Australian Politics Forum - When in doubt compare Aus to cripples

Maqqa Gold Member Offline 14% - that low?! Posts: 16000	Re: When in doubt compare Aus to cripples Reply #30 - May 29^th, 2012 at 11:17pm http://www.dfat.gov.au/geo/fs/aust.pdf watch for the currency conversion
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MOTR Gold Member Offline Australian Politics Posts: 6646	Re: When in doubt compare Aus to cripples Reply #31 - May 30^th, 2012 at 1:15am You can measure the GDP of a country in any currency you like, Maqqa. Here's a heads up, we're Australian we tend to measure our national accounts, including GDP, in AUD. Only an idiot would argue that the Australian economy today is smaller than what it was in 2007.
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Dsmithy70

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Re: When in doubt compare Aus to cripples
Reply #32 - May 30^th, 2012 at 10:01am

Recent economic indicators:
                                             2006       2007          2008          2009          2010(a)             2011(b)
GDP (US$bn) (current prices):    785.8       954.5          1,060.7    987.1          1,238.0             1,507.4
GDP PPP (US$bn) (c):                736.1       792.1          830.6       850.9          883.8                919.0
GDP per capita (US$):             37,644    44,891       48,813       44,602       55,150                66,984
GDP per capita PPP (US$) (c):    35,267    37,253       38,224       38,763       39,764                40,836
Real GDP growth (% change yoy):2.5          4.7             2.4          1.5             2.5                   1.8
Current account balance (US$m):-41,503 -59,214       -47,442    -42,031    -33,027             -32,801
Current account balance (% GDP):-5.3       -6.2          -4.5          -4.3             -2.7                   -2.2
Goods & services exports (% GDP):20.0       19.1          22.3          20.0             21.2                   21.1
Inflation (% change yoy):             3.3          3.0          3.7             2.1             2.7                      3.5

Seeing everything that should go up has & everything that should come down also has travelled in the right direction, a .7% slowing probably was on the cards, I'm assuming you wish us to only focus on that line.
The top line is the most telling our GDP has all but doubled since we booted Howard out.

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
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Maqqa

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Re: When in doubt compare Aus to cripples
Reply #33 - May 30^th, 2012 at 10:02am

MOTR wrote on May 30^th, 2012 at 1:15am:

You can measure the GDP of a country in any currency you like, Maqqa. Here's a heads up, we're Australian we tend to measure our national accounts, including GDP, in AUD. Only an idiot would argue that the Australian economy today is smaller than what it was in 2007.

So show me the AUD equivalent!

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Maqqa

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Re: When in doubt compare Aus to cripples
Reply #34 - May 30^th, 2012 at 10:04am

Dsmithy70 wrote on May 30^th, 2012 at 10:01am:

Recent economic indicators:
2006 2007 2008 2009 2010(a) 2011(b)
GDP (

US$bn

) (current prices): 785.8 954.5 1,060.7 987.1 1,238.0 1,507.4
GDP PPP (US$bn
) (c): 736.1 792.1 830.6 850.9 883.8 919.0
GDP per capita (

US$

):             37,644    44,891       48,813       44,602       55,150                66,984
GDP per capita PPP (US$
) (c):    35,267    37,253       38,224       38,763       39,764                40,836
Real GDP growth (% change yoy):2.5          4.7             2.4          1.5             2.5                   1.8
Current account balance (US$m):-41,503 -59,214       -47,442    -42,031    -33,027             -32,801
Current account balance (% GDP):-5.3       -6.2          -4.5          -4.3             -2.7                   -2.2
Goods & services exports (% GDP):20.0       19.1          22.3          20.0             21.2                   21.1
Inflation (% change yoy):             3.3          3.0          3.7             2.1             2.7                      3.5

Seeing everything that should go up has & everything that should come down also has travelled in the right direction, a .7% slowing probably was on the cards, I'm assuming you wish us to only focus on that line.
The top line is the most telling our GDP has all but doubled since we booted Howard out.

Look at the numbers again and in reference to the exchange rates

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Dsmithy70

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Re: When in doubt compare Aus to cripples
Reply #35 - May 30^th, 2012 at 10:22am

Maqqa wrote on May 30^th, 2012 at 10:04am:

Dsmithy70 wrote on May 30^th, 2012 at 10:01am:

Recent economic indicators:
2006 2007 2008 2009 2010(a) 2011(b)
GDP (

US$bn

) (current prices): 785.8 954.5 1,060.7 987.1 1,238.0 1,507.4
GDP PPP (US$bn
) (c): 736.1 792.1 830.6 850.9 883.8 919.0
GDP per capita (

US$

):             37,644    44,891       48,813       44,602       55,150                66,984
GDP per capita PPP (US$
) (c):    35,267    37,253       38,224       38,763       39,764                40,836
Real GDP growth (% change yoy):2.5          4.7             2.4          1.5             2.5                   1.8
Current account balance (US$m):-41,503 -59,214       -47,442    -42,031    -33,027             -32,801
Current account balance (% GDP):-5.3       -6.2          -4.5          -4.3             -2.7                   -2.2
Goods & services exports (% GDP):20.0       19.1          22.3          20.0             21.2                   21.1
Inflation (% change yoy):             3.3          3.0          3.7             2.1             2.7                      3.5

Seeing everything that should go up has & everything that should come down also has travelled in the right direction, a .7% slowing probably was on the cards, I'm assuming you wish us to only focus on that line.
The top line is the most telling our GDP has all but doubled since we booted Howard out.

