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    Sharp drop for economy IMF warns

    But you can afford to pay premium. I was only offering it to the under-privileged because as we all know there'll soon be no food left for people here, oh my godddd no food left!!!!
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    Sharp drop for economy IMF warns

    A$ is a currency linked closely to commodities. When US and Europe enter a deep recession, the general view is commodity prices will taper off and in fact crash. Which of course means currencies linked to it also crash.
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    Sharp drop for economy IMF warns

    There's a new legislation called Strategic Cropping Land. Don't worry all your Queensland farmland has been enshrined.
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    Sharp drop for economy IMF warns

    There are more millionaires in China than you'd ever imagine that their spittle could probably flood your house, for want of a better metaphor, and they can afford to buy much premium products from any country. In a few decades, there'll be 700 million middle class in China, just nearly double...
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    Sharp drop for economy IMF warns

    I'm not surprised they're a net importer. However what they do is they package their food in to premium products and sell them at supermarkets at premium prices in China and Hong Kong. In fact there are supermarkets dedicated to selling such premium products. Is it easy? Well I'll soon...
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    Sharp drop for economy IMF warns

    Absolutely Daniel. When I was studying, I topped this very nation, had scholarships to every university in this country and would've been paid to walk in to any degree I wanted. When I graduated, all my friends in Hong Kong, China and Singapore asked me why I don't work for the govenrment...
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    Sharp drop for economy IMF warns

    Europe is the leader in renewable energy at the moment. If the focus was that, probably there. Some of these countries like Switzerland are so far ahead. Though China is beating them on cheap manufacturing. Australia is a great place to live - but living only once, it would certainly be nice...
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    Sharp drop for economy IMF warns

    People are certainly moving out to here. For me though the real risk though is what happens if and when the last bastion falls - ie if and when China falls and drags the world down with it? I think in such a scenario, no one will be spared. Though the previous analysis was meant to assist...
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    Sharp drop for economy IMF warns

    Yea I saw the clean energy article somewhere too. Made me wonder. We honestly don't market our brands enough. Most people still think we're some outback nation with kangaroos and populist rhetoric, unfriendly migration stance and unrepentful decisions (especially when Indian students are bashed...
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    Sharp drop for economy IMF warns

    Not sure, do you deal much with any of US/Switzerland/French/German banks? I think there was a genuine concern at the time, though the Obama Administration reacted fast enough to save everybody. But who knows yea? Even if there was only a 10% risk the whole world will melt down, they...
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    Sharp drop for economy IMF warns

    Tourism is too fickle. You end up like Greece. Healthcare is good. We should be a leading-edge age care, biotech country. People should be coming here to take advantage of the good environment to recover from serious illnesses etc. But alas, our medical equipment and facilities are SO...
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    Sharp drop for economy IMF warns

    Who knows... there's too many things to consider. But here's some insight/thoughts on Australian real estate. The key question is, how contagious are Australia's mortgages? Are we going to see widespread defaults, leading to significant bank losses and write-downs? Because if we do, we're...
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    Sharp drop for economy IMF warns

    Australia's not immune. It's a question of how severe. The initial GFC was contained quickly, but Australia faced a near-death that I'm sure most people in this country didn't realise/appreciate. At some point we were briefed by one of the top ten people in a private meeting of a top...
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    Sharp drop for economy IMF warns

    Been telling people here for a while we're probably due for a downturn. How severe? I don't know. But anyone who thinks mining will carry us through is kidding themselves because when things go pear-shape that's the first industry to sack everybody - as usual, working class buy in new...
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