Recession/Depression Watch

[White Indigene]

Anyone??????

No?

Lefties???, Righties???? anyone!

Gee, who woulda thunk it.



Next to watch is the G8 (Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, the United States; plus 1 - the EU).

May God bless us all.

[JW Frogen]

Deep recession for most of the West, the US, the EU, but Chinese demand will prevent a global depression, and Australia will be ok because the Chinese love our rocks. They can not get enough of this red crap.

[Don Johnson]

Vice knows no recession.

[JW Frogen]

I recently read an article that claims even Vegas' take is down.

I thought holy shit the US economy really is in trouble.

[The Marx Brother]

Deep recession for most of the West, the US, the EU, but Chinese demand will prevent a global depression, and Australia will be ok because the Chinese love our rocks. They can not get enough of this red crap.

Sounds like a Rufus T Firefly line from the movie Duck Soup.

[White Indigene]

So did Rudd get it wrong on the matter of the $10 million dollar raid on the surplus?

Probably; and the obviously instant policy on the run nature of it all, makes the matter a whole lot more serious. While the retards and daleks of Socialism were busy at the helm of the ETS scam, all at sea like drunken sailors, the economic tsunami simply swamped their simple minds. They were caught with their pants down, whilst on deck and on watch.

So, true to form, Labor called the commintern, and hauled in the ACTU and demanded a package that would save the world. And in a few days, they came up with the $10 billion dollar advise package, and the idea of guaranteeing all the deposits in banks, even huge amounts from oligarchs and the mega-rich. This guaranteed a massive influx of capital to the darstadly banks, and out of the general economy- a bad thing right now.

And so Labor recants its position once more. Making just one more non-event on Labors watch, all to the chagrin of the the spin-doctor support group who have to now constantly re-write Government lies and dangerously mistaken political positions.

But wait, theres more. No one can speak to the question of the $50 trillion in CDS (i think thats correct) lost in the economic system. Which means that the Government is lying even more, because they say the banks are perfectly safe, when in fact they most likley arent. Especially with the guaranteed deposits coming from somewheres unknown.

It seems obvious to me, that the situation is dangerously bad, and thats the only thing Labor can profess. The rest is a big load of bullshit, supported by media hype and Labor loving.

The problem lies in the natural outcomes of lying. Like trying to dig oneself out of a whole, the more Labor scratches out the truth, the more they endanger the Safety and Security of the Country.

[White Indigene]

Its virtually patently obvious that Labor is attempting to reverse engineer the money crisis package post-haste in the Parliament.

With the use of an army of spin doctors engaged in retrospective work, plus the Lenninst use of the lecturn, Labor cant help but dominate the national psyche for a time on this matter. This is reflected in the ratings; but that then makes the Labor movement a spin and poll drive Party, one only concerned with its own existence, not concerned too much with the consciousness of the rest of the non-Labor polity.

Thus the surplus money will go to Party affiliates, ACTU preffered contractors, socialist departments of the public service and relative heads, specific electorates, femminist get-power projects, and vote bying sections of the economy. Lastly, the leftovers will used be to infuse some boot sectors of the economy, but not till after Christmas.

[slimD]

Deep recession for most of the West, the US, the EU, but Chinese demand will prevent a global depression, and Australia will be ok because the Chinese love our rocks. They can not get enough of this red crap.

really? If the chinese have no market (ie the west) then their steel is worthless, therefore ozzie ore is not needed. but its all temporary. like nature, the finance world will balance itself out.

[JW Frogen]

Deep recession for most of the West, the US, the EU, but Chinese demand will prevent a global depression, and Australia will be ok because the Chinese love our rocks. They can not get enough of this red crap.

really? If the chinese have no market (ie the west) then their steel is worthless, therefore ozzie ore is not needed. but its all temporary. like nature, the finance world will balance itself out.

See, I believed this too, but the IMF thinks Chinese domestic demand combined with neighboring Asian markets are enough to keep her going. She will slow down but they are still predicting a phenomenal 9% growth rate.

And though she is holding back right now should US recession really bit her she has huge cash reserves, enough to actually help stimulate the US economy through prudent investing in institutions and funds that can stem the bleeding.

[Jovial Monk]

yeah, China will reduce imports from us by about 20%. They have a vast rural hinterland they need to bring up to the same living standards of the cities or they will lhave a civil war on their hands. One infrastructure projects I have seen planned is a railway line costing a few billion.

The ALP socialist? ahahahahahahahahah