Inflation

[moXJO]

Australia’s wild reaction to the rising cost of living​

Food costs are skyrocketing, but new data shows that instead of being more frugal, Aussies are reacting in a very strange way.

https://www.news.com.au/finance/money/costs/australias-wild-reaction-to-the-rising-cost-of-living/news-story/5429ccdb239e83ff797ee94bf9acc69b

So people are spending big. Kind of what I've been seeing in the real world. Everyone is buying, eating out, etc.

A lot of money still to grind out.

Fed was to timid imo. Should have gone hard early. There's a danger with slow prolonged hikes.

 

[qldfrog]

Australia’s wild reaction to the rising cost of living​

Food costs are skyrocketing, but new data shows that instead of being more frugal, Aussies are reacting in a very strange way.

https://www.news.com.au/finance/money/costs/australias-wild-reaction-to-the-rising-cost-of-living/news-story/5429ccdb239e83ff797ee94bf9acc69b

So people are spending big. Kind of what I've been seeing in the real world. Everyone is buying, eating out, etc.

A lot of money still to grind out.

Fed was to timid imo. Should have gone hard early. There's a danger with slow prolonged hikes.

This is a std response to inflation when fear( of losing job) is not there yet.
Buy now before it is too late and more expensive.i feel the same.. what's the point saving if you can not afford it anymore with these saved dollars next year so new car, eating out, holidays..etc

 

[divs4ever]

Australia’s wild reaction to the rising cost of living​

Food costs are skyrocketing, but new data shows that instead of being more frugal, Aussies are reacting in a very strange way.

https://www.news.com.au/finance/money/costs/australias-wild-reaction-to-the-rising-cost-of-living/news-story/5429ccdb239e83ff797ee94bf9acc69b

So people are spending big. Kind of what I've been seeing in the real world. Everyone is buying, eating out, etc.

A lot of money still to grind out.

Fed was to timid imo. Should have gone hard early. There's a danger with slow prolonged hikes.

buying durable ( or long-life ) products is better , chances are they will be more expensive at year's end ( and even more expensive ( or hard to get later on )

AND since bank-ins are 'on the table ' do you trust your government with the deposit guarantee ( and not go full libtard and start freezing bank accounts on dissenting voices )

i would have thought the great toilet roll rush would have been adequate warning ( the public trust Kleenex more than the government )

 

[againsthegrain]

buying durable ( or long-life ) products is better , chances are they will be more expensive at year's end ( and even more expensive ( or hard to get later on )

AND since bank-ins are 'on the table ' do you trust your government with the deposit guarantee ( and not go full libtard and start freezing bank accounts on dissenting voices )

i would have thought the great toilet roll rush would have been adequate warning ( the public trust Kleenex more than the government )

Can't do a bank run with digital currency, only crims and bikies hold cash right?

 

[divs4ever]

Can't do a bank run with digital currency, only crims and bikies hold cash right?

what about my coin ( and note ) collection

and if only crim's and bikies hold cash , that doesn't reflect well on the government who vouch-safe that very same cash ( promise to pay the value of )

 

[moXJO]

buying durable ( or long-life ) products is better , chances are they will be more expensive at year's end ( and even more expensive ( or hard to get later on )

AND since bank-ins are 'on the table ' do you trust your government with the deposit guarantee ( and not go full libtard and start freezing bank accounts on dissenting voices )

i would have thought the great toilet roll rush would have been adequate warning ( the public trust Kleenex more than the government )

I had to buy a new laptop. $2700 year ago (if you could find it) now about $3800. Consumer spending is probably up because it's simply more expensive.

 

[moXJO]

what about my coin ( and note ) collection

and if only crim's and bikies hold cash , that doesn't reflect well on the government who vouch-safe that very same cash ( promise to pay the value of )

Cash in the wallet is better imo. You can only spend what you have. Not like cards where you can tap your account into oblivion.

 

[frugal.rock]

Food costs are skyrocketing, but new data shows that instead of being more frugal, Aussies are reacting in a very strange way.

I'm glad everyone isn't frugal, otherwise I'd be fightin' for the discounts. ?

Can't do a bank run with digital currency, only crims and bikies hold cash right?

Also cigar smoking fiend's... and certain minority ethnic groups/ suburbs and then there's outliers, like me ?

