RBA cash rate

divs4ever · 2 May 2023

macca said:
Any time I have seen him speaking on TV it has been from Canberra so I have incorrectly assumed they were there

maybe that is why he is so disconnected from 'Struggle Street '

BTW TV studios aren't always in the cities they declare they are , for instance i remember a fund-raising telethon where the 'Gold Coast studio ' was 40 feet from the ' Brisbane Studio ' in the Brisbane state headquarters and that was over 30 years ago , add in new blue screen and green screen technology and most would be fooled ( except folks at the film sets watching both broadcasts by just turning around )

BTW the Reserve Bank used to have a building in Brisbane but they closed that over a decade ago ( been there as well )

sptrawler · 2 May 2023

divs4ever said:
maybe that is why he is so disconnected from 'Struggle Street '

Struggle street isn't his portfolio, that's the problem these days, the media dictates whose responsible for the outcomes, but don't explain who is responsible for the inputs that cause the outcomes.

So those who are causing the poor outcomes are never highlighted by the media, the media only highlight those who are causing pain trying to mitigate the outcomes.

Why would I as a reporter living in Sydney on pretty good money want to prick the bubble? I ask you FFS. ?
Just my thoughts.
I'll put it another way, i'm a sparky which is a licensed trade, why not make houses low voltage? most appliances now can run on 12v so why have everything on 230v then step it down?
If it was all low voltage anyone could work on it OMG, what am I saying. ?
Only joking but it isn't far from the truth, but it does show how vested interests don't always make charitable decisions or paint a perfect picture.

divs4ever · 2 May 2023

sptrawler said:
Struggle street isn't his portfolio, that's the problem these days, the media dictates whose responsible for the outcomes, but don't explain who is responsible for the inputs that cause the outcomes.

So those who are causing the poor outcomes are never highlighted by the media, the media only highlight those who are causing pain trying to mitigate the outcomes.

Why would I as a reporter living in Sydney on pretty good money want to prick the bubble? I ask you FFS. ?
Just my thoughts.
I'll put it another way, i'm a sparky which is a licensed trade, why not make houses low voltage? most appliances now can run on 12v so why have everything on 230v then step it down?
If it was all low voltage anyone could work on it OMG, what am I saying. ?
Only joking but it isn't far from the truth, but it does show how vested interests don't always make charitable decisions or paint a perfect picture.

SSHSSH !

@ 12 volt many households could basically live off-grid ( add maybe a wood or gas fired grill/oven ) ( no more smart meters-carbon mapping )

sptrawler · 2 May 2023

divs4ever said:
SSHSSH !

@ 12 volt many households could basically live off-grid ( add maybe a wood or gas fired grill/oven ) ( no more smart meters-carbon mapping )

My oldest son is completely off grid, own water, own septics.

Telamelo · 3 May 2023

Treasurer Jim Chalmers has been urged to overturn the RBA’s shock decision to hike rates.

Amid fears the latest hike could result in a recession, the government has been urged to take the unprecedented step of direct intervention.

“The RBA’s decision to raise interest rates again beggars belief and will smash renters and mortgage holders even harder than they were being smashed already,” Greens Senator Nick McKim said.

“The RBA is out of control. Jim Chalmers needs to use his powers and step in and overrule this terrible decision.

https://www.news.com.au/finance/economy/interest-rates/treasurer-jim-chalmers-says-rba-move-is-a-brutal-reminder/news-story/664e8775bca7e59d98d5bd831f653d6b

farmerge · 3 May 2023

waterbottle said:
Lmao, surprise hike by Phil Lowe. What a legend.

I especially love the bit where the market was predicting a 100% chance of no hike. Really goes to show that the market doesn't always price it in correctly....

The market knows twiddley squat unless it sits inside of the head of the RBA Lowe

farmerge · 3 May 2023

sptrawler said:
My oldest son is completely off grid, own water, own septics.

Similar for us also. Not completely off grid , 200,000 gallons of rain water storage, a resonable bore 135 grains, septic system, own meat, eggs and fruit. Just need to find a cheap outlet for diesel and petrol and then not too many worries

divs4ever · 3 May 2023

sptrawler said:
My oldest son is completely off grid, own water, own septics.

so far the new property isn't completely , still gets grid power ( but have solar and a back up generator ) that can be remedied ( extra panels with a battery and potential for wind harnessing as well , apart from the two bores )

farmerge · 3 May 2023

divs4ever said:
so far the new property isn't completely , still gets grid power ( but have solar and a back up generator ) that can be remedied ( extra panels with a battery and potential for wind harnessing as well , apart from the two bores )

Good stuff. I found that a 7kva gen was perfect for us runs the whole house and we have 3ph power

divs4ever · 3 May 2023

Telamelo said:
Treasurer Jim Chalmers has been urged to overturn the RBA’s shock decision to hike rates.

Amid fears the latest hike could result in a recession, the government has been urged to take the unprecedented step of direct intervention.

“The RBA’s decision to raise interest rates again beggars belief and will smash renters and mortgage holders even harder than they were being smashed already,” Greens Senator Nick McKim said.

