Something feels wrong especially these last few months mainly I look at it from real estate (as i do databases for real estate agents) perspective but something feels rotten with the economy. it wasnt too bad going back 12 months real estate was chugging alone nicely but yeah queensland in particular is looking bad on the books here.
I think its about time the real estate game in this country is given up..... The bubble cannot inflate forever.... I feel sorry for anyone being sucked into new mortgages while the rates keep dropping...... They're going to be in for a big shock very soon as the economy crumbles and gets worse by the day.
Just read that a recession is called after having two consecutive quarters of negative GDP growth.....you learn something everyday!
Good list Ice. Dont forget -increasing immigration of third worlders putting an immense strain on public hospitals/schools/services/dole etc whilst contributing very little back in taxes. -increasing numbers of 457 visa holders. -continued offsourcing of jobs.
Well said. I thought perhaps old Campbell up in QLD may have been different, however by introducing an "independent" tribunal he has proven he is the same serpent as the rest of them. Now all payrises will be automatic and he will put his hands up in the air and say "we have no say in the matter". When will one of them stand up and say "Complete freeze on all pollie salaries for 7 (insert number) years"?
I think Fords announcement plus Holdens most recent news is the writing on the wall.....It cant get much worse for the Oz economy I think. Plus China pulling back on all their growth....2014 is going to be INTERESTING!
That's a rather simplistic way of identifying a recession (which is why it's the definition the mainstream media use). e.g. Q1: +0.5% growth Q2: -4.3% (negative) growth Q3: +0.1% growth Q4: -1.3% (negative) growth Woohoo, no recession! The economy has shrunk by 5% but technically there hasn't been a recession, according to the 2-quarters-negative-growth definition. There is a good discussion of what makes a recession here: http://clubtroppo.com.au/2008/11/23/what-is-the-difference-between-a-recession-and-a-depression/
[youtube]http://www.youtube.com/watch?v=cB5ihHGsm2o[/youtube] Skipping the politics, look at the figures.
I don't care if it takes me ten years to wait for the bubble to burst....I AM NOT putting myself in debt this decade!
Actually it's the definition used by your friends in the Labor Party as well, but i'm assuming thats an inconvenient truth to you. The same can be said for the governments definition for calculating the unemployment rate... misleading "statistics" designed to make the Fabian scum in government look much better than they should
Challenging one to "win". Money in the bank is no safer. It's probably less safe! PMs? Well, we all know how well that game is going. Stacking cash is probably the safest bet, but you still have inflation and then you'll need to be careful about using it so as not to raise any questions (good luck banking it all again). ARGH some days I just wish I was blindfolded instead. :/
Ye i'm presently waiting for some return out of an investment I have had for years...When I get that money I think I will put it in the bank and earn some interest on it while I wait for pms to go backwards..... Though I also think its a safe bet to 'also' have 'some' pms just incase we see some rises like some are predicting....... Might throw 10k at Silver and 10k at Gold all unallocated?
