wayneL
VIVA LA LIBERTAD, CARAJO!
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"Idiocracy"... lol, you've nailed it.
Rudd and the stockmarket
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I think it does matter who is in power. If the unions get their way and cause a spike in inflation followed by a handful of interest rate rises the people will default on debt and the economy will go backwards. Down goes consumer confidence and with it the stock market.
chops_a_must
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It's actually a movie, but it is a very apt description of people in the contemporary world. I think a person like you would absolutely love it, check it out. The clip where my piss pull is taken from is no longer on youtube, but this gives you the general idea of the movie:
chops_a_must
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As opposed to what? Howard doing the same thing in the last few years?
uh... unions getting into power is not going to stop the chinese boom...
and ideaforlife...
its one thing to defend his economic record, thats ok (even tho i think a lot of its to do with external factors)... but you cannot seriously be defending howards morality.... !
and for the record...
Greenspan (are whoever is incharge of the FED) DOES MATTER... cause they control the world economy.
The prime minister of Australia, with its grand population of 22m DOES NOT!
If you beleive any different, well then i suggest you go and read some books.
and ideaforlife...
its one thing to defend his economic record, thats ok (even tho i think a lot of its to do with external factors)... but you cannot seriously be defending howards morality.... !
and for the record...
Greenspan (are whoever is incharge of the FED) DOES MATTER... cause they control the world economy.
The prime minister of Australia, with its grand population of 22m DOES NOT!
If you beleive any different, well then i suggest you go and read some books.
wayneL
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It won't matter who gets in, the economic agenda is now global. Consider the comparison of the UK and OZ... VERY similar trends economically and sociologically, yet on has had a conservative government in power for over a decade and one has had a labour government for over a decade.
The truth is, "real inflation (not the fraudulent headline figures) is increasing, interest rates are trending up, asset prices and debt are in bubble territory. The Anglo world is on an economic precipice.
Whoever gets in will have to deal with this reality, and it won't be pretty... and they will be blamed.
Folks who are liberal supporters should hope Rudd gets in, because labour will then cop the flak and spend the next decade in opposition again.
I'm voting for X
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that is the only consolation of another liberal win...
thats why i was glad when Bush won again... he created the mess, he should fix it... tho i think they should change the constitution to give him another two terms
... cause its gonna take a while...
wayneL
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Do you understand the concepts of inflation and interest rates? Higher wages=higher inflation. To curb inflation the fed must lift interest rates. The union will cause higher wages and set the motion for a rate rise.
If anything the mining boom should be rising inflation but it hasn't(which has baffled economist) I know a couple of rate rises in Sydney would be catastrophic for NSW because people how have highly geared mortgages and unlike WA and QLD don't have the resource labor boom to prop up their economy.
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I wanted to stop, but here again Rafa, i'm afraid you've made another mistake on macroeconomics administration. Talking an econony scale with 22mio people doesn't need sound management is like talking a household can be handed to hands of a bunch of kids - exactly the analogy used by Costello describing the financial accounts situation when Lib took over. Certainly economy developments require both external and internal forces, it's totally ignorance to believe chinese boom only underpins the australian economy boom.
wayneL
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LOL No. A global credit bubble helps too.
exactly...
if you read what i said again, ideaforlife...
i said it doesn't matter what howard does, what matter is who is in charge of the FED... for that, read the who in charge of creating global credit!
and mime
yes, i agree, somehow inflation is low...
well, the reason for that is not sound economic management, but a pegged chinese currency against the USD! you give china's currency its true value, and then you re measure inflation...
no drama's for me tho... whilst consumer goods remain cheap to purchase... the value of assets is appreciating uncontrollably...
yup, we certainly are in a low inflation environment
anyway, this should be in the labor liberal thread...
