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#2851 | |||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,182
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Quote:
https://www.abc.net.au/news/2022-08-...vice/101327530 I recall a story on the ABC radio a few months ago, and the economist being interviewed said there was basically three or four things that could be done to help control inflation. I can't remember the detail, but basically he said all but increasing interest rates were either outside the government's control or for those controllable by the government, no government would make these choices as they would be received negatively by the voting public. As the government has no control over the RBA decisions, all governments were happy to allow the RBA to take the brunt of having to make the tough decisions.
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#2852 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,046
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Same. This rate rise can hardly be blamed on consumers, most of the inflation came from lack of housing supply, oil and energy prices.
Meanwhile, I'm constantly being cold-called by reps (existing suppliers and new) trying to drum up business. Nobody's buying (at least not in manufacturing). |
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#2853 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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Can someone tell me if there is a correlation to HOW a government spends tax payer money and how a countries citizens spends their own money when it comes to hyperinflation?
My point is, if we are in such turmoil due to how much we as tax payers spend in the current economy, then why are we as a country send money hand over fist to other countries without question or consideration for its own citizens? Shouldn't the leaders of this country be looking after their own first? Or is it something separate? We are in a big financial hole as we are reminded by the leaders but it just seems like we are somehow able to afford to keep other war torn countries afloat at the same time.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2854 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Very complicated. "Foreign aid" buys influence and favour, and in some cases shows our masters that we are team player.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2855 | ||
FF.Com.Au Hardcore
Join Date: Jan 2007
Location: Port Lincoln, SA
Posts: 5,126
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Basically 'giving to get'. Fundamentally sickening that politics play school yard tactics.
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cheers Shaun Current SY FPV F6X Territory #214 Previous FG MkII G6E Turbo built by Heinrichs Performance and Tuning BFII FPV TORNADO #0021 351rwkw - Heinrich Performance and Tuning "Milk is for babies. When you grow up you have to drink beer" - Arnold Schwarzenegger |
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#2856 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,854
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I’ve noticed car battery prices firming a little higher than they were six months ago. Not sure whether it’s landed cost going up or importers preserving the life to which they have become accustomed.
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#2857 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,687
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Proud owner of the ugliest Ford ever made |
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#2858 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,854
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I’m impressed that Ian Verrender seems to get away with saying what you’d think the ABC considered unacceptable - in an adjacent article to your link he’s effectively canvassing the idea of a sharp cutback in migration.
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#2859 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Quote:
Interesting times.
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#2860 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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US inflation was 0% last month. There are talks US and UK might leave rates alone now, or even start to lower it.
Can people please stop having hair cuts and going to the dentist? And start boycotting shops that are passing on expenses. Seriously. PS. Tasman leg of lamb is now $7.50 a KG. Thats the new norm price. Check out your local independent stores, veges have fallen through the floor. I wonder where the RBA collect their basket of goods for CPI.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2861 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,854
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Most recent job started near me, they poured the second floor last week after more than a fortnight of formwork and roughing in. Now into it with wet saw, Kango etc - clearly, someone stuffed up. Formwork looked fairly pro, I’d say the principal contractor is at fault with setout or reading of plans.
So another job that will take up to twice the time it should, due to dodgy licencing and certification; no wonder there’s a shortfall in houses being completed. |
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#2862 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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Got my notice yesterday they are passing it on so $500/wk from January, was paying $300 odd before it started going up. Happy new year mother****er!
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#2863 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Quote:
I thought I'd be kind to mine, and started it earlier rather than it being a Christmas or new year present ![]()
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2864 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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#2865 | |||
Donating Member
![]() Join Date: Jan 2007
Posts: 292
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Quote:
to quote b0son, ...most of the inflation came from lack of housing supply, oil and energy prices... I wonder what caused these? Were these beyond Govt control or Govt did not want to due to other reasons??? One could argue that there are all self-inflected... Regards, George V |
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#2866 | ||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,508
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What becomes very clear in these situations is that those in the decision making positions aren't the ones being affected by the decisions and haven't been affected by them for some time.
