The state of the economy at the street level

[Humid]

So business could spring back to no jobs no wage growth and no policies

 

[Knobby22]

So business could spring back to no jobs no wage growth and no policies

The effect is to retain jobs and support business. You can see the alternative overseas.
Excellent article in today's Age showing how Christian Portman realised what he had to do after business people rang him in desperation. To keep jobs and business going he joined with the Unions to modify awards and develop a plan. This plan will be enhanced going forward.

We are still going to have a rough time but our political process is working.

 

[Humid]

The effect is to retain jobs and support business. You can see the alternative overseas.
Excellent article in today's Age showing how Christian Portman realised what he had to do after business people rang him in desperation. To keep jobs and business going he joined with the Unions to modify awards and develop a plan. This plan will be enhanced going forward.

We are still going to have a rough time but our political process is working.

Yeah but can you tell me where we going before this?

 

[qldfrog]

The effect is to retain jobs and support business. You can see the alternative overseas.
Excellent article in today's Age showing how Christian Portman realised what he had to do after business people rang him in desperation. To keep jobs and business going he joined with the Unions to modify awards and develop a plan. This plan will be enhanced going forward.

We are still going to have a rough time but our political process is working.

Great post, do you own a business?, great common sense and realistic view, like it !

 

[Knobby22]

Great post, do you own a business?, great common sense and realistic view, like it !

In one as an associate but not one of the directors.

 

[aus_trader]

I think jobkeeper was done to avoid company collapses and allow fora restart.
It is not people welfare, it is company welfare.
Without it, for companies..and i mean the bread and butter SMEs running this country, not the big corporations, ,: They would have had to sack employeesay all the due holiday leaves, extra redundancy payment.
If not collapsed by the extra cost, at restart,rehire retrain new people having lost their best employees and skills.it would have been an economic carnage.
So the government tried the save the economy first, which is not a leftist idea, but actually makes sense.
Was it hard for the casual and students etc left behind, oh yeah, but if the economy is left to restart, they have a chance to get a job again whereas otherwise, no one would be left to employ them
No perfect solution
Jobseeker was supposed to care for them.did it fail? I know about job keeper,not enough about job seeker

I am OK with supporting full time workers keep their jobs with Job Keeper, otherwise the main engine will struggle. And we all will pay with future taxes etc whether you are working full time, part time or casual. So there is no discrimination when it comes to giving back to the Government.

I think there should have been some support for the people who are just keeping it together with less hours worked and who had their hours cut. All or nothing was unfair for those who didn't receive a cent.

I know people who missed out and felt gutted !

Kevin Rudd was a ledged. He could say "Sorry" when others couldn't and he could give a stimulus to all Australians, fair and square. It's sad the people chosen Prime Minister was thrown out of the Parliament by the internal crooks who plotted his fall.

 

[qldfrog]

It's sad the people chosen Prime Minister was thrown out of the Parliament by the internal crooks who plotted his fall.

Indeed, be it Rudd or Malcolm, this should not happen.

 

[aus_trader]

Indeed, be it Rudd or Malcolm, this should not happen.

Yes indeed, there would have been a bit more planning and checking the fairness of it before unleashing the biggest stimulus upon the Australian economy if they executed it. So I think people of Australia as a whole choose a prime minister that they want in power not what the party wants or what the political crooks want !

 

[jbocker]

Spoke with the brother, he is flat out supporting Vet health sample deliveries, the sister in law flat out with a developer (residential) who have just put ON two additional draftees. A couple of sons of friends in trades going really well.
Maybe people are spending their 'overseas holiday' monies AND their restaurant and pub monies on all the wall cracks they have been staring at during lock down.
Years gone by, I have a friend who went to fix a tile in the bathroom and ended up having a complete bathroom renovation done through a professional company. I daresay that HAS also happened in more than a few households over the last two months.

Going walk to the local corner pub with the Mrs, and I am expecting a line up outside.

 

[aus_trader]

A lot of us on these forums may not take up the stimulus since it's a pretty steep $150k to entry fee ! That's based on all the discussions I've been having with members.

But I think we ASF'ers represent a very small slice of the Aussie pie and my gut feeling is large percentage of the population will take it up, given the love affair with homes in the country.

No point fighting it, I decided to get some exposure to all that money being swashed around through the economy in Speculative Stock Portfolio with a stock purchase.

 

[Dona Ferentes]

A lot of us on these forums may not take up the stimulus since it's a pretty steep $150k to entry fee ! That's based on all the discussions I've been having with members.

But I think we ASF'ers represent a very small slice of the Aussie pie and my gut feeling is large percentage of the population will take it up, given the love affair with homes in the country.

I think it's about being "shovel, or nail-gun, ready" (not getting a bureaucracy up to speed to allocate, with attendant process & delays) and also alignment with Lib 'values', individual choice and all that rather than KRudd consensus. But is there a huge amount of money on offer?? Plus, the lack of filter means more going to big cities; I'd rather some targeted 'decentralisation'. More bang for the buck, there.

 

[wayneL]

Qui bono? Quis solvit?

 

[Dona Ferentes]

Qui bono?

He's a singer in U2

 

[wayneL]

He's a singer in U2

”Bono" is a tw@t, not a Latin interrogative.

But, one may therefore ask the same question of him.

 

[aus_trader]

alignment with Lib 'values'

Couldn't agree more. It's certainly aimed at that.

 

[sptrawler]

Sounds like history being re written as we speak.

 

[Smurf1976]

But I think we ASF'ers represent a very small slice of the Aussie pie

A stock market forum with people who actually have real knowledge - by its very nature that's a niche thing. In a good way not a bad way certainly, but a niche thing nonetheless.

 

[jbocker]

I think it's about being "shovel, or nail-gun, ready" (not getting a bureaucracy up to speed to allocate, with attendant process & delays)...

Yes Agree. I think it is time to roll up the sleeves and simply get working, cast aside the political bull sheet and work with honour and pride.
Continue with the respect that has become something we have gladly learned to appreciate in these covid months. I feel somewhat happy or relieved (cant put a word to it) about Black Lives Matter it seems to fit in with the mood of acceptance (not the looting), ..and hopefully continues to a point where All Life Matters.
Whoa I am getting deep. And before anyone asks No I am not on drugs. But I did just have a great night out.

 

[aus_trader]

A stock market forum with people who actually have real knowledge - by its very nature that's a niche thing. In a good way not a bad way certainly, but a niche thing nonetheless.

Totally agree. I also meant in a good way about a lot of us ASF members not taking up the homebuilder offer. Lot of us feel like it's a debt trap to walk into, given we already have mortgages up to our chest. No need to go deeper into debt up to the eye balls and complain we can't breathe thanks to that shiny new home extension or reno. I mean, we are not talking a small loan to add on, for most of us anyway.

Besides there is quite a few old timers here who has been around the block a few times in their life, so have a lot of experience to weigh up any schemes thrown at them.

But I feel a lot of younger homeowners and the vast majority of the general community who don't hang around these forums will walk straight into it.

 

[moXJO]

Town was packed all weekend. Went and had a pub lunch on Saturday. All the pubs in the area have completed renos.
Bistro was packed. Grabbed a $13 steak and chips medium rare. True to form I got incinerated charcoal. Very rare finding a restaurant that can cook a steak, which is sad.
Probably expecting too much from a $13 meal.

Are we meant to be in recession yet?