Credit crisis ..blah..blah.. Anz video, chappy the aboriginal singer

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So we are in for the long term .. might as well tuck in our warm clothes to outlive all those shivers..
With this credit crisis showing no end with waning off.. and going on.. and on..and onn..

We might as well sit back and eenjoy some other flavors austrlai has to offer
check out these entertaining aussie videos from you-tube below ..

Anz iphone video and chappy the singing aborginal



Is that the australian police ?. Looks like they have got a lott of time on thier hands for this sorta stuff




Recent posts

Who Is Aussie Rob lifestyle Trader ?

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Aussie rob is still quite a popular search on the internet.. and keeps popping up on searches! why?

aussie rob

Is it because he is a magic formula trader or is it because he has marketed himself well online ,but there is more  hidden!!

So who is he ? - In his own terms on his website , as mentioned

G'day... My name's Rob Wilson, or as I'm known in the industry, "Aussie Rob". I think it's really important for those of you who do not know me as yet, to understand that I am a trader. I, just like you, have been looking for the holy grail. I retired from the Rat Race and traded for a living while traveling the world undertaking every course I could get my hands on, subscribing to all of those newsletters and buying countless pieces of software, books, CDs, videos bla la bla...
I finally found my calling in life, teaching others how to trade. In each of my training sessions the same old stumbling block kept raising it's ugly head. Analysis Paralysis.... Virtually every trader that I came across was spending hours and hours analyzing trades. As if one computer screen covered with streaming data wasn't enough.... Many had two monitors on their desks, some had three and even four.

 

http://www.reading.com.au/214/aussie-robs-money-machine

A few comments from a forum here -

http://au.messages.yahoo.com/finance/finance_general/163/

Re:Aussie Rob
Reply to this message

It is just another front for a dead beat called Jamie Mcintyre. Check out ASIC for McIntyre info. Stay away.

Aussie Rob
Reply to this message

Any one been involved with the aussierob program..

$586bn stimulus package BY CHINA

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The Chinese government kicked off proceedings yesterday when it announced a $586bn stimulus package – equivalent to almost a fifth of its GDP last year – to boost domestic infrastructure spending and stimulate their economy which has dropped to an annualised GDP growth rate of 9%. All the cash will be used up by the end of 2010. Resources outperforming on the back of the news

The Dow was up 248. Up all session – up 265 at best. Market overlooked negative employment data and poor 3Q results - market had already factored in the bad news. Unemployment rocketed to 6.5% with a larger-than-expected fall in payrolls – was up a hefty 0.4% in October from September. President Elect Barak Obama said the US requires a fiscal stimulus plan and a rescue package for the middle class. Ford and General Motors ate through their cash reserves in the 3Q. Bonds down. Gold and metals up moderately. A$ up 1.38% against the US dollar – and up 2.39% this morning to 69.17c.

Its Receivers Season

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Macquarie Group expects big falls in contract iron ore prices in 2009 going by what speakers had to say at the Macquarie China conference. Despite the bleak research, iron ore stocks are outperforming - BHP up 4.5%, RIO up 4% and FMG up 5.1%.

Other News :The world is waiting on who will be the next President of the US – Barrack Obama remains the favourite.

 

BAD NEWS keeps coming in

  1. Allco Finance Group (AFG) has called in the receivers. Commonwealth Bank seems to be the most exposed among the major banks.
  2. Babcock & Brown Infrastructure Group (BBI) announced it will suspend payment of distributions and defer dividends until further notice.
  3. Bendigo and Adelaide Bank(BEN) has withdrawn its $75m convertible preference share offer due to deteriorating market conditions
  4. The Australian and the AFR both suggest ABC Learning (ABS) is thinking about calling in the receivers having failed to re-negotiate loans with banks. The CBA is the main lender according to the AFR with $500m thought to be outstanding

 

Mcain the robot

The Australian government has released its economic forecasts for 2008-09.

Various economists are already labeling it far too optimistic. It expects 2008-09 GDP growth of 2%, above expectations of 1.8%; predicts unemployment of 5% by mid-2009 compared to 4.3% at the moment; inflation to be at 3.5% by mid-2009 and the 2008-09 budget surplus forecasts has been trimmed back to $5.4bn. NAB economists have labeled the outlook as “too optimistic by a long way”.

75 basis point rate cut in interest rates by the Reserve Bank of Australia today Tuesday Nov 4 2008.

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Reserve Bank cuts interest rates by 75 basis points to 5.25%

The third consecutive drop takes the official rate to 5.25 per cent, its lowest level since May 2006.

Last month the RBA stunned observers by taking the official interest rate from 7 to 6 per cent.

Federal Treasurer Wayne Swan yesterday said interest rate cuts should be passed on in full as soon as possible.

"I would expect banks to pass on any cut ... as quickly and as rapidly as they possibly can," he said.

Analysts say October's panic-driven selling had been in line with an historical trend of October being the worst month for the markets.

But confidence appears to be returning as fund managers take advantage of bargain stocks, supported by retail investors as credit markets thaw somewhat.

The Reserve Bank of Australia (RBA) has slashed interest rates by 0.75 of a percentage point.

 

Opposition Leader Malcolm Turnbull is taking the same stance, saying despite the global economic turmoil, the banks are in a good position to pass on a rate reduction.

"The banks should pass on the entirety of that cut, they are in a position to do so, in my view," he said.

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