Australia in in grim shape. Retailers are going under, home prices are sinking, and there is an enormous collapse in the entire service sector.
....
Input prices have risen for 110 consecutive months and wages have risen for 33 consecutive months, but sales, new orders, and selling prices have collapsed.
....
Australia is now in recession and it will be a long, harsh one, no matter what the RBA does or doesn't do. Retail prices are too high, wages are too high, real estate prices are too high, and belief in policy makers is too high.
Australia in in grim shape. Retailers are going under, home prices are sinking, and there is an enormous collapse in the entire service sector.
....
Input prices have risen for 110 consecutive months and wages have risen for 33 consecutive months, but sales, new orders, and selling prices have collapsed.
....
Australia is now in recession and it will be a long, harsh one, no matter what the RBA does or doesn't do. Retail prices are too high, wages are too high, real estate prices are too high, and belief in policy makers is too high.
yankinoz I realise that you have seen that happen in the USA, but do you really believe that one months fall in the index is a compelling stat. It could be an outlier.
BTW they did a write up on this over at macrobusiness that you may appreciate.
Any expressed market opinion is my own and is not to be taken as financial advice
Australia in in grim shape. Retailers are going under, home prices are sinking, and there is an enormous collapse in the entire service sector.
....
Input prices have risen for 110 consecutive months and wages have risen for 33 consecutive months, but sales, new orders, and selling prices have collapsed.
....
Australia is now in recession and it will be a long, harsh one, no matter what the RBA does or doesn't do. Retail prices are too high, wages are too high, real estate prices are too high, and belief in policy makers is too high.
Hey dude, don't be so negative. We are all still quite well off relative to historical standards. Too much doom and gloom news will warp your perspective on life in Australia.
Hey dude, don't be so negative. We are all still quite well off relative to historical standards. Too much doom and gloom news will warp your perspective on life in Australia.
Don't worry, be happy!
what historical standards?
I don't remember time (and I'm not young) when it was harder for young people to get basic things in life (buy a house, find good and stable job and raise kids without struggle of both parents working)
we might have more money than ever buy that money is worth less
yankinoz I realise that you have seen that happen in the USA, but do you really believe that one months fall in the index is a compelling stat. It could be an outlier.
BTW they did a write up on this over at macrobusiness that you may appreciate.
Pretty sure if he heads over there he is going to find a SHIT LOAD more evidence to back up his outlook than hanging around here with waht can only be described as some of the dumbest morons on the net - circle jerk if ever there was one.
yankinoz I realise that you have seen that happen in the USA, but do you really believe that one months fall in the index is a compelling stat. It could be an outlier.
BTW they did a write up on this over at macrobusiness that you may appreciate.
Pretty sure if he heads over there he is going to find a SHIT LOAD more evidence to back up his outlook than hanging around here with waht can only be described as some of the dumbest morons on the net - circle jerk if ever there was one.
Well I mentioned MB because they have presented much the same evidence, and I thought that he may enjoy their discussion.
I don't think we need to compare IQ's with MB though, I can lead you to many posters over there who shoot from the lip and miss every time, although there are a number over there who are intelligent and well informed, as there are here.
The fact that you disagree with someone doesn't mean that they are wrong and you are not.
Any expressed market opinion is my own and is not to be taken as financial advice
Yes, you are right that sites like MB are basically a big circle jerk! That's proven by their censorship / moderation policies. Thanks goodness for open sites like this where even complete brainwashed idiots like you get to have their say, un-censored!
For Aussie property bears, "denial", is not just a long river in North Africa.....
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