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Speed6

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With the global financial market instability more than ever, are we heading for another GFC?
 

Chronost

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Market instability does not equal GFC (it can, but a range of factors actually cause a prolonged version like the GFC), fundamentals also need be hit hard and right now I think we're treading along just fine unless some major event happens.
 

RenegadeMx

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good time to see how everyone becomes an expert in economics
 

Trebla

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Two things to consider are
- the probability our economy will be tested hard; and
- IF it happens how big the impact/damage would be

At the moment, the general consensus is that the probability is quite low but it is on the way up if things don't improve as they currently are. So from that perspective, we are okay for now.

However, IF the economy gets hit hard (because a small probability does not imply it won't actually happen) then the impact will be significant because Australia is in a vulnerable place right now. We no longer have the tools that saved us from the GFC last time (high interest rates, budget surplus, mining, China).
 

wannaspoon

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With the global financial market instability more than ever, are we heading for another GFC?
No, there's a game to be played, they (those who are good with money), are playing it...

The fall in commodities is only a byproduct of this game... (Those who are good with money want a finger in the commodities markets, they will sink the ship for the purposes of gaining its treasures, so to speak)
 
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