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When in doubt compare Aus to cripples (Read 1287 times)
Maqqa
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When in doubt compare Aus to cripples
May 28th, 2012 at 6:23pm
 
http://au.news.yahoo.com/thewest/a/-/national/13800505/swan-lauds-another-upbeat...

Federal Treasurer Wayne Swan has lauded an analysis of Australia's financial standing by one of the nation's major banks, saying it highlights the economy's "standout performance".

A report by Westpac found that Australia is in a much more robust financial position than the rest of the developed world, giving it a greater ability to weather the storms to come.

It also says that the strong fiscal position relative to the rest of the world means that Australia's financing will be very limited compared to nations of the north Atlantic, the Mediterranean and Japan.

"In an era of deteriorating credit quality, the formidable strength of Australian government securities should see them remain a very attractive investment proposition amongst global investors," Westpac economist Allot Clarke says.

"If, as we suspect, the European economy deteriorates further, then this will become all the more relevant."

Mr Swan said reports confirming Australia's standout performance are becoming a daily event.

"While there are parts of our patchwork economy facing pressures, our fundamentals remain strong, with our economy forecast to grow more strongly than every major advanced economy over the next two years," Mr Swan said.

Last week the Organisation for Economic Cooperation and Development (OECD) gave Australia an upbeat appraisal, forecasting economic growth over the next two years to be ahead of the 34-member OECD bloc as a whole.

Government agency, the Bureau of Resources and Energy Economics (BREE), also found committed investment in the mining sector stood at a record $260.8 billion in April.

"Despite the Liberals' determination to talk our economy down at every turn and try to undermine confidence, the facts of our standout economic performance speak for themselves," Mr Swan said.
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23 Nov 2007 Kevin Rudd said
"You'd turn them back," he said of boats approaching Australia
 
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Maqqa
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Re: When in doubt compare Aus to cripples
Reply #1 - May 28th, 2012 at 6:25pm
 
One of the favorite tricks of a bride is to choose really ugly bridesmaids so she can look good on the day

Looks like Swan is doing the same thing. To make himself look good he compares himself to cripples.

If you want to know how well we are doing - the current GDP is still way below what it was when Swan came in.
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23 Nov 2007 Kevin Rudd said
"You'd turn them back," he said of boats approaching Australia
 
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cods
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Re: When in doubt compare Aus to cripples
Reply #2 - May 28th, 2012 at 9:24pm
 
well I guess we look good until China feels the real pain of the melt down in Europe..

I would imagine the outpouring of cheap goods from China has already started to slow down.. which means their buying power will also slow down..

we are winging it on the mining industry   

you know the ones??the ones gillard is now wooing..


Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin
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MOTR
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Re: When in doubt compare Aus to cripples
Reply #3 - May 29th, 2012 at 4:23am
 
Maqqa wrote on May 28th, 2012 at 6:25pm:
One of the favorite tricks of a bride is to choose really ugly bridesmaids so she can look good on the day

Looks like Swan is doing the same thing. To make himself look good he compares himself to cripples.

If you want to know how well we are doing - the current GDP is still way below what it was when Swan came in.


What are you talking about Maqqa, Real GDP growth has been positive since 2007. If you live in talkback world you might not think so, but our economy is still growing and growing fast enough to keep unemployment in check.
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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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Dnarever
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Re: When in doubt compare Aus to cripples
Reply #4 - May 29th, 2012 at 9:30am
 
Maqqa wrote on May 28th, 2012 at 6:25pm:
One of the favorite tricks of a bride is to choose really ugly bridesmaids so she can look good on the day

Looks like Swan is doing the same thing. To make himself look good he compares himself to cripples.

If you want to know how well we are doing - the current GDP is still way below what it was when Swan came in.



Quote:
more robust financial position than
the rest of the developed world
,


The rest of the developed world - all ugly bridesmaids accoding to Macca.

