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The Forum > General Discussion > Australia in consumer recession.

Australia in consumer recession.

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runner,

"Most of them know how idiotic evolution is"

Do they indeed?

But for me the big question is why do all those famous religious painters depict Adam and Eve with belly buttons?
Posted by Poirot, Wednesday, 25 June 2014 12:36:38 AM
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Mon Ami
Touché Poirot !
Posted by Bazz, Wednesday, 25 June 2014 8:09:21 AM
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.....But for me the big question is why do all those famous religious painters depict Adam and Eve with belly buttons?

Exactly, it's been a well oiled scam for generations, reaping billions of often TAX FREE money out of the system.

I just wish believers in god and creation would simply go about their business and mind their own business at the same time. In other words, believe what you wish but don't preach it.

Back to the recession. We must keep in our minds that Ford, Holden and Toyota are still here and mining is still employing, for now.

If you think consumer confidence is low now, you ain't seen nothin yet!

Take away mining and manufacturing and we will be far worse off than the likes of Eurooe because we have a very small population spread out across a very vast country which makes servicing our needs so much more expensive.

If our budget is not balanced within this term, which it won't be, we are in for a hiding to nothing as there is a train wreck in the making the likes of few alive today have ever seen. Ignore it at our peril I say, but the damage has already been done.
Posted by rehctub, Wednesday, 25 June 2014 8:56:59 AM
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Bazz AU bonds started around the time of the second world war. By off setting when they are bought and mature. That way Debt is managed. There is nothing new there.

Butch is of the conclusion Debt is paid with cash money, Mining is hiring to replace the ones that leave. Never again go into a boom and bust cycle, it done exactly nothing for our GDP. The only ones that it affected was the likes of Gina and other multinationals.

It’s not what the Treasurer can do for you, but what you can do for the Treasurer – as he obviously needs all the help he can get.

The whole nation suffers when consumers lose heart. Thus Joe Hockey's spectacularly unpopular first budget is proving economically damaging as well. While the Reserve Bank's verdict is out on the implications of the sharp consumer confidence dive, the budget itself features a sharper fiscal contraction than the central bank expected
Posted by 579, Wednesday, 25 June 2014 9:22:20 AM
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New government legislation will add about $100 million a year to the cost of providing broadband in Australia and this may mean that your annual internet bill could rise by about 5 per cent.

The cost to Australian business will be substantial. Telcos will be given the onerous task of ‘stopping the bytes’: identifying pirates and additional compliance costs. The rest of Australian business will have to bear the cost of monitoring corporate networks to prevent illegal file-sharing, and public Wi-Fi providers could be fined if their service is used for illegal file-sharing…

And why is the government taking punitive action against the telecommunications industry when similar laws of inspection and disclosure of illegal goods are not in force against shipping and other transportation companies? Because compliance will add a significant cost and achieve very little.
Posted by 579, Friday, 27 June 2014 5:04:43 PM
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The Reserve Bank forecasts that its stimulatory monetary policy (record low interest rates) will see GDP growth continuing through 2013 and 2014, and a return to 2.5% to 4% GDP growth through 2015, which would be a tremendous result if it actually eventuates.

Abbott's budget may yet result in a recession, with consumer confidence below 1990 level.

Our economy is going along at 3.5% but people are not bying commodities. What a brainless govt;.
Posted by 579, Sunday, 29 June 2014 2:33:54 PM
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