So, what time is it on the economic clock?

[Brendan]

This question was raising in another forum I am part of and I thought it was a good discussion topic, so I am going to post it here..

If we were to look at the economic clock.. what time do you think we would be at?



What time do you think it is in Australia on the economic clock?

[Slade]

I rekon we are at about 6pm..

[crackers]

its about 5 o clock in australia i think.

Except commodity prices have kept rising!

[Slade]

Ok.. thought I would open this thread again..

What time do we think it is now?

I'm guessing about 8pm..

[one]

You'd have to say about half past eight, but equities and resources still have a long way to go to their 2007 (equities) and 2008 (resources) highs.

The clock is a good visual way of demonstrating my comments in an earlier thread stating that (generally) the share market is a leading indicator and property prices are a lagging indicator.

[The Business Sage]

Well for some who believe this year we may experience a double dip, the clock is out of whack.

By the way, from memory (which means I may be a bit wrong), this clock was invented by a Melbourne-based guy called Rod North from Bourse PR/Communications.

People have copied it left, right and centre and he never gets credited. So, if you are reading this now Rod, consider yourself credited (though you should make a note that if you ever do this again, ensure you secure the IP on your design).

[abd]

I would say it's about 8:27 on the clock. Although I think 2010 will be a little up and down and things should start to make good progress by about 2012.

[one]

For sure, it's not just going to be a steady recovery back to the good old days, but volatile times often provide great opportunities. For example, I've been moving my super around since November 2007 (just before the decay started in the share market) and over that time I've managed to increase my super by around 30% during a time when most people are down by the same percentage! You can't do that sort of thing when the markets are behaving normally, but like I said, volatile times are good for those will the balls to have a crack.