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******************Kenneth, yes agreed.. lets not focus on simply two qtrs of negative growth. Lets look at real numbers like unemployment.. e.g. in US up from 4.3 to 6.1 (reality is probably north of 7%).. definite recession.
By the time recession is announced and publicly admitted it will be all over.. IMHO we’re not there yet in land of OZ.
************************i said "By the time recession is announced and publicly admitted it will be all over.. IMHO we’re not there yet in land of OZ."
what i meant is by the time everyone acknowledges the recession, the recession will be over and the world will be going into growth mode again ..
i may be a bit early on this, but i do think in equity and debt markets at least a lot has been accounted for .. in terms of global recession...
well, well here we are.. about a year since this thread was started.... http://www.somersoft.com/forums/showthread.php?t=37403
Economies and markets in general are like an elastic band.. At 6800 the asx was stretched one way, and there were ppl extrapolating that we will go to 10000 by 2010 based on commodities rah rah rah... and here at 3900 i believe it has stretched the other way, and again we have many ppl saying this is the end of the world, asx to 2000 rah rah rah ..
Is it a worldwide domino?
KY
&&&&&&&&&&&&&&&&&&hi, I hate the R word & would avoid it if I could. I also feel that Australia is not technically in recession but we have collectively brought about the very result we wish to avoid by the contraction of spending.
however, just received some disturbing news from Singapore/Malaysia. My niece just this morning arranged for her Singapore factory to shut for 1 week. During the week, they lay off 15 staff. They employ 40. The news from my sister in Malaysia is that the lay offs have already begun & they're expecting 30000 to return to Malaysia because there's no work for them in Singapore.
She also says that commodity prices have dropped 60%. I assume that she meant rubber & oil palm. Sounds like deflation to me.
I'm not scaremongering. I'm more upbeat than most. But I'm getting jittery. No buying of shares just yet! Really conflicted because yesterday I was picking stocks to watch.
Is it a worldwide domino?
KY
Not a pretty combination.to ward off a possible economic meltdown at a time when they are trying to contain soaring violence by Islamic fundamentalists. ... the nuclear-armed country
4. Which country is likely to be next to officially seek bail out from the IMF to reascue their National Economy in the immediate near future?