Home price falls accelerate 4

Posted to The Age (30/11/2011) on 4/12/2011 at 3:23 AM
Commenting on “Home price falls accelerate”
http://theage.domain.com.au/real-estate-news/home-price-falls-accelerate-20111202-1oa67.html

@Garry, the perfect financial storm is here on Thursday 8 December 2011. Mark this on your calendar! Don't ask me how I know it.

Aussie stocks trim gains

Posted to The Age (11/11/2011) on 11/11/2011 at 1:25 PM
Commenting on "Markets Live: Aussie stocks trim gains"
http://www.theage.com.au/business/markets-live-aussie-stocks-trim-gains-20111111-1na5v.html

If Rome was not built in one day, how could Italy? Besides, it will cost a lot more in money and time to rebuild what has been "destroyed" by its ageing population, bureaucracy, corruption and tax-avoiding black market. With that in mind, how can anyone believe that this bad wind will blow away in just a matter of a day or so, and have so much confidence in pushing up share prices in such turbulent market?

Anything happens in Europe can affect economy worldwide. It is evident from other reports that China export has slowed. It is myopic to think that internal consumption will keep China economy going just like before. If it does, it is only temporary, because China needs a lot of money to look after a huge population.

Australia must also be cautious about continuous outflow of monies to overseas through online shopping and outbound tourism. Once consumers parted their monies, there will be less for internal circulation required for job creation and tax revenue.

Debt makes the world goes round, but debt is virtual money and must be repaid at some point in time. Prosperity created by debt is temporary, unless it can be repaid sooner by real money and not by another form of debt.

Stocks hit by trading glitch

Posted to The Age (27/10/2011) on 27/10/2011 at 12:10 PM
Commenting on “Stocks hit by trading glitch”
http://www.theage.com.au/business/markets/stocks-hit-by-trading-glitch-20111027-1mkuj.html

The only way EU problems can be resolved is to allow those countries in financial crisis to default, or the whole world’s economy will be dragged down to the state no return! Let these troubled countries start out with a blank sheet – correction, let the filthy rich starts from scratch again. Greece is in a diabolical situation. Whether a country is governed by democratic system, dictatorship regime or communist ideology makes no difference to the people if equality and full stomach prevail. There are enough examples in the past as well as lately where people power has proved to be mightier than big guns and trained soldiers. I hope peaceful countries like Australia are vigilant about the ways public monies and taxes are spent, and that the wealth gaps between the haves and have-nots do not get bigger than the Earth’s fault lines.