http://www.dailytelegraph.com.au/money/interest-rates/abbotts-slip-of-the-tongue-as-inflation-falls/story-fn300bzu-1226337059791


Quote:

The inflation rate for the 12 months to the end of March was just 1.6 per cent compared to 3.1 per cent for the same period last year, the bureau said. .. There were big rises in the prices for pharmaceuticals and petrol, but falls in the cost of fruit, furniture, overseas travel and overseas accommodation produced by the high Australian exchange rate. The Government will also credit its promise for a Budget surplus to be announced on May 8 for any Reserve Bank of Australia rate reduction. The RBA has used interest rates to keep inflation under control. The low numbers today means the central bank is now more likely to relax interest rates when it meets next Tuesday. Opposition Leader Tony Abbott was a week out when talking about the cost of borrowing being cut, apparently confusing the release of inflation data with the Reserve Bank's board meeting. He told reporters today: "Should the Reserve Bank lower interest rates today, that will be welcomed. "But that obviously is a matter for the bank." Treasurer Wayne Swan lept onto the slip of the tongue to accuse the Opposition of economic confusion. "It's no surprise Tony Abbott has no idea when interest rate decisions are being taken by the Reserve Bank," Mr Swan wrote on Twitter. "After all, Abbott and co had no idea how much it hurt families when rates went up ten times in a row under the Liberals."

And you rightards want this imbecile known as phony tony to have control of our economy,Abbott thinks 10 interest rate rises in a row is good economic management. You rightards must love working families having to pay for higher mortgages and lower wages.

Australia's economy is teetering on the brink of collapse.

Whether you choose to believe that or not is your choice.

The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole.

It is not faring anywhere near as good as people would have you believe.

Andrei.Hicks wrote on Apr 25^th, 2012 at 2:52pm:

Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe.

Yet EVERY indicator proves you wrong.

Andrei.Hicks wrote on Apr 25^th, 2012 at 2:52pm:

Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe.

I think we all know that mining is growing a lot faster than everything else actually doochebag!!

  :D :D :D

skippy. wrote on Apr 25^th, 2012 at 2:54pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. Yet EVERY indicator proves you wrong.

...except the one saying mining is growing at multiples of everything else!

STAGNATION IS DEATH!!!!!!!!!!!!!!!!!!

BatteriesNotIncluded wrote on Apr 25^th, 2012 at 2:54pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. I think we all know that mining is growing a lot faster than everything else actually doochebag!!   :D :D :D

I didn't say that my insane friend.
I said the mining boom is masking an otherwise not particularly pretty picture for Australia.

The weaker than expected growth rate was disappointing, it is better when the Treasury gets it right for planning but the rest is excellent. Pity it is all for nothing as Abbott will destroy everything within 12 months of getting power by ripping the heart out of all the planned and executed reform. Then after he has stuffed it and we are miles behind the world the next government will have to try and play catch up as Hawke had to after the mess Howard left as Treasurer.

skippy. wrote on Apr 25^th, 2012 at 2:54pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. Yet EVERY indicator proves you wrong.

Do you include the construction industry in those indicators?
Have a look at them.
I was chatting to a guy the other day who works in construction in Sydney and he painted a frightening picture of what they are going through.

Companies are pricing $0 to get the contracts and trying to make money on the materials.
Why?
Because there is zero building going on in the large scale, so the big companies are pushing into the middle and lower markets.
Which in turn is pushing the self contractors out and to the wall.
He told me in Melbourne a sub-contractor is going bust every 3 days where he works.
He said traditional companies like Pilkington etc are getting arse-raped by the Chinese companies on price and all of the stuff is being imported now and not made.

But hey mate, you just pretend everything is all fine.
No skin off my nose, I am just telling you don't fall for the propaganda.

Andrei.Hicks wrote on Apr 25^th, 2012 at 2:55pm:

BatteriesNotIncluded wrote on Apr 25th, 2012 at 2:54pm: Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. I think we all know that mining is growing a lot faster than everything else actually doochebag!!   :D :D :D I didn't say that my insane friend. I said the mining boom is masking an otherwise not particularly pretty picture for Australia.

