Things have been very quiet since the banks got a serve and no longer throw money at fools to buy old houses and junk apartments. Foreign investment into property deals has dropped by 58% I hear. The spill on effect is starting to bite with not much disposable income to throw around and that will effect the rest of the economy. It's a problem when your whole economy is based on a deck of cards and a ponzi scheme.

Forecasts  on Sunrise this morning

The Economist predicted that Sydney house prices could fall a further 25% this year

Should that occur there will be a recession

Like someone else said, you can almost feel it in the air

Spending is flat and people are pulling back. It is a self realising prophecy

The economy is all about confidence and it's long time now since Sydney was gangbuster capital of house prices

Buckle up and conserve your money because here it comes

red baron wrote on Feb 21^st, 2019 at 10:33am:

Forecasts  on Sunrise this morning

Oh, red   ::)

Bring it down!!!

---

It was an economist on Sunrise Gregg, I don't recall his name but the item did in fact occur..Do you have a problem with that?

Incidentally I predicted the start of the Dropoff in the real estate market way long before it occurred and I predicted it on this forum

I will also go on record as saying that I agree with the economist, we are borderline on recession now

We are in fact almost on flatline now with growth in our economy, it's only a matter of time before we tip

red baron wrote on Feb 21^st, 2019 at 10:44am:

It was an economist on Sunrise Gregg, I don't recall his name but the item did in fact occur..Do you have a problem with that? Incidentally I predicted the start of the Dropoff in the real estate market way long before it occurred and I predicted it on this forum I will also go on record as saying that I agree with the economist, we are borderline on recession now We are in fact almost on flatline now with growth in our economy, it's only a matter of time before we tip

I agree, there's a possibility of a global recession this year.

I just find it incredibly sad that you get your information from a TV show like Sunrise.

Stop watching garbage like that red - your brain will thank you.

red baron wrote on Feb 21^st, 2019 at 10:44am:

It was an economist on Sunrise Gregg, I don't recall his name but the item did in fact occur..Do you have a problem with that? Incidentally I predicted the start of the Dropoff in the real estate market way long before it occurred and I predicted it on this forum I will also go on record as saying that I agree with the economist, we are borderline on recession now We are in fact almost on flatline now with growth in our economy, it's only a matter of time before we tip

It's what happens when you keep throwing good money after bad at property deals and letting manufacturing go to waste :(

greggerypeccary wrote on Feb 21^st, 2019 at 10:50am:

red baron wrote on Feb 21st, 2019 at 10:44am: It was an economist on Sunrise Gregg, I don't recall his name but the item did in fact occur..Do you have a problem with that? Incidentally I predicted the start of the Dropoff in the real estate market way long before it occurred and I predicted it on this forum I will also go on record as saying that I agree with the economist, we are borderline on recession now We are in fact almost on flatline now with growth in our economy, it's only a matter of time before we tip I agree, there's a possibility of a global recession this year. I just find it incredibly sad that you get your information from a TV show like Sunrise. Stop watching garbage like that red - your brain will thank you.

Stop trying to be an intellectual snob on 'sources' Peckerhead.  ::)

The Sunrise program is also a part of the 'Big Picture'.  ;)

Jasin wrote on Feb 21^st, 2019 at 10:57am:

greggerypeccary wrote on Feb 21st, 2019 at 10:50am: red baron wrote on Feb 21st, 2019 at 10:44am: It was an economist on Sunrise Gregg, I don't recall his name but the item did in fact occur..Do you have a problem with that? Incidentally I predicted the start of the Dropoff in the real estate market way long before it occurred and I predicted it on this forum I will also go on record as saying that I agree with the economist, we are borderline on recession now We are in fact almost on flatline now with growth in our economy, it's only a matter of time before we tip I agree, there's a possibility of a global recession this year. I just find it incredibly sad that you get your information from a TV show like Sunrise. Stop watching garbage like that red - your brain will thank you. Stop trying to be an intellectual snob on 'sources' Peckerhead.  ::) The Sunrise program is also a part of the 'Big Picture'.  ;)

