Recession Blues !!!!!!!!

[gtfpv]

Remember paul keatings recession we had to have , post your recession blues or successes here ! if your old enough.
and over all in the long run and short run . did you fair better or worse . cheers .

[tempest]

paul keating was correct...

[bob 351]

i had a business back then we went broke thing's could'nt be better best bthing that ever happened

[tempest]

Originally Posted by bob 351

i had a business back then we went broke thing's could'nt be better best bthing that ever happened

yes a lot of ppl were hurt by it, but in regards to the overall economy, its was much needed from an macroeconomic point of view, saved a lot more hurt to a lot more people. mind you i feel for you... theres always a winner and a looser...

[pauljh74]

Australia wasn't the only country hit by recession - it was a bit more widespread than that. Without some slowing of the economy, inflation would have gone through the roof. As to whether Keating put the brakes on the economy for too long, that's another story.

[Walkinshaw]

We'll all remember the recession of 2009 if things go AWOL later this year. ;)

[ED Classic]

Originally Posted by Walkinshaw

We'll all remember the recession of 2009 if things go AWOL later this year. ;)

Amen to that...

Low income earners back on 35 cents in the dollars tax instead of todays 15 cents!!

[Outbackjack]

Australia'a biggest problems will hit when China and India's economies start to slow down, and they will. Then we will see what depth the Australian economy has and how much effect governmet policies and economic handling has really had.

[The Yeti]

I was a 3rd year automotive mechanic the dealer ship I worked for (just up the windsor road form baulkham hills) went bust, I got in to heavy equipment, best thing that ever happend to me I learnt that all this leading edge technology is about 10 years behind the heavy industry I also learnt that even though its no harder or heavyer the pay is much better once your out of your time, I'm glad it all happend but things were very grim at the time.

As for other people I know my dad was 45 at the time and it was an employers market so finding a job for a 45yo mechanic wasnt easy, so he desided to start doing work from home to cover the bills, then he got busy, so he put in a hoist, then one thing led to another he got to busy and to many people kept coming at inconvenant times so he now has a work shop and things couldnt be better for him

[The Yeti]

depth, LOL as far as economys go ours the one thats all warm and the dolfins are painted on the walls, thats it boys and girls we are the kidys pool of econoys, once CHina and inda crumble were goen down

[ED Classic]

Good to see a future fund being set up now during the good times. No different to a person; if you save some during the good times you will have some for a rainy day. The biggest risk is another government will come in and spend it then when that rainy day comes....