KevinArnold

bllrgghh

$2100 for pensioner couples.

Press conference now....

$1400 for single pensioners.

payments to low income workers and home owners.

oh and before everyone yells, know there's a thread already.

But its now in the papers.

AND............Destra sells Mess & Noise.

''For an undisclosed sum''.

Its been fun.

only wear white if you're a virgin fe.

that shouldn't be a problem for you. :)

Please tell me that includes Tom's wry smile and dead pan humour and ross greenwood's balding wispy strands of blonde hair?

wow.

way to kill the thread.

i'm like the worst parts of Kochie, Ross Greenwood and tom Petrovski in one.

who knows how it will play out violet.

Most of what we hear relates to the ''market'' rather than the economy.

The US has ground to a stop, means they'll be consuming less and therefore buying less. That drop off in activity means all of their trading partners will see less demand for goods. Their banking system is rooted and their housing market has collapsed. Our banks and their banks lend to each other in order to match liabilities and assets and meet overnight liquidity needs and short term funding requirements. This market dried up because the banks were too scared too lend to each other for fear of defaults. SO now our banks find it hard to raise funding from other banks...so they push up rates on commercial loans and mortgages. SO central banks across the world have cut rates at which they lend to banks. and now they are injecting liquidity into the banking system to restart the banking market. Hopefully when the banks start to recapitalise and get their liquidity issues under control they will drop the rates that they are lending to each other and the banking system will again strengthen.

The other issue is that due to our strong exports people think we are immune but if we get Chinese growth slowing which it will. (because the US buy a lot of chinese goods and this will slow). the demand for our exports of raw materials will fall. Which is why you are seeing commodity prices falling too. Its an unwindign of the ''China growth story''.

From our point of view our exports will fall if demand drops off. Although the AUD has fallen and makes our exports more attractive in relation to other nations goods, demand is the ultimate decider of how succesful your export market will be. Companies and corporates will find growth harder with demand slowing and also find it harded to raise money through share raisings or debt raising with such high interest rates. this slows growth as well.

As for the future who knows. Governments seem to be footing the bill for everything. which means less money to be spent on fiscal policy and infrastructure.??

AS a disclaimer i have no idea what i'm talking about and no one should take anything i type as advice in any shape or form.

i can't be fucked reading the entire thread but i hope no one is saying ''i'm immune''.

If you are employed, have a house, rent a house, have a bank account or super then you can and will potentially feel the effects of a US crisis.