Originally Posted by slippery30 (Post 7996735)

Maybe u cant find a job because you are on a student visa and do not have right to work. Very few employers are sponsoring employees in current times..

Originally Posted by slippery30 (Post 7996735)

Maybe u cant find a job because you are on a student visa and do not have right to work. Very few employers are sponsoring employees in current times..

Originally Posted by Grayling (Post 7996311)

:confused:

Australia isn't in the developed world.

Originally Posted by balkanghost (Post 7997537)

But, the real economy lags behind.....USD does not count anymore...Australia has become more expensive, we have highest ratio of consumer debt to household income ratios in the world, and a housing market waiting to be deflated so debt can be leveraged out of personal balance sheets.....

Originally Posted by Kaneez (Post 7994918)

Hi all
Just to update, as per aussi channels today, the experts are saying that the financial crises is over, in australia. AUD has increased to 0.889USD, interest rate increase to 3.25% as announced by aus reserve bank...

Originally Posted by freebo (Post 7997565)

Interesting stuff thanks, didn't realise the consumer debt level was so high, do you have a source?

Originally Posted by mpgrewal (Post 7996862)

How come part time jobs like washing, meat cutting, night fill, stewardship, etc require full right to work.. They are meant for students.

Originally Posted by aliash (Post 7995527)

I dont know how it is over....!! I am in melbourne on student visa.. and from 7 month i am jobless.. I am a professional engineer and doing my masters from here and applying for jobs like cleaning and car wash aswell but still not getting response from any where...!! I don't know how come they came into such conclusion..Huh..

Originally Posted by upyerfud (Post 7996290)

That would be the same "experts" who didn't see, or who had a vested interest in not broadcasting the financial mess of the last 2 years.
Unemployment is still rising, Aus exports are becoming more expensive due to strong dollar, house prices at unsustainable levels in relation to average earnings, hugely increased government debt, falling demand from China for raw materials.
I would never ever believe what "experts" in the media say, they are too much in hock with the people who pay their papers and TV stations millions of dollars in advertising revenue every year. Banks, credit card companies, real estate agencies etc. And they are too far up the arses of the politicains in Canberra to dare say a word against them. They are not going to bite the hand that feeds them are they?
Australia's property market is 1 of the few bubbles that hasn't burst yet, its not a matter of if but when. Once Fudds homebuyers bribe ends and interest rates go up another 1-2% then we'll see what the experts have to say then. When thousands of people who were suckered into investing in property at a time of high prices and low interest rates start defaulting thats when you will see how useless these experts really are.:thumbdown:

Financial crisis over? More like it hasn't really begun yet here.

Originally Posted by easty1976 (Post 7999011)

My own instincts tell me that something is coming that will make the recent crisis look like a picnic in the park. As someone mentioned people are still listening to the people who never saw the last several months events coming!:huh: I believe something will happen in America very soon on a financial scale never seen before that will affect every country in the world, stocks will crumble and people will lose savings. Countries are pulling out of using US dollars to trade oil and there is a reason for this.

Originally Posted by Zambia (Post 7999080)

Hang on before you go predicting doom and gloom, at the end of the day we all still will need stuff like food, clothes, fuel, lights, water , furniture etc.

The economy contracts but essentially unless you vote in a Mugabe like character it does not collapse. Even Ireland which is in a bad cheque away from the IMF intervention. People still live and work and buy stuff, granted its hard to live but people still live. So my sister says anyway.