topic Re: Congratulations, Australia! in Community Spirit

Congratulations, Australia!

***super_nova*** — Sat, 12 Oct 2013 01:31:34 GMT

We are now the richest people on the planet. Officially loaded. According to the Credit Suisse 2013 Global Wealth Report, released this week, our median wealth - $233,504 - is higher than any other country. (Granted, for those pedants who actually prefer to measure average wealth, Switzerland beats us - but we still come second! - with $425, 603.)

Re: Congratulations, Australia!

i-need-a-martini — Sat, 12 Oct 2013 01:39:27 GMT

Hello Mr Hockey??? Where are you??

Time to acknowledge the past 4 years of lies and slander me thinks...

(But I suspect he will lay very low in case someone asks him a tricky question about the economy and he accidently puts his foot in it by saying something positive about it)

Re: Congratulations, Australia!

cherry*135 — Sat, 12 Oct 2013 01:50:03 GMT

Joe is out there spouting out of date Aust growth figures.

9/10

Joe Hockey's L-plates are there for all to see

First the new Prime Minister gaffes big time over a free trade agreement with China with his “whatever we can get” kowtow.

Now the new Treasurer is promoting OLD Australian growth figures from the International Monetary Fund as fresh bad news for the economy. The L plates are being worn large this spring...........

.........Maybe Joe not only didn't believe treasury's figures, maybe he didn't read them.

..........Time to flick the switch to trying to talk the economy up, Joe, or to provide some balanced comments, instead of talking it down.

Re: Congratulations, Australia!

newstart2380 — Sat, 12 Oct 2013 01:56:50 GMT

Gosh thought by the heading you were congratulating Australia for electing a responsible government after 6 years of mess and confusion, I'm wrong but what a shame.

Re: Congratulations, Australia!

cherry*135 — Sat, 12 Oct 2013 01:58:13 GMT

Dream on, ns.

Re: Congratulations, Australia!

izabsmiling — Sat, 12 Oct 2013 02:15:04 GMT

the previous two years

http://finance.ninemsn.com.au/newsbusiness/8362821/australia-wealthiest-nation-in-world-report

2011

http://finance.ninemsn.com.au/newsbusiness/motley/8546303/australians-are-the-richest-in-the-world

2012

Re: Congratulations, Australia!

newstart2380 — Sat, 12 Oct 2013 02:27:54 GMT

@am*3 wrote:
Dream on, ns.

Oh yes but what a great dream after 6 years of nightmares

Re: Congratulations, Australia!

newstart2380 — Sat, 12 Oct 2013 02:30:08 GMT

@izabsmiling wrote:
the previous two years

http://finance.ninemsn.com.au/newsbusiness/8362821/australia-wealthiest-nation-in-world-report
2011

http://finance.ninemsn.com.au/newsbusiness/motley/8546303/australians-are-the-richest-in-the-world
2012

I said 6 years, of course there was some good ( I am not one eyed like you) but generally it was all down hill with a few hills every now and then to make us hope they were on the right track, sadly didn't happen.

Re: Congratulations, Australia!

***super_nova*** — Sat, 12 Oct 2013 02:34:50 GMT

I guess you think that Credit Suisse 2013 Global Wealth Report has just made it up? The fact is that Australians do not realise how good they had it for the past 6 years. We are spoiled brats who expect & demand more and more; well, I am sure soon we will be told to shut up by TA, as he makes sure his wealthy mates make more and more, and ordinary people get less and less.

Re: Congratulations, Australia!

the_great_she_elephant — Sat, 12 Oct 2013 02:35:07 GMT

If I remember rightly, Australia was also cited as having one of the lowest gaps between rich and poor - which to my mind is an even more praiseworthy achievement.

Re: Congratulations, Australia!

newstart2380 — Sat, 12 Oct 2013 03:45:14 GMT

@***super_nova*** wrote:
I guess you think that Credit Suisse 2013 Global Wealth Report has just made it up? The fact is that Australians do not realise how good they had it for the past 6 years. We are spoiled brats who expect & demand more and more; well, I am sure soon we will be told to shut up by TA, as he makes sure his wealthy mates make more and more, and ordinary people get less and less.

But I am not ordinary, are you ?

I did say (if you read my post) that labor did do some good but you insist blasting your message how Tony Abbott and his government will never do anything right and Labor was the saviour of our country, how do you know this and how wrong you are ? Give the LNP 6 years and see where we are, they deserve the same courtesy don't you think ?

Re: Congratulations, Australia!

*mrgrizz* — Sat, 12 Oct 2013 03:56:41 GMT

did anyone read the article?

it doesn't appear to be praising anyone

Re: Congratulations, Australia!

debra9275 — Sat, 12 Oct 2013 22:44:50 GMT

Did I hear Joe Hockey correctly this morning on radio?

That our debt has dramatically increased over the past 2 months and the govt is going to have to borrow more money to fulfil their promises???

Re: Congratulations, Australia!

catsnknots — Sun, 13 Oct 2013 00:55:11 GMT

median wealth

you do understand what that means don't you???

It does in no way indicate that it is the average income....

And then even if you do calculate the average income that does not mean the income that the majority of people have.....

then go and include the average cost of a house in Australia and compare that to the average price of a house elsewhere....

Re: Congratulations, Australia!

monman12 — Sun, 13 Oct 2013 04:20:08 GMT

SN: " We are now the richest people on the planet. Officially loaded. According to the Credit Suisse 2013 Global Wealth Report, released this week, our median wealth - $233,504 - is higher than any other country. (Granted, for those pedants who actually prefer to measure average wealth, Switzerland beats us - but we still come second! - with $425, 603.)

Now some reality SN (from the same article)!
"This figure has been almost entirely driven by the fact that property prices have risen here, while they have slumped in the US and Europe."
The Economist
Australian house prices remain the most overvalued in the world, according to the latest quarterly ranking of global house prices .
Couriermail
HOUSE prices in Australia remain among the most unaffordable in the developed world.

SO SN we are asset "rich" because we have very expensive "bricks and mortar" as a result of a few years of ALP policies, and 8 reductions in interest rates to a record low of 2.5% as the RBA attempts to balance those policies.

A far more meaningful comparison than quoting assets, is disposable household income, meaning what you actually have in available currency to spend, rather than a pile of bricks. Research and let us know what you find on a global basis SN.

Finally looking ahead!!

Roy Morgan
Australian businesses clearly expect the change in government to improve the fortunes of the economy over the coming year, and consequently believe conditions are now more favourable to invest in growing their business.

Market Watch Oct 2103
Australian business confidence rose to its highest level in three-and-a-half years following the election of a conservative government, widely seen as more capable of managing a slowing economy as a long mining boom fades

BRW: "The post-election surge in business confidence has continued into October, with the latest monthly business survey from NAB showing confidence hits its highest point since March 2010."

Re: Congratulations, Australia!

para-sights — Sun, 13 Oct 2013 04:32:24 GMT

Looking ahead is showing that business is only cautiously optimistic.

Re: Congratulations, Australia!

monman12 — Sun, 13 Oct 2013 07:26:08 GMT

PS: "Looking ahead is showing that business is only cautiously optimistic."

After a few years of ALP policies to overcome/change, one can hardly blame them, meanwhile some can congratulate themselves on having the most expensive bricks in the world.