commonwealth

maybe they faked it and overstated it so the RBA can cut rates!

chris955

Nothing would surprise me.

Pit Bull.

Well the simple facts are Australia is nowhere near recession, I know some want it to be, which I find strange, but it isn't. Lets hope the jobless rise is a blip and unemployment goes down next time the figures are out.

chris955

I cant imagine anyone wanting the country to go into recession, that is a bit odd.
When you consider all the public servants that have been laid off havent even entered the system yet I would be incredibly surprised if the rate went down next month.

Pit Bull.

Theres plenty who would like to see Australia go into recession, what about you?


You haven't got a good word to say about it.

Pit Bull.

NO.

WestLondonWelshman

The main problem Australia has is the two-speed economy. A rebalance away from mining and a weakening of the dollar, which is too strong at the moment would be the best thing for everyone. Mining booms are fickle things and lets be frank most people want a comfortable life on the east coast, being able to afford to drink in the bars and go for meals in nice restaurants, not paying huge mortgages and having the cost of everything inflated due to businesses cashing in on those home for shore leave after sweating it out on inflated salaries in the pilbarra...

commonwealth

same same

commonwealth

i work in finance and a lot of deals are from the mining sector.

the miners don't work in a vacuum

WestLondonWelshman

you seem to take great delight and pride in boasting about how much money you have. Most people I know with plenty of cash, which are plentiful in my neck of the woods tend to keep quiet about it!!

commonwealth

who said i have wads of cash?

WestLondonWelshman

Well i just assume from the fact you have stated you have paid of your mortgage, plenty of disposable cash and are cracking out multi million dollar financial deals on a daily basis. So you I guess?!

commonwealth

no. i only said the resource sector does not operate in isolation.

commonwealth

and who said i took s mortgage in the first place

Pit Bull.

There's a nasty rumour going round that Australia might go into recession this ....... Century sometime. Lol