Dictator Kim fat King Jr. died, ha ha ha-Arab Spring will be a coward, he was scared to death ……
需要指出的是，尽管澳大利亚的消费者,变得日趋保守，零售业也深陷泥潭，但和欧美国家相比，澳大利亚的经济,要远远健康得多。首先，由于中国对澳大利亚矿产业的持续拉动，澳大利亚经济的根基,并未被金融危机所动摇；其次，澳大利亚联邦政府是带着财政盈余,走进金融危机，自危机爆发来，联邦政府的负债,也一直保持在很低的水平上；最重要的是，澳大利亚的劳动力市场,一直相对健康，金融危机爆发后,失业率最高的时候,也没突破6%，远低于英美等国家。所以,和其他西方国家相比，澳大利亚人的“去杠杆化”,只能算是小巫见大巫。（作者,系澳大利亚Access Capital Advisers分析师）
Japan after the earthquake, about 200,000 houses were into the sea, many still maintain integrity.
Recently, the “3.11” earthquake in Japan has been drifting over the wreckage of the Pacific, arrived in North America West Coast, the number of large, fast speed, it is unexpected. Meanwhile, the Japanese animal protection groups, after a long effort, has finally been approved by the Government to begin search and rescue after the earthquake, abandoned, at present, may still be difficult to survive Fukushima pet quarantine.
British “Daily Mail” reported recently that “3.11” earthquake and tsunami in Japan the wreckage, has been floating over the Pacific, Yuandu 4500 miles (about 7242 km), arrived in the northwestern state of Washington, USA Virginia Beach, which lasted about 280 days. The debris, including fishing accident, broken furniture, and the bodies of dead animals and human body parts.
March 11, 2011 Iwate earthquake occurred 9.0, a new wave of shock waves, from Heigawa estuary, arrived in Miyako Island. This history of the strongest earthquakes, together with the tsunami, hit Japan, killed more than 15,800 lives and destroyed many of the East Coast neighborhood, the first nuclear power plant in Fukushima triggered a nuclear disaster.
Dictator Kim fat King Jr. Died, ha ha ha-Arab Spring will be a coward, he was scared to death ……
Chongqing, a developer community organization showings by helicopter, time :2011-12.
December 17, Wanzhou Area real estate, renting a $ 18 million of helicopters, helicopter organizations, public showings, and many people stop and experience. Helicopter showings activities, attracting many people gathered to watch.
Korea Institute for National Security Strategy – the South Sung-wook
Australia: from the “excessive” to “conservative”, is well known that Western countries had over-borrowing and over-consumption, though, has been driving China’s exports and the global economy, but also advance the future growth and laid the financial crisis the seeds. Crisis, wake up the West side has a dream, began efforts to reduce consumption, and to repay debt, this “deleveraging” process, they become an obstacle to global economic recovery, an important resistance.
This process seems simple enough, experience it, but “Astonishing” is much more. At first, the Western people specifically how to “over-borrowing” and “excessive consumption”, after the outbreak of the crisis, but also how to become “conservative” out? More importantly, “deleveraging” process, but also for how long?
Before the financial crisis, and other Western countries, Australia’s banking sector, but also keen to increase the amount of lending by increasing profits. At that time, very easy to apply for credit cards in Australia, the bank gives credit limit, and very generous, even for a recently graduated from university community “fresh” and banks are able to give more than $ 5000 credit limit (dollar , and the dollar is now roughly equivalent). Moreover, if the bank found a large amount of cardholder spending, but also often take the initiative to contact the cardholder, asked whether the need to improve their credit limit, this increase also often repeated, so that cardholders – unknowingly , the back of a debt.
In the mortgage, the Australian bank, is “generous.” For the first time home buyers, banks generally give the total price 90% to 95% of the loan amount. For real estate investors, is to launch a bank, equivalent to 100% of the total housing loan products, so that investors can not dig a penny the first payment on the purchase of a property.
In order to expand the business, the major banks in the media to do all kinds of credit card and mortgage advertising, overwhelming, many returned to front-line employees, assigned sales tasks, requires that each week, how many credit cards to sell, or check out how many housing loans. The total number of bank employees, increase. According to UBS statistics, the number of Australian banking practitioners, in between 2002 to 2010, an increase of close to 1 / 4, much higher than the rate of population growth in Australia.
