The state of the economy at the street level

[Value Collector]

Anyone interested in a cruise from pauper central this month? ?

Cruises Departing From Sydney | Ozcruising.com.au

Cruises Departing From Sydney

www.ozcruising.com.au

10 Night South Pacific Islands Cruise on the Carnival Splendor. Cruise code: cl23-sl06mar23

South Pacific Islands cruise on the Carnival Cruises Carnival Splendor departing on the Monday, 06 March 2023 from Sydney for a 10 nights. CL23-SL06MAR23 Experience all the South Pacific Islands has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

28 Night Australia Circumnavigation Cruise on the Majestic Princess. Cruise code: pc23-8307c.1

Australia Circumnavigation cruise on the Princess Cruises Majestic Princess departing on the Tuesday, 07 March 2023 from Sydney for a 28 nights. PC23-8307C.1 Experience all the Australia Circumnavigation has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

14 Night Sydney to Auckland Cruise on the ms Noordam. Cruise code: ha23-n317

Sydney to Auckland cruise on the Holland America ms Noordam departing on the Saturday, 11 March 2023 from Sydney for a 14 nights. HA23-N317 Experience all the Sydney to Auckland has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

12 Night New Zealand Cruise on the Ovation Of The Seas. Cruise code: rc23-ov11mar23

New Zealand cruise on the Royal Caribbean Ovation Of The Seas departing on the Saturday, 11 March 2023 from Sydney for a 12 nights. RC23-OV11MAR23 Experience all the New Zealand has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

9 Night Sydney to Fremantle Cruise on the Queen Mary 2. Cruise code: cu23-m307

Sydney to Fremantle cruise on the Cunard Queen Mary 2 departing on the Sunday, 12 March 2023 from Sydney for a 9 nights. CU23-M307 Experience all the Sydney to Fremantle has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

Or maybe down and out for the count Brisbane. ?

Cruises Departing From Brisbane | Ozcruising.com.au

Get a great deal on Cruises Departing From Brisbane cruises. Save by booking your Cruises Departing From Brisbane cruise online with Ozcruising.com.au.

www.ozcruising.com.au

26 Night Australia Circumnavigation Cruise on the Majestic Princess. Cruise code: pc23-8307f.1

Australia Circumnavigation cruise on the Princess Cruises Majestic Princess departing on the Thursday, 09 March 2023 from Brisbane for a 26 nights. PC23-8307F.1 Experience all the Australia Circumnavigation has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

4 Night Airlie Beach Cruise on the Quantum of the Seas. Cruise code: rc23-qn10mar23.1

Airlie Beach cruise on the Royal Caribbean Quantum of the Seas departing on the Friday, 10 March 2023 from Brisbane for a 4 nights. RC23-QN10MAR23.1 Experience all the Airlie Beach has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

13 Night New Zealand Cruise on the Quantum of the Seas. Cruise code: rc23-qn14mar23

New Zealand cruise on the Royal Caribbean Quantum of the Seas departing on the Tuesday, 14 March 2023 from Brisbane for a 13 nights. RC23-QN14MAR23 Experience all the New Zealand has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

4 Night Airlie Beach Cruise on the Carnival Luminosa. Cruise code: cl23-lm19mar23

Airlie Beach cruise on the Carnival Cruises Carnival Luminosa departing on the Sunday, 19 March 2023 from Brisbane for a 4 nights. CL23-LM19MAR23 Experience all the Airlie Beach has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

Maybe Easter?

10 Night New Zealand Cruise on the Ovation Of The Seas. Cruise code: rc23-ov05apr23

New Zealand cruise on the Royal Caribbean Ovation Of The Seas departing on the Wednesday, 05 April 2023 from Sydney for a 10 nights. RC23-OV05APR23 Experience all the New Zealand has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

13 Night Easter South Pacific and Fiji Cruise on the Celebrity Eclipse. Cruise code: cc23-ec06apr23

Easter South Pacific and Fiji cruise on the Celebrity Cruises Celebrity Eclipse departing on the Thursday, 06 April 2023 from Sydney for a 13 nights. CC23-EC06APR23 Experience all the Easter South Pacific and Fiji has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

4 Night Moreton Island Cruise on the Carnival Splendor. Cruise code: cl23-sl07apr23

Easter Long Weekend Cruise cruise on the Carnival Cruises Carnival Splendor departing on the Friday, 07 April 2023 from Sydney for a 4 nights. CL23-SL07APR23 Experience all the Easter Long Weekend Cruise has to offer. All our fares include meals, taxes & port fees.

www.ozcruising.com.au

I just got off a 4 day cruise today, the wife managed to get a great last minute deal, $600 each for 4 nights on a balcony stateroom, I don't know what that says about demand but its good for us hahaha.

