Tough Times Ahead

[dmat2391]

Well as a bloke that moved from applied economics as a bachelor degree to swap it for being a tradie can I say ,with due humility, please have a look at http://www.treasury.gov.au/Publicati...nuation-System. That number of 1.5 trillion as of now, is the real reason we're not in the same state as the U.S. that figure can only rise (over time) because of compound interest.
A little known fact is in cases of severe financial stress a person can ask for emergence access to their super to support their home . This is just one example of why RE didn't tank in the GFC.
Another is how transparent our financial structures are the floating dollar being one the greatest single reforms in our lifetime. Have a look at where and how the "little" Aussie is ranked http://www.investopedia.com/articles...es-to-know.asp.
there are plety more but it's cutting into my beer time (1 reason I left economics)
Yes the day to day life we lead is hard, perhaps even sux sometimes.... but could we all take a deep breath and accept, although there will be challenges that could do some of us in financially, for the majority, can we http://www.youtube.com/watch?v=Oo4OnQpwjkc&noredirect=1... I'll also point out he did himself in because he was dumb.