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-   -   Oz falling from high (https://britishexpats.com/forum/australia-54/oz-falling-high-719155/)

Amazulu May 31st 2011 7:47 pm

Re: Oz falling from high
 
WA grew 3.2% in the same quarter - 6.8% annually

pomtastic May 31st 2011 8:11 pm

Re: Oz falling from high
 

Originally Posted by Amazulu (Post 9401980)
Please define a recession. There is a definition for one and this is not it.

Next

A recession is 2 quarters of negative growth, you know, what WA is experiencing right now.

http://www.afr.com/p/national/wa_eco...VZbHopdO7E1WzN

http://www.theaustralian.com.au/nati...-1226034941282

aussietobe May 31st 2011 8:12 pm

Re: Oz falling from high
 

Originally Posted by Hotton (Post 9401973)
This is the lucky country ,if we need more prosperity we just dig a hole in the earth and flog the stuff to the chinese,no way will we go the way of the UK with there social problems, mass unemployment and property crash . currency devaluation etc it just aint going to be sorry :thumbup:
so if you are thinking of relocating hear get used to it

Reading this one thought comes to mind, these are the key words: giant.chip.shoulder.

phat-dave May 31st 2011 8:29 pm

Re: Oz falling from high
 

Originally Posted by bcworld (Post 9401927)
It's not just the floods. It's the fact the economy is a bit of a one trick pony at the moment with most sectors stagnant at best. Retail, manufacturing, construction are all struggling.

The -1.2% was much worse than predicted.

I agree there are other industries struggling to get traction at present but my comments were to the OP suggesting to get on a plane head home, do not pass go, do not collect $200.

Also, from the reports I've read; UBS, Macquarie & Deutsche all suggested the numbers were better than anticipated and the market responded with demand for AUD increasing thus pushing us to week highs.

cazza36 May 31st 2011 8:34 pm

Re: Oz falling from high
 

Originally Posted by eugene43 (Post 9401875)
looks like the dreaded recession is heading to oz. I feel sorry for the ones who have just come over hope they have return tickets.

well we have been here for 6 months!! love it and have never been so better off? Uk is failing fast, would never move back there. Australia is fab, people great and life style, prices always go up, but hey you cant buy life!!

eugene43 May 31st 2011 8:44 pm

Re: Oz falling from high
 

Originally Posted by cazza36 (Post 9402081)
well we have been here for 6 months!! love it and have never been so better off? Uk is failing fast, would never move back there. Australia is fab, people great and life style, prices always go up, but hey you cant buy life!!

sounds that you have been away longer than six months or your relatives are trying to make you feel good.

saintstu May 31st 2011 8:56 pm

Re: Oz falling from high
 

Originally Posted by eugene43 (Post 9401875)
looks like the dreaded recession is heading to oz. I feel sorry for the ones who have just come over hope they have return tickets.

What?!

I've been here for exactly 6 months today and work is plentiful, I'm earning more money than I ever did in the UK and everyone I meet is far more positive about things than back home.

The reason for the recent dip is unprecedented natural disasters.

The only problems I have is that it's finally started raining here and the football season is over!

Why are so many people on this forum so gloomy about things?

Pollyana May 31st 2011 9:07 pm

Re: Oz falling from high
 

Originally Posted by Beoz (Post 9401990)
That's a bold statement:p

Specially as most of those social problems are already here

eugene43 May 31st 2011 9:26 pm

Re: Oz falling from high
 

Originally Posted by saintstu (Post 9402118)
What?!

I've been here for exactly 6 months today and work is plentiful, I'm earning more money than I ever did in the UK and everyone I meet is far more positive about things than back home.

The reason for the recent dip is unprecedented natural disasters.

The only problems I have is that it's finally started raining here and the football season is over!

Why are so many people on this forum so gloomy about things?

if it makes you feel better. You will a excellent ozzy keep on believing everything is rosey while the walls fall around you.

iamthecreaturefromuranus May 31st 2011 9:35 pm

Re: Oz falling from high
 

Originally Posted by Hotton (Post 9402008)
Social problems as in London Manchester Glasgow Cardiff Essex etc Murder Unemployment drugs poverty and i guess someone will say Cabramatta parramatta
Logan etc but they are mild in comparison,

I wonder how many armed robberies have taken place this year in, let say Manchester, compared to the Gold Coast?

quoll May 31st 2011 9:55 pm

Re: Oz falling from high
 

Originally Posted by iamthecreaturefromuranus (Post 9402167)
I wonder how many armed robberies have taken place this year in, let say Manchester, compared to the Gold Coast?

Dunno, how many policemen have been shot in the head in Manchester, compared with the Gold Coast?

Personally I am concerned at Australia's prospects - only because I have a horrible feeling of deja vue having lived here so long. We were riding high once before and then came a mighty fall which made living here very tough for quite a long while. I dont much like being so dependent on the Chinese because they do NOT have Australia's best interests at heart and if they can get what they want, cheaper, elsewhere and with less political interference and uncertainty then they will be off quicker than you can say Chop Suey.

I think many Aussies are going to be caught napping unfortunately.

quoll May 31st 2011 9:56 pm

Re: Oz falling from high
 

Originally Posted by saintstu (Post 9402118)
What?!

I've been here for exactly 6 months today and work is plentiful, I'm earning more money than I ever did in the UK and everyone I meet is far more positive about things than back home.

The reason for the recent dip is unprecedented natural disasters.

The only problems I have is that it's finally started raining here and the football season is over!

Why are so many people on this forum so gloomy about things?

Ah well, give it another 6 months and you might begin to see the light LOL

quoll May 31st 2011 9:58 pm

Re: Oz falling from high
 

Originally Posted by cazza36 (Post 9402081)
well we have been here for 6 months!! love it and have never been so better off? Uk is failing fast, would never move back there. Australia is fab, people great and life style, prices always go up, but hey you cant buy life!!

You're coming to Canberra? Hmm, you probably wont be so well off when you arrive here, housing is crazy expensive for starters.

Deancm_MKII May 31st 2011 10:09 pm

Re: Oz falling from high
 

Originally Posted by quoll (Post 9402206)
Dunno, how many policemen have been shot in the head in Manchester, compared with the Gold Coast?

Personally I am concerned at Australia's prospects - only because I have a horrible feeling of deja vue having lived here so long. We were riding high once before and then came a mighty fall which made living here very tough for quite a long while. I dont much like being so dependent on the Chinese because they do NOT have Australia's best interests at heart and if they can get what they want, cheaper, elsewhere and with less political interference and uncertainty then they will be off quicker than you can say Chop Suey.

I think many Aussies are going to be caught napping unfortunately.

Just wait until the carbon tax starts...

HelenTD May 31st 2011 10:15 pm

Re: Oz falling from high
 

Originally Posted by saintstu (Post 9402118)
The only problems I have is that it's finally started raining here and the football season is over!

Why are so many people on this forum so gloomy about things?

Thank Christ it's raining, only wish Perth drivers would adapt:ohmy:. For those of us with Aussie OHs, the football season is only a couple of months underway, 5 more months to go:eek:.


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