Financial market analysts believe the economy went backwards immediately after the July election, ending five years of continuous economic growth and calling into question the government's repeated election promise to "deliver jobs and growth".
Shrinking GDP with ever-growing house prices... This place is almost beyond repair.
I wonder what (if anything) Turnbull / Sc will say on this matter. Are there any policies being prepared to address this before we have to call a technical recession?
I also want me $900 deposited into my account ASAP so I can do my part in stimulating the country back into positive figures.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
Shrinking GDP with ever-growing house prices... This place is almost beyond repair.
I wonder what (if anything) Turnbull / Sc will say on this matter. Are there any policies being prepared to address this before we have to call a technical recession?
I also want me $900 deposited into my account ASAP so I can do my part in stimulating the country back into positive figures.
Well GDP still grew 2.2% over the year, and we have not seen a spike in unemployment, increased bankruptcies, drop off in private credit growth, shrinking consumer expenditure, or any of the other tell-tale recessionary signals. So one quarters number does not a recession make on this occasion I suspect. So wouldn't hold my breath for your $900!
For Aussie property bears, "denial", is not just a long river in North Africa.....
Well GDP still grew 2.2% over the year, and we have not seen a spike in unemployment, increased bankruptcies, drop off in private credit growth, shrinking consumer expenditure, or any of the other tell-tale recessionary signals. So one quarters number does not a recession make on this occasion I suspect. So wouldn't hold my breath for your $900!
All construction subsectors -- housing, apartments, commercial and engineering -- saw activity levels weaken in November.
There are some people who seem angry and continuously look for conflict. Walk away, the battle they are fighting isn't with you, it's with themselves.
The first lesson of economics is scarcity: There is not enough of anything to satisfy all who want it. The first lesson of politics is to disregard the first lesson of economics. ~ Thomas Sowell.
Who was the fool, who the wise man, who the beggar or the Emperor? Whether rich or poor, all are equal in death.
Well GDP still grew 2.2% over the year, and we have not seen a spike in unemployment, increased bankruptcies, drop off in private credit growth, shrinking consumer expenditure, or any of the other tell-tale recessionary signals. So one quarters number does not a recession make on this occasion I suspect. So wouldn't hold my breath for your $900!
According to records from the Australian Securities and Investments Commission, there were 9,848 insolvencies in the 2016 financial year. This is up from 9,177 in 2014-15. When asked by fellow accountants why seemingly stable Australian brands were suddenly making headlines by appointing administrators, Worrells’ partners said there were a number of factors, including unique economic conditions in each region.
......
a) That's straight from the horse's mouth. You can likely link this with ATO becoming a bit tougher lately, however.
b) The situation in the small business world is not great in Sydney.... the churn rate is just scary. If you start anything here, you are almost guaranteed to choke on a commercial lease agreement & fail. Commercial rent is definitely the primary business killer here.
c) Unemployment is creeping along in the background, in the form of full time positions being converted to part time.
d) I don't want any damn handouts with strings attached. I got the stimulus payment at the time, but I can honestly say I didn't really feel right. And I was like 18 at that time too.
Let me assure you that this isn't one of those shady pyramid schemes that you've been hearing about. No sir, our model is the Trapezoid which guarantees each investor an 800% return within hours. Those who can, do. Those who can't, teach. "It's an itchy blanket, it's designed to remind you how lucky you are"
Well GDP still grew 2.2% over the year, and we have not seen a spike in unemployment, increased bankruptcies, drop off in private credit growth, shrinking consumer expenditure, or any of the other tell-tale recessionary signals. So one quarters number does not a recession make on this occasion I suspect. So wouldn't hold my breath for your $900!
Looks like its just getting underway.........
Looks like 26 years of Uninterrupted growth just got Interrupted..........
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy