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Thread: 7:30 report tonite...

  1. 8th October 2008, 07:53 PM #1
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    7:30 report tonite...

    wow...

    that was one hell of a bleak outlook on whats ahead..

    hope the man was seriously way off kilter...
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  2. 8th October 2008, 07:59 PM #2
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    Quote Originally Posted by incisor View Post
    wow...

    that was one hell of a bleak outlook on whats ahead..

    hope the man was seriously way off kilter...
    Pleeze explain? (for those of us at work and not in front of the box!)

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  3. 8th October 2008, 08:02 PM #3
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    just watched as well ......mmm seems its been coming for a while .....l wonder

    cheers
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  4. 8th October 2008, 08:03 PM #4
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    WHAT!
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  5. 8th October 2008, 08:06 PM #5
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    the rain.......
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  6. 8th October 2008, 08:15 PM #6
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    His best case scenario for the short to medium term is a recession similar to the 1990 (I wasn't aware of economics back then - still aren't now tho).

    His worst case scenario - as bad as the great depression of the 1920-30s, lasting a decade.

    His advice,

    GET OUT OF DEBT.

    If you have a secure job & a liquid, you should be OK.

    House prices will fall, our mining bubble will bust.

    Hope he's wrong, worried he's right.
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  7. 8th October 2008, 08:17 PM #7
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    Nope, extra virgin olive oil. Some are imported ones blends of canola and waste products...
    Buy Australian! It'll help our farmers in the deepening economic apocalypse that's coming - oh, that got a mention too.....
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  8. 8th October 2008, 08:25 PM #8
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    Quote Originally Posted by CowsGoMoo View Post
    Nope, extra virgin olive oil. Some are imported ones blends of canola and waste products...
    Buy Australian! It'll help our farmers in the deepening economic apocalypse that's coming - oh, that got a mention too.....
    heh heh

    I went and checked my olive oil as I'm trying a (new for me) brand for the first time - it wasn't any of the brands mentioned, but it does taste awful. Horrible fruity flavour that dominates everything.
    Last edited by carjunkieanon; 8th October 2008 at 08:27 PM. Reason: emoticon didn't work
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  9. 8th October 2008, 08:44 PM #9
    lnd130
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    not a good outlook that our little mate put forward might have to rethink a few grand plans we may have had ,and stock up on canned food instead
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  10. 8th October 2008, 09:03 PM #10
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    Quote Originally Posted by Numpty's Missus View Post
    so who? was he.....

    I am not quite ready to worry yet. I can't help but feel much of it is a hype up by the press.....
    Not press... economics professor from UWS.

    Steven Keen talks to 7.30 Report
    Associate Professor Steven Keen has come increasingly to prominence over the past couple of years specialising in the economics of Australia's spiralling household debt burden. He spoke to 7.30 Report tonight.

    The 7.30 Report - ABC

    r
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