Gerard Minack on Lateline (Australia)
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we had a surplus of 20 billion in 2008, now after Rudd stimulus we now owe 100 million in interest due every day! how is that sound economics? utility prices up food prices soring! as an individual owing $100,000 to stimulate my domestic economy i borrowed $500,000 how the hell is that sound economy! climate change economy is the biggest con,one child policy, ecological rating sticker on your house costing $1500 a year, $800 carbon tax per child per year dont thing the greens are going to help!
esther19741974 1 year ago
I heard that if someone emigrateds to Australia, you can transfer your good credit rating when you apply for new credit cards. Is that true?
whereismybailouttv 1 year ago
Only Australia has negative gearing. No other nation.
gilluminati 1 year ago
We must admit that Australia is in a massive price bubble and is over due for correction.Remember that a super power can fail and fall . So what makes Australia so special
hanvo216 1 year ago
The whole Housing market is there to support the Banks. Why anyone would wanna borrow money is beyond me. Its a Pyramid system of credit that will collapse and leave most people with large loans Bankrupt. The rest of the discussion is just
a waste of time .
Easydollars 2 years ago
Gerard Minack has been calling a bear market since 2005. Mind you he was very accurate last year. This is all doom and gloom- Australia will turn around with low interest rates, there is always a positive multiplier effect, it just takes 6 months to kick in.
dstoji 2 years ago
Crash Baby crash, create my tears of joy! Homeless bum.
sighbaru 2 years ago
De-coupled from the US!? If only...
portantwas 3 years ago
Wow! Doom and gloom! Sell your houses before it's too late.
noraklagrangian 3 years ago
Awesome. Thanks for this
photoshopdepth 3 years ago