Yes and in particular WA. But then again crap economics does not worry you look at your homeland in the Uass, it is doing so well and has been for a long time now. How long before the world realises that the US debt is so large and the government and people so conceited that the debt will never be repaid and they turn their backs on the Uass to be the next great third world under the patronage of China.

nairbe wrote on Apr 25^th, 2012 at 2:59pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 2:55pm: BatteriesNotIncluded wrote on Apr 25th, 2012 at 2:54pm: Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. I think we all know that mining is growing a lot faster than everything else actually doochebag!!   :D :D :D I didn't say that my insane friend. I said the mining boom is masking an otherwise not particularly pretty picture for Australia. Yes and in particular WA. But then again crap economics does not worry you look at your homeland in the Uass, it is doing so well and has been for a long time now. How long before the world realises that the US debt is so large and the government and people so conceited that the debt will never be repaid and they turn their backs on the Uass to be the next great third world under the patronage of China.

The USA is not my homeland. It is where I currently work and live.
I don't have intentions to be in the US for the rest of my life.

Anyway that has nothing to do with this topic whatsoever.

In the USA I just enjoy paying lower tax and having a decent cost of living at much cheaper cost right now.
It serves its purpose for me right now.

Andrei.Hicks wrote on Apr 25^th, 2012 at 2:59pm:

skippy. wrote on Apr 25th, 2012 at 2:54pm: Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. Yet EVERY indicator proves you wrong. Do you include the construction industry in those indicators? Have a look at them. I was chatting to a guy the other day who works in construction in Sydney and he painted a frightening picture of what they are going through. Companies are pricing $0 to get the contracts and trying to make money on the materials. Why? Because there is zero building going on in the large scale, so the big companies are pushing into the middle and lower markets. Which in turn is pushing the self contractors out and to the wall. He told me in Melbourne a sub-contractor is going bust every 3 days where he works. He said traditional companies like Pilkington etc are getting arse-raped by the Chinese companies on price and all of the stuff is being imported now and not made. But hey mate, you just pretend everything is all fine. No skin off my nose, I am just telling you don't fall for the propaganda.

That is not based on any statistic, but on your mates personal experience  .. i doubt his experience is an indicator used by the economists in Canberra ... In my part of the world I stuggle to find tradesmen to even show up because they are that busy ... but again, thats my personal experience and not a reflection of the austrlian economy....

Who cares what they say? Is life any easier? Can you make ends meet? Are you able to scratch enough together for all the energy and water bills? Can your kids afford schoolbooks and a uniform? Do you eat actual food or poor ppl fare?

The crap they say on the media about the "economy" has no bearing to reality. They say its up sometimes they say its down other times but meanwhile the cost of living gets higher and higher and nobody is buying realestates and banks wont lend developers a cent.

SOB

It isn't my mate you clown.

It's a guy who is a director at a building company that is in every state.
I had never met him before he sat next to me on the plane.

The commercial construction industry in Australia is not in good shape.

Sir Spot of Borg wrote on Apr 25^th, 2012 at 3:11pm:

Who cares what they say? Is life any easier? Can you make ends meet? Are you able to scratch enough together for all the energy and water bills? Can your kids afford schoolbooks and a uniform? Do you eat actual food or poor ppl fare? The crap they say on the media about the "economy" has no bearing to reality. They say its up sometimes they say its down other times but meanwhile the cost of living gets higher and higher and nobody is buying realestates and banks wont lend developers a cent. SOB

These are going to go up significantly as a result of a poor Government policy.
My energy bills in the USA are much cheaper than they were in Australia and I have a bigger house and use more energy than ever before.

Andrei.Hicks wrote on Apr 25^th, 2012 at 2:59pm:

skippy. wrote on Apr 25th, 2012 at 2:54pm: Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. Yet EVERY indicator proves you wrong. Do you include the construction industry in those indicators? Have a look at them. I was chatting to a guy the other day who works in construction in Sydney and he painted a frightening picture of what they are going through. Companies are pricing $0 to get the contracts and trying to make money on the materials. Why? Because there is zero building going on in the large scale, so the big companies are pushing into the middle and lower markets. Which in turn is pushing the self contractors out and to the wall. He told me in Melbourne a sub-contractor is going bust every 3 days where he works. He said traditional companies like Pilkington etc are getting arse-raped by the Chinese companies on price and all of the stuff is being imported now and not made. But hey mate, you just pretend everything is all fine. No skin off my nose, I am just telling you don't fall for the propaganda.

