pomtastic

Didn't know that. I'd thought LPG would get cheaper considering the world is discovering gas left right and centre and Aus is the epicentre of world gas reserves. Oh well, another rip off to add to the pile.

Anyway, I'm not listening to that rubbish, it's cheap here in Aus and everything is rosy and everyone's bleeding 50 dollar notes coz were so bloody better than the rest of the world and I love gloating at the poor Poms who are trying to migrate here..

coolshadows

probably putting duty on LPG cause of the following...

pomtastic

I'm glad you have finally seen the light ABCDiamond.

It wasn't that long ago you were telling everyone how different the Aussies were, how they wasn't in debt as much as other Western countries and how so much more prudent they are.

Good work, keep it up.

PS, can't remember exactly what you said but it was along those lines and I can't be arsed to source it.

pomtastic

What next? The price of beef going up (again) because cows farting is causing more damage to the ozone layer than first thought.

Oh dear, probably given the tax people an idea ... should of kept that quiet.

coolshadows

nah, otherwise they'd start taxing tins of beans too.

pomtastic

Price of Baked Beans doesn't affect me personally, too expensive to buy as it is.

Missing those 9p tins of Tesco Value beans, do they still do those in UK?

Vash the Stampede

I try to avoid troll threads these days, but this one was irresistible. Since when was Australia "the epicentre of world gas reserves"? If you look at the data you'll see that we're actually 27th on the list, which in global terms is little more than a polite burp.

The epicentre of world gas is Russia, with gas reserves 212 times larger than Australia's.

pomtastic

Thanks for letting me know that Vash. From reading the West Australian newspaper here in Perth I was under the impression that we had hit gold on Gorgon and that everyone in the world was going to be queuing up to get our gas supply and we'd be all rich forever and more. Amen.

27th on the list - that's made my day!

coolshadows

Probably like that moment when Rudd had been talking big about being the center player in signing an imminent global agreement on emissions, only to find out the big players had privately 'signed' an agreement without his input.

pomtastic

ABCDiamond

I think you you should try to find it, you may be mistaken slightly...

What I did say was that the recession was not going to hit Australia as hard as everywhere else, due to the overall situation here being such that the country was able to avoid it.

I was also talking about the countries debt, not individual householders. Two different things that should not be confused so easily...

I have however mentioned credit card debt, but the change was not overly significant, and only mentioned to clarify someone else stating over-inflated / exaggerated figures. I probably said it wasn't as bad as they were saying, very different to what you seem to have inferred.

eg: Average Credit Card debt balances:
Sep-2008 $2,240.38
Sep-2009 $2,260.14

pomtastic

It's not the credit debt that's the biggie, it's the mortgage refinancing, you know, bunging on a lump sum on your mortage to do household improvements, new car, holidays, pay off credit card debt.

Apparently, mortgage refinancing is the biggest growing sector of the mortgage market - basically, loans against house prices staying high. Scary concept if it goes tits up.

Nicholas Cage, 5th highest paid actor with earnings of $40 million a year, according to Forbes magazine, has been unable to sell his Bel Air mansion for the asking price of $35 mill, bidding started at $10.4 mill but no takers. Cage had 6 loans against his property of $18 mill (he spent it on shit, yachts, more property, art, jewellry. I know this is an extreme case but I bet plenty of Aussies would be in a scaled down version if property prices dropped, that is, they would owe more than the house is worth even though they have been paying off the mortgage for 10 + years.

http://www.theage.com.au/world/and-t...0409-ryr1.html

I know plenty of Perthies 'living the life' here, new car, flash holidays, latest gear all on the never never - it's more rife than you think and people just don't seem to give a damn. Glad, I'm doing the total opposite as I think the majority have got it so wrong and will get stuffed eventually.

pomtastic

Here we go, one for ABCDiamond. This isn't going to end well.

Property boom spurs spending spree