Comments on: Is Australia In Recession? http://www.bobinoz.com/blog/536/is-australia-in-recession/ What it's Really Like Living in Australia Wed, 08 Feb 2012 23:47:15 +0000 hourly 1 http://wordpress.org/?v= By: BobinOz http://www.bobinoz.com/blog/536/is-australia-in-recession/#comment-14546 BobinOz Mon, 06 Feb 2012 11:00:24 +0000 http://www.bobinoz.com/blog/?p=536#comment-14546 I think it has been scientifically proven that people who do not read papers or listen to the news are 57% happier than those that do. Well, I just made that up, but I bet it's not far off :-) I think it has been scientifically proven that people who do not read papers or listen to the news are 57% happier than those that do.

Well, I just made that up, but I bet it’s not far off :-)

]]> By: Kathryn http://www.bobinoz.com/blog/536/is-australia-in-recession/#comment-14522 Kathryn Wed, 01 Feb 2012 14:28:33 +0000 http://www.bobinoz.com/blog/?p=536#comment-14522 I agree, Bob. We all want the UK and Europe to boom as a healthy "world" economy will benefit us all in the long run. When I was in Europe recently I noticed a lot of people (in the UK and througout Europe), eating out, going to the movies, travelling and generally enjoying life. You have to wonder if things are REALLY as bad as the media like to make out .... I hope not. How much of the world's woes are generated by the doom and gloom one reads in the media? I agree, Bob. We all want the UK and Europe to boom as a healthy “world” economy will benefit us all in the long run. When I was in Europe recently I noticed a lot of people (in the UK and througout Europe), eating out, going to the movies, travelling and generally enjoying life. You have to wonder if things are REALLY as bad as the media like to make out …. I hope not. How much of the world’s woes are generated by the doom and gloom one reads in the media?

]]> By: BobinOz http://www.bobinoz.com/blog/536/is-australia-in-recession/#comment-14520 BobinOz Wed, 01 Feb 2012 13:56:34 +0000 http://www.bobinoz.com/blog/?p=536#comment-14520 What is interesting is that this article is almost 3 years old now. Yet we are still wondering whether Australia is in recession or not, and I agree with you Kathryn, we are not. We weren't three years ago, we haven't been during the last three years, and we are not now. But things have definitely slowed down a great deal. As for the rest of the world though, particularly Europe and the USA, they are "having it tough" as we Australians say. We live in a very fragile economic world at the moment, who knows what will happen next. But at the moment, Australia isn't doing too badly. Let's hope all the gloom and doom talk elsewhere is wrong and things start to pick up for everyone sometime soon. What is interesting is that this article is almost 3 years old now. Yet we are still wondering whether Australia is in recession or not, and I agree with you Kathryn, we are not.

We weren’t three years ago, we haven’t been during the last three years, and we are not now. But things have definitely slowed down a great deal.

As for the rest of the world though, particularly Europe and the USA, they are “having it tough” as we Australians say.

We live in a very fragile economic world at the moment, who knows what will happen next. But at the moment, Australia isn’t doing too badly. Let’s hope all the gloom and doom talk elsewhere is wrong and things start to pick up for everyone sometime soon.

]]> By: Kathryn http://www.bobinoz.com/blog/536/is-australia-in-recession/#comment-14513 Kathryn Wed, 01 Feb 2012 07:40:52 +0000 http://www.bobinoz.com/blog/?p=536#comment-14513 No, I don't believe Australia is in a RECESSION but some things, like real estate, have slowed down a bit (in some areas). Australia's economy is currently one of the most buoyant in the western world mainly because China is buying up our resources like there is no tomorrow. What happens in Europe will only have a moderate knee jerk affect on us but Australia will have the capacity to get over it quickly. Quite simply, Australia does not rely on Europe for much of anything these days as we now realise that we are AustralASIAN - geographically, financially and psychologically. I really believe that the large majority of Australians SEE our country as Asiatic and our links to Britain (beyond the sentimental and historical) are getting more and more remote. Australia is no longer the country it was in the 1950-1970's. However, on the other hand, what happens in the USA, of course, WILL (most definitely) have a more considerable affect on us because America is the world's largest market and if it is "sick", we are likely to catch a cold. The MAJOR issue is if China goes down .... If the dragon falls, we will go down with her because that country (along with Japan) are our biggest customers. The rise of the Aussie dollar is great for Australians travelling overseas but is not kind to our export markets. The world gets smaller and smaller and, quite frankly, I don't think any country is in isolation but we are the "lucky country" that has managed to weather the last economic dip successfully - hopefully, we will be able to ride the next storm. No, I don’t believe Australia is in a RECESSION but some things, like real estate, have slowed down a bit (in some areas). Australia’s economy is currently one of the most buoyant in the western world mainly because China is buying up our resources like there is no tomorrow. What happens in Europe will only have a moderate knee jerk affect on us but Australia will have the capacity to get over it quickly. Quite simply, Australia does not rely on Europe for much of anything these days as we now realise that we are AustralASIAN – geographically, financially and psychologically. I really believe that the large majority of Australians SEE our country as Asiatic and our links to Britain (beyond the sentimental and historical) are getting more and more remote. Australia is no longer the country it was in the 1950-1970′s.

However, on the other hand, what happens in the USA, of course, WILL (most definitely) have a more considerable affect on us because America is the world’s largest market and if it is “sick”, we are likely to catch a cold. The MAJOR issue is if China goes down …. If the dragon falls, we will go down with her because that country (along with Japan) are our biggest customers.

The rise of the Aussie dollar is great for Australians travelling overseas but is not kind to our export markets. The world gets smaller and smaller and, quite frankly, I don’t think any country is in isolation but we are the “lucky country” that has managed to weather the last economic dip successfully – hopefully, we will be able to ride the next storm.

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