Most advanced economies would giver their right nut to have the economy of this country now, you go and play with your marbles and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. The USA have 1% mortgage rates because your economy is a bloody basket case, Japan have nil, just shows you how those economies along with much of Europe are basket cases,while Australia is among the strongest economies in the world. But dont worry, you'll be able to brag how stuffed it is soon, if phony Tony manages to get hold of this place he'll abort this economy like every thing else's he touches. We should just call him Erol.

The economy is in the toilet - all of those unwashed greenies in Tasmania will have to get a job because they wont be able to pay them the dole.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:01pm:

nairbe wrote on Apr 25th, 2012 at 2:59pm: Andrei.Hicks wrote on Apr 25th, 2012 at 2:55pm: BatteriesNotIncluded wrote on Apr 25th, 2012 at 2:54pm: Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. I think we all know that mining is growing a lot faster than everything else actually doochebag!!   :D :D :D I didn't say that my insane friend. I said the mining boom is masking an otherwise not particularly pretty picture for Australia. Yes and in particular WA. But then again crap economics does not worry you look at your homeland in the Uass, it is doing so well and has been for a long time now. How long before the world realises that the US debt is so large and the government and people so conceited that the debt will never be repaid and they turn their backs on the Uass to be the next great third world under the patronage of China. The USA is not my homeland. It is where I currently work and live. I don't have intentions to be in the US for the rest of my life. Anyway that has nothing to do with this topic whatsoever. In the USA I just enjoy paying lower tax and having a decent cost of living at much cheaper cost right now. It serves its purpose for me right now.

No you are confused, i know you like to claim to belong here but we don't want you, you make yourself clear about how much you masturbate over the wonderful Uass so stay there.

How does it not matter. I love this ignorant simplicity, especially from people who claim to be such big time exec's in finance. Yes our economy is shallow and ridding on mining at the moment. There are a range of issues there such as the dollar being so high is killing industries like tourism and what little is left of manufacturing. The buy a degree and visa program that Howard ran was caught out and with the dollar are now not cheap, particularly if the back door is not going to be left open for you. Agriculture is just making a comeback. We need to work at a future economy in tech, alternative energy specialties and the like but that too is not working with the nay sayers in the background that should know better.

Never mind your cheaper tax, if you fell out of work there you would come running home to aus where medicare would be free and the PBS would keep your prescriptions cheep never mind that the education is free for your kids and the safety net will make sure you don't starve. Don't kid yourself.

Andrei.Hicks wrote on Apr 25^th, 2012 at 2:55pm:

BatteriesNotIncluded wrote on Apr 25th, 2012 at 2:54pm: Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. I think we all know that mining is growing a lot faster than everything else actually doochebag!!   :D :D :D I didn't say that my insane friend. I said the mining boom is masking an otherwise not particularly pretty picture for Australia.

you are mostly correct although not quite a bad as you paint it. the mining industry is masking a lot of problems but the country is still in essentially good economic health especially by comparison with the prevailing gloabl status. But it is typical of labor to attack the are that is really pushing the economy along. true politics of envy.

I am not likely to lose my job - but I would leave the USA yes - you know if you are on a work visa, you tend to have to leave if you aren't working!!

Although not so much in Australia - you just pretend to be a refugee and they give you welfare and a house I think....  :)

skippy. wrote on Apr 25^th, 2012 at 3:13pm:

and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. .

The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again.

Johnsmith wrote on Apr 25^th, 2012 at 3:08pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 2:59pm: skippy. wrote on Apr 25th, 2012 at 2:54pm: Andrei.Hicks wrote on Apr 25th, 2012 at 2:52pm: Australia's economy is teetering on the brink of collapse. Whether you choose to believe that or not is your choice. The reality the mining boom is hiding a set of fundamental indicators which are very poor on the whole. It is not faring anywhere near as good as people would have you believe. Yet EVERY indicator proves you wrong. Do you include the construction industry in those indicators? Have a look at them. I was chatting to a guy the other day who works in construction in Sydney and he painted a frightening picture of what they are going through. Companies are pricing $0 to get the contracts and trying to make money on the materials. Why? Because there is zero building going on in the large scale, so the big companies are pushing into the middle and lower markets. Which in turn is pushing the self contractors out and to the wall. He told me in Melbourne a sub-contractor is going bust every 3 days where he works. He said traditional companies like Pilkington etc are getting arse-raped by the Chinese companies on price and all of the stuff is being imported now and not made. But hey mate, you just pretend everything is all fine. No skin off my nose, I am just telling you don't fall for the propaganda. That is not based on any statistic, but on your mates personal experience  .. i doubt his experience is an indicator used by the economists in Canberra ... In my part of the world I stuggle to find tradesmen to even show up because they are that busy ... but again, thats my personal experience and not a reflection of the austrlian economy....

