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-   -   Australia economy/bubble/fiscal cliff/recession 'stuff' (https://britishexpats.com/forum/australia-54/australia-economy-bubble-fiscal-cliff-recession-stuff-770625/)

steve`o Dec 3rd 2012 4:21 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by renth (Post 10412916)
Loads of budget cuts coming at my place of work - a university.

heard on the news that qld are cutting 25 tafes ffs where will they teach people for the future?

chris955 Dec 3rd 2012 7:51 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 
Whether there is officially a recession or not is to some extent largely irrelevant. If people are losing their jobs, getting hours cut and potentially losing their homes the fact that there is a recession or not is unimportant. If you are working and earning good money it also doesnt make any difference, it just comes down to what the official figures show.

TheArmChairDetective Dec 3rd 2012 8:03 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by renth (Post 10412916)
Loads of budget cuts coming at my place of work - a university.

I hope these don't have a negative effect on you personally.

renth Dec 3rd 2012 8:31 pm

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by TheArmChairDetective (Post 10413215)
I hope these don't have a negative effect on you personally.

Thanks, they shouldn't. There are loads of casuals and fixed term peeps who will get it before ongoing staff like me. Part of me wants to get the arse though as I've been there 10 years - my payout would be pretty big.

Loads of fixed term staff are still waiting to hear if their contracts will be renewed, they all expire December 31st.

Also talking to mates who run businesses, people are taking longer and longer to pay their bills. Lots of small businesses going under here in WA.

go4it Dec 4th 2012 1:18 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 
You can see it in the expectations of the unemployment rate to rise;

http://au.finance.yahoo.com/news/une...005526942.html

bingobob777 Dec 5th 2012 12:02 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 
interest rates cut again

seems they haven't learned from the US, UK or Japan

Those who overborrowed bringing down another economy, while those who saved get shafted

M_U_S_T_S_A_V_E_H_O_M_E_O_W_N_E_R_S

commonwealth Dec 6th 2012 12:45 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 
unemployment went down 0.2% last month.

Fran_L Dec 6th 2012 12:44 pm

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 
Indeed. 13,900 more jobs were created in Australia last month and the unemployment rate dropped to 5.2%. Surely that's positive?!

boots Dec 7th 2012 9:07 pm

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by Fran_L (Post 10419367)
Indeed. 13,900 more jobs were created in Australia last month and the unemployment rate dropped to 5.2%. Surely that's positive?!

Looks good if you create 4 Part-Time positions to cover the 1 Full-Time employee sacked,multiply that by 1,000's!Viola !!!!!Unemployment Rates decrease!

commonwealth Dec 7th 2012 11:24 pm

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 
better than no jobs created at all ;)

the troubadour Dec 8th 2012 4:57 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by Fran_L (Post 10419367)
Indeed. 13,900 more jobs were created in Australia last month and the unemployment rate dropped to 5.2%. Surely that's positive?!

Why? How many loose jobs but are not counted. The real unemployment rate is never cited.

the troubadour Dec 8th 2012 4:58 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by commonwealth (Post 10422339)
better than no jobs created at all ;)

Not if fulltime jobs are going..too many folk working 28 hour weeks is barely economicly uplifting stuff..

the troubadour Dec 8th 2012 5:00 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by bingobob777 (Post 10416281)
interest rates cut again

seems they haven't learned from the US, UK or Japan

Those who overborrowed bringing down another economy, while those who saved get shafted

M_U_S_T_S_A_V_E_H_O_M_E_O_W_N_E_R_S

I agree very unfair to the cautious and rewarding those with little to lose.

Amazulu Dec 8th 2012 6:19 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by bingobob777 (Post 10416281)
interest rates cut again

seems they haven't learned from the US, UK or Japan

Those who overborrowed bringing down another economy, while those who saved get shafted

M_U_S_T_S_A_V_E_H_O_M_E_O_W_N_E_R_S

What about home owners who have also saved?

bingobob777 Dec 8th 2012 7:27 am

Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
 

Originally Posted by Amazulu (Post 10422690)
What about home owners who have also saved?

They're the best


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