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The Forum > Article Comments > The 'nirvana' economy > Comments

The 'nirvana' economy : Comments

By Henry Thornton, published 7/2/2006

Henry Thornton advises the board of the Reserve bank of Australia.

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All well and good then interest rates at 5.5% blah,blah,blah... So how does Henry Thornton see the outlook for the unemployed, those of us on disability pensions, low paid working families paying rent and trying to survive on $12.75 per hour and old age pensioners?

I suppose we will have our usual rosy time of it, off to Bali, when winter arrives,[can't afford Rio this year] then on to New Zealand in summer,[nice and cool over there] opppps..are we out of milk again, that's the third bottle this month.....
Posted by SHONGA, Tuesday, 7 February 2006 12:55:18 PM
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Henry,brillient post.As I see it the economy will go on at an even keel and all will be well with the world.In my case I have invested on the FTSE 100 in speckled trout,It is rumoured they may well fetch $100.00 a pound in the next few months.This will all depend on the cost of bird seeds eminating out of the Swiss Market with influence from the Hang Seng.However my main concern is the derivites in dog buscuits,options and futures should be carfully analysed in conjunction with my self managed super funds.Of course this depends on the miracle there is any money left by next wednesday.Will that be a bullish or a bear market?What do you think Henry?Should I pay the commission free of the 2%margin requirment? Or should I demand interest rate security's?Maybe I should speculate and sell the wifes jewlery?I think I will just take the dog for a walk.

Nirvana yea right.This whole sham is about to blow up in every ones face.We are all drowning in plastic buckets and paper cups.

Economists should be allowed to join the majicians union.
Posted by PHILB, Tuesday, 7 February 2006 8:16:09 PM
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So PHILL,
Basicly what you are saying is "Who the hell has any money, and if they do, who cares what Henry thinks anyway" do I read you correctly mate?
Posted by SHONGA, Wednesday, 8 February 2006 1:19:37 AM
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Shonga.How astute you are.How did you work that out?must be sumfing I wrote.Last week I couldn't spell economist now I are one.

On a serious note.I don't take anything I read on O.L.O.to serious most of the sh#te on here cries out to have the piss taken out of it.Have you noticed that most of the commentry comes from writers that are a little to the right or am I to cynical you be the judge.What I truly love though is the use of words used by some posters to show how intelligent they think they are.I spend half my life looking in the dictionary.I have an Oxford and some of the words aint in it.I reckon it must be a secret code you can only learn at uni.I mean sh@t before O.L.O I never even heared of the word bottomry, look it up.Maybe it's just to keep the working class confused.I love being ignorant it keeps my feet firmly planted on the ground.

As soon as I saw the word" wage restraint" in Henry Thornton's piece.My imagination went into overdrive.Of course you will find that little faux par in anything you read from an economist.T.T.F.N. That's code for ta ta for now.
Posted by PHILB, Wednesday, 8 February 2006 2:19:41 AM
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Continued economic growth is simply unsustainable. The world's population had exploded since 1848 when the first oil began to flow from wells. Prices skyrocket as the price of oil ratchets ever upward. Simple fruit and produce required to maintain a decent standard of health are slowly edging their way out of the financial grasp of struggling families. Those on limited income are even worse off. The whole monetary system appears to revolve around the principles of "more people = bigger profits," but the time is fast approaching when the human population will reach an unsustainable level too, if it hasn't already. As a result, the financial markets will top out and we'll be plunged into major depression. It could well happen this decade as the price of oil soars. The cost of fertiliser rises along with that of oil, same with transport and produce. The CPI rises along with produce giving utility companies an excuse to raise the price of their services. Inflation never seems to end but let me assure you it will. The world economy is like a house of cards and one puff of wind will bring it crashing down. Be prepared people. Pay off your debts and dig up the back yard. The vegies you grow today might be the only things keeping you alive tomorrow. Oh damn. I forgot about global warming. Since our industrialised world has destroyed the environment, they'll be no water for the garden. Never mind. Johnny Howard will fix things. He'll further destroy our lives by completely doing away with social security, working longer hours for less pay, raising the pension age to 100 and by raising taxes so that when the starving take up pitch-forks and sticks (he's already taken our guns,) he'll be able to run off the the USA and live happily ever after with his mate Bush using the money he stole form you and I to fund his lavish lifestyle. De-population should happen quickly, but it won't because of greed for the mighty dollar. Best fiction writers can't see a way out of this one.
Posted by Wildcat, Wednesday, 8 February 2006 1:19:59 PM
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wild cat

You say in regard to population;
"Best fiction writers can't see a way out of this one"

Well here are four answers, which are non fiction:

1 Starvation
2 Bird Flue
3 Wars
4 Combination of abov
Posted by last word, Thursday, 9 February 2006 10:01:17 AM
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