Given the state of the world’s financial situation at the moment you would probably think that there was little hope of a turnaround anytime soon – yet I’m prepared to go out on a limb and say that an economic recovery for Australia is just around the corner.
I’m no economist and I don’t pretend to know a great deal about financial matters on a global scale, yet I do believe that a turnaround is coming reasonably quickly for Australia. I really see no reason for that not happening soon. Sure, things still look pretty grim around the world, but things here really aren’t as bad as elsewhere and the panic in Australia is somewhat ill-founded I believe.
Perhaps a good tip at the moment would be to invest in real estate and the like at the moment – rather than in shares and banks. Banks rip you off anyway! I just won a dispute with a bank over fees and charges after threatening to go to the industry ombudsman (or whoever it might be).
Just some amateur thoughts perhaps …