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Thread: is down under becoming a third world nation

  1. #1
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    bulletbob's Avatar Senior Member
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    PJL's Avatar Senior Member
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    You seem like these weirdo websites Bob . How's the drinking problem going ?

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    Quote Originally Posted by PJL View Post
    You seem like these weirdo websites Bob . How's the drinking problem going ?
    It's pretty bad in Russia. Sadly, their beer sucks and Europe makes better vodka.
    Whoever criticizes capitalism, while approving immigration, whose working class is its first victim, had better shut up. Whoever criticizes immigration, while remaining silent about capitalism, should do the same.


    ~Alain de Benoist


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    bulletbob's Avatar Senior Member
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    Quote Originally Posted by PJL View Post
    You seem like these weirdo websites Bob . How's the drinking problem going ?
    I think they are a lot better than your communist news sources.
    Who said I had a drinking problem . I like to drink scotch usually 21 to 30 year old scotch.its not a problem

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    I have a Australia joke .

    Two Americans visited Australia the custom agent asked them if they had a criminal record the Americans both said we didn't think you needed one to get into Australia anymore

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    bulletbob's Avatar Senior Member
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    Heres another maybe plo will tell us some american jokes


    What's the difference between an Australian funeral and wedding

    One less drunk.


    Why do Australians suffer from premature ejaculation
    So they can run to the bar and tell their mates about it

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    Lummy's Avatar Senior Member
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    Yes, it is.
    "They are not after me, they are after you. I'm just in the way." -- President Trump's 12.18.19 analysis of democrats' impeachment fraud.

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    bulletbob's Avatar Senior Member
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    Its risk is commoditys export . its not great farm land and has a very limited technology based exports.
    So its got some real issues to deal with as time goes on hopefully they will work on technology and manafacturing

  9. #9
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    unexpected return of the conservative coalition government. Since then, we have also seen the country’s central bank–the Reserve Bank of Australia (RBA)–cut the benchmark interest rate twice to 1.00 percentage point, the lowest level on record. These two cuts–25 basis points each over consecutive months–marked the first rate change since August 2016. Surprisingly, the cuts came after an earlier period of indications from the RBA that the next move in rates would be up rather than down. Learn more

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    The interest rate reductions (and expectations of more to come) partly reflect the weak performance of Australia’s economy in the past 12 months.1 But more notably, the move reflects a recent judgement call by the central bank that “full employment” has shifted, or that the number of Australians willing to work or to work more hours has increased. This implies that a lower unemployment rate (than previously thought) is needed to get wages and prices rising faster.
    Growth has slowed for a number of reasons. For one, the slowdown in global economic growth, resulting from the US-China trade dispute, has increased uncertainty for businesses, weighing on a potential recovery in investments at home. Also, the sizable fall in housing prices in two of Australia’s largest markets–Sydney and Melbourne–had become contagious, leading to a fall in new-building construction and weakening housing sentiment elsewhere in the country. This fall in the value of their biggest asset–housing–has made consumers increasingly wary of loosening their purse strings for other purchases. The fall in housing prices also coincided with an extended period of weak household income growth, which too is weighing on consumer spending.
    Signs of the slowing economy are particularly evident in the per person measures of economic growth. Output per person declined in two of the last three quarters, holding steady in the March 2019 quarter


    look like Australia is having issues of course some claim their economic state isnt tied to America but it seems whats good for America is good for down under . perhaps they are more concerned with chinas fate or just are unable to see far enough in front of their had to understand the problem

  10. #10
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    Quote Originally Posted by bulletbob View Post
    unexpected return of the conservative coalition government. Since then, we have also seen the country’s central bank–the Reserve Bank of Australia (RBA)–cut the benchmark interest rate twice to 1.00 percentage point, the lowest level on record. These two cuts–25 basis points each over consecutive months–marked the first rate change since August 2016. Surprisingly, the cuts came after an earlier period of indications from the RBA that the next move in rates would be up rather than down. Learn more

    Subscribe to receive related content Download the Deloitte Insights and Dow Jones app The interest rate reductions (and expectations of more to come) partly reflect the weak performance of Australia’s economy in the past 12 months.1 But more notably, the move reflects a recent judgement call by the central bank that “full employment” has shifted, or that the number of Australians willing to work or to work more hours has increased. This implies that a lower unemployment rate (than previously thought) is needed to get wages and prices rising faster. Growth has slowed for a number of reasons. For one, the slowdown in global economic growth, resulting from the US-China trade dispute, has increased uncertainty for businesses, weighing on a potential recovery in investments at home. Also, the sizable fall in housing prices in two of Australia’s largest markets–Sydney and Melbourne–had become contagious, leading to a fall in new-building construction and weakening housing sentiment elsewhere in the country. This fall in the value of their biggest asset–housing–has made consumers increasingly wary of loosening their purse strings for other purchases. The fall in housing prices also coincided with an extended period of weak household income growth, which too is weighing on consumer spending. Signs of the slowing economy are particularly evident in the per person measures of economic growth. Output per person declined in two of the last three quarters, holding steady in the March 2019 quarter look like Australia is having issues of course some claim their economic state isnt tied to America but it seems whats good for America is good for down under . perhaps they are more concerned with chinas fate or just are unable to see far enough in front of their had to understand the problem
    Nice big post there Bob.....but I doubt that you could understand a word of it.....(lol)

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