Economist's views on Australia

Printable View

14th July 2019, 03:30 PM
ramblingboy42

Quote:

Originally Posted by RANDLOVER

It's called the "Resource Curse" and basically it says that a country blessed (cursed) with natural resources does not invest in education and training for it's people, nor in manufacturing as it is just too easy to dig stuff up and export it. Also the best and brightest are attracted away from government and politics, which ends up in a dearth of good policy. Resource curse - Wikipedia

good example Naurau
15th July 2019, 06:45 PM
Homestar

Quote:

Originally Posted by NavyDiver

Economics is a fascinating topic. I always love looking at the 12 month forecasts of 'experts'. Hindsight it is almost always a very humbling experience for almost all who are prepared to tell/predict the future. Shocks from events overseas are possibly a bigger issue that all the huffing and puffing we see locally [biggrin]

Attachment 152335

As the joke goes - There are 2 types of economists. Those that can’t predict global economic trends and those that don’t know they can’t predict global economic trends.
15th July 2019, 07:39 PM
4bee

Saw a bloke from Deloitte being interviewed on SKY this a.m., waffling on & on & on ad infinitum. [bigsad] I'm lookin' at this bloke & thinking I bet in 6 months time all your bollocks won't mean a thing & you will feel embarrassed amongst your peers because the world would have changed & you are alarming the population for nought, but dribble away mate.