over9k
So I didn't tell my wife, but I...
- Joined
- 12 June 2020
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it's always so easy when it comes to spending Other People's Money re the Govt especially when rorts and doubling up occurs.TBH it's not really the paying of taxes I have an issue with, it's the squandering of them.
A little bit off the thread.we are in 'uncharted territory ' the impossible suddenly becomes thinkable , sure society might explode into a civil war , or rampant crime ,.. but when 'the carrot ' keeps on being tied the increasingly longer sticks , one must consider the outcome
remember Keating hoped ( compulsory ) super to replace the aged pension for retired workers , sure that seems to have gone pear-shaped , but is the plan absolutely dead , and not going to become some grotesque hybrid ( say super + food stamps/ration books ) , because you can bet defense spending won't be cut ( or parliamentary salaries )
are they ?? ( actually going to do that pause )Now we know that central bankers are planning to hold rates for a few months, if not the entirety of 2023
Employment remains strong.Are we staring into the abyss here?
A few months ago, rate pause was being interpreted as a bullish event.
Now we know that central bankers are planning to hold rates for a few months, if not the entirety of 2023.
So how are businesses expected to survive and retain employees?
it was when Trump was PresidentThe stock market is not the economy.
Not sure current Labor government understands anything.Not sure current Labor government understands inflation.
that is the instinct i am going with ( but do have alternate strategies just in case )Inflation isn't going down IMO, only the value of the dollar. 1970's feel about all this.
Employment is always strong before it becomes weak thoughEmployment remains strong.
The stock market is not the economy.
True but the fed A: isn't entirely stupid and B: is responsive (mostly).Employment is always strong before it becomes weak though
Track record is they'll keep raising rates until something breaks. The question is what breaks and when, not if it will occur.now i know consensus is ' don't bet against the Fed ' , but i like to have a back-up strategy as well , for instance they might need emergency cuts , or some other extraordinary measure
True but the fed A: isn't entirely stupid and B: is responsive (mostly).
Their previous comments "inflation outlook doesn't support lower rates" is accurate - the U.S economy is actually in excellent shape, relatively speaking.
Employment is always strong before it becomes weak though
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