We live in a special time. Living in these turbulent economic times is a time when fortunes will be made by those who grab the opportunity by the tail, and not be put off by the fear. I have always said that it is the time where the divide between the rich and the average Australian is going to widen into a gaping chasm.
Yet Australia still is the land of opportunity and becoming wealthy is not just a dream but can become a reality for those who have courage and foresight to take steps to better their situation in life by acting NOW.
Look
learn
discern
leap
Wednesday, January 20, 2010
Monday, January 11, 2010
2010 property growth
Tony Richards, the reserve banks head economic analyst warns that 2010 may be the setting for a housing bubble if supply does not keep up with the growing population. Housing prices may move towards “undesirably” strong growth. He also warned rising housing prices may not accurately reflect the wealth of the nation, as continued growth would put housing affordability out of reach for many people. "When the price of housing rises, higher-income houses tend to benefit at the expense of lower-income households," he said. In this situation very strong growth in housing prices become unhelpful from a social perspective. He made the bold statement ''Nevertheless, if housing affordability is a concern, it will be necessary to keep working to reduce impediments to the construction of new housing, both inside our cities and at the fringes.'' What we are seeing is a lack of supply. Prices have been resilient, but the supply is not keeping up with growing demand which is causing the problem, and we will see inflationary pressure arising. And from personal experience the greatest impediments to the construction of new housing are the local councils who want to wield their powerstick at times in non rational ways.
A cautionary note: If we get this wrong there is a big economic risk
A cautionary note: If we get this wrong there is a big economic risk
Sunday, January 10, 2010
2010 world breaking point
A new year, a new decade has begun so its worthy of a new blog entry.
Life has been tiring and much has happened.
2009 has been a time when some have succeeded, some floundered and some have just about given up. I will post a short forcast for 2010.
2010 - A Breaking Point for Whole World?
Question:Is it possible that in 2010 that USA will be as badly off as Argentina was a decade ago?
Answer: Argentina's debts were not as bad as those of the USA, they were not fighting in foreign countries and depleting their treasury as the US, nor were they an empire.
The worst news is that when America crashes, no one around the world should be happy about it because this is going to affect the entire planet. It’s kind of like the collapse of the Roman Empire that was followed by a Dark Age in the economy. There is no one there to fill the vacuum. China is not going to emerge, as the Trends Journal see it, as a great power. They have 1.3 billion people and a million problems! In 2008, the last numbers that came out, China had 70,000 major riots and disturbances. What are they going to do when people are thrown out of work by the hundreds of millions because the world is not buying cheap Chinese imports which have been flooding the planet to date?
Be prepared, this is going to be a very de-stabilizing period worldwide.
Life has been tiring and much has happened.
2009 has been a time when some have succeeded, some floundered and some have just about given up. I will post a short forcast for 2010.
2010 - A Breaking Point for Whole World?
Question:Is it possible that in 2010 that USA will be as badly off as Argentina was a decade ago?
Answer: Argentina's debts were not as bad as those of the USA, they were not fighting in foreign countries and depleting their treasury as the US, nor were they an empire.
The worst news is that when America crashes, no one around the world should be happy about it because this is going to affect the entire planet. It’s kind of like the collapse of the Roman Empire that was followed by a Dark Age in the economy. There is no one there to fill the vacuum. China is not going to emerge, as the Trends Journal see it, as a great power. They have 1.3 billion people and a million problems! In 2008, the last numbers that came out, China had 70,000 major riots and disturbances. What are they going to do when people are thrown out of work by the hundreds of millions because the world is not buying cheap Chinese imports which have been flooding the planet to date?
Be prepared, this is going to be a very de-stabilizing period worldwide.
Sunday, December 27, 2009
Women Entreperneurs~a growth industry
Australian women entrepreneurs are growing rapidly according to statistics.
Women are adding 'entrepreneur' to their daily list of chores by running small businesses from home.
A businesses can take 3 or 4 years to start up, and during this time may barely break even and can be most discouraging for the new entrepreneur who is wondering why things aren't going the way they imagined and the big moneyisn't coming in.So its important to have a back-up plan in case the business doesn’t catch on as quickly as you imagined. Being your own boss carries the responsibility that leaves only you to worry about financial position.