They just say 'we know it's a blunt tool but it's the only one we have'! They've been well off for so long it's impossible for them to have any kind of empathy. There are a large percentage of people doing it very tough at the moment, through no fault of their own and these are the ones most impacted by these 'blind' decisions. The class divide in Australia is real. Those with money look down on those less fortunate and treat them as though it's their own fault for not having better paying jobs. What they fail to realise is that not all jobs can be high paid but someone has to do them. I realise nothing will change because there's too many snouts in the trough. Coorporate greed is next level at the moment and yet the plebs get preached to like its their fault for trying to live. Ridiculous.
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UA2 TREND 4WD BI TURBO |
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#2867 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,854
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The gay nomads were looking for a unit or townhouse near the Wollongong CBD in order to be close for work. They looked literally for weeks - application after application went nowhere.
Then they tried offering equal of a week’s rent in a “brown paper bag” as an incentive. Instantly an application was approved; they then cantilevered off that approval with another agent and a different property (but no paper bag). Again, instant approval and they withdrew their initial application. I’m not clear on who gets to hold the paper bag, whether the agent splits it or what. But it shows the marketplace as corrupt and stupid. I also know that only one of their referees was ever contacted, and only once at that. So we can probably add “lazy” to the list of agency shortcomings. Properties the guys viewed in the last week or so, but were “not selected” for, mostly remain on the market if you assume that agencies keep their stock lists current. Perhaps the rental shortage is being made worse by agencies not really doing much?
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Apple, Table… something! |
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#2868 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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Quote:
Soon there will be no Nurses, Cops and Firey's in big cities as they will not able to afford to live there.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#2869 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,854
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The irony is that essentially I funded that bribe - they drive a car I own, maintain and insure - which makes a gratuity more affordable.
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#2870 | ||||
FF.Com.Au Hardcore
Join Date: Jun 2013
Location: Adelaide
Posts: 1,601
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Quote:
Quote:
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____________________ 2019 LDV G10 2009 Mitsubishi Express-GONE 2011 Honda Jazz ____________________ |
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#2871 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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It will be interesting what they go with on Tuesday but would expect another hit ahead of Xmas season if they really want to lock **** down. The problem is the actuals lag the decisions and forecasts by a massive margin.
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#2872 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Quote:
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__________________
~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2873 | |||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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Quote:
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#2874 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,062
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Stop getting haircuts and going to dentists! These are some the reasons the RBA say are causing inflation.
RBA are clowns.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#2875 | |||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
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Quote:
Spend $100 extra this week on groceries? Yeah, the average family is going to feel it. Spend half a billion on a referendum that was always going to fail? Well that’s not really “our” money, that’s the uneducated bogans’ money. And screw them. This current government thinks taxpayer money materialises out of thin air. Not that the alternative is much better…
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1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
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#2876 | ||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
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As a dentist I haven’t raised prices and I can’t think of many who have…but if they have, maybe it’s to cover the new tax that the Victorian Government introduced to dentists specifically? And that tax is retroactive - the first time I’ve ever heard of such a thing!
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1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
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#2877 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,062
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I didn't miss it by much. Next prediction. January is holiday. No move Feb. Rate rise by Mar 2024.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#2878 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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the old squeeze and release technique
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2879 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,854
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Like milking a (cash?) cow?
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#2880 | ||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,508
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Amazing that for all the talk around cost of living and interest rates, demand for housing remains high and we're about to tick over a bumper year in new car sales.
Those with money are still spending up. I'm a simpleton when it comes to economics so it puzzles me why they persist with this 'one size fits all' method of using interest rates to control inflation. Sure, it eventually works, but at what cost and to whom. Those making the decisions are ridiculously out of touch these days both at the RBA and Govt. Blind Freddy can see it but no one wants to risk upsetting the snouts in the trough.
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UA2 TREND 4WD BI TURBO |
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