Gillard should go!

[redandblack]

Just quoting facts.

Inconvenient, I know, but there you go

Oh, you don't think you might live in an anti-Gillard bubble?

[Leaping Lindner]

Jimmy, he didn't keep interest rates down.

I think when he was voted out, rates were at 6.75%(?).

They're now 4.25%.

As for a sinking economy, unemployment is low, inflation is low, growth is OK, especially after a GFC and a current European meltdown.

I know it's hard giving credit where it's due, but Labor have presided over a strong economy, whatever way it's spun.

Go out and talk to the people in the shops in retail or tradespeople.......Yes the times are booming!!!

You seem to live in a bit of a bubble R&B.

It's Gillard's fault people are buying on line and not at retail shops????

[southee]

Just quoting facts.

Inconvenient, I know, but there you go

Oh, you don't think you might live in an anti-Gillard bubble?

Yes I do and it's a wonderful place

[southee]

Jimmy, he didn't keep interest rates down.

I think when he was voted out, rates were at 6.75%(?).

They're now 4.25%.

As for a sinking economy, unemployment is low, inflation is low, growth is OK, especially after a GFC and a current European meltdown.

I know it's hard giving credit where it's due, but Labor have presided over a strong economy, whatever way it's spun.

Go out and talk to the people in the shops in retail or tradespeople.......Yes the times are booming!!!

You seem to live in a bit of a bubble R&B.

It's Gillard's fault people are buying on line and not at retail shops????

Not all that ... Plenty more workers who are casual and part time . People are not spending as much either whether online or in retail shops .

Confidence is shot !!!

[redandblack]

I hope Gillard keeps 'failing'.

According to the 2011 Credit Suisse Global Wealth report, Australia has a median wealth of US$222,000 ($217,559), the highest in the world and nearly four times the amount of each US adult.

[Q.]

Not all that ... Plenty more workers who are casual and part time . People are not spending as much either whether online or in retail shops .

Confidence is shot !!!

Consumer confidence is shot because people are stupid and buy into the negative spin of The Wrecking Machine (ie. Abbott and his cronies at Limited News).

[scoob]

Not all that ... Plenty more workers who are casual and part time . People are not spending as much either whether online or in retail shops .

Confidence is shot !!!

Consumer confidence is shot because people are stupid and buy into the negative spin of The Wrecking Machine (ie. Abbott and his cronies at Limited News).

That's comforting for all the tradies and contractors struggling to pick up work

[Q.]

Not all that ... Plenty more workers who are casual and part time . People are not spending as much either whether online or in retail shops .

Confidence is shot !!!

Consumer confidence is shot because people are stupid and buy into the negative spin of The Wrecking Machine (ie. Abbott and his cronies at Limited News).

That's comforting for all the tradies and contractors struggling to pick up work

It's not meant to be. If people believe the 'economy is bad' they aren't going to make major investments.

This has been discussed before. Overall things are good because of the resource sector, which essentially needs to be slowed down via high taxation, then the Government can initiate a stimulation of the non-resource sector. Labor needed to introduce the initial RSPT, but didn't have the balls and what we've seen is a mild form of 'Dutch Disease' follow since.

[Media Park]

I hope Gillard keeps 'failing'.

According to the 2011 Credit Suisse Global Wealth report, Australia has a median wealth of US$222,000 ($217,559), the highest in the world and nearly four times the amount of each US adult.

I agree with redandblack.

[dedja]

take these 10 out and what does the median look like?

Gina Rinehart $10.31 billion
Ivan Glasenberg $8.80 billion
Andrew Forrest $6.18 billion
Anthony Pratt $5.18 billion
Clive Palmer $5.05 billion
Frank Lowy $4.98 billion
Harry Triguboff $4.30 billion
James Packer $4.16 billion
John Gandel $3.45 billion
Chris Wallin $3.10 billion

[redandblack]

Agreed, same for other countries of course?

Take the US ones out and their median would drop even more

[smac]

"Economic disaster ahead" sceptic.