The building industry in Sydney has been a cut throat game that is on it's knees since i was a kid. Sydney is a master disaster and with Fatty O'Barrell at the helm will not improve. He does not want another airport he would rather give that business to someone else. He is doing nothing and has not the guts to decentralise the government and infrastructure to help the rest of the state progress.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:20pm:

skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again.

Yea, good luck with that. Your assertion Obama would be kicked out of office are about as accurate as your assessment the Australian economy is in bad shape.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:20pm:

skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again.

How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:(

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:11pm:

It isn't my mate you clown. It's a guy who is a director at a building company that is in every state. I had never met him before he sat next to me on the plane. The commercial construction industry in Australia is not in good shape.

I don't give a rats arse if he's your mate or not ...maybe he's just a crap director? maybe a comment made on a plane by some yobbo you don't know isn't a real good indicator of anything ... maybe he was just having a whine to some stranger on a plane ... the fact that you continually put up a comment by some stranger you met on a plane as an economic indicator does your credibility no favors   

skippy. wrote on Apr 25^th, 2012 at 3:23pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. Yea, good luck with that. Your assertion Obama would be kicked out of office are about as accurate as your assessment the Australian economy is in bad shape.

If the Republicans stop p*ssing in each other's pockets and start attacking him and his hated healthcare plan - then he will lose.

Romney will start as the favourite.
I hope he wins for all of our sakes.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:18pm:

I am not likely to lose my job - but I would leave the USA yes - you know if you are on a work visa, you tend to have to leave if you aren't working!! Although not so much in Australia - you just pretend to be a refugee and they give you welfare and a house I think....  :)

you mean unlike the rest of the people in the USA?

nairbe wrote on Apr 25^th, 2012 at 3:24pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:(

I don't vote. I merely am entitled to an opinion as a taxpayer. But yes, I will be relying on the intelligence of the American people.

nairbe wrote on Apr 25^th, 2012 at 3:24pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:(

He makes it up as he goes along. The last time I read he claimed he voted in Britain. A lot of people dont even believe he lives in the USA and is just full of sh it, I'm still not certain of that though.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:26pm:

nairbe wrote on Apr 25th, 2012 at 3:24pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:( I don't vote. I merely am entitled to an opinion as a taxpayer. But yes, I will be relying on the intelligence of the American people.

the same people that voted in Bush Jnr ... hahahahaha hilarious

skippy. wrote on Apr 25^th, 2012 at 3:26pm:

nairbe wrote on Apr 25th, 2012 at 3:24pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:( He makes it up as he goes along. The last time I read he claimed he voted in Britain. A lot of people dont even believe he lives in the USA and is just full of sh it, I'm still not certain of that though.

mate it ain't hard.
I do vote in Britain. I hold Australian citizenship.
Done.

I don't intend to return to Australia any time soon.
If I leave the USA I will most likely go and live in London.

Done.

Johnsmith wrote on Apr 25^th, 2012 at 3:27pm:

Andrei.Hicks wrote on Apr 25th, 2012 at 3:26pm: nairbe wrote on Apr 25th, 2012 at 3:24pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:( I don't vote. I merely am entitled to an opinion as a taxpayer. But yes, I will be relying on the intelligence of the American people. the same people that voted in Bush Jnr ... hahahahaha hilarious

Yeah a country with more noble prize winners than the rest of the world added together.
That country.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:29pm:

Johnsmith wrote on Apr 25th, 2012 at 3:27pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:26pm: nairbe wrote on Apr 25th, 2012 at 3:24pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:( I don't vote. I merely am entitled to an opinion as a taxpayer. But yes, I will be relying on the intelligence of the American people. the same people that voted in Bush Jnr ... hahahahaha hilarious Yeah a country with more noble prize winners than the rest of the world added together. That country.

AGRRRR, that hurt, no wait a minute that was your unconditional surrender as a lame moron. Try keeping to the point ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D I recon you are a back room bean counter at woolies.

Quote:

I recon you are a back room bean counter at woolies.

