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 WHO GIVES A..... ABOUT DISASTER???????
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By: aussiewhinger@ymail.com
Yesterday (10:00 am) Yahoo! Profile:
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AND AGAIN!
for all those other whingers out there heres some good news;
Australia outperforming the world: Swan
Thursday November 19, 2009, 9:06 pm
The latest OECD Economic Outlook provides further evidence that Australia is outperforming the rest of the advanced world, Treasurer Wayne Swan says.
In its latest report released on Thursday, the Org *** ation for Economic Cooperation and Development (OECD) said it expected Australia to experience a relatively more robust recovery, having been affected less by the global crisis than most other OECD countries.
It is forecasting economic growth of 0.8 per cent in 2009, rising to 2.4 per cent in 2010.
This compares to the OECD-wide forecast showing member economies will shrink by 3.5 per cent in 2009 before growing by 1.9 per cent in 2010.
"Stimulus, both fiscal and monetary, has meant Australia has avoided the permanent skills and capital destruction that generally accompanies deep downturns and has meant less permanent damage to our economy," Mr Swan said in a statement.
The OECD also expects Australian unemployment to peak at 6.3 per cent in 2010, "far lower than the forecast OECD average peak of 9.1 per cent", he said. |
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By: aussiewhinger@ymail.com
Yesterday (2:17 am) Yahoo! Profile:
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for all those other whingers out there heres some good news;
Australia outperforming the world: Swan
Thursday November 19, 2009, 9:06 pm
The latest OECD Economic Outlook provides further evidence that Australia is outperforming the rest of the advanced world, Treasurer Wayne Swan says.
In its latest report released on Thursday, the Org *** ation for Economic Cooperation and Development (OECD) said it expected Australia to experience a relatively more robust recovery, having been affected less by the global crisis than most other OECD countries.
It is forecasting economic growth of 0.8 per cent in 2009, rising to 2.4 per cent in 2010.
This compares to the OECD-wide forecast showing member economies will shrink by 3.5 per cent in 2009 before growing by 1.9 per cent in 2010.
"Stimulus, both fiscal and monetary, has meant Australia has avoided the permanent skills and capital destruction that generally accompanies deep downturns and has meant less permanent damage to our economy," Mr Swan said in a statement.
The OECD also expects Australian unemployment to peak at 6.3 per cent in 2010, "far lower than the forecast OECD average peak of 9.1 per cent", he said. |
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By: whoogivesashi
13/11/2009
7:15 pm Yahoo! Profile:
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always love a man with strong opinions
......just dont want it shoved down my throat...
China's Recovery Getting Stronger
Thursday November 12, 2009, 8:45 am
Good news for Australia, China's strong economic growth remains on track after more solid economic stats for October.
House prices, industrial production and retail sales were all stronger during the month; inflation is not a problem, even though deflation is easing.
Exports fell, but were still better than forecast.
Imports were down, more than 6% though on a year ago (compared with the 3.5% fall in September) as shipments of some major commodities fell.
Iron ore imports fell 30% from September to around 47 million tonnes (over 64 million the previous month).
Despite the fall, steel production rose 2% in the month from September, despite the 8 day holiday at the start of October.
Copper imports (in their various forms) were down 34% from September.
These falls indicate that China may have finished restocking for the time being.
And, in an interesting development, bank lending in October fell noticeably, either a slowdown of the sort predicted earlier in the year by economists, or that the central bank wants to limit the chances of asset bubbles developing.
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By: microexcavations
13/11/2009
11:43 am Yahoo! Profile:
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| oh yes- and employment statistics? if you believe those you are a complete imbecile- did you finish primary school? employment numbers are one of the most readily played with figures economic 'data' creates. they can include work experience and work for the dole and all kinds of workers that are not actually long term-employed labour. man you do seem to be easily tricked lol, what's that behind your ear? ah look a shiny new dollar- it flashes and sparkles and i'm sure would easily have you entranced by it's aussie powerfulness lol |
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By: microexcavations
13/11/2009
11:39 am Yahoo! Profile:
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u r a bribbling moronic prideful clown- oh- a very typical aussie these days. full of ignorance about the larger picture and so quick to claim the awesomeness of the awesome aussie awesomenessness.
did i say awesome etc enough times to inflate ur already overinflated ego?
