tag:blogger.com,1999:blog-7795390.post455407772035278233..comments2008-10-28T20:28:41.641+10:00Girl Clumsyhttp://www.blogger.com/profile/01056312179921746322noreply@blogger.comBlogger18125tag:blogger.com,1999:blog-7795390.post-85180546055208592412008-10-28T20:28:00.000+10:002008-10-28T20:28:00.000+10:00Wow! I actually understand now! Thanks girl clumsy, I was seriously boggled about how it all worked, all I knew was that it was the ebb and flow of finance.Kath aka Sleepydumplinghttp://www.blogger.com/profile/13301673308868272260noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-87402091076708730442008-10-28T18:23:00.000+10:002008-10-28T18:23:00.000+10:00i have little or no doubt G C u will be ceo of fairfax ltd...<BR/><BR/>that beautifull cruise liner is in brissy atm...<BR/><BR/>ooooh man that wld b sooo cool walking her decks let alone sleeping above her waterline<BR/><BR/>cheerscrazy horsenoreply@blogger.comtag:blogger.com,1999:blog-7795390.post-46419553642627075232008-10-28T18:19:00.000+10:002008-10-28T18:19:00.000+10:00that's all well and good, but have you watched THE BREAKFAST CLUB yet?!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7795390.post-89660626459319752452008-10-28T18:10:00.000+10:002008-10-28T18:10:00.000+10:00Just more proof I need to find me one of those awesome fat cat jobs!<BR/><BR/>I'll ride out the financial crisis on my super-yacht, sipping sweet wine while surrounded by palm-leaf waving Chippendales. Nice.Girl Clumsyhttp://www.blogger.com/profile/01056312179921746322noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-2250554685125390002008-10-28T18:06:00.000+10:002008-10-28T18:06:00.000+10:00or may a 1000 fleas infest their armpits<BR/><BR/><BR/>cheerscrazy horsenoreply@blogger.comtag:blogger.com,1999:blog-7795390.post-62809706171347131102008-10-28T18:01:00.000+10:002008-10-28T18:01:00.000+10:00To complete my rant <BR/>Did you all see the piece in the CM today?:<BR/>"Australian fat cats get richer three times faster"<BR/>Apparently from 2001 to 2007 the pay increase for the 69 CEO's in the Oz top 100 companies was 106% against the 32% in the average adult weekly earnings.<BR/>When you consider that they started out a lot higher up the ladder to begin with and, no doubt, got their contracts paid out when they stuffed up then it is true:<BR/>"Hangings too good for them" <BR/>(not sure who said that)<BR/>And to continue with GC's Shakesperian theme:<BR/>"A pox on all their houses"The Ancient Manhttp://www.blogger.com/profile/09536314595011559198noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-63749511669013111932008-10-28T17:15:00.000+10:002008-10-28T17:15:00.000+10:00your spot on ancient one<BR/><BR/>my partner and i r thinking about getting another horse..<BR/><BR/>i may call him fuel junky<BR/><BR/>i can c him now racing down the straight..<BR/><BR/>10 litres in front<BR/><BR/>cheerscrazy horsenoreply@blogger.comtag:blogger.com,1999:blog-7795390.post-32436111206290644082008-10-28T17:08:00.000+10:002008-10-28T17:08:00.000+10:00I don't think I was whinging about fuel in particular (although the thought of jelly wrestle is curiosly stimulating)<BR/>My complaint is the fact that fuel companies like to beat their breasts about their inherent goodness when the blowtorch is applied but, given the opportunity will screw the public (ie when everyone is too busy to notice) till they squirm.<BR/>They will also try the old "don't blame us it's the Oz dollar" in the next week or so<BR/><BR/>I agree that we don't curse CC Amatil or Woolies and Coles <BR/>Maybe we should man the barricades, fill the molotov cocktails and go and visit the above mentioned.<BR/>Although at $1.32 a litre we won't get too many bangs for 10 bucks...<BR/>Did you know that there was a time when CCA was looking at vending machines which would adjust their price according to the daily temperature ( temp. up = price up)<BR/>I think it all fell through when it was realised that most vending machines were in A/C'd buildings <BR/><BR/>Congratulations on the B, GC<BR/>Soon you will be the Noel Whittaker of the web ...and much better looking.