Look at the numbers again and in reference to the exchange rates

So now you wish to blame exchange rates, geez we really must have been in the sh!tter during Howard's tenure when the AUD hit its all time low of .4775 & hovered around its historical average of .75.
Stop digging mate Wink

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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Maqqa

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14% - that low?!

Posts: 16000

Re: When in doubt compare Aus to cripples
Reply #36 - May 30^th, 2012 at 10:25am

Dsmithy70 wrote on May 30^th, 2012 at 10:22am:

Maqqa wrote on May 30^th, 2012 at 10:04am:

Dsmithy70 wrote on May 30^th, 2012 at 10:01am:

Recent economic indicators:
2006 2007 2008 2009 2010(a) 2011(b)
GDP (

US$bn

) (current prices): 785.8 954.5 1,060.7 987.1 1,238.0 1,507.4
GDP PPP (US$bn
) (c): 736.1 792.1 830.6 850.9 883.8 919.0
GDP per capita (

US$

):             37,644    44,891       48,813       44,602       55,150                66,984
GDP per capita PPP (US$
) (c):    35,267    37,253       38,224       38,763       39,764                40,836
Real GDP growth (% change yoy):2.5          4.7             2.4          1.5             2.5                   1.8
Current account balance (US$m):-41,503 -59,214       -47,442    -42,031    -33,027             -32,801
Current account balance (% GDP):-5.3       -6.2          -4.5          -4.3             -2.7                   -2.2
Goods & services exports (% GDP):20.0       19.1          22.3          20.0             21.2                   21.1
Inflation (% change yoy):             3.3          3.0          3.7             2.1             2.7                      3.5

Seeing everything that should go up has & everything that should come down also has travelled in the right direction, a .7% slowing probably was on the cards, I'm assuming you wish us to only focus on that line.
The top line is the most telling our GDP has all but doubled since we booted Howard out.

Look at the numbers again and in reference to the exchange rates

So now you wish to blame exchange rates, geez we really must have been in the sh!tter during Howard's tenure when the AUD hit its all time low of .4775 & hovered around its historical average of .75.
Stop digging mate Wink

Where did I blame the exchange rate for how bad the economy is going?

I am simply pointing out that at the time of measuring you need to take into account all factors.

As for the 0.45 - are we measuring it in accordance to that time or are wee looking at the economy in 2007 and comparing it to the economy of last 12 months?

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Dsmithy70

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Posts: 13147
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Re: When in doubt compare Aus to cripples
Reply #37 - May 30^th, 2012 at 10:35am

Maqqa wrote on May 30^th, 2012 at 10:25am:

Dsmithy70 wrote on May 30^th, 2012 at 10:22am:

Maqqa wrote on May 30^th, 2012 at 10:04am:

Dsmithy70 wrote on May 30^th, 2012 at 10:01am:

Recent economic indicators:
2006 2007 2008 2009 2010(a) 2011(b)
GDP (

US$bn

) (current prices): 785.8 954.5 1,060.7 987.1 1,238.0 1,507.4
GDP PPP (US$bn
) (c): 736.1 792.1 830.6 850.9 883.8 919.0
GDP per capita (

US$

):             37,644    44,891       48,813       44,602       55,150                66,984
GDP per capita PPP (US$
) (c):    35,267    37,253       38,224       38,763       39,764                40,836
Real GDP growth (% change yoy):2.5          4.7             2.4          1.5             2.5                   1.8
Current account balance (US$m):-41,503 -59,214       -47,442    -42,031    -33,027             -32,801
Current account balance (% GDP):-5.3       -6.2          -4.5          -4.3             -2.7                   -2.2
Goods & services exports (% GDP):20.0       19.1          22.3          20.0             21.2                   21.1
Inflation (% change yoy):             3.3          3.0          3.7             2.1             2.7                      3.5

Seeing everything that should go up has & everything that should come down also has travelled in the right direction, a .7% slowing probably was on the cards, I'm assuming you wish us to only focus on that line.
The top line is the most telling our GDP has all but doubled since we booted Howard out.

Look at the numbers again and in reference to the exchange rates

So now you wish to blame exchange rates, geez we really must have been in the sh!tter during Howard's tenure when the AUD hit its all time low of .4775 & hovered around its historical average of .75.
Stop digging mate Wink

Where did I blame the exchange rate for how bad the economy is going?

I am simply pointing out that at the time of measuring you need to take into account all factors.

As for the 0.45 - are we measuring it in accordance to that time or are wee looking at the economy in 2007 and comparing it to the economy of last 12 months?

