Comments on: Worst of recession may be over, but then again maybe not http://www.economonkey.com/2009/04/18/worst-of-recession-may-be-over-but-then-again-maybe-not/ because the economy is run by chimps Fri, 19 Feb 2010 03:20:04 +0100 http://wordpress.org/?v=2.8.4 hourly 1 By: Arthur Smith http://www.economonkey.com/2009/04/18/worst-of-recession-may-be-over-but-then-again-maybe-not/comment-page-1/#comment-746 Arthur Smith Fri, 19 Feb 2010 03:20:04 +0000 http://www.economonkey.com/?p=135#comment-746 during the height of the economic recession, our online and offline business in the US have suffered some major drop in sales. now our sales are getting slowly back to normal. during the height of the economic recession, our online and offline business in the US have suffered some major drop in sales. now our sales are getting slowly back to normal.

]]> By: michael http://www.economonkey.com/2009/04/18/worst-of-recession-may-be-over-but-then-again-maybe-not/comment-page-1/#comment-693 michael Sat, 17 Oct 2009 16:39:03 +0000 http://www.economonkey.com/?p=135#comment-693 the economic recession made a lot of workers jobless. my best friend and me lost our jobs because of job cuts. i hope that our economy would recover soon. the economic recession made a lot of workers jobless. my best friend and me lost our jobs because of job cuts. i hope that our economy would recover soon.

]]> By: Uncle Jeffy http://www.economonkey.com/2009/04/18/worst-of-recession-may-be-over-but-then-again-maybe-not/comment-page-1/#comment-453 Uncle Jeffy Thu, 07 May 2009 15:34:51 +0000 http://www.economonkey.com/?p=135#comment-453 It means that Harry Truman was right. What we need is a one-handed economist. It means that Harry Truman was right. What we need is a one-handed economist.

]]> By: GT http://www.economonkey.com/2009/04/18/worst-of-recession-may-be-over-but-then-again-maybe-not/comment-page-1/#comment-437 GT Wed, 22 Apr 2009 12:21:37 +0000 http://www.economonkey.com/?p=135#comment-437 Does it maybe mean that "we've done all we should have in the time up until now and we're just waiting for it all to take effect"? In Australia, we have budgets in May but our tax time starts at July so pollies often say it takes 18months for anything to result, as I'm sure you are aware. Here though, if you have tax payable (individuals) it is not due until the 15th of May the next year. We've also been given $900 payments if we paid tax in the previous year to boost spending. As someone in my office said after it was announced, "When will that take affect?" My only guess was that it might stimulate the GST [your VAT] in the short term. She then said, "What, so the government only gets 1/11 of what we spend?" It's the only thing that is paid regularly by businesses that is a result of immediate sales, not tax instalments based on last years results. But then I'm no economist so feel free to ignore or criticise what I just wrote. Does it maybe mean that “we’ve done all we should have in the time up until now and we’re just waiting for it all to take effect”?

In Australia, we have budgets in May but our tax time starts at July so pollies often say it takes 18months for anything to result, as I’m sure you are aware. Here though, if you have tax payable (individuals) it is not due until the 15th of May the next year.

We’ve also been given $900 payments if we paid tax in the previous year to boost spending. As someone in my office said after it was announced, “When will that take affect?” My only guess was that it might stimulate the GST [your VAT] in the short term. She then said, “What, so the government only gets 1/11 of what we spend?”

It’s the only thing that is paid regularly by businesses that is a result of immediate sales, not tax instalments based on last years results.

But then I’m no economist so feel free to ignore or criticise what I just wrote.

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