Maybe, but if he's in the USA Walmart.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:29pm:

Johnsmith wrote on Apr 25th, 2012 at 3:27pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:26pm: nairbe wrote on Apr 25th, 2012 at 3:24pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:( I don't vote. I merely am entitled to an opinion as a taxpayer. But yes, I will be relying on the intelligence of the American people. the same people that voted in Bush Jnr ... hahahahaha hilarious Yeah a country with more noble prize winners than the rest of the world added together. That country.

they only got the noble prizes because the American public didn't have to vote for it ...

You dislike the USA. Fine. I get that.

However apportioning the country's population as unintelligent when the country leads the world in innovation, technical expertise, remains the largest economy in the world and holds more nobel prize winners is just silly.

If you want to hate America, then fine away you go. It's not like your opinion matters.

However stating it is a country not intelligent is just plain silly.
Look at the top 10 revenue generating companies.
How many American?
Now how many are Australian?

skippy. wrote on Apr 25^th, 2012 at 3:33pm:

Quote: I recon you are a back room bean counter at woolies. Maybe, but if he's in the USA Walmart.

Glad to see the level of debate here is as high as ever.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:34pm:

skippy. wrote on Apr 25th, 2012 at 3:33pm: Quote: I recon you are a back room bean counter at woolies. Maybe, but if he's in the USA Walmart. Glad to see the level of debate here is as high as ever.

;D ;D

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:34pm:

skippy. wrote on Apr 25th, 2012 at 3:33pm: Quote: I recon you are a back room bean counter at woolies. Maybe, but if he's in the USA Walmart. Glad to see the level of debate here is as high as ever.

Your incredibly inept comments are what leads one to consider this, so yep you do keep the quality of debate down now don't you.

On that note, I think I will leave my fellow Aussie people continuing to measure each other's dicks, argue more about the carbon tax and this guy Slipper (who if I am honest up til the other month I had never even heard of).

Adious cobbers.

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:34pm:

You dislike the USA. Fine. I get that. However apportioning the country's population as unintelligent when the country leads the world in innovation, technical expertise, remains the largest economy in the world and holds more nobel prize winners is just silly. If you want to hate America, then fine away you go. It's not like your opinion matters. However stating it is a country not intelligent is just plain silly. Look at the top 10 revenue generating companies. How many American? Now how many are Australian?

Gawd. I have to say this.

Revenue generation is not in indicator of intelligence.

That being said imo groups of ppl tend to be a lot less intelligent than a single person. There are intelligent ppl in every country (yeah! fancy that! Even in afghanistan! or iran! or indonesia!) but they may not be revenue generators. Too busy staying alive.

SOB

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:34pm:

You dislike the USA. Fine. I get that. However apportioning the country's population as unintelligent when the country leads the world in innovation, technical expertise, remains the largest economy in the world and holds more nobel prize winners is just silly. If you want to hate America, then fine away you go. It's not like your opinion matters. However stating it is a country not intelligent is just plain silly. Look at the top 10 revenue generating companies. How many American? Now how many are Australian?

how many of the personnel in those companies, the inventors of the technical expertise and nobel prize winners are actually foreign born ?

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:29pm:

Johnsmith wrote on Apr 25th, 2012 at 3:27pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:26pm: nairbe wrote on Apr 25th, 2012 at 3:24pm: Andrei.Hicks wrote on Apr 25th, 2012 at 3:20pm: skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again. How will you do that if you are Australian you cannot vote, and with that selfish conceited attitude best you stay there >:( I don't vote. I merely am entitled to an opinion as a taxpayer. But yes, I will be relying on the intelligence of the American people. the same people that voted in Bush Jnr ... hahahahaha hilarious Yeah a country with more noble prize winners than the rest of the world added together. That country.

A country full of smart ass citizens who were forced to share with the world moving pictures of their own citizens jumping to their deaths from a hundred story plus building to escape a fiery inferno made simply to stop them travelling the world and telling everyone how smart they were cos they had too many thermonucler impotence devices made courtesy of their war economy!

THAT COUNTRY!!  :o :-* :-*  ::) :-X  :-[ :-[ :-[ :-[ :-[

Andrei.Hicks wrote on Apr 25^th, 2012 at 2:52pm:

Australia's economy is teetering on the brink of collapse.

