Moses2013

A quick Google and you'll always find negative news. It's nothing new and just how the world is today.


https://www.wsws.org/en/articles/201.../jobs-j23.html


Ford Australia and Toyota continue to move towards wrapping up their Australian operations in Victoria by the end of this year and 2017 respectively, at the cost of 3,350 jobs. Industry specialists estimate that closure of the three car-makers will lead to the loss of up to 150,000 flow-on jobs, including thousands at auto parts manufacturers and other suppliers.

Beoz

Is Australia still trying to make cars?

Man they should give that game away with the wage competition from Asia, unless of course they want to offer the world a different product, a differentiator.

OzTennis

Twas you who failed - see Post 171. 'Overseas property investors are buying up cheaper houses in Britain so the prospects must be rosy and nothing you or even the PM or Chancellor say can sway me from that'. (Paraphrasing your stance). You then publish a link which says the property market in London is well down after the initial surge due to the > 20% cheaper pound.

The other poster who says if economists don't predict something correctly than they have IQ's of fish. A bit like saying the medical profession is absolutely useless because they can't find a cure for the common cold or cancer.

Beoz

Really. Its also a bit like you saying masses of foreign property investors don't know what they are doing. So who failed?

OzTennis

I'm saying it's not proof of anything. We've had 2 local businesses close down and people put out of work as they have decided to relocate to the continent post-Brexit to be in the single market (a person we know lost their job). I'll tell him, no need to worry, you're still in a job, foreign investors are savvy and know what they are doing.

Who failed? The foreign investors bought up London property due to the cheaper pound, the market has fallen. They were either too short sighted to see what would happen or they intend to keep the property for the long haul when they won't lose out.

What happens to the economy is of course another story - that's purely the capital city property market you think is rosy because of the actions of a relative few.

Beoz

Short sighted? Long haul? Sure, a buy and flip in a year may not be wise. What about 5? Is that long haul enough? Will Britain be fine in 5 years? Those short sighted, long haul investors seem to think so.

Moses2013

On the bright side, Scotland has plenty of space to grow fruit and veg and people still have enough space in their garden for a polytunnel. It might be a simple life, but they won't starve.