chops_a_must
Printing My Own Money
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Gen Y seems to be getting a great ride as the "cause" of this credit crisis. Especially on here.
Recession etc, are things really that bad?
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Gen Y seems to be getting a great ride as the "cause" of this credit crisis. Especially on here.
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Chops there is the same problem in areas here.
Now some baby boomers have geared themselves into oblivion, I do find it rather amusing those women at the coffee club will die out -anyone for nestle instant?
My friend a GP said there are more job losses than people are aware - across the board in age and career. The shock of mortgage defaults from otherwise people of stability will hit early next year. To assume all will be rosy is a bit naive.
When people have lost much of what they thought was untouchable the road ahead is far more difficult. Getting confidence back, accepting a lower ranked and lower paid job maybe difficult for some.
Don't forget the amount of money Municipalities have lost in this too. Certain counties in the USA are already bankrupt – one in Alabama can’t fix the sewage.
I noticed that the garbage man (8 months ago had 2 helpers) is now on his own to pull the bins out, get them emptied and put them back and he has about 30 streets to do on his own. I always said thank you if I saw him, an unrewarding job and the slightest thank you meant alot. Someone has to do it - be grateful for the utilities we have.
Now some baby boomers have geared themselves into oblivion, I do find it rather amusing those women at the coffee club will die out -anyone for nestle instant?
My friend a GP said there are more job losses than people are aware - across the board in age and career. The shock of mortgage defaults from otherwise people of stability will hit early next year. To assume all will be rosy is a bit naive.
When people have lost much of what they thought was untouchable the road ahead is far more difficult. Getting confidence back, accepting a lower ranked and lower paid job maybe difficult for some.
Don't forget the amount of money Municipalities have lost in this too. Certain counties in the USA are already bankrupt – one in Alabama can’t fix the sewage.
I noticed that the garbage man (8 months ago had 2 helpers) is now on his own to pull the bins out, get them emptied and put them back and he has about 30 streets to do on his own. I always said thank you if I saw him, an unrewarding job and the slightest thank you meant alot. Someone has to do it - be grateful for the utilities we have.
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Which major country leaders are Gen Y? None that I'm aware of.Gen Y seems to be getting a great ride as the "cause" of this credit crisis. Especially on here.
Which major investment banks have a Gen Y as CEO? None that I'm aware of.
Which central banks have a Gen Y in charge? None that I'm aware of.
Few if any of the decisions causing this mess at the global level were made by Gen Y's. Look to Gen X and moreso the Boomers if you want to find the people running the world and making these ruinous decisions.
chops_a_must
Printing My Own Money
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How does that chart show we're not in a recession? I'm no expert on T/A but I don't see it.Recession yet? No, not yet.
Wysiwyg
Everyone wants money
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How does that chart show we're not in a recession? I'm no expert on T/A but I don't see it.
I think it means once a recession is officially announced, the chart will show it.
wayneL
VIVA LA LIBERTAD, CARAJO!
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I would love to see that chart corrected for inflation.Recession yet? No, not yet.
Wax up those surfboards ready for when your jobs gone
Love this quote, but before you go surfing best to get into the swing of visiting you local (Missinglink) sorry that should read Centrelink office and dropping off that fortnightly dole form. Mass unemployement is on its way folks and it will be the key to knock those sqealing high house prices into freefall.
Aussie are obbsessed with housing, and that "shieeeell be right attitude" is going to take a beating very shortly when the guy on the street looses his job, and the nextdoor neighbour and the the other neighbour and so on and so forth.
The local centrelink offices are going to be like poker machines hitting jackpots all day everyday, there will be that much government money being doled out over the 2009-2010 period. Its gonna be a frightening time and I just don't understand why we are refusing to accept that we will not lose our jobs.
WHY OH WHY IS THE AVERAGE AUSSIE SPENDING UP BIG NOW ON THESE PRE/POST XMAS SALES. STOP SPENDING YOU DILLS!
Garpal Gumnut
Ross Island Hotel
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Love this quote, but before you go surfing best to get into the swing of visiting you local (Missinglink) sorry that should read Centrelink office and dropping off that fortnightly dole form. Mass unemployement is on its way folks and it will be the key to knock those sqealing high house prices into freefall.
Aussie are obbsessed with housing, and that "shieeeell be right attitude" is going to take a beating very shortly when the guy on the street looses his job, and the nextdoor neighbour and the the other neighbour and so on and so forth.
