So we have escaped the dreaded “R” Recession word. The impending doom of recession has been avoided. But does that mean the future is looking really bright , we will have to wait and see , but definitely the signs are surely there and in this sorta climate if you don't get in first you will be behind.
So how did we manage to escape the recession , there are many factor that contributed one was the ever so popular bonuses dished out to all and sundry by the “Great Rudd” , also in play was the Low interest rates by the RBA that buoyed the property market and kept things going. and thirdly our good Chinese friends who always want some sand of our backyards , that kept the mining industry afloat and digging for more.
Keep in mind we also were able to be less affected because we do not manufacture anything her much in Australia and therefore we are not dependent on people buying our products overseas in recession time.But this same factor might come back one day to bite us , for instance what are we going to do when the gold in the hole finishes , or the iron ore in the pit is almost over.
Japan and Germany long ago went into a recession because they were the leaders in the tech manufacturing industry , but then they rose to those levels also thanks to that.
Well as long as we can make money from the sands in our backyards here in australia, lets be merry and take heart that we have beaten the recession. tomorrow is just another day and the punters are rubbing their hands in glee.
Seriously weird. They ask whether I use twitter. Aaaahhhh!4:45 PM May 19th from web. more. Name Kevin Rudd; Location Australia; Bio PM ...