You never know.
Few ppl on this forum got the blinkers on with regards to economy......like that dude in the "we're building towards a construction boom" thread - he just can't let go.....it's all perma-bulls stuff for these guys while around them it's going belly up.
Here's two very...
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I'll add my two cents....
The first few pages of today's CourierMail practically all about the concessions that we as a state in QLD are goign to have to make to get out of this debt situation we're in......GOVT looking to cut public sector jobs by a 3rd over the next five years...on...
The Age - NAB cuts fixed-rate loans as pricing hits 20-year lows
Pre-cursor of things to come from RBA or like the article says, simply a matter of a bank trying to attract customers?
RIO in a pessimistic mood about Iron Ore
http://m.theaustralian.com.au/business/mining-energy/rio-tinto-sees-downward-pressure-on-iron-ore-prices/story-e6frg9df-1226600812459
Welcome to my world.
I went thru the same thing years ago....it was hell. Same thing - missed gas bill (optus) and internet (aapt)...~ $400 in total. Both last bills and they got lost in transit. Both bills eventually paid off when they came to my attention - but after they slapped me with...
http://www.news.com.au/realestate/perfect-storm-in-perth-market/story-fncq3era-1226593306857
Properties selling within hours of listing.
Properties selling significantly above their asking price
Multiple offers
Panic / feverish buying
Oh my, here we go again.....
What happens...
Iron Ore to go back to $100 per tonne....straight from the horses mouth.
http://au.ibtimes.com/articles/444381/20130311/rio-tinto-iron-ore-prices-go-down.htm
We know WA economy lives and dies by the Iron.
How long before this filters down into the local WA economy.
Iron Ore in a tad trouble.
http://www.mining.com/iron-ore-free-fall-strikes-projects-miners-and-frightens-investors-57714/
Not looking good for Perth property...though the Perma Bulls will tell you otherwise.
Bottom line --> don't mess with the Chinese....if their melamine milk...
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Perth schmerth....its all about Perth....but even WA will get hit once Iron Ore prices come back to reality.
Btw, more job cuts point to weak economy.....CSR cuts 150 workers
http://www.heraldsun.com.au/realestate/building-sector-jobs-hit-hard/story-fnczi4hc-1226595288577...
Good question and the answer is mostly because you have deads**ts and nobodies with low or appalling buisness, negotiation, decision-making and strategy skills in public office - ex-butchers, ex-school teachers, etc....I kid you not - look at the current NT state Gov for example.
Then you...
Yep, same thing here
http://www.smh.com.au/opinion/political-news/laborgreens-alliance-dead-says-milne-20130219-2eoqz.html
The cynic in me would say "oh really, funny that now that Labour is doomed"
The realist in me would say "oh really, funny that now that Labour is doomed"
HA...