The Sunrise program is part of the problem.

greggerypeccary wrote on Feb 21^st, 2019 at 10:59am:

Jasin wrote on Feb 21st, 2019 at 10:57am: greggerypeccary wrote on Feb 21st, 2019 at 10:50am: red baron wrote on Feb 21st, 2019 at 10:44am: It was an economist on Sunrise Gregg, I don't recall his name but the item did in fact occur..Do you have a problem with that? Incidentally I predicted the start of the Dropoff in the real estate market way long before it occurred and I predicted it on this forum I will also go on record as saying that I agree with the economist, we are borderline on recession now We are in fact almost on flatline now with growth in our economy, it's only a matter of time before we tip I agree, there's a possibility of a global recession this year. I just find it incredibly sad that you get your information from a TV show like Sunrise. Stop watching garbage like that red - your brain will thank you. Stop trying to be an intellectual snob on 'sources' Peckerhead.  ::) The Sunrise program is also a part of the 'Big Picture'.  ;) The Sunrise program is part of the problem.

NO. YOU ARE! ::)

2018 was the car industry's worst on record since the 60s , this is what an uninspiring government that makes sure your wages stay low does

red baron wrote on Feb 21^st, 2019 at 10:33am:

Forecasts  on Sunrise this morning The Economist predicted that Sydney house prices could fall a further 25% this year Should that occur there will be a recession Like someone else said, you can almost feel it in the air Spending is flat and people are pulling back. It is a self realising prophecy The economy is all about confidence and it's long time now since Sydney was gangbuster capital of house prices Buckle up and conserve your money because here it comes

I saw that - a whopping 25% drop.

Time to save your money and wait for bargain.  :)

Its time wrote on Feb 21^st, 2019 at 11:09am:

2018 was the car industry's worst on record since the 60s , this is what an uninspiring government that makes sure your wages stay low does

and makes you make up for it with more credit cards :(

It's already here - wages haven't grown, people have too much debt and house prices are declining.

The economic downturn is inevitable, and the warning signs have been there for a few years. The key indicator is household savings. Rising costs and stagnant wages have forced households to run down their savings, and when these run out they have to cut back spending. When this happens, the economy must falter.

Other economic measures have pointed to a weakening economy such as declining house prices.

The Coalition can be rightfully blamed for causing this. They have been actively driving down wages by flooding the economy with foreign workers, restricting the ability of unions to negotiate better wages for workers, ignoring rampant wage theft, and persecuting the unemployed in various ways so as to make workers fear unemployment more. They have been putting out forecasts in every Budget that claim wages will rise, but all of these Budget predictions have been optimistic projections made up out of nothing.

Sir lastnail wrote on Feb 21^st, 2019 at 10:18am:

Things have been very quiet since the banks got a serve and no longer throw money at fools to buy old houses and junk apartments. Foreign investment into property deals has dropped by 58% I hear. The spill on effect is starting to bite with not much disposable income to throw around and that will effect the rest of the economy. It's a problem when your whole economy is based on a deck of cards and a ponzi scheme.

I am sure you are thrilled  and cant wait for it all to turn into reality....dont forget along with a down turn in investing  goes jobs...a LOT OF JOBS...maybe you know someone who will lose their job.....because no one is buying.

Bam wrote on Feb 21^st, 2019 at 11:53am:

The economic downturn is inevitable, and the warning signs have been there for a few years. The key indicator is household savings. Rising costs and stagnant wages have forced households to run down their savings, and when these run out they have to cut back spending. When this happens, the economy must falter. Other economic measures have pointed to a weakening economy such as declining house prices. The Coalition can be rightfully blamed for causing this. They have been actively driving down wages by flooding the economy with foreign workers, restricting the ability of unions to negotiate better wages for workers, ignoring rampant wage theft, and persecuting the unemployed in various ways so as to make workers fear unemployment more. They have been putting out forecasts in every Budget that claim wages will rise, but all of these Budget predictions have been optimistic projections made up out of nothing.

