which is not much different to what pm33 said two years ago;



I should point out that since this amazing prediction, the australian all ordinaries has not done much at all, positive or negative.
A bit of good news and it goes up a few percent, a bit of bad news and it drops a few percent.

pweet, you seem to be in a constant state of expectation of an imminent disaster!
Us mere mortals are still waiting for the disaster you predicted two years ago, and from recollection, a year or two before that as well.
Sooner or later a disaster might strike but that doesn't mean we should spend our whole life in a blind panic, sell everything and hide under the kitchen table, just in case the sky falls in.
It might fall in one day, but that will be far more likely if everyone sells everything and hides it in a sock under the mattress..

AUSTRALIA IS NOT GREASE OR SPAIN OR IRELAND OR FRANCE.
Get out there and do something to make the country great!
If you do nothing now, in ten years time when this is all old news you will still have nothing.
I've lived through more than 4 four recessions, two of them severe. (1973-74 and October 1987) For the most part, during all of them, life went on much as before. People still needed food, cloths, houses, cars,.. fuel, movies,. everything.
About the only ones that really suffered were the mercedes dealers and who gives a toss about that.
Certainly the economy slows down a bit but I'm far from convinced that is a bad thing.

Kiteboy - you come across as somewhat wise - there are so many more things you can do with your time.

Why are you wasting your time kicking me in the guts? Why don't you tell us what a wonderful human being you are?

Why ponsify (my own word) over random posts in a watersports forum lurking for grammatical and spelling errors in what people write when they are pissed?

AFAIC you're a f'cn KNOB and I have no hesitation declaring on a public forum that from this point on - you are DEAD to me

KNOB

DEAD TO ME

pweedas,if nothing happens in the following 2 years don't mean i'm not right.

The people that run the system, plan change over a longer period,20,50,100's of years.

Many have lost around 40 percent or so already from their super with the drop in the stockmarket.

Most are hurting through the corporate takeover, resulting in higher utilities,fuel,food etc.

Are you sure pweedas you weren't brought up drinking tap water?

You are aware 'it' can pacify you to the truth!

<sob>

Hmmm,... come to think of it, I do seem to remember drinking tap water once.
Not often, but yes. Definitely I would have drunk some tap water at some time in my life.
Do you think that might be having some delayed effect on me?
Could it be giving me paranoid delusions that we're all going to hell in a handbasket some time soon? Real soon maybe? If not, then sooner?

I've also drunk lots of rainwater with ample additives of cocky poop and pothum pith, rotting gum leaves and the occasional dead rat. ( in season)
I didn't feel any more or less pacified on this.

The thing is pweet, recessions come around with monotonous regularity every 10 years or so and we're overdue for one so if you keep prophesising one then sooner or later you will be right, not because of any great and special insight, but just because it's turn has come around.
As the old saying goes, "Economists have managed to predict 27 of the last three recessions."

However, over the last 70 years when we have done pretty much all we can do to blow each others cities off the planet, and succeeded in no small measure in doing just that, the worst we have inflicted on the economy is a few recessions. Society didn't drop off into the sea, there were very few bloodbaths in the street and for the most part, people just got on with life. I don't see it being much different this time. Surely you must remember all the dire predictions about what would happen in the 1987 crash? Or if that's too far back the the 2007-08 crash?
People always imagine the extreme outcomes for any situation but the final outcome is rarely the extreme.

As long as the wind keeps blowing!

OOPS

Some of you may know me from my ~ estimate that Aus will enter recession in September due to a perfect convergence of taxes and global BS.

But until Aus has ~9% unemployment house prices aint crashing country wide.
Banks aren't lending to developers.
Immigration is as buoyant as ever.

Some say the governors are fudging the numbers and we're already at 10% unemployment cos people who work ~1hr a week aren't counted... I say that's bull bcos bad loans are still very low.

Stock market correction this year, a high maybe.
Recession, probably due to poor management and demand.
House price crash no.
Inflation higher YUP.

Gold and Silver? They're fix by Comex, so what ever the bankers want it to be worth... it's mostly derivatives now anyway... our couple ounces here and there don't mean much, vs the trillions in paper gold... yeah sure if that con game goes bad, the whole system implodes and then what are you going to do with your metal? Take it to the hospital? Buy food?
Last time the government took it off the people in exchange for paper.

Bottom line: We either all swim or we all drawn... or hmmm we kill others and us them as rafts.

I say we swim; for that we need to find a new planet, educate the people in engineering, science and maths.
Build spaceships, mine asteroids, develop new propulsions systems or even find a way to fold space... like the Spacing Guild.

Now is the time to buy real estate.

I recommend Cairns and the Gold Coast.

Aus banks have been very conservative with their lending, much more than countries that have plummeted. My call is that although it will take a while before things improve and 'things' might change, but it will be relative globally & in effect we'll stay a prosperous country that will 'ride-it-out'.

As for property, an old guy (who was a believer in physical assets, not fiscal) once told me "if things go pear-shaped in the economy, you can at least pitch a tent on a block of land...you can't do that on a share-portfolio".

It is not because you have nothing to say that you should shut up!
But I agree with what you say Dinsd!

There be subliminal messages [}:)].

Rich get Richer poor get poorer.

Yeah. I recommend Cairns and the Gold Coast too, as places to stay out of and away from.