Heading for a crash

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 09 Jun 2018, 06:59


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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 09 Jun 2018, 08:55

Tasmania is booming, - hobart houses up 13% in one year.
Must be quite a few millionaire pensioners down there now.
Argentina. meh. another day another south american economy falls over thru in competence.
If Bill Shorten brings back the boats as policy, Trumble and Scomo will be there for years i tells ya.
Polls say two labor seats will fall on the super saturday election.
I might get to keep my Frankensense credits after all. :character-oldtimer:

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lynny
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Re: Heading for a crash

Post by lynny » 09 Jun 2018, 09:41

True that Buck!
And the number of homeless and jobless Tasmanians growing at probably the same rate.

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 09 Jun 2018, 11:43

Buck, did you see that Turkey, Indonesia, and Mexico are all heading for trouble? The economies affected by Trump's tariffs could be next. The IMF is worried that we'll be facing a global recession in a year or so.

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 20 Jun 2018, 08:05


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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 20 Jun 2018, 10:39

Crunch, crunch, crunch. That's the sound of hiking boots on Mt Kosciusko. :character-oldtimer:

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 20 Jun 2018, 12:34

I'm no Steve Keen, and I'm not committing to a time or a figure, but there will be a significant downturn in the economy before long. There are too many clouds on the horizon for it to be avoided.

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 25 Jun 2018, 12:56


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Buck_naked
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Re: Heading for a crash

Post by Buck_naked » 25 Jun 2018, 20:31

Even a broken clock is correct twice a day.
http://www.abc.net.au/news/2018-06-25/a ... st/9904488

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 26 Jun 2018, 07:57

Who would you trust most: a trained economist or a politician spruiking the benefits of his government's policies for which he is responsible?

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kfchugo
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Re: Heading for a crash

Post by kfchugo » 26 Jun 2018, 10:15

According to the financial pundits, we have been heading for a "crash" since I was in nappies. The last real financial "crash" we had was in 1929- some 90 years ago. If something is predicted often enough, it is bound to come true sooner or later but we cant go through life with our meager resources stuffed in our mattress. :nahnahnah

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Re: Heading for a crash

Post by Buck_naked » 26 Jun 2018, 10:37

Experts have predicted 99 of the last 3 recessions. :lol:
The GFC was the last big shock, thanks to john howard and peter costello, we dodged a bullet.
The government had no debt, Kevin 07 had plenty of money to throw at pensioners for a spendathon.
There are 7 billion people on the planet, they all need 'stuff', - food, clothing, shelter, phones, guns and ammo.
someone has to supply that stuff.
The news is full of doom and gloom, facebook is full of it as well.
Bad news travels fast, good news travels slowly. :character-oldtimer:

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Re: Heading for a crash

Post by Dreamweaver » 26 Jun 2018, 12:04

My old father believed in having a conservative government when the country was doing well, encouraging private enterprise. But when the country was in trouble, financial or military, it took socialism to pull it out.
I dream, therefore I am.

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Perrorist
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Re: Heading for a crash

Post by Perrorist » 26 Jun 2018, 14:36

It's conservative policies that cause recessions. The GFC was averted here by Labor. Had the LNP been in power, they would have adopted a policy of attrition like many other countries did, despite having the resources to do what Rudd and Swan did.

I'm still convinced we're facing a recession, because the factors that led up to the last one are still there, while Trump is causing havoc in trading circles.

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terra
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Re: Heading for a crash

Post by terra » 26 Jun 2018, 19:47

Stuff 'em all I say !....
When the economic shit hit's the fan, I'll be safe in my hermits cabin in the middle of no-where's-ville Australia.
Few chooks and animals... a few crops and some deterrents to keep rubber neckers away.
No phone, no money and no worries.
hee, hee !
"Life's too short to drink cheap wine".

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