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Australia economy/bubble/fiscal cliff/recession 'stuff'
http://www.perthnow.com.au/news/brea...-1226465792852
I think there have been 3 quarters of negative growth out of 84. |
Re: Australia celebrates 21 years of continuous economic growth
so? :p
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Re: Australia celebrates 21 years of continuous economic growth
Bet it doesn't this year..
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Amazulu
(Post 10264717)
http://www.perthnow.com.au/news/brea...-1226465792852
I think there have been 3 quarters of negative growth out of 84. |
Re: Australia celebrates 21 years of continuous economic growth
21 years continuous growth, that's incredible. I think a slow down is on the cards though, but we will have to wait and see.
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Pit Bull.
(Post 10266542)
21 years continuous growth, that's incredible. I think a slow down is on the cards though, but we will have to wait and see.
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Re: Australia celebrates 21 years of continuous economic growth
slowdown but not recession i hope
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Zen10
(Post 10266548)
Slow down is inevitable. Hopefully it will be shallow, but deep enough to bring sanity to the housing market.
The signs are there if I'm honest, but just how bad it will be is just guess work at present, like you say hopefully it will be shallow. |
Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Pit Bull.
(Post 10266542)
21 years continuous growth, that's incredible. I think a slow down is on the cards though, but we will have to wait and see.
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Re: Australia celebrates 21 years of continuous economic growth
Yes, absolutely :thumbsup:
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Pit Bull.
(Post 10322261)
You were wrong Bull, the predictions are Australia's economy will grow by 3% that's 22 years of continuous growth. :thumbsup:
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Zen10
(Post 10322488)
It's now 12th biggest economy in the world and still expanding. It's just overtaken Spain, Mexico and South Korea.
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Re: Australia celebrates 21 years of continuous economic growth
with only 20+ million people that's a good one!
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by commonwealth
(Post 10322542)
with only 20+ million people that's a good one!
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Re: Australia celebrates 21 years of continuous economic growth
are we gonna tell saudi arabia to stop selling oil?
and whatever happened to north sea oil? |
Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Zen10
(Post 10322687)
It is an amazing achievement considering the low population and the fact it's only 200 years old, but we need to remember the role of natural resources in this.
All of those financial transactions have no real value, only the value that people place on them at the time. Atleast natural resources have an ongoing usage, unlike imaginary finances that disappear in the blink of an eye. |
Re: Australia celebrates 21 years of continuous economic growth
I like feel good posts like this.
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Re: Australia celebrates 21 years of continuous economic growth
I like it when Mr. Hockey said:
"You don't introduce new taxes when the economy is slowing. You don't go down the path of making it harder and not easier for Australian businesses." Economic growth is not all about imposing taxes but include the overall health of the markets and consumer preferences. |
Re: Australia celebrates 21 years of continuous economic growth
are you sure it's hockey not milliband who said that?
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Re: Australia celebrates 21 years of continuous economic growth
yes,. :)
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Aussie inflation rises
Australian inflation rose to 1.4% which was above the market estimates of around 1.0%. Further interest cuts on hold?
Read more here: http://britishexpats.com/forum/showt...0#post10347020 |
Re: Australia celebrates 21 years of continuous economic growth
Any signs of that long awaited predicted recession in Australia? Growth predicted for next year of 3% still looking good.
The UK came out of recession with an unexpected and not predicted 1% third quarter growth, that's Definately good news.:thumbsup: |
Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Mr Grumpy
(Post 10322873)
True, but it is better to have real natural resources than the imaginary industry that the UK relies on - Finance.
All of those financial transactions have no real value, only the value that people place on them at the time. Atleast natural resources have an ongoing usage, unlike imaginary finances that disappear in the blink of an eye. |
Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Budawang
(Post 10349993)
The bedrock of the British economy has been described as the world's epicentre of financial fraud.
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Re: Australia celebrates 21 years of continuous economic growth
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Pit Bull.
(Post 10349970)
The UK came out of recession with an unexpected and not predicted 1% third quarter growth, that's Definately good news.:thumbsup:
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by commonwealth
(Post 10350092)
one can hope it's not a one off effect of the dismal rainy 2nd qtr and the jubilee and olympics in 3rd qtr.
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Pit Bull.
(Post 10349970)
Any signs of that long awaited predicted recession in Australia? Growth predicted for next year of 3% still looking good.
