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What if you own the printing press? It is only numbers on a spread sheet, did Australia gain anything over the years it didn't go the QE route?
Maybe it isn't all based on logics.
What if you own the printing press? It is only numbers on a spread sheet, did Australia gain anything over the years it didn't go the QE route?a quick trivia:
2021 australian economy 1.61 trillion
QE 2021 100 billions or 0.1 trillion or 6% of the economy
https://www.focus-economics.com/cou...-quantitative-easing-at-first-meeting-of-2021
Question:
if you give a shop owner a 6% of his assets gift and his assets grow by 1.1%, what is the outstanding growth of this beautiful business.
Are you a buyer?
Yes well this is the debate that has the authorities very quietly sweating bullets behind closed doors.What if you own the printing press? It is only numbers on a spread sheet, did Australia gain anything over the years it didn't go the QE route?
Maybe it isn't all based on logics.
Or they are one step ahead, duhYes well this is the debate that has the authorities very quietly sweating bullets behind closed doors.
It does appear that they are going to try & inflate (print) their way out of it over a long slow melt.
I'll put it another way, when was the last time the ATO sweated bullets about you and when was the last time you sweated bullets about the ATO, I'll bet on the latter. ?Yes well this is the debate that has the authorities very quietly sweating bullets behind closed doors.
I had that very same discussion, with an accountant at the Phuket airport terminal, just after the GFC.Printing money is really only something you do when you have no other choice. I can assure you, they REALLY don't want to do it.
Possibly because everyone is home and therefore more are travelling domestically, no one is travelling overseas which was a huge outflux pre pandemic, so now are travelling at home.But back to the thread topic:
Musings: How long infection etc paranoia will remain "after" the pandemic?
Currently, car travel numbers (no need to post the data to make the point) are actually higher than their pre-pandemic levels because everyone are avoiding public transport/being stuck in a small space with other random people. How long will that paranoia remain? Will it take years and years and years for public transport numbers (confidence) to return?
If so, car sales are to experience a massive boom once they sort the microchip shortage issue.
Taking that a step further, will that paranoia be strong enough to keep people off of aeroplanes? We saw that last year through thanksgiving, christmas etc that it did, but that was before vaccines were out in any kind of significant numbers.
Something tells me emotion will override logic for quite some time here.
Just wanted to point out we roughly lost 5% of our collective wealth with that growth.What if you own the printing press? It is only numbers on a spread sheet, did Australia gain anything over the years it didn't go the QE route?
Maybe it isn't all based on logics.
Oh yeah. Tourism is a net negative for a lot of countries/states. I'm hanging out to get my renovations done so I can start milking the airbnb teat. I even have a spare car i'll rent to them for ridiculous money on account of that shortage as well.Possibly because everyone is home and therefore more are travelling domestically, no one is travelling overseas which was a huge outflux pre pandemic, so now are travelling at home.
Big bucks being recirculated, rather than redistributed to other countries, win/ win.
I know I rented a car pre covid in Tassie for 4 weeks $400, rented a car Queensland 3 weeks/ 3 years ago $600.
I have just rented a car for 13 days in Queensland same company $1,300, so don't tell me Australia isn't having a Beano. ?
Look back through history and you'll quickly see that every single time there is any kind of significant economic downturn, every single time without fail, governments go on massive infrastructure binges. We don't need to go into why or our personal opinions on it being a good idea or not, we only need to think about the fact that it is going to happen.
And roads, bridges, railways etc etc all require a lot of steel, concrete, rocks and so forth, much of which australia provides literally most of the world's supply of. Combine this with much of the competition failing to control the virus and it just ravaging their populations/shutting their economies down, and things are going to be more than peachy for the minerals sector going forward.
This is not complicated.
Not just the pandemic but also the other practical aspects there too.Currently, car travel numbers (no need to post the data to make the point) are actually higher than their pre-pandemic levels because everyone are avoiding public transport/being stuck in a small space with other random people. How long will that paranoia remain? Will it take years and years and years for public transport numbers (confidence) to return?
There'd be regional differences there in who wins and loses.Possibly because everyone is home and therefore more are travelling domestically, no one is travelling overseas which was a huge outflux pre pandemic, so now are travelling at home.
Yep, with you here, I'm sure you saw my post about the hybrid work model etc being the model of choice at the moment.Not just the pandemic but also the other practical aspects there too.
I'm thinking there'd be people who've managed without a car for however long, seeing owning one as an unnecessary expense and so on, but now that they have one they've changed their mind and will not be going back to their non-car days even if COVID is completely eradicated.
Associated with that, there's at least a few companies that have decided to officially review their office presence in the CBD. They're looking at two questions, first being whether they need a head office building on that scale at all and second, if they do need it, whether it really needs to be located in the CBD?
Any outcome there other than no change is a negative for the CBD and public transport - if they ditch the office altogether then that means work from home and even if they simply relocate to a suburban area, that most likely means workers driving to the office and parking on site rather than catching public transport to the CBD.
CBD = any CBD since the concept isn't unique to any one city or state.
Demand and supply.I know I rented a car pre covid in Tassie for 4 weeks $400, rented a car Queensland 3 weeks/ 3 years ago $600.
I have just rented a car for 13 days in Queensland same company $1,300,
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