Normally, share market Declines are followed by a bounce, the Economy also bounces and "normality" returns, all in a fairly quick succession!

But, as I said previously, "this time is different" and the All Ords closed today at 5332, which is a level first achieved in October 2006.

So, for the many who have been told the best strategy is to "Buy & Hold Shares", you should legitimately ask -
WHY HAVE MY SHARES NOT EXPERIENCED ANY GROWTH IN 8 YEARS?

And, given my expectations of a 50-90% Decline coming shortly, I would be saying a little more than simply "What happened to the Recovery"?    

https://au.finance.yahoo.com/echarts?s=^AORD#symbol=^AORD;range=

What have both sides of Politics told you? 
They haven't told you the truth!

There will be no recovery, not for decades.

As a matter of fact...................

Several issues ariuse from reading the early posts.

One is that, as long stated in the Grappler Manifesto - the 'global economy' is a myth and a failed proposition from Day One, since it offshores virtually everything into the hands of offshore cartels with little to no tax and other allegiance to any one country, and thus have a host of evasive moves to avoid tax etc.  At the same time, the offshoring of jobs and resources and the utter lack of infrastructure and genuine investment input into countries via infrastructure that counts, is destroying every country in the world for the benefit of a few.

We are ALL 'Third World' under this regime of non-responsible and non-responsive vultures.

This is the Land of The Robber Barons writ large and anew.

Secondly, a comparison of Australia in terms with GDP/debt, with other and much more populous countries with an entirely different infrastructure setup, is hazardous. For example, our genuine manufacturing, unlike say Germany's, is miniscule, and thus our fabled (Julia Gillard - 'Asian will become consumers of high quality finished goods' - inferring that somehow we will feed that market    - a laughable proposition that many fell for and purest rhetoric) 'production' is limited almost entirely to resources - thus making of us not a First World country, but a Third World one (with the beggars some of the scenery).

Ergo simple comparisons on the basis of Debt/GDP are fraught with peril and a finer analysis is needed.  (just saying - not criticising).

Further, when far too much of 'GDP' ends up in the hands of a few individuals and organisations (including government with its voracious appetite for more and more taxes while playing Oliver Twist in Armani), and there is not a reasonably even spread of incomes across the community, the economy this GDP feeds is wrongly based, and rather than becoming a national vehicle for any potential recovery, has become instead an enrichment process for the few 'insiders' (again), a bandwagon onto which our politicians, rather than serving the people, leap with gay abandon and almost in entirety.

It is no great secret that government pork-barreling exercises from BOTH sides of the Tag Team that involve BILLIONS, such as childcare, privatisation and so forth... draw the families and friends of politicians like blowflies to a fat barbecue, a form of the most insidious corruption in history and absolutely in line with the worst excesses of many failed past government styles, including Nazism, Marcosism, and every other essentially Peasant in Armani government in history.

Probably plenty of other comment... but I'm running out of breath and I'm cooking up nectarine jam.... fruit split from too much rain this year.

As an aside - one of my biggest beefs with La Gillard was that inane comment -

"Asians will become consumers of high quality finished products!"

- phrased and clearly intended to put across to we peons the idea that we will ride the crest of some wave of high-tech and high quality export to Asia... nothing could be and indeed was further from the truth.

That one stands head  and shoulders above even the ridiculous 'misogyny' campaign, which may have impressed little girlies in wool hats at Malbun and Syd-eney universities etc - but did not one thing of value for this country and those totally uninterested in the evils, inanity, insanity, posturing, trumped-up issues, favouritism/preference, discrimination, and rhetoric of 'feminism'.

Pantheon wrote on Jan 16^th, 2015 at 12:52pm:


And, the reason for the GFC, in your opinion, was?

That's not quite correct, we actually have a much higher Global Debt now, than was the case in 2007!

And, although the OZ Debt is no where near as high as many other countries & well within usually manageable proportions, on this occasion things are different & situations will change quickly from Good, to Bad & finally ugly!

It should also be born in mind, that we are all now, highly interconnected!
   

This thread is little more than a collection of desperately depressed people in need of more medication.  We have Prozac-now who believes in peak oil and that every country is in recession - despite the evidence to the contrary.  And there is pansi, multiple-voter and wannabe arsonist who has been predicting doom and gloom for 15 years now and been wrong every single time.

say no more.  When these two losers predict the end of the world we can know for sure that 2015 will be a good year.

Pantheon wrote on Jan 16^th, 2015 at 1:18pm:



I have been saying for many years now, if we do one thing, it must be agriculture on a massive scale. There's no reason why both states and federal governments can't get some serious crop farming under way, on a huge scale. Once govt. sponsored farms are seen to be successful, private companies will buy into it and in no time we will have a flourishing new industry.

We all know food security is at risk, we could be the ones to feed a big part of the world or even just the Asian region would be enough....for starters.