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recession

Thumbnail image for 2009 June 19 Real Estate: Marquette Turner Luxury Homes eMagazine

2009 June 19 Real Estate: Marquette Turner Luxury Homes eMagazine

This issue of our luxury real estate and lifestyle eMagazine features articles on Iran, Social Media, Design on the Mornington Peninsula, The Quality of Life Best Cities in the World courtesy of Tyler Brule’s Monocle, Lamb Recipes, Quotes, and the usual features of fabulousness.

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Thumbnail image for Michael Marquette’s “View from the Bridge”: Spending Frenzy, Recession, and Real Estate

Michael Marquette’s “View from the Bridge”: Spending Frenzy, Recession, and Real Estate

Michael Marquette, Partner at Marquette Turner Luxury Homes, looks at how real estate in Australia continues to suffer by the senseless need to use credit as if it were “free cash”.

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Thumbnail image for Australian Interest Rates Cut to 50 Year Low

Australian Interest Rates Cut to 50 Year Low

The Reserve Bank of Australia has cut its benchmark rate by 25 basis points/a quarter percentage point to 3%. Even though most economists expected no change, the rates have been cut to their lowest level since 1960.

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Thumbnail image for What the !@$%…?  When Does a Recession Become a Depression?

What the !@$%…? When Does a Recession Become a Depression?

The word “Depression” instantly conjures up black and white images of people waiting in line for bread and soup in America from the Great Depression 1920’s and 1930’s, when the world economy plunged dramatically. The effects were felt in pretty much every country, rich or poor, and international trade decreased by approximately half to two-thirds, as did personal income, tax revenues, prices and profits.

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Thumbnail image for The MASTERPLAN Part 3 – Government Debt (with podcast)

The MASTERPLAN Part 3 – Government Debt (with podcast)

It is a staggering amount of money, almost incomprehensible but currently the United States Government is running a General Fund debt of approximately $11 trillion. I find it too hard to fathom but they really are – what are they thinking? The US Debt is spiraling out of control. On October 18, 2005 the outstanding US Public Debt past $8 trillion and is increasing by approximately $1 trillion each year. Put another way the US Public Debt increases by approximately $3.6 billion US each day.

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Thumbnail image for Michael Marquette’s “View From The Bridge”: The Frosty Politics of Misery (with podcast)

Michael Marquette’s “View From The Bridge”: The Frosty Politics of Misery (with podcast)

With so much continuing to unravel economically around the world, it is impossible to accurately assess when we will reach the bottom. Each day that passes seems to indicate a deeper and more severe set of problems than first predicted.

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Thumbnail image for Sydney Real Estate Prices Tumble

Sydney Real Estate Prices Tumble

Property prices in Sydney are falling fast, with the Luxury Harbour Suburbs taking the biggest tumble. Housing prices in the Eastern Suburbs fell 14% last quarter, with the Lower North Shore decreasing by an equally huge 13% for the same period.  With Sydney’s median house price now officially at $536,000, $32,500 less than the $568,500 reached in early 2004, it is now time for vendors to get real or suffer the consequences.

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Thumbnail image for Australian Interest Rates at Lowest Level in History

Australian Interest Rates at Lowest Level in History

The Reserve Bank has slashed interest rates to the lowest level in history to 4.25%. The Reserve Bank cut rates by a full 100 basis points (1%), making property an attractive option for those in search of investment options given the volatility of the stock market. Australian interest rates have averaged over 8% for the […]

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Australia Will Likely Avoid Recession

Australia’s economy will avoid a recession next year, helped by lower interest rates, government spending and exports. A recent Report (Economic Outlook No 84) by the Paris-based Organization for Economic Cooperation and Development (OECD) stated that the Australian economy will grow 1.7 percent in 2009 from 2.5 percent this year, before accelerating to 2.7 percent […]

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