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mfd101

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Posts posted by mfd101

  1. Here are the international growth figures for real GDP growth in the March quarter (Jan-March), published today in the 'Australian' newspaper:

     

    China minus 10%, Italy & France minus 5%, Germany & Canada & UK & OECD average minus 2%, US minus 1.8%, Korea & Japan minus 0.5%.

     

    And Oz? Minus 0.3%.

     

    Oh, come on, Oz! You can do better than that! Why aren't you keeping up with the rest of the world?

    • Haha 1
  2. 8 hours ago, Peterw42 said:

    I would hate to see what a recession looks like in Australia, given that a 30 year boom economy has resulted in a $600 Billion debt, a currency that is worth nothing, a country that doesn't manufacture anything (not even white-goods) and the worlds biggest real estate pyramid scheme.

     

    Something is fundamentally wrong if the country needs migration to feed the pyramid scheme. 

    It has worked beautifully for me throughout the whole of my adult life. Good-to-booming economy most of the time, and cultural enrichment from large migrant intakes and from comfortably-off Aussies travelling the globe.

     

    Government debt has been low till the current pandemic when the federal government has pumped cash enthusiastically into the economy. Predictions are that it will take decades to pay off. Personally I doubt it. More boom times to follow as immigration, foreign uni students and the mining industry pick up (the latter already going strong). And - contrary to the public image - a number of booming high-tech & service industries, including small naval vessels exported to the US from W.A. and Atlassian software that has turned its 2 young developers into multi-billionaires.

    • Like 1
  3. 4 minutes ago, chilly07 said:

    I have now done 15 mths of FTT TransferWise transfers into Bangkok Bank and collected Credit Advices for each which I then take back to my bank to produce the IO letter. No extra charge and no 7 day wait

    Yes, use TW to Bangkok Bank (& tick the TW box that says 'For long stay in Thailand' or words to that effect). Works every time with 'FTT' showing in your BKK Bank book.

  4. 59 minutes ago, simple1 said:

    So you're saying the other member's claim is speculation.

    Knowing he's there and inviting him in aren't the same thing.

     

    I note however that the widow of the dictator who started the whole shooting match (before having his plane shot down), Habyarimana, and who herself is accused of major involvement in the genocide, is - according to yesterday's Le Monde - living cheerfully and undisturbd in Paris.

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