By: wealthforlife@rocketmail.com
4/06/2009
9:28 am Yahoo! Profile:
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Govt: Positive growth for the Australian economy
3rd Jun 2009
National Accounts show the Australian economy has outperformed every other advanced economy in the March quarter, recording positive growth in the face of a savage global recession.
GDP rose by 0.4 per cent in the March quarter to be 0.4 per cent higher through the year, boosted by early and substantial policy actions by the Rudd Government and the Reserve Bank.
This positive outcome is a testament to Australia's resilience amid the global recession, and compares starkly with nearly all other advanced economies.
Of the other 22 OECD economies that have reported March quarter outcomes, 20 have contracted. G7 economies contracted by an average of 2.2 per cent in the March quarter.
Despite broader weakness in the economy, household consumption spending rose 0.6 per cent in the quarter, contributing 0.3 percentage points to quarterly GDP growth.
Crucially, without the Government's stimulus payments, Treasury estimates the Australian economy would have contracted in the March quarter by around 0.2 per cent.
Household consumption has now grown by 0.8 per cent through the past year. By comparison, private consumption in the G7 area (excluding Italy, due to lack of equivalent data) has contracted by 1.4 per cent over the same period.
As planned, the Government's economic stimulus payments are helping to support demand and employment until direct public investments come fully on stream. Public investment recorded a small negative contribution to growth in the quarter, but should pick up in coming quarters as the next phase of the Government's stimulus plans take effect.
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By: kingat33
4/06/2009
9:10 am Yahoo! Profile:
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| agree little fuzz, think that weatherforlife should get his head examined by a vet in addition to being ban from life in this forum. |
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By: firefly_au
4/06/2009
9:04 am Yahoo! Profile:
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Hello liitle_fuzz :)
Good luck on that one buddy if she gets banned she will only turn up under another ID. So maybe it would be better just to let her continue on as is?
Unless I miss my guess she has already had a number of IDs black listed but here she still is trying her best to anoy Steve he he :)
BYE :) |
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By: little_fuzz87
4/06/2009
8:38 am Yahoo! Profile:
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| Wow is there some way we could have weatherforlife banned from the boards. Stop posting the same thing in every forum you moron. You obviously have no economic or financial knowledge you just post positive news stories which anyone with any sort of intelligence would have already read. If I want to read the news I go to a news website can you try to contribute some actual original thoughts rather than cut an past cra p |
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By: wealthforlife@rocketmail.com
3/06/2009
6:56 pm Yahoo! Profile:
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DONT WORRY STEVE,THIS SHOULD CHEER YOU UP!
OR ANNOY THE CR P OUT OF YOU!
Govt: Positive growth for the Australian economy
3rd Jun 2009
Today's National Accounts show the Australian economy has outperformed every other advanced economy in the March quarter, recording positive growth in the face of a savage global recession.
GDP rose by 0.4 per cent in the March quarter to be 0.4 per cent higher through the year, boosted by early and substantial policy actions by the Rudd Government and the Reserve Bank.
This positive outcome is a testament to Australia's resilience amid the global recession, and compares starkly with nearly all other advanced economies.
Of the other 22 OECD economies that have reported March quarter outcomes, 20 have contracted. G7 economies contracted by an average of 2.2 per cent in the March quarter.
Despite broader weakness in the economy, household consumption spending rose 0.6 per cent in the quarter, contributing 0.3 percentage points to quarterly GDP growth.
Crucially, without the Government's stimulus payments, Treasury estimates the Australian economy would have contracted in the March quarter by around 0.2 per cent.
Household consumption has now grown by 0.8 per cent through the past year. By comparison, private consumption in the G7 area (excluding Italy, due to lack of equivalent data) has contracted by 1.4 per cent over the same period.
As planned, the Government's economic stimulus payments are helping to support demand and employment until direct public investments come fully on stream. Public investment recorded a small negative contribution to growth in the quarter, but should pick up in coming quarters as the next phase of the Government's stimulus plans take effect.
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By: steveb_wilson
3/06/2009
6:55 pm |
Message deleted. Reason: Breach of terms of service |
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By: wealthforlife@rocketmail.com
3/06/2009
4:50 pm Yahoo! Profile:
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Good news bulletin - Australia is not in recession!
