Why it's different here

Discussion in 'Markets & Economies' started by rbaggio, Aug 22, 2011.

  1. rbaggio

    rbaggio Active Member Silver Stacker

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    ..... courtesy of Craig James, Commsec. Where to start?!?!

    http://commsec.info/economy

    Five reasons why Australia is in good shape to weather uncertainty in the market

    Unemployment
    Sure some Asian countries have better resultsBut Australian jobless rate pretty low!

    Economy
    Growth may have slowedBut no recession in past 20 years!

    Low Debt
    Government debt will rise modestlyBut Australian debt is lowest amongst majors!

    We have China
    China is the biggest buyer of our goods And it is on track to become biggest economy.

    Wealth is at record highs
    You may not believe it but wealth (our homes, shares etc) is at record highs.
     
    rbaggio, Aug 22, 2011
    #1
  2. fishball

    fishball New Member Silver Stacker

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    That's what Japan said 20-30 years ago.
     
    fishball, Aug 22, 2011
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  3. thatguy

    thatguy Active Member

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    Can't help feeling were going to win the best of the worst award. :(

    Keep stackin!
     
    thatguy, Aug 22, 2011
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  4. kaz

    kaz New Member Silver Stacker

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    "We have China
    China is the biggest buyer of our goods And it is on track to become biggest economy"

    ummm all eggs in one basket!

    China also is the biggest holder of US debt.

    Whilst I am optimistic about our situation compared to other countries I would feel more confident if we did not have such a big "one" country link as we do with China.
     
    kaz, Aug 22, 2011
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  5. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    and believing this kinda horse manure is why so many here will be suckerpunched!
     
    Yippe-Ki-Ya, Aug 22, 2011
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  6. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    You spin me right round baby, right round, like a record baby right round round round.

    and again
     
    THUCYDIDES79, Aug 22, 2011
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  7. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Horse manure, is Belgian Marzipan compared to the advice from Commsec.
     
    THUCYDIDES79, Aug 22, 2011
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  8. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    +1

    GEEZ! that was a gooood bellylaugh mate!! :lol: thanks.

    No wonder me better half thinks i'm crazy sometimes - sitting in front of the computer laughing out load!
     
    Yippe-Ki-Ya, Aug 22, 2011
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  9. RhythmDoctor

    RhythmDoctor Active Member

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    Don't worry bud, she's not the only one :D
     
    RhythmDoctor, Aug 22, 2011
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  10. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    they are unbelievable.

    Dress up nicely, silky tie, go infront of the camera - stare right into the camera and
    say things like that - and they say it with a lot of confidence and chutzpah - NOT because
    they believe or invest in it - but because on their Professional Development Courses they are
    thought to do it as it will increase their business.

    Do not trust the 'confidence' of any professional - especially not someone
    in an industry which is tied with Banking.


    They are selling Beach Umbrellas and the tsunami is approaching, but they dont care - they have KPIs to worry about.
     
    THUCYDIDES79, Aug 22, 2011
    #10
  11. null

    null Member

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    I also read somewhere which says don't trust anyone with two first names (for their full name).
     
    null, Aug 22, 2011
    #11
  12. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Haha, I didn't click the link yet and just read what you've got written in first post thinking you had summarized it.

    Then I actually clicked the link and it was the exact wording...

    How can you trust someone who can't even string a sentence together??
     
    RetardedMonkey, Aug 22, 2011
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  13. rbaggio

    rbaggio Active Member Silver Stacker

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    Yeah .... but it's worth clicking the link .. to see all of the statistical evidence to back up his points :rolleyes:
     
    rbaggio, Aug 22, 2011
    #13

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