Australia’s Economy is a House of Cards
 

Very long article about the Australian economy but well worth a read.

Australia’s Economy is a House of Cards

Re: Australia’s Economy is a House of Cards
 

A house of cards being about right. A foundation built in sand never likely to survive a change in climate. Good luck , deck chairs , lack of transparency etc....... all thrown in the mix ....hard to see what could go possibly wrong

Re: Australia’s Economy is a House of Cards
 

When are you leaving then?

Re: Australia’s Economy is a House of Cards
 

Why would I be leaving when blindly obvious from your posts, as an example, that there is so much work to be done saving folk from drowning in their own ignorance? Futile as that may be.

Re: Australia’s Economy is a House of Cards
 

Of course having the fastest population growth in the western world, (perhaps outside USA) due mostly to excessive immigration hides in part some of the issues while illuminating others.

Re: Australia’s Economy is a Houayersse of Cards
 

How's Germany going with the 1million plus, 3rd world muslim migrants they recently allowed in? How much is that costing the German taxpayers? I believe the young German women of Cologne are happy as!

Re: Australia’s Economy is a House of Cards
 

Herman the German saving us all from ourselves!

Your purpose of being

Onya Herm

Re: Australia’s Economy is a Houayersse of Cards
 

Perhaps get yourself some personal insight and travel and find out. Don't believe all you read in Daily Express or associated media with own agenda.


Most of all rid yourself of your ignorant prejudices that are all too apparent on this forum.


There are certainly issues as would be expected in any nation with the sudden, dropping of border controls in admitting a large number of incomers. There are plenty of positive stories coming out as well. In such cases one may witness humanity at its best and worst.
You would need to read German and home press to get a true feeling of the diversity of opinion on such matters.

Re: Australia’s Economy is a House of Cards
 

Well you are evidently beyond salvation. No kind term can be thought of to express best preferred outcome with regards to yourself .....so best left blank in the hope a measurement of self awareness what it is to be part of Team Human may one day eventuate.


Never know you may learn a little about how to discuss the Australian economy en route. That is the subject up for discussion.

Re: Australia’s Economy is a House of Cards
 

The first post could be said of many Western economies including Canada

Re: Australia’s Economy is a House of Cards
 

Yeah, I'm pushed to think of any economy that's not built on sand:

• UK : The brexit vote, coupled with the incompetent handling, means a major 'correction' is going to happen.
• EU : There are fundamental, basic, issues with the structure that mean that sooner or later the whole thing will come apart, and when it does even Germany is going to hurt a lot.
• US : Massive imbalance in the economy, with unfunded tax decreases for the rich and a currency that's being moved away from as the default, thanks to muttonheaded morons in charge.
• South & Central America : Continue to be basket cases
• Africa : Ditto
• Middle East : We can see the end of the primacy of oil coming over the horizon, coupled with loonies everywhere
• Russia : Similarly challenged on the oil front, coupled with top to bottom corruption.
• China : In debt to it's eyeballs and dependent on export to countries we already covered.
• Australasia : Housing bubble that they stop from bursting last GFC, but didn't then fix. Dependent on resources exports, which are turning down anyway (coal) and are dependent on the above.

Frankly, we know there's another GFC coming, coz we didn't fix anything after the last one. When it does the whole house of cards above will come down. I'm thinking there will be revolutions in at least some of the above, and thus the rich and banksters will get hunted, no matter where they try to run.


No wonder Elon wants a self sufficient colony on Mars ASAP ...

Re: Australia’s Economy is a House of Cards
 

when 30% dont know their interest rate....

i think 50% have been property muppets, generating a self fulfilled problem.

what does residential property have to do with business? You would expect by linkage of oz bankers its part and parcel of doing business.

Re: Australia’s Economy is a House of Cards
 

When are you signing up?

Re: Australia’s Economy is a House of Cards
 

60% of bank loans in OZ, goes to property speculation from memory. Very high. Easy business for banks of course. Although hardly productive. No worries. When the prices tumble the banks know full well to big to fail. The people to the rescue.

Re: Australia’s Economy is a House of Cards
 

As some who has spent some time recently negotiating with banks over property purchases and mortgages, I can confirm the banks aren't giving away mortgages, despite all that crap you read and believe in the press. If they think its a dud, they won't loan. Simple.