You've got to know when to hold 'em....gambling for Oz
#31
Re: You've got to know when to hold 'em....gambling for Oz
Thank you, I do try - sarcasm is the lowest form of wit!
#32
Re: You've got to know when to hold 'em....gambling for Oz
I don't want to turn this into a history lesson but most people seem to believe that every recession just bounces back in a couple of years because that's how the last few are remembered... but that is NOT guaranteed.
The Great Depression in 1929 did not end in the US until the US joined the Second World War. Until that point the US was still mired in recession and was going nowhere... that's not just a couple of years, and it took another ten years after the war before the US stock market reached the point it had been in 1929. That's an entire generation.. and this latest downturn is being compared to 1929.
The fundamental difference between 1929 and the current problem is, that at the moment, governments world wide are pouring money into the system to prevent its total collapse.. but that can't continue for much longer and if it fails to work then this downturn will turn into a crash.
The Great Depression in 1929 did not end in the US until the US joined the Second World War. Until that point the US was still mired in recession and was going nowhere... that's not just a couple of years, and it took another ten years after the war before the US stock market reached the point it had been in 1929. That's an entire generation.. and this latest downturn is being compared to 1929.
The fundamental difference between 1929 and the current problem is, that at the moment, governments world wide are pouring money into the system to prevent its total collapse.. but that can't continue for much longer and if it fails to work then this downturn will turn into a crash.
#34
Re: You've got to know when to hold 'em....gambling for Oz
Travelled to Oz on a tourist Visa to see if I liked it... I did, so I got another visa and shipped everything out, dogs and all...
That was 2.5 years ago and I haven't been home since...
Rock 'n Roll...
#35
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: You've got to know when to hold 'em....gambling for Oz
OK OK What is this great mystical "I am doing it for the kids" or " the kids will have a better quality of life" Really, how come these statements are never backed up by why this is magically so
Back in reality land, my kids have now banged the AC on as its already too flipping hot to go outside!!! One has a dental appointment later, that will set me back $200 at least, tongiht 4 tickets at the movies will cost us $64 plus another $40 if you all fancied popcorn and a drink. Next week they go back to school, they dread it as the kids sit there in boiling heat, and I dread it cause the education here is oh so easy but what the hell do they actually learn
Rant over
Anyway back to the OP point, I sort of agree with Quoll, this is not the best time for australian jobs but I suppose everyone on here yet to move going to take that risk not just the OP. Were all different, I guess some people feel comfortable with maybe not finding work and all that brings, I would keep in mind though OZ is not a cheap place to live.
Back in reality land, my kids have now banged the AC on as its already too flipping hot to go outside!!! One has a dental appointment later, that will set me back $200 at least, tongiht 4 tickets at the movies will cost us $64 plus another $40 if you all fancied popcorn and a drink. Next week they go back to school, they dread it as the kids sit there in boiling heat, and I dread it cause the education here is oh so easy but what the hell do they actually learn
Rant over
Anyway back to the OP point, I sort of agree with Quoll, this is not the best time for australian jobs but I suppose everyone on here yet to move going to take that risk not just the OP. Were all different, I guess some people feel comfortable with maybe not finding work and all that brings, I would keep in mind though OZ is not a cheap place to live.
#36
Re: You've got to know when to hold 'em....gambling for Oz
Example, Tesco in the UK report a like for like increase in sales of 3.5% over Christmas: press screams worst figures in 20 years: have I missed something?
We can all see the potential negativity of a downturn: let's not turn it into a crisis! I know nothing about economics of great depression but wonder if the world economy would allow it to happen on that scale again?
Anyhows, Gordon Brown is just going to print more money...but the exchange rate is a different thread....
#37
Re: You've got to know when to hold 'em....gambling for Oz
OK OK What is this great mystical "I am doing it for the kids" or " the kids will have a better quality of life" Really, how come these statements are never backed up by why this is magically so
Back in reality land, my kids have now banged the AC on as its already too flipping hot to go outside!!! One has a dental appointment later, that will set me back $200 at least, tongiht 4 tickets at the movies will cost us $64 plus another $40 if you all fancied popcorn and a drink. Next week they go back to school, they dread it as the kids sit there in boiling heat, and I dread it cause the education here is oh so easy but what the hell do they actually learn
Back in reality land, my kids have now banged the AC on as its already too flipping hot to go outside!!! One has a dental appointment later, that will set me back $200 at least, tongiht 4 tickets at the movies will cost us $64 plus another $40 if you all fancied popcorn and a drink. Next week they go back to school, they dread it as the kids sit there in boiling heat, and I dread it cause the education here is oh so easy but what the hell do they actually learn
And, yup, we have thugs in our schools too - and we dont like to expel them either because it may infringe their human rights if you are really really naughty you might score a 5 day suspension but then of course your parents would have the department in court and be blaming the school for failing to do something or other. We have stabbings, muggings and all that (even in highly civilized Canberra it happens) - this is just another place with a bit more (and sometimes too bloody much) sunshine!
