scathing view of credit suisse on oz housing, page-14

  1. 17,117 Posts.
    the bears produce a similar theme, that housing somehow does not produce jobs or services...

    lets see now....most of your trades people run their own small business, they provide a service, by installing, fixing and servicing whatever trade they are in. They employ people and apprentices and they all pay taxes.
    Then they spend their after tax money by supporting other business in their communities.
    An entire community can be self supporting, that is how it was in the past. The carpenter made the furniture for the locals. We had a butcher, a baker....etc etc etc

    The builders , build houses, extend them ...ditto to the above
    the householder purchases furniture and fittings for their homes, they are thereby supporting local industries and businesses...all ditto to the tradies situation above

    Now everything comes from China, and snakeway and moles have taken over from the butcher, baker, grocer, chemist, newsagent.
    Then apparently everyone wants to only buy stuff from the internet, thereby not supporting your local business, and local jobs.

    so how does buying shares in a company support any jobs ?
    the business or company that you are buying shares in, is already running a successful, or emerging company....
    you would be supporting that company by buying its products or services...not buying the shares

    some of you do not understand, or hsve your wires crossed
    like computer programs and modelling processes everyone uses today....
    rubbish in, can only become rubbish out
    that is the root of the problem
 
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