maybe we've become too accustomed to growth every single year and if it aint there then that is what pieves us- have a look at the 'growth forecast for 2009' link on that translated-page (and it was a bit confronting having joachim vagina giving his input, seems google translated his surname, imagine the taunts at school for this poor schlep):
between negative 0.6% and negative 2.7% - i once changed jobs because i hated the boss and took about a 3% pay cut, i really really didn't notice it in my day to day standard of living.
if cumulatively we produce 3% less or have 3% less income in the coming year it sounds like we're getting off lightly else we're just sooks. down 80% in the coming year and yep, things are dang grim. down 30% and its a nasty jolt. but 2%...come on, who cares? that sort of dip seems to me to pretty much business as usual, that 98% of what came in last year will come in this year.
ASX Price at posting:
$32.78 Sentiment: None Disclosure: Held
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