Inflation

[Belli]

They are more worried about the things that went up.

Such as this - to December 2022?

Producer Price Indexes, Australia, December 2022

Contains a range of producer price indexes in the Australian economy, comprising mining, manufacturing, construction and services industries.

www.abs.gov.au

 

[over9k]

How do you cure demand side inflation?

Just keep pumping rates. Demand side is dead simple to fix.

Also close the fcuking border (but as if they're going to do that).

 

[moXJO]

Just keep pumping rates. Demand side is dead simple to fix.

Also close the fcuking border (but as if they're going to do that).

Labor is also likely to keep raising wages.

 

[divs4ever]

Also close the fcuking border (but as if they're going to do that).

not much chance of that , they need more tax victims

 

[sptrawler]

Labor is also likely to keep raising wages.

And clamp down on welfare, let bracket creep take care of the middle class, while dropping the top tax rate, good plan.
It will keep the elite voter base onside, while getting those who can least afford it, to pay for it.
Meanwhile the blue collar working class leave in droves, oh well that's politics. Lol

 

[divs4ever]

Labor is also likely to keep raising wages.

but most likely selectively , preferring their double-tax paying mates ( the unionists )

but wages are ( nearly always ) a lagging factor , and nearly every plausible excuse is rolled out to not hike wages by the full CPI rise ( as inaccurate as that is ) ( except for selected cronies , think themselves and high-ranking officials )

that was one of the joys of the '70's runaway inflation and wage rises partially diverted into a compulsory savings scheme ( super )

that super is now almost worthless due to fee gouging and a new wave of inflation ( see what is left of it after buying a couple of fishing rods , a beach shack , and a reasonable dinghy , and all the permits ... world trip good luck with that for the masses )

 

[divs4ever]

And clamp down on welfare, let bracket creep take care of the middle class, while dropping the the top top tax rate, good plan.
It will keep the elite voter base onside, while getting those who can least afford it, to pay for it.
Meanwhile the blue collar working class leave in droves, oh well that's politics. Lol

no , no no, that is the elite donor base , the US isn't the only pay for play game in town .

 

[sptrawler]

no , no no, that is the elite donor base , the US isn't the only pay for play game in town .

Thanks for posting, I didn't realise the stutter on the, on the phone keyboard. Lol

 

[Smurf1976]

They are more worried about the things that went up.

Medical, education, gas, potatoes and domestic travel all have something in common in that a very large portion of the population will buy them and to considerable extent they're in the "essential" category.

Versus international travel that's a discretionary purchase for most.

 

[divs4ever]

Versus international travel that's a discretionary purchase for most.

that depends on if there is a return ticket involved ( for some that is a tax strategy )

 

[sptrawler]

The Greens have at last found their mojo and come up with something sensible IMO, wonders never cease.
The Greens are suggesting sensible changes to negative gearing, unlike what Labor took to the 2019 election, it will be interesting to see if Labor take it up.
What Labor suggested was a license for the rich to print money, what the Greens are proposing is a sensible approach to limiting the negative gearing gravy train, which is not much different to the limits the Govt's have put on superannuation.
It makes a lot of sense, it's a nice move by the Greens, to see how serious Labor are about trying to curb the house price and rent spiral.
Well done the Greens IMO.

Greens vow to sink federal government's $10b housing fund, threatening first major defeat for Albanese

The federal government wants to establish a $10 billion housing fund to increase affordable supply, but Greens leader Adam Bandt says his party will sink it in the Senate unless the government does more for renters and ends tax discounts for some investment properties.

www.abc.net.au

 

[Smurf1976]

that depends on if there is a return ticket involved ( for some that is a tax strategy )

That one's gone right over my head. No idea how that works?

Reason I put domestic travel in the category of potentially being essential is that some trips, in practice, are. Funerals, business, etc. Not all obviously, people travel for recreation, but at least some is reasonably essential.

 

[sptrawler]

Interesting article, from the most trusted.

Five graphs that highlight the true pain of high inflation

Inflation may have peaked, but the cost of items we can't do without is still breaking household budgets, writes Gareth Hutchens.

www.abc.net.au

 

[over9k]

Gee, I wonder why?

 

[over9k]

Some of these are looking preeeeetty sweet right now

 

[waterbottle]

View attachment 156277

Some of these are looking preeeeetty sweet right now

What is this? 2020 interest rates?

 

[waterbottle]

First Republic Bank to Weigh Up to $100 Billion in Asset Sales

(Bloomberg) -- First Republic Bank is exploring divesting $50 billion to $100 billion of assets as the beleaguered lender attempts to rescue itself from the turmoil that engulfed the industry last month.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUK...

finance.yahoo.com

 

[over9k]

What is this? 2020 interest rates?

They're monthly

 

[waterbottle]

They're monthly

I think you're having a laugh

 

[over9k]

I think you're having a laugh

How so?