The financial media has many experts making all kinds of prediction for the stock market in 2022.
Many experts expect a crash or a correction in 2022 due to inflation, leading to higher interest rate and a slowing economy.
Others expect the economy and the stock market to remain steady. Few are expecting spectacular growth in 2022.
I give my perspective.
3 comments:
By Gary J. Matthews
Ten years ago Australia had five car manufacturers, Ford, GMH, Toyota, Nissan and Mitsubishi. Now we have none. All gone overseas and the reason given? Costs were too high. Funny in that the cars we are now importing (Malaysia etc) are no cheaper. I remember back in 1968 living in Brisbane, when the 3 major cities back then were Sydney, Melbourne & Adelaide, and Adelaide was the Industrial City. Adelaide - South Australia, was where you went to work in the Iron Ore Industry, or where you could get a job making railway tracks for B.H.P. You could get a job building ships, submarines, cars, washing machines, fridges, TV’s, Hills hoists, Victa Lawn Mowers or make tyres at Bridgestone tyres. Lightburn Washing Machine Company even made a car called a Zeta. It was not much of a car but we built it. I worked at Stanvac where we made our own Petrol, Diesel, Kerosene and Oil. We had Oil Rigs in Bass Straight, North West Shelf and the Timor Sea.
We even had Australian owned Service Stations like (H.C. Sleigh) Golden Fleece and many of us young wanna-be mechanics back then worked as a driveway attendant. (remember the TV ad with Stanley the driveway attendant).
I remember catching a train from the city to Gawler and then on to Freeling, Hamley Bridge, Stockport, Riverton, up to Clare, Gladstone, Laura etc. And all these towns were bustling with activity, and on the weekends they were all open for business. Our shops were filled on every shelf with food and products all proudly made or grown, in Australia. Our fridge was full of Lamb Chops and Steaks because it was cheap as we were a huge Lamb and Beef growing Nation. Once a month Mum would make us a delicacy! It was called a Sunday Roast Chicken.
I remember when we all had trade skills & high quality tools that'd last & last. But most of all we had Mates. We as Australians watched each other’s backs even if we had not met yet, & we all said 'G’Day' to everyone with a smile.
The Most Accurate Summary Of Where We Are Today
Given the riots by the Scum in Melbourne today, this is a fantastic summary of where Australia is today and precise reasons for where we’ve gone wrong. God help us and our magnificent country.
I have lived long enough to remember our country at it's best and I have watched its decline to the bottom of the bucket through greed. I have watched our workers price our industries out of existence through greed. I have watched our politicians degrade from statesmen to corrupt self-serving arseholes who don’t give a dam for the country or it’s citizens. The presentation below is pretty bloody accurate!!!!!!
Is there anyway we can recover ?
ONE OF THE REASONS WE CLOSED DOWN INDUSTRY WAS DUE TO THE DEMANDS OF UNION PAY RISES.BEFORE THE FORD COMPANY CLOSED HERE, THE LOWEST PAID IN THE FORD FACTORY WAS GETTING $120,000 FOR SCREWING ON THE WHEELS OF THE NEW FORD VEHICLES. THE SAME HAPPENED TO OUR SHIP BUILDING INDUSTRY, MINING ETC. WHY MOST PEOPLE AROUND THE WORLD HATE GLOBALISATION By Gary J. Matthews
Now we have so many Laws that we have just about outlawed ourselves. But I guess we need even more laws, so now we will have Sharia Law as well. We now pay for water that falls out of the sky at $3.80 a litre. Now we have taxes for everything. Taxes for carbon, taxes for sake of having taxes, (they're called Levy’s). And don’t forget the newest tax, the ISLAMIC TAX (Halal Certification). Now here in South Australia in our towns we have Railway Stations and railway tracks, but no trains. We have Public Bus Stops in our Towns but no buses. We have Hospitals and Clinics but very few Doctors or Nurses. We all have Mobile Phones and many still have little to no reception. We have Digital TV’s with bugger all Signal in the country And the worst of all, is our once great nation is being sold off, piece by piece to every other country on earth, except us ‘Tis very sad but very true!
Enjoy what’s left while you can ~ it won't be around for much longer. The Australia we knew when we were growing up is now STUFFED!!!
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