“The RBA is out of control. Jim Chalmers needs to use his powers and step in and overrule this terrible decision.

https://www.news.com.au/finance/economy/interest-rates/treasurer-jim-chalmers-says-rba-move-is-a-brutal-reminder/news-story/664e8775bca7e59d98d5bd831f653d6b

0.5% would have been a shock ( to me )

i had plans for zero , 0.25% and 0.40% , looks like i get to test the 0.25% strategy this month

divs4ever · 3 May 2023

farmerge said:
Good stuff. I found that a 7kva gen was perfect for us runs the whole house and we have 3ph power

the gen is already there and set up will check to see if it can push out 415V as well for heavy stuff like welding

the waterworks have been independent for over 20 years ( water in waste out

am still working on 'the creatures' ( you can have when not in the 'burbs ) , one hen isn't going to be a lot of productivity

farmerge · 3 May 2023

divs4ever said:
the gen is already there and set up will check to see if it can push out 415V as well for heavy stuff like welding

the waterworks have been independent for over 20 years ( water in waste out

am still working on 'the creatures' ( you can have when not in the 'burbs ) , one hen isn't going to be a lot of productivity

Back in the day when the kids were in primary school we ran about 50 laying hens. They had a good cash flow from the two pubs in town supplying them with as many cackle berries that were laid. They did the work and She who isnever wrong did the delivery and C.Ash pick-up for them

qldfrog · 3 May 2023

sptrawler said:
Struggle street isn't his portfolio, that's the problem these days, the media dictates whose responsible for the outcomes, but don't explain who is responsible for the inputs that cause the outcomes.

So those who are causing the poor outcomes are never highlighted by the media, the media only highlight those who are causing pain trying to mitigate the outcomes.

Why would I as a reporter living in Sydney on pretty good money want to prick the bubble? I ask you FFS. ?
Just my thoughts.
I'll put it another way, i'm a sparky which is a licensed trade, why not make houses low voltage? most appliances now can run on 12v so why have everything on 230v then step it down?
If it was all low voltage anyone could work on it OMG, what am I saying. ?
Only joking but it isn't far from the truth, but it does show how vested interests don't always make charitable decisions or paint a perfect picture.

A perfect example being the building code adding around 15% to a new house cost..... that's on top of inflation.vested interest masking as safety, saving the planet or just because we can

StockyGuy · 3 May 2023

Anyone who was "surprised" by the rate rise was just high on hope-ium. Inflation running so hot left no other reasonable course of action.

wayneL · 3 May 2023

StockyGuy said:
Anyone who was "surprised" by the rate rise was just high on hope-ium. Inflation running so hot left no other reasonable course of action.

Politician wailing and gnashing of teeth is both satisfying and proof of the correctness of the action (if not still way underdone).

sptrawler · 3 May 2023

farmerge said:
Back in the day when the kids were in primary school we ran about 50 laying hens. They had a good cash flow from the two pubs in town supplying them with as many cackle berries that were laid. They did the work and She who isnever wrong did the delivery and C.Ash pick-up for them

Here we go,
When I was a lad, my grandad had two chook batteries 600 laying hens in each, an acre of planting paddock for potatoes or whatever, a small but productive granny smith orchard, 10 stye piggery and delivered school lunches, all on 7 acres.
He changed his cars on a regular basis.
He left school at 13 and worked in the coal mines, you wouldn't meet a harder bloke in your life. Lol
That was in North East Yorkshire not Australia. Lol

wayneL · 3 May 2023

sptrawler said:
Here we go,
When I was a lad, my grandad had two chook batteries 600 laying hens in each, an acre of planting paddock for potatoes or whatever, a small but productive granny smith orchard, 10 stye piggery and delivered school lunches, all on 7 acres.
He changed his cars on a regular basis.
He left school at 13 and worked in the coal mines, you wouldn't meet a harder bloke in your life. Lol
That was in North East Yorkshire not Australia. Lol

Kudos to him. A harder task in the norf. Awesome stuff!

StockyGuy · 3 May 2023

wayneL said:
Politician wailing and gnashing of teeth is both satisfying and proof of the correctness of the action (if not still way underdone).

Politicians, yes. But it's especially the outrage by those connected to real estate sales and home loan lending that makes one chuckle. Perhaps there's a little guilty conscience in encouraging people to overextend themselves, loan-wise.

Home loans are sort of a gamble; so many things can happen over the repayment period. Anyone who has borrowed big not allowing for these and more rises was...imprudent.

farmerge · 3 May 2023

sptrawler said:
Here we go,
When I was a lad, my grandad had two chook batteries 600 laying hens in each, an acre of planting paddock for potatoes or whatever, a small but productive granny smith orchard, 10 stye piggery and delivered school lunches, all on 7 acres.
He changed his cars on a regular basis.
He left school at 13 and worked in the coal mines, you wouldn't meet a harder bloke in your life. Lol
That was in North East Yorkshire not Australia. Lol

Obviously hard work never dented his enthusiasm to get along in life. i would have imagined it would have a pretty tough gig in them those dar days.

Smurf1976 · 4 May 2023

Telamelo said:
Treasurer Jim Chalmers has been urged to overturn the RBA’s shock decision to hike rates.

There'd a be a lot to fear if he did so.

Regardless of what anyone thinks of the RBA, a central bank making decisions beats having them made by politicians.

Last thing we need is the likes of Nick McKim completely trashing the currency and turning Australia into Venezuela.

RBA cash rate

divs4ever

sptrawler

divs4ever

sptrawler

Telamelo

farmerge

farmerge

divs4ever

farmerge

divs4ever

divs4ever

farmerge

qldfrog

StockyGuy

Observe, Discuss, Apply

wayneL

VIVA LA LIBERTAD, CARAJO!

sptrawler

wayneL

VIVA LA LIBERTAD, CARAJO!

StockyGuy

Observe, Discuss, Apply

farmerge

Smurf1976

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