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.
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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.
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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.
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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.
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. |
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 |
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 |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
unemployment went down 0.2% last month.
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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?!
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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?!
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Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
better than no jobs created at all ;)
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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?!
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Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by commonwealth
(Post 10422339)
better than no jobs created at all ;)
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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 |
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 |
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
Originally Posted by Amazulu
(Post 10422690)
What about home owners who have also saved?
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