So you plan on getting married in Singapore? Ouch. Maybe you can persuade the family to come to Australia?Originally Posted by iceburn
I guess I do worry a bit. I've always wanted to ensure myself as being financiallly secure in the long term even though the short term might not be too flash for me and I'm just worried it all might go down the drain.
While I do agree that this is all part of the cycle, the medium 3-4 years could be hell. And sure, we'll all survive it but just what state will we come out of it? The Australian Banks are fine, yes, but if there is a global downturn it will affect the level of employment across the board. With the problems arising in Europe too, this is just about to get worse. They're in damage control over there and the German chancellor's actions has me wondering about how the EU will hold up in tough economic times where each country needs to start looking after itself.
All this translates to over here a lot of bad times. We are pretty dependent on the world economy for our prosperity. Maybe not Europe as much but certainly there are flow on effects.
The other thing I fear about this is the emergence of a new powerhouse when the dust clears.
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