Ms Julia Gillard (millionairesss prime minister of Ostralia), when asked just prior to signing additional loan documentation to continue borrowings in the order of abour $100 million a day, said the European nations deserved to be suffering credit downgrades; she said they had it coming because they avoided making tough financial decisions. Sarkozy (who has [...]
Entries Tagged as 'economy'
Pot Calling the Kettle Black
January 16th, 2012 · No Comments
Tags: australia · economy · europe · money · politics
Crystal Ball for Aussies
December 23rd, 2010 · No Comments
If Australians want to get an insight into how things will pan out here, they only have to look at America. Despite soaring unemployment and the 19 million Americans currently living in “deep poverty”, federal funds for the Temporary Assistance For Needy Families (TANF) program have entirely dried up for the first time since 1996, [...]
Tags: australia · economy · poverty · usa
The Great Australian Nightmare
December 23rd, 2010 · No Comments
Statistics Canada said recently that the ratio of debt to disposable income rose to 148.1% in Canada (in the third quarter), a close to five point jump and slightly ahead of the U.S. ratio of 147.2 per cent.” However, Australia has the highest household debt to disposable income ratio in the world; even higher than America; we have [...]
Tags: australia · canada · economy · housing
$ Dives While Share Market ‘Floats’
December 23rd, 2010 · No Comments
A few nights ago, the ABC’s finance reporter Alan Kohler showed how various countries’ share markets have fared over the last year. Kohler has at times proved to be incisive but in this report one must ask has he been muzzled or doesn’t he understand that share markets are just a manipulation by the system [...]
Tags: economy · global · gold · money
Lucky Country & Luck of the Irish Runs Out?
December 6th, 2010 · No Comments
Russia and China will exchange each other’s currencies to avoid the ever increasing valueless US $; Greenland, Greece, Portugal and Spain are putting a real strain on the Euro and we must be concerned with what’s happening in Ireland, as they too floated the banks out of trouble by making the public owners of the [...]
