jarrody2k wrote:
downix wrote:
dammy wrote:
While the US licks its economic wounds
I don't think so.
Dammy
Who needs OS4?
Um, dammy. The GDP grew at 3.5%, while inflation was at 4%, which mean a let loss of half a percent.... End result, the economy continues to shrink, has for the past 6 years. Add in the devaluation of the dollar, and we're looking at double-digit inflation rates, properly.
My post and Dammy's response is now a year old. I'd like to gloat about how right I was that China was about ready to kick US economic ass, but unfortunately Australia's economy is also intrinsically linked with the US. I'm sure the aftershocks of the recent US correction will translate locally in the coming months. Though I will hope for the opposite.
Jarrod
Our best hope is that the stock market can figure out that it is messing itself up through their attempt to "buy/sell/trade" commodities like housing, stock flips, etc. To be stable, to gain real long term returns, any good stock investor will tell you to buy for the long term. But the current trading practices are not designed for that, and look at the mess they're in. *shrug*
One way or another they will be forced to change their ways.
