The Kouk's top 40 hits and misses

Sat, 08 Feb 2014  |  

Over the summer break, while fiddling through data bases, reading and just being interested in things, I unearthed a few quirky bits and pieces about the Australian economy, people, sport and a few other bits and pieces. 

Only item 38 is open to any discussion, perhaps. Here are the top 40.

  1. Australia's daily GDP is a little over $4.3 billion.
  2. Every 21 seconds, $1 million of GDP is created.
  3. In 2014, there will be, in net terms, around 600 new jobs created each day.
  4. Approximately every two and a half minutes, employment rises by one.
  5. The price of the average basket of goods and services purchased by the average household rises by 0.008% a day.
  6. If consumer spending on restaurant and take away meals halved in 2014 and nothing else changed, Australia would record its first recession since the early 1990s.
  7. Turnover of Australian dollars in the foreign exchange market will be approximately $25 trillion in 2014.
  8. In 1980, the median house price in Sydney was $70,500.
  9. 410 people will die each day in 2014.
  10. In 2013, around 1.25 billion litres of wine was produced.
  11. In 2014, there will be approximately 35,000 greyhound races in Australia. The total distance run by all of the dogs in these races will be approximately 98,000 kilometres.
  12. 1.55 million chickens are slaughtered every day.
  13. The Abbott government will borrow approximately $70 billion in gross terms in 2014.
  14. Before his last test innings, Don Bradman's batting average was 101.39.
  15. Approximately 185,000 new houses will be built in 2014.
  16. There have been over 1.89 billion views of Gangnam Style on youtube.com.
  17. One in every 588 Australians is currently in prison.
  18. The Howard government may yet have presided over a recession in 2000-01. The latest national accounts estimates show that GDP recorded zero GDP growth in the December quarter 2000 which was followed by a drop in GDP of 0.4% in the March quarter 2001. Watch for revisions.
  19. In 2011-12, 1.469 million tonnes of waste paper and cardboard was exported, with a value of $241 million.
  20. The Whitlam government had zero net government debt when it was sacked in November 1975.
  21. Over $400 million in cash is withdrawn from ATMs every day.
  22. There has been a 155% increase in the number of people aged 85 and over in the past 20 years.
  23. The number of people over the age of 115 is unchanged, at zero.
  24. Agriculture, forestry and fishing makes up 2.2% of Australia's GDP. The electricity, gas and water sector is larger.
  25. 92.4% of the prison population is male; obviously 7.6% is female.
  26. The last time Australia recorded a current account surplus was in the March quarter 1975.
  27. The household sector generates 12.4 million tonnes of waste each year.
  28. Aboriginal and Torres Strait Islander people make up 27.4% of the prison population.
  29. The Australian government has not borrowed money from overseas since 1987.
  30. Women earn 64% of the average male's wage and salary income.
  31. If Gina Rinehart earned no income, she could give away $60 million a day during 2014 and still have a billion left on new year's eve.
  32. Over 26 million cubic metres of concrete was made in 2013.
  33. Prior to the pink batts insulation scheme being introduced, there was one house fire for every 765 insulation installments. With the pink batts scheme, there was one fire for every 6,158 installations.
  34. The imprisonment rate for people born in Australia is 209.2 people per 100,000. For people not born in Australia, the imprisonment rate is 81.8 people per 100,000.
  35. Over the last 40 years, the total increase in inflation has been 762.5%.
  36. John Howard is the only Treasurer to deliver simultaneously deliver double digit unemployment, inflation and interest rates.
  37. Australia's population increases by one every 1 minute and 18 seconds.
  38. Collingwood will have an incalculable number of unfair umpiring decisions go against it this season.
  39. The average annual income for a male in Sydney in 1982 was $18,350.
  40. Total prize money for the Melbourne Cup will be $6.2 million in 2014.
comments powered by Disqus

THE LATEST FROM THE KOUK

The Australian stock market is a global dog.

Sat, 24 Jun 2017

This article first appeared on the Yahoo7 web page at this link: https://au.finance.yahoo.com/news/1381246-234254873.html 

----------------------------------------------------

The Australian stock market is a global dog.

At a time when stock markets in the big, industrialised countries are zooming to record high after record high, the ASX200 index is going no where. So poor has the performance been that the ASX is around 20 per cent below the level prevailing in 2008.

It is a picture most evident in the last few years. Since the middle of 2013, the ASX 200 has risen by just 10 per cent. The US stock market, by contrast, has risen by 50 per cent, in Germany the rise has been 55 per cent, in Canada the rise has been 20 per cent, in Japan the rise has been 45 per cent while in the UK, with all its troubles, the rise has been 15 per cent.

So what has gone wrong?

Tony Abbott and debt

Fri, 16 Jun 2017

With Tony Abbott and governemnt debt hot news topics at the moment, I thought I would repost this artricle which I wrote in April 2013:

Enjoy, SK

------------------------

Here’s a true story. It’s about a man called Tony.

Tony is a hard working Aussie, doing his best to provide for his family. He has a good job, but such is the nature of his work that his income is subject to unpredictable, sharp and sudden changes.

Tony’s much loved and wonderful children go to a private school and wow, those fees that he choses to pay are high. He used to have a moderate mortgage, especially given he was doing well with an income well over $200,000 per annum.

Then things on the income side turned sour.

Tony had a change in work status that resulted in his annual income dropping by around $90,000 – a big loss in anyone’s language.

How did Tony respond to this 40 per cent drop in income?

Well, rather than selling the house and moving into smaller, more affordable premises, or taking his children out of the private school system and saving tens of thousands of after tax dollars, Tony called up his friendly mortgage provider and refinanced his mortgage.

In other words, Tony took on a huge chunk of extra debt so that he could maintain his family’s lifestyle. No belt tightening, no attempt to live within his means, just more debt.