Panic is always our worst enemy.When there is a fire in a picture theatre ,it is not the fire that kills most of the people,it is the panic of people trampling over each other and thus blocking exists,so they then suffocate from the smoke.

The same thing happens when we have an economic downturn.People get pannicked by the talk of doom,tighten their spending too much and often end up contributing to the loss of their own jobs.

This is where Kevin Rudd should be speaking words of confidence instead of promising more pain via carbon taxes.Recessions often become self fulfilling prophecies and inflict a lot of unnecessay pain that deepens the malaise.

The RBA are now in unknown territory.We don't have inflation,we have
stagflation.We have rising prices in fuel,food,Govt charges etc,and rising unemployment.Last quarter we lost 90,000 jobs.Increasing the interest rates will only add to the problem.This isn't going to decrease the price of oil and food since they are both inter-dependant and the increases in the short term, are to beyond our control.

What the Govt can do is to speed up the conversion to natural gas and move towards stabalising it's price structure.If they can export it for 4c a litre to China,why are we paying 70c/L here?Kevin can also move more quickly to remedy a problem the Howard Govt failed to address ie preditory pricing and the lack of competition amongst the big retail outlets.Waste and duplication in the Public Service must also be addressed.He should be reading the riot act to our incompetent/wasteful State Govts,especially the Iemma one.

Kevin must forget about saving the planet for a while and focus his attention on saving our economy.He must get pro-active in anticipating problems,instead of hiding behind the re-active endless committees which make great window dressing.

So with a recession at our doorstep,there is no point in being pessimistic,be positive and the pain will be less.

There's 2 things that people often forget:

(1)All booms must bust

(2)All busts must boom

Not once, not even ONCE, in the entire history of modern economics in our country, has this failed to pass.

The "only" catch, is that you need time on your side.

So just relax, have a cup of tea and a good lie down; the boom times are coming.

In several years time, when we're in the middle of the next big boom, we'll of course have the doomsday merchants trying to predict the following bust.

That's the way a modern economy works. There's ZERO need to panic.

A cup of tea is what holds the fabric of society together:)
The worlds dying and we cant stop it because too many folks are filled with the greed that eventually kills a world.
The asian nations eat/devour everything... and we cant stop them.
What can be done?
A cup of tea...and a new focus on Jesus Christ.
At the end of the day its all about our relationship with God and His Saviour Jesus anyway.
Mankind is a poor manager of his world.

There ya go folks, God's the economic answer.

But.......

I bet it's only Gibo's "version" of God. I bet if you don't worship "his" version, then you're in trouble! Oh well, there goes the superannuation.

Too many folks filled with the greed that kills a world.
Looking to God...whats left?

Even Jesus Christ needed the "economy" all those many years ago, in order to feed and clothe himself and to effectively operate.