Two things need observation. If the economy is in such good shape why have the reserve bank dropped interest rates consistently for the last three years? It is now currently at 30 year lows. They only do this if the economy is struggling. Other sectors are showing recession. Fact!
Secondly based on the former one should cut back on ones spending before going to the bank once more and finding nothing in the account. Economics 101. 7 years of deficits don't show fiscal management.
We are still at 2.75%, much better than most other countries. US and Japan, two of the major economies are at or near zero percent. So, on that basis, we are still doing better than others. If you really want to know why the reserve banks drops interest rates, read the minutes. Mind you, it is very dry reading, so if you have insomnia, this might help
It isn't as cut and dried as you suggest, there are global factors in play also.
Ok, so given the high cost of health-care, gridlock in our cities, sheer lack of mass transit systems, an education system that graduates children that say
"youse" or "what I done", an aged care system that,for many, forces the sale of the family home.... well you get the drift....
How on earth does the ability to download "Debbie does Dallas" in 10 seconds fix the above?
Two things need observation. If the economy is in such good shape why have the reserve bank dropped interest rates consistently for the last three years? It is now currently at 30 year lows. They only do this if the economy is struggling. Other sectors are showing recession. Fact!
Secondly based on the former one should cut back on ones spending before going to the bank once more and finding nothing in the account. Economics 101. 7 years of deficits don't show fiscal management.
Oh, but I thought interest rates would always be lower under a coalition government..? Ah I see, if they are low under a coalition government that means things are going good but if they are low under a Labor government that means things are going bad .... riiiight
Oh Peter, you are so correct. I work in the education sector dealing with tertiary students and mathematical and literacy levels could be better. With some, it is appalling, how did they get through school? I have particularly noticed acronyms that are used in texting creeping into their work. But then, it keeps me employed.
Oh, but I thought interest rates would always be lower under a coalition government..? Ah I see, if they are low under a coalition government that means things are going good but if they are low under a Labor government that means things are going bad .... riiiight
Regardless of what side the current gvt is from the facts are that we're in a massive debt (+interests), the cash rate is at %3 the inflation at %2.5, credit cards debts are through the roof. People and gvt have spent money they don't have. We're not in a good position. And we've just come out of a mining boom, meaning we've literally spent our a$$ off. People who have money in the bank or super are dead in the water and taxed out.
Sigh...crude and complete short sighted emotive example, you sound like my 80 year old technophobe mother
Me? Technophobe? Given my day job involves managing 6 primary and secondary computers, and thousands of networked systems...Phobia? nah! ...despite all the flash lights and buttons, they are just another way of helping in getting safely from A to B.
But, I'm clear as crystal now on your party-driven position. Given your lack of a life-fulfilling application to the NBN, or a rational response, I'll take it as a serious waste of my tax dollars.
Me? Technophobe? Given my day job involves managing 6 primary and secondary computers, and thousands of networked systems...Phobia? nah! ...despite all the flash lights and buttons, they are just another way of helping in getting safely from A to B.
But, I'm clear as crystal now on your party-driven position. Given your lack of a life-fulfilling application to the NBN, or a rational response, I'll take it as a serious waste of my tax dollars.
Cool, that was your position from the outset and I knew it, just having a bit of fun with you Peter. So how fast can you watch porn on any of the 6 primary and secondary computers in the A380 anyway....
Cool, that was your position from the outset and I knew it, just having a bit of fun with you Peter. So how fast can you watch porn on any of the 6 primary and secondary computers in the A380 anyway....
Humour
ha ha good un!
I think whomever is debt free..... please cast the first stone, MOST people do have debt as in mortgages etcetera
it is a very lucky person (or government) that can claim total debt freedom
pat
ha ha good un!
I think whomever is debt free..... please cast the first stone, MOST people do have debt as in mortgages etcetera
it is a very lucky person (or government) that can claim total debt freedom
pat
My simple 2 cents: nothing is ever as bad as we moan about, nor as good as we brag about.
You are quite right but it is indeed pretty damn good here in Oz
2013 Human Development Index report released recently by the UN
Have a look at it and stop bloody complaining (except about not getting the best NBN we can) Australia is still ranked 2nd behind Norway... and even with our teeerrible dastardly cow government, gi'me a break
Here is the full 2013 report if you care to read it... instead of the Daily Telli
Mike
Last edited by strongmanmike; 16-05-2013 at 10:26 PM.
.... riiiight 
