Yep, that works for me.Raise the tax free threshold to $22,000 or even $25,000. That will give some relief to those on low incomes, part-time and casual workers and those who reluctantly participate in the "gig economy".
I’m sitting in a supermarket car park right now, third one I’ve been to this evening.the issue is office works has run out of gear, the mining companies are running out of gear, shops are running out of gear.
Crazy times indeed. They ran out of frozen peas before running out of corn chips ? Oh dear.I’m sitting in a supermarket car park right now, third one I’ve been to this evening.
I’m not hoarding, just trying to do the shopping.
A degree of substitution is necessary due to lack of stock. I’ve replaced frozen peas with corn chips and I’ve replaced fish with turkey. Such is life.
It's not because Fe Ore is some magical commodity. Here is the reason, for those who are interested:Also despite tourism and airlines and education getting hit, Iron ore prices are still at 90+USD, in fact up from 80+usd in Feb when china was first hit and had lockdown. Hasnt crashed at all unlike oil prices.
Maybe it's good the Govt held off doing a spending spree earlier. As you guys have said it would have gone to a waste spending spree or to inflating markets that were already having hot air in them. I think the stimuli they are providing now is not a bad idea as some people in our community really need it:Yes some of the suggested changes, would look pretty scary at the moment, but that is history.
Imagine if there had been $50billion poured into stimulus, in the last two years as the media have been screaming for.
How many of the companies would be geared up and no materials, while they wait to see if they have a workforce or not, it certainly would be interesting. IMO
But it is all speculation and the Government does have the money, they didn't spend, to spend now when a real crisis has hit. More luck than good judgement though.
Also IMO the handouts make everyone feel good, but in reality wont do much, people are buying plenty of medicine and food.
I don't think they will go out to a restaurant or buy a t.v or go buy clothes. I think they will put it in the draw in case they need it.
Just my opinion.
I, along with so many others, I thought that the can was just kicked along the road from 2008.
Supposing they managed to kick the can even further down the road this time - I'm sceptical that they can actually do it but who knows, they just might do it again - what then?
An even bigger financial crisis somewhere further down the track?
There is no where to go in my opinion. How can the government help?
Interest rates can't be dropped anymore, most countries including most of Europe and the USA are running large deficits.
Marginal businesses will go broke. There is no way to save them.
The financial system will be heavily stressed, banks will have runs, it's not going to be pretty.
Yes some of the suggested changes, would look pretty scary at the moment, but that is history.
Imagine if there had been $50billion poured into stimulus, in the last two years as the media have been screaming for.
How many of the companies would be geared up and no materials, while they wait to see if they have a workforce or not, it certainly would be interesting. IMO
But it is all speculation and the Government does have the money, they didn't spend, to spend now when a real crisis has hit. More luck than good judgement though.
Also IMO the handouts make everyone feel good, but in reality wont do much, people are buying plenty of medicine and food.
I don't think they will go out to a restaurant or buy a t.v or go buy clothes. I think they will put it in the draw in case they need it.
Just my opinion.
Personally I'm hoping we break 4800 this week (sympathize with you poor bastard with losses though).-How many will spew if asx 4800 is pushed or 2300-2400 sp500
Can you please explain to me how the economy is over?On the money IMO. I wonder if our nation wakes up.
As a Restaurant owner prices have at times more than doubled. Customers halved. Not many will survive.Maybe it's good the Govt held off doing a spending spree earlier. As you guys have said it would have gone to a waste spending spree or to inflating markets that were already having hot air in them. I think the stimuli they are providing now is not a bad idea as some people in our community really need it:
View attachment 101431
https://www.msn.com/en-au/news/aust...aussie-industries/ar-BB11iN0J?ocid=spartanntp
He said was the economy *as we know it*Can you please explain to me how the economy is over?
HmmmmmmmmmThe real bottom will be just after company reporting.. Right now its panic and speculation, once the numbers are in, and down, the real bottom will show itself..
well there you go.It's not because Fe Ore is some magical commodity. Here is the reason, for those who are interested:
View attachment 101430
https://www.sharecafe.com.au/2020/0...-provides-new-warning-on-iron-ore-production/
I think a more resilient one would be one that is not purely weighted to the banks and the couple of miners would create a diversified Australian Stock Market.On the money IMO. I wonder if our nation wakes up.
I think only the businesses with good margins would be able to weather the storm.As a Restaurant owner prices have at times more than doubled. Customers halved. Not many will survive.
He said was the economy *as we know it*
What I interpret this to mean is that business as usual after this event will most likely not possible. There will be changes. Exactly what shape they will take I cannot predict, but there are several views from different economists out there.
I couldn't even tell you whether those changes will be positive or negative, we shall just have to see, but I am certain it will be different.
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