australia to go into recession?, page-16

With the banks sacking 12,500 people in two weeks and china slowing Australia has nothing else except commodities (Many thanks to the past federal governments for backing innovation, fools). Unemployment will rise 1.5% by the end on next year, crime will increase and housing prices will start to collapse (I expect housing to be off +20% by the end of 2009).

Buying gold and silver will not help anyone, try and find someone who can afford to buy it from you.

Australia will go through a mild recession next year and then the deepest recession in it's history heading into 2011.


I remember the 90's, hold on tight.