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They'll come hot and hard (despite the trend data showing nothing has actually changed), don't you worry.

I think this pretty much sums up your sentiments towards the empire of dirt that is Australia's economy, doesn't it Hobo Jo?

So? So??? There are two construction jobs on the mines at least for every single job lost in the cities, paying twice the wages, and offering just about any roster imaginable to permit workers to continue having their families live in Melb and Sydney while they FIFO at the company's expense...

Don't forget human hardship. :p

We don't always see eye to eye, Turkish, but for this I have to give you kudos. :)

I'll do you a deal, Hobo. You stop the Steve Keen-style imminent property crash fearmongering and anti-negative gearing agitation, and I'll stop exposing you doing it. How's that? Otherwise, do press frequently away.

Not my theory, Hobo. It's just what is being reported all over the economic pages of every national newspaper every day. Retail spending's down, services spending's up. It ain't contentious: It is known.

Hi Bayview, I'd suggest you are basically wrong, and just suffering from Vic-shock. Your Victorian economy was screaming along on a principally Melb residential construction boom up until 12-18 mths ago, but it hit oversupply/underfunding constraints, and just stopped. With construction...

Well, this poll thread was started by Hobo Jo (assuming this is the survey you find unfathomable). Did you need to know more, Tim?

It is genuinely amusing to see such a thoroughly-debunked line being publicly deployed by someone not in Abbott's own team of politicians. So try-hard.

Similar to poker machines then? :eek:

When the story broke on the TV news I immediately turned to my wife and said, "That managing director is acting strange. The trucking company has just been ripped out from under him by it's lender. His logical options are to be either furious - because he didn't see it coming and thinks he...

Or inversely, China's authoritarian government knows just one thing for certain: The moment it stops delivering economic growth will be the moment it is swept aside by a democratic uprising.

Well, my vote is on moderate growth over the next 12 months, somewhere close to the 3.25% of GDP that 'The Sunshine Gang' are forecasting (you know, the hopeless romantics at the top of Treasury, the RBA, the Government, the IMF, the non-Murdoch media, etc). Of course, you don't see this...

What I find interesting is the complete absence today of any of the conditions Macfarlane points to in that article as proximate domestic causes of the early 90s Australian recession. No asset price bubble. No inflation. No businesses over-borrowing. No financial institutions over-lending...

I've had an idea: Just abolish all forms of social welfare spending and let people use the tax savings to arm themselves to the teeth. And sell the TV rights!

It's nothing to do then with too much money chasing too few goods?

What do you want to go trying to scare property investors for now, Hobo Jo? Have they sinned against renters by investing in houses, or are you just hoping they'll sell up and tip everything they've got into bullion? The only threat of recession I see is people talking themselves into one by...