Australian (ASX) Stock Market Forum

Inflation

now from my observations in the '70s and '80s pays didn't go down ( in a meaningful way ) they just eroded 'entitlements ' , and there were noticeably less people getting a pay-packet
I don't follow this so could be wrong, doesn't every wage job have an award that dictates your pay, what award has ever been revised down because of inflation???

Examples plz.
 
Yellen speaks more about climate change and social justice issues than the economy.

It is what it is.

Whether you agree or or not, these factors will have an impact on future society and dictate what direction our economy will take. The green revolution is a well documented polico-economic push to wean Western society off of oil, if not the globe. If you don't agree with the science of climate change, than you could surely agree from a military, diplomatic and energy security standpoint, it is far easier for Western nations to achieve energy independence & security by relying on renewables rather than fossil fuels that are controlled by cartels and unstable dictators.
Social justice is goal that Western governments have been attempting to improve upon for the past few years. Equal opportunity for work and equal pay does actually translate into a more prosperous and useful society. Central banks have recognised this and often speak about reducing discrimination amongst groups in their speeches.
 
It is what it is.

Whether you agree or or not, these factors will have an impact on future society and dictate what direction our economy will take. The green revolution is a well documented polico-economic push to wean Western society off of oil, if not the globe. If you don't agree with the science of climate change, than you could surely agree from a military, diplomatic and energy security standpoint, it is far easier for Western nations to achieve energy independence & security by relying on renewables rather than fossil fuels that are controlled by cartels and unstable dictators.
Social justice is goal that Western governments have been attempting to improve upon for the past few years. Equal opportunity for work and equal pay does actually translate into a more prosperous and useful society. Central banks have recognised this and often speak about reducing discrimination amongst groups in their speeches.
Do you want your mechanic to lecture you on social justice issues and climate change or just shut up and fix the car like he is getting paid to do.

Have you watched "planet of the humans" I'm guessing not because big tech shadow banned it and big media poo poo-ed it without answering it's criticisms.

While incomplete it raises and exposes many valid points about renewables.

Cartels do not disappear with renewables..the faces just change and sometimes that doesn't even happen.
 
Equal opportunity for work and equal pay does actually translate into a more prosperous and useful society.
Can you prove this claim plz.

Also explain "equal opportunity" (we already have that in law) are you talking about diversity hires/quotas?

Also explain equal pay, don't want to assume anything.
 
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5/30 now inverted again too. NDX futures 1.2 into the red. Should be another beautiful dip coming up. I'm angling for another topup tonight.
 
Hit the play button as soon as the website opens up. I can't press play for you.
No but you can develop an argument in your own words supported by quotes to show you have actually thought your own claims thru.

For example:

"
explain "equal opportunity" (we already have that in law) are you talking about diversity hires/quotas?

Also explain equal pay, don't want to assume anything.

"
 
No but you can develop an argument in your own words supported by quotes to show you have actually thought your own claims thru.

For example:

"
explain "equal opportunity" (we already have that in law) are you talking about diversity hires/quotas?

Also explain equal pay, don't want to assume anything.

"
You miss the point. It's irrelevant what you or I think. This is the way now, like it or not.
 
Balls o steel my friend.

You don't think the oil play will collapse if recession is on the cards? Shanghai is back in lockdown too. The thesis that oil will be in ever increasing demand looks shaky.
My long term play on oil is a supply side driven one. The dip rebuys etc are the demand driven plays.

It's been very rewarding this year so far. If you'd bought at my last big dip post around 25th of april at the 320 mark you would have clipped 150% return when NRGU hit 800.

Pretty hard to argue with that kind of return in what, just over 6 weeks?
 
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Stagflation? There are big differences between the 1970s and today
I don't believe there is much difference between the 70's and today.

We spent our money on vinyl music, alcohol, cannabis, expensive clothes and sports goods produced by our highly paid Australian workers. We had a Sandman and beaches alright, but airfares and travel were horrifically expensive. The food was crap but not cheap and the financial sector was highly regulated and it cost an arm and a leg for brokerage. We were also paying for a war not of our making. Houses were cheap and unions were plenty and corrupt for all the good they did.

Today clothes are cheap, as is alcohol. I have no idea what cannabis costs but it can be grown now quite easily, cars are better and safer, airfares are cheap (maybe not in to the future ) , music is cheap or free and sports goods are inexpensive. Food is tasty and nutritious and cheap on world terms. And we were recently and will be in wars not of our own making. The only thing really different is the price of housing and the lack of unions who could make a difference if they tried for workers nowadays.

gg
 
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