Comments on: The World Economy is in the Worst Shape Since WWII http://www.dailyreckoning.com.au/the-world-economy-is-in-the-worst-shape-since-wwii/2009/01/13/ An independent perspective on the Australian and global investment markets Tue, 16 Mar 2010 15:46:40 +0000 http://wordpress.org/?v=2.8 hourly 1 By: beyondtool http://www.dailyreckoning.com.au/the-world-economy-is-in-the-worst-shape-since-wwii/2009/01/13/comment-page-1/#comment-61183 beyondtool Thu, 15 Jan 2009 01:25:42 +0000 http://www.dailyreckoning.com.au/?p=4757#comment-61183 Yeah it's pretty temping these days. You walk into any retail shop and the sales are screaming 50% -75% off, I've been quite tempted to think well that's so cheap I may as well buy one. Ebay is doing a good trade these days so much stuff and still quite a few people in Australia want to pay for more crap. I must admit I bought a few books recently for $6 at Dymocks. I mean $6 I can't even remember the last time books were that cheap! I managed to flip the situation, and instead of going on a huge spending spree (well I did have a short holiday but it's wasn't too XX) I'm selling crap that's been sitting in my cupboard for ages instead..while there are still buyers around. House prices in Northern NSW are just starting to come down, so I'll give it another 12 months and take stock, heck might be able to buy a house outright if the housing market loses 75% in Australia! Yeah it's pretty temping these days. You walk into any retail shop and the sales are screaming 50% -75% off, I've been quite tempted to think well that's so cheap I may as well buy one. Ebay is doing a good trade these days so much stuff and still quite a few people in Australia want to pay for more crap. I must admit I bought a few books recently for $6 at Dymocks. I mean $6 I can't even remember the last time books were that cheap!

I managed to flip the situation, and instead of going on a huge spending spree (well I did have a short holiday but it's wasn't too XX) I'm selling crap that's been sitting in my cupboard for ages instead..while there are still buyers around.

House prices in Northern NSW are just starting to come down, so I'll give it another 12 months and take stock, heck might be able to buy a house outright if the housing market loses 75% in Australia!

]]> By: Coffee Addict http://www.dailyreckoning.com.au/the-world-economy-is-in-the-worst-shape-since-wwii/2009/01/13/comment-page-1/#comment-61118 Coffee Addict Wed, 14 Jan 2009 04:32:45 +0000 http://www.dailyreckoning.com.au/?p=4757#comment-61118 And Australians fiddle while the rest of the world burns (in the manner Bill depicts). First home buyers seeking a life of debt serviture along with the risk of going upside down on this debt are out there as I type. And they're still shopping. Actually I don't blame them. I've been doing a bit of spending myself though not on heavily overpriced real estate. And Australians fiddle while the rest of the world burns (in the manner Bill depicts). First home buyers seeking a life of debt serviture along with the risk of going upside down on this debt are out there as I type. And they're still shopping.

Actually I don't blame them. I've been doing a bit of spending myself though not on heavily overpriced real estate.

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