Australia now has a higher unemployment rate the the USA
Australia now has a higher unemployment rate the the USA; We all have to take our medicine for rampant housing speculation at some point, even if we think we are "different"
Tweet Topic Started: 8 Aug 2014, 05:21 PM (408 Views)
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
yeah its a sad reality Timo.........so many unemployed now.
The 20% unemployment/ underemployment figure is now very believable.
It's a good indicator of the failure of the Aussie leadership more than anything else.
Australians personify the one trick pony
After a bubble has burst, no one denies that it existed. But before it does, the popular refrain is that though bubbles existed elsewhere in the world, “there’s no bubble here”. So housing bubbles are admitted to have existed in Japan, the USA, Spain and Ireland – because they’ve already burst.
yeah its a sad reality Timo.........so many unemployed now.
The 20% unemployment/ underemployment figure is now very believable.
It's a good indicator of the failure of the Aussie leadership more than anything else.
The way the western economies of the world have run their economies was guaranteed to fail. They learned nothing at all from the the great depression, just engineered it all again ,100 fold.
And when the shit hit the fan in 2008, what did Australia do, instead of tightening their belt back then and looking for ways to deal with, we had some clown named Rudd throw money from the rooftops and encourage people to go on a spending spree to aviod the next lotnof figures putting australia in recession on his watch, he wanted none of that, we cant have a recession in Australia , can we now.
And then free home grants out, increases them , remove stamp duty, building grants and encourage people to take on more debt when they knew their jobs where going to start dissapearing.
And what of Rudd's cash splash, just another mindless artificial measure to cover the truth, something to make things look good over the short term but then what , back to further decline and now in more debt. No real solution , just another complete joke, thats because they have no solutions left, this is all they have left, nothing else will work, there is nothing real sustaining our economy anymore, just more debt to hand out to cover the truth and avoid total collapse, exactly what the US has been doing for the last six years, ON TOP of having interest rates at ZERO for SIX YEARS.
The fact is, the fed does not have a single clue what it is really doing, they are just writing the rules as they go because they have fkdd up so badly. And to avoid total collapse they now owe another 10 trillion on top of the 8 trillion they owed in 2008. They have pumped trillions in over the last six years, 10 trillion to be precise, and some clowns think its improving, 85 billion a month, how many houses would that buy. At least Kevin Rudd gave some directly to the people, the US Gave it to rich bankers to stop their bank and house prices from collapsing. But just as our little example earlier , about how Kevin Rudd gave out money to evrybody, it makes things look good over the short term , but just puts us further in debt. It is no real solution to the real problems, and after it is gone, we still have the same problems but now our more debt. Just exactly as the US have done.
But our only solution to these problems have been just to borrow more money, on all levels and encourage as much as they can, because that's all they have left, no REAL economy, no REAL solution.
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