<BR/><BR/>Scuse me must go:<BR/>I like aeroplane jelly, aeroplane jelly for me, Tra la la...The Ancient Manhttp://www.blogger.com/profile/09536314595011559198noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-12699992849337757362008-10-28T16:46:00.000+10:002008-10-28T16:46:00.000+10:00i dont know if anyone else likes 2 have a wager on the cup next tuesday?<BR/><BR/>i just love this time of year<BR/><BR/>anyone having a bet<BR/><BR/>the best of luck<BR/><BR/>cheerscrazy horsenoreply@blogger.comtag:blogger.com,1999:blog-7795390.post-63475651633724143702008-10-28T16:32:00.000+10:002008-10-28T16:32:00.000+10:00i wasnt whinging about fuel prices<BR/><BR/>i just dont understand them<BR/><BR/>i drive a v8 so i knew the score<BR/><BR/>fuel junky and proud...<BR/><BR/>cheerscrazy horsenoreply@blogger.comtag:blogger.com,1999:blog-7795390.post-59933672761421553842008-10-28T13:52:00.000+10:002008-10-28T13:52:00.000+10:00A "B"?!?!?<BR/><BR/>I'm quite proud of that!Girl Clumsyhttp://www.blogger.com/profile/01056312179921746322noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-4277702852580994322008-10-28T13:00:00.000+10:002008-10-28T13:00:00.000+10:00He gave it a B.Chrisnoreply@blogger.comtag:blogger.com,1999:blog-7795390.post-64358602592266713552008-10-28T12:08:00.000+10:002008-10-28T12:08:00.000+10:00Hey guys!<BR/><BR/>Thanks for the positive feedback!<BR/><BR/>Alice you're right, it is crappy for importers - I should not have held off on buying a bunch of books from Amazon!<BR/><BR/>And Chris, thanks for adding in that extra detail. Although I'm a bit embarrassed you showed it to an economics lecturer! Yikes!<BR/><BR/>I'll leave the Wah and the Ancient Man to jelly wrestle the big oil companies!Girl Clumsyhttp://www.blogger.com/profile/01056312179921746322noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-23228177894362411972008-10-28T11:03:00.000+10:002008-10-28T11:03:00.000+10:00Hey GC, just shared this with the senior economics teacher here at work and he was rather impressed. The factor you overlooked, in his exceptionally learned opinion, was that when the interest rates are high, overseas investors are lured into putting money into Australian banks with a view to getting better interest rates due to the higher interest reserve. When these people suddenly lose a lot of money, such as in the sub-prime crash, they grab their money ans skidoodle.Chris Snoreply@blogger.comtag:blogger.com,1999:blog-7795390.post-14027688145013007832008-10-28T10:00:00.000+10:002008-10-28T10:00:00.000+10:00Im always darkly amused by the fact people think that fuel companies have to lower the price for fuel because the oil is cheaper. Why? They have a commodity that you want. They charge what they want and if you don't like it.. don't buy it. They are not an elected body, they are not a government agency, they are not your friend, they are a business.. probably the world's biggest. When the price of sugar goes down in the world I have never heard anybody say "Damn that Coca-cola-Amatil the sugar is cheap by fizzy drinks are still three dollars a bottle from the machine". Of course we need oil more than fizzy drinks... and the oil companies know it and charge accordingly. So, feel free to vent your spleen at our society's idiotic dependence on sweet light crude but stop making it sound as if oil somehow belongs to the people of the world and the oil companies are criminals hogging your oil. It is a commodity they dig from the ground, refine and pass onto to you.. and you are the junky desperate for their next fix and whinging at how their dealer doesn't treat you nicely.