The state of the economy at the street level

[sptrawler]

The reserve bank saying they are prepared to take interest rates to 0%, IMO will put a rocket under the ASX, people in Aust with the cost of living can't afford 0% growth on their money.
Even 2-3% is a worrying situation for retirees, the next 6 months will be very interesting.

 

[SirRumpole]

As if we didn't know. Infrastructure projects not keeping up with population growth.

I wonder if anyone has heard the phrase "if you are in a hole, stop digging", ie slow down immigration until the infrastructure catches up perhaps ?

https://www.abc.net.au/news/2019-08...ys-roads-and-transport-must-catch-up/11407114

 

[Humid]

As if we didn't know. Infrastructure projects not keeping up with population growth.

I wonder if anyone has heard the phrase "if you are in a hole, stop digging", ie slow down immigration until the infrastructure catches up perhaps ?

https://www.abc.net.au/news/2019-08...ys-roads-and-transport-must-catch-up/11407114

But how are they going to prop up housing if they cut immigration?
Cut the arse out of TAFE and wonder why the lack of skills and the need to import them.
I don’t know one apprentice!

 

[SirRumpole]

But how are they going to prop up housing if they cut immigration?

With 5%+ unemployment if those without a job had a job they could afford to buy a house or contribute to the rental market.

 

[Humid]

With 5%+ unemployment if those without a job had a job they could afford to buy a house or contribute to the rental market.

I’ll raise you another 5+with the underemployed
Employment figures are farcical

 

[SirRumpole]

I’ll raise you another 5+with the underemployed
Employment figures are farcical

Yep, one hour a week of work and you are fully employed.

Right....

 

[tinhat]

As if we didn't know. Infrastructure projects not keeping up with population growth.

I wonder if anyone has heard the phrase "if you are in a hole, stop digging", ie slow down immigration until the infrastructure catches up perhaps ?

https://www.abc.net.au/news/2019-08...ys-roads-and-transport-must-catch-up/11407114

Or just euthenise the elderly.

 

[basilio]

Or just euthenise the elderly.

Wouldn't that be a bit a bit liberal mushy soft hearted ?
Surely they could just go into despair and starve slowly - like those on Newstart perhaps . whatever for a darkness

 

[SirRumpole]

Or just euthenise the elderly.

Or sterilise the young ?

 

[sptrawler]

Surely they could just go into despair and starve slowly - like those on Newstart perhaps . whatever for a darkness

Patiently waiting for their inheritance.

 

[Gringotts Bank]

The guy I mentioned earlier in the thread (the private banker) is still confident the fall is coming next year. Apparently that's the consensus view among those he works with. Haven't spoken with the hairdresser in a while.

fwiw

 

[Smurf1976]

I’m organising various works (trades etc) at the moment and in short, it’s much easier to get someone now than it was 6 months ago.

Seems to be much more enthusiasm to get work too - eg no problem getting quotes etc.

 

[SirRumpole]

I’m organising various works (trades etc) at the moment and in short, it’s much easier to get someone now than it was 6 months ago.

Seems to be much more enthusiasm to get work too - eg no problem getting quotes etc.

Would you say the workers are dinky-di or mainly foreign ?

 

[sptrawler]

I’m organising various works (trades etc) at the moment and in short, it’s much easier to get someone now than it was 6 months ago.

Seems to be much more enthusiasm to get work too - eg no problem getting quotes etc.

The self employed tradies in W.A are hurting, a glazier I know, who was 'killing the pig' 5 years ago, is now trying to off load property to keep his head above water.
The car yards are deserted and small shops are closing, it isn't looking good, but I think as Grino says we have a way to go yet.
There is still a long way to go down over East.IMO

 

[Smurf1976]

If the population is growing but there are fewer people flying to the largest city then that suggests things aren't all rosy:

https://www.smh.com.au/business/com...s-australia-china-dry-up-20190815-p52h8t.html

Domestic passenger numbers fell by 1.5 per cent, or 200,000 to 13.3 million

 

[Smurf1976]

Would you say the workers are dinky-di or mainly foreign ?

I haven't looked into it closely but I haven't consciously noted anyone who didn't seem to be a permanent resident of Australia.

 

[SirRumpole]

I haven't looked into it closely but I haven't consciously noted anyone who didn't seem to be a permanent resident of Australia.

Good.

 

[tinhat]

Or sterilise the young ?

Demographics is king.

 

[basilio]

Demographics is king.

Or maybe there are some other factors that could dent our inalienable right to make more money ?
Check this out and consider what your investment strategies for the next 10-20 years could look like.

SPECIAL
Climate Change: The Facts
ABCDOCUMENTARY
Sir David Attenborough looks at a planet on the verge of climate catastrophe. With intimate stories of people's lives affected by climate change, the documentary takes a look at one of the greatest challenges we face today.
https://iview.abc.net.au/show/climate-change-the-facts/video/ZW2018A001S00

 

[qldfrog]

Today, virgin was increasing luggage allowance for parents with babies
For me that says empty Virgin planes
And Virgin is not champagne class
So Australia is hurting.less interstate trip for afl match and concerts
Get ready for cheap jetski and quad soon
And my house is not yet in the market..talk about timing