By: guy.longshank1
12/10/2009
12:28 pm Yahoo! Profile:
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ECONOMIC DISASTER LOOMS!!!
We are not going to be able to avoid this worldwide economic disaster for much longer.. Just look around. All of the major economies of the world are depressed and showing little if any sign of real recovery from the disaterous economic downturn of last year.
The P.R. of China for example continues to poor billions of Yuan into its own economy in order to support it and give the impression that there is indeed less of an economic downturn than we all know there to be.
Lies! Lies & more lies...
Here at home we see the clear signs of trouble on the horizon.. UNABLE to support itself, the government announces yet another stimulus effort to prop up the failed economy which trade in itself is as yet unable to sustain...
"The Federal Government has announced it will invest up to an extra $8 billion in residential new mortgage-backed securities to support competition in the home-lending market. "
Described below by the TROLL as good news, this is indeed nothing less than a blatant attempt by government to convince people to invest at a time when infact it is extremely dangerous to do so.
As steve_b_wilson clearly wrote on his BLOG on these same Yahoo Finance pages, (AUSTRALIA - ECONOMIC DISASTER LOOMS) the irresponsible actions of government resulting in the continued waste of tax payers money, (OUR money) is in itself alarming.
AUTRALIA - ECONOMIC DISASTER LOOMS!
Join with steve_b_wilson and I and many others to do what can be done to alert the populace to the perils of believing in RECOVERY when in fact, the recovery we all dream of and wish for is nothing more than that at present..
A DREAM..
As steve_b_wilson quite rightly encourages - ACT not to secure your financial future and protect yourselves from the inevitable economic disaster which shall occur in 2010 lest the major world economies recover significant. |
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By: packofnutters
10/10/2009
12:58 am Yahoo! Profile:
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AND the good news keeps coming...
Jobless rate will have others green with envy
The latest employment data is not only a stunning result, but it suggests the Australian economy has executed another critical turning point. And it is a surprise double act that will have other...
ABC Business News - Thursday October 8, 2009, 4:20 pm
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By: packofnutters
9/10/2009
4:22 pm Yahoo! Profile:
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ALL GOOD BELOW;
Australia leaves Europe, UK, US in its wake
The remarkable about-face of Australia's economy is provoking envy from other developed nations still mired in recession. Yesterday, economists were caught off guard when the jobless rate...
ABC Business News - Friday October 9, 2009, 3:08 pm
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By: guy.longshank1
9/10/2009
4:01 pm Yahoo! Profile:
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| Nicely put mentawaisurf! |
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By: mentawaisurf
9/10/2009
2:51 pm Yahoo! Profile:
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I think everyone can see who the real nutter is on this forum. But since you're so keen to make your point, on every thread, such 'news' merely provokes typical extreme sentiment during market turns.
For example, throughout 2007 economists around the world were proclaiming that the global economy had entered a new era of "champagne economic propsperity", just prior to the initial financial crisis. In March this year the worst news came out and dominated our media headlines just as the market bottomed before we saw a major corrective rally in markets. Now as we've been bombarded with 'good news stories' about imminent economic recovery and that the worst is definitely over, amid surging business and consumer confidence, we have created the ideal conditions for a surprise to the downside. Given the extreme level of optimistic sentiment, especially here in Australia, we must now be very near such a key market reversal. |
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By: packofnutters
9/10/2009
2:10 pm Yahoo! Profile:
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I see the nutters on the negative blog are back to their old tricks of complaining and moaning to YAHOO about any poster who disagrees with them .
Maybe they should all move to China.!I think they'd have a lot in common!
Their gruesome psyche frequently displaying paroxysm is the measure by which readers ascertain their lack of mental stability.
Their joint continual denial to accept that Australia has performed very well and is continuing to do so,is evidence and very similar to religious fervour indulged in by some extremists currently masqerading in our society,hell bent on causing trial and tribulations for decent,moral and hardworking citizens.
Back to the good news:
1/
AAP - Friday October 9, 2009, 10:04 am
Henry predicts strong economic forecasts
The Australian economy has performed better than expected and the next set of government forecasts will reflect that view, Treasury Secretary Ken Henry says."It is no secret that the next...
