The state of the economy at the street level

[sptrawler]

Mrs and I will will be moving back to WA soon to spend our dotage reminiscing about the "Glory Days", and spending copious amounts of cash at West Leederville (etc) and regular pilgrimages to Margaret River for the wine and hemp clothing we will never wear...

... just so long as McGowan doesn't copycat Mao Tse Dan.

Of course we will want to rent for a while as we re-reconnoitre the property market.

Couldn't have picked a worse time TBH. Apparently there are 20+ apps per property ATM.

...but... I suppose we could always sleep under The Causeway?

There are worse places to live than W.A wayne lol, it will depend on where you want to buy of course, but there are some terrific buying opportunities around and by the sound of prices over East anywhere in W.A will be cheaper. ?

 

[wayneL]

There are worse places to live than W.A wayne lol, it will depend on where you want to buy of course, but there are some terrific buying opportunities around and by the sound of prices over East anywhere in W.A will be cheaper. ?

Well, the sort of digs that we're interested in, doesn't seem that different to over here in banana land.... Mrs has her heart set on a few acres in Brigadoon or thereabouts.

Can't see many bargains there TBH, but good spot for both our businesses and close enough to the outlaws.

I just don't know if I can deal with the pretension of the folks around there

 

[sptrawler]

Well, the sort of digs that we're interested in, doesn't seem that different to over here in banana land.... Mrs has her heart set on a few acres in Brigadoon or thereabouts.

Can't see many bargains there TBH, but good spot for both our businesses and close enough to the outlaws.

I just don't know if I can deal with the pretension of the folks around there

Yes Brigadoon, North of Perth + horsey people = expensive.

 

[wayneL]

Yes Brigadoon, North of Perth + horsey people = expensive.

Trivia and off topic, but I was friends with Sue Bond at the time Bondie was developing all that area, and boy do I have some interesting stories about Brigadoon!

 

[moXJO]

Party supply shops and birthday cake shops are the latest victims. A couple have closed down over the last 2 months.

Talking to my son and he told me they have to sit at pubs and clubs. No walking around. So no mingling or meeting anyone new. Be interesting to see the repercussions of all this in a few years time.

 

[moXJO]

Payments are slowing out again. People are telling me people are delaying payments as long as possible.

 

[over9k]

Should be good for afterpay et al.

 

[wayneL]

Just my little update in my area of observation... Brisbane Western suburbs up through Samford valley and sometimes at to Northern and far western suburbs, things just seem to be normal.

No masks and apart from people anti-social distancing a bit, you wouldn't know there was any sort of purported pandemic going on.

The only hint is when my beloved and I go into a restaurant or cafe we have to sign in with a fake identity

It's a joke folks

 

[satanoperca]

Why shouldn't things me great in this wonderful country, lowest interest rates in history (screw savers and pensioners - they were meant to be knocked off by the virus anyway) and the RBA flooding liquidity back into the markets for the banks to get everyone further into debt.
Also the Fed and states throwing enough money at the virus, that the next 3 generations of Aussies could never pay it off.

Sunshine and lollipops

 

[wayneL]

Why shouldn't things me great in this wonderful country, lowest interest rates in history (screw savers and pensioners - they were meant to be knocked off by the virus anyway) and the RBA flooding liquidity back into the markets for the banks to get everyone further into debt.
Also the Fed and states throwing enough money at the virus, that the next 3 generations of Aussies could never pay it off.

Sunshine and lollipops

As topical, I will draw attention to my most recent post in the long volatility thread... Or rather the podcast contained therein.

I think Chris Cole has some interesting comment regarding this.

 

[satanoperca]

As topical, I will draw attention to my most recent post in the long volatility thread... Or rather the podcast contained therein.

I think Chris Cole has some interesting comment regarding this.

Can you link to it please?

 

[wayneL]

Can you link to it please?

 

[satanoperca]

Wayne I am scared after listening to that podcast.

And I am only 30minutes in.

@wayneL ??????

 

[satanoperca]

Wayne is this the same as a horse that has a broken leg, do you need to put it down and start again?

 

[wayneL]

Wayne is this the same as a horse that has a broken leg, do you need to put it down and start again?

Interestingly, there are parallels.

Between the vet and myself, we try to kick the can down the road, trying to get a few more months or years out of the poor beast, trying to reduce suffering in the meantime.

Usually not a break, but often osteitis, myelitis, or desmitis.

The result is inevitable, retirement or lead supplementation.

Likewise, the monetist version of the world economy is running on Finnadyne and methyl sulphonyl methane, just waiting for an opportune moment to catestrophically break the f*** down at the worst possible moment.

 

[SirRumpole]

Help the economy, demand a pay rise !

Excellent article by Ian Verrender.

Why you should demand a pay rise now

If you really want to do something patriotic this year, if you really want to help our economy recover from impacts of the pandemic, then you should demand a pay rise, writes Ian Verrender.

www.abc.net.au

 

[over9k]

...wait, an ABC article, pointing to the very simple supply & demand effects of mass immigration?

WHAT?!

 

[SirRumpole]

...wait, an ABC article, pointing to the very simple supply & demand effects of mass immigration?

WHAT?!

They are not all Leftists apparently.

 

[over9k]

doubt.jpg


There's something going on behind the scenes. No question. Just a question of what.



If we start seeing basically any other articles from basically any other news sources talking about it then we'll have absolutely no doubt that there's fuckery afoot.

 

[sptrawler]

Help the economy, demand a pay rise !

Excellent article by Ian Verrender.

Why you should demand a pay rise now

If you really want to do something patriotic this year, if you really want to help our economy recover from impacts of the pandemic, then you should demand a pay rise, writes Ian Verrender.

www.abc.net.au

It does make sense, the only down side he doesn't mention, it makes our manufactured goods even less competitive.
Which brings us back to what we reckon, tariffs will have to be re introduced to support local products which will cost more, or else the slide will continue IMO.
There is no point in throwing more and more money at people, until it ends up like Indonesia where everyone is on 1,000 a day, but the 1,000 only buys them a can of Bintang.
At the end of the day inflation is good, but without an increase in productivity, it just devalues your buying power in reality it is just a sugar hit.
Just my opinion.