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#76 2017-02-04 22:25:14

radiobirdman
Silver Stacker
Registered: 2011-04-25
Posts: 2,300
Trades :   59 

Re: Australia - 25 years without recession

House wrote:
radiobirdman wrote:

Any c$ntry that's in debt up to its eyeballs shouldn't go on about "25 years" without a recession

Depends on how high your eyeballs are. Is there a country that isn't in debt?! We're #14 for external debt.

There was a few short years ago, we are a pissant little c$ntry with a huge public debt, that was and is totally unnecessary

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#77 2017-02-04 22:27:18

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
Website

Re: Australia - 25 years without recession

radiobirdman wrote:
House wrote:
radiobirdman wrote:

Any c$ntry that's in debt up to its eyeballs shouldn't go on about "25 years" without a recession

Depends on how high your eyeballs are. Is there a country that isn't in debt?! We're #14 for external debt.

There was a few short years ago, we are a pissant little c$ntry with a huge public debt, that was and is totally unnecessary

And who's fault is that....?


Catus amat piscem, sed non vult tingere plantas

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#78 2017-02-04 22:31:11

radiobirdman
Silver Stacker
Registered: 2011-04-25
Posts: 2,300
Trades :   59 

Re: Australia - 25 years without recession

SpacePete wrote:
radiobirdman wrote:
House wrote:

Depends on how high your eyeballs are. Is there a country that isn't in debt?! We're #14 for external debt.

There was a few short years ago, we are a pissant little c$ntry with a huge public debt, that was and is totally unnecessary

And who's fault is that....?

Not mine , I don't vote

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#79 2017-02-04 22:32:49

Ipv6Ready
Silver Stacker
From: North Sydney
Registered: 2016-01-08
Posts: 2,261
Trades :   39 

Re: Australia - 25 years without recession

radiobirdman wrote:
SpacePete wrote:
radiobirdman wrote:

There was a few short years ago, we are a pissant little c$ntry with a huge public debt, that was and is totally unnecessary

And who's fault is that....?

Not mine , I don't vote


Will your life be any better when Australia goes into recession?


WTB 4 to 6 grams of pure gold. Don't care if it is coin, bar or granules. Near spot, suits anyone who has been tempted to open a certicard or just have some granules to make a ring

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#80 2017-02-04 22:36:36

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
Website

Re: Australia - 25 years without recession

Ipv6Ready wrote:
radiobirdman wrote:
SpacePete wrote:

And who's fault is that....?

Not mine , I don't vote


Will your life be any better when Australia goes into recession?

Would an opportunity to be sanctimoniously smug count as better? He'd have that at least.


Catus amat piscem, sed non vult tingere plantas

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#81 2017-02-04 22:43:59

radiobirdman
Silver Stacker
Registered: 2011-04-25
Posts: 2,300
Trades :   59 

Re: Australia - 25 years without recession

SpacePete wrote:
Ipv6Ready wrote:
radiobirdman wrote:

Not mine , I don't vote


Will your life be any better when Australia goes into recession?

Would an opportunity to be sanctimoniously smug count as better? He'd have that at least.

turtle I've got it all wrong DEBT is good,
By the way its the fault of the LABOUR party

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#82 2017-02-04 22:45:49

bordsilver
Silver Stacker
From: The rocks
Registered: 2012-05-23
Posts: 9,610
Trades :   36 

Re: Australia - 25 years without recession

radiobirdman wrote:
SpacePete wrote:
Ipv6Ready wrote:

Will your life be any better when Australia goes into recession?

Would an opportunity to be sanctimoniously smug count as better? He'd have that at least.

turtle I've got it all wrong DEBT is good,
By the way its the fault of the LABOUR party

Or possibly the "Labor" Party (because, as Eddie Obeid used to say, U aren't in OUR party). tongue


The only good tax is a repealed tax.

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The following 2 users say thank you for this post: SpacePete, House

#83 2017-02-04 22:47:01

radiobirdman
Silver Stacker
Registered: 2011-04-25
Posts: 2,300
Trades :   59 

Re: Australia - 25 years without recession

Was using their original name

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#84 2017-02-04 22:52:53

willrocks
Silver Stacker
From: Yesterday
Registered: 2012-05-10
Posts: 7,635
Trades :   29 

Re: Australia - 25 years without recession

Ipv6Ready wrote:

Will your life be any better when Australia goes into recession?

Every Australian's life will be at least a little worse in a recession.

I'd rather go into a recession expecting it. At least I could prepare.


"You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand

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#85 2017-02-04 22:56:57

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
Website

Re: Australia - 25 years without recession

radiobirdman wrote:

By the way its the fault of the LABOUR party

Are you a smoker?


Catus amat piscem, sed non vult tingere plantas

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#86 2017-02-04 23:00:21

radiobirdman
Silver Stacker
Registered: 2011-04-25
Posts: 2,300
Trades :   59 

Re: Australia - 25 years without recession

SpacePete wrote:
radiobirdman wrote:

By the way its the fault of the LABOUR party

Are you a smoker?

Are you smartarse?

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#87 2017-02-04 23:06:33

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
Website

Re: Australia - 25 years without recession

Sound's like a "yes" lol


Catus amat piscem, sed non vult tingere plantas

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#88 2017-02-04 23:06:56

SpacePete
Silver Stacker
Registered: 2014-03-01
Posts: 13,437
Trades :   122 
Website

Re: Australia - 25 years without recession

radiobirdman wrote:

Was using their original name

That's very zen of you.


Catus amat piscem, sed non vult tingere plantas

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#89 2017-03-02 04:37:48

House
Moderator/ Legend
From: Stack City
Registered: 2012-04-30
Posts: 9,643
Trades :   232 

Re: Australia - 25 years without recession

Barreling along towards that world record wink

After surprising to the downside just a quarter before, the Australian economy astonished yet again in the final three months of 2016, growing by a brisk 1.1%.

That was higher than even the most optimistic economist forecast offered to Thomson Reuters, and left the year-on-year growth rate at 2.4%, well above the 2% level expected.

In nominal terms, adjusted for price movements in the quarter, the news was even better with GDP expanding by 3.0%, the largest increase since June 2010.

That left the increase on the same quarter in 2015 at 6.1%, the fastest increase since the September quarter 2011.

Whether in real or nominal terms, it was a strong quarterly performance, and a pleasing outcome following the shock 0.5% real GDP contraction seen just three months earlier.

BInsider


WBI- 41.16

"There's no point in paying a mortgage on an asset that is going to fall by 40 per cent or so in the next few years". Steve Keen, 2008.
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