|
Welcome to the Australian Ford Forums forum. You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated. |
|
The Bar For non Automotive Related Chat |
|
Thread Tools | Display Modes |
16-07-2013, 02:08 PM | #1 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
|
O.k after being a courier for a few months in Vic driving all over Melbourne I started to notice many small and large factories were closed down with For sale and For lease signs up out the front.... In the west was the worst.
Then Ford made its BIG recent announcement and that news was shocking. Now Holden have come out and said they may close down as soon as this year if they do not get government assistance. Unemployment rate has risen to 5.7% (some say its closer to 10%), Centrelink recipients are up 20% more than last year, Internet job adds are down 30%, interest rates being lowered more and more by the month, and new car finance down to 2% and the second hand car market is dead. As far as I can tell we are already IN a recession and the way things are looking its not going to get better for aloooooong time. |
||
2 users like this post: |
16-07-2013, 02:37 PM | #2 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 531
|
A recession is 2 successive quarters of negative GDP growth. So far, we have (narrowly) managed to avoid that. Growth is definitely slower than it has been, and we may still see contraction, but for the moment, according to the stats, we aren't in a recession. I fact, we haven't seen one now for 22 years...
|
||
16-07-2013, 02:41 PM | #3 | ||
FF.Com.Au Hardcore
Join Date: Jun 2010
Posts: 2,276
|
If it wasn't for China buying up all our land, industry and resources we would of been in recession along time ago.
__________________
FG XR6 Turbo (Manual) - 301rwkws @ 15psi ---------- Rapid Systems Intercooler & Battery Relocation - ID 1000 Injectors - Process West Surge Tank - Venom 100 Cell Bolt On Cat - XForce 3.5 inch Catback - Plazmaman 4 inch Turboside Intake - Crow HD Valve Springs - Glowshift Gauges (Oil temp, Oil Pressure, Boost, Volt) - Malwood Opt 5 - XR50 Interior - FG2 Limited Ed 19's - Nitto Invo's |
||
16-07-2013, 02:46 PM | #4 | ||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,799
|
We did have a technical recession back during the Asian Financial Crisis. Don't really think anyone noticed it.
__________________
Daniel |
||
16-07-2013, 02:51 PM | #5 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
|
Quote:
|
|||
16-07-2013, 02:56 PM | #6 | ||
Regular Member
Join Date: Apr 2005
Posts: 455
|
Not across all sectors, were still a wealthy and strong economy despite what the media and doom and gloom preachers state.
I manage the development of large land subdivisions (green field sites) within Sydney and we have seen massive growth in the last year and it's not slowing. We cannot keep up with clients buying more land and yelling at us to get it subdivided and ready for new small lot housing. Not only are we developing large areas but they are all pre-sold or selling very fast. Also builders are rubbing their hands because their expecting a large amount of new land owners wanting their new dream home built ASAP. But this all does come at a cost and it is very expensive to develop in Sydney, it only becomes really viable in large portions. The construction industry is usually the first to recede and the first to grow, home loans have risen of recent and I am finally seeing growth in my industry which for a very long time has been stagnant.
__________________
FG GT...Supercharged Bliss |
||
This user likes this post: |
16-07-2013, 03:05 PM | #7 | ||
FF.Com.Au Hardcore
Join Date: Oct 2005
Posts: 1,094
|
You want to see a recession, watch the latest top gear episode where they drive through Spain. Very depressing.
|
||
5 users like this post: |
16-07-2013, 03:06 PM | #8 | ||
FPRJET
Join Date: Dec 2004
Location: Melbourne
Posts: 1,143
|
The op is right... we have been in a recession for a long time ...government just doesn`t want to say it. Businesses letting people go, retail outlets closing down. Lot`s of vacant shops around Melbourne...The people that still have jobs are blind to it, you only need to speak to people that are looking for work . I see jobs advertised as far back as 6 moths ago being re listed of course they don`t exist.
__________________
Proud to own a FORD and sick of the constant bagging. You don`t like it, go buy a Holden, you`ll be back soon. |
||
4 users like this post: |
16-07-2013, 03:12 PM | #9 | ||
FF.Com.Au Hardcore
Join Date: Aug 2006
Location: Salamander Bay
Posts: 5,427
|
we are not in a recession but we and no longer in a booming economy either. too many businesses over capitalise in the boom times and then when the economy slows the go bust. growth is slow at the moment but we are not going backwards ( as you need to be for a recession for 2 quarters) .
the long election campaign has not helped things as there is too muck uncertainty for business confidence. The economy should settle down after the election and to what extent it grows will depend on the result .
__________________
[SIGPIC][/SIGPIC]
Everyone starts off with a bag full of luck and an empty bag of experience. The trick is to fill the experience bag before the luck bag is empty. "It is better to remain silent and be thought a fool than to speak out and remove all doubt." Start a new career as a bus driver Rides: FG2 XR6 stock at this stage but a very nice ride xc 4 DOOR X CHASER 5.8 UNDER RESTO |
||
16-07-2013, 03:16 PM | #10 | |||
FF.Com.Au Hardcore
Join Date: Aug 2006
Location: Salamander Bay
Posts: 5,427
|
interesting to note the 2 posts that incorrectly state we are in a recession are in Melbourne. so if Melbourne is currently having a rough patch the whole country is in recession?
