Australia economy/bubble/fiscal cliff/recession 'stuff'
#182
Banned
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
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.
#184
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
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.
#185
Just Joined
Joined: Sep 2012
Posts: 13
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
http://au.finance.yahoo.com/news/une...005526942.html
#186
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
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
#187
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
unemployment went down 0.2% last month.
#188
ForEx Specialist
Joined: Sep 2012
Posts: 98
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?!
#189
Forum Regular
Joined: Feb 2003
Posts: 241
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
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!
#191
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
#193
Lost in BE Cyberspace
Joined: Oct 2008
Location: Perth
Posts: 6,775
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
I agree very unfair to the cautious and rewarding those with little to lose.
#194
Re: Australia economy/bubble/fiscal cliff/recession 'stuff'
What about home owners who have also saved?