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

slapphead_otool Jun 1st 2011 1:52 pm
Re: Oz falling from high
 
We’re doomed I tell yer, we’re all gonna die. I can see the future and its all over for us.


BE Groundhog day (again)

(again)

(again)

Give it a rest lads.

HelenTD Jun 1st 2011 2:42 pm
Re: Oz falling from high
 
Originally Posted by aussietobe (Post 9402989)
What so different about an Australian-style downturn compared to downturns in other countries???

It almost sounds like people are WISHING for a downturn here.
The boom and bust nature of the economy here, as it's so dependent on resources and agriculture. Home loan interest rates of 17%, little things like that. Some people on here seem to want a downturn so that they can buy property at the very bottom of a depressed market.

Background reading: http://www.segra.com.au/pdf/HaslamMc...ereedPaper.pdf and http://www.abc.net.au/cgi-bin/common...nt/s806367.htm.

Kim67 Jun 1st 2011 2:44 pm
Re: Oz falling from high
 
Where's Bondy? Blame him, he must be due for another stint in Wooroloo.

Deancm_MKII Jun 1st 2011 2:53 pm
Re: Oz falling from high
 
Originally Posted by slapphead_otool (Post 9404113)
We’re doomed I tell yer, we’re all gonna die. I can see the future and its all over for us.
.
01/07/2012 - The Day of Reckoning; the day Australia reverts to a medieval age...

Deancm_MKII Jun 1st 2011 2:53 pm
Re: Oz falling from high
 
Originally Posted by HelenTD (Post 9404165)
The boom and bust nature of the economy here, as it's so dependent on resources and agriculture. Home loan interest rates of 17%, little things like that. Some people on here seem to want a downturn so that they can buy property at the very bottom of a depressed market.

Background reading: http://www.segra.com.au/pdf/HaslamMc...ereedPaper.pdf and http://www.abc.net.au/cgi-bin/common...nt/s806367.htm.
I'm just waiting for the US dollar to crash.

renth Jun 1st 2011 2:54 pm
Re: Oz falling from high
 
Originally Posted by HelenTD (Post 9404165)
Some people on here seem to want a downturn so that they can buy property at the very bottom of a depressed market.
Nothing wrong with that.

Rambi Jun 1st 2011 2:55 pm
Re: Oz falling from high
 
Originally Posted by Deancm_MKII (Post 9404179)
01/07/2012 - The Day of Reckoning; the day Australia reverts to a medieval age...
The Mayans have predicted a serious crash in the stock market in 2012. Although they're not sure whether it'll be in October or December. :unsure:

Deancm_MKII Jun 1st 2011 3:05 pm
Re: Oz falling from high
 
Originally Posted by Rambi (Post 9404187)
The Mayans have predicted a serious crash in the stock market in 2012. Although they're not sure whether it'll be in October or December. :unsure:
I thought the Mayan's prediction was 12/12/2012.

slapphead_otool Jun 1st 2011 3:13 pm
Re: Oz falling from high
 
I have learned two things from economists:

1. Most of them are raving left wing lunatics with barely hidden agendas.
2. None of them could tell you what will happen tomorrow.

I might remind readers that the millions of economists in the world today sat back and didn’t see the GFC coming. Economists were also the idiots who thought the Euro common currency was a good idea.

(I might also point out that the very thing that led to the GFC, Securitisation, is making a comeback. Last year, there were just two or three US dollar investors looking at European asset-backed securities, but now the figure is closer to 30)

Rambi Jun 1st 2011 3:19 pm
Re: Oz falling from high
 
Originally Posted by Deancm_MKII (Post 9404209)
I thought the Mayan's prediction was 12/12/2012.
21/12/2012 is the commonly quoted date.

But there is some talk about October as well.

ozzieeagle Jun 1st 2011 3:34 pm
Re: Oz falling from high
 
Originally Posted by Deancm_MKII (Post 9404209)
I thought the Mayan's prediction was 12/12/2012.

Your just supposed to turn the stone over and look at the other side.

bingobob777 Jun 1st 2011 3:45 pm
Re: Oz falling from high
 
Originally Posted by slapphead_otool (Post 9404219)
I have learned two things from economists:

1. Most of them are raving left wing lunatics with barely hidden agendas.
2. None of them could tell you what will happen tomorrow.

I might remind readers that the millions of economists in the world today sat back and didn’t see the GFC coming. Economists were also the idiots who thought the Euro common currency was a good idea.

(I might also point out that the very thing that led to the GFC, Securitisation, is making a comeback. Last year, there were just two or three US dollar investors looking at European asset-backed securities, but now the figure is closer to 30)
they can afford to be idiots, all that happens is the mug taxpayers get called on to bail them out.

Pollyana Jun 1st 2011 4:44 pm
Re: Oz falling from high
 
Originally Posted by ozzieeagle (Post 9403804)
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.
Ahhh that'll be my latest Amazon free-delivery order :D

aussietobe Jun 1st 2011 5:22 pm
Re: Oz falling from high
 
Originally Posted by slapphead_otool (Post 9404219)
I have learned two things from economists:

1. Most of them are raving left wing lunatics with barely hidden agendas.
2. None of them could tell you what will happen tomorrow.

I might remind readers that the millions of economists in the world today sat back and didn’t see the GFC coming. Economists were also the idiots who thought the Euro common currency was a good idea.

(I might also point out that the very thing that led to the GFC, Securitisation, is making a comeback. Last year, there were just two or three US dollar investors looking at European asset-backed securities, but now the figure is closer to 30)
I don't mean to boast but I saw the GFC coming - especially in Ireland. How ANYONE thought was was going on there was sustainable is unbelievable.

Steve2009 Jun 1st 2011 5:36 pm
Re: Oz falling from high
 
Originally Posted by aussietobe (Post 9404431)
I don't mean to boast but I saw the GFC coming - especially in Ireland. How ANYONE thought was was going on there was sustainable is unbelievable.
There are a wide variety of economists with disparate motivations, theories and experiences. Some got it right, some got it wrong and some were paid to say a certain thing. Lumping them all together is a convenient way of sticking your head in the sand.


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