Registered: Apr 2012
08-17-12 08:50 AM
not going to repeat details known to anyone but here are the reasons to switch your thinking before is too late:
1. europeans buy german cars like australians buy investment property. Forward 10 years 100k bmw is worth 0, investment property does 4% pa return. Although quality of built is not good most residential buildings last 40 yers or more.
2. EU lost Lybia as trading partner. Most contracts these days go to us companies.
3. EU lost Iraq as trading partner. Most contracts these days go to us companies.
4. Russians loaded with AUD, they do the homework and are rarely wrong.
5. There is large pool of oldway thinking investors that see AU as bogus economy full of property investors and mining pits. Hahaha. Ask them what returns they have lately
6. Majority of workers in eu does nothing - public servants. Only economic function is to spend their wages. This effect is much smaller in AU.
7. Work done in EU is rapidly losing value due to cheaper labour elsewhere. Not everyone can be in management.
8. Last but not least important. Mediterannean is becoming dead sea. This impact fishing industry, increase criminal (ex fisherman) and tourism.
what are your reasons for opposite ?