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  1. Trippy

    Which way is the economy heading?

    Some 47 per cent of jobs in industrialized nations like Australia are at risk of redundancy as automation outstrips job creation, according to an Australian professor involved in a British study. See link to ABC video on Robots replacing our workforce...
  2. Trippy

    Which way is the economy heading?

    In the sixties manufacturing contributed to GDP in the order of approx 25%. It is now well under 10%. With the advent of outsourcing overseas, robotic technology, the rising value of the dollar and other general technological advances manufacturing in Australia is bound to decline further in...
  3. Trippy

    Which way is the economy heading?

    We used to holiday at the Gold Coast, before it became a dump. Nice beaches but the rest is just dated, dirty and run down. When walking at night with the family back to your room after dinner you definitely don't feel safe... It's like you don't go out after dark, especially with kids. My skin...
  4. Trippy

    Which way is the economy heading?

    Several....keep in mind a decision is simply a choice made between alternative courses of action in a situation of uncertainty. There does not need to be any tangible sign of a decision. A decision is a mental process identifying a path to a final outcome. You should have asked what investments...
  5. Trippy

    Which way is the economy heading?

    And just blindly wait for the fallout :eek: Im no expert but believe the more I can learn about our place in the world economy the better prepared I can be making investment decisions.
  6. Trippy

    Which way is the economy heading?

    Angels comment was very ambiguous: I took this to mean could these markets replace China (I could be wrong.. further explanation / expansion of the comment from Angel would be required). Calling Angel to the thread....:) My point (maybe not well put across previously) was if India...
  7. Trippy

    Which way is the economy heading?

    China accounts for approx 27 percent of our total export market. India 7 percent, Indonesia is just over 2 percent. Are you suggesting that India and Indonesia pick up the 27 percent we drop from China :confused: It should be noted that both India and Indonesia heavily rely on China as an...
  8. Trippy

    Which way is the economy heading?

    Maybe... but I'm not sold. I don't think enough people look at global economics to get a perspective of where we sit in Australia and what the future may hold for us. We are a global village now. So much of our economy is tied to world events. Our manufacturing base is effectively gone. We are...
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