The local centrelink offices are going to be like poker machines hitting jackpots all day everyday, there will be that much government money being doled out over the 2009-2010 period. Its gonna be a frightening time and I just don't understand why we are refusing to accept that we will not lose our jobs.
WHY OH WHY IS THE AVERAGE AUSSIE SPENDING UP BIG NOW ON THESE PRE/POST XMAS SALES. STOP SPENDING YOU DILLS!
All the above comments indicate it is the opportunity of a lifetime to make a quid.
When the folk are flooding centrelink and you have a compliant government there is a lot of money floating about, you just need to have a high enough net.
gg
Glen48
Money can't buy Poverty
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Mackay has the highest sales of HSV and High Performance Fords in OZ along with the necessary items of life like Jet ski's etc. once all those jobs go and the miners walk out with massive debt Mackay will be the first to go down hill.
theasxgorilla
Problem solved... next bubble.
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WHY OH WHY IS THE AVERAGE AUSSIE SPENDING UP BIG NOW ON THESE PRE/POST XMAS SALES. STOP SPENDING YOU DILLS!
I just got back from the local mall. It was insane, literally. Democratic consumerism is alive and well up here in the north. Here though, if you are terminated, your "centerlink" payments are based on your exit salary...in most cases folk will receive 80-90% of their exit salary in unemployment benefits. I sense that the mother of all moral hazard case studies just around the corner.
That i would imagine is capped and means tested so unless your on a low income and don't own anything it wont be paid.
But why not spend up on cheap goods, the impact of a weak A$ will come through soon on anything imported and particualy Japanese, also unemployment may go up but its been at record low levels, unless its going to the high 20,s or 30,s then most Aussies still arnt effected in the everyday lives, why this sudden media induced fear
As i said in the opening post "Why is it different this time"
just wondering about the centelink payment, based on your exit salary.....if your exit salary exceeded between 62 pf and about 800pf you may receive some tiny amount...you are allowed to earn 62 pf to receive the full benefit of about 434 pf....after that about 50 cents in the dollar of your income reduces the benefit.....doubt too many people would have an income that low....its more likely much higher....centrelink also takes into account any holiday pay and termination payments..eg redundancy packages.....
so if you received a payout of between 1500 to 5000 say , there is no centrelink benefit....I believe centrelink expects you to support yourself or find another job in the meantime....
I am questioning the statement one would receive 80-90% of the dole....?
I do wonder how people can survive on only 434 pf....anyway....I could not and doubt anyone else could
so if you received a payout of between 1500 to 5000 say , there is no centrelink benefit....I believe centrelink expects you to support yourself or find another job in the meantime....
I am questioning the statement one would receive 80-90% of the dole....?
I do wonder how people can survive on only 434 pf....anyway....I could not and doubt anyone else could
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My mum is a boomer, has 4 properties, probably needs to sell one to pay down debt. Therefore all boomers have too many properties with too much gearing without sufficient income in return.
My son's boomer father-in-law is quite wealthy - about $50Million in RE assets. Around 6 months back he paid $5Million for a mansion on the coast strip north of Scarborough Beach. He reckons it is only worth around $3.75Million now. Cest la vie - it's all relative. For people fortunate enough as him at this point in time, that sort of loss is totally sustainable and means little to him. He is still multi-millions ahead in other properties and developments courtesy of the recent boom in Perth. Though even he now is hoping this "temporary downturn" (as he calls it) will only last a few more months.
Robots would love him - he hates the stock market!
chiz,
aj
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Eh? So, if some executive is sacked and their exit salary was $100,000 P.A. they would get $80-90,000 P.A. unemployment benefit?
Something doesn't sound right there.... If that was true, the whole work-eligible population of Australia would now be unemployed and living in Banana-Bender land!!
err...K Rudd did not give me any money.....it was the grandchildren.who were the recipients...Dear Kincella,
I like your attitude. Though you are frugal, but you are kind hearted and am willing to part your K RUDD $$$ to charities and animal welfare!
way to go!!!!
say hi to your dog..........Does he/she like Inspector Fex, i mean Rex?
I am not eligible for any govt payments...and do not want it anyway....am self funded/ self employed
The dog says Hi to you to...she watches most animals on TV and sometimes barks at the dogs, jumps up to the tv looking for them,,,then looks around the back of the TV...she like the funniest home video shows' animals the best
cheers