It's APPARENTLY been there since November, 2007

Try the UK - or US - you might not get as many LAUGHS, but maybe a bit more respect for your HONESTY



buzzanddidj wrote on Apr 19^th, 2012 at 11:31am:

Quote: Australia has the strongest economy in the developed world and it is expected to outperform all comers for at least the next two years, according to the International Monetary Fund.   The IMF also forecasts Australia's unemployment rate to remain low at 5.2 per cent in both 2012 and 2013. "With solid growth, low unemployment, contained inflation, strong public finances and a record pipeline of business investment, the Australian economy is the standout performer of the developed world" i It's ALL in the GROUNDWORK ... OECD praise for Canberra's stimulus package Tim Colebatch September 17, 2009. THE Federal Government has won glowing support for its controversial economic stimulus, with the Western world's leading think tank saying the strategy will save up to 200,000 jobs. The Organisation for Economic Co-operation and Development's annual employment outlook says Australia will be one of the Western countries to suffer least in the global financial crisis. And it says the Government's stimulus has already had a strong effect in cushioning the downturn, undermining Opposition attacks on the size of the program. Its data shows Australia spends just 0.01 per cent of GDP on training its unemployed - the equal lowest in the OECD along with Mexico and the Czech and Slovak republics. They show the Howard government cut spending on active labour market programs in its last two years as the skills shortage became more acute. By contrast, the OECD report singles out the Rudd Government's stimulus measures for praise. It estimates Australia's stimulus has been the third largest in the Western world at 5.4 per cent of GDP, exceeded only by Korea (6.1) and the US (5.7). ''Even though many countries moved quickly to enact large fiscal stimulus packages, these packages generally have not had a strong effect in cushioning the initial decline in employment caused by the crisis, although Australia is a notable exception,'' it says. http://www.theage.com.au/business/oecd-praise-for-canberras-stimulus-package-20090916-froi.html#ixzz1sRapvr8k

The problem with our economy is immigration, Australians don't like immigration and immigrants yet we have them forced on us more than any other country.  We are a non immigrant taking people like Japan, Korea and China - we always have been so lets stop ruining our country with immigration and put the unemployed\d greenies in Tasmania to work in the resources sector.  We dont like foreign cultures or their ways.

Prevailing wrote on Apr 25^th, 2012 at 4:07pm:

The problem with our economy is immigration, Australians don't like immigration and immigrants yet we have them forced on us more than any other country.  We are a non immigrant taking people like Japan, Korea and China - we always have been so lets stop ruining our country with immigration and put the unemployed\d greenies in Tasmania to work in the resources sector.  We dont like foreign cultures or their ways.

Australia was built on immigration

SOB

Andrei.Hicks wrote on Apr 25^th, 2012 at 3:20pm:

skippy. wrote on Apr 25th, 2012 at 3:13pm: and ask Obama if he'd like 5 % unemployment,low inflation, strong dollar, yuda yudda yudda. . The only thing I will be asking that pr*ck to do is p*ss off out of the White House this year and to shove his idiotic healthcare plan up his backside so nobody ever has to see it again.

of course you do because as even one of your own lecturers told you, you are without any sign of a conscience or interest in the affairs of others. Cant afford healthcare??? then suffer and die - the american way.

Prevailing wrote on Apr 25^th, 2012 at 4:07pm:

The problem with our economy is ...

We don't HAVE a "problem with our economy"

By ANY measure, the Australian economy is ...


http://mysteryoftheinquity.files.wordpress.com/2011/04/lrg_triplea.gif http://tallrite.files.wordpress.com/2012/01/gold-star-big1.png http://qualteam.tripod.com/qualteam/ist2_2679140_blue_chip_company.jpg

              PLUS




                                                                    http://www.cupcakebusinesscards.com/i/cupcake_and_butters_the_elephants_postage-p172400996354162417wt1r0_315.jpg




How about a list of countries, whose economies are in BETTER shape than Australia's ?i

Yeah. the answer to "no - we arent in good shape - just look around you" is "look @ other countries! We are better than them!"

That isnt an excuse. We are not in good shape ATM.

Spot

AUSTRALIA'S TWO SPEED ECONOMY GAP TO WIDEN

THE chasm between the mining industry and the economy's slow lanes will widen further this year, as a business investment boom goes into ''overdrive'', a new report says.

In a sign the economy is set to become more lopsided, Deloitte Access Economics has predicted a rapid acceleration in resources investment in the coming years, alongside further weakness in industries such as home building and retail.

