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  1. yorke

    Recession/Interest rates. This is going to end badly!

    You can argue for as long as you like, doesn't make it any less true. ;) I think our bill for imported food & beverage is now around $1 billion a month and the reason for that is not because we can't produce enough food. Its just that our farmers can't compete with subsidized Canadian pork or...
  2. yorke

    Recession/Interest rates. This is going to end badly!

    In the above scenario our locally manufactured goods become cheaper then the imports so we produce more of them here therefore more jobs will be created. And is not only the manufacturing industry that gains, our farmers and resources sectors also become more competitive therefore increasing our...
  3. yorke

    Recession/Interest rates. This is going to end badly!

    Not sure what you mean about "system destabilise" but the AUD will drop further because the interest rates will. Wouldn't be surprise to see mid 50s by the end of this month and high 40s by April/May if the RBA rates drop to 2% or below.
  4. yorke

    Recession/Interest rates. This is going to end badly!

    So what is the alternative ? Invest in shares & property where returns are above the inflation rate ?
  5. yorke

    Recession/Interest rates. This is going to end badly!

    Then what has that to do with the last commodities boom or the recent (possible) recession ? Is that "Nope" because you wish it so or do you know something we don't? Using your logic if the bears jump out the windows then they obviously reach the bottom a lot faster then it takes the bull to...
  6. yorke

    Recession/Interest rates. This is going to end badly!

    So if you dunno then it could be as early as 6 months from now ? If the commodities market recover as fast as they deteriorated then it is a real possibility, right ? What are you saying, has all these happened in the last half of 2008 ?
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