Exactly!

I thought it is already a recession. I feel a great depression coming on (or a big war)

Spot

cods wrote on Feb 21^st, 2019 at 12:05pm:

Sir lastnail wrote on Feb 21st, 2019 at 10:18am: Things have been very quiet since the banks got a serve and no longer throw money at fools to buy old houses and junk apartments. Foreign investment into property deals has dropped by 58% I hear. The spill on effect is starting to bite with not much disposable income to throw around and that will effect the rest of the economy. It's a problem when your whole economy is based on a deck of cards and a ponzi scheme. I am sure you are thrilled  and cant wait for it all to turn into reality....dont forget along with a down turn in investing  goes jobs...a LOT OF JOBS...maybe you know someone who will lose their job.....because no one is buying.

Most of those jobs lost will be dumbarse tradies, realestate scumbags and property developers who have had it good for too long chiseling borrowed money out of them :( Many other sectors of the economy did not benefit from this government sponsored housing and immigration ponzi scheme. I will be glad to see it dismantled and Australia take a good dose of reality !

It wasn't so long ago that you were gloating about the prospect of selling your house to the highest foreign bidder whilst you expected the young locals who were priced out of the market to keep going to work so their taxes could pay for your pension. Looks like you might have missed the boat ;)

And less money to spend means more will be shopping at Aldis. ;)

Sir Spot of Borg wrote on Feb 21^st, 2019 at 12:52pm:

I thought it is already a recession. I feel a great depression coming on (or a big war) Spot

YOU'RE SPOT ON THERE MATE!

With china blocking our coal exports a recession is inevitable. We are no better than a country like Brazil :(

We are way better than Brazil

There was a time I remember as a kid when Australia rode home on the 'sheeps back"

Don't get hung up on our  need for China

This Country is bountiful

We will never run out of food nor the essentials

How do you think early settlers got by?

But......China sure as hell will run out of coal

In all honesty

It seems a little strange

Both parties are trying everything, not to be elected, while pretending they want to be elected.

The last time a party went to this much trouble to avoid being elected, we had the GFC.

I reckon something is coming
And it's going to be nasty
And neither party wants to be in power when it hits.

Mark my words.

Sir lastnail wrote on Feb 21^st, 2019 at 10:18am:

Things have been very quiet since the banks got a serve and no longer throw money at fools to buy old houses and junk apartments. Foreign investment into property deals has dropped by 58% I hear. The spill on effect is starting to bite with not much disposable income to throw around and that will effect the rest of the economy. It's a problem when your whole economy is based on a deck of cards and a ponzi scheme.

I have been through a couple of meltdowns and a recession or two , And to be honest i cant say I've really noticed any of them ,,

Sir lastnail wrote on Feb 21^st, 2019 at 10:18am:

Things have been very quiet since the banks got a serve and no longer throw money at fools to buy old houses and junk apartments. Foreign investment into property deals has dropped by 58% I hear. The spill on effect is starting to bite with not much disposable income to throw around and that will effect the rest of the economy. It's a problem when your whole economy is based on a deck of cards and a ponzi scheme.

Yeah, if Labor gets in, it will happen.  Otherwise - nah.

Frank wrote on Feb 22^nd, 2019 at 5:54pm:

Sir lastnail wrote on Feb 21st, 2019 at 10:18am: Things have been very quiet since the banks got a serve and no longer throw money at fools to buy old houses and junk apartments. Foreign investment into property deals has dropped by 58% I hear. The spill on effect is starting to bite with not much disposable income to throw around and that will effect the rest of the economy. It's a problem when your whole economy is based on a deck of cards and a ponzi scheme. Yeah, if Labor gets in, it will happen.  Otherwise - nah.