The March Business Outlook report, to be published today, says spending on engineering construction will surge 47 per cent this financial year to almost $80 billion, before climbing to $92 billion in 2012-13 and $100 billion in 2013-14.

In contrast, investment in the important housing sector will remain subdued, shrinking 2.1 per cent to $70 billion in 2011-12 and growing just 5.5 per cent in 2012-13.

With most of the nation's highest employing industries in the doldrums, the report also predicts consumers will continue to save close to 10 per cent of their income, keeping spending growth weak.

As a result of the widening gap between miners and the rest, the report predicted Australia's ''two-speed'' economy would worsen in years ahead, despite overall growth being solid.

Gross domestic product would expand by 2.9 per cent this financial year and 3 per cent in the next, it said.

Treasurer Wayne Swan acknowledged the differences between sectors, but said the mining tax and a 1-percentage-point cut in company taxes would help struggling businesses.

By bringing the budget into surplus in 2012-13, he said the government was making sure the Reserve Bank had ''maximum flexibility'' to cut interest rates if needed.

''This report supports government's view of the economy, with a return to trend growth, low unemployment and a massive pipeline of investment surging through the economy,'' Mr Swan said.

''There is an avalanche of business investment forecast for this year and next, showing that despite the scaremongering from some quarters, the private sector is putting its money on the table and voting with confidence in the future of our economy.''

A partner at Deloitte Access, Chris Richardson, said the divide between mining and other parts of the economy had become so great that business investment was responsible for more than all the economy's net growth this financial year.

He said the main reason sectors outside mining were struggling was the high dollar, which has battered manufacturers in particular. ''For a bunch of businesses, when the dollar is above parity, they can't make a dollar,'' Mr Richardson said.

While some economists and business leaders have criticised the government's plan to bring the budget into surplus when many industries are struggling, the report said a surplus was now ''less dangerous'' to growth because of improvements in Europe's debt crisis.



Read more: http://www.smh.com.au/business/twospeed-economy-to-widen-20120423-1xha8.html#ixzz1t6ydmaxw

Sir Spot of Borg wrote on Apr 26^th, 2012 at 8:04am:

That isnt an excuse. We are not in good shape ATM. Spot

I agree.

Unfortunately some people on here have what only can be described as a "basic" of understanding of the health of an economy as a whole.

Australia's economy is not in terrific shape at all.
To say it is is either blind, ignorant or don't fully understand.
In someone like Buzz's case it would be the last option.
It's not his fault though, product of his upbringing and what his parents could afford and all that...  ;)

Andrei.Hicks wrote on Apr 26^th, 2012 at 1:07pm:

Sir Spot of Borg wrote on Apr 26th, 2012 at 8:04am: That isnt an excuse. We are not in good shape ATM. Spot I agree. Unfortunately some people on here have what only can be described as a "basic" of understanding of the health of an economy as a whole. Australia's economy is not in terrific shape at all. To say it is is either blind, ignorant or don't fully understand.

The entire WORLD is going through ( ... hopefully, exiting) the WORST financial turn down since the Great Depression

Understandably, NO country is in "great shape"

Australia just happens to be in the BEST shape
Australia's GFC management and stimulus strategy is widely recognised as "second to none" in effectiveness 

To claim OTHERWISE, is the work of one who "is either blind, ignorant or doesn't fully understand" 





buzzanddidj wrote on Apr 25^th, 2012 at 8:16pm:

How about a list of countries, whose economies are in BETTER shape than Australia's ?i

Kuwait
Saudi Arabia
Norway


There's three.

Andrei.Hicks wrote on Apr 26^th, 2012 at 2:13pm:

Kuwait Saudi Arabia Norway There's three.

That's IT ?

How's about comparable economies, cultures and trading partners ?

http://www.worldofstock.com/slides/PCU5318.jpg


http://gb.fotolibra.com/images/previews/694920-torn-union-jack.jpeg


http://farm3.staticflickr.com/2598/3942424270_311570eb0e_z.jpg


http://www.foreignpolicy.com/files/fp_uploaded_images/100924_1_104070834.jpg


http://media.cleveland.com/business_impact/photo/germany-opel-gm-7dbc1e56634bc441_large.jpg


http://krieger.jhu.edu/magazine/spsum06/images/french-flag.jpg


http://mysays.files.wordpress.com/2012/02/torn-greek-flag300.jpg