Force will face challenge of European exodus

[fulvio sammut]

What TOCC said.

You coming to the Quiz Night BDG?

We could do with some Nedlands blue blood "establishment" money to top up the coffers for our indigent wharf labourers.

Maybe we could then lend some to the Force to help pay Tim Johnson's debt to Gitteau, as you suggest.

[TOCC]

& meanwhile the aussie dollar has reduced value V thegreenback by over 20 cents in the past month
get real TOCC

as opposed to the euro which has also fallen 25c against the greenback since July...

I mean do you seriously believe australia is in a worst position then Europe?

let me put a few things in perspective for you, the Irish stock exchange has dropped 75% over 12 months they are also in a recession, the british economy has had 0.0% growth and are on the verge of a recession with rising unemployment and falling GDP growth, France are already in a recession meaning they have had negative growth.

The australian unemployment rate is 4.2%, the british are 5.5%, france are up around 8.7%

Also to note is the fact that the world is in a financial/credit crisis at the moment, yet out of the 18 AA rated banks in the world Australia has 4. Australias financial system is regulated much tighter in comparison to Europe and America which means we have avoided most of the hurt from the credit crunch.

There you go guys...that explains the lack of Magners in Perth last month.

yeah well anyone with a remote understanding of ecomics will be able to tell you that a trade surplus is a massive boost to the economy, in comparison to the 11 billion pound defecit that the British economy had.


Dont get me wrong, i am not saying that Australia is immune to the current crisis, but we are definetly not as exposed to it as the European and US markets are, also things like our current interest rate gives us room to move and boost/encourage growth again. With the US and Japan at 2 and 0.5% respectively they are very limited in what they can now do to boost the economy, Australia is sitting on 6% after the drop yesterday and has a lot of room to move in terms of boosting the economy.

[fulvio sammut]

What's dat cloud of dust Ma?

Nuttin' Son, jerst dat no good Broken Down Gunfighter headin' fo' de hills, wid th' Sherriff of Toccville an a posse of facts a runnin' him outa town.

[brokendown gunfighter]

this could be the last stand at the OK corraI,I'll go down blazing