessons. And I'm not real confident that is going to happen.
     
  16. JulieW

    JulieW Well-Known Member Silver Stacker

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    Politicians ignored Keynes in order to get elected.
     
  17. hawkeye

    hawkeye New Member Silver Stacker

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    Democracy is wonderful!

    EDIT: Democracy is freedom!
     
  18. col0016

    col0016 Active Member

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    It's just what I've been told by Abbott...
    Something about not believing most of what he says because he just wants to win votes?

    Edit: Julie was nice enough to give the actual quote above :)
     
  19. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    'Kay then.
    Guess we'll go with the hunch. :p

    [​IMG]
     
  20. col0016

    col0016 Active Member

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    Ok, please tell me which ones of these are not Abbott quotes :) Keep in mind that I don't necessarily disagree with his decisions (I agree with many), I'm just pointing out that he is a far bigger liar than Gillard.

    "We are not shutting down any Medicare Locals" - before shutting them all down.
    "No cuts to education, no cuts to health, no change to pensions, no change to the GST and no cuts to the ABC or SBS" - he literally cut all of them.
    "There will be no deals with independents and minor parties" - too many deals to list. The latest is removing the ban on the Adler shotgun in a deal made with the LDP.
    "There will be no surprises and no excuses from a Coalition Government." - all we hear are excuses.
    "The last thing you are going to see from me are sudden backflips, sudden changes of heart." - lol

    But Gillard did say that she wouldn't make a carbon tax, so that means she is a liar. Abbott is ok because he's on your side right?
     

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