 

[wayneL]

I hope the money is good enough to compensate for being continually shat on.

It's a tiny but ever present risk. You can feel it before it happens, so plenty of time to get out of the way. That said, by toolbox has suffered the ignominy of being half buried in horse poo on more than one occasion.

It is worth pointing out that horse poo is far less objectionable than human effluent, so we at least have one up on the plumbers.

 

[sptrawler]

I just got off a 4 day cruise today, the wife managed to get a great last minute deal, $600 each for 4 nights on a balcony stateroom, I don't know what that says about demand but its good for us hahaha.

Yes I know what you mean, we catch a cruise on 3rd of next month, 5 nights balcony $450 ea, obviously demand is starting to wane, these are the times when cash is king as bargains abound.

 

[qldfrog]

Yes I know what you mean, we catch a cruise on 3rd of next month, 5 nights balcony $450 ea, obviously demand is starting to wane, these are the times when cash is king as bargains abound.

I like these floating Petri dishes called cruises.......;-)

 

[mullokintyre]

After a couple of months of increases, the OZ jobless rate has decresed again to 3.5%.
From Evil Murdoch Press

Employment has rebounded after two weak months through summer, with the unemployment rate dropping to 3.5 per cent in February after the economy created a bumper 65,000 jobs.
The solid jobs report for February adds to the case for an 11th straight rate rise when the Reserve Bank board meets on April 4.

Full-time employment increased by 17,900, and the number of Australians employed part-time increased by 1800, the seasonally adjusted data from the Australian Bureau of Statistics showed.
Underemployment – which measures those with jobs but who are trying to get more hours – moved from 6.2 per cent to 5.8 per cent.

Capital Economics economist Marcel Thieliant described the jobs numbers as “red hot”.

“February’s strong labour force figures will prompt the Reserve Bank of Australia to press ahead with another 25 basis point hike at its April meeting despite mounting signs of strain in the global banking system,” Mr Thieliant said.

READ MORE: Productivity warning: work harder, less pay | Bank fail ‘puts rate cuts on agenda’
The under-utilisation rate, which combines the unemployment and underemployment rates, dropped by 0.5 percentage points to 9.4 per cent.

Apart from November 2022, when it was 9.3 per cent, this was the lowest it had been since April 1982, the ABS said.

ABS head of labour statistics Bjorn Jarvis said “the low under-utilisation rate, along with strength in hours worked demonstrates the continued tightness in the labour market”.

Unemployment at 3.5 per cent remains around 50-year lows – testament to the ongoing strength in the labour market despite aggressive rate hikes since May last year.

Employment dropped in both December and January, but economists said unusually strong seasonal factors through the holiday period explained the unexpected weakness and analysts had predicted a recovery in February.

With a higher than usual number of Australians starting new jobs, the workforce participation rate ticked 0.1 percentage points higher to 66.6 per cent.

I read the above three times, but part of it did not make sense.
Firstly, it says that the economy created 65,000 jobs in February, a very strong number.
but then later its states that full time employment increased by 17,900 jobs, and part time by 1800 for a total of 19,700.
So where did the other 45,300 come from to make up 65,000 new jobs.
Was it because of seasonally adjusted figures , or are we saying that while 65,000 new jobs were created, we lost 45,300.
pretty poor reporting whichever way it is.
Mick

 

[sptrawler]

I like these floating Petri dishes called cruises.......;-)

Just have to be carefull you wash your hands and don't eat in the buffet.

 

[sptrawler]

After a couple of months of increases, the OZ jobless rate has decresed again to 3.5%.
From Evil Murdoch Press

I read the above three times, but part of it did not make sense.
Firstly, it says that the economy created 65,000 jobs in February, a very strong number.
but then later its states that full time employment increased by 17,900 jobs, and part time by 1800 for a total of 19,700.
So where did the other 45,300 come from to make up 65,000 new jobs.
Was it because of seasonally adjusted figures , or are we saying that while 65,000 new jobs were created, we lost 45,300.
pretty poor reporting whichever way it is.
Mick

Jeez Mick, don't be a pain, just read the headline.?