Quote:
Australia's financing will be very limited compared to
nations of the north Atlantic
, the
Mediterranean
and
Japan
.

Now there is some ugly bridesmaides.

Quote:
formidable strength of Australian government securities should see them remain a very attractive investment proposition
amongst global investors
,


All Global investors?

Quote:
If, as we suspect, the European economy deteriorates further


Quote:
(OECD) gave Australia an upbeat appraisal, forecasting economic growth over the next two years to be ahead of the 34-member OECD bloc as a whole.


This does not fit the bridesmaid example - this is clearly saying better than the best.

If you want to know how well we are doing - the current GDP is still way below what it was when Swan came in

This may not be the silliest comment you have made.
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"Operation secret boarders" Some good old red neck Totalitarian policy.
 
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Maqqa
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Re: When in doubt compare Aus to cripples
Reply #5 - May 29th, 2012 at 9:55am
 
The rest of the developed world - lets see - is Spain, Greece, Ireland, Portugal

Its an attractive investment because are interest rates are higher than everyone else. The other countries had to lower their rates because they were infected by the bad loans
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23 Nov 2007 Kevin Rudd said
"You'd turn them back," he said of boats approaching Australia
 
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cods
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Re: When in doubt compare Aus to cripples
Reply #6 - May 29th, 2012 at 10:02am
 
Maqqa wrote on May 29th, 2012 at 9:55am:
The rest of the developed world - lets see - is Spain, Greece, Ireland, Portugal

Its an attractive investment because are interest rates are higher than everyone else. The other countries had to lower their rates because they were infected by the bad loans




if we are doing SO WELL.. why is our govt in disarray??

they should be sitting on top of the world so to speak..

. I would really like to have an honest answer from a rusted on to be honest..

they keep telling us about these FIGURES.. and reminding us what a great treasurer we have..


so great he has never ONCE been nominated as a PM....huh!

at least Costello was always expected to take over..hahahaha..

it doesnt make logical sense to me
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buzzanddidj
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Re: When in doubt compare Aus to cripples
Reply #7 - May 29th, 2012 at 10:06am
 





The Abbott camp appear to have ( ... quite sensibly) given up trying to bring down the Government's economic record


The main focus is, now, on the more
"titillating, tabloid"
tales of
prostitutes
,
Craig Thomson
- and the
Pyne/Ashby
( ... so called)
"SlipperGate"
Affair







buzzanddidj wrote on May 23rd, 2012 at 1:46pm:
AUSTRALIA - you're
STILL
"the TOP" !

May 23, 2012


The Organisation for Economic Co-operation and Development (OECD) says the Australian economy is expected to grow at a faster rate than most other advanced economies in 2012 and 2013.

It predicts that Australia's economy will grow at 3.1 per cent in 2012 and 3.7 per cent in 2013, and welcomes the Federal Government's commitment to delivering a budget surplus.


But the organisation warns that the crisis in the eurozone poses the single largest risk to the global economy.

The organisation has endorsed the Government's plan to boost its cash reserves while the economy is strong and demand for resource exports is still high, and says lowering interest rates will help offset any negative impact of budget tightening.

In the budget handed down earlier this month, the Federal Government forecast growth of about 3.25 per cent slowing to 3 per cent.

Federal Treasurer Wayne Swan says the report confirms yet again that
Australia is the stand-out performer on the global stage.


"It's consistent with the fact that we have got
solid growth
,
long unemployment
,
contained inflation
,
strong public finances
and a
record pipeline of business investment
in resources," he said.

"I think it is good news. I mean, Australia has a triple-A credit rating from the three major credit rating agencies"



Global implications

The report warns that a failure to act immediately could lead to a worsening European crisis with serious global consequences.

In November, the OECD warned if the eurozone did not tackle its debt crisis, there could be a deep recession with global implications.

Six months on, the organisation says these immediate dangers have receded somewhat, but have not disappeared.

The OECD predicts
the eurozone's economy will shrink by 0.1 per cent this year.