Facing your challenges whether they be financial or promotional will provide you with rewards of completely owning your own business and this is a priceless experience. Just be sure to keep it all in perspective; most women entrepreneurs don’t own Fortune 500 companies. Don’t be afraid to allow your business to stay small rather than stretching your limits to grow.
Remember, the best way to keep your motivation up and continue in positive progress is to get support by joining networks such as http://oz-entrepreneurs.blogspot.com/, flyingsolo.com.au, entrepreneur.com or we-inc.org (Women Entrepreneur, Inc.) to get helpful tips, support, encouragement and network with other female entrepreneurs.
Women are adding 'entrepreneur' to their daily list of chores by running small businesses from home.
A businesses can take 3 or 4 years to start up, and during this time may barely break even and can be most discouraging for the new entrepreneur who is wondering why things aren't going the way they imagined and the big moneyisn't coming in.So its important to have a back-up plan in case the business doesn’t catch on as quickly as you imagined. Being your own boss carries the responsibility that leaves only you to worry about financial position.
Facing your challenges whether they be financial or promotional will provide you with rewards of completely owning your own business and this is a priceless experience. Just be sure to keep it all in perspective; most women entrepreneurs don’t own Fortune 500 companies. Don’t be afraid to allow your business to stay small rather than stretching your limits to grow.
Remember, the best way to keep your motivation up and continue in positive progress is to get support by joining networks such as http://oz-entrepreneurs.blogspot.com/, flyingsolo.com.au, entrepreneur.com or we-inc.org (Women Entrepreneur, Inc.) to get helpful tips, support, encouragement and network with other female entrepreneurs.
Wednesday, December 2, 2009
interest rates increase 3 consecutive months
yes, they have THREE months in a row!!
this is a really great way to destroy an economy that has not stabilised.
way to bring the country down Reserve bank of Australia. is there a hidden agenda in there that is not as noble as one would expect?
this is a really great way to destroy an economy that has not stabilised.
way to bring the country down Reserve bank of Australia. is there a hidden agenda in there that is not as noble as one would expect?
Thursday, September 17, 2009
Will reserve bank increase rates soon?
The Reserve Bank has given borrowers just months to get their affairs in order before a rate rise, declaring that the present low interest rates are appropriate only ''for the time being'', a qualification absent from its previous announcements and designed to indicate that a rate rise is imminent.
Treasurer Wayne Swan yesterday accepted the inevitability of a rate rise, telling reporters in Canberra ''rates are at emergency levels right now and, of course, at some stage in the future, they can be expected to move''.
The statement released after yesterday's board meeting also replaced the usual reference to the need to ''monitor conditions'' with a reference to the need to ''continue to adjust'' monetary policy, the first such reference since rates were last moved in April.
Opinion among analysts yesterday coalesced around a rate rise at the bank's November Melbourne Cup day meeting followed by another in December, pushing the bank's cash rate up from its historic low of 3 per cent to 3.5 per cent, and pushing the standard variable rate to 6.3 per cent, adding $90 per month to the cost of servicing a $300,000 mortgage.
The board of the bank is itself uncertain about the timing of the rise, but has not ruled out an earlier one next month if economic data continues to surprise on the upside.
The bank will be paying special attention to the economic growth figures for the June quarter to be released today and to the August employment figures to be released on Thursday next week as it searches for signs of a even stronger than expected recovery.
It believes Australia's economy is already performing more strongly than it expected, enabling it to move rates away from their present ''emergency setting'' in the months ahead.
If it sees signs that the economy is even stronger, it will remove the low rates more quickly. Only serious signs of renewed weakness would encourage it to leave rates at their present 50-year lows.
The bank was buoyed yesterday by news of a further 7.7 per cent increase in building approvals in July, the fifth such increase in six months. In Victoria, approvals surged 9 per cent, spurred by a 48 per cent jump in approvals for new apartment buildings.
