Oz falling from high
Jun 1st 2011 | 6:56 am
#61
BE Enthusiast
Joined: Sep 2004
Posts: 938
From: London - but only until I can afford to move back to Sydney
Re: Oz falling from high
How is it laughable? Queensland was at UK unemployment rates before the floods, NSW is a debarcle and has been for years and I don't see much other than IT professionals interested in Sydney. Just working class moving to Perth.
Perhaps your laughing because you're an idiot.
Perhaps your laughing because you're an idiot.
Jun 1st 2011 | 8:52 am
#62
Thread Starter
BE Enthusiast
Joined: Sep 2008
Posts: 943
From: newbury
Re: Oz falling from high
Recession is all relative.... if you'd mortgaged yourself to the last dollar of your pay packet its obviously not going to end well but if you've been careful in good times the bad times won't be so bad. We've just gone thru what everyone is describing as the worst recession ever in the UK and personally we've never been better off than we are now. Know someone will ask why we're moving then ..... we want to be closer to family and as people who've moved all over the world we're ready for a new adventure.
Jun 1st 2011 | 10:01 am
#63
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: Oz falling from high
Regardless of the recently published figures, it is prudent to keep one fact in mind....
We have had 20 years of growth uninterrupted by any recession.
However, we operate in a boom/bust economic cycle just like everyone else.
When you consider that they are normally 7-10 years apart, we should admit that we are way overdue for some form of serious (and much needed) correction here.
What triggers the bust cycle, and when that will happen are merely speculative side notes of interest.
The key thing to take away from this is that boom cycles in growth based economies cannot run indefinitely. That is simply not possible.
On a related note, the following makes for a fascinating read :
The Optimism Bias
http://www.time.com/time/health/arti...074067,00.html
We have had 20 years of growth uninterrupted by any recession.
However, we operate in a boom/bust economic cycle just like everyone else.
When you consider that they are normally 7-10 years apart, we should admit that we are way overdue for some form of serious (and much needed) correction here.
What triggers the bust cycle, and when that will happen are merely speculative side notes of interest.
The key thing to take away from this is that boom cycles in growth based economies cannot run indefinitely. That is simply not possible.
On a related note, the following makes for a fascinating read :
The Optimism Bias
http://www.time.com/time/health/arti...074067,00.html
Last edited by DownUnderPaddy; Jun 1st 2011 at 10:18 am.
Jun 1st 2011 | 10:23 am
#64
Proudly Deplorable
Joined: May 2003
Posts: 24,249
From: Alloha snack bar
Re: Oz falling from high
It's not anti Australian to feel negative about the economy. If you think it is then you are a fool and riding for a fall. It's perfectly rational to feel that the economy may have had it's day in the sun and be on the way down. I guess that you would categorize me as anti Australian because I'm back in the UK but contrary to that I'm very pro Australian I just recognize the problems and am making plans to avoid them because I have options to do that.
Jun 1st 2011 | 10:25 am
#65
Proudly Deplorable
Joined: May 2003
Posts: 24,249
From: Alloha snack bar
Jun 1st 2011 | 10:43 am
#66
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: Oz falling from high
I miss the old patronising "Of course it's different here" with a knowing wink 
I haven't seen one of those used in action on here for at least a couple of years.
I haven't seen one of those used in action on here for at least a couple of years.
Jun 1st 2011 | 10:47 am
#67
BE Enthusiast
Joined: Jul 2008
Posts: 823
Re: Oz falling from high
Why don't we revisit this thread in 3 months when the next set of data will be in, given a recession is 2 quarters of negative growth? My money is on a big positive number barring any further environmental or global challenges, especially quarter on quarter.
Jun 1st 2011 | 10:48 am
#68
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: Oz falling from high
Jun 1st 2011 | 10:57 am
#69
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Oz falling from high
Well Aus Post workload went through the roof this week... So in relation to that other thread re Aus post financial barometer, We've had so much work this week you could have mistaken it for Xmas week... Must have been the pre Tsunami tide out, the previous 10 days.
Jun 1st 2011 | 11:02 am
#70
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
Re: Oz falling from high
End of tax year anomaly, perhaps?
(except me).
Jun 1st 2011 | 11:52 am
#74
Proudly Deplorable
Joined: May 2003
Posts: 24,249
From: Alloha snack bar
Re: Oz falling from high
This would be the sensible thing to do, but this is BE.............
Jun 1st 2011 | 12:27 pm
#75
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Oz falling from high
Internet orders from abroad?
