Economy 52,839 Posted December 2, 2018 Share Posted December 2, 2018 https://www.npr.org/2018/11/29/671799971/unlike-most-countries-australia-has-progressed-for-27-years-without-a-recession This is impressive. Whether by really good monetary policy steering or government policies or just advantage of having to access to growing Asian markets, Australia has now been recession free for 27 years! This is more than double the US record! Australia however has a strong vulnerability as having the highest consumer debt in the world, the only Nation with more consumer debt than Canada and Australia also has a very overvalued realestats This could trigger the next recession Link to post Share on other sites More sharing options...
Economy 52,839 Posted December 2, 2018 Author Share Posted December 2, 2018 On a side note I think rapid population growth is part of this because the economy can have weak periods and for example grow at just 1% and technacly not be in recession but still be deteriorating because job creation doesn't keep up with population growth Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted December 2, 2018 Share Posted December 2, 2018 It's the croc's. They eat up the bad economic conditions. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
ShockPop 7,747 Posted December 2, 2018 Share Posted December 2, 2018 Population growth paired with strict import rules. They can sustain their food sales purely with Australia grown products which is cool. Very advantageous. And obviously tourism there is huge. Link to post Share on other sites More sharing options...
KURUSHITOVSKA 20,451 Posted December 2, 2018 Share Posted December 2, 2018 I don't understand anything about it so i'd love to have an explanation, but then, why is the australian dollar really lower than the euro, for example? And if the US Dollar is the most important currency, why is it also lower than the €? ¿Qué currículum tiene ésta tarántula? Link to post Share on other sites More sharing options...
TimisaMonster 31,073 Posted December 2, 2018 Share Posted December 2, 2018 Take notes world... Stream my new single, 💜"Heartbeat"💜, on Spotify! Link to post Share on other sites More sharing options...
Guillaume Hamon 6,983 Posted December 2, 2018 Share Posted December 2, 2018 Yaaas a post from @Economy! 4 hours ago, ShockPop said: Population growth paired with strict import rules. Like they want the products coming in to respect the worker rights and be environment-friendly Or like quotas for the number of products they imports? Link to post Share on other sites More sharing options...
ShockPop 7,747 Posted December 2, 2018 Share Posted December 2, 2018 1 hour ago, Guillaume Hamon said: Yaaas a post from @Economy! Like they want the products coming in to respect the worker rights and be environment-friendly Or like quotas for the number of products they imports? They generally prioritise australian-grown over imports, which is something the UK could study. Link to post Share on other sites More sharing options...
Economy 52,839 Posted December 2, 2018 Author Share Posted December 2, 2018 4 hours ago, KURUSHITOVSKA said: I don't understand anything about it so i'd love to have an explanation, but then, why is the australian dollar really lower than the euro, for example? And if the US Dollar is the most important currency, why is it also lower than the €? A lot influences a currency it's hard to give u 1 reason why 1 currency is stronger than another But exchanges can also be deceiving. Suppose the US decided to trade the penny as its official currency rather than the dollar then suddenly the currency in numbers would be worth only 1% of what the dollar is worth now but in reality purchasing power of Americans wouldn't change but I'd say it's a weak currency. Really just an illusion The opposite would happen if the US traded a grand let's say ($1000) and made it a currency. Value would surge in terms of looks but not really, rather us just deal with extremely small nunbers So there's a lot to consider in whether a currency is strong or not or why it is or isnt. the face to face value doesn't mean anything necessarily the way it often appears to Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted December 3, 2018 Share Posted December 3, 2018 Why the dollar is the most important global standard currency has mainly to do with the end of ww2... Europe,Britain and Russia were severely damaged by the war and the US played a big role in the rebuilding and recovery years. The value vs. Other currencies fluctuates because of supply and demand....which is influenced by politics, economies, the relative economic conditions of the country its from and trade policies. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
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