1995 to 2005, ten years, Australians’ disposable income, annual real growth of 2.0%, but the actual annual consumption growth has reached 2.8%. The results after 2002, the Australian household savings rate has fallen to around zero, and several times fell to a negative value.
Australian retail benefit. Before the crisis, Australian retail sales growth was once kept at about 8%, the new shopping center, have been erected, and various well-known chain of retail brands, four camp.
Similarly, the real estate market, but also “thriving”, many cities, housing prices, the annual increase of more than 10%, even 20%. Many people are afraid to miss this round of price surge – not the house, want to buy a house; bought a house, want to change a bigger house; have a big house, and would like to purchase the investment house.
Of course, there is no free lunch, accompanied by this array from the consumption and investment boom, as well as Australian debt steadily jump up. According to Goldman’s statistics, in the 1990s, the Australian family’s total debt amount, only about 45% of GDP, but, to the end of 2008, this figure has climbed to a dizzying 110% or more.
Unfortunately, there is always feast also dispersed the moment, immersed in the Australians in the lending frenzy, when the financial tsunami hit.
First of all, rely heavily on overseas credit markets, to support the expansion of the domestic Australian banks, credit markets frozen, caught off guard and almost lost overseas financing; Secondly, Australia’s domestic economy, rapidly weakening, consumers and investors became pessimistic, consumption and investment have fallen sharply.
In order to stabilize the situation, the Australian Federal Government has taken a series of stabilization measures, including, for the banks to provide credit guarantees, and implementation of economic stimulus package. After some running around in circles, the Australian economy, although through a dangerous moment, prices, and even contrarian growth, but the effect of stimulus measures, after all, is temporary, slowly subsided after I scared uncertain Australians began to change have become increasingly cautious.
The reason people become cautious, very simple: First, witnessed the thrilling after the financial tsunami, Australians aware of – the global economic environment is still very dangerous, understand – if, like Australia, like Europe, is involved in the recession, he may at any time will rice bowls; Secondly, many Australians pensions are in financial turmoil, suffered heavy losses, personal wealth fell sharply; In addition, equally important is that Australian house prices, although not experienced the collapse of British-style, but continued small decline began, and a serious impact on consumer confidence.
Changing attitudes, and soon the economic data, reflected Australia’s savings rate, from around zero before the crisis, rising to more than 10%, banking deposits, the proportion of total loans, but also from the financial crisis 40% before, up to 50%.
The latest Australian Bureau of Statistics data show that as of October 2011 in the 12 months, Australia’s non-food retail sales, increased by only 2.4%, much lower than before the crisis. If only to see the month of October 2011, Australia’s eight states and territories where there are four more retail sales, declined. Among them, the sub-sectors, the situation of the worst department stores, sales in the month, down 0.7%.
Major retail giants, is devastated, Australia’s largest department store chain Myer, the latest quarterly report, and compared to the same period last year, in August 2011, to 10 months of sales, down 3.5%, while its main competitors David Jones, the decline in sales over the same period, it is 11.2%, the highest since listing – the largest quarterly sales decline. Myer’s chairman, with “I have been in retail 35 years, the most difficult sales environment,” to describe today’s market environment, Australia’s largest supermarket chain Woolworths Group chairman also said that in 2011, “is undoubtedly a very long period of time, for the retail industry, the biggest challenge of the year. ”
It should be noted that, despite the Australian consumer, has become increasingly conservative, retail, are also deep mire, but European and American countries compared to Australia’s economy is much healthier. First, because China is Australia’s mining industry continued driving, the foundation of the Australian economy, has not been shaken by the financial crisis; Secondly, the Australian federal government with a fiscal surplus is, into the financial crisis, since the crisis, the federal government’s debt , has been maintained at low levels; most importantly, the Australian labor market has been relatively healthy, the financial crisis, when the highest unemployment rate, there is no more than 6%, well below the Anglo-American countries. Therefore, and other Western countries, Australians, “deleveraging”, can only be regarded as trivial. (Author, Department of Australia Access Capital Advisers analyst)