The Australian economy to collapse.

**paisleylass** · 06-06-2012, 02:47 AM

Closing in on parity with USD again! Must get holiday spends while it lasts :oD

**mr luvpants** · 06-06-2012, 02:54 AM

Another slant on things: http://www.bbc.co.uk/news/business-18336521

**wakeboard1980** · 06-06-2012, 04:56 AM

Originally Posted by amibovered

The non mining part of the economy (about 87 per cent) only grew by about 1 per cent last year (by comparison the U.K grew by 0.8 per cent) when, not if, the mining boom comes to an end I hope the Government have some sort of plan B.

http://www.theaustralian.com.au/nati...-1226360624893

Growing none the less

**BrisDubBris** · 06-06-2012, 04:59 AM

Some people in this thread & on another one running recently seem to be praying for a recession to hit Australia. Any one of you care to explain why?

**Paul1Perth** · 06-06-2012, 05:06 AM

Originally Posted by BrisDubBris

Some people in this thread & on another one running recently seem to be praying for a recession to hit Australia. Any one of you care to explain why?

Probably the same old reason. Keep predicting something you know will happen one day until it comes true and then they can say "told you so" and they appear experts.

Another reason is they won't feel so bad if we have one here too and the posters are stuck in UK or somewhere else in the rest of the world where they are doing it tough.

**Johndoe** · 06-06-2012, 05:12 AM

Originally Posted by BrisDubBris

Some people in this thread & on another one running recently seem to be praying for a recession to hit Australia. Any one of you care to explain why?

They've been doing it as far back as I can remember...................I'm still waiting....................it's been that long since it was first predicted that even lemons and bananas have gone down in price....................I do believe that someone also found some tasty sausages after a 3yr hunt.

**amibovered** · 06-06-2012, 05:15 AM

Originally Posted by BrisDubBris

Some people in this thread & on another one running recently seem to be praying for a recession to hit Australia. Any one of you care to explain why?

Not me, I'm hoping for a boom, interest rates shooting up and getting a pound for every dollar, probably being slightly optimistic on that mind you

**Paul1Perth** · 06-06-2012, 06:42 AM

There was definitely a recession here in 92 when we came. Much the same as the UK when we left it so we didn't have great expectations.

Didn't stop us coming though. We both gave up good jobs to come here to no promises, no jobs arranged or anything. We could sign on and get dole at the time. Didn't realise that until we got here though. Had it for about 2 weeks then my wife got a job.

I've seen a couple of downturns in my time in Perth but at the moment it looks in as good a shape as I've ever seen it, especially WA. I don't work in mining, neither does my wife and we get along fine.

If you worry about recession and how it will affect you, you may as well lock the door and not go anywhere, just in case something happens. Who knows, you might get hit by a bus next week.

**wakeboard1980** · 06-06-2012, 11:22 AM

Originally Posted by Paul1Perth

There was definitely a recession here in 92 when we came. Much the same as the UK when we left it so we didn't have great expectations.

Didn't stop us coming though. We both gave up good jobs to come here to no promises, no jobs arranged or anything. We could sign on and get dole at the time. Didn't realise that until we got here though. Had it for about 2 weeks then my wife got a job.

I've seen a couple of downturns in my time in Perth but at the moment it looks in as good a shape as I've ever seen it, especially WA. I don't work in mining, neither does my wife and we get along fine.

If you worry about recession and how it will affect you, you may as well lock the door and not go anywhere, just in case something happens. Who knows, you might get hit by a bus next week.

Why write such a story. Surely you are pretending that you don't work in mining and are still living happily.

**Johndoe** · 06-06-2012, 11:30 AM

Originally Posted by wakeboard1980

Why write such a story. Surely you are pretending that you don't work in mining and are still living happily.

yeah, it's just a bad dream mate.....................Oz is nothing without mining dontcha know?.....................and mining is nothing without China, and China is on the verge of collapse..................still, we can always keep the economy booming by charging ridiculous prices for lemons and bananas......................or even drop the meat content of our snags from 10% to 2%