Australia MIGHT go into a recession (1 Viewer)

[carrotsss]

One of the things that changed my perspective on life and the media was back in 2020 when Australia broke the record for the longest period without a recession (it was 30 years, to put that in perspective, the longest the US has gone without one is 10 years). That achievement was barely celebrated, relegated to a small paragraph on page 10 of most papers. You think that we as a country could say, "Things arent perfect, but boy what a testament to the country as a whole, governments, individuals, Australian industry etc". But no, it just came and went without much fanfare. It dawned on me that the media just peddle in misery, it doesnt matter how great things are the media will spend 99% of its time on the negative.

to be fair per capita we weren’t doing as great but yeah I do agree that the media is very negative, makes sense since nobody is going to be reading an article about how Australia continues to be doing reasonably well and be one of the best places in the world to live in

 

[SylviaB]

why did these damn americans vote trump, whats gonna happen to my precious bitcoins

are you retarded

 

[SylviaB]

I think Australia has some good fundamentals that can keep it out of a recession. At the same time, Australia does need to do more with respect to boosting private investment and private industry. The US is always considered the gold standard of attracting private investment but the instability presents a chance to start attracting some capital away from the US. The problem is the government seems to not be looking at this too hard which is a shame.

Capital to do what, exactly?

 

[SylviaB]

lmao i cannot help but think how hilarious it is to be some wealthy professional and still set aside time in your day to ragebait teens on the internet

thanks sylvia youre my inspiration

im banned from literally every other social media/forum website on the internet

 

[C2H6O]

we were discussing this in economics today
due to the tariffs and the high chance of the USA going into a recession we might go into one too

any thoughts?

also apparently Trump increased the tariffs on Canada to 50%!!! THAT'S LIKE CRAZY

omg bro i swear our generation is cooked in home ownership imma have to pay off $2 million in HECS debt due to inflation only to be able to afford a home in the outback for $10 million

 

[enoilgam]

Capital to do what, exactly?

Just to broadly expand the private sector. Realistically, the public sector has been driving growth in Australia over the past few years since COVID (noting that this is largely pushed by NDIS/Health care type spending). I think there is a golden opportunity to make Australia a bit more business friendly via deregulation or tax system changes especially with everything going on in the US.

 

[enoilgam]

omg bro i swear our generation is cooked in home ownership imma have to pay off $2 million in HECS debt due to inflation only to be able to afford a home in the outback for $10 million

My advice, dont waste time at uni on pointless degrees, stay home as long as you can (if that option is available) and be savvy with money. Getting into the market is harder than in was, but it is still do able with good money management.

 

[lunaaaa4403]

My advice, dont waste time at uni on pointless degrees, stay home as long as you can (if that option is available) and be savvy with money. Getting into the market is harder than in was, but it is still do able with good money management.

brother u probably bought a 2 story home for 3 carrots and a 12 cattle- not spending thousands of dollars on useless degrees is the bare minimum

 

[lunaaaa4403]

im banned from literally every other social media/forum website on the internet

how do you do it

 

[enoilgam]

brother u probably bought a 2 story home for 3 carrots and a 12 cattle- not spending thousands of dollars on useless degrees is the bare minimum

Im not that old...Also, I remember 10 years ago people were saying the exact same things about the property market. Im not saying its easy and for some people, their circumstances make it very hard. But for a lot of people, it is doable.

 

[lunaaaa4403]

Im not that old...Also, I remember 10 years ago people were saying the exact same things about the property market. Im not saying its easy and for some people, their circumstances make it very hard. But for a lot of people, it is doable.

no i don't remember 10 years ago i was 8

 

[lunaaaa4403]

???

edit: ohhh u put it in the quote whoops

yea lol

 

[Socialism]

yea lol

dw i gotchu i delete my message

 

[lunaaaa4403]

im too old to use these complicated apps

 

[enoilgam]

no i don't remember 10 years ago i was 8

I am an antique...

 

[C2H6O]

Also, I remember 10 years ago people were saying the exact same things about the property market.

That was probably when a house was $5000