Julia's link shows quite clearly the stock market is unaffected by who is in power...
and after what i have said above in relation to the FED, that is indeed what is to be expected!
if you read what i said again, ideaforlife...
i said it doesn't matter what howard does, what matter is who is in charge of the FED... for that, read the who in charge of creating global credit!
and mime
yes, i agree, somehow inflation is low...
well, the reason for that is not sound economic management, but a pegged chinese currency against the USD! you give china's currency its true value, and then you re measure inflation...
no drama's for me tho... whilst consumer goods remain cheap to purchase... the value of assets is appreciating uncontrollably...
yup, we certainly are in a low inflation environment
anyway, this should be in the labor liberal thread...
Julia's link shows quite clearly the stock market is unaffected by who is in power...
and after what i have said above in relation to the FED, that is indeed what is to be expected!
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If the unions are in power, wages might go up. But if Howard remains in power, he'll continue to give away money to voters, which would have pretty much the same effect has higher wages. So, in the end, it's going to be about the same.
wayneL
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No, but the unions will sure do their damn best to disrupt it. I’ve already mentioned the coal and Korea incident. How many coal-carrying ships are there out at sea waiting to export our coal yet ALP Premier/QLD Railway union boss Beattie couldn’t care less. Couldn’t care less that Aus is losing millions of dollars a day on coal exports. Lucky I don’t own ‘shares’ in Macarthur Coal.
Speaking of Macarthur coal, any coal exporter for that matter, you must be kidding yourself if you think they’re not sweating over Rudd’s climate change and carbon trading policies.
What has Iraq got to do with the economy of this country? Has going to oust a brutal regime affected our economy? Has the civil war that’s escalating in Iraq affected our economy? Australia’s contribution to the Coalition of the Willing is peanuts compared to the what the US and Britain have contributed, but it’s gesture enough to see us in better light. As Rafa puts it (someone on your side of debate) Greenspan (are whoever is incharge of the FED) DOES MATTER... cause they control the world economy.
Anyone know what Rudd's stand is on Iraq? I recall he was
a supporter. Just wondering if any of his advisors have
informed him it's better to chance his postion to oppose.
When it comes to de-evolution/idiocracy, the idiots you will find are those who think they're in on the joke, without realising they are the joke. Fancy getting all hot under the collar for not seeing Howard for what he really is, a fear-mongerer.!!! Fearmongering? Isn’t that what communist and socialist regimes have been exercising on their people for decades? I guess they’re excused ‘cause their health and education systems are second to none.
It ‘devolves’ further, recall all those nuclear disarmenant demo’s and gigs in the late 80’s. The now defunct USSR footed the bill for most of them without the radical left even being aware of it. Guess the radical-left didn’t get the ‘joke’. ;-) See the USSR’s hidden agenda was to make the nuclear weapon carrying countries in the west look evil amongst the youth and hence pay no attention to them. I guess their ‘sophistry’ worked as most of the commentary was reserved for the US.
If the two examples above aren’t clear enough of ‘devo’ amongst our supposed left ‘intelligencia’, I’m pretty sure I can dig out some more ;-)
Think you're wrong, both countries have a conservative party in power, since both have little if any union influence in any of the decisions they make. The difference being one is centre-left and the other centre-right.
If the ALP under Rudd/Gilard’s leadership were to model themselves on British Labour, they'd end up with a landslide at the elections.
Reading that article, the first thing I did was laugh at who the authour was. Oliver is the type of bull who in Oct ’97 would be telling you everything’s fine, top up!
I also laughed when reading the paragraph ‘Over the period of 1945 to 2006, the average return from Aus shares under Coalition and Labor governments has not been that differenet’. Average?!?!?! Reminds me of the superfund that tried to sell me their product based on average return of 20 years during a bearish period. How about a house doubles in price on average every seven years…wish I’d bought back in the 60’s-70’s to take advantage of that one!
