Join our investing community

12th July, 2010

Discussion in 'General Investing Discussion' started by Jono, 12th Jul, 2009.

?

What will the Australian economy be like this time next year?

Poll closed 11th Aug, 2009.
  1. It'll be great - the 'green shoots' of recovery we're seeing around the world will be in full blosso

    0 vote(s)
    0.0%
  2. It'll be good - Europe and the US will still be screwed, but China will keep themselves (and us in t

    5 vote(s)
    20.8%
  3. It'll be mediocre - Growth will be flat, but hey - things could be worse, right?

    14 vote(s)
    58.3%
  4. It'll be awful - A moderately serious recession will have pushed unemployment to over 9%. Property a

    5 vote(s)
    20.8%
  5. It'll be an absolute basketcase - Unemployment will hit 15%, with at least 50% of the workforce bein

    0 vote(s)
    0.0%
  1. Jono

    Jono Member

    Joined:
    10th Jul, 2009
    Posts:
    14
    Location:
    Sydney
    Where do we all think the economy will be in 12 months time? I'm including a poll with a few possibilities, so feel free to vote or (even better) post your own prognostications.
     
  2. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    :D

    "Awful" is winning with 60% of the vote at the moment!

    EDIT: Aww... and within 12 hours it would seem the vote has swung back to mediocre.
     
    Last edited by a moderator: 13th Jul, 2009
  3. Jono

    Jono Member

    Joined:
    10th Jul, 2009
    Posts:
    14
    Location:
    Sydney
    Chris - are you shorting lots of stocks? :D
     
  4. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    No, but I don't have a position in stocks outside gold ETFs and gold mining stocks. I'm still planning to stay away from Australian stocks until at least later this year, though I am starting to size up a few international equity options.

    Also, just for the record, I would say I sit on the upper bound of the "awful" category. I doubt property prices would fall 25% in 12 months! And whilst stocks falling another 25% might happen if things continue to stay ugly and worsen, a lot of that depends how governments and central banks try to deal with the problem.