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Hi Boomie I really wish it were true:( I think we have a way to go yet. As poor red hot chilli alluded to in his post we all should be worried. Its fine for me to have a go at share investors but again though we don't invest in shares if everyone was like us the Australian Economy would be...

Ok Chilli I'll tone it down if you do too:D. If you notice I didn't wish you a nice retirement on the pension so I am still reading your posts.

Hello Peter when this discussion about the soft depression was introduced I took a lot of flack in suggesting what was coming initially because of the subprime. Today the U.S, Japan, most of Western Europe, Eastern Europe and Korea are now in depression. South America and Africa remain basket...

Good point I got rather nervous when I read that because of the chinese bias for boys in one child families there will be 250 million more males than females by 2025. As for George his concept of reflexivity is very left brain.

Hiya red hot chillie my call on the asx reaching 2200 in October 2009 is looking a tad conservative don't you think with all the bad news:D Funny how you cannot draw a parallel between the gnomes in Switzerland demise in banking, the wholesale wealth destruction of our American cousins...

Any banana benders out there ready for the state election. Here is a ripper of an interactive election poster.:D http://queensland-debt.com/

You have got to give it to labour governments:p the are the fiscal trogo (d) lytes of the universe; The Queensland Labour government at the end of the greatest resource boom ever in dollar terms has managed to lose their AAA credit rating. You gota hand it to them...

Like people with split personalities sparky:D

Devo 76 considering your earlier post, have a nice life on the pension:D

Did you also read today that 52,000 wealthy Americans who have Swiss bank accounts are in a spot of bother as the once mighty Swiss gnomes at UBS have the IRS putting the blow tourch to them ? Its tough times for the super rich world wide.

Wife and I

As has been stated on this thread by top cropper and others. Australia is 12-18 months behind the rest of the world with regards to the unfolding financial tragedy and really its just the last two months that some of my customers have woken up. The fact that 18 months ago I started talking...

Mmmm More abuse fair enough have a nice retirement on the pension yorkie

I cannot believe we are still having this discussion at this late stage. The train horn is blaring you can hear the squeal of the brakes of the world economy. The approaching freight train lights are blinding and like rip van winkle you accuse me of dodging what is absolutely bleeding obvious we...

Keith you want credible proof that we are in a world wide depression:confused: Good on ya keith put your head in the sand and leave your posterior waving in the wind. I will let someone else drive the point home

:confused: Sigh.... Keith my boy you are a difficult possum to please. You are critical because early in the piece you posted that I didn't have references to back up my position and according to you I wasn't clear in my thought process in explaining it on the board. To be truthful over 12...

Here is something else that points to property prices correcting up to 50% http://business.theage.com.au/business/dont-mention-the-debt-20090219-8c6e.html?page=-1 In other words a lot of the current account debt gets back to inflated property values that are funded by borrowings overseas...

Devo:D There is an ignore facility on this site that allows you not to see my posts. I suggest you use it.

Chillie and Boomi you have misconstrued what I am on about. We live in one of the richest countries in the world but Australians shoot themselves in the foot economically every day. I just had a long standing customer who is a self made multi millionaire come into my business this morning and...

Hi Chilli; Because like some people governments like to spend more than they earn. When one credit card is maxed they move onto the next line of credit. Good example is the current federal government. Lets see how long it takes them to squander the future fund.