The sharemarket may or may not change, but I’d be worried about owning shares in construction companies if the CFMEU are allowed to carry on like the BLF. Can we expect mass strikes blowing out budgets of major projects and possibly causing construction to decrease? What about demands for yearly wage increases? The ETU have made no secret of bleeding the companies out of more money.
Not sure I’d invest in Toll Holdings if the MUA are allowed to run riot like they used to when they were paid by Patrick.
Is Rudd being too diligent in his quest to reduce greenhouse gases? As Oliver himself stated, this could effect energy stocks.
chops_a_must
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It was a statement on decision making, nothing to do with the economy...
So is Howard keeping interest rates low? I seem to remember him saying something...
Why is fear mongering an exclusive quality of far left wing regimes?
And why are "left" and "intelligencia" used as mutually exclusive terms? Kind of damning when the opponents of such are essentially admitting their position of argument is not based on one of intelligencia.
And yeah, I'd like to hear more attacks on the left intelligencia. I'd especially like to know what people are attacking the intelligencia with, considering the etymology.
wayneL
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Point of Order!
The sycophancy of the willing did not go to "oust a brutal regime". That was an afterthought when the supposed WMD,s were exposed as an outright fraud and a ruse to invade for purposes of "energy security".
If our remit is to oust brutal regimes, we better start conscripting NOW because there is a lot of work to do.
Sheesh! The power of propaganda!
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So what was wrong with the decision making process from Australia's perspective and interests? I'd see your point if we were in the US but we're not.
The ALP opposed, but the Coalition made the RBA independant, so no Howard personally can't keep interest rates low....having said that, they're still lower than what they were under the ALP ;-)
I didn't say it was...what I said was the left were quick to expose those on the right while ignoring there own 'bad experiments'.
It seems 'intelligencia' isn't exclusive to all on the left if my 'intelligencia' was lost on you ;-)
The simple fact that the radical left oppose just about everything the west stands for...it's this ignorance and belief that their smarter than the right. The nukes/USSR example is one of many that follow a similar pattern of being used for someone else's agenda.
Point of order on a point of order...Removal of Hussein and finding WMD (code for we're taking over your oil reserves) were the agenda.
Harbouring terrorists and al-Queda is what the CotW used after no WMD were found...
Here is what I think.
A. If you cant afford a deposit you cant buy a house.
B. The government never forced you to get a creit card, not only will they charge you big time with interest, it puts presure on interest rates.
C. If you are not good with money, don't give advice to your children, otherwise the chain will continue to get even bigger.
D. 250 Billion budget, 100 Billion was from Company Tax, why do you think we are having surplus when overall the PAYG tax is getting lower.
E. So the Labor government wants to help people in there mid to late 30's buy there first house, 'this is the reason I will never vote for them'.
F. John Howard said 8 years ago that he more than likely would change the work place laws, why are people so shocked when he finally changed them???
G. The stockmarket will continue to do well as long as the dumb money stays out, 'in other words, get the hell out of the sharemarket when people who have no idea about it start to get involved, the internet boom attracted alot of this dumb money at the start of 1998, look what happened to the Nasdaq once that occured.
Spartn
:viking:
A. If you cant afford a deposit you cant buy a house.
B. The government never forced you to get a creit card, not only will they charge you big time with interest, it puts presure on interest rates.
C. If you are not good with money, don't give advice to your children, otherwise the chain will continue to get even bigger.
D. 250 Billion budget, 100 Billion was from Company Tax, why do you think we are having surplus when overall the PAYG tax is getting lower.
E. So the Labor government wants to help people in there mid to late 30's buy there first house, 'this is the reason I will never vote for them'.
F. John Howard said 8 years ago that he more than likely would change the work place laws, why are people so shocked when he finally changed them???
G. The stockmarket will continue to do well as long as the dumb money stays out, 'in other words, get the hell out of the sharemarket when people who have no idea about it start to get involved, the internet boom attracted alot of this dumb money at the start of 1998, look what happened to the Nasdaq once that occured.
Spartn
:viking:
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