Inflation

[wayneL]

See my previous post about wanting to say yes but having so little faith in the dickheads in charge that I'm going to say no.

Wise

 

[Dona Ferentes]

13, 15 ...

 

[over9k]

Wise

Demoralising

 

[wayneL]

Demoralising

I'm hearing ya

 

[farmerge]

+ 1

however Indonesia worked out value adding is good for them ( sourcing local coal , iron , nickel to get a better export price )

and so i hold ATM ( extremely illiquid ) and NIC

makes you wonder what they teach in schools in Indonesia , doesn't it

Looks like think outside the box

 

[farmerge]

Nah, that is it.
The markets will turn belly up over the next few weeks, the public will turn nasty, media will turn against the government, loan delinquincies will rise, bankruptcies will quadruple, and thats only the good bits.
Mick

And, and the fifthly rich get even richer while those in the middle and lower just hang in there by a fingernail.

 

[sptrawler]

Well I reckon a sweep on where

Looks like think outside the box

No Indonesia just want to sell something other than Bingtang tee shirts and copy watches, you're never going to get 250million people out of the $hit pit selling that.

 

[Telamelo]

Below article says it all about Australia's housing crisis dilemma

https://www.news.com.au/finance/economy/australian-economy/ive-never-seen-anything-like-this-mark-bouris-grim-prediction/news-story/8a3c18fcd459a4fddf7c3bdce1723cef

 

[qldfrog]

Below article says it all about Australia's housing crisis dilemma

https://www.news.com.au/finance/economy/australian-economy/ive-never-seen-anything-like-this-mark-bouris-grim-prediction/news-story/8a3c18fcd459a4fddf7c3bdce1723cef

A few common sense ideas but hey we are Labor, open immigration punish owners and even more landlord and more taxes more taxes.
The nirvana is nesr

 

[Dona Ferentes]

Inflation:
The Silent Tax​

 

[divs4ever]

A few common sense ideas but hey we are Labor, open immigration punish owners and even more landlord and more taxes more taxes.
The nirvana is nesr

an interesting narrative until you delve into the pecuniary interests of our parliamentarians ( and senators ( both sides of the aisle )

now sure one side might favour more skilled workers , and the other more sweatshop fodder , but if they were really strict on immigration we wouldn't host Olympic or Commonwealth games , so visitors can just disappear in the crowds

 

[qldfrog]

And the result of inflation, obviously not only the biggest tax intake ever but

Australia records biggest income decline in the developed world

A rapid increase in mortgage repayments and rising income taxes are ravaging household budgets.

www.afr.com

Another gift from another most gifted treasurers of the land

 

[Telamelo]

The mortgage cliff. Banks looking to have a continued good run in years ahead with the low rate fixed term loans coming off. Potentially going from 2% fixed term rate to 6% variable rate will add to already extraordinary profits. The cash rate seems to have peaked so pause and decline hopefully for mortgage holders.

Talk already of another interest rate hike to come Feb '24 as xmas won't ease any inflationary pressures but instead add to it.

 

[Wysiwyg]

Inflated prices for goods and services are because someone or group decide so.

 

[Telamelo]

Inflated prices for goods and services are because someone or group decide so.

Ordinary households and some of Australia’s most vulnerable people are paying a devastating cost for the Reserve Bank’s rate hike-driven war against inflation, despite contributing very little to it.

That’s the assessment of experts who say cash-rich baby boomers and price-gouging corporations are the biggest culprits of inflation, but the least affected by efforts to contain it.

https://www.news.com.au/finance/economy/australian-economy/why-boomers-and-big-business-are-to-blame-for-australias-economic-woes/news-story/d6478109e7701ad4cef152f38956e6b7

 

[Wysiwyg]

Talk already of another interest rate hike to come Feb '24 as xmas won't ease any inflationary pressures but instead add to it.

"We are Australia’s central bank and serve the people of Australia." Yeah, serving the people financial distress.

 

[Wysiwyg]

Ordinary households and some of Australia’s most vulnerable people are paying a devastating cost for the Reserve Bank’s rate hike-driven war against inflation, despite contributing very little to it.

That’s the assessment of experts who say cash-rich baby boomers and price-gouging corporations are the biggest culprits of inflation, but the least affected by efforts to contain it.

https://www.news.com.au/finance/economy/australian-economy/why-boomers-and-big-business-are-to-blame-for-australias-economic-woes/news-story/d6478109e7701ad4cef152f38956e6b7

Yes that is clear as living habits had not changed to any extreme. Someone cried "inflation" and the machine swings into action.

 

[over9k]

Hopefully this should give the RBA the impetus (and perhaps be used to pressure it) to crank rates further here.

 

[SirRumpole]

Working households bearing the brunt of inflation reduction.

Record population growth a double-edged sword for inflation, according to RBA analysis

The Reserve Bank reveals the reasoning behind its latest interest rate rise and whether it is likely to have to lift them again.

www.abc.net.au

 

[Smurf1976]

That’s the assessment of experts who say cash-rich baby boomers and price-gouging corporations are the biggest culprits of inflation, but the least affected by efforts to contain it.

I'll argue the opposite.

The argument against rate hikes is akin to saying the police are bringing misery by trying to stop road accidents, doctors bring misery by advocating healthy lifestyles and the worst misery anyone can endure is to get off whatever addiction.

The alternative is far worse. Avoid the misery of having to follow road rules, exercise or not do drugs and the outcome is actual death.

Much the same with inflation. To the extent I'll criticise the RBA it's for keeping rates too low, not too high. They should've hiked long ago.