You are on the money there Frankie . Those pink f@rks will kill the economy

Frank wrote on Feb 22^nd, 2019 at 5:54pm:

Sir lastnail wrote on Feb 21st, 2019 at 10:18am: Things have been very quiet since the banks got a serve and no longer throw money at fools to buy old houses and junk apartments. Foreign investment into property deals has dropped by 58% I hear. The spill on effect is starting to bite with not much disposable income to throw around and that will effect the rest of the economy. It's a problem when your whole economy is based on a deck of cards and a ponzi scheme. Yeah, if Labor gets in, it will happen.  Otherwise - nah.

A certainty if we keep either....... we've been there for years already.

red baron wrote on Feb 22^nd, 2019 at 1:33pm:

We are way better than Brazil There was a time I remember as a kid when Australia rode home on the 'sheeps back" Don't get hung up on our  need for China This Country is bountiful We will never run out of food nor the essentials How do you think early settlers got by? But......China sure as hell will run out of coal

Now we are riding the back of the mineral boom. Like sheep it won't last forever and then what is the next rabbit they will pull out of their hat ? The problem with aussies is they tend to run the country as a casino and rely on luck for good fortune rather than plan a proper future.

Frank wrote on Feb 22^nd, 2019 at 5:54pm:

Sir lastnail wrote on Feb 21st, 2019 at 10:18am: Things have been very quiet since the banks got a serve and no longer throw money at fools to buy old houses and junk apartments. Foreign investment into property deals has dropped by 58% I hear. The spill on effect is starting to bite with not much disposable income to throw around and that will effect the rest of the economy. It's a problem when your whole economy is based on a deck of cards and a ponzi scheme. Yeah, if Labor gets in, it will happen.  Otherwise - nah.

It won't matter if it's Labor or liberal. They are just two sides of the same coin. We have no powder left in the gun and are just relying on luck to get us by. The luck is fast running out.

Sir lastnail wrote on Feb 22^nd, 2019 at 9:56am:

With china blocking our coal exports a recession is inevitable. We are no better than a country like Brazil :(

Maybe it's a conspiracy?

The Chinese want to wreck our economy  so
they can buy everything cheaply  -
houses
businesses?

Those whom HAD THE RESPONSIBILITY, to run the Local/Global Economy, had things easy for quite some time (About 200 years), because the Major underlying factors, which pretty mauch ensured Economic Growth, were actually in a "Fairytale" situation for some 200 years!

Those factors being -
1) Demographics
2) Energy
3) Positive/Fairytale Climate

All of the Positivity has now "Evaporated" and Economic events have begun to side, DOWN!

We are now entering a period (Have already entered), when ALL THOSE WHO MAKE DECISIONS, at the Local & Global
levels, should have started making decisions for the "Long Term Good of All", BUT THEY DID NOT & THAT HAS & WILL BE REFLECTED IN WHAT IS NOW AHEAD!

WE will ALL HAVE TO VIEW THINGS DIFFERENTLY, BECAUSE THOSE 3 MAJOR FACTORS HAVE NOW CHANGED!

perceptions_now wrote on Feb 23^rd, 2019 at 6:54pm:

Those whom HAD THE RESPONSIBILITY, to run the Local/Global Economy, had things easy for quite some time (About 200 years), because the Major underlying factors, which pretty mauch ensured Economic Growth, were actually in a "Fairytale" situation for some 200 years! Those factors being - 1) Demographics 2) Energy 3) Positive/Fairytale Climate All of the Positivity has now "Evaporated" and Economic events have begun to side, DOWN! We are now entering a period (Have already entered), when ALL THOSE WHO MAKE DECISIONS, at the Local & Global levels, should have started making decisions for the "Long Term Good of All", BUT THEY DID NOT & THAT HAS & WILL BE REFLECTED IN WHAT IS NOW AHEAD! WE will ALL HAVE TO VIEW THINGS DIFFERENTLY, BECAUSE THOSE 3 MAJOR FACTORS HAVE NOW CHANGED!

