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Is Australia on the cusp of entering a Great Deflationary Depression?; Secretary of Treasury John Fraser does not believe so it seems ... :)
Topic Started: 13 Jun 2017, 10:38 AM (4,223 Views)
herbie
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"The Australian economy is on the cusp of a fresh burst of growth powered by rising business investment and households running down their savings, Treasury secretary John Fraser believes.

In up-beat testimony to the Senate economics committee yesterday, Mr Fraser said business conditions were looking up across the world, giving Treasury confidence in its economic forecasts, which show a steady lift in Australia’s growth. “The reasons for this improvement are complex but ­reflect, I ­believe, the fundamental continuation of the business cycle, with ­indications that the long ­period of growth undershooting ­forecasts is beginning to come to an end,” he said."

http://www.theaustralian.com.au/national-affairs/treasury/economic-growth-to-surge-says-treasury-secretary-john-fraser/news-story/22d5e6402fece2babd2df5ab7a28c336
Edited by herbie, 13 Jun 2017, 10:38 AM.
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 Jun 2017, 10:38 AM
"The Australian economy is on the cusp of a fresh burst of growth powered by rising business investment and households running down their savings, Treasury secretary John Fraser believes.

So Over Indebted Households will draw down their savings and spend more.....

You mean they will cash out their super and spend.....

Australia’s Declining Household Savings

In 2013, Credit Suisse presented some interesting research regarding the issue of household sector savings. While the commonly cited net saving ratio indicates the proportion of income the household sector collectively saves, Credit Suisse noted the measure of savings also includes superannuation payments.

Business Investments....

Business investment 'disappointing', pointing to weak GDP growth

Whens this Boom gonna Arrive.........Sorry Fresh Burst of Growth....

ROFL....
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herbie
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Well Simons, given ya asked me ta quote an economist wot just maybes sees things a bit different ta you (and I did), I guess it just don't really surprise me too much that ya just maybes seems ta see things a bit different ta him ... :)
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Rufus
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herbie
13 Jun 2017, 10:38 AM
"The Australian economy is on the cusp of a fresh burst of growth powered by rising business investment and households running down their savings, Treasury secretary John Fraser believes.

In up-beat testimony to the Senate economics committee yesterday, Mr Fraser said business conditions were looking up across the world, giving Treasury confidence in its economic forecasts, which show a steady lift in Australia’s growth. “The reasons for this improvement are complex but ­reflect, I ­believe, the fundamental continuation of the business cycle, with ­indications that the long ­period of growth undershooting ­forecasts is beginning to come to an end,” he said."

http://www.theaustralian.com.au/national-affairs/treasury/economic-growth-to-surge-says-treasury-secretary-john-fraser/news-story/22d5e6402fece2babd2df5ab7a28c336
And the job outlook is getting stronger.


It looks like Australia's jobs market is strengthening, and household spending could be next

David Scutt
Jun 13, 2017


https://www.businessinsider.com.au/it-looks-like-australias-jobs-market-is-strengthening-and-household-spending-could-be-next-2017-6#LkGtl7OoAluYcQxJ.99
Take risks - if you win you will become wealthy, if you lose you will become wise
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Trollie
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High paid roles are beginning to boom in WA

http://www.abc.net.au/news/2017-06-13/boom-in-jobs-for-wa-engineers-with-mining-sector-surge/8611286
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Tommy
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Trollie
13 Jun 2017, 08:05 PM
That's awesome! 88 jobs more! What percentage of 2 million is that?
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Trollie
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Tommy
13 Jun 2017, 08:38 PM
That's awesome! 88 jobs more! What percentage of 2 million is that?
As usual roddy can't do basic maths.

Can you work out where you went wrong or do I need to spell it out for you
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herbie
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Tommy
13 Jun 2017, 08:38 PM
That's awesome! 88 jobs more! What percentage of 2 million is that?
Ya pays ya money Tommy (or don't ... :) ) 'n takes ya chances - LOL!
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Tommy
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Trollie
13 Jun 2017, 08:52 PM
As usual roddy can't do basic maths.

Can you work out where you went wrong or do I need to spell it out for you
Please " spell out " my basic math :bl:
herbie
13 Jun 2017, 08:53 PM
Ya pays ya money Tommy (or don't ... :) ) 'n takes ya chances - LOL!
My lord you speak shit.
Trollie
13 Jun 2017, 08:52 PM
As usual roddy can't do basic maths.

Can you work out where you went wrong or do I need to spell it out for you
O I get it... 88 is so much more significant than 87 ? Hahaha sorry no jobs boom then lol
Edited by Tommy, 13 Jun 2017, 09:08 PM.
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herbie
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Tommy
13 Jun 2017, 09:04 PM
My lord you speak shit.
Jeez, just coz youse only got 5 debt free houses 'n $950K cash in bank, that's no reason ta get all bitter 'n twisted Tommy.

Like sheesh, I's only got maybes 80% of that 'n still continues ta struggle by .. :)
Edited by herbie, 13 Jun 2017, 09:34 PM.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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