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**ssyyyrruho** · 03-05-2009, 12:18 AM

Honesty, Oz is the best place to be now. RBA is not slashing rates in the next few months as economic data shows there's strong inflow investment, rising home sales even with the weak export demand and more job losses.

In 6 months, you will find out that Australia will be in the same shit.
The latest set of figures don't look good at all.
Manufacturing down in recessionary numbers, Unemployment in the coming months will mean more property foreclosures.
Rudd has given warning. The Aus Financial Review show the Aus housing bubble 2x that of America.

But count our lucky stars that Aussies have compulsary savings, our banks are more disciplined, we have a small population and the govt can play with expansionary economics.

03-05-2009, 12:18 AM	#4
ssyyyrruho Join Date Nov 2005 Posts 341 Senior Member	Honesty, Oz is the best place to be now. RBA is not slashing rates in the next few months as economic data shows there's strong inflow investment, rising home sales even with the weak export demand and more job losses. In 6 months, you will find out that Australia will be in the same shit. The latest set of figures don't look good at all. Manufacturing down in recessionary numbers, Unemployment in the coming months will mean more property foreclosures. Rudd has given warning. The Aus Financial Review show the Aus housing bubble 2x that of America. But count our lucky stars that Aussies have compulsary savings, our banks are more disciplined, we have a small population and the govt can play with expansionary economics.
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