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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/)

commonwealth Oct 26th 2012 11:55 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by bingobob777 (Post 10350880)
yeh but the services industry is fecked as well.

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?

imaginations . . .

Amazulu Oct 26th 2012 5:05 pm

Re: Australia celebrates 21 years of continuous economic growth
 
over 10 million work in the mines[/QUOTE]

50 million

steve`o Oct 27th 2012 11:16 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Pit Bull. (Post 10350560)
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:

i think you`ll find that that's a government prediction
and havnt they been so right lately :rofl:

what was it last years prediction
the balance of spending back in the black by 2012

currently
Australia reported a current account deficit equivalent to 11801 Million AUD in the second quarter of 2012.

wow they are so accurate

when i said you were living in la la land i was spot on if you take that as a personal attack perhaps you need to grow up that or keep out of the adult conversations

Steve

Pit Bull. Oct 27th 2012 11:20 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by steve`o (Post 10353300)
i think you`ll find that that's a government prediction
and havnt they been so right lately :rofl:

what was it last years prediction
the balance of spending back in the black by 2012

currently
Australia reported a current account deficit equivalent to 11801 Million AUD in the second quarter of 2012.

wow they are so accurate

when i said you were living in la la land i was spot on if you take that as a personal attack perhaps you need to grow up that or keep out of the adult conversations

Steve


Chill out pussy boy, you sound like a stress head. :hysterical:

steve`o Oct 27th 2012 11:21 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Pit Bull. (Post 10350726)
Yeah but, out of the 11 million people employed in Australia, over 10 million work in the mines, or so we are led to believe, so if the mining struggles so does everywhere. :confused:

where do you get 10 million from

wtf ? mining represents about 7% of turnover in au less is terms of employment

try about a quarter of a million
http://www.miningcareers.com/working...erals_industry





you don't do the statistics and predictions for the au government do you ?

steve

steve`o Oct 27th 2012 11:22 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Pit Bull. (Post 10353306)
Chill out pussy boy, you sound like a stress head. :hysterical:

said the child shouting personal attack;)

does mummy know your up this late ?

Pit Bull. Oct 27th 2012 11:28 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by steve`o (Post 10353308)
said the child shouting personal attack;)

does mummy know your up this late ?



Calm down honestly, read your posts back YOU do the attacking, YOU get personal, YOU seem angry, I don't care what you think, once a person gets personal, their views are pointless to me, sometimes you actually talk sense, but then you get personal and I think, what a numpty. Just ignore me and I will ignore you, or don't, I don't give a rats arse whether you do or don't. :thumbup:

steve`o Oct 27th 2012 11:31 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Pit Bull. (Post 10353310)
Calm down honestly, read your posts back YOU do the attacking, YOU get personal, YOU seem angry, I don't care what you think, once a person gets personal, their views are pointless to me, sometimes you actually talk sense, but then you get personal and I think, what a numpty. Just ignore me and I will ignore you, or don't, I don't give a rats arse whether you do or don't. :thumbup:

like i said if you take the comment
your in la la land as a personal attack
well your obviously a delicate flower

why not come back with something intelligent to say otherwise you just show every body what a fool you are

steve

Pit Bull. Oct 27th 2012 11:36 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by steve`o (Post 10353314)
like i said if you take the comment
your in la la land as a personal attack
well your obviously a delicate flower

why not come back with something intelligent to say otherwise you just show every body what a fool you are

steve


Your the fool fella, read your weird posts, bye. :egyptian:

Pit Bull. Oct 28th 2012 12:02 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by steve`o (Post 10353307)
where do you get 10 million from

wtf ? mining represents about 7% of turnover in au less is terms of employment

try about a quarter of a million
http://www.miningcareers.com/working...erals_industry





you don't do the statistics and predictions for the au government do you ?

steve


I missed this post, I was being sarcastic, it obviously went way over your head, all I hear is that mining is the be all and end all of the Australian economy and without it Austalia will wither and die ...... Not.

Anyhow to get back on topic, the predictions are is that Australia will have 3% growth next year, that will be 22 years of continuous growth which is incredible when most of the worlds economies are struggling, or imploding and some more good news is like I said earlier...... The UK has come out of the double dip recession with a whopping 1% growth figures in the last quarter, just how anyone can make two positives, into negatives I don't know, I'm not saying everything is hunky dory, all I'm saying is that the growth figures are looking A, OK. :thumbsup:

steve`o Oct 28th 2012 12:05 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Pit Bull. (Post 10353341)
I missed this post, I was being sarcastic, it obviously went way over your head, all I hear is that mining is the be all and end all of the Australian economy and without it Austalia will wither and die ...... Not.