2/
Australasian Investment Review - Friday October 9, 2009, 8:27 am
Labour Market Improves, Economy Into Recovery Mode
There is no way Reserve Bank Governor Glenn Stevens and the rest of the central bank's board would have expected to have this week's rate rise vindicated so quickly and so emphatically. But...
3/
Reuters Finance News, Australia - Friday October 9, 2009, 8:23 am
Australia shares seen up on economy optimism
SYDNEY, Oct 9 (Reuters) - Australian stocks may get a boost on Friday after a strong start to the U.S. company earnings season boosted sentiment over a recovery, with resources stocks set to gain on...
AND THE LIST GOES ON!
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By: hdmausguy
13/09/2009
3:00 am Yahoo! Profile:
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| 9:28pm post yesterday = TROLL = W.ANKA. |
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By: fire.fly_au
12/09/2009
9:28 pm |
Message deleted. Reason: Breach of terms of service |
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By: jaymarcel
20/08/2009
12:06 pm Yahoo! Profile:
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I only said the last bit at 07:32 because I know its never going to happen.
But I tell you what, we would win(Ozzies). |
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By: jaymarcel
20/08/2009
12:04 pm Yahoo! Profile:
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| Haha its ok hdmausguy I have set the traps. |
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By: hdmausguy
20/08/2009
11:06 am Yahoo! Profile:
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| jay - I fear for your safety if the London papers see your 7:32am & 7:35am posts, beware of strangers lurking near your house. |
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By: jaymarcel
20/08/2009
7:35 am Yahoo! Profile:
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I actually think the crims sent here were just petty criminals (the ones that stole bread to feed their family etc.), the worst crims (murderers & rapists)stayed in the UK.
Mind you they then later moved to spain haha. |
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By: jaymarcel
20/08/2009
7:32 am Yahoo! Profile:
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I'm 100% aussie mate with sport, my girls from Malaysia (Bumi Putra). She still struggles alot with completly converting to 100% aussie but she is getting their, for some it takes time.
For me I hate the UK, the second I got perm res in my passport I converted.
If we had a war with the POMS I'd be at the front fighting for Australia. |
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By: hdmausguy
19/08/2009
3:52 pm Yahoo! Profile:
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| jay - that,s the challenge finding the sweet spot. Also what's your position when it comes to pommy/aussie sport? Here or there? or a bit of each way betting? Is your lady a pom or aussie? Might be interesting if your in opposite camps? |
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By: jaymarcel
19/08/2009
1:56 pm Yahoo! Profile:
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| hdmausguy, there must be a very small area in the middle where its not boom or bust. |
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By: hdmausguy
19/08/2009
1:06 pm Yahoo! Profile:
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| jay - a lot of the posters would have pommy dna, it's in their blood. Look at the whinging they(poms) do about the cricket. They transported shiploads of low life commoner criminals(UK citizens) as convicts out here. Future generations thrived and became good at playing cricket. So good in fact the poor old poms more often than not got a right royal flogging by these commoner riff raff colonials (effectively defacto UK citizens,very ironic). The current test series has seen the gleeful english press have a field day with glowing praise for the poms and gleefully announcing that the aussies are a spent force. As the series has progressed,however,the wagging tail of the pommy press has slowly started to curl between it's legs. One bowler hatted blueblood was overheard after the last test saying," it's just not cricket old boy". What's relevant here jay(apart from a bit of light hearted pommy bashing) is what you say about the press, whether it be sport or finance and anything else. They more often go to extremes with their stories. Like lay out 2 weeks of financial reports. One or two days the charts drop,media all doom & gloom,next few days charts rise, media - recession all but over, markets set to boom. Charts drop again media back to doom and gloom and so on it goes. The difficult part,as always,is sorting the fact from the fiction. |
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By: jaymarcel
19/08/2009
11:44 am Yahoo! Profile:
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| I thought us POMS had a reputation for whinging but it appears many on these forums are better at whinging than me, I don't know of any other country out there with such prosperity & opportunity. |
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By: lasty49
19/08/2009
8:55 am Yahoo! Profile:
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Thanks Jaymarcel.
