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Team Manager

4350 Posts
joined 19 Jun 11


Posted - 27 Nov 2019 :  17:02:24  Show Profile Send oldtimer a Private Message  Reply with Quote Copy this URL to Link to this Reply
Some recession.

Most Australians saw their super funds return 14 per cent over the year so far, with hopes high for a double-digit end to 2019.

A two-figure return for the 2019 calendar year for the growth option chosen by most fund members would mark the tenth positive year of returns in the last 11 years, according to research house Chant West.

The high performance has been driven by strong returns on global stock markets.

Australian shares were up 18.9 per cent for the calendar year while the US Dow Jones Index was up 19.2 per cent and the UK FTSE index was up 7.1 per cent despite concerns around Brexit.

The secret of life is honesty and fair dealing. If you can fake that, you've got it made.
Groucho Marx
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Team Manager

13431 Posts
joined 06 Feb 04


Posted - 14 Dec 2019 :  15:18:48  Show Profile Send bigcol a Private Message  Reply with Quote Copy this URL to Link to this Reply
Only things that saved us from a recession is the Iron Ore prices.
Other than that retail is in a recession
Unemployment is up. Under employment is up
Wages flat lined and even more immigrants putting pressure on wages
All the experts have said we are in a per capita recession.

But the self promoting we are better financial managers are in power so running the economy into the ground seems ok to some

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Team Manager

2112 Posts
joined 12 Dec 09


Posted - 16 Dec 2019 :  15:01:53  Show Profile  Visit tommo11's Homepage Send tommo11 a Private Message  Reply with Quote Copy this URL to Link to this Reply
Things are better in WA compared to the start of the year where it was definitely recession, but it is only relative. Our state government, a centrist Labor government have been ok, but lucky with the iron ore price. They will get another term easily.

The RBA keep banging on about wanting the dollar lower but since we import all of our finished goods, it is a consumer consumption killer. Things that were cheaper 6 years ago are now being priced out of range. Vehicle sales will continue to fall off a cliff, sales of tech, clothing and other goods will suffer and consumption as a percentage of GDP will continue to suffer, especially with minimal wage growth to go with it.

2019 Fantasy League Overall Champion ;)

Edited by - tommo11 on 16 Dec 2019 15:03:10
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