The Australian economy expanded by 0.4 per cent in the March quarter, meaning we are not in a recession! Technically a recession is two consecutive quarters of economic contraction, so these latest figures prove that our country was never actually in the recession that all the doom and gloom 'experts' said we were.
The Australian economy was certainly affected by the global financial crisis but it is clear that it has avoided the sort of downturn experienced by other major developed economies. Much of the credit for Australia� s resilience must be given to the swift actions of the Reserve Bank and the Government in stimulating our economy.
Some words of wisdom from the experts at CommSec who have consistently been a source of positive opinion -
Gloom and doom reports in the media almost caused Australians to talk themselves into recession. The important thing now is that commentary and analysis of our economic situation becomes more balanced. While the tough times abroad must be acknowledged, the strong position of our economy must be similarly recognised.
One thing is clear � Australia went close to talking itself into recession. Our economic conditions were nowhere near as bad as other parts of the globe, but somehow we all thought they were as bad. If Australians focus on the opportunities that lie ahead then the rebound could be much quicker and stronger than envisaged only a month ago.
CommSec expects the Australian economy to rebound far quicker than Federal Treasury. In 2008/09 the economy will probably grow by only 0.6 per cent, but 2.1 per cent growth is tipped for 2009/10 and 4.1 per cent growth is expected in 2010/11.
Head to www.goodonyaaustralia.com .au for more positive news stories.
Thanks for your continued support of our initiative.
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By: wealthforlife@rocketmail.com
3/06/2009
4:35 pm Yahoo! Profile:
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Good news bulletin - Australia is not in recession!
The Australian economy expanded by 0.4 per cent in the March quarter, meaning we are not in a recession! Technically a recession is two consecutive quarters of economic contraction, so these latest figures prove that our country was never actually in the recession that all the doom and gloom 'experts' said we were.
The Australian economy was certainly affected by the global financial crisis but it is clear that it has avoided the sort of downturn experienced by other major developed economies. Much of the credit for Australia� s resilience must be given to the swift actions of the Reserve Bank and the Government in stimulating our economy.
Some words of wisdom from the experts at CommSec who have consistently been a source of positive opinion -
Gloom and doom reports in the media almost caused Australians to talk themselves into recession. The important thing now is that commentary and analysis of our economic situation becomes more balanced. While the tough times abroad must be acknowledged, the strong position of our economy must be similarly recognised.
One thing is clear � Australia went close to talking itself into recession. Our economic conditions were nowhere near as bad as other parts of the globe, but somehow we all thought they were as bad. If Australians focus on the opportunities that lie ahead then the rebound could be much quicker and stronger than envisaged only a month ago.
CommSec expects the Australian economy to rebound far quicker than Federal Treasury. In 2008/09 the economy will probably grow by only 0.6 per cent, but 2.1 per cent growth is tipped for 2009/10 and 4.1 per cent growth is expected in 2010/11.
Head to www.goodonyaaustralia.com .au for more positive news stories.
Thanks for your continued support of our initiative.
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By: little_fuzz87
3/06/2009
2:25 pm Yahoo! Profile:
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Just something to read. Her last comment is what people need to be aware of
Australian Property Monitors head of research Yvonne Chan said monthly auction figures for the year showed clearance rates were back to the levels they were in 2007. ``The market has recovered from last year. Month on month clearance rates show some real promising signs and in Sydney and Melbourne clearance rates are around the long-term averages,'' Ms Chan said. However, Ms Chan warned that first-home buyers were the only force driving up clearance rates and holding up the market. ``All the action in the market this year has come from first-home buyers and demand from first-home buyers is definitely still very strong,'' she said. ``With government grants available and interest rates at an all-time low, there's a lot of people who believe now is a good time to be entering the market,'' Ms Chan said. In the private-treaty-sales-domi nated markets of Brisbane and Adelaide, clearance rates were also well up on last year. Ms Chan said the lack of investors was becoming a concern. ``Investors are extremely sceptical of the market at the moment,'' she said. ``There is a belief amongst investors that the first-home buyers grant has artificially inflated prices and an expectation that house prices will fall after the grant expires so many plan on waiting until next year to come back into the market |
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By: jaymarcel
3/06/2009
1:53 pm Yahoo! Profile:
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Novicedealer,
The only people selling are the share market investors who have got themselves financially in the cr@p due to the share market collapse & the need of fast money to recover. I don't know anyone panic selling who only invest in property. |
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By: justd79
3/06/2009
10:56 am Yahoo! Profile:
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First time buyers aren't on their own in being fooled. We all are. Media saturation of telling us what we want, its up to all of us to figure out what we need. Do we all need to gain exorbitant amounts of wealth? Because at the end of the day that is all we are setting out to acheive. Is that the ideal of "success" and to who's detriment? The whole system revolves around feeding us BS, media ties into the finances sector who tie in with guvmints, who "collect" our taxes. Under the guise of servicing our needs.