The UK came out of recession with an unexpected and not predicted 1% third quarter growth, that's Definately good news.:thumbsup: everyone i know is telling me how tight work is, ,my own experiences is that works down to a couple of days a week at the moment ( you had to knock people back a couple of years ago ) and you prattle on about growth what growth? you mean some mine some where that employes a couple of thousand workers has shipped a couple of additional tankers full of iron abroad whilst the rest of the working population about 11 million struggles ? f-ing delusional, your in for such a shock |
Re: Australia celebrates 21 years of continuous economic growth
i think personally from experience and observations 3% is about right.
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by commonwealth
(Post 10350334)
i think personally from experience and observations 3% is about right.
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Re: Australia celebrates 21 years of continuous economic growth
i see more ongoing construction projects today compared to last year. and the barangaroo precinct is now starting big scale construction. the sydney convention precinct will be closed for reconstruction. i see holes being dug up for apartment towers, 2 stations away from our suburbs. and it's all pre-sold.
but thats just my observation. |
Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by commonwealth
(Post 10350381)
i see more ongoing construction projects today compared to last year. and the barangaroo precinct is now starting big scale construction. the sydney convention precinct will be closed for reconstruction. i see holes being dug up for apartment towers, 2 stations away from our suburbs. and it's all pre-sold.
but thats just my observation. http://www.abc.net.au/news/topic/bui...d-construction dont get me wrong anything been built is good but compared to just 3 or 4 years ago its dismal |
Re: Australia celebrates 21 years of continuous economic growth
well. but my previously unemployed friends have found perm jobs and we're busy with new deals in the office. and i'm getting mote calls from recruiters about openings.
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Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by steve`o
(Post 10350264)
you really are living in la la land mate,
everyone i know is telling me how tight work is, ,my own experiences is that works down to a couple of days a week at the moment ( you had to knock people back a couple of years ago ) and you prattle on about growth what growth? you mean some mine some where that employes a couple of thousand workers has shipped a couple of additional tankers full of iron abroad whilst the rest of the working population about 11 million struggles ? f-ing delusional, your in for such a shock Yeah we should believe you and yer mate, instead of the economists, it's them that predicted the 3% growth not me, your making yourself look like an angry idiot, get yer facts right fella before issuing the personal attacks. :nod: |
Re: Australia celebrates 21 years of continuous economic growth
There are winners and losers in all economies. I work in the Transport industry and during the Howard years that industry was dead in this country, now that Labor is helping to fund many transport programmes around the country there is plenty of work in my field.
However if you are in something like retail shopping, then you're screwed. |
Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by Mr Grumpy
(Post 10350591)
There are winners and losers in all economies.
retailers in Aus are suffering but the sale of SUVs has reached record highs. and saving account balances are growing. what does that mean? |
Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by commonwealth
(Post 10350718)
precisely. one sector is not an indication of the whole country's economy.
retailers in Aus are suffering but the sale of SUVs has reached record highs. and saving account balances are growing. what does that mean? |
Re: Australia celebrates 21 years of continuous economic growth
more than 3/4 of the aust economy is represented by the services industry.
even sydney's economy is bigger than the australian mining industry ;) |
Re: Australia celebrates 21 years of continuous economic growth
Originally Posted by commonwealth
(Post 10350848)
more than 3/4 of the aust economy is represented by the services industry.
even sydney's economy is bigger than the australian mining industry ;) it's like the UK but 5-6 years behind people think they're rich because their house goes up in value, start spunking money on clothes, hairdos and new nails. On every street corner hairdressers and nail salons pop up. fast forward 5 years, people still need to pay their mortgage, their wages have stopped rising and there's no more equity left in the house. so they stop buying shoes, haircuts and new nails. Then they all realise that having to pay 50% more for a house than 10 years ago probably isn't a good idea, but by then it's too late, if house prices were to fall they would be even more fu**ed. hence 10 years of stagflation. coming to the whole westernised world. Japan are 20+ years in, the UK 6-7 years. Australia just had a much, much lower starting point to build from :D and why is people cutting each others hair any better an economy than people selling financial products? Neither are really needed? |
Re: Australia celebrates 21 years of continuous economic growth
All I know is the shit has hit the fan at hubbys work laying off people left right and center and hubby is scared for his job for the first time in 7 years :thumbdown: Mackay/Maitand mining company.
I was talking to one of the parents tonight and he was saying alot of young blokes had work contracts and had bought houses and now have been laid off also there was 20 hours of overtime on offer now nothing :unsure: he did say should pick up around may time again :fingerscrossed: I am hoping hubbys job is ok but if not we may have to move to where the work is :nod: |
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