Victoria now in recession
- Thread starter Fifth
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Yes well they campaign all the time to different areas. It's just that they visit marginals more than safe seats.
I guess her previous visits haven't had the accompanying media circus that's why you didn't notice them.
Anyway Abbott has been campaigning since the 2010 election so has visited the area 50 times while Gillard has been there over 30 times.
And it seems to have claimed Ted Baillieu as Premier, who is now apparently resigning.
Budgetary wise, they have done a pretty good job despite the Vic economy. Sure there will be those who dispute the cuts and hardline approach to teachers and nurses, but that seems to be the price for a surplus.
The price may also be a minority government given the resignation of Geoff Shaw. Sounds very familiar to the Feds story.
Budgetary wise, they have done a pretty good job despite the Vic economy. Sure there will be those who dispute the cuts and hardline approach to teachers and nurses, but that seems to be the price for a surplus.
The price may also be a minority government given the resignation of Geoff Shaw. Sounds very familiar to the Feds story.
Gee that was a quick knifing of Baillieu. Strange times.
Which means that half of the state are not in recession, reinforcing the fact Australia has a 2 speed economy, doubt if that is a revelation to anyone.
Last financial year you had Australia in a recession but GDP was 3.7%.
You have Australia in a depression for the last calander year with a GDP of 3.1%
I can't recall seeing posts on Somersoft denying there is an Australian economic slowdown, perhaps you can point these posts out or is that another fluffy one liner.
Cheers
Pete
What makes you say Australia is in a depression? That's a pretty extreme view you have
Slow down, yes. On the way to national recession, quite possibly (as mining projects peak and decline, timing of which I could do with improvement on guesstimating
), but I wouldn't say an Australian depression is likely without both a further crash in commodities and another major global catastrophe.I would not be relying on growth over such a small period to indicate a trend, if you see RP Data's price charts they show volatile moves higher over a short period don't necessarily lead to a trend higher:
http://www.rpdata.com/images/stories/content/pressreleases/2013_03_01_rpdata_rismark_indices.pdf
Also worth noting that the RP Data series, like REIV might not be capturing sale prices with long settlement:
http://www.heraldsun.com.au/realest...-property-prices/story-fnczi4hc-1226591856204
Travelling to the U.K., France(Paris Marathon) and Spain for 6 weeks soon, will get to see what a real recession looks like
pass by athens too pls : )
ta
rolf
Would love to, but no time.
I'm not sure if somebody called turk would want to go to Athens anyway ;-)
The rest of the world would love to have such recession.
Indeed. Maybe this is just how party leadership works now in Australia...
Travelling to the U.K., France(Paris Marathon) and Spain for 6 weeks soon, will get to see what a real recession looks like
Nice, are you competing in the Paris marathon yourself? Colleague here at work did a few years ago, loved it. He's been trying to do the NY Marathon for some time but cant get in.
Non mining Australia in recession (Q4, 2012): http://www.macrobusiness.com.au/2013/03/non-mining-australia-in-recession-last-quarter/
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Yes, running the marathon, my first and a 62nd birthday present to myself.
Awesome looking course, starting on the Champ Elysees.
