Quote:
Originally Posted by xelasnave
Good Morning Renato I hope you and yours are doing well.
I find cheer that these folk who report upon finance are so good at finance they must become journalists ....it seems a key part of the occupation of journalism is to wrap all stories in fear and a negative outlook to appeal to the hand wringers that make up their followers...and even with a minimal grasp on economics anyone can not arrive at any other conclusion than Australia really is the best place ...on all counts...a country where the Government will pay you not to work in order to subscribe to the Optimum Un Employement policy as the major tool for fiscal management ( inflation minimisation).
I recall from the distant past, from various years and over many years, the boom of doom from the various financial journalists that the real estate bubble was about to burst....I also recall a friend who believed one such prediction and sold his beautiful little town house at Fairfield ( Sydney suburb) following the suggestion from one of these experts on doom to sell up and buy much cheaper after the real estate crash had done its worst...he sold up at $37,750-00 no doubt just before the bubble was set to burst and rented a house and waited for the crash...and waited and has been paying rent ever since.
AND of course things can go bad, history tells us that, but a cheerful outlook would seem the best way to manage any adversity.
When I was in hospital ( the various times) I treated it as a holiday...a nice room with and ensuite, ladies who bought me morning and afternoon tea, indeed all my meals delivered by lovely people, and the food was wonderful mainly because I did not have to cook it...and each day a team of lovely doctors would call making me feel like I was the only patient they cared for...I did not whinge about getting out or the food was bad and felt sad for those who could not manage the experience as a mini adventure...
Anyways the main thing that makes me cheerful each day is that I am here to enjoy it and if I do not wake up one day that I will not know that the morning never came for me.
alex
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Hi Alex,
Thanks. but all is not well with my poor back - I haven't been able to do any viewing for much of the year, and will be getting another back operation in a few weeks. Where I will be having the regular fight about taking my diabetes sign away so that I get the good hospital meals, and not the rubbish diabetes ones. Last time I was there a month and a half back, I had to raid the ward kitchen and steal a heap of biscuits, I was so hungry. Then I got a nurse to grab me some sandwiches.
Basically, Australia is far away from most every thing nasty, and we have pretty much every we really need here (except oil - may need more car LPG conversions?) - which is why those overseas see it as a safe haven.
Our last housing crash was back in the early 90s with the "recession we had to have" - people could buy house with 95% borrowed money, and still not be negatively geared. People were putting in dumb bids at auction - and winning. Though the effects didn't last that long.
Waking up each morning is definitely a reason to be cheerful.
Cheers,
Renato