 

[divs4ever]

I had to buy a new laptop. $2700 year ago (if you could find it) now about $3800. Consumer spending is probably up because it's simply more expensive.

that is one factor ( but maybe not the only one )

Cash in the wallet is better imo. You can only spend what you have. Not like cards where you can tap your account into oblivion.

i do not brag about that ( i normally dress very modestly as well )

I'm glad everyone isn't frugal, otherwise I'd be fightin' for the discounts. ?

i am busy cherry-picking ( on market and in the supermarket ) , you might need a mouth-guard

I'm glad everyone isn't frugal, otherwise I'd be fightin' for the discounts. ?


Also cigar smoking fiend's... and certain minority ethnic groups/ suburbs and then there's outliers, like me ?

you mean people who don't trust the government ( because they have long memories )

 

[frugal.rock]

i am busy cherry-picking ( on market and in the supermarket ) , you might need a mouth-guard

Wots the point of a mouf guard when ya got no teef?
Make sure you got your stack hat on and knee pads...?

 

[3 hound]

Wots the point of a mouth guard when ya got no teef?

Deep.

 

[againsthegrain]

Wots the point of a mouf guard when ya got no teef?
Make sure you got your stack hat on and knee pads...?

reminds me of this classic, hope u say it in the same way

 

[3 hound]

Deep.

Well the context around this comment evaporated quickly.

 

[divs4ever]

i have had dentures for decades ,, a mouth-guard still reduces damage if you bite your tongue or lip

 

[divs4ever]

remembering my days as a child amongst Boxing Day sales those shoppers' elbows get really active and wild

 

[Smurf1976]

Australia’s wild reaction to the rising cost of living​

Food costs are skyrocketing, but new data shows that instead of being more frugal, Aussies are reacting in a very strange way.

https://www.news.com.au/finance/mon...g/news-story/5429ccdb239e83ff797ee94bf9acc69b
So people are spending big. Kind of what I've been seeing in the real world. Everyone is buying, eating out, etc.

I've a few friends involved with the entertainment industry and they've all told me much the same.

The public are looking for a good time, they're willing to spend money and they're willing to push their own boundaries.

So pretty much any band that has "feel good" music and a decent stage presence is selling well so far as live performance is concerned. The kind of artists that get the crowd waving their hands in the air, singing and/or dancing are exactly what the public are looking for right now.

Related to that is a change in perceived barriers. In short, plenty are saying stuff it, they couldn't care less what anyone thinks of the music or how "credible" the band is, if they like it then they're doing it. Those who wouldn't have been seen dead at a pop concert before the pandemic are now saying yeah, musically this isn't really my thing but it looks like heaps of fun, you only live once, so let's do it.

Related to that is a rejection of being told what to do. People have had enough of others telling them they can't do this or that and they're saying no, get stuffed, I'm doing it. Who cares what some music critic or moral preacher thinks about the band or their "sinful" lyrics. It's harmless fun, it's entertainment it's not life advice, so here we go.

Right now seems like a great time to be selling fun.

 

[sptrawler]

Right now seems like a great time to be selling fun.

Really how do they expect people to react, they have for the first time in history been paid to stay home from work, now when they are allowed out the pandemic is still here and people are still dying.
But now they are told, well now you pay for staying home with higher costs, how do they really think people will react?
Older people will say I'm nearly three years closer to death, and the virus is still here.
Therefore as I heard one woman on T.V getting off the Coral Princess ship say, who cares about the virus, I have another six cruises booked before Christmas.
It is going to be an inflation explosion, or a debt and default explosion, time will tell IMO.
The 5% payrise for cost of living adjustment, will now start and feed into the inflation, I don't think it will end well.
The longer it takes to put a lid on it, the more pain will be felt by those at the bottom of the food chain, pandora's box has been opened.

 

[over9k]

Looks like a dump before CPI.

cpi numbers in, "only" 8.5 vs estimated 8.7, everything mooning.

 

[waterbottle]

cpi numbers in, "only" 8.5 vs estimated 8.7, everything mooning.

It's nuts....
Not going to fight the trend anymore

 

[wayneL]

cpi numbers in, "only" 8.5 vs estimated 8.7, everything mooning.

Merely devastating versus catastrophic...

Bullish ?