The Govts. allowed too many immigrants from countries
where the people couln't assimilate in Australia -
uneducated rabble that no one in the world wanted and we accepted them.

Now we'll pay a heavy price both in terms of crime
and huge social security bills.

Also - we just don't have the infrastructure to support that many people -
the roads are congested -
the Monash freeway - the main road of Melbourne is a car park for 5 hours a day -
the hospitals can't cope -
1 and 2 year waiting list are normal for operations etc.

There aren't enough dentists and the ones who do that work
charge like wounded bulls and get away with it.

Our health and our wealth will disappear quickly.

Yep.
Australia used to be a place of QUALITY
Even Sydney and Melbourne could live up to that standard.

But then after 2000.
Australia 'Sold Out' and QUANTITY was the name of the game.

Norway Looks to Strip 1,600 Migrants of Refugee Status, Send Them Back to Somalia.


https://www.breitbart.com/europe/2018/09/05/norway-looks-strip-1600-somalis-refugee-status-send-somalia/


The Norwegian government has come under fire from pro-migrant groups after announcing it would be removing refugee status from some 1,600 Somalians and sending them back to Somalia, noting the situation in the country had improved.

The Norwegian government has said that Somalia now has a more stable government and the refugees no longer need the protection of the Norwegian state, Nettavisen reports.

Several pro-asylum seeker groups have spoken out against the move accusing the government of breaking international asylum rules, such as the Norwegian Organization for Asylum Seekers (NOAS) which argued that the conditions in Somali have not changed enough to justify stripping the migrants of refugee status.

Jasin wrote on Feb 23^rd, 2019 at 7:28pm:

Yep. Australia used to be a place of QUALITY Even Sydney and Melbourne could live up to that standard. But then after 2000. Australia 'Sold Out' and QUANTITY was the name of the game.

We could always take those 1600 Somalis - that would help them?

Bobby. wrote on Feb 23^rd, 2019 at 7:33pm:

Jasin wrote on Feb 23rd, 2019 at 7:28pm: Yep. Australia used to be a place of QUALITY Even Sydney and Melbourne could live up to that standard. But then after 2000. Australia 'Sold Out' and QUANTITY was the name of the game. We could always take those 1600 Somalis - that would help them?

How to deal with Somalians

https://www.youtube.com/watch?v=1NKdAxN5jJI

Sir lastnail wrote on Feb 24^th, 2019 at 11:10am:

Bobby. wrote on Feb 23rd, 2019 at 7:33pm: Jasin wrote on Feb 23rd, 2019 at 7:28pm: Yep. Australia used to be a place of QUALITY Even Sydney and Melbourne could live up to that standard. But then after 2000. Australia 'Sold Out' and QUANTITY was the name of the game. We could always take those 1600 Somalis - that would help them? How to deal with Somalians

No way Nail - the Labor party will welcome them here -
the more that arrive the more votes the Labor party gets.
Import Labor voters.
They'll get a pile of money,  free medical & dental - they'll be on easy street.
We have to pay for it as taxpayers - there's no choice on our tax return.

red baron wrote on Feb 21^st, 2019 at 10:44am:

It was an economist on Sunrise Gregg, I don't recall his name but the item did in fact occur..Do you have a problem with that? Incidentally I predicted the start of the Dropoff in the real estate market way long before it occurred and I predicted it on this forum I will also go on record as saying that I agree with the economist, we are borderline on recession now We are in fact almost on flatline now with growth in our economy, it's only a matter of time before we tip

If Koch is still hosting Sunrise he is an economist, a very ordinary one but he is qualified.

Can anyone else feel a recession coming on ?

https://www.youtube.com/watch?v=zl5xnTqOQqQ

Sir lastnail wrote on Mar 6^th, 2019 at 1:23pm:

Can anyone else feel a recession coming on ?

Yes, and it will be fast-tracked by Bowen / Shorten.  >:(