These cunts lost to Jordan in soccer today :lol:
They’ll certainly have their knockers after losing to a team like Jordan.
I see Chinese imports fell 2.6% for August year on year. The end is nigh for the Australian boom
Investment in the resources sector grew by 10% in the June quarter. Runt, an excellent cook you might be, but you’re no John Kenneth Galbraith.
Too old, too slow, no ambition, team of mercenaries. Fooking useless. They need to introduce some of the ALeague talent into the team.
[quote=“Fitzy, post: 517712”]
Investment in the resources sector grew by 10% in the June quarter. Runt, an excellent cook you might be, but you’re no John Kenneth Galbraith.[/quote]
This is a retarded view in it. What fucking difference does an australian resource investment in australian resources make if nobody wants to buy the resource? It’s just adding to the final bill really. Fucking he’ll you are completely Australian now, bury the head in the sand as good as any of them.
You really have absolutely no idea what you’re talking about do you?
[quote=“Fitzy, post: 517715”]
You really have absolutely no idea what you’re talking about do you?[/quote]
I’m in good company so.
[quote=“caoimhaoin, post: 517714”]
This is a retarded view in it. What fucking difference does an australian resource investment in australian resources make if nobody wants to buy the resource? It’s just adding to the final bill really. Fucking he’ll you are completely Australian now, bury the head in the sand as good as any of them.[/quote]
The parallels between Fitzy’s view of economics and what passed for analysis in Ireland is scary Kev. It is a simple fact that economies move in cycles, they have done for thousands of years. I doubt that the Aussies have invented something better.
Sweet fucking jesus :rolleyes:
Brilliant rebuttal there Kev, almost Stephen Fry like in its wittiness and intellectual insight.
The figure I quoted is that which the Australian Bureau of Statistics released last week as the capital investment increase in the resources sector in Australia for the June quarter.How this makes me retarded or finally fully Australian I’m not quite seeing. Though it probably has something to do with how you like to live in a country (how long is it now Kev, nearly 2 years?) which you have professed a deep hatred for on a number of ocassions, while sharing with all and sundry your Flano like view that America is a far better place. You seem to be a highly complex and probably clinically very interesting person Kev, though again, it probably has more to do with the fact that you are a complete cunt who loves the sound of his own voice.
Where I said anything about Australia being on an indefinite boom, I would like someone to point out. What I am saying is that the mining boom, in the form it has been over the last decade, is most certainly over. But there is currently an investment pipeline of some $280 billion within the sector in Australia. A 3.6% decrease in imports in China in a month does not necessarily mean a huge decrease in Australian Ore exports (how much of that decrease was consumer goods into China?). What you seem to be forgetting is the most rapidly increasing sector is natural gas, which is amazing as most of it is coming from WA Kev. China is a part of the picture, but its not the whole picture.
However I canot see how there will be a crash of the proportions of what has happened in Ireland, which is something people seem to keep throwing at me, such as from well known observers of the Australian economy who live in Poland.
A highly regulated banking industry, a conservative government with the lowest debt / GSP ratio in the western world, a retail market slumping because people are paying off their personal debt. A housing market that has suffered marginally. Yes there are increases in non payment of mortgages, but they are miniscule in comparison to the rest of the western economies.
Crash, no, soft landing yes.
Go fuck yourselves.
Lol. Thankfully I’m nit Here ling enough ti have been motives into one, you sound just like a large amount of Aussies. Heavy regulated banks my arse. In the ground ditzy they are handing out no deposit mortgages here like they are going out if fashion. The vast majority if my comments are WA related but seeing as the rest of Oz (bar Qld arguably) relies in WA so much then I think it’s relevant.
For the record, I disliked the people and general attitude and energy in Southern Qld. Not a great fan of Perth City and the ignorance the wealth has brought it but other than that I have had many positive experiences. In fact country Aussies are as fine a people as you’ll meet. And I think Margret River must be one if the most desirable places in the world to live, well for me anyway.
Balbec - there is simply no talking to some people. It’s like he is trying to convince himself that he will be ok and job safe forever. God willing he is, but the blind ignorance is funny.
Define “sort landing” please.
Fitzy im all for a good WUM but you have lost it here if yiu are actually trying to be serious.
What you are posting is incredibly deluded if you really believe it to be true.
I know people say that in terms of IT and also emotional developement that Australia is around 5 years behind the developed world and NZ around 10.