If only we could use that same passion and drive/desire to find the void that pursuing "wealth" creates, instead of focusing on finding out and what we want. Don't ask me what it is, but try finding it out for yourself. It'll be a hell of a lot more fulfilling than "owning" and buying from conglomorates, which is all we are servicing subconsciously.
The masses can't be fooled forever |
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By: mentawaisurf
3/06/2009
9:58 am Yahoo! Profile:
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| Hi Tangli, i passed through Wagga Wagga as a kid - good memories. I'll have to come visit again sometime. |
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By: tanglihoward
3/06/2009
9:30 am Yahoo! Profile:
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| hai boys, I read in yahoo that house market in USA improve by 6.9%. That is good soon I can refinance and buy more shares. Right now the houses here in wagga Waggga are very cheap you boys better be quick- esp smartie Menta and mr Ken we can be negbors. |
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By: kingat33
3/06/2009
8:17 am Yahoo! Profile:
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| Morning steve, I bet these ill mannered fools are actually people with vested interest and their objective are to disrupt a otherwise peaceful, constructive and intelligent sharing of information, may it be own perceptions or based on secondary sources of data. |
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By: steveb_wilson
3/06/2009
7:38 am |
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By: wealthforlife@rocketmail.com
2/06/2009
10:43 am |
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By: novicedealer
2/06/2009
7:36 am |
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By: jaymarcel
2/06/2009
7:24 am Yahoo! Profile:
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| If you wait to buy property you will not be able to fix a great low rate, now is the lowest you will see them for many years. |
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By: vincenthavelund
2/06/2009
3:27 am Yahoo! Profile:
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| HI, almurrie1@y7mail.com, a good message with variety I like this one very much. You have a sense of humour, encouragement to others and some good information bravo. |
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By: wealthforlife@rocketmail.com
1/06/2009
5:05 pm Yahoo! Profile:
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GREAT POST ONE POST
Sorry they [ it] assumed you are me.I'm a bit miffed actually!
I rather enjoy playing the 'heckler' of 'hecklurr' role as that was one of my former ID'S which I'm fully prepared to admit to until these nasties kept complaining and whinging to YAHOO until I was banned.
Funny how they appear to promote free speech and go on about Chinas lack of freedom etc and yet they hypocritically run to YAHOO as soon as anyone disagrees with them! What a joke!
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By: warren_buffett65
1/06/2009
10:20 am |
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By: rodneythesaviour
1/06/2009
10:18 am Yahoo! Profile:
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HOW PREDICTABLE..
The HECKLER sets up yet another ID to harass and insult..
onepost.only, (A.K.A. "the HECKLER") -
Can you not see (read) thta ONLY your posts contain insulting comment in response to others posts? |
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By: onepost.only
1/06/2009
10:08 am |
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By: rodneythesaviour
1/06/2009
10:03 am Yahoo! Profile:
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Very nicely put novicedealer!
But sadly, I fear to no avail.
The HECKLER, (A.K.A. wealthforlife@rocketmail. com & numerous other fake I.D.'s) has already proven itself to be incapable of normal, polite discussion/converse on subjects onf import.
Though frequently brought to task in the past by others, the HECKLER has as yet failed to pick up the gauntlet when challenged to present argument or fact to support its wild accusations and/or insults which it has made in response to the posts of others.
To sum it up, the HECKLER is just that. Nothing more. Unable to discuss or converse and possesing no social skills it is destinedd to a lonely and inhuman existance supporting itself on bitter thoughts and comment alone.
I suggest it be left to its miserable existence. Afterall, what worse fate could befall it? |
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By: novicedealer
1/06/2009
9:55 am |
Message deleted. Reason: Breach of terms of service |
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