Anyhow to get back on topic, the predictions are is that Australia will have 3% growth next year, that will be 22 years of continuous growth which is incredible when most of the worlds economies are struggling, or imploding and some more good news is like I said earlier...... The UK has come out of the double dip recession with a whopping 1% growth figures in the last quarter, just how anyone can make two positives, into negatives I don't know, I'm not saying everything is hunky dory, all I'm saying is that the growth figures are looking A, OK. :thumbsup:

and my point was that the figures are supplied by the au government who is good at one thing

getting its facts wrong

au is a great place to live but you cannot believe all you read,
you have to sort the facts from government fiction just the same as in many other countries

steve

ps do you believe everything the current uk government tell you? i would think perhaps not
if thats the case apply the same to facts n figures quoted by our lot

Pit Bull. Oct 28th 2012 12:11 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by steve`o (Post 10353346)
and my point was that the figures are supplied by the au government who is good at one thing

getting its facts wrong

au is a great place to live but you cannot believe all you read,
you have to sort the facts from government fiction just the same as in many other countries

steve

ps do you believe everything the current uk government tell you? i would think perhaps not
if thats the case apply the same to facts n figures quoted by our lot

Cheers for the normal conversation, without the insults, which I have no problem with, but it does spoil the thread, your right I don't believe any figures from the government in Australia or the UK, but it's all we have to go by and on this occasion it's good, maybe falsified figures rather than bad falsified figures.

Pit Bull. Oct 29th 2012 9:14 am

Re: Aussie inflation rises
 

Originally Posted by Fran_L (Post 10347037)
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


Inflation was at 1% in Australia and has just gone up to 1.4% blimey that's good. Why do they give such high wage rises then? Wages have gone up by an average of above 4% year on year for the last ten years. :nod:

Vash the Stampede Oct 29th 2012 9:32 am

Re: Aussie inflation rises
 
1.4%? 'Lock up the credit card Martha, we can't afford Kellogg's this week!' :eek:

UK is currently 2.2%. EU is 2.6%.

Pit Bull. Oct 29th 2012 9:34 am

Re: Aussie inflation rises
 

Originally Posted by Vash the Stampede (Post 10355154)
1.4%? Lock up the credit card Martha, we can't afford Kellog's this week! :eek:

UK is currently 2.2%. EU is 2.6%.


Here in the UK it has come down at last, I started a thread about it, but it was running at above 5% not long back and we weren't really getting any pay rises.:thumbdown:

steve`o Oct 29th 2012 9:50 am

Re: Aussie inflation rises
 

Originally Posted by Pit Bull. (Post 10355113)
Inflation was at 1% in Australia and has just gone up to 1.4% blimey that's good. Why do they give such high wage rises then? Wages have gone up by an average of above 4% year on year for the last ten years. :nod:

please back this up with some facts

DownUnderPaddy Oct 29th 2012 11:54 am

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.

Not just incredible, completely off the map, which is not a good thing.
Normal boom/bust cycles are 7-10 years.
We are so far outside the typical predictive pattern after 21 years of uninterrupted growth that it is a wee bit scary to think what might happen once the party ends.

chris955 Oct 29th 2012 3:52 pm

Re: Aussie inflation rises
 

Originally Posted by steve`o (Post 10355196)
please back this up with some facts

Hahaha, you're funny. :D

steve`o Oct 29th 2012 5:10 pm

Re: Aussie inflation rises
 

Originally Posted by chris955 (Post 10355728)
Hahaha, you're funny. :D

lost me there chris?

chris955 Oct 29th 2012 5:57 pm

Re: Aussie inflation rises
 

Originally Posted by steve`o (Post 10355904)
lost me there chris?

Sorry, you asked for a throw away comment to be backed up with facts, it isnt likely to happen. ;)

steve`o Oct 29th 2012 6:15 pm

Re: Aussie inflation rises
 

Originally Posted by chris955 (Post 10355984)
Sorry, you asked for a throw away comment to be backed up with facts, it isnt likely to happen. ;)

true,
its just when i`m told the streets paved with gold i`d like to see some shiny pictures

chris955 Oct 29th 2012 6:42 pm

Re: Aussie inflation rises
 

Originally Posted by steve`o (Post 10356006)
true,
its just when i`m told the streets paved with gold i`d like to see some shiny pictures

True enough, it also helps if the person telling you has actually lived in that country ;)

Kim67 Oct 29th 2012 8:40 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by DownUnderPaddy (Post 10355387)
Not just incredible, completely off the map, which is not a good thing.
Normal boom/bust cycles are 7-10 years.
We are so far outside the typical predictive pattern after 21 years of uninterrupted growth that it is a wee bit scary to think what might happen once the party ends.

They'll put Bondy back in jail, that's what happened last time, all the rest are dead - they'll have to find a new bunch to throw in the slammer.

ozzieeagle Oct 30th 2012 5:01 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by Kim67 (Post 10356333)
They'll put Bondy back in jail, that's what happened last time, all the rest are dead - they'll have to find a new bunch to throw in the slammer.


I think they blamed the Sheep in 86/87 .... They killed them all....Consequently you could buy a side of lamb for about 8 bucks.

