Rudd and the stockmarket

[zt3000]

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:

Well said spartan!

If your stupid enough to default on your loan as a consequence of rising rates then you really are a " dumb **** " for not managing your money and asking yourself the "what if this happens or what will happen in this scenario" questions. I really have no sympathy for you.

Yes we should try help people own thier own home but when the majority of people are not "financially educated" then what are we to do?

Send everyone to do a economics/commerce degree? ... Probably not a bad idea

Or introduce tighter lending regulations for the banks

 

[wayneL]

Well said spartan!

If your stupid enough to default on your loan as a consequence of rising rates then you really are a " dumb **** " for not managing your money and asking yourself the "what if this happens or what will happen in this scenario" questions. I really have no sympathy for you.

Marketing is pretty powerful. I agree that people should examine all contingencies, but the "experts" (using the term very loosely, vested interests would be a better term) are leading the people who put their trust in them a merry dance.

In the UK, the "experts" stated categorically that base rates would peak at 5%. LOOOOOOOOL Here we are at 5.75% and no sign of stopping. They said energy prices would fall in the latter half of this year, yet we are nearing all time highs.

People have been trained to trust doctors, priests, financial advisers etc as absolute authorities so they put way too much stock into what they say, yet these people are F$$$wits just like the rest of us. We live in the age of the sound-bite and marketers of credit and investment utilize this with effect.

Ironically, (and getting back on topic) this is exactly how political parties are chosen and elected into office; those with the most effective sound-bite (which the media has usually ordained, hence the most judiciously chosen sound-bites) wins.

Actual analysis of anything without ridiculous cognitive biases, scarcely exist anymore.

The people are sheeple. (All present company excepted of course )

 

[Garpal Gumnut]

I never thought I would have to resurrect this thread on the Ruddmeister but he is like one of those wrigglies that enter your body through the ear and twenty years later appear out through your Ar*ehole.

It is essential for the market and the Australian economy that this joker is recalled immediately and sacked, to be replaced by ANYONE ELSE.

His antipathy towards the next President of the US, Mr. Trump, will cause significant damage to our trade with the US, to our military defence and the $AUD.

He's done a poor job so far but his antipathy towards working class Americans as represented by Trump is well known, and the latter will not tolerate anyone with those views representing a foreign country in the US. Perhaps find him a job as Ambassador to PNG, Ukraine or Lebanon where his self-described skills could be put to good use.

gg

 

[wayneL]

I never thought I would have to resurrect this thread on the Ruddmeister but he is like one of those wrigglies that enter your body through the ear and twenty years later appear out through your Ar*ehole.

It is essential for the market and the Australian economy that this joker is recalled immediately and sacked, to be replaced by ANYONE ELSE.

His antipathy towards the next President of the US, Mr. Trump, will cause significant damage to our trade with the US, to our military defence and the $AUD.

He's done a poor job so far but his antipathy towards working class Americans as represented by Trump is well known, and the latter will not tolerate anyone with those views representing a foreign country in the US. Perhaps find him a job as Ambassador to PNG, Ukraine or Lebanon where his self-described skills could be put to good use.

gg

I think Wong's position has become untenable also, based on her historical comments.

 

[TimeISmoney]

I never thought I would have to resurrect this thread on the Ruddmeister but he is like one of those wrigglies that enter your body through the ear and twenty years later appear out through your Ar*ehole.

It is essential for the market and the Australian economy that this joker is recalled immediately and sacked, to be replaced by ANYONE ELSE.

His antipathy towards the next President of the US, Mr. Trump, will cause significant damage to our trade with the US, to our military defence and the $AUD.

He's done a poor job so far but his antipathy towards working class Americans as represented by Trump is well known, and the latter will not tolerate anyone with those views representing a foreign country in the US. Perhaps find him a job as Ambassador to PNG, Ukraine or Lebanon where his self-described skills could be put to good use.

gg

Capt Crudd has always been pro China.

 

[Garpal Gumnut]

Even the ABC, the last leg of a turd's journey down from ALP decision makers to the sea agrees that Rudd must go.

And as @wayneL pointed out Dame Wong as well.

When Rudd hit delete on his Trump 'traitor' tweets, an old unspoken rule came to pass

Kevin Rudd deleting old tweets in the wake of Donald Trump's victory has given politicians a pertinent reminder: Making sharp comments can often feel good in the moment, but they don't come without consequences.

www.abc.net.au

gg

 

[divs4ever]

Capt Crudd has always been pro China.

with 'friends ' like Rudd China doesn't need enemies .. poor China thought they bought Biden ( via Hunter ) Rudd is a big China 'supporter , and Albo is busy boosting the military to attack China ( probably with the support of other looters )

 

[bk1]

Albo has called Trump personally to offer his congratulations..and we are told by implication that Trump actually took the call.
As if Albo is top of his to do list..
Trump doesn't forgive or forget.
Haven't heard much from our excuse of a foreign Minister, she's usually good for a moral lecture...

 

[TimeISmoney]

with 'friends ' like Rudd China doesn't need enemies .. poor China thought they bought Biden ( via Hunter ) Rudd is a big China 'supporter , and Albo is busy boosting the military to attack China ( probably with the support of other looters )

Follow the family's money trail Divs.

Me knows too much here.

The Bravo HoldCo entity is owned by private equity fund Wattle Hill, which was co-founded by former Prime Minister Kevin Rudd’s son-in-law Albert Tse, and investment company Roc Partners. Wattle Hill invests in Australian businesses that offer products and services that are in strong demand in China, and is headquartered in Sydney, and has offices in Hong Kong and Beijing.


https://www.foodanddrinkbusiness.com.au/news/190m-capilano-takeover-gets-blessing-from-the-board

 

[divs4ever]

used to be a constituent of Kevin 2007 ( when he was PM )

interesting times back then as well

am not sure how many Chinese ( ethnics ) respect Kevin

 

[IFocus]

Rudd is a risk but I think what's really put the final nail into him is Scott Morrison saying he is great and will be very good....

 

[Smurf1976]

In the UK, the "experts" stated categorically that base rates would peak at 5%. LOOOOOOOOL Here we are at 5.75% and no sign of stopping. They said energy prices would fall in the latter half of this year, yet we are nearing all time highs.

People have been trained to trust doctors, priests, financial advisers etc as absolute authorities so they put way too much stock into what they say, yet these people are F$$$wits just like the rest of u

Quoting a 17 year old post because it could just as easily have been written today.