Forum Post: Occupy Sydney Australia
Posted 13 years ago on Nov. 14, 2011, 6:21 a.m. EST by Scout
(729)
This content is user submitted and not an official statement
America is already in a depression according to economist Steve Keen
http://www.youtube.com/watch?feature=player_embedded&v=l1aN8oe_sCY
nice post, scout. great job Sydney! Woot!!
Very astute. U are witnessing only the onset of the most catastrophic market collapse ever.
It definitely is. Australia is in a recession too.
actually you are spot on Australia in Recession; Spending Slide Spreads from Housing to Service Sector; Australia's Double Whammy; US Dollar Safe Haven?
http://globaleconomicanalysis.blogspot.com/2011/11/australia-in-recession-spending-slide.html
no doubt about that ! similar malaise. As you heard in the video Australians have been borrowing far beyond normal income to loan ratios believing house prices would keep increasing for ever! in fact I believe another Commonwealth member country could also face the same disaster eventually? I'm referring to Canada
Now is Australia, that country with the nice weather and beaches, or that one in the mountains where Arnoild Schwarznegger is from? I always get them confused. I don't want to end up at the wrong place.
down under next to New Zealand!