Fully agree about growth ,inflation and forecasts but there is IMHO one reason we listen to them, they are the ones supporting the market with pe in the 20s and above..For some reason, people still listen to these goofballs at the RBA and other CBs who are just consistently wrong in their forecasts for growth and inflation and completely unable to influence either despite all their "quantitative" easing
Yes it's worked like a charm in inflating markets in the past.Fully agree about growth ,inflation and forecasts but there is IMHO one reason we listen to them, they are the ones supporting the market with pe in the 20s and above..
Without them we would have seen a salutary in my view crash back to the real world years ago
Fully agree about growth ,inflation and forecasts but there is IMHO one reason we listen to them, they are the ones supporting the market with pe in the 20s and above..
Without them we would have seen a salutary in my view crash back to the real world years ago
I don't, between the monetists and neo-monetarists, Keynesians and neo-keynesians, resulting in the current frankenomics, we wouldn't be so malinvested, nor so unreasonably leveraged.I completely disagree.
Yes it's worked like a charm in inflating markets in the past.
But I think there is a chance that the real (underlying economy) filtering through as time goes by especially for US, so the Index is not something I look at with total trust.
I "like" as I appreciate healthy debate but still disagreeI completely disagree.
It's great to view a really good debate from the sidelines, especially if both sides make really good points.I "like" as I appreciate healthy debate but still disagree
Agreed - it's always important to fully understand the opposing view.It's great to view a really good debate from the sidelines, especially if both sides make really good points.
I'm with you on the norm is being written as we speak.I don't, between the monetists and neo-monetarists, Keynesians and neo-keynesians, resulting in the current frankenomics, we wouldn't be so malinvested, nor so unreasonably leveraged.
We are where we are sikeli because of the current economic theory and actions of Central Banks.
Additionally the next chapter of economic and political (un)reality, re proles will have to navigate, is precisely because of the actions of Central banks and attendant political policy.
Yes the world would be different than it is today in lots of other ways, but I would have been preferred to navigate that reality than this one, to be honest.
There are way too many disruptive indicators for me to be able to understand the underlying reasons, Australia has been vehemently opposed to quantative easing, yet all of a sudden embrace it, Labor I could put it down to they love throwing money around, but Libs I'm not so sure.
If it walks like a duck and quacks, it probably is a duck.
So what is the long game?
The article says there's 7.7 million either on Job Keeper or the dole.I think these Govt subsidies are unsustainable for the long term...
Yes, I think they'll be wound back.The article says there's 7.7 million either on Job Keeper or the dole.
That's over half the entire workforce and leaves less than a quarter of the population who's actively working and not receiving Job Keeper etc.
I can't see how that's sustainable beyond the short term.
I think democracies are socialistic in the long game.There are way too many disruptive indicators for me to be able to understand the underlying reasons, Australia has been vehemently opposed to quantative easing, yet all of a sudden embrace it, Labor I could put it down to they love throwing money around, but Libs I'm not so sure.
If it walks like a duck and quacks, it probably is a duck.
So what is the long game?
It's not what it seems qldfrog. It's the middle and average incomes that pays the bulk of taxes etc. The ultra rich pays almost no taxes such as Branson who lives in a tax haven island and Trump who pays none.I think democracies are socialistic in the long game.
You just distribute wealth from top 49pc to bottom 51 and get reelection.
Borrow budget deficit etc tax the 49pc to the hilt, you are still ok
Until full collapse latin America style with a revolution to reset the clock and a destroyed country..
Nothing new i am afraid except it is now synchronised with the whole of the west going in along the same timeline do might not be a nice show
I agree whith what you say, it is not my pointIt's not what it seems qldfrog. It's the middle and average incomes that pays the bulk of taxes etc. The ultra rich pays almost no taxes such as Branson who lives in a tax haven island and Trump who pays none.
I agree with you that system is not working well but it's not the ultra-rich (who have the most tax loopholes) that look after and care for the poor.
who cares about financial sustainability? just increase the debtThe article says there's 7.7 million either on Job Keeper or the dole.
That's over half the entire workforce and leaves less than a quarter of the population who's actively working and not receiving Job Keeper etc.
I can't see how that's sustainable beyond the short term.
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