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Political Animal Australia • View topic - Australian economy

Australian economy

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Re: Australian economy

Postby HBS Guy » 28 Feb 2015, 07:06

Yup, saw that, Parkinson pushed out to make way for the present austerity lover.
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Re: Australian economy

Postby HBS Guy » 02 Mar 2015, 19:03

Lowest wage growth in 20 years:

http://www.msn.com/en-au/money/news/com ... ar-BBi8c53

Applying the Big Lie technique, or outright stupidity, Hokey reckons this was “good news” and even had a back bencher ask a Dorothy Dixer on it FFS!
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Re: Australian economy

Postby Lefty » 05 Mar 2015, 18:55

Hokey is a complete phukwit. With wage growth stalling, the last thing the economy needs is spending cuts by government.
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Re: Australian economy

Postby HBS Guy » 05 Mar 2015, 19:04

The guy at head of Treasury doubtless urging Hokey along the austerity path. WRONG!
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Re: Australian economy

Postby HBS Guy » 10 Mar 2015, 22:19

WTF is going to happen to our economy? Nothing good I bet:

1. The idiot RBA cuts rates, idiots rush out and overcommit at low rates.

2. US Fed Reserve is going to lift interest rates—money will flow out of Oz to US. $A drops relative to $US.

3. RBA RAISES interest rates as $A drops too much. Many idiots go broke, overcommitted at 2.25% cash rate.

4. Shambles is backflipping on just about everything to make Abbott look good. Instead—he looks like a dork

We don’t deserve this massive incompetence!
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Re: Australian economy

Postby Lefty » 12 Mar 2015, 05:36

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Re: Australian economy

Postby Lefty » 12 Mar 2015, 05:45

Meanwhile with the booming price of the basic human need for shelter from the elements making home ownership ever harder for our young people, genius Joe Hockey proposes a solution to the growing affordability crisis - let young people use their superannuation as a housing deposit.

All of the dumbphuk ideas around, that has to be one of the dumbest. The moment it becomes law, the price of housing will explode (further) as vendors simultaneously whack up asking prices in response to increased borrowing ability of around 20% - 25% of the market. Very quickly, any affordability gains made by being allowed to use super will simply be capitalized into higher house prices, completely nullifying said affordability gains. But in the process, superannuation as a retirement fund will have been plundered to the point that there will be phukkall left for the actual purpose it was originally implemented.

Phukking morons.
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Re: Australian economy

Postby OldMate » 12 Mar 2015, 07:00

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Re: Australian economy

Postby OldMate » 12 Mar 2015, 08:14

I just saw Mal on the ABC describing it as a 'thoroughly bad idea' and cited long standing studies confirming it......and went on to say the affordability was a well known 'supply issue' which needs addressing.

Take that Joe - a swift size nine straight to the googlies :bgrin .

And he went on to critique the 'selling' of the last budget and the 'missteps' (soft Mal, soft - ya bin kind to 'em!!!) Take that Wabbit - a swift size nine straight to the budgie smugglers :bgrin .

Does this mark a change in strategy for Mal. For my money he is acting as a critical alternative. :clap
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Re: Australian economy

Postby HBS Guy » 12 Mar 2015, 08:22

hehehehe Mal also said the govt should be like the NBN Co

"With the NBN, the first thing we threw out was ideology, lies, and spin. We told the truth about the project -- with an independent Strategic Review completed three months after the September 2013 election. . .”

Wow, dreaming or lying?
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Re: Australian economy

Postby Lefty » 12 Mar 2015, 11:37

Is Mal judging that his time is almost here? :bgrin

He's still bit of a dick of course, being a fib. But he clearly has something that Tony and Joe don't have one of between them - a brain.
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Re: Australian economy

Postby OldMate » 12 Mar 2015, 13:17

I don't know where or why Mal made the comments (was he drawn into them or was it premeditated) but it will be interesting to see if any of the talking heads or pundits comment on it tonight or over the next few days.
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Re: Australian economy

Postby HBS Guy » 12 Mar 2015, 13:52

It is all intensely Alice in Wonderland stuff.

The intergenerational report pinned our hopes on technology and innovation but didn’t mention the NBN.
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Re: Australian economy

Postby OldMate » 12 Mar 2015, 15:01

To my reckoning Joe's suing of the SMH ain't going well either. If he loses that it will be egg on the face and his judgment will look pretty shonky.

Bad luck Joe, sorry, but no cigar - see ya later - you maybe the PM in the next life. :Hi :bgrin
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Re: Australian economy

Postby HBS Guy » 12 Mar 2015, 15:39

He is making a terrible witness in his trial.

Politicians don’t usually sue until after they leave politics for a very good reason. Joe doesn’t have the brains god gave to chickens.
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Re: Australian economy

Postby OldMate » 12 Mar 2015, 16:13

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Re: Australian economy

Postby HBS Guy » 12 Mar 2015, 17:47

“too stupid” rings a bell with me!
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Re: Australian economy

Postby HBS Guy » 15 Mar 2015, 11:50

Quantitative easing and monetary policy:

http://www.smh.com.au/business/the-econ ... 4330s.html
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Re: Australian economy

Postby HBS Guy » 16 Mar 2015, 17:57

Image


Debt, what debt?

That huge post WWII debt got paid off with never a surplus Budget in sight (first one ever was Whitlam 1973.) They went for growth—John Curtin’s vision while still engaged in WWII implemented by Chifley then Menzies. Now the Libs just want to protect rich bastards and flog off public assets.
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Re: Australian economy

Postby HBS Guy » 02 Apr 2015, 17:09

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Re: Australian economy

Postby HBS Guy » 16 Apr 2015, 11:37

According to the ABS 38,000 jobs were created dropping unemployment to 6.1% from 6.3%. In trend terms the jobless rate in March is the same as in February, at 6.2 per cent.

May I record my feeling that this is complete bullshit? I reckon the true position is more like 6.5%, 13% youth unemployment. The shambles caused wallets to slam shut across the country, have destroyed what would have been billions of dollars of investment by now, stopped the FTTH rollout, destroyed the car industry. Where do 38K jobs come from? Confidence (Westpac survey) dropped this month.
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Re: Australian economy

Postby HBS Guy » 30 Apr 2015, 18:14

Looks like the idiot RBA will cut rates AGAIN in May, despite knowing the Budget will be contractionary not stimulatory and knowing the cut will do stuff all to boost the economy:

http://www.smh.com.au/business/the-econ ... mwyeu.html

And savers get another kick in the teeth.
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Re: Australian economy

Postby HBS Guy » 04 May 2015, 21:37

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Re: Australian economy

Postby HBS Guy » 05 May 2015, 14:28

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Re: Australian economy

Postby HBS Guy » 05 May 2015, 21:28

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