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#1 2010-03-09 20:54:41
- Clawhammer
- Silver Stacker ++
- From: Brisvegas
- Registered: 2010-02-26
- Posts: 1056
Job Ads & Business Confidence up 19%
Saw these (above) stats on the ABC TV news tonite (it's about the only news coverage I trust these days).
Even Alan Kholer exclaimed it was unusal given what was happening in the US, Europe, China, Greece... 
I'm not sure why everyone in Aust. seems to be ignoring what's going on around the world. It's like nothing's wrong, back to the old games. Don't get me wrong, best of luck to anyone that wants to expand their business and hire extra staff, ...But !
It happened with the stimulus payments. People got into trouble buying consumer products on their credit card. They were given a chance to get out of trouble and what did they do? Answer; paid off credit cards and bought consumer products. To prove a point, the ASX has been up for it's 9th day straight today (even if only by 2%) and gold/silver is, well, volatile. But the growth stocks have been in the same old char, with the same old risks...it's like everyone has collective amnesia!
Maybe I've just been bearish for too long.
Last edited by Clawhammer (2010-03-09 20:57:29)
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#2 2010-03-10 10:17:37
- boston
- Silver Stacker
- From: Melbourne, Australia
- Registered: 2009-07-07
- Posts: 357
Re: Job Ads & Business Confidence up 19%
Clawhammer wrote:
Saw these (above) stats on the ABC TV news tonite (it's about the only news coverage I trust these days).
Even Alan Kholer exclaimed it was unusal given what was happening in the US, Europe, China, Greece...
I'm not sure why everyone in Aust. seems to be ignoring what's going on around the world. It's like nothing's wrong, back to the old games. Don't get me wrong, best of luck to anyone that wants to expand their business and hire extra staff, ...But !
It happened with the stimulus payments. People got into trouble buying consumer products on their credit card. They were given a chance to get out of trouble and what did they do? Answer; paid off credit cards and bought consumer products. To prove a point, the ASX has been up for it's 9th day straight today (even if only by 2%) and gold/silver is, well, volatile. But the growth stocks have been in the same old char, with the same old risks...it's like everyone has collective amnesia!
Maybe I've just been bearish for too long.
Your thinking is correct, and I have been divesting myself of surplus assets and goods of all class types for sometime now. When the reality of the situation hits home, there are going to be many who will be in a state of shock.
A good rule of thumb that resonates with me is "If everone goes one way, always go the opposite way as it is the correct way."
The greatest threat to any country's government, is when it's citizens realise that paying tax is not mandatory.
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#3 2010-03-10 11:20:54
- chimpanchu
- Silver Stacker
- Registered: 2009-08-07
- Posts: 350
Re: Job Ads & Business Confidence up 19%
Right before great depression hit 1929, stock market went up significantly. Everyone was crazy buying stocks left right and centre not knowing that the rise of shares due to manipulation by wall street bankers to entice people to buy more shares. Sure enough the stock market crash soon after, people lost their money, massive sell out of stocks, the same bankers who crash the market came back and bought up every shares on the floor for penny on the dollar. When the dust settled the bankers owned massively more than before.
"Politicians are like diapers, they need to be changed often."
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#4 2010-03-10 12:09:48
- numismatation
- Silver Stacker +
- Registered: 2009-07-13
- Posts: 745
Re: Job Ads & Business Confidence up 19%
MSM TV is an amusement show to keep us all entertained. If more people understood this, their propaganda would not work. I wouldn't call anything on MSM "scientific" or "Factual"
IRJB - FyourcouchN
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#5 2010-03-10 14:19:56
Re: Job Ads & Business Confidence up 19%
If the Australian market wants to stay delusional and euphoric I say let them - it just means we can continue to buy metals cheaply in the meantime!
Who is John Galt?
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