economic crisis - fact or fallacy

h · 2009-04-07T00:03:09+00:00

hey all this talk of doom and gloom the world over has been seemingly endless so got me wondering how it has affected you? good or bad from different parts of our 'lucky' country any thoughts of impacts that you have/are experiencing that may be of interest put em up here for discussion cheers paul (lets just not turn this into a political s#it fight as this is not what this thread is intended to be.. cheers) i'll start by looking at my work, i work for a massive multi-national company the world over and many employee's around our country now are doing it tough (over 50% pay cut) and many casuals sacked. A lot of clients now have been concentrated to only one or two states in oz, and thus having a massive impact on my work mates and their families, but where i am, it was quiet but now is seemingly busy, however this may change in a few days, the nature of the industry (but why worry about something that i have no control over me thinks) its obvious that many peeps are now holding their spending back as imports into oz have certainly declined coupled with the ongoing drought has a major effect on exports eg.grain etc on the other hand a positive i see is the price of real estate has become seemingly more affordable with over inflated prices heading south.. however this effects values so all of a sudden most of us are all much poorer than this time last year if you have a home + i suppose my spending on my vws has been dented too as the exchange rate is not in our favor atm, but then again in 6 months time who knows where it will be..?? just a few observations maybe if it just rains in more that one or two concentrated areas of oz everything will come up roses and the mighty Murray will flow again

amazeer Bishop of Volkswagenism

3,029 posts · joined Nov 2005 · 10 Apr 2009, 11:29 pm

#706326

I have a plan. Make exit fees for mortgages illegal. That way you'd be able to move on if you were being rorted. If you had a mortgage with NAB you could move over to CBA to at least get your 0.1%. Without competition, we're always going to get smashed. At the moment they pretty well know that once they have you, they've got you gripped firmly by the goolies.

MickH Hairy Gutted Sloth

3,389 posts · joined Sep 2003 · 11 Apr 2009, 8:18 am

#706352

Wasn't there talk of them doing this last year to the exit fees??? Hmmmmm...wonder what happened

tssnq.com.au

psimitar Son of Jim - Creator of Good

2,506 posts · joined Jan 2009 · 11 Apr 2009, 8:42 am

#706356

bajachris88 wrote:Can we just light up our torches, steal a boat and head over to america to take over them for a change?

I suggest we start at hawaii... cause its awesome...

Then make our way to the south, and work our way up!
(the illegally immigrated mexicans can give us a hand while we are there)...

what an excellent idea 🙂 when would you like to leave. I am free from tuesday onwards 🙂

madness is in the eye of the beholder 👍

RED62E Officially Full-On Dubber

228 posts · joined Feb 2008 · 12 Apr 2009, 7:13 am

#706504

A guy I work with just applied to refinance after buying out his ex wife.
He was ahead on his mortgage since the split.
Has $50k in savings.
Has the income to manage the repayments and was rejected by his current bank.
The problem was that he has a credit card with a $17k limit.
The card actually owes him $100.
He has found a new bank to take his money now.

We recently applied to refinace as we found out during the finiancial frenzy that our brokered loan is with GE. Were told something completly different when we signed up. (Borrower beware).
Anyway we go through this process of a refinace application. Now this application is only available to the few not the majority of the population. So after 3 months we find out we don't qualify for refinance but if I want to buy again no problems.
Still with GE till the wife gets back to full time work after being on workers comp for so long.

She is in real estate and was sent to an office that was described as hopeless with no future and the Company were going to close it. She knows her stuff and with the one agent left bumped up his listings and enquiries to the extent another agent has been placed in the office and they are taking on a rent role once more. Amazing what can be done with the drive to do well. Now if only I could convince her that she should be making the money for herself and allowing me to stay at home and give up my job with the State. lol😂

amazeer Bishop of Volkswagenism

3,029 posts · joined Nov 2005 · 12 Apr 2009, 10:20 am

#706527

wonder if cadbury will hit an economic crisis point today.

h fractals - an ever changing lifestyle

7,671 posts · joined Feb 2005 · 12 Apr 2009, 10:25 am

#706528

cadbury schweppes = foreign owned 🙁
there is better tasting choc out there rather than the floor sweepings melting down for glass and a half
im as guilty as nearly everyone today as i got choc made in the EU.. hmmm mmm tastes good

fractal geometry; the inner most limits of mind altering abuse

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Z = Z2 + C1/r = 1/0 = infinity

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rose doin it for d girls

2,036 posts · joined Dec 2004 · 12 Apr 2009, 10:31 am

#706531

wtf my coles brand chocky is made in Belgium.

amazeer Bishop of Volkswagenism

3,029 posts · joined Nov 2005 · 12 Apr 2009, 10:43 am

#706534

its ok. cadbury provide aussie jobs. sugar farmers, dairy farmers, truck drivers, train drivers, accountants, paper mills printers, fitters, cleaners, electricians, labourers, marketing... All adds power to the big merry go round

psimitar Son of Jim - Creator of Good

2,506 posts · joined Jan 2009 · 12 Apr 2009, 1:16 pm

#706552

h wrote:cadbury schweppes = foreign owned 🙁
there is better tasting choc out there rather than the floor sweepings melting down for glass and a half
im as guilty as nearly everyone today as i got choc made in the EU.. hmmm mmm tastes good

oddly enough Aussie cadburys tastes very different from UK cadburys. I have been told its because of some agent to stabilise the Oz choc in the heat but yea Euro choc tastes much nicer. Go Lindt 🙂

madness is in the eye of the beholder 👍

mountainbug LindaLop

183 posts · joined Nov 2002 · 13 Apr 2009, 8:10 pm

#706730

I lost my job 10 weeks ago, Employed for the last 32 years. I'm in the printing industry. It took me 6 weeks to find another job, Unfortunatly it's 70 Ks away. But hey beggars can't be choosers. I'm lucky I got another job so soon. I know of others who are still unemployed. Manufacturing at the moment in any industry is basically fucked, just look in the papers for a job.
yeah it's hit me hard, less pay, tolls, no company car, petrol, etc.
But you gotta cope, get on with it & look forward to see what the future will bring, thats all you can do.
Chin up, people
Johno