[Q.]

take these 10 out and what does the median look like?

Gina Rinehart $10.31 billion
Ivan Glasenberg $8.80 billion
Andrew Forrest $6.18 billion
Anthony Pratt $5.18 billion
Clive Palmer $5.05 billion
Frank Lowy $4.98 billion
Harry Triguboff $4.30 billion
James Packer $4.16 billion
John Gandel $3.45 billion
Chris Wallin $3.10 billion

Probably could have posted this here:

http://www.safooty.net/forum/viewtopic.php?p=1430904#p1430904

[JK]

Jimmy, he didn't keep interest rates down.

I think when he was voted out, rates were at 6.75%(?).

They're now 4.25%.

As for a sinking economy, unemployment is low, inflation is low, growth is OK, especially after a GFC and a current European meltdown.

I know it's hard giving credit where it's due, but Labor have presided over a strong economy, whatever way it's spun.

Where do I get 4.25%?

[Booney]

Good point JK.

[Wedgie]

Jimmy, he didn't keep interest rates down.

I think when he was voted out, rates were at 6.75%(?).

They're now 4.25%.

As for a sinking economy, unemployment is low, inflation is low, growth is OK, especially after a GFC and a current European meltdown.

I know it's hard giving credit where it's due, but Labor have presided over a strong economy, whatever way it's spun.

Where do I get 4.25%?

Grumpys Brewhaus Buzz Beer

[scoob]

Not all that ... Plenty more workers who are casual and part time . People are not spending as much either whether online or in retail shops .

Confidence is shot !!!

Consumer confidence is shot because people are stupid and buy into the negative spin of The Wrecking Machine (ie. Abbott and his cronies at Limited News).

That's comforting for all the tradies and contractors struggling to pick up work

It's not meant to be. If people believe the 'economy is bad' they aren't going to make major investments.

This has been discussed before. Overall things are good because of the resource sector, which essentially needs to be slowed down via high taxation, then the Government can initiate a stimulation of the non-resource sector. Labor needed to introduce the initial RSPT, but didn't have the balls and what we've seen is a mild form of 'Dutch Disease' follow since.

I would think the media would play a very small part in the lack of private investment – uncertainty caused by the government would play a much larger role – the uncertainty created by the carbon tax on manufacturing and small business, the uncertainty of property market and cuts to government spending down bode well with improved private investment. To further your point on mining is it the media fault that the Government haven’t got the balls to implement a RSPT?

With a volatile climate as we see today why should the private investor keep investing when the government is cutting and running?

[redandblack]

Jimmy, he didn't keep interest rates down.

I think when he was voted out, rates were at 6.75%(?).

They're now 4.25%.

As for a sinking economy, unemployment is low, inflation is low, growth is OK, especially after a GFC and a current European meltdown.

I know it's hard giving credit where it's due, but Labor have presided over a strong economy, whatever way it's spun.

Where do I get 4.25%?

It would be nice, wouldn't it, JK

Unfortunately the banks add their margin on and so those figures are just the official rates for comparison purposes

I agree, if you can find 4.25%, let me know

[Ronnie]

no disrespect to you Quichey because you often put up excellent posts but please spare us the traditional left wing view of life that people are too stupid to think for themselves and swallow any bulldust put their way. The media would have negligible impact on people's thinking.
The left really look down on Joe Public don't they

[Psyber]

take these 10 out and what does the median look like?

Gina Rinehart $10.31 billion
Ivan Glasenberg $8.80 billion
Andrew Forrest $6.18 billion
Anthony Pratt $5.18 billion
Clive Palmer $5.05 billion
Frank Lowy $4.98 billion
Harry Triguboff $4.30 billion
James Packer $4.16 billion
John Gandel $3.45 billion
Chris Wallin $3.10 billion

However the median is not the same as the average wealth so the wealth figure may be less affected by their removal than the average wealth.
http://en.wikipedia.org/wiki/Median

...a median is described as the numerical value separating the higher half of a sample, a population, or a probability distribution, from the lower half.