Yup we are sitting pretty here and no wonder there is a queue to get in. |
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By: jaymarcel
19/08/2009
6:59 am Yahoo! Profile:
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Welcome back last49, I agree with you there, I don't think many on these forums have travelled much as if they did they would stop whinging about Australias cost of living (including house prices) as once you have put all the figures together (earnings & cost of living) Australia is the best place to live for all round affordability.
At the end of each month I'm left with much more money here than when living in the UK. |
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By: tommyknockersbegone
19/08/2009
1:01 am |
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By: lasty49
18/08/2009
4:01 pm Yahoo! Profile:
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Hello my bearish friends.
Just had a quick trip overseas.
Interesting scenario.
We here in Australia are blinkered compared to what is going on in the "real world" in countries that are suffering.
Try $7.00 for a cup of coffee compared to what $3.50 here on the toppy side and this was not in a place of wealthy residents or a holiday rip off.
The scary part is that they are paying it.No questions asked. Its all walks of life.So Australia has room to move, unfortunately upward in price.
That means everything because if there isnt a buyer here there will be somewhere.
A median house price is still very cheap along with most other things. |
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By: jaymarcel
18/08/2009
3:52 pm Yahoo! Profile:
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I know of many Australians in their 50's who are still renting & have to find nearly $2000 per month just to pay the rent, & own nothing of value.
They can't afford to have a holiday or stop working & still commit 5 days a week at work yet are not any better off than when they were in their 20's.
Wake up get your own house! |
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By: jaymarcel
18/08/2009
3:44 pm Yahoo! Profile:
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Hi rodney, interesting post & a good point. As you know my views are not in line with this thinking though. I see a mortgage as a good way of saving, or should I say not spending on stuff that is not needed, as we all know the more you earn the more you spend & this also transposes to the more you have in the bank the easier it is to buy excess stuff you don't need, as in fast food / smokes/alcohol (for me its magazines, for the girlfriend its shoes & handbags). Now if you have a mortgage this tends to tie up that easy to spend cash which is usually wasted, getting plastered rather than just having a couple of beers or eating out everyday of the week rather than once a week or buying every magazine instead of your favorite.
And in 20 years max you have a free place to live that if your lucky has also gone up in value. Now this is when you can waste as much money as you like or even work less hours, start this at 20 & at the age of 40 your in total control & remember that your mortgage repayments also go down over time so each year will get easier & free up more cash. |
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By: rodneysaviour2
18/08/2009
2:23 pm Yahoo! Profile:
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The Government`s Financial Carrot
Some, (including myself) shall indeed benefit greatly from the continued rise in interests rates. However, many others shall suffer greatly as a result.
The sad fact is that the efforts made by government to keep money flowing through the economy in the short term shall in fact result in less money circulating in the long run.
Most obvious is that those on relatively low incomes who would otherwise have avoided entering into long term and significant debt, (read take out a mortgage) were greatly encouraged to do so by the offer of a financial incentive presented in the most attractive means possible by the government.
As has been posted here previously by steve_b_wilson and others, though this incentive was "marketed" as one that would benefit the individual it was in fact one that was wholly designed to benefit the country at the expense of the individual.
However. Though it could be said that this "GET YOURSELF INTO DEBT" incentive has indeed prevented an immediate and catastrophic collapse in the property market and has also therefore, (to some extent) staved off the perils which would be associated with such collapse in the long term it has done much to ensure that many members of the populace shall be fighting to support their own lifestyle much harder than they would have otherwise have had to.
Simply put. As the cost of loans,(mortgages) rise significantly in the next 12 months or so, those who "grabbed the financial carrot offered by the government" shall find that more of what they earn will have to be committed to paying off what they now earn. Many shall be forced to sell at a loss..The property market shall crash.. Retail shall suffer and unemployment shall rise.
Without doubt I believe that we shall all start to see the truth in steve_b_wilson`s cry -
AUSTRALIA - ECONOMIC DISASTER LOOM! |
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By: the_pr.of_china_is_evil
15/08/2009
12:38 am |
Message deleted. Reason: Breach of terms of service |
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