paisleylass Posted June 6, 2012 Share Posted June 6, 2012 Closing in on parity with USD again! Must get holiday spends while it lasts :oD Link to comment Share on other sites More sharing options...
mr luvpants Posted June 6, 2012 Share Posted June 6, 2012 Another slant on things: http://www.bbc.co.uk/news/business-18336521 Link to comment Share on other sites More sharing options...
wakeboard1980 Posted June 6, 2012 Share Posted June 6, 2012 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/national-affairs/opinion/get-ready-for-the-end-of-the-boom/story-e6frgd0x-1226360624893 Growing none the less Link to comment Share on other sites More sharing options...
BrisDubBris Posted June 6, 2012 Share Posted June 6, 2012 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? Link to comment Share on other sites More sharing options...
Paul1Perth Posted June 6, 2012 Share Posted June 6, 2012 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. Link to comment Share on other sites More sharing options...
Johndoe Posted June 6, 2012 Share Posted June 6, 2012 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. Link to comment Share on other sites More sharing options...
amibovered Posted June 6, 2012 Share Posted June 6, 2012 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 :biggrin: Link to comment Share on other sites More sharing options...
Paul1Perth Posted June 6, 2012 Share Posted June 6, 2012 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. Link to comment Share on other sites More sharing options...
wakeboard1980 Posted June 6, 2012 Share Posted June 6, 2012 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. Link to comment Share on other sites More sharing options...
Johndoe Posted June 6, 2012 Share Posted June 6, 2012 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% :wink: Link to comment Share on other sites More sharing options...
wakeboard1980 Posted June 6, 2012 Share Posted June 6, 2012 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% :wink: I came back to the UK because I can see the writing on he wall, and I'm not in mining. God can you imagine how much bananas will be when the recession hits? Think they should start importing them. Link to comment Share on other sites More sharing options...
Skani Posted June 6, 2012 Share Posted June 6, 2012 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? Some people are miserable - and don't like the fact that other people are not as miserable. Link to comment Share on other sites More sharing options...
fmck Posted June 22, 2012 Share Posted June 22, 2012 It is true that inflation is affecting everyone. You can see it in the UK. The worlds poorest are really seeing the effect of inflation, it hits you hard when you are on $2.50 per day. The banking industry unfortunately is so interwoven that nobody can escape the consequences of the banking casino. Link to comment Share on other sites More sharing options...
fmck Posted June 22, 2012 Share Posted June 22, 2012 Another slant on things: http://www.bbc.co.uk/news/business-18336521 Whatever the BBC says, the opposite is probably the truth. Australia should be exporting finished products instead of raw materials (aluminium ingots and not bauxite). That would grow the economy and produce jobs for more people. Link to comment Share on other sites More sharing options...
Skani Posted June 22, 2012 Share Posted June 22, 2012 Australia should be exporting finished products instead of raw materials (aluminium ingots and not bauxite). That would grow the economy and produce jobs for more people. The problem is the high level of wages here. There are processing plants in Australia (including aluminium) but the wages make them very uncompetitive and many are struggling to survive. An added problem is the high Australian dollar at the moment - it makes it more expensive to buy overseas. And one of the reasons for the high dollar is the mining boom...so the miners are doing fine but causing problems for other industries. Link to comment Share on other sites More sharing options...
Paul1Perth Posted June 25, 2012 Share Posted June 25, 2012 The problem is the high level of wages here. There are processing plants in Australia (including aluminium) but the wages make them very uncompetitive and many are struggling to survive. An added problem is the high Australian dollar at the moment - it makes it more expensive to buy overseas. And one of the reasons for the high dollar is the mining boom...so the miners are doing fine but causing problems for other industries. I wouldn't call the wages here high. After all the threads on here about how expensive it is to live here the wages are adequate and that's because the unions and members fought for them. The problem is China, India and a few other countries who are trying to be first world (whatever that means) and paying their workers crap money so their goods are always going to be cheaper in a world market. Human rights don't exist in a lot of the countries we are competing against, let alone unions. Link to comment Share on other sites More sharing options...
robfromdublin Posted June 25, 2012 Share Posted June 25, 2012 I think he meant high wages in comparison to the rest of the world, which is definitely true. They are adequate to cover expenses here but it's the chicken and egg story. Are wages high because the cost of living is expensive, or is the cost of living expensive because wages are high? Wages are high in Oz even compared to France and the UK, and the difference in those cases is not down to human rights abuses or weak unions. Link to comment Share on other sites More sharing options...