 

[moXJO]

Huge drop off in numbers of people out last night.

Hearing that cashflow is stalling in multiple businesses that are affecting those down the line.

 

[mullokintyre]

Fitch are saying that mortgage arrear are now rising from previous low levels.
From The Australian

Australian mortgage arrears have ticked up from their record lows in a sign Fitch Ratings said may point to the beginning of inflation and rising interest rates flowing through to housing loans.

Fitch said 30 day mortgage arrears, or borrowers who miss mortgage payments over 30 days, increased by 11 basis points in the fourth quarter of 2022 to 0.82 per cent of the total lending market.

Fitch said this takes arrears from its lowest level since 2002 but still well below long term levels.

However, arrears were worse in non-conforming loans, which rose 160 basis points in the fourth quarter.

Fitch reports 13 of the 14 residential mortgage backed securities transactions in the fourth quarter of 2022 reported higher 30 day arrears.

The ratings agency said the higher arrears in non-conforming loans may be because many of those borrowers were more exposed to higher interest rates and may be self employed borrowers.

Fitch said it expects the recent run of cash rate increases since the fourth quarter may result in higher debt distress among households.

It noted many borrowers, who took mortgage between 2019 and 2021, had taken loans using a buffer of 2.5 per cent whihc had now been surpassed by the 10 cash rate increases since April 2022.

Fitch said it expected the cash rate increases to flow through to borrowing, and may cause house prices to fall further.

Two more interest rate rises and things will look really ordinary.
Was talking to one of my kids who bought a house back in January 2022.
their mortgage repayments are up over 1100 per month.
Lucky him and his wife are well paid.
Mick

 

[sptrawler]

Fitch are saying that mortgage arrear are now rising from previous low levels.
From The Australian

Two more interest rate rises and things will look really ordinary.
Was talking to one of my kids who bought a house back in January 2022.
their mortgage repayments are up over 1100 per month.
Lucky him and his wife are well paid.
Mick

More to the point, lucky they were smart enough to only borrow what they could afford, with a sensible buffer.

 

[moXJO]

.
.
their mortgage repayments are up over 1100 per month.
Lucky him and his wife are well paid.
Mick

Big chunk out of the economy though

 

[farmerge]

More to the point, lucky they were smart enough to only borrow what they could afford, with a sensible buffer.

Smart off spring or even smarter parents

 

[farmerge]

Jeez Mick, don't be a pain, just read the headline.?

Creative figures or just plain rubbery

 

[farmerge]

I like these floating Petri dishes called cruises.......;-)

Ah Covid Cruising just keep away from Fremantle Port, thank you !!!!!

 

[divs4ever]

I hope the money is good enough to compensate for being continually shat on.

could be paradise compared to some offices ( where the atmosphere can be absolutely toxic ) , ain't no amount of cash would lure me to stay in some i have seen

 

[divs4ever]

It's a tiny but ever present risk. You can feel it before it happens, so plenty of time to get out of the way. That said, by toolbox has suffered the ignominy of being half buried in horse poo on more than one occasion.

It is worth pointing out that horse poo is far less objectionable than human effluent, so we at least have one up on the plumbers.

so you take the ( half full ) toolbox home for the garden and lawn ( and save a few bucks in fertilizer ) ??

 

[farmerge]

It's a tiny but ever present risk. You can feel it before it happens, so plenty of time to get out of the way. That said, by toolbox has suffered the ignominy of being half buried in horse poo on more than one occasion.

It is worth pointing out that horse poo is far less objectionable than human effluent, so we at least have one up on the plumbers.

so you take the ( half full ) toolbox home for the garden and lawn ( and save a few bucks in fertilizer ) ??

And after spreading the said horse manure on garden etc watch the oats and other grains srpout

 

[farmerge]

Mr Divs been great yarning but have to hit the Slumber King have aappointment with Telstra office to sort out their wrong doings in the morning.

 

[divs4ever]

And after spreading the said horse manure on garden etc watch the oats and other grains srpout

have inherited a ( wild ) bush turkey , those poor sprouts will have their work cut out

maybe i should call it Ozzie because i can't move it along legally ( in a built-up area )

 

[divs4ever]

Mr Divs been great yarning but have to hit the Slumber King have aappointment with Telstra office to sort out their wrong doings in the morning.

good luck with that

but it could be worse , you could be wrangling with Oplus ( intentional misspelling )

have a good night