#38
Account Closed
Joined: Jul 2006
Posts: 14,188
Re: You've got to know when to hold 'em....gambling for Oz
During the Crash of 1929 preceeding the Great Depression, margin requirements were only 10%. Brokerage firms, in other words, would lend $9 for every $1 an investor had deposited. When the market fell, brokers called in these loans, which could not be paid back. Banks began to fail as debtors defaulted on debt and depositors attempted to withdraw their deposits en masse, triggering multiple bank runs. Government guarantees and Federal Reserve banking regulations to prevent such panics were ineffective or not used. Bank failures led to the loss of billions of dollars in assets. Outstanding debts became heavier, because prices and incomes fell by 20–50% but the debts remained at the same dollar amount. After the panic of 1929, and during the first 10 months of 1930, 744 US banks failed. (In all, 9,000 banks failed during the 1930s). By April 1933, around $7 billion in deposits had been frozen in failed banks or those left unlicensed after the March Bank Holiday.
Bank failures snowballed as desperate bankers called in loans which the borrowers did not have time or money to repay. With future profits looking poor, capital investment and construction slowed or completely ceased. In the face of bad loans and worsening future prospects, the surviving banks became even more conservative in their lending. Banks built up their capital reserves and made fewer loans, which intensified deflationary pressures. A vicious cycle developed and the downward spiral accelerated.
The liquidation of debt could not keep up with the fall of prices which it caused. The mass effect of the stampede to liquidate increased the value of each dollar owed, relative to the value of declining asset holdings. The very effort of individuals to lessen their burden of debt effectively increased it. Paradoxically, the more the debtors paid, the more they owed. This self-aggravating process turned a 1930 recession into a 1933 great depression.
#39
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: You've got to know when to hold 'em....gambling for Oz
I couldnt agree more! That's just a cop out excuse. Dont forget soaring rates of mental illness in highschool/college kids (and reaching down into the primaries as well), increased risk of melanoma, lack of extended family. And the fact that many dynamic young Aussies go to UK and Europe for better career prospects. <my rant over too>
And, yup, we have thugs in our schools too - and we dont like to expel them either because it may infringe their human rights if you are really really naughty you might score a 5 day suspension but then of course your parents would have the department in court and be blaming the school for failing to do something or other. We have stabbings, muggings and all that (even in highly civilized Canberra it happens) - this is just another place with a bit more (and sometimes too bloody much) sunshine!
Melonama, OMG today you can feel the burn within seconds, and thats in the shade/car with linen clothes on, its freaking scary. Saw a kid in the dentist with blonde hair and skin the colour of an indian person, might look cute ?? now, but can you imagine that skin by age 30
Moving to austraila for its sun is a major downside not a plus.
#40
BE Forum Addict
Joined: Oct 2004
Posts: 1,672
Re: You've got to know when to hold 'em....gambling for Oz
#41
Bitter and twisted
Joined: Dec 2003
Location: Upmarket
Posts: 17,503
Re: You've got to know when to hold 'em....gambling for Oz
The OP wanted opinions so I gave one
I simply think gambling on your future when you have kids is an immature, selfish and irresponsible thing to do but is no more than I would expect from many people.
People do not migrate for the kids future but for their own reasons
G
#42
BE Forum Addict
Joined: Oct 2004
Posts: 1,672
Re: You've got to know when to hold 'em....gambling for Oz
Why single me out for agreeing with another poster.
The OP wanted opinions so I gave one
I simply think gambling on your future when you have kids is an immature, selfish and irresponsible thing to do but is no more than I would expect from many people.
People do not migrate for the kids future but for their own reasons
G
The OP wanted opinions so I gave one
I simply think gambling on your future when you have kids is an immature, selfish and irresponsible thing to do but is no more than I would expect from many people.
People do not migrate for the kids future but for their own reasons
G
For me it was an informed decision, you only get one chance at life, for some it may be a gamble
It worked out well for us so why not others.
And some people do emigrate for their childrens futures, I believe it gives them a less insular view of the world which must be a good thing.
Last edited by purple rain; Jan 16th 2009 at 10:01 am.
#43
Re: You've got to know when to hold 'em....gambling for Oz
I love this song and it sums everything up for me
And yes I have a child on the other side of the world and he said to me last week that we had proved to him that whatever he wanted out of life was possible if he wanted it enough.
Of course I miss him like mad, but he's only got a couple more years of study left and then he'll be coming out here.
Last edited by Wendy; Jan 16th 2009 at 10:09 am.
#44
Re: You've got to know when to hold 'em....gambling for Oz
Chill out!!!!!!!!!
For me it was an informed decision, you only get one chance at life, for some it may be a gamble
It worked out well for us so why not others.
And some people do emigrate for their childrens futures, I believe it gives them a less insular view of the world which must be a good thing.
For me it was an informed decision, you only get one chance at life, for some it may be a gamble
It worked out well for us so why not others.
And some people do emigrate for their childrens futures, I believe it gives them a less insular view of the world which must be a good thing.