The Cellar  

Go Back   The Cellar > Main > Current Events

Current Events Help understand the world by talking about things happening in it

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 10-09-2008, 07:51 PM   #11
Aliantha
trying hard to be a better person
 
Join Date: Jan 2006
Location: Brisbane, Australia
Posts: 16,493
All economies are intertwined or entagled to use your words tw. It's only the degree that differs. As I mentioned before, so far, our major banks have weathered the storm very well, and they've gobbled up the couple of smaller ones who've become slightly unstable.

We may be more isolated here and as I also mentioned before, our banks invest very heavily in resources and exploration. This is a market which is performing well here in Australia so things are not so bleak. Also our ability to export natural resources gives us a leg up which many other countries don't have. Our dollar being weaker is good for our export market also, and with the cost of imported products then becoming more expensive, people are encouraged to buy Australian, which in turn boost our economy and keeps it stable, at least in house.
__________________
Kind words are the music of the world. F. W. Faber
Aliantha is offline   Reply With Quote
 


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -5. The time now is 06:11 PM.


Powered by: vBulletin Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.