<BR/><BR/>Get off the junk, junky.The Wahhttp://www.blogger.com/profile/10077801792066094903noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-24162801356186310552008-10-28T09:46:00.000+10:002008-10-28T09:46:00.000+10:00Stupid Australian dollar! It doesn't only affect travel obsessed types, it also affects those of us who like to buy our clothes and things online! Especially in time for halloween :(Alicehttp://www.blogger.com/profile/14312554218379340815noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-73185228354685693382008-10-28T09:00:00.000+10:002008-10-28T09:00:00.000+10:00As I understand it, the reason for the A$ heading downwards (like the world trade centre) is due to hedge funds arriving at the time when loans have to be repaid. <BR/>As they didn't see the this particular traincrash coming, they now have to find lots of US$ to cover their repayments, so they are selling off all of their other currencies.<BR/><BR/>As to the sub-prime disaster, the people who couldn't afford to buy a house under any circumstances were offered(by mortgage brokers, whose job it is to sell houses) not only 100% of the value of the house but also enough to cover all other costs plus the brokers fees ie about 120%. The brokers then sold the loans to the US banks, who, in turn on-sold them to other banks around the world <BR/>All went well until Wile-E-Coyote very slowly put his foot through the cloud and found there was no nothing supporting him and it was WTC time around the world.<BR/><BR/>As far as fuel is concerned I think it is a case of the fuel companies getting away with it..<BR/>Yes the A$ has dropped 25% but a barrel of oil has dropped 50%<BR/>According to figures I have heard of, the price of a litre of petrol should drop (or rise) by one cent for every one dollar the price of a barrel goes down (or up). The oil price has reduced to about $70 per barrel, add on the reduction in the A$ and as CH says we should be benfitting by about 26cpl,<BR/>But of course until the government says "Hang on..." the fuel companies will go on making their windfall profits (you haven't heard them complaining about the shocking state of the world, have you)and, of course the Government is too busy keeping it's eyes on the worldThe Ancient Manhttp://www.blogger.com/profile/09536314595011559198noreply@blogger.comtag:blogger.com,1999:blog-7795390.post-81130713410803233022008-10-28T05:07:00.000+10:002008-10-28T05:07:00.000+10:00your pretty close girl clumsy if not actually spot on?<BR/><BR/>most currencies are floated and their mainly rated against the us dollar as the american economy is the biggest or was anyway...<BR/><BR/>the sub prime dramas were the trigger..<BR/><BR/>banks lending 110% on the true value of homes..multiply this by a few million and people r paying off homes worth nowhere near their mortgaged value..<BR/><BR/>something had 2 give...<BR/><BR/>between 10 and 20 million homes r now empty as people have quite simply just walked...<BR/><BR/>the dollar being low is terrfic for exporting aussie goods most particularly the farmers..but remember its still worth 100 cents within our shores..<BR/><BR/>i dont understand at all the price of fuel...the price of crude has dropped by more than half yet we r still paying 26 cents more than we should..<BR/><BR/>and yes goods coming in will increase..<BR/><BR/>the people in the know..financial planners / accountants etc tell us we must stop spending and economise..<BR/><BR/>but<BR/><BR/>if we all do this?..the economy will grind 2 a halt...<BR/><BR/>i guess we need 2 do both..we both must spend and economise at the same time..<BR/><BR/>but if we check history on recession/depression...this is a so called ( normal occurance )....<BR/><BR/>perhaps they need 2 happen???<BR/><BR/>ironicaly...<BR/><BR/>if world war broke out...for the first part the worlds economies would boom...hard 2 find cash / credit would all of a sudden appear from the black hole!!!<BR/><BR/>is the pound really that sweet?<BR/><BR/>cheerscrazy horsenoreply@blogger.com