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

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

Old Dec 3rd 2012, 4:21 am
  #181  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by renth View Post
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?
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Old Dec 3rd 2012, 7:51 am
  #182  
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Default 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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Old Dec 3rd 2012, 8:03 am
  #183  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by renth View Post
Loads of budget cuts coming at my place of work - a university.
I hope these don't have a negative effect on you personally.
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Old Dec 3rd 2012, 8:31 pm
  #184  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by TheArmChairDetective View Post
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.
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Old Dec 4th 2012, 1:18 am
  #185  
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Default 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
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Old Dec 5th 2012, 12:02 am
  #186  
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Default 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
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Old Dec 6th 2012, 12:45 am
  #187  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

unemployment went down 0.2% last month.
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Old Dec 6th 2012, 12:44 pm
  #188  
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Default 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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Old Dec 7th 2012, 9:07 pm
  #189  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by Fran_L View Post
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!
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Old Dec 7th 2012, 11:24 pm
  #190  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

better than no jobs created at all
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Old Dec 8th 2012, 4:57 am
  #191  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by Fran_L View Post
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.
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Old Dec 8th 2012, 4:58 am
  #192  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by commonwealth View Post
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..
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Old Dec 8th 2012, 5:00 am
  #193  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by bingobob777 View Post
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.
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Old Dec 8th 2012, 6:19 am
  #194  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by bingobob777 View Post
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?
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Old Dec 8th 2012, 7:27 am
  #195  
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Default Re: Australia economy/bubble/fiscal cliff/recession 'stuff'

Originally Posted by Amazulu View Post
What about home owners who have also saved?
They're the best
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