The Recession of 2019/2020...

[sptrawler]

That makes me laugh, a new car cost a couple of years wages, so did a full stack programmer, 10 years experience, today, you can buy the same experience for 2 months wages in AUD overseas.
Hence my statement, we live in a society that throws things away that are still of some value.
This includes myself, I no longer employee Australians, as I can get 5 new engines, back end and front end developers for the cost of one engine (developer in Aus), times change and we all need to understand the changes and change with them.
Ie, i miss the time I got milk delivered to my door

Yes it is really funny, a mate of mine bought the first cd player a Phillips, back in the 1980's.
It cost $1,400 from memory, we all nearly passed out when he told us, it was half the price of a good car. lol
I'm sure he still has it in the wardrobe, with his flares.

 

[luutzu]

Like we said earlier, cars are now just a consumable, their relative cost to wages has reduced to the point they are nearly throw away.
A bit like T.V's years ago, you would take it in to the t.v repair shop, now put it out the front for the junk collection.
Getting back to cars, years ago we would pull the motor out strip it rebuild it, now you would struggle to find a shop that could re bore the block.

My dad still has a Sony double cassette player that hasn't worked for about 15 years now. Maybe even 20.

He spent a lot of money on it and will, one day, fix it himself 'cause there's no way in heck he's going to throw out anything that cost that much.

 

[jbocker]

I just got rid of a car that DOUBLED in Value every two weeks, ..when I filled it up at the servo.

 

[SirRumpole]

That makes me laugh, a new car cost a couple of years wages, so did a full stack programmer, 10 years experience, today, you can buy the same experience for 2 months wages in AUD overseas.
Hence my statement, we live in a society that throws things away that are still of some value.
This includes myself, I no longer employee Australians, as I can get 5 new engines, back end and front end developers for the cost of one engine (developer in Aus), times change and we all need to understand the changes and change with them.
Ie, i miss the time I got milk delivered to my door

I thought you had gone.

 

[mcgrath111]

The economy is 'booming', yet the RBA hasn't changed the cash rate for 27 months?!

 

[luutzu]

The economy is 'booming', yet the RBA hasn't changed the cash rate for 27 months?!

They don't want the other kind of boom. Central banks overseas are pushing rates up anyway. Combine the local banks passing that cost on with the RBA's eventual rate hike and we're in for some fireworks.

 

[jesser]

>The Recession of 2019/2020...

YAPOD - Yet Another Prediction Of Doom.

As I wrote last time this came up...

"Every year there are people, groups and governments predicting this year will see the big crash. Some years it gets a little noisier.

For example, in 2016, Robert Kiyosaki (of "Rich Dad" fame) was adamant of the big crash. He had all these great reasons. It never happened, of course. In 2017, he still said it was going to happen. It didn't.

https://www.marketwatch.com/story/r...lapse-he-foresaw-in-2002-is-coming-2016-03-23
https://www.marketwatch.com/story/r...up-on-his-dismal-market-prediction-2017-02-28

Very few people foresaw the GFC, and of those that did, very few made money on it. Some people just got the timing wrong.

So every year, new sites pop up predicting this is the year. It's all "run to gold!"... "sell all your property!"... etc. Even during the GFC they were certain it's only going to get a lot worse. It didn't.

But one year, they're going to be right. Just which one?"

 

[IFocus]

Always plenty of bears around.

Nick Radge did nail the GFC like no one else I was aware of in Oz I followed his advice at the time and was sitting in cash.

Tech will remember he jumped out a few months before (Aug I think).

 

[trading_rookie]

>The Recession of 2019/2020...

YAPOD - Yet Another Prediction Of Doom.

As I wrote last time this came up...

"Every year there are people, groups and governments predicting this year will see the big crash. Some years it gets a little noisier.

For example, in 2016, Robert Kiyosaki (of "Rich Dad" fame) was adamant of the big crash. He had all these great reasons. It never happened, of course. In 2017, he still said it was going to happen. It didn't.

https://www.marketwatch.com/story/r...lapse-he-foresaw-in-2002-is-coming-2016-03-23
https://www.marketwatch.com/story/r...up-on-his-dismal-market-prediction-2017-02-28

Very few people foresaw the GFC, and of those that did, very few made money on it. Some people just got the timing wrong.

So every year, new sites pop up predicting this is the year. It's all "run to gold!"... "sell all your property!"... etc. Even during the GFC they were certain it's only going to get a lot worse. It didn't.

But one year, they're going to be right. Just which one?"

Good to see there are a few of us who have picked up on this.

I really hate it when they are interviewed by the media and then the interviewer mentions such and such predicted the economic event more than 3 years ago!! So laughable

 

[Garpal Gumnut]

It depends on the automobile.
My Bentley Arnage is a thing of beauty.
I will fill it with petrol until MSB in Arabia and his low IQ sidekicks are necked and the price of fuel falls.
People who drive Holdens, Volks and Kias only have themselves to blame for buyers remorse at the servo.

 

[Darc Knight]

Just thought I'd bump this thread. Per capita recession hey.
More bad sales figures for new Cars apparently.

 

[sptrawler]

Just thought I'd bump this thread. Per capita recession hey.
More bad sales figures for new Cars apparently.

It will be fine, Labor will be in soon, sunshine and lollipops all round.
Basic wage up, that means a pay rise for everyone, due to relativity. So it will take a few months for the money to come through, but there will be a lift, then a take off.
It is starting to remind me of the Gough days.

 

[Humid]

https://www.sbs.com.au/ondemand/video/1165831747733/the-third-industrial-revolution

Have you watched this Homer?