Maybe they'll do the Cows next time around, and we'll get cheap beef . :flypig:

chris955 Oct 30th 2012 5:45 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by steve`o (Post 10353346)
and my point was that the figures are supplied by the au government who is good at one thing

getting its facts wrong

au is a great place to live but you cannot believe all you read,
you have to sort the facts from government fiction just the same as in many other countries

steve

ps do you believe everything the current uk government tell you? i would think perhaps not
if thats the case apply the same to facts n figures quoted by our lot

The big difference is that YOU are actually living in Australia and not relying on Google for your information on just how the economy is doing.

TheArmChairDetective Oct 30th 2012 6:19 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by steve`o (Post 10353346)
and my point was that the figures are supplied by the au government who is good at one thing

getting its facts wrong

au is a great place to live but you cannot believe all you read,
you have to sort the facts from government fiction just the same as in many other countries

steve

ps do you believe everything the current uk government tell you? i would think perhaps not
if thats the case apply the same to facts n figures quoted by our lot

I take you point and agree with you.
Thankfully you can do your own alternative research for a balanced view. For example using Google, if it's a good enough research tool for Branson with his Billions and Sugar with his Millions it's good enough for me:thumbsup:

chris955 Oct 30th 2012 6:21 pm

Re: Australia celebrates 21 years of continuous economic growth
 
:rofl:

steve`o Oct 30th 2012 7:05 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by chris955 (Post 10357778)
The big difference is that YOU are actually living in Australia and not relying on Google for your information on just how the economy is doing.

O dear, it would seem we are missing one such expert

chris955 Oct 30th 2012 7:13 pm

Re: Australia celebrates 21 years of continuous economic growth
 
It would appear so.

TheArmChairDetective Oct 30th 2012 9:20 pm

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by steve`o (Post 10357888)
O dear, it would seem we are missing one such expert

former drip, under pressure?

I'm not sure I agree, I mean...Former?

commonwealth Oct 31st 2012 2:22 am

Re: Australia celebrates 21 years of continuous economic growth
 
so UBS fires many people in London and Connecticut, but not in Sydney. they must know where the real money is.

feel sorry for the guys whose work passes did not work when they tried to pass through the turnstiles.

steve`o Oct 31st 2012 3:11 am

Re: Australia celebrates 21 years of continuous economic growth
 

Originally Posted by TheArmChairDetective (Post 10358052)
former drip, under pressure?

I'm not sure I agree, I mean...Former?

is this the cryptic clue mate?

Pit Bull. Nov 12th 2012 4:12 pm

Re: Aussie inflation rises
 

Originally Posted by steve`o (Post 10355196)
please back this up with some facts

Here you go, just got back from two weeks holiday, I hope you haven't been fretting over waiting for my answer, obviously they are only figures I have come across, you might find different ones.


Average earnings including overtime and yearly pay increases.

May-2000 $45,900 3.59%
May-2001 $47,793 4.12%
May-2002 $50,253 5.15%
May-2003 $53,414 6.29%
May-2004 $54,938 2.85%
May-2005 $58,583 6.64%
May-2006 $59,873 2.20%
May-2007 $62,894 5.05%
May-2008 $65,686 4.44%
May-2009 $69,493 5.79%
May-2010 $73,148 5.26%

Anyone know the last two average pay rises? Looks incredible though, when you think what the average pay rise has been in the UK, over the last 10 years or more, the wage gap has really widened according to the figures.:eek::nod:

Pit Bull. Nov 12th 2012 4:21 pm

Re: Australia celebrates 21 years of continuous economic growth
 
Well I have been sunning myself for two weeks, have I missed anything?

Is the Australian economy still growing?
Is there still no sign of recession?
Is it on, for a straight 22nd year of economical growth?
Is ........ :thumbsup:

chris955 Nov 12th 2012 5:38 pm

Re: Aussie inflation rises
 
:rofl:

commonwealth Nov 12th 2012 6:16 pm

Re: Aussie inflation rises
 
our company implement pay rises that are at least matching the inflation.

commonwealth Nov 12th 2012 6:27 pm

Re: Australia celebrates 21 years of continuous economic growth
 
all of my migrant friends are now employed full time.

Pit Bull. Nov 12th 2012 6:52 pm

Re: Aussie inflation rises
 

Originally Posted by commonwealth (Post 10378763)
our company implement pay rises that are at least matching the inflation.



Pray tell what's a pay rise? :confused:

I haven't had one for years now.:thumbdown:

Grayling Nov 12th 2012 7:19 pm

Re: Aussie inflation rises
 

Originally Posted by Pit Bull. (Post 10378813)
Pray tell what's a pay rise? :confused:

I haven't had one for years now.:thumbdown:

In which job.......your hospital porter or prison warden job:confused::rolleyes:

Pit Bull. Nov 12th 2012 7:23 pm

Re: Aussie inflation rises
 

Originally Posted by Grayling (Post 10378860)
In which job.......your hospital porter or prison warden job:confused::rolleyes:


Morning sweetheart. :hysterical:


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