Australia enters recession

We're fucked lads.

I tried posting it here but no bumps. Fuck I hate how dumb most people are.

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why pol?

wtf

Australia is fucked.

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This the big one isn't it.

Who would have thought if everyone had no money and $2 000 000 000 in debt that it could hurt the economy?

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The Australian dollar is useless. No buying power and we're the laughing stock of the world.

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>That graphic
I want to say this is WTF but without a baseline of comparison it's hard to say.

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The richest woman in the world is Australian,
Impressive to say the least.

Isn't Australia's housing bubble being inflated by China?

I these hate boomers so much bros

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I know literally nothing about the oz economy. But I know that when one pageet on biz is being this relentlessly autistic you gotta do the opposite

The market has been crashing for 2 years and barely a peep about it in (((mainstream media)))

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How dare you call me a poo. I'm the last fucking white cunt in all of Sydney.

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why is that, did china stop buying?

Maybe on their death bed they will realize their sins

There better be a fucking hell or reincarnation or I will float through ghost space with a intergalatic xim/xer lynch squad

>Property is Australia's biggest industry
Just like the chinks LMAO, also the murricans are running in fumes of boomer stocks. Rev up those shorts boyos

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Based president Pooh actually stopped capital outflows instead of turning a blind eye like they did for at least a decade. Vancouver is going to follow a similar trajectory and the boomer salt will be epic.

> MY 60K HOUSE INVESTMENT IS WORTH 2 MILLION I WORKED HARD FOR THIS
>I DERSERVE 40 YEARS OF INFINITE STOCK GROWTH. DO SOMETHING GOVERNMENT !!!!


>These Gen y are so entitled, nobody ever gave me a hand out!

bump

Summed up nicely.

God damn boomers. Crypto is the only way to get back at those bastards and get some of the wealth they stole from us back.

for a while I didnt get the term stolen wealth, I mean how can you steal something from someone before they were even born.

But I get it now, theyve taken the oppertunites of a generation and are settled on sitting on their golden pots of wealth shreiking at the youth to work hard and that they did the same thing, until they die and even when they die their assets and capital are all bought up by other boomers and nepatismic leeches that are fit to succle on their parents wealth till death

Ha, had a friend that lived in Panania. Got approached by two Lads late at night near a kebab store. Pretty sure I left a 15yr old in the gutter. Fucking shit hole.

homeowners in australia are retarded and deserve to lose money. that is what they get for watching the block and thinking they can make money.

Bankers and investors don't even have faith in Australia lol
In fact, they'd all jumped ship to the USD and the Dow.

Yep anyone with brain knows its best to keep your money out of Australia. Im sure many would like to invest locally and help the country, but its just too much effort to piss money down the drain. Its almost as if government wants everything to fail.

Based post, thanks for posting some quality content. Can't wait until it all comes tumbling down
>tfw all my income comes from overseas in USD/Euro

I really hope I'll make enough money to afford immigration to your prison island before prices start going up again.
god please

Burger here, just got back from Australia. I can't fucking believe how nice it is, despite the chink invasion.
How do things look on the immigration front? Is your government going to ethnically cleanse you as fast as Europe or the US?

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Why are share prices going up, up UP?

When US stocks dump and the AUD appreciates in relation to the USD

remember how cocky we were making fun of the Americans in 08 with our never ending mining boom

How do I profit off this apart from buying short selling etf's on the asx (like bear and bboz)? I'm going to lose my job in this recession and the gains I make short selling are going to be somewhat lost by our currency losing value.

>more than 1 in 4 people
so 1 in 3 then?