Find me one independent qualified person who thinks economy is going bad.
Accountant
Economist
Lecturer
hell even financial reporter

Just one to back your claim of a bad economy.

The only idiots who say that are Abbott,Hockey & their lackey's.
Are you a lackey?

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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Maqqa

Gold Member

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14% - that low?!

Posts: 16000

Re: When in doubt compare Aus to cripples
Reply #38 - May 30^th, 2012 at 11:02am

Dsmithy70 wrote on May 30^th, 2012 at 10:35am:

Maqqa wrote on May 30^th, 2012 at 10:25am:

Dsmithy70 wrote on May 30^th, 2012 at 10:22am:

Maqqa wrote on May 30^th, 2012 at 10:04am:

Dsmithy70 wrote on May 30^th, 2012 at 10:01am:

Recent economic indicators:
2006 2007 2008 2009 2010(a) 2011(b)
GDP (

US$bn

) (current prices): 785.8 954.5 1,060.7 987.1 1,238.0 1,507.4
GDP PPP (US$bn
) (c): 736.1 792.1 830.6 850.9 883.8 919.0
GDP per capita (

US$

):             37,644    44,891       48,813       44,602       55,150                66,984
GDP per capita PPP (US$
) (c):    35,267    37,253       38,224       38,763       39,764                40,836
Real GDP growth (% change yoy):2.5          4.7             2.4          1.5             2.5                   1.8
Current account balance (US$m):-41,503 -59,214       -47,442    -42,031    -33,027             -32,801
Current account balance (% GDP):-5.3       -6.2          -4.5          -4.3             -2.7                   -2.2
Goods & services exports (% GDP):20.0       19.1          22.3          20.0             21.2                   21.1
Inflation (% change yoy):             3.3          3.0          3.7             2.1             2.7                      3.5

Seeing everything that should go up has & everything that should come down also has travelled in the right direction, a .7% slowing probably was on the cards, I'm assuming you wish us to only focus on that line.
The top line is the most telling our GDP has all but doubled since we booted Howard out.

Look at the numbers again and in reference to the exchange rates

So now you wish to blame exchange rates, geez we really must have been in the sh!tter during Howard's tenure when the AUD hit its all time low of .4775 & hovered around its historical average of .75.
Stop digging mate Wink

Where did I blame the exchange rate for how bad the economy is going?

I am simply pointing out that at the time of measuring you need to take into account all factors.

As for the 0.45 - are we measuring it in accordance to that time or are wee looking at the economy in 2007 and comparing it to the economy of last 12 months?

Find me one independent qualified person who thinks economy is going bad.
Accountant
Economist
Lecturer
hell even financial reporter

Just one to back your claim of a bad economy.

The only idiots who say that are Abbott,Hockey & their lackey's.
Are you a lackey?

In what context?

We were discussing the GDP - which is only one of the many indicators

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Dsmithy70

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Posts: 13147
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Re: When in doubt compare Aus to cripples
Reply #39 - May 30^th, 2012 at 11:21am

Maqqa wrote on May 30^th, 2012 at 11:02am:

We were discussing the GDP - which is only one of the many indicators

We've discussed quite a few things throughout the thread.
Unfortunately for you, no matter how you spin it Australia's economy is strong & only getting stronger.
You have almost a bottomless pit of things to kick Labor with(most they deserve) but the economy is not one.

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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Maqqa

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14% - that low?!

Posts: 16000

Re: When in doubt compare Aus to cripples
Reply #40 - May 30^th, 2012 at 1:08pm

Dsmithy70 wrote on May 30^th, 2012 at 11:21am:

Maqqa wrote on May 30^th, 2012 at 11:02am:

We were discussing the GDP - which is only one of the many indicators

We've discussed quite a few things throughout the thread.
Unfortunately for you, no matter how you spin it Australia's economy is strong & only getting stronger.
You have almost a bottomless pit of things to kick Labor with(most they deserve) but the economy is not one.

Actually I posted the links to these figures in response to accusations about GDP

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Bill 14% is not the alcohol content of that wine. It's your poll number

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MOTR

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Re: When in doubt compare Aus to cripples
Reply #41 - May 31^st, 2012 at 6:09am

Maqqa wrote on May 30^th, 2012 at 10:02am:

MOTR wrote on May 30^th, 2012 at 1:15am:

You can measure the GDP of a country in any currency you like, Maqqa. Here's a heads up, we're Australian we tend to measure our national accounts, including GDP, in AUD. Only an idiot would argue that the Australian economy today is smaller than what it was in 2007.

So show me the AUD equivalent!

Maqqa, I don't need to. Our national accounts are measured in AUD, just check the ABS. Since 2007 we have not experienced a single year of negative year on year economic growth. Think about it, Maqqa, if something is growing for 4/5 consecutive years how can it be smaller. Further, if the economy had been stagnating, or as you implied shrinking, since 2007, we'd know about it. Our unemployment rate would be well past double figures for a start.

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Hunt says Coalition accepts IPCC findings

"What does this mean? It means that we need to do practical things that actually reduce emissions."

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