Trade figures showed Australia's export income tumbling 13 per cent in the June quarter on the back of sharply lower prices, but export volumes were up an encouraging 1 per cent and import volumes up 2 per cent.
Mr Swan said the figures highlighted the fragility of Australia's economic recovery and cast doubt on whether today's economic growth figure would be positive. '
'We certainly hope it will be positive,'' he said. ''But what these figures absolutely underscore is the importance of keeping in place our economic stimulus.
If the stimulus were withdrawn now, as the Opposition wants, that would be a recipe for much higher unemployment.
There can be no room for complacency in the global environment in which we find ourselves.''
so the honeymoon period for property is looking like its drawing to "business as usual" for banks, stuff the investor who puts their neck on the financial guillotine in more ways than one. this attitude by Australian banks needs to cease and decist. Those who take risk are to be incouraged not cut down (LT)
Treasurer Wayne Swan yesterday accepted the inevitability of a rate rise, telling reporters in Canberra ''rates are at emergency levels right now and, of course, at some stage in the future, they can be expected to move''.
The statement released after yesterday's board meeting also replaced the usual reference to the need to ''monitor conditions'' with a reference to the need to ''continue to adjust'' monetary policy, the first such reference since rates were last moved in April.
Opinion among analysts yesterday coalesced around a rate rise at the bank's November Melbourne Cup day meeting followed by another in December, pushing the bank's cash rate up from its historic low of 3 per cent to 3.5 per cent, and pushing the standard variable rate to 6.3 per cent, adding $90 per month to the cost of servicing a $300,000 mortgage.
The board of the bank is itself uncertain about the timing of the rise, but has not ruled out an earlier one next month if economic data continues to surprise on the upside.
The bank will be paying special attention to the economic growth figures for the June quarter to be released today and to the August employment figures to be released on Thursday next week as it searches for signs of a even stronger than expected recovery.
It believes Australia's economy is already performing more strongly than it expected, enabling it to move rates away from their present ''emergency setting'' in the months ahead.
If it sees signs that the economy is even stronger, it will remove the low rates more quickly. Only serious signs of renewed weakness would encourage it to leave rates at their present 50-year lows.
The bank was buoyed yesterday by news of a further 7.7 per cent increase in building approvals in July, the fifth such increase in six months. In Victoria, approvals surged 9 per cent, spurred by a 48 per cent jump in approvals for new apartment buildings.
Trade figures showed Australia's export income tumbling 13 per cent in the June quarter on the back of sharply lower prices, but export volumes were up an encouraging 1 per cent and import volumes up 2 per cent.
Mr Swan said the figures highlighted the fragility of Australia's economic recovery and cast doubt on whether today's economic growth figure would be positive. '
'We certainly hope it will be positive,'' he said. ''But what these figures absolutely underscore is the importance of keeping in place our economic stimulus.
If the stimulus were withdrawn now, as the Opposition wants, that would be a recipe for much higher unemployment.
There can be no room for complacency in the global environment in which we find ourselves.''
so the honeymoon period for property is looking like its drawing to "business as usual" for banks, stuff the investor who puts their neck on the financial guillotine in more ways than one. this attitude by Australian banks needs to cease and decist. Those who take risk are to be incouraged not cut down (LT)
Saturday, June 6, 2009
Salamander
Starting a series of "Salamander" posts.
Why "Salamander"?
well, the mythological aspect of the salamander is the creature that comes out of the fire, much like the phoenix the bird that rises out of the ashes.
The economic time we are in is that fire that tempers the soul and pushes one to greater depths of despair or greater heights of ascension.
So, the information is for those who want to succeed in adversity.
That's me.
Is that you?
If your answer is yes, then join me on this journey....
Why "Salamander"?
well, the mythological aspect of the salamander is the creature that comes out of the fire, much like the phoenix the bird that rises out of the ashes.
The economic time we are in is that fire that tempers the soul and pushes one to greater depths of despair or greater heights of ascension.
So, the information is for those who want to succeed in adversity.
That's me.
Is that you?
If your answer is yes, then join me on this journey....
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