Paul1Perth Posted June 25, 2012 Share Posted June 25, 2012 I think he meant high wages in comparison to the rest of the world, which is definitely true. They are adequate to cover expenses here but it's the chicken and egg story. Are wages high because the cost of living is expensive, or is the cost of living expensive because wages are high? Wages are high in Oz even compared to France and the UK, and the difference in those cases is not down to human rights abuses or weak unions. No it's more to do with the state of the economy in those 2 countries. When we emigrated the wages were higher in the UK than they were here, because the economy wasn't doing so well and the exchange rate coming this way was a lot better. It's also a question as to whether the black economy and the EU workers working for cash in hand can be construed as human rights abuses. No-one knows how many people are just working for cash and paying no tax, keeping the wages of others, trying to do the right thing down. The same sort of thing happens on Oz too. I've lost count on the number of documentaries I've seen where a bunch of Chinese, Thai's, Indians etc. are caught here, sharing a house, no visas, can't even speak English on a lot of occasions, been here a couple of years being exploited. Usually by people from there own country who pretend they are doing them a favour. Unions are never strong when people are desperate for a job either. They have to pick their time to be strong, at the moment the strength is all on the side of the employer and they will pay as little as they can. More profit for them and the shareholders. Link to comment Share on other sites More sharing options...
robfromdublin Posted June 25, 2012 Share Posted June 25, 2012 You reckon people working cash in hand are committing human rights abuses? That's a hell of a leap! Link to comment Share on other sites More sharing options...
Paul1Perth Posted June 25, 2012 Share Posted June 25, 2012 You reckon people working cash in hand are committing human rights abuses? That's a hell of a leap! Not the people working but the people who are employing them. Link to comment Share on other sites More sharing options...
robfromdublin Posted June 25, 2012 Share Posted June 25, 2012 It's still wrong. Perhaps you meant that some employers illegally exploit workers to the extent that their human rights are violated? That shouldn't be confused with tax evasion. Link to comment Share on other sites More sharing options...
newjez Posted June 25, 2012 Share Posted June 25, 2012 Some people are miserable - and don't like the fact that other people are not as miserable. It is to many peoples financial advatage if the Ozzy boom takes a rest. Just a rest mind you, if it hit the wall then that would defeat the purpose. It's a bit like - 'please stop the roundabout so we can all get on' Link to comment Share on other sites More sharing options...
RioMarina Posted August 23, 2012 Author Share Posted August 23, 2012 It is to many peoples financial advatage if the Ozzy boom takes a rest. Just a rest mind you, if it hit the wall then that would defeat the purpose. It's a bit like - 'please stop the roundabout so we can all get on' Is this the start of the collapse? http://www.bbc.co.uk/news/business-19352513 Link to comment Share on other sites More sharing options...
Guest The Ropey HOFF Posted August 23, 2012 Share Posted August 23, 2012 Is this the start of the collapse? http://www.bbc.co.uk/news/business-19352513 I have seen links similar to this for a few years now and Australia is still booming, good growth figures last year, good predictions again this year, whereas the UK hasn't had any overall growth in more than 3 years and the prediction is that we will still be, I will repeat ...... Still be in recession at the beginning of next year, with more cuts heaped on us, no pay rises, bills going up, etc, etc and there's no comparison between the two countries at present, ones been doing great for the last few years, the other has been struggling badly, but ....... Who can predict the future for certain? Link to comment Share on other sites More sharing options...
wakeboard1980 Posted August 23, 2012 Share Posted August 23, 2012 Is this the start of the collapse? http://www.bbc.co.uk/news/business-19352513 No, I think it will last a little while longer, and even if the 'boom' ends there will still be a lot of work when it stops growing at the rate it is and levels out a little. Link to comment Share on other sites More sharing options...
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