SA Footy

Thank god for Kochie explaining how I can "survive the crash"... I was wondering how I was going to make through...

Talk about a media outlet trying to blow something out of proportion...

(Sure it's big for the US, but doesn't have the same implications for Australia)

I beg to differ CC.. the amount of money the US government is forking out to rescue the lenders/insurance companies would affect re-insurers and force up insurance costs wouldn't it?

I think that affects all of us

Footy Chick wrote:I beg to differ CC.. the amount of money the US government is forking out to rescue the lenders/insurance companies would affect re-insurers and force up insurance costs wouldn't it?

I think that affects all of us

What happens when the bailed out Companies go kerbang again. Surely it would have similar or even worse implications as Wall Street 1929.


I have already been affected my Super as per the last statement I received has lost money. On the bright side I still have at least 30 + years of my working life ahead of me yet. Also I have a managed fund due to finish up in about 15 months time. I am more worried about this and are now preparing to receive the money I invested and not much else

Footy Chick wrote:I beg to differ CC.. the amount of money the US government is forking out to rescue the lenders/insurance companies would affect re-insurers and force up insurance costs wouldn't it?

I think that affects all of us

I work for an Insurance company. Expect your premium to rise by about 10% upon renewal. I think I'll be able to find the extra $100 or so per year...

The point I'm making is that certain media outlets will try to exploit any situation. The promos for this program were way over the top...

Cambridge Clarrie wrote:

Footy Chick wrote:I beg to differ CC.. the amount of money the US government is forking out to rescue the lenders/insurance companies would affect re-insurers and force up insurance costs wouldn't it?

I think that affects all of us

I work for an Insurance company. Expect your premium to rise by about 10% upon renewal. I think I'll be able to find the extra $100 or so per year...

The point I'm making is that certain media outlets will try to exploit any situation. The promos for this program were way over the top...

I know that Clarrie , I also agree with you

Agree with the sentiment about the exploitation of the situation by the media.
That's the problem with the 'free' press, we often get what we pay for!

Anyway, the great American President Franklin D. Roosevelt once said "The only thing we have to fear is fear itself".
This was in the context of the Great Depression, when people were panicking and withdrawing their bank deposited money.

Once again there is no need to panic, but be sensible instead.
Media organisations love a crisis and it gives then plenty of ammunition to feed on the fear of the average person.

You've got to remember chaps that Kochie's favourite sport is finance. He lights up whenever he talks about it and an impending market crash is akin to a blockbuster finals series for the bloke. He loves it!

regards,

REB

It hasn't been that regular a topic on the Yahoo home page, so thanks for filling me in on the spin this story is receiving back home in Oz.
It is on the Japanese news every night.
An Australian friend of mine dropped by the other day, advising that now would be a good time to stock up on non-perishables, as he reckoned the crisis may spread so far as to stop food getting to supermarkets. I am unsure about that, and I haven't kept myself so well informed about what's going on, but I think there may be some hard times ahead for the Americans.
What will happen if they get another Katrina? No emergency money (all spent in Iraq to hide the cost of the war) and now another $700 billion just gone, I don't know how much more Congress' piggy bank can take.

I think $700bn is about 20% of the govt's annual spend theri.

What p1sses me with all of this is the big 4 UK banks collectively made £40bn ($82bn) profit last year alone. Less than a year later 2 of them are effectively bankrupt and the other two are sat waiting for govt hand outs to save them.

F$%king yanks are responsible for this global crisis.

Don't blame others John...