The state of the economy at the street level

[divs4ever]

two tier Keir , slamming the bureaucrats and public servants ?

well that is the end of him , political suicide pure and certain ( for a Labour mouthpiece)

must be relying on the Tories being toothless and witless

maybe the Brits will go for a fresh face ( with no globalist links )

 

[divs4ever]

wait for the Covid revenge ( leaks by insiders by the thousand )

 

[Knobby22]

Heading along with tens of thousands to the Grand Prix.
Our sporting capital knows how to do it.

Train to Flinders or Spencer Sts depending on the gate. Head to Albert Park on free trams which are express. Honestly any other city would just have traffic jams moving 200,000 people.

 

[Knobby22]

 

[divs4ever]

i am not in that picture/transit/state
Formula 1 ate itself years back with all those frequent rule changes ( IMO )

persistently tilted the playing field to certain big names

 

[Ferret]

Great seat @Knobby22 Enjoy!

 

[moXJO]

I'm beginning to think the only way forward is hard recession. "Managed decline" seems to be doing more damage than if it all just fell in a heap.

 

[Dona Ferentes]

Heading along with tens of thousands to the Grand Prix.

Train to Flinders or Spencer Sts depending on the gate. Head to Albert Park on free trams which are express. Honestly any other city would just have traffic jams moving 200,000 people.

umbrella sales UP

 

[Knobby22]

umbrella sales UP

View attachment 195439

Watching on telly today.
Rookie crashed on warm up.

 

[divs4ever]

I'm beginning to think the only way forward is hard recession. "Managed decline" seems to be doing more damage than if it all just fell in a heap.

is the 'managed decline ' just another formula for 'picking winners ' ( aka bail-outs for buddies )

if yes , that is a big part of the problem .. the fit are being handicapped , and the perennial cripples given the dream run , that way mediocrity is the best possible outcome you can expect , but more likely you get enduring decay

 

[moXJO]

is the 'managed decline ' just another formula for 'picking winners ' ( aka bail-outs for buddies )

if yes , that is a big part of the problem .. the fit are being handicapped , and the perennial cripples given the dream run , that way mediocrity is the best possible outcome you can expect , but more likely you get enduring decay

Saves me having to explain it:

 

[sptrawler]

Video unavailable?

 

[moXJO]

Video unavailable?

Gotta watch it on YouTube apparently

 

[moXJO]

I'm not sure I subscribe to the theory.
I don't think it's some "nefarious plan". I think a lots due to apathy, incompetence, greed, along with short-sighted politics.

But it's definitely somewhat part of the mix.

 

[sptrawler]

I'm not sure I subscribe to the theory.
I don't think it's some "nefarious plan". I think a lots due to apathy, incompetence, greed, along with short-sighted politics.

But it's definitely somewhat part of the mix.

The only plan I can see, is a plan to get the West off its lazy fat ar$e. Lol

 

[qldfrog]

I'm not sure I subscribe to the theory.
I don't think it's some "nefarious plan". I think a lots due to apathy, incompetence, greed, along with short-sighted politics.

But it's definitely somewhat part of the mix.

I would add france in the same basket, and there is definitely a plan or obvious ..unwanted? .. consequences as these countries all follow the WEF mantra, including WEF University trained leaders and decision makers.
Not a conspiracy, just fact
Destroy identity, destroy existing society under the pretext of ecology,: EV,Renewable mandate,travel restrictions ,5 min cities of ultra high densities; overflow with migrants, plant the Nazi/far right title to any opposition,destroy all local business but a few selected global ones, instill a universal income entitlement ....it can not be incompetence IMHO
The covid scam was a world control check, and passed with honors..no reaction or sizable opposition.
The west is not destroyed by Putin or Xi, or even the green plague, but from within.
Xi,Putin or Islamists might finish the job, but it is a consequence, nog a cause.
And there are winners within, these behind the walls anc in control of that mess

 

[moXJO]

I would add france in the same basket, and there is definitely a plan or obvious ..unwanted? .. consequences as these countries all follow the WEF mantra, including WEF University trained leaders and decision makers.
Not a conspiracy, just fact
Destroy identity, destroy existing society under the pretext of ecology,: EV,Renewable mandate,travel restrictions ,5 min cities of ultra high densities; overflow with migrants, plant the Nazi/far right title to any opposition,destroy all local business but a few selected global ones, instill a universal income entitlement ....it can not be incompetence IMHO
The covid scam was a world control check, and passed with honors..no reaction or sizable opposition.
The west is not destroyed by Putin or Xi, or even the green plague, but from within.
Xi,Putin or Islamists might finish the job, but it is a consequence, nog a cause.
And there are winners within, these behind the walls anc in control of that mess

WEF yes. EU seems to be rotten to the core. Lobbyists in Australia just need a fistful of dollars to lead policy.

 

[qldfrog]

WEF yes. EU seems to be rotten to the core. Lobbyists in Australia just need a fistful of dollars to lead policy.

Eu, uk, canada, nz..i guess Australia was not in need of WEF incentives, doing self destruction alone on our own..

 

[Dona Ferentes]

Work done by the RBA has shown that a key driver of productivity is younger people starting businesses. But they face two issues: there’s less capital available for business lending because of those mortgage risk weights, and it’s difficult to get a business loan without offering a home as security.

Banking analyst JonMott’s argument is that while we’ve managed to improve the stability and safety of the banking system, we’ve made housing unaffordable, business lending tougher to get, and productivity worse.

The latest banking statistics suggest about 8 per cent of credit from Australian banks goes to owner-occupier households earnings less than $120,000, who account for about 60 per cent of society. Meanwhile, 9 per cent of credit goes to housing investors earning more than $500,000, who account for just 1 per cent of society.

 

[qldfrog]

Work done by the RBA has shown that a key driver of productivity is younger people starting businesses. But they face two issues: there’s less capital available for business lending because of those mortgage risk weights, and it’s difficult to get a business loan without offering a home as security.

Banking analyst JonMott’s argument is that while we’ve managed to improve the stability and safety of the banking system, we’ve made housing unaffordable, business lending tougher to get, and productivity worse.

The latest banking statistics suggest about 8 per cent of credit from Australian banks goes to owner-occupier households earnings less than $120,000, who account for about 60 per cent of society. Meanwhile, 9 per cent of credit goes to housing investors earning more than $500,000, who account for just 1 per cent of society.

Fully agree on the business lending issue, but the last paragraph is absolutely normal and expected, actually a convoluted twist...
i am surprised it is not extreme, it should and show you how bad is business lending/business enterprising is here
If you have millions , you do not do a business loan for $20k.
The 60% of society are for the most comfortable not to enter a business and for the fraction who do, their starting business need will be small
That only 9% of credit goes to the one percent is a nasty sign established business and wealth has stopped investing in the future here.
Looking at figures and not at ideology bias, this is not good.