This economic startegy that you are preaching here is uncannily similar to what the likes of Dancarter and FF were preaching back in 2007 in ireland…
dear lord
when fisty took an oath to the queen it seemed that he really meant it and he has embraced australian society so much that he is as pigheaded as the worst of them
whatever about emotional development, you are wrong about IT. NBN etc, but I think you might have known that already
I worry when anyone starts on about how highly regulated banks are. Pretty sure Bertie and his crew had a very low debt to GDP ratio back in the day too and were seen as a conservative govt internationally. Considering the ridiculously low cost of money at the moment, I think they should considering increasing the federal debt to invest in proper infrastructure. Wasted opportunity the world over if you ask me this Thatcher/Reagan esque policy that books must balance.
There is a property bubble here. Property bubbles the world over put banks in big trouble when they crash.
Very harsh Kev, very fuckin harsh.
It’s a condition he can’t do anything about.
To quote the title of John Kenneth Galbraith’s 1977 BBC TV series, this is an “age of uncertainty” for the Australian economy.
comedy central :lol:
A soft landing in the business cycle[/url] is the process of an economy shifting from growth to slow-growth to potentially flat, as it approaches but avoids a [url=“http://en.wikipedia.org/wiki/Recession”]recession[/url]. It is usually caused by government attempts to slow down [url=“http://en.wikipedia.org/wiki/Inflation”]inflation[/url].[sup][url=“http://en.wikipedia.org/wiki/Soft_landing_%28economics%29#cite_note-0”][1][/url][/sup] The criteria for distinguishing between a [i][url=“http://en.wikipedia.org/wiki/Hard_landing_%28economics%29”]hard[/i] and soft landing are numerous and subjective.
The term was adapted to economics from its origins in the early days of flight[/url], when it historically was the method of the [url=“http://en.wikipedia.org/wiki/Landing”]landing[/url] of [url=“http://en.wikipedia.org/wiki/Hot_air_balloon”]hot air balloons[/url], by gradually reducing their [url=“http://en.wikipedia.org/wiki/Buoyancy”]buoyancy[/url]. It later also applied to [url=“http://en.wikipedia.org/wiki/Aviation”]aviation[/url], [url=“http://en.wikipedia.org/wiki/Glider_aircraft”]gliders[/url] and [url=“http://en.wikipedia.org/wiki/Spacecraft”]spacecraft[/url], as in the [url=“http://en.wikipedia.org/wiki/Lunar_lander”]Lunar lander.
In the United States, modern recessions and hard and soft landings follow from Federal Reserve[/url] tightening cycles, in which the [url=“http://en.wikipedia.org/wiki/Federal_funds_rate”]Federal funds rate[/url] is increased over several consecutive moves. In modern times, the most notable, and possibly the only true soft landing in the most recent 16 business cycles occurred in the soft landing of 1994, engineered by [url=“http://en.wikipedia.org/wiki/Federal_Reserve”]Federal Reserve[/url] Chairman [url=“http://en.wikipedia.org/wiki/Alan_Greenspan”]Alan Greenspan[/url] through fine tuning of interest rates and the [url=“http://en.wikipedia.org/wiki/Money_supply”]money supply[/url].[sup][url=“http://en.wikipedia.org/wiki/Soft_landing_%28economics%29#cite_note-bigpicture-1”][2][/sup]
In addition to being a certain type of business cycle, a soft landing may also refer to a market segment[/url] or [url=“http://en.wikipedia.org/wiki/Industry_sector”]industry sector[/url] that is expected to slow down, but to not crash, while the wider economy may not experience such a slow down at that time. For example, a contemporary newspaper headline read: [i]“Soft landing forecast for house prices as rate hikes stem growth”[/i][sup][url=“http://en.wikipedia.org/wiki/Soft_landing_%28economics%29#cite_note-2”][3][/sup].
[b]As it stands, these forecasts have very little scientific value and there is not one single verifiable instance of a soft landing following an economic bubble[/url].[/b] Similar claims were made repeatedly by vested interests (VIs) about the prospects for the housing market in The U.S. but there is now an almost unanimous consensus that the [url=“http://en.wikipedia.org/wiki/United_States_housing_bubble”]United States housing bubble is undergoing a significant market crash.
fisty=bertie ahern, some shitstorm coming for Oz, some property bubble in Sydney alone, “soft landing” lol