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Why Australia can't avoid a recession; (& Canada, Korea, China and others)
Topic Started: 12 Dec 2016, 11:25 PM (8,485 Views)
Jon Snow
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https://www.youtube.com/watch?v=w8fCmUbjDtg



The wonky stuff starts around the 36 minute mark. Great stuff for modellers.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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popey
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if you check your tax returns breakdown, a substantial amount goes to interest repayment, that's not good :(
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Matthew
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popey
13 Dec 2016, 01:12 PM
if you check your tax returns breakdown, a substantial amount goes to interest repayment, that's not good :(
A more significant amount goes to Welfare payments. What is your point?
My only hope for my three boys is that they turn out nothing at all like Chris.
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popey
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Matthew
13 Dec 2016, 01:18 PM
A more significant amount goes to Welfare payments. What is your point?
you probably don't pay tax, why you care?
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Matthew
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popey
13 Dec 2016, 01:23 PM
you probably don't pay tax, why you care?
I pay a massive amount of tax. It is the best thing about a large salary and investments coupled with no deductible debt.

I wouldn't have it any other way.
My only hope for my three boys is that they turn out nothing at all like Chris.
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skamy
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Jon Snow
12 Dec 2016, 11:25 PM
https://www.youtube.com/watch?v=w8fCmUbjDtg



The wonky stuff starts around the 36 minute mark. Great stuff for modellers.
Do you still believe this nonsense Miles? Surely you must see through the fearmongering by now.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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herbie
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Nuthin' ta say house prices can't go up in a recession.

Like just sayin' like.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Simon_S
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herbie
13 Dec 2016, 10:24 PM
Nuthin' ta say house prices can't go up in a recession.

Like just sayin' like.
When they are already at Record Highs........

And Debt is at Record Levels...........

With Interest Rates rising................

During a recession.............Of course they will.




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herbie
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That's just an opinion (not totally without merit mind) - But wot runs contrary ta me personal experience - Havin' seen 'em do it.

('N one probably doesn't need ta be too bright ta figure out just how it could happen - But wif that bein' another story of course.)
Edited by herbie, 13 Dec 2016, 10:49 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Jon Snow
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herbie
13 Dec 2016, 10:24 PM
Nuthin' ta say house prices can't go up in a recession.

Like just sayin' like.
I suggest you watch the video. You might even learn something.

However, there is a situation in which some house prices can go up in a recession, but only after they have gone down by quite a lot.

In the US the predators moved in to certain areas to buy up distressed assets and rented it back to the poor bastards who had defaulted on their predatory loans.

Crushing poverty and hedge fund profits. Double win :tu:

Australia is far too communist for that to happen here though.
Speak when you are angry and you will make the best speech you will ever regret.
Ambrose Bierce
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