Quote:
__________________
[SIGPIC][/SIGPIC]
Everyone starts off with a bag full of luck and an empty bag of experience. The trick is to fill the experience bag before the luck bag is empty. "It is better to remain silent and be thought a fool than to speak out and remove all doubt." Start a new career as a bus driver Rides: FG2 XR6 stock at this stage but a very nice ride xc 4 DOOR X CHASER 5.8 UNDER RESTO |
|||
16-07-2013, 03:25 PM | #11 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 531
|
There are a number of STATES that are in recession, however the country as a whole is not.
|
||
16-07-2013, 03:26 PM | #12 | |||
YE-US! Wait. I don't know
Join Date: May 2010
Location: in the turkey...
Posts: 940
|
Quote:
As for the factories the op references, not seeing it over east side. Would be interesting to know what the factories that have closed were - and why.
__________________
"Well. Apparently you're looking for a lion-snake named Harriet." Daily: '06 BF XL Ute,Shockwave Blue, Column Shift, eGas BEAST.
Gone: 77 HZ panel van, 253, column. The Weekender: '06 BF Pursuit, Toxic, lumpy af |
|||
This user likes this post: |
16-07-2013, 03:41 PM | #14 | ||
Regular Member
Join Date: Aug 2010
Posts: 149
|
Over here in the west things aren't looking to good either. We supply structural steel for all major mining projects across the state & at the moment we've got 130+ guys in the shop sweeping floors etc. With no major projects on the horizon things aren't looking promising. We've actually started looking at commercial work again which in turn doesn't help the smaller companies because they can't compete with us.
Anyway, if you listen to our premier everything is rosy & our workshops are full. |
||
16-07-2013, 03:48 PM | #15 | |||
FF.Com.Au Hardcore
Join Date: Jun 2012
Location: Victoria
Posts: 907
|
Quote:
Western Australia has joined the other AFL states in recession as Australia's annual growth rate slowed to 2.5 per cent in the March quarter – a quarter that could be a turning point for the economy. Even on the Bureau's preferred trend figures, total demand or spending in WA has fallen for the past two quarters. Victoria experienced a small rebound in seasonally adjusted government and consumer spending, but on the trend figures, its spending has fallen for the past three quarters. It's the same story in South Australia, while in Tasmania, the trend level of spending has fallen for the past six quarters. Australia's growth is now coming from the State of Origin states and from exports. Whatever the result tonight, the Maroons are now leading the Blues in economic growth and have taken over from WA as Australia's fastest-growing state. Read more: http://www.smh.com.au/business/more-of-australia-now-in-recession-20130605-2npmk.html#ixzz2ZBU9ZRda
__________________
Fords the family have owned: Model T, Model A, Fordson truck, 105E Anglias, MkI Escorts, MkI Cortinas, MkII Cortina, Zephyr Six, ZC Fairlane, AUII Ute manual, BA XT sedan, Territory TS SZ RWD. |
|||
16-07-2013, 03:51 PM | #16 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
|
Mate the facts are the facts...Ford AND Holden have told us just how bad things are.... And there's probably even more bad news on the horizon..... Time to batten down the hatches I reckon....This is gunna hurt!
|
||
4 users like this post: |
16-07-2013, 03:53 PM | #17 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: GOsFORD Central Coast NSW
Posts: 1,930
|
nsw central coast is very slow over the last 12 months, lots looking for work, work hours shortened for those in employment, and business owners saying its the hardest economically they have ever had
__________________
XB Parts Wanted Twin Horns 8-9/74 and lower horn dated 7-8/74, GT hubcaps. GT aircleaner. Please pm me if you can help |
||
16-07-2013, 03:57 PM | #18 | ||
FF.Com.Au Hardcore
Join Date: Aug 2006
Location: Salamander Bay
Posts: 5,427
|
that's the same as the negative talk before the axing of the Falcon. ford could see that and get the impression that if even Ford enthusiasts are negative about the Falcon it's days are done ( thanks guys, you know who you are) . similar things happen with the economy enough negativity kills the economy by killing confidence
__________________
[SIGPIC][/SIGPIC]
Everyone starts off with a bag full of luck and an empty bag of experience. The trick is to fill the experience bag before the luck bag is empty. "It is better to remain silent and be thought a fool than to speak out and remove all doubt." Start a new career as a bus driver Rides: FG2 XR6 stock at this stage but a very nice ride xc 4 DOOR X CHASER 5.8 UNDER RESTO |
||
16-07-2013, 04:03 PM | #19 | ||||
FF.Com.Au Hardcore
Join Date: Aug 2006
Location: Salamander Bay
Posts: 5,427
|
first of all States can't be in recession, recession is a national thing. secondly a reduction in spending is nothing to do with recession a recession is 2 quarters of negative growth meaning basically the country as a whole is looing more money than it earns
Quote:
Quote:
__________________
[SIGPIC][/SIGPIC]
Everyone starts off with a bag full of luck and an empty bag of experience. The trick is to fill the experience bag before the luck bag is empty. "It is better to remain silent and be thought a fool than to speak out and remove all doubt." Start a new career as a bus driver Rides: FG2 XR6 stock at this stage but a very nice ride xc 4 DOOR X CHASER 5.8 UNDER RESTO |
||||
16-07-2013, 04:05 PM | #20 | |||
P6 LTD
Join Date: Feb 2005
Location: Perth
Posts: 3,291
|
Quote:
What I am also seeing is a very determined push from employers to drive down wages/salaries. A recent case was whereby a fellow knocked back a job where the salary was much less than what he was on: he has just been made redundant and is now looking at the same salaried position that he had knocked back before. The moral, a job is better than no job. |
|||
16-07-2013, 04:12 PM | #21 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
|
Hang on these big companies can see the writing on the wall... They employ people to look into future markets and work out whats best for the companies.... Running at a loss is not profitable for them is it?
