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[b]hedda wrote:[/b]
[quote][b]md wrote:[/b]
[quote]Where is FDR when we need him?[/quote]

Indeed ! My favourite US president and the man who not only boosted millions of Yanks into the Middle Class but set the US up for decades of prosperity. Gradually undone by Reaganomics..they thought FDR was  a traitor to his class.

The alleged PM of Australia Scott Morrison (responsible for that ludicrous "where the hell are you" PR campaign when he was an advertising "guru") has announced that all unemployed and pensioner Aussies will get the grand sum OF $500 !!!!! TO GO OUT AND SPEND BECAUSE OF THE CORONAVRIUS THING IS FUCKIGN THE ECONOMY.

[i]and fuck this new keyboard that has no little light that goes on when you're on caps.
[/i] :angry:  :angry:  :angry: 
500 frigging $$$..just about pay an electricity bill. :(

When the former (left wing) Labor PM Kevin Rudd did similar he gave everyone $1500 and saved Australia from the financial meltdown. :)  :) 500? hasn't the goose heard of INFLATION ? :S

How much is Boris going to give Brits to spend? :laugh:  :laugh:[/quote]

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Topic History of: Global Markets Drop
Max. showing the last 5 posts - (Last post first)

Author	Message
hedda	md wrote: Where is FDR when we need him? Indeed ! My favourite US president and the man who not only boosted millions of Yanks into the Middle Class but set the US up for decades of prosperity. Gradually undone by Reaganomics..they thought FDR was a traitor to his class. The alleged PM of Australia Scott Morrison (responsible for that ludicrous "where the hell are you" PR campaign when he was an advertising "guru") has announced that all unemployed and pensioner Aussies will get the grand sum OF $500 !!!!! TO GO OUT AND SPEND BECAUSE OF THE CORONAVRIUS THING IS FUCKIGN THE ECONOMY. and fuck this new keyboard that has no little light that goes on when you're on caps. 500 frigging $$$..just about pay an electricity bill. When the former (left wing) Labor PM Kevin Rudd did similar he gave everyone $1500 and saved Australia from the financial meltdown. 500? hasn't the goose heard of INFLATION ? How much is Boris going to give Brits to spend?
wyot	Wow just got on fast train into London and it is half empty...never seen it like this at this time normally can't get a seat...
Barney	Base rate reduced to 0.25%...
wjlmarsh	Add to the already good comments considering past history. Last Boom / bust cycle somewhere from 1989 to 2007 18 years. So considering general pay rises compounded means wages generally will double every 18 - 20. In the last cycle around year 2000 there was date scarce and speculation in tech shares saw a temporary collapse in the markets that was basically it, until the usual expansion ushered in the bust of 2007. I suppose each cycle has it own surprises, Barney rightly highlighted in this current cycle the low interest rates. Governments all take credit in the boom times. So all considered keeping in mind "the future is yet to be written". (Good advice from Part III Back To The Future) that maybe there is at least another 5 years of boom. For us in the UK a key is house prices which may will double to tremble from the high of 2007 then drop for a few years by something like 15 - 25 percent estimate. This is a general scenario only which has been true for about the last 2 - 3 cycles.
Barney	Thanks for your three posts. Could your next, quote some examples of 'media manufacturerd panic'... And is my post about a large section of Italy being closed also disingenuous or misleading. Perhaps media driven?