By contrast,
the US economy will expand by 2.4 per cent.

The OECD also expects
eurozone unemployment to stay high, at 10.8 per cent this year.



http://au.news.yahoo.com/nsw/latest/a/-/article/13756178/oecd-issues-stark-euroz...







Aussies better off than ever

May 02, 2012



MANY families may be struggling to make ends meet but a new report says
we are much better off than in previous decades.


The latest AMP.NATSEM Income and Wealth Report shows Australian household income is outpacing the cost of living over the longer term, with disposable incomes increasing 20 per cent over the last 27 years.

It says the average family is better off by $224 per week in real terms
.

But the report points out that since 1984 the cost of living has skyrocketed with everyday essentials such as electricity (up 253 per cent), petrol (208 per cent) and public transport costs (287 per cent) all soaring.

But those rises have been partially offset by dramatic drops in audio visual and computing, which now cost one tenth what they did in 1984, while average prices for clothing, footwear and major household appliances have changed little, and are often lower today than 27 years ago.

AMP Financial Services managing director Craig Meller said the report shows households today are more focused on lifestyles and aspirations than they were in the 80s.

"Many Australians are leading busier lives and facing greater demands on their time, which means we're now paying for things we may not have previously, such as childcare, gardening and housekeeping," Mr Meller said.

"We've also seen a noticeable shift in spending habits with people
spending more on education, holidays and eating out
.


"Essentially we seem to be leading bigger lifestyles, all of which can add to
perceived cost of living pressures
"


The report says incomes have outpaced the cost of living across the board since 1984 and couples with children have seen their income grow by 37 per cent, single parent incomes have grown 34 per cent, and working families 22 per cent.

Expenses for secondary students have grown by 264 per cent, mostly attributed to higher private school fees.

Maintaining good health has not come cheap either - medical, dental and insurance costs have increased at even greater rates, jumping 560 per cent, 356 per cent and 346 per cent respectively.

And if think petrol prices are outrageous, think again because we are amongst the lowest in the developed world.
Only Canada, the United States and Mexico have cheaper petrol prices.

Australia's average unleaded petrol price of around $1.40 per litre is significantly cheaper than most European countries where petrol can cost more than $2 per litre.


Unsurprisingly, Sydney is the most expensive city in Australia, and Adelaide is the cheapest.



http://www.news.com.au/business/aussies-better-off-than-ever/story-fn7mjon9-1226...







Not that you'd KNOW just how WELL we're faring - listening to all the
depressing, ungrateful "what about me"  ( ... Hello Andrei !) DOOMSAYERS
that haunt these such forums













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« Last Edit: May 29th, 2012 at 10:12am by buzzanddidj »  

'I like your Christ, I do not like your Christians.
Your Christians are so unlike your Christ.'


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Maqqa
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Re: When in doubt compare Aus to cripples
Reply #8 - May 29th, 2012 at 10:11am
 
Read the title of this thread buzz
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23 Nov 2007 Kevin Rudd said
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Dnarever
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Re: When in doubt compare Aus to cripples
Reply #9 - May 29th, 2012 at 10:26am
 
When in doubt compare Aus to cripples

Full of brown floaties.

Kicking own goals and do not even know it.

As usual the story does the exact opposite to supporting either the title or the calim.
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"Operation secret boarders" Some good old red neck Totalitarian policy.
 
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Dsmithy70
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Re: When in doubt compare Aus to cripples
Reply #10 - May 29th, 2012 at 10:28am
 

How would the Howard years compare to China Maqqa?
After all that's what you want to use as a benchmark now.
Haven't they had double digit growth for a decade or more?
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That's it! You people have stood in my way long enough. I'm going to clown college!
 
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Maqqa
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Re: When in doubt compare Aus to cripples
Reply #11 - May 29th, 2012 at 10:35am
 
Dsmithy70 wrote on May 29th, 2012 at 10:28am:
How would the Howard years compare to China Maqqa?
After all that's what you want to use as a benchmark now.
Haven't they had double digit growth for a decade or more?



