Word Economy and SMEs in 2012

Discussion started by Mr Amish , on Wednesday, 28 December 2011 21:56

It seems like only yesterday when we were toasting to 2011, and it's already 2012. With the New Year ahead, will it be a good one for small business? What impact will the situation in the US and Europe have on Australia and out economy? And will it be a good year to start a business?

I'm interested in your thoughts!

THe problem around the world is Big GOvernment and big government debt. Countries like Greece, the USA, Ireland, Spain and Italy are in a mess because of socialist spending over many years, with politicians and bureaucrats who are too cowardly to make tough decisions to cut the waste and cut the debt. There's no other way out other than to have big cuts in government spending. It won't be popular with the snouts in the trough but it's the right thing to do.

The big risk is that these countries will not make the tough decisions, default and take out the EU and the world economy with them, leading to another round of big bank bailouts around the world. The problem is, when Governments default, who is left to bailout the banks?!

Too big to fail is too big to exist. Let them fail. It will be painful, but it's high time for a cleanout.

If the tough decisions aren't made, of course it will affect Australia.

The problem here is that we have a Federal Labor Government addicted to the same big spending big government big debt policies. We better hope China keeps buying our natural resources, or we'll be in a world of mess. That will hurt small business in Australia.
241 days ago
Sally Smith
Steve, you seem to have left out the part where the "big governments" accumulated that debt by bailing out the big banks, or funding the wars in Iraq or Afghanistan.
236 days ago
Steve Taylor
Any time is a good time to start a small business.
218 days ago
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