Actually, i'm surprised Ford hav'nt pulled the pin sooner than 2016. The EcoLPi has been a very slow mover.... And that car saves you money everytime you fill the tank! Last edited by GASWAGON; 16-07-2013 at 04:30 PM. |
||
16-07-2013, 04:15 PM | #22 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
|
Quote:
|
|||
16-07-2013, 04:16 PM | #23 | ||
Regular Member
Join Date: Aug 2010
Posts: 149
|
We've got guys coming in looking for work all day every day but the problem is, we're in the same boat as the company that's just laid them off. Luckily, I work for an employer that will only start chopping as a very last resort. Hopefully the boys will remember this type of loyalty when things come good again.
|
||
16-07-2013, 04:19 PM | #24 | |||
Render unto Caesar
Join Date: Feb 2008
Location: ::1
Posts: 4,226
|
Quote:
__________________
"Aliens might be surprised to learn that in a cosmos with limitless starlight, humans kill for energy sources buried in sand." - Neil deGrasse Tyson |
|||
16-07-2013, 05:08 PM | #25 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Location: Canberra Region
Posts: 8,982
|
Alot of businesses are having trouble getting anything greater than 12 month leases in some commercial areas, which is why alot are empty.
The simple reason is that the landlords are fighting to have the land rezoned into residential, where there is greater potential income. No leases = no leasees = empty properties = Government pressure = rezoning = homes. This may work in the short term, but when there are no businesses to provide jobs, there wont be anyone able to buy homes. The over supply of housing hasnt hit yet, but when it does...
__________________
2016 FGX XR8 Sprint, 6speed manual, Kinetic Blue #170 2004 BA wagon RTV project. 1998 EL XR8, Auto, Hot Chilli Red 1993 ED XR6, 5speed, Polynesian Green. 1 of 329. Retired 1968 XT Falcon 500 wagon, 3 on the tree, 3.6L. Patina project. |
||
16-07-2013, 05:51 PM | #26 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
|
The over supply of housing hasnt hit yet, but when it does...
Yep, and like a previous poster said about all the development going on in Sydney... When the country comes to a halt and those people lose there jobs ther will be mass mortgage defaults and those estates will be ghost estates all half finished with not many living there at all. |
||
16-07-2013, 06:23 PM | #27 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 5,272
|
Quote:
|
|||
This user likes this post: |
16-07-2013, 06:26 PM | #28 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
|
My son has just returned from WA.
Cannot find any work in the last 4 months. Not even a Bunnings/JB hifi/etc job. What's this 457 thingey? |
||
16-07-2013, 07:15 PM | #29 | ||
Regular Member
Join Date: Sep 2008
Location: Maryborough QLD
Posts: 306
|
[QUOTE=blk6t;4813414]Not across all sectors, were still a wealthy and strong economy despite what the media and doom and gloom preachers state.
I manage the development of large land subdivisions (green field sites) within Sydney and we have seen massive growth in the last year and it's not slowing. We cannot keep up with clients buying more land and yelling at us to get it subdivided and ready for new small lot housing. Not only are we developing large areas but they are all pre-sold or selling very fast. Also builders are rubbing their hands because their expecting a large amount of new land owners wanting their new dream home built ASAP. But this all does come at a cost and it is very expensive to develop in Sydney, it only becomes really viable in large portions. Well thats where all the illegal arrivals want to live ,with all their brothers and sisters ,they have to live somewhere ,i reckon better there than here ,Its very quiet here too ,lots of empty shops ,lots of people looking for work and lots of bums not looking just doing break and enters for a living supported by the gove dole |
||
16-07-2013, 07:15 PM | #30 | ||
Regular Member
Join Date: Jun 2010
Posts: 487
|
There will be times when it seems every 2nd house on the street is for sale and buyers just can't be found. There will be times when 4000+ applicants apply for 21 jobs. If you are lucky you will start employment in boom times, if you are unlucky you will start in a bust. It comes and goes around. What is more of an anomaly is that since the mid/late 90's it's been almost constant boom.
|
||
2 users like this post: |