"Biggest crash in world history" -- screening this October

As I have been saying, somethings going to give….. Melb reality today

How sad, 50% of pop on dole

How Victoria's strict lockdowns have turned Melbourne into Australia's dole capital | Daily Mail Online

 

Thank you Dr Seuss.

 

I've been saying this for a while.
Hundreds of thousands of people in Mel/Syd/Bne without work and alienated by politicians and hystericals.
They will never go back to work. Instead of being an input to the sytem they will be a lifetime expense.
And no, they will not drop dead as we are made to believe and so many seem to be wishing for it.
Instead they be voting greens for for public bulk housing in the northen and eastern suburbs.

 

Splash some cash on some fibro in Gods Country Mounty County

 

China is prepping for the winter olympics in feb 2022 and shutting factories and also limiting coal burning to have clearer air and skies. Lotsa places having power outages as coal prices have doubled. This is in contrast to iron ore prices which have crashed half. Good for QLD, bad for WA i guess. The power outages have impacted manufacturing so China's GDP growth for 2H is expected to be flat, but Beijing not concerned as 1H2021 GDP was pretty good.

All eyes are on the Evergrande shenanigans now.
I expect the debt ceiling issue will be resolved soon USA side as usual.
But as China is slowing down these next two quarters it is very likely markets in China will correct first (similar to what happened in early 2016 small correction globally after chinese markets sold down on poor chinese GDP Growth)

 

Agreed.

And the people who accept this cycle and have planned for it will go shopping.

Ka-ching!

 

ASX and Wall Street in the red, Facebook frozen

 

Yes just like Green Eggs and Ham...and Cat in the Hat.

 

As sad as this may be with a large number on welfare...most of them are damn lucky they are in a country that provides such high levels of welfare. Not many other countries offer welfare recipients this kind of standard of living.

 

I don't think bris is in this category, jobs growth ... not mining either....is going well.

Ppl in qld don't work hard anyway, so no dropping dead from overwork here.

Northern and Eastern Suburbs? What are u on about? Bris nothing like melb.

 

As usual a lot of bias/one sidedness in media reporting.. if you read only Fairfax/domain news you would be forgiven for even thinking the rest of Australia exists.

 

Correct me if I’m wrong, but the article suggests a 50% increase in people on the dole. Not 50% of population on the dole. Also, it’s the Daily Mail, so….

 

Exactly!

And who listens to ANYTHING from Daily Mail?

 

lol, talking about being dramatic

250,000 people relying on government handouts is 5% of the population…

 

Oops……yes you are correct.

Sadly, Not good for Melb

I did post somewhere number of business’ going under. Its going to be hard for Melb to try pull a rabbit out of a hat

 

1 Jan 2026

 

Here we go

more than 100 business’ going bust in Melb every month

I guess we can not ignore these numbers

I am grateful my daughter in Melb is not on the dole. For those who are I feel for them, they are more than a statistic


No Cookies | Herald Sun

 

There will be no crash in October as we will be having FREEDOM Day and spending will go through the roof.

 

No sure Freedom Day applies to Melb???