Spot on then Obama will give us a lift at 12:00 noon Jan 20th on Inauguration Day 2009 - then by about 3PM that day everyone weill realise thats not going to work and well... I cant think of anything to look forward to after that except picking up bargains at some point, but of course they're only bargains if they will grow within a reasonable time.
Optimism is an outlook on life such that one maintains a view of the world as a positive place. It is the philosophical opposite of pessimism. Optimists generally believe that people and events are inherently good, so that most situations work out in the end for the best.
?? as in ??
the masses not changing their spending habits. Just wondered if you have some figures or something that's all. It is a little early I thought yet though.
nah m8 my post was in reply to gundini,s query re capitulation of the market, from what im reading and seeing is that ppl still buying , im personally waiting for ppl to throw there hands in the air and give up b4 i start looking at a bottom being found
Interest rates will fall to 3% perhaps 2% by June next year.
It's just lucky we have the room to move.
Savings income will suffer but perhaps the capital will be safer.
ASX down to early 3000's within 6 months.
Commodity boom bust and financial institutions problems means we have nothing to hold it up.
Property will collapse within 12 months perhaps less, commercial and residential will all go
Recovery ..well cant see that far ahead just yet.
And so I advise............
Hah - Mr Burns I really hope you are wrong
but if you are right it will be the end of the world as we know it.
I still dont see it myself, but then again I thought 4000 was the bottom.
Think I will trade the volatility with each way - I dont have the confidence to go long any more
Westpac report spells more economic woes
Australia's projected economic growth pace has suffered the biggest monthly slump since the mid-1980s, which increases the risk of a recession in early 2009, a report shows.
The Westpac - Melbourne Institute index of economic activity, which indicates the likely pace of growth three to nine months into the future, was 1.1 per cent in September, down from 3.5 per cent in August.
Westpac chief economist Bill Evans said the slump in the leading index was the biggest monthly drop since the mid 1980s.
"This is a very disturbing fall in the growth rate of the leading index," he said.
"That represents the largest percentage point fall between two months since the mid-1980s - sharper even than we saw in the 1990/91 recession."
There's no good news on the horizon, interest rate drops do nothing any more, bailouts do nothing any more
What amazes me is that so many people think that governments can do something meaningful to fix the mess we are in. Which only says to me that we still have a long way to fall before this is all over. Less than one year into this so many people are predicting a quick turnaround in the next 6-12 months. This unwinding will take years from the lofty highs of peak debt. Australian consumers won't even begin to feel the pain until property takes a hit, and that hasn't really happened yet.
I predict
Oprah winfrey to be caught under obamas desk within a year
Mr. Burns you are correct except for the rate cut it will be down to 1- 2% by March.
I love your show and your no holes barred way of running the plant and a low carbon footprint.
and as impotent as a Labor Party front bencher.
I predict:
Once I finish my finance degree im going to holding a cardboard sign and dancing like a flamingo for my daily 'hobo' show
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