Australian Politics Forum - Has the recession already started in Australia ?

Sir lastnail

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Has the recession already started in Australia ?
Aug 5^th, 2010 at 2:25pm

If you read the media and believe the ABS stats on unemployment you'd think that the streets were still paved with gold !!

Talk to retailers and other small business owners and you get a grim picture. Money is tight and people just aint spending probably because they are maxed out on debt wondering where the next dollar is coming from to pay off their mortgage.

Are we in a two speed economy which is hiding the true nature of the economy and is the media purposely hiding the reality of the situation just because they can't afford to lose their major advertising sponsors ?

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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gizmo_2655

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Re: Has the recession already started in Australia ?
Reply #1 - Aug 5^th, 2010 at 2:55pm

Sir lastnail wrote on Aug 5^th, 2010 at 2:25pm:

If you read the media and believe the ABS stats on unemployment you'd think that the streets were still paved with gold !!

Talk to retailers and other small business owners and you get a grim picture. Money is tight and people just aint spending probably because they are maxed out on debt wondering where the next dollar is coming from to pay off their mortgage.

Are we in a two speed economy which is hiding the true nature of the economy and is the media purposely hiding the reality of the situation just because they can't afford to lose their major advertising sponsors ?

I thought it had already ended....

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"I just get sick of people who place a label on someone else with their own definition.

It's similar to a strawman fallacy"
Bobbythebat

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vegitamite

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Re: Has the recession already started in Australia ?
Reply #2 - Aug 5^th, 2010 at 3:13pm

Are we in a two speed economy which is hiding the true nature of the economy and is the media purposely hiding the reality of the situation just because they can't afford to lose their major advertising sponsors
==================

Yep, I was listening again to Peter Martin yesterday arvo on the ABC Radio. He said that this is where the mining tax would and could SPREAD the wealth through the two speed economy..
But the liberals dont want to spread the wealth.
They like the high wealth class distinction thats being created...

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it_is_the_light Gold Member Offline Christ Light Posts: 41434 The Pyramid of LIGHT Gender:	Re: Has the recession already started in Australia ? Reply #3 - Aug 5^th, 2010 at 3:17pm yes welcome to the real world wakeup and smell the deception or continue to listen to govt propaganda dept the ABS
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Ex Dame Pansi

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Re: Has the recession already started in Australia ?
Reply #4 - Aug 5^th, 2010 at 6:26pm

I believe that the statistics we get from the ABS are what the government want us to get. they just don't ring true with the real world, the community.

I wonder why I hear of more people losing jobs and businesses shutting up shop or struggling to keep their business going, then on the other hand, I hear of all these jobs that got created. I'd like to know where because I haven't heard of anyone getting one.

There's the REAL WORLD, and there's the FAKE WORLD that the government wants to feed us.

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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what_katy_did Full Member Offline Posts: 148 Melbourne Gender:	Re: Has the recession already started in Australia ? Reply #5 - Aug 6^th, 2010 at 8:27am are we living in the Truman Show?
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Sir lastnail Gold Member Offline Australian Politics Posts: 30923 Gender:	Re: Has the recession already started in Australia ? Reply #6 - Aug 6^th, 2010 at 12:24pm it_is_the_light wrote on Aug 5^th, 2010 at 3:17pm: yes welcome to the real world wakeup and smell the deception or continue to listen to govt propaganda dept the ABS Or George Orwell's Ministry of Truth !!
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perceptions_now Gold Member Offline Australian Politics Posts: 11694 Perth WA Gender:	Re: Has the recession already started in Australia ? Reply #7 - Aug 6^th, 2010 at 1:20pm Quote: LastNail Has the recession already started in Australia ? No!
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Lobo Gold Member Offline Australian Politics Posts: 7408 Sydney Gender:	Re: Has the recession already started in Australia ? Reply #8 - Aug 6^th, 2010 at 2:45pm perceptions_now wrote on Aug 6^th, 2010 at 1:20pm: Quote: LastNail Has the recession already started in Australia ? No! Ditto... You beat me to it, pn.
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Del_has_returned

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Re: Has the recession already started in Australia ?
Reply #9 - Aug 6^th, 2010 at 3:38pm

Quote:

Yep, I was listening again to Peter Martin yesterday arvo on the ABC Radio. He said that this is where the mining tax would and could SPREAD the wealth through the two speed economy..
But the liberals dont want to spread the wealth.
They like the high wealth class distinction thats being created...

You're a bitter old trout Vegetable...........ask Kev's wife to spread her wealth......see what her response is.

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Labor.....what a bloody joke...

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hawil

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Re: Has the recession already started in Australia ?
Reply #10 - Aug 6^th, 2010 at 4:55pm

Here is some data on where the money is:
There are currently some 423,000 DIY funds with 806, 500 members.
The average funds have $947,000 in assets.
The ABS reported that in mid-2007 the superannuation funds for Australian workers held $23,698 in assets and the median balance for workers between the ages of 55 and 64 was $71,731.
This shows, how the wealth is distributed.
At least half the DIY funds owners of the assets do not pay any tax, despite annual incomes of often more $110,00 per annum if their super fund is a so-called taxed fund and in retirement phase and in most cases will receive a cheque for the dividend imputastion from the government, if they hold shares in their funds.
The great super fraud is well alive and running

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BlOoDy RiPpEr Gold Member Offline aussie-patriot.com Posts: 2475 Sydney Gender:	Re: Has the recession already started in Australia ? Reply #11 - Aug 7^th, 2010 at 10:42am Its a bit like inflation figures. They cut out the its they don’t want to make it look good.
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freediver Gold Member Offline www.ozpolitic.com Posts: 53210 At my desk.	Re: Has the recession already started in Australia ? Reply #12 - Aug 7^th, 2010 at 10:44am The economy is OK. People just aren't wasting their money on crap. Hence the trinket sellers doing it tough.
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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Has the recession already started in Australia ? Reply #13 - Aug 14^th, 2010 at 8:29am This is America. We are not immune to such problems if the government doesn't take some immediate and serious action in providing affordable housing.
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Sir lastnail Gold Member Offline Australian Politics Posts: 30923 Gender:	Re: Has the recession already started in Australia ? Reply #14 - Aug 14^th, 2010 at 12:41pm Ex Dame Pansi wrote on Aug 14^th, 2010 at 8:29am: This is America. We are not immune to such problems if the government doesn't take some immediate and serious action in providing affordable housing. And that's just to be put on a waiting list
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