Australian recession
Dec 14th 2004, 2:21 pm
#1
Account Closed
Thread Starter
Joined: Oct 2004
Posts: 324
Australian recession
What happens when you borrow money? One day you have to pay it back!
What happens when lots of people borrow money at the same time?
http://news.ninemsn.com.au/article.aspx?id=23961
http://www.thecouriermail.news.com.a...5E3122,00.html
http://afr.com/articles/2004/12/03/1101923320265.html
AUSTRALIA could be heading towards a similar downturn to the Great Depression
Hmmm what will happen to the price of real estate then? (you know when you lose your job, interest rates increase)
Could be avoided with stern economic policy, but the current govt has ridden the wave and has IMHO - NO ECONOMIC CREDIBILITY.
What happens when lots of people borrow money at the same time?
http://news.ninemsn.com.au/article.aspx?id=23961
http://www.thecouriermail.news.com.a...5E3122,00.html
http://afr.com/articles/2004/12/03/1101923320265.html
AUSTRALIA could be heading towards a similar downturn to the Great Depression
Hmmm what will happen to the price of real estate then? (you know when you lose your job, interest rates increase)
Could be avoided with stern economic policy, but the current govt has ridden the wave and has IMHO - NO ECONOMIC CREDIBILITY.
Last edited by eatstatic; Dec 14th 2004 at 2:24 pm.
Dec 14th 2004, 2:32 pm
#2
small steps long journey
Joined: Aug 2003
Location: A river somewhere
Posts: 3,451
Re: Australian recession
Originally Posted by eatstatic
What happens when you borrow money? One day you have to pay it back!
What happens when lots of people borrow money at the same time?
http://news.ninemsn.com.au/article.aspx?id=23961
http://www.thecouriermail.news.com.a...5E3122,00.html
http://afr.com/articles/2004/12/03/1101923320265.html
AUSTRALIA could be heading towards a similar downturn to the Great Depression
Hmmm what will happen to the price of real estate then? (you know when you lose your job, interest rates increase)
Could be avoided with stern economic policy, but the current govt has ridden the wave and has IMHO - NO ECONOMIC CREDIBILITY.
What happens when lots of people borrow money at the same time?
http://news.ninemsn.com.au/article.aspx?id=23961
http://www.thecouriermail.news.com.a...5E3122,00.html
http://afr.com/articles/2004/12/03/1101923320265.html
AUSTRALIA could be heading towards a similar downturn to the Great Depression
Hmmm what will happen to the price of real estate then? (you know when you lose your job, interest rates increase)
Could be avoided with stern economic policy, but the current govt has ridden the wave and has IMHO - NO ECONOMIC CREDIBILITY.
Dec 14th 2004, 2:33 pm
#3
I AM 1 PERSON-UNDERSTAND?
Joined: Dec 2004
Location: Melbourne
Posts: 377
Re: Australian recession
Originally Posted by eatstatic
What happens when you borrow money? One day you have to pay it back!
What happens when lots of people borrow money at the same time?
http://news.ninemsn.com.au/article.aspx?id=23961
http://www.thecouriermail.news.com.a...5E3122,00.html
http://afr.com/articles/2004/12/03/1101923320265.html
AUSTRALIA could be heading towards a similar downturn to the Great Depression
Hmmm what will happen to the price of real estate then? (you know when you lose your job, interest rates increase)
Could be avoided with stern economic policy, but the current govt has ridden the wave and has IMHO - NO ECONOMIC CREDIBILITY.
What happens when lots of people borrow money at the same time?
http://news.ninemsn.com.au/article.aspx?id=23961
http://www.thecouriermail.news.com.a...5E3122,00.html
http://afr.com/articles/2004/12/03/1101923320265.html
AUSTRALIA could be heading towards a similar downturn to the Great Depression
Hmmm what will happen to the price of real estate then? (you know when you lose your job, interest rates increase)
Could be avoided with stern economic policy, but the current govt has ridden the wave and has IMHO - NO ECONOMIC CREDIBILITY.
If not, have you tasted a cold beer lately?Chill man....
Where on earth are you going to find Utopia apart from Utopia itself?
Dec 15th 2004, 5:57 am
#4
Banned
Joined: Jul 2003
Posts: 1,048
Re: Australian recession
Economies with floating exchange rates are being clobbered:
UK trade deficit : £3.8 billion in October (~ $A 10 billion).
AU trade deficit: $A 2.24 billion in October.
UK trade deficit : £3.8 billion in October (~ $A 10 billion).
AU trade deficit: $A 2.24 billion in October.
Last edited by Quinkana; Dec 15th 2004 at 6:25 am.
Dec 15th 2004, 6:08 am
#5
Guest
Posts: n/a
Re: Australian recession
The problem is deciding which "experts" to listen to. Some say one thing some say another.
I was listening to one today, who was saying that property prices may stand still for 12-24 months before rising again after that period.
Some experts even say that the current government has a lot of Economic Credibility. But I suppose Kong had much more experience and would know better
I was listening to one today, who was saying that property prices may stand still for 12-24 months before rising again after that period.
Some experts even say that the current government has a lot of Economic Credibility. But I suppose Kong had much more experience and would know better
Dec 15th 2004, 6:30 am
#6
Living in Perthection
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
Re: Australian recession
Originally Posted by ABCDiamond
The problem is deciding which "experts" to listen to. Some say one thing some say another.
I was listening to one today, who was saying that property prices may stand still for 12-24 months before rising again after that period.
Some experts even say that the current government has a lot of Economic Credibility. But I suppose Kong had much more experience and would know better
I was listening to one today, who was saying that property prices may stand still for 12-24 months before rising again after that period.
Some experts even say that the current government has a lot of Economic Credibility. But I suppose Kong had much more experience and would know better
http://news.ninemsn.com.au/article.aspx?id=4052
released about 2hrs after the first one on eatstaic's post in short it says the economy is going to continue to grow strongly through the first half of 2005...
