Australian economics good news thread

[qldfrog]

i am so saddened by the current and directional trends of this country that i can not shed my pessimistic bias.
Please if you have any positive economic news for all of us, not a taxpayer funded gift to a wind farm, or a nice weather report, please post it here.
And no, not starving yet is not a positive news

 

[countrylad]

As a very poor money manager as a younger bloke (mind my family wanted for nothing and we sure had some adventures), I would like to point out with a bit of graft , some education, using super you can come out the other side.

 

[divs4ever]

As a very poor money manager as a younger bloke (mind my family wanted for nothing and we sure had some adventures), I would like to point out with a bit of graft , some education, using super you can come out the other side.

getting the correct sort of education is a challenge , and 'graft' i assume you mean research and physical effort ( not corruption and bribery )

just remember guard your super carefully

there are those who have plans for your super ( which may not have YOUR best interests in their heart )

sadly only prospective rate cuts seem to inspire the markets currently

i had the opposite upbringing where pennies ( as they were back then ) were counted and saved

( as i type on the laptop sitting on the table/set of drawers my father hand-made from off-cuts back in the early 1960s )


so is built-in obsolescence good for our economy or should we be better maximizing the life-spans of our products and purchases

 

[SirRumpole]

We are a lot better off than some, that's the good news.

Of course, we can do better, and we should.

 

[Value Collector]

i am so saddened by the current and directional trends of this country that i can not shed my pessimistic bias.
Please if you have any positive economic news for all of us, not a taxpayer funded gift to a wind farm, or a nice weather report, please post it here.
And no, not starving yet is not a positive news

Australia exported about 2.5 Million tonnes of Iron Ore today, generating nearly $200 Million in economic benefit, That’s pretty good news.

 

[qldfrog]

We are a lot better off than some, that's the good news.

Of course, we can do better, and we should.

Personally, i am all good but when i see us as "Australians" performing even below Spain, Italy or even in some aspects France in the last 10y..
so , the idea is not to try to compare ourselves to South Africa or Haiti.
But what was here 10y, 5 y ago and where are we now better off, the good news:
discovery of new mining resources maybe, new Aussie money generating invention or expirt market.
Why should a new Australian kid stay here if he aspires to more than surf beach and welfare/PS job?
What news can feed a forward looking country even past an ALP leadership?

 

[SirRumpole]

Personally, i am all good but when i see us as "Australians" performing even below Spain, Italy or even in some aspects France in the last 10y..
so , the idea is not to try to compare ourselves to South Africa or Haiti.
But what was here 10y, 5 y ago and where are we now better off, the good news:
discovery of new mining resources maybe, new Aussie money generating invention or expirt market.
Why should a new Australian kid stay here if he aspires to more than surf beach and welfare/PS job?
What news can feed a forward looking country even past an ALP leadership?

Well we have been feeding off the resources boom for decades but that can't last.

I can't see much planning for the future apart from Albo's "future made in Australia", but there seems to be no strategic plan for that.

 

[SirRumpole]

Australia exported about 2.5 Million tonnes of Iron Ore today, generating nearly $200 Million in economic benefit, That’s pretty good news.

What do we do when it's all gone?

 

[Antirnator]

Australia exported about 2.5 Million tonnes of Iron Ore today, generating nearly $200 Million in economic benefit, That’s pretty good news.

It is good news and would have been even better if we made something with it

 

[Dona Ferentes]

though IPOs are thin on the ground, secondary offerings by way of rights issues and placements seem to attract money.

Th dross struggles but good companies are funding growth plans.

sadly, and probably because of the easy capital available in the big super funds, placements are easier to organise than rights issues and maintenance of equity stakes.

 

[qldfrog]

What do we do when it's all gone?

but are the exports increasing, do we get much more for it after inflation.
i also know nickel and coal are less profitable/ disapearring on the Australian scale vs recent past
so still give you a point
1) IO export have maintained and not crashed
i also know Gold mining is obviously booming and Australia is gifted wihh quite a nice reserve of gold still in the ground so far protected from the incompetence of our leaders
2) Gold still there

 

[qldfrog]

though IPOs are thin on the ground, secondary offerings by way of rights issues and placements seem to attract money.

Th dross struggles but good companies are funding growth plans.

sadly, and probably because of the easy capital available in the big super funds, placements are easier to organise than rights issues and maintenance of equity stakes.

so
3) we are still quite cashed up
(bloody boomers.. just kidding)

 

[divs4ever]

be careful what you wish for

this is an era where bad news is GOOD NEWS ( liable to force down interest rates lower )

goodness know what genuine good news does

 

[ShareSuccess]

The Australian frogs at greatest risk of extinction and what to do about it​

Ms Jaana Dielenberg (NESP Threatened Species Recovery Hub), Dr Graeme Gillespie (Northern Territory Government), Dr Conrad Hoskin (James Cook University) and Ms Hayley Geyle (Charles Darwin University).

New research published in Pacific Conservation Biology has identified the 26 Australian frogs at greatest risk of extinction, the probability of each extinction by 2040, and the actions needed to prevent those extinctions.

The study found that although not yet officially listed as extinct, Queensland’s mountain mist frog and northern tinker frog are very likely to be. No-one has recorded these species in around 30 years and they are very sensitive to the amphibian disease chytridiomycosis.

Another four species are hanging on in the wild but are likely to be extinct by 2040 unless there is effective new action to save them: the southern corroboree frog and Baw Baw frog in the Australian Alps, and the Kroombit tinker frog and armoured mist frog in Queensland.

Five more species, including the mountain top nursery frog, beautiful nursery frog, northern corroboree frog, spotted tree frog and Kroombit tree frog are at moderate risk of extinction by 2040.

Lets all Save The Frogs

 

[wayneL]

Good news - the Pacific Peso has made my PMs (etc) worth a motza (in Pacific Pesos).

That's about all I can think of, everything else sucks, we're in managed (and seemingly intentional) decline.

 

[wayneL]

Well we have been feeding off the resources boom for decades but that can't last.

I can't see much planning for the future apart from Albo's "future made in Australia", but there seems to be no strategic plan for that.

Begs the question, what to we make when we're down at 105 in economic complexity, down with Zimbabwe, Haiti, and Democratic Republic of Congo?

 

[SirRumpole]

Begs the question, what to we make when we're down at 105 in economic complexity, down with Zimbabwe, Haiti, and Democratic Republic of Congo?

Yes, big problems indeed.

Population diversity is supposed to lead to economic diversity, that obviously hasn't happened, instead it's just led to social disfunction apparently.

 

[qldfrog]

Begs the question, what to we make when we're down at 105 in economic complexity, down with Zimbabwe, Haiti, and Democratic Republic of Congo?

home made machete in Victoria using Rio bars?
that is a start toward industrialisation and use of skilled migrants?

 

[Dona Ferentes]

reo?

 

[qldfrog]

reo?

"Rio bar" is most commonly an Australian term for rebar (reinforcing bar), a steel bar used to rein..

Some of the reinforced concrete bars you see on building site, useful as is as a weapon but better sharpened;
A tool of choice in the cultures who decided to go lifestyle before hard work.