Australians are like dependent fleas. ************************************************* 1/20/2013 Eviction Notice
http://www.cafepress.com/rightwingmike/6169336 --- On Tue, 2/17/09, Geoff Flight <data...@adam.com.au> wrote: > From: Geoff Flight <data...@adam.com.au> > Subject: RE: [OT] Australian Government To Regulate Private Regularity > To: "'ProFox Email List'" <profox@leafe.com> > Date: Tuesday, February 17, 2009, 7:19 PM > Yes. If you read the article it refers to our economic > problems entirely due > to a drop in exports to other countries that are > experiencing recession as > well as a chronic shortage of credit to fund business > growth. IN other > words, all external influences. > > And thanks for all that by the way. Im sure our unemployed > will be very > grateful for the recession you foisted upon the entire > world! > > -----Original Message----- > From: profox-boun...@leafe.com > [mailto:profox-boun...@leafe.com] On Behalf > Of Ricardo Aráoz > Sent: Wednesday, 18 February 2009 10:31 AM > To: ProFox Email List > Subject: Re: [OT] Australian Government To Regulate Private > Regularity > > Bob Calco wrote: > >> Mock all you like but our economy is superb and > yours is on the brink > >> of > >> total collapse. It is just possible we know > something you don't. > >> > >> > > > > And now for ... the rest of the story ... > > > > http://tinyurl.com/avtnzt > > > > - - - > > The Australian economy, once considered a relatively > save haven, is headed > > for a steep downturn in 2009, in part because of > slower-than-expected > growth > > in China, a leading forecaster said Monday. > > > > In a starkly worded quarterly outlook report, the > Australian research firm > > Access Economics warned that the mining-led economy > "will unwind scarily > > fast" in 2009, sending the Australian dollar and > interest rates crashing. > > > > "This is not just a recession," the report > said. "This is the sharpest > > deceleration Australia's economy has ever > seen." > > > > The report predicted that the central bank would be > forced to cut interest > > rates to 2.5 percent, from 4.25 percent, to stimulate > growth. > > > > About 300,000 jobs will be lost and corporate profits > will be cut in half, > > it said. > > > > "China's slowdown is Australia's > recession," the report said. "Many > > businesses will fail, as demand gains shrink." > > > > ... > > > > "The bottom line is that I would be expecting the > I.M.F. to be downgrading > > its outlook for Australia," Mr. Smirk said. > > > > Wayne Swan, the Australian treasurer, said the > government, which has > already > > thrown billions of dollars in stimulus money at the > economy, was prepared > to > > "take further decisive action" if necessary. > > > > But how much more leeway Mr. Swan will have is open to > debate. > > > > - - - > > > > Glad y'all got that figured out. > > > > The only difference I see is you *had* political > pressure to keep deficit > > spending to a minimum. We've had the opposite. > Otherwise I see pretty much > > the same problems manifesting. > > > > - Bob > > > > > Oh! And the tiny little fact that it was YOUR economy that > triggered > this whole thing. > > > > --- StripMime Report -- processed MIME parts --- > multipart/alternative > text/plain (text body -- kept) > text/html > --- > [excessive quoting removed by server] _______________________________________________ Post Messages to: ProFox@leafe.com Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/191656.18077...@web31402.mail.mud.yahoo.com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