I'm a british descended aussie, 3rd 4th gen.
can u see why we are still going ok? genius?
the government has just blown our last 12 yrs. of savings, the chinese are buying our resources at bargain prices, and we are consigning our future gas reserves to foreigners at a time when prices have collapsed, gee yeah we are such a dynamic and intelligent nation down here. oh and people buying the aussie dollar? big whoop- they are fleeing one sinking ship like rats to use our rate for a moment before moving to gold or oil stocks.
you really are a great example of why this country is always going to be a laughing stock in Europe etc, you actually believe anything, ( ie: our own bull ),that makes you think Aus. is some kind of emerging super power with our huge military that could take on- oh- maybe some small African or Islander nation? wake up mate. |
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By: whoogivesashi
13/11/2009
1:46 am Yahoo! Profile:
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HA!
YES YES "DISASTER,DISASTER WERE DANCING TOWARDS DISASTER",
...AS IN THE WORDS OF THE SONG,
"THE HUNTING OF THE SNARK"
TERRIBLE
Especially with news like the following!
Aussie hurtles to 15-mth high; bets on Dec rate rise
Thursday November 12, 2009, 4:42 pm
* Aussie hits 15-mth high on robust employment report
* Markets bet on an almost-certain chance of Dec rate rise
SYDNEY, Nov 12 (Reuters) - The Australian dollar tore to 15-month peaks on Thursday after a solid local jobs report fed talk the central bank will raise interest rates next month.
The Aussie AUD=D4 leapt to as high as $0.9370, shooting past previous resistance levels of around $0.9330 as pension funds, insurance funds and model funds piled in, traders said.
"Every man and dog have been buying the Aussie," a trader at a U.S. bank said.
Over the next 24 hours, the Aussie may rise again to $0.9380 driven by option-related buying before running into resistance around $0.9400 where option-related selling kicks in, the trader said.
Data showed Australia created a net 24,500 jobs in October, confounding forecasts for a loss of 10,000 jobs. Unemployment edged up to an expected 5.8 percent. [ID:SYD490561]
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By: rossnhoj
12/11/2009
10:00 am Yahoo! Profile:
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| A BANK increase is good news the Average house and land has increased $40thou--- oddles made on the booming stock market,--everybody is again working in the mining sector, the building sector is busting at the seams --money is cheap-- cars are cheap t.v.are cheap and we can afford to buy or go overseas cheaply because the AUS Dollar is the worlds best. I LOVE RECESSIONS.----- THE WORLDS GONE MAD |
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By: whoogivesashi
8/11/2009
12:19 pm Yahoo! Profile:
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what about some REAL news....
RBA says welcome to quarry Australia
Friday November 6, 2009, 12:18 pm
The Australian economy no longer rides on the sheep's back, but on the deck of a bulk carrier taking iron ore, coal or LNG to Asia.
The Reserve Bank's latest quarterly Statement on Monetary Policy has singled out the resources sector, in particular the Liquefied Natural Gas industry, as the main driver of Australia's future prosperity.
The bank says Australia's LNG production is set to increase three or fourfold within the next four or five years, as the Gorgon, Pluto and planned Queensland coal seam gas projects come online.
The bank's figures show that such growth could lead to 2.5 per cent of Australia's total economic output coming from LNG, up from only 0.5 per cent currently.
"Production increases of this magnitude would likely see the value of LNG exports increase towards a similar share of total exports as for coal and iron ore," the bank noted in its report.
The investment, construction and exports generated by these massive resources projects are forecast to take Australia's growth back to 2.25 per cent over the year to June, and up to 3.25 per cent over the 2011 financial year.
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By: whoogivesashi
8/11/2009
12:15 pm Yahoo! Profile:
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| LOOKS LIKE ITS THE SAME IDIOTS POSTING THE SAME GARBAGE OVER AND OVER ON THESE FINANCE BOARDS WITH ONE DOMINANT CHARACTER LEADING READERS to the conclusion its one and the same person! |
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By: whoogivesashi
8/11/2009
12:13 pm Yahoo! Profile:
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| lOOKS LIKE ITS THE SAME IDIOTS POSTING THE SAME GARBAGE OVER AND OVER ON THESE FINANCE BOARDS WITH ONE DOMINANT CHARACTER LEADING READERS to the conclusion its one and the same person! |
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