Global financial crisis - what does it mean to you

[Marc.com]

Gee Dave you musta had a bad day . Just be thankful you ain't a Yank .

don't think for a second Australia has dodged the bullet, just needs time for the ripples to cross the pond.

Australia leads the world in household debt as a % of household income, with NZ a close second, What will stop both countries stone dead is any increase in borrowing costs...... hmmm maybe there is a reason interest rates have never been historically this low  ..... what is happening is the Govt is buying an inflationary cycle.

[mx250]

Gee Dave you musta had a bad day . Just be thankful you ain't a Yank .

don't think for a second Australia has dodged the bullet, just needs time for the ripples to cross the pond.

Australia leads the world in household debt as a % of household income, with NZ a close second, What will stop both countries stone dead is any increase in borrowing costs...... hmmm maybe there is a reason interest rates have never been historically this low  ..... what is happening is the Govt is buying an inflationary cycle.

That's not what I was implying - if you become unemployed you will get some unemployment benefits, you won't be homeless in a tent.

(And I think the effects these days move faster than a ripple on water. If the ripple hasn't reached Oz it is more likely that it has been meet and countered by positives out of China.)

[Marc.com]

(And I think the effects these days move faster than a ripple on water. If the ripple hasn't reached Oz it is more likely that it has been meet and countered by positives out of China.)

these are the same Chinese that are presently demanding 40% off Iron Ore this week, the old resource ripple is based around forward buy contracts.

But there is one resource that does have an upside and that is Gold. But who knows, I have 3 friends with Doctorates in this subject and they can't call it either.

[worms]

instead of the handout we should of all recieved shares in Rio Tinto and we would have doubled our money allready, but Rudd goes for the easy fix and stuff's it up, just imagine every Australian having shares in Rio and recieving dividends yearly which would probally match the one of payments , and not lose it to foriegn investment. now that would be doing something for the people.

Cheers Trev

[Marc.com]

just imagine every Australian having shares in Rio and recieving dividends yearly
Cheers Trev

You are close Trev, just substitute 'Chinese Government' for Australian 

[VMX247]

Is there really a Global financial crisis ?
Just been offered a job at ............... as Electrical Superintendent for .................
$180,00 a year plus house and car.

No VMX up north  (suppose could start another club  )
cheers Alison

$ 18000 , thats not bad

Your so clever Wasp...

[Rossvickicampbell]

Allison - wouldn't happen to be a place that digs nice shiny things out of the ground that ladies love would it?  If so think twice!!

cheers

Rossco

[VMX247]

Allison - wouldn't happen to be a place that digs nice shiny things out of the ground that ladies love would it?  If so think twice!!
cheers
Rossco

no! its what ya shed beams are made out of. and its not a tree      
cheers

[VMX247]

Dubi is having a bit of a shudder on the market today    something had to give in a world gone mad.
Fosters is the leader in the market today - shares up 
cheers

[Marc.com]

Dubai is having to find a rather large amount of money in a short period of time.... much the same as loosing your job when you owe 300 grand on your house.

[VMX247]

Dubai is having to find a rather large amount of money in a short period of time.... much the same as loosing your job when you owe 300 grand on your house.

True very true,just bigger houses.

[mx250]

"The government of Dubai declared yesterday it would ask to postpone debt repayments for its flagship corporate Dubai World (right). The intention is to ask for at least a six-month delay in repayments.

Media reports say Standard & Poor’s has stated the event "may be considered a default under our default criteria". Dubai reportedly has debts of more than $US80 billion, of which $US50 billion is due to mature in the next three years, and Dubai World has a $US3.5 billion bond due to mature next month.

Already commentators have been quick to point out that Dubai’s debt servicing problems are not a genuine surprise. It was merely a case of "when" not "if"."

I'm no expert on Dubai's economy but the basis of their wealth is Oil, and that's pretty secure in the immediate feature. The Economic Boom they have recently being having is a Bubble Economy based on borrowing, credit, greed, speculation, land development, salesmanship, B.S and escalating land values. Pretty much the same economic model the US and The West have being using (and scrambling to get back to ). That is not sustainable.

Dubai will only impact on the rest of us if there is another World Wide crisis in confidence. We will feel it but it will be a hic cup or burp not an almighty chunder .

[Marc.com]

Unless you are one of Dubai's creditors, or happen to own property there, they are  expecting 80% depreciation in house prices over 2 years. Never assume bubbles last forever....never hapened yet.

[VMX247]

And its all been to court before with these credit mobs giving credit away freely.
I come back to my original beliefs " if people are gullible enough"     

[TeeBone]

no! its what ya shed beams are made out of. and its not a tree      
cheers

Not with the three letters  B H & P??? If so, be VERY afraid of taking any work there as a "Leccy" supervisor!