This is by far and away the most comprehensive and insightful article I have read re the patency of Australia's current account deficit.
Am interested in others' views.
Cheers
WW
Am interested in others' views.
Cheers
WW
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Government sources like Treasury are generally unbiased.
Anyone who thinks Ken Henry is unbiased is biased.
I don't have a need to talk up property, or the economy. I accept the good with the bad, and cover the downside.
Do you ever have positive news WW?
The links you share with us - and i know you are well intentioned in doing so - are usually always doom & gloom in theme.
Meconium, if you had a demonstrated history of considered and unbiased opinion supported by quality references, I might not consider your posts as literally meconium.
Warren Buffett didn't get wealthy playing pollyanna. Why do you get your knickers in a knot as soon as the property market softens? I suppose you'll have to get another pin up boy now that Chris Joye has become a bear.
Everything is a conspiracy and the world is about to end......is that WW's mindset? *wink*
Told you there was nothing to worry about!
Now, I've got a hankering to purchase some property...
(An excellent article WW - it rings true to me - thanks for the link!)
Do you ever have positive news WW?
Thanks for the link,here is another one ..willair..This is by far and away the most comprehensive and insightful article I have read re the patency of Australia's current account deficit.
Am interested in others' views.
Cheers
WW
Against that criterion, Australia’s large CADs in recent years, and the prospect that these could continue for some time, do not appear to be a cause for concern. Increased external borrowing is financing investment, mainly in the resources sector, that is likely to yield high rates of return and will expand export supply capacity. In these circumstances we could expect external borrowing to raise the wellbeing of Australians and to be readily serviced. Although net foreign liabilities are likely to grow significantly as a share of GDP, the size of the trade balance adjustment needed to ensure long-run sustainability appears readily achievable.
I am genuinely interested in your education and profession.
- why is infrastructure not keeping up with population growth
- why are public health waiting lists growing?
- why is the pension not keeping pace with inflation?
- why is govt selling off assets? particularly Vic, NSW, and Qld.
- why is our workforce of necessity becoming more casualized?
- why didn't the analysis address the sustainability of Australia's high population growth rate, and its contribution to our BOP?
clearly treasury and the RBA aren't talking to each other.
WW has pointed out hundreds of time his views regarding platinum, palladium, gold and silver, rare earth elements etc.
How about some good news for a change WW? You are a valued member of SS, surely you have some warm & fuzzie goodies you can share with the rest of us? You know, things that can help us make a few dollars. This is an investment forum after all.
WW has pointed out hundreds of time his views regarding platinum, palladium, gold and silver, rare earth elements etc.
Mec, earlier today I read through your recent posts and formed a view
Enough forumites know me personally to vouch I have been active in property this year, and equities....
I had you on ignore until a few days ago, and as you persist in time wasting.
you seem to only talk about where you buy or live.
Maybe posts such as Winstons have to be taken in a similar context to our anti terrisom advertisements: be aware but not afraid.
Enough forumites know me personally to vouch I have been active in property this year, and equities....
you seem to only talk about where you buy or live.
Treasury warns over costings for the NBN
Many won't notice that Treasury was numb before and during the election re this subject. But don't dare think that was political bias.
Treasury shifts to RBA's view
RBA, Treasury outlooks diverge
Strong dollar hits budget bottom line
Treasury have been revising their forecasts a lot recently.
Treasury's view that most new debt is due to productivity investment and not housing, doesn't reconcile with Steve Keen's chart below.