From the Daily T:
www.news.com.au/finance/money/starvation-nation-parents-going-hungry-to-feed-their-kids/news-story/e7c0977d11c3b8b4758d91808438366b
Damn, I find those stats hard to believe. I sure hope it's nowhere as bad as it states in there. 1 in 10 would already be way too many.
Another stupid story on News.com. That site is working it's way towards being the online Today Tonight. ![]()
Actually as I said the source was DT: www.dailytelegraph.com.au/nocookies?a=A.flavipes
Different babloid, same difference.
Still, do youz really know that many people in such dire straits? From my point of view (for when I'm in town), it's more like 1-in-20, but I'm sorta stuck in my little world...
funniest thing i saw the other day in the city some homeless guy fishing a smoke butt other of the gutter while talking on his mobile phone!
I think many people today dont understand what needs and wants are
Didn't read the article or links, but unless a lot of people keep separate savings accounts, there are a lot of people out there with only a couple of hundred dollars to keep them going between pays, going by the atm printouts they leave behind.
I got asked for 2 bucks by a drunken indigini last week in freo, he stunk like a bottle of wild turkey, he was about to say "I need something to eat" when I just gave him a blank look in the eye, he then relented and said "ok I need a drink" whilst chuckling at his earlier BS story, I gave him $4 for his honesty.
With the signal to globalist to divest from China, it look like it's only a matter of months before China has it's turn in the hot seat.
What does this mean for us? Well property prices will begin bigger slides, but it also means our resources are headed down.
Baltic Exchange Dry Index has just ticked down sharpish, US and Chinese inventories are way up.
If I owned any I'd be selling my property and resource stocks now.
I guess unemployment will started heading up after Christmas and they should all
Finance (limited Euro breakup, China banking crisis)
Retail decline
Unemployment
Realestate
Resources
CO tax
Inflation (China will have to revalue the Y, US$ will flood back, A$ decline)
converge around September 2012.
So unfortunately it's not looking good.
Does anyone see a good path forward?
How can we enhance our standard of living?
www.whocrashedtheeconomy.com/
I should also add that with higher inflation the RBA will most likely have to raise interest rates.