Australian (ASX) Stock Market Forum

ABC is Political

Jump to new
Humid said:
I think Howard and Costello were at the urinal first....and didn’t flush
Click to expand...
I didn't think we were speaking, bruh.

But anyway, interesting pastime you have there... Not something I would particularly want to know about ;)
 
Humid said:
And the debt?
Click to expand...
What is your question?

But as a general principle you come on existen relies on and deck in order to grow. Without that the economy collapses. However it must be serviced in one way or another, so excessive debt is obviously unhealthy for individuals, businesses, and government.

I have a client who is a PhD economist argues that the level of government debt is not a problem, whereas private debt is very much a problem.

I'm not an economist, but I'm not very comfortable with the level of government debt and absolutely alarmed about private debt.

Does that answer your query?
 
Yes
When you said all the Rudd effort did was expand goverment debt I had the impression that was bad in your opinion
 
There's a little more to it. All the libs saving measures were blocked in 2014. Didn't hockey get the Arse for it. Ever since saving measures have been blocked. Libs have not controlled spending either.
 
wayneL said:
Apart from massively expanding government debt, it did nothing.... Well probably aristocrat and Philip Morris did ok out of it.
Click to expand...

That sentence contradicts itself - if Aristocrat / Morris did OK it must have done something.

Therefore it must have also done something for all the hands it passed through on the way.
 
PZ99 said:
That sentence contradicts itself - if Aristocrat / Morris did OK it must have done something.

Therefore it must have also done something for all the hands it passed through on the way.
Click to expand...
Okay let's do it once a month then
 
moXJO said:
There's a little more to it. All the libs saving measures were blocked in 2014. Didn't hockey get the Arse for it. Ever since saving measures have been blocked. Libs have not controlled spending either.
Click to expand...

And yes there is more :)

Abbott and Hockey also had a spending program on their own pet giveaways plus Turnbul, plus Morrison plus they were keen to attack the revenue side as well all the time blaming Labors debt $50 bil.

Where are we now $350 plus bil

Was the interest rate that high?

Note it was the increase in revenue that got Morrison "back in the black" not management that was only management of $3bil in rorts.

Worked politically so well its repeated ad nauseum.
 
IFocus said:
And yes there is more :)

Abbott and Hockey also had a spending program on their own pet giveaways plus Turnbul, plus Morrison plus they were keen to attack the revenue side as well all the time blaming Labors debt $50 bil.

Where are we now $350 plus bil

Was the interest rate that high?

Note it was the increase in revenue that got Morrison "back in the black" not management that was only management of $3bil in rorts.

Worked politically so well its repeated ad nauseum.
Click to expand...
Last few lib govt have been terrible. But saving measures were blocked in the early days.
Once the seal is broken, pollies on either side start pissing it away.
 
Wrong thread but worth a read

https://www.michaelwest.com.au/priv...3xlb4LbEZZ1b2oSjGCSINp5OIYoEHaMKyeUEUUs0ySIDY
Conditions.jpg


Growth.jpg
 
On the chart they ask WHY ?

We have answered that here on ASF, maybe we should be the Govt, we have lefties and righties and Greenies, we are ready !!

Why ? because even thought the RBA has Not noticed it, society has changed.

It has been over 70 years since a big war and people have had the chance to build assets, when interest rates drop those with assets stop spending.

Those with assets are the ones that buy new cars, do extensions, go on holidays etc etc

Those in debt use the reduced rates to reduce debt and those on drugs contribute to the cash in the suitcase crims
 
macca said:
On the chart they ask WHY ?

We have answered that here on ASF, maybe we should be the Govt, we have lefties and righties and Greenies, we are ready !!

Why ? because even thought the RBA has Not noticed it, society has changed.

It has been over 70 years since a big war and people have had the chance to build assets, when interest rates drop those with assets stop spending.

Those with assets are the ones that buy new cars, do extensions, go on holidays etc etc

Those in debt use the reduced rates to reduce debt and those on drugs contribute to the cash in the suitcase crims
Click to expand...
Nailed it, with no political bias whatsoever.
 
I wonder if the ABC will become a public service, while the corona virus shutdown is on and concentrate on quality educational school children focused content?
There must be plenty of free archived school level educational content available.
 
sptrawler said:
I wonder if the ABC will become a public service, while the corona virus shutdown is on and concentrate on quality educational school children focused content?
There must be plenty of free archived school level educational content available.
Click to expand...

funny you should mention that, my 8 year son is right into watching old episodes of the curiosity show. Some of those episodes were tapping into social issues well ahead of their time.
 
Last edited:
Even if they dust off the old professor Julius Sumner Miller, "Why is it so" stuff, National Geographic etc and dump some of the chit chat gossip crap.
Just my opinion, but let's be honest the junk is dumped, if they get a top shelf sporting event. They soon find space then.o_O
 
Top