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Re: Asylum Makes a Comeback
Originally Posted by Alan101
Back on the asylum issue.
It costs a lot of money to Migrate to Australia ,that in it self is a good clearing system and surely the Australian economic system should benefit from this rather then the poeple traffikers who cause so much pain and suffering. for people to live in a mulicultural society, we must all be prepared to accept and be tollerant of each others beliefs . What you mean is, it's good that Oz lets in people like you. I totally agree. Now, if only the remaining narrow-minded, intolerant sheep would follow your example and emigrate, UK would be an even nicer place. |
Re: Asylum Makes a Comeback
Originally Posted by MikeStanton
In Oz, people trafficking is alive and well.
What you mean is, it's good that Oz lets in people like you. I totally agree. Now, if only the remaining narrow-minded, intolerant sheep would follow your example and emigrate, UK would be an even nicer place. |
Re: Asylum Makes a Comeback
Originally Posted by Peter
Some would argue that'd there would only be the Welsh and the Cornish left if that were so. :D
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Re: Asylum Makes a Comeback
I don't do scarcasm - lowest form of humour and all that - I do dry - bit subtler.
BM ;) |
Re: Asylum Makes a Comeback
Originally Posted by bondipom
HK will take a good proportion of china's finance. ASX should form deals with whoever wherever. Cost of capital is important and has been raised by Qantas as limiting factor because they can only raise money on the ASX. Still the changes needed for Sydney's finance industry to grow are minor as the basic institutions are there.
Lack of openess has always limited the Japanese finance industry despite the country having some of the worlds largest banks. It's all about lack of scale and lack of competition. I know the cultures and workings of all the major Oz exchanges (both of them) extremely well. The problems arise because of vested interests , lack of competitive culture and the fact that Antipodean markets are very small. Recently, one of the biggest Oz companies, News Corporation, upped and walked away from being traded on the ASX. The last time News Corporation moved, it was away from Fleet Street. Within a few years, all the papers followed. There is very little local Exchanges on their own can do - traders go where the liquidity is : instantly. All small exchanges (ASX is only ~10th in the world) are shi**ing themselves that exchanges like NASDAQ, NYSE, LSE and Frankfurt will cherry-pick the most actively traded stocks - if they do, the small exchanges will increasingly become backwaters : as the NZSE has pretty much become. Similarly, ASX could easily become a has-been exchange. Oz has ~2% of the world's capital - less than a third of London. If it drops below ~1.5%, most UK and US pension funds won't even bother to include Oz stocks - killing the Oz market even further. As for the 'risks' of trading in China, it's factored into the price. We've moved on from the days when it took 5 or 3 days to settle a financial transaction. The risk is going down all the time. Small regional exchanges are likely to become irrelevant. Just watch. |
Re: Asylum Makes a Comeback
Originally Posted by badgersmount
I don't do scarcasm - lowest form of humour...
Does that mean you don't have a sharp tongue?... |
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