Compared to China? Are you kidding?

The Chinese economy cannot be compared to the Australian economy in terms of growth. This is the whole argument that China presented when it argued against Kyoto.

A developing economy grow at a different rate than a developed economy.

Developing economy can sustain double digit growth whereas a a country like Australia would soon crash if it grew at anywhere about 5%.

With a population of 1.3Billion - growth will continue in double digits for a long time. It's been growing this way for 20 years now and will continue for at least another 20
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23 Nov 2007 Kevin Rudd said
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Dsmithy70
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Re: When in doubt compare Aus to cripples
Reply #12 - May 29th, 2012 at 10:51am
 
Maqqa wrote on May 29th, 2012 at 10:35am:
Dsmithy70 wrote on May 29th, 2012 at 10:28am:
How would the Howard years compare to China Maqqa?
After all that's what you want to use as a benchmark now.
Haven't they had double digit growth for a decade or more?



Compared to China? Are you kidding?

The Chinese economy cannot be compared to the Australian economy in terms of growth. This is the whole argument that China presented when it argued against Kyoto.

A developing economy grow at a different rate than a developed economy.

Developing economy can sustain double digit growth whereas a a country like Australia would soon crash if it grew at anywhere about 5%.

With a population of 1.3Billion - growth will continue in double digits for a long time. It's been growing this way for 20 years now and will continue for at least another 20


So we can't compare our economy to other developed nations because apparently now that their in the toilet it distorts the truth in your eyes.

We cant use emerging economies because then it would taint the Howard/Costello legacy.

So what do you wish to compare our economy too?

Scandinavian Countries, probably best to stay away from them as they have mining taxes + high individual tax rates(socialist bastards) & have done so for decades , yet Tony wishes to scrap ours.

Arabic Countries, Theocracies & Kingdoms that hand millions in oil wealth to every individual yearly.
Not really a fair comparison for a democracy.

So who?
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That's it! You people have stood in my way long enough. I'm going to clown college!
 
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Re: When in doubt compare Aus to cripples
Reply #13 - May 29th, 2012 at 10:56am
 
Dsmithy70 wrote on May 29th, 2012 at 10:51am:
So we can't compare our economy to other developed nations because apparently now that their in the toilet it distorts the truth in your eyes.

We cant use emerging economies because then it would taint the Howard/Costello legacy.

So what do you wish to compare our economy too?

Scandinavian Countries, probably best to stay away from them as they have mining taxes + high individual tax rates(socialist bastards) & have done so for decades , yet Tony wishes to scrap ours.

Arabic Countries, Theocracies & Kingdoms that hand millions in oil wealth to every individual yearly.
Not really a fair comparison for a democracy.

So who?


Couldn't have said it better myself.

Come on Maqqa, which economies should we be comparing ourselves to?
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bobbythefap1
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Re: When in doubt compare Aus to cripples
Reply #14 - May 29th, 2012 at 10:57am
 
NBNMyths wrote on May 29th, 2012 at 10:56am:
Dsmithy70 wrote on May 29th, 2012 at 10:51am:
So we can't compare our economy to other developed nations because apparently now that their in the toilet it distorts the truth in your eyes.

We cant use emerging economies because then it would taint the Howard/Costello legacy.

So what do you wish to compare our economy too?

Scandinavian Countries, probably best to stay away from them as they have mining taxes + high individual tax rates(socialist bastards) & have done so for decades , yet Tony wishes to scrap ours.

Arabic Countries, Theocracies & Kingdoms that hand millions in oil wealth to every individual yearly.
Not really a fair comparison for a democracy.

So who?


Couldn't have said it better myself.

Come on Maqqa, which economies should we be comparing ourselves to?
A world economy is only as strong as its weakest part.
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A day without sunshine is like night.
 
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