spatial
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Post by spatial on Mar 23, 2019 8:00:07 GMT 10
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spatial
Senior Member
Posts: 2,396
Likes: 1,560
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Post by spatial on Mar 24, 2019 12:39:18 GMT 10
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frostbite
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Post by frostbite on Mar 24, 2019 14:02:31 GMT 10
Still gravy time for myself and my kids and many of my friends. My son and I work in 2 different industries, both of which are supposed to be collapsing, and yet both of us have unlimited overtime. I cap my overtime, as I'm winding down to retirement, but my son is still working 100hrs a week in the building industry, which all the fools claiming to be experts say is in a massive downturn. My daughter is still earning triple figures working as a military contractor, as is her partner. The economists are lying to us, there's big dollars still available for even semi-skilled workers if they want it.
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Post by spinifex on Mar 24, 2019 14:47:59 GMT 10
I suspect the economy is patchy. Certainly good opportunities for motivated people with good networks and willing to go where work is needing to be done. Contracting for Government has possibly never been so lucrative.
From what I hear from a mate of mine in NT ... not so great in Darwin though.
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Post by Peter on Mar 24, 2019 19:21:41 GMT 10
The first step to fixing the economy is simple: stop dickheads in the media talking BS. Seriously - they're scaring the crap out of the average punter.
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feralemma
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Post by feralemma on Mar 25, 2019 10:49:09 GMT 10
The first step to fixing the economy is simple: stop dickheads in the media talking BS. Seriously - they're scaring the crap out of the average punter. But how will they control the population without the use of fear? It's worked pretty well for the last few thousand years in one way or another! |
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spatial
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Post by spatial on Mar 25, 2019 19:15:53 GMT 10
The basic issue is too much debt. Almost all gov across the world spend more than they earn. It all works fine and dandy till the interest has to be paid, with yield curve inverting it is a major red flag on the debt blow out. Aus reserve bank is talking about dropping rates below record lows as there is big trouble coming.
At the beginning of the debt boom there is over optimism and many projects are started money is borrowed and spent and despite the projects viability suddenly going sour the project needs to be completed. It all keeps going till the brick wall is hit and it all comes to a crashing halt. Yeah the NSW liberals took state gov on Saturday election based on billions of dollars of infrastructure spending.
Asian stocks took a tumbles today Asx down 1.11%, Jap down 3.01%, Chinese almost 2%, global economic slow down makes debt payments impossible and is spooking the markets.
Australian economy is doing better than the rest, but this time there will be no Chinese stimulus that will save Aus, it is something to watch and be wary of.
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Post by Joey on Mar 26, 2019 8:10:36 GMT 10
Things are booming in CQ with coal mines. 4 new mines green light this year with some to start building by end of year/early next year. The local farm where I shoot has had the exploration drillers testing his lands and has a mega coal seam under his farm (good for him so he can retire in a few years when they buy the farm from him, bad for me as I'll loose my shooting block lol)
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zombie
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Post by zombie on Mar 28, 2019 12:48:53 GMT 10
The first step to fixing the economy is simple: stop dickheads in the media talking BS. Seriously - they're scaring the crap out of the average punter. But how will they control the population without the use of fear? It's worked pretty well for the last few thousand years in one way or another! True. I'm reading a book (yep a book) about the feudal system in middle ages. Today we've obviously got it better in a ton of ways. But the basic structure of power, wealth and inequality is pretty much the same. Serfdom and wage slavery same leg action different dog. |
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norseman
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Post by norseman on Mar 28, 2019 13:50:32 GMT 10
But how will they control the population without the use of fear? It's worked pretty well for the last few thousand years in one way or another! True. I'm reading a book (yep a book) about the feudal system in middle ages. Today we've obviously got it better in a ton of ways. But the basic structure of power, wealth and inequality is pretty much the same. Serfdom and wage slavery same leg action different dog. So mate IMHO you actually "GET IT"! In the meantime millions of Aussie DummF**ks don't! Please post some more here! |
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spatial
Senior Member
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Post by spatial on Mar 28, 2019 17:14:42 GMT 10
True. I'm reading a book (yep a book) about the feudal system in middle ages. Today we've obviously got it better in a ton of ways. But the basic structure of power, wealth and inequality is pretty much the same. Serfdom and wage slavery same leg action different dog. So mate IMHO you actually "GET IT"! In the meantime millions of Aussie DummF**ks don't! Please post some more here! Some of the gov. horror to feed your dislike of big Gov. www.zerohedge.com/news/2019-03-27/making-monster-were-all-lab-rats-governments-secret-experiments |
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spatial
Senior Member
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Post by spatial on Mar 28, 2019 17:19:33 GMT 10
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spatial
Senior Member
Posts: 2,396
Likes: 1,560
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Post by spatial on Mar 28, 2019 17:24:06 GMT 10
Things are booming in CQ with coal mines. 4 new mines green light this year with some to start building by end of year/early next year. The local farm where I shoot has had the exploration drillers testing his lands and has a mega coal seam under his farm (good for him so he can retire in a few years when they buy the farm from him, bad for me as I'll loose my shooting block lol) It reminds me of 2012, coal prices up full scale expansion on the go, then it all came crashing down. The US coal went broke and never recovered, Aus is picking up some of the slack. Time will tell if China can keep building empty apartments, over 50million and counting. |
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