And i am seeing a point where there is no other option for the people, so they say hey, interest rates are very low, $38,000 per million.
You could say less then renting.
So no option for investors on mass, so lets pay more and more for non yielding assets.
What could go wrong?? Right.
Maybe pay off some debt?
Counter intuitive??
Lets see.
Peter
There is no doubt in my mind that tha RBA was fully aware that by dropping interest rates they would cause housing prices to rise. With a very much hoped for flow on effect being that developers would be incentivised to build more housing. Thereby picking up at least some of the 'slack' in the economy that was arising from mining's decline.
None of this is really about investors as such Musty. Or about savers. Or about home buyers - First time ones or otherwise.
It's about the economy and the RBA's inflation target and jobs.
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
Doing the best that they believe they can - To fulfil their mandate; Whilst also having a bit of a moan on occasion 'n sayin' it just might be nice if gov helped out by doin' a bit of borrowin' ta build some genuinely needed 'n useful infrastructure.
Doing the best that they believe they can - To fulfil their mandate; Whilst also having a bit of a moan on occasion 'n sayin' it just might be nice if gov helped out by doin' a bit of borrowin' ta build some genuinely needed 'n useful infrastructure.
End game. What do you do with all those very average folk in the burbs when there are no factories to keep them busy?
Building gaols means you can manage some while employing others of the same abilities, but at the end of the day, it is false economics.
What sort of infrastructure can lead us out of the '1hrs per week volunteering for the salvos equals full time employment' mind set.
Do we just keep marginalised therm, and treat them like shit when they invariably medicate themselves against the reality of their lives?
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
End game. What do you do with all those very average folk in the burbs when there are no factories to keep them busy?
Building gaols means you can manage some while employing others of the same abilities, but at the end of the day, it is false economics.
What sort of infrastructure can lead us out of the '1hrs per week volunteering for the salvos equals full time employment' mind set.
Do we just keep marginalised therm, and treat them like shit when they invariably medicate themselves against the reality of their lives?
You're asking me questions I surely don't have answers to Golly. (However, I can't reasonably be expected to anyway - Given I'm not an economist; And am realistic enough to realise that having read a bit of 'stuff' on the internet over the years on economics surely doesn't make me one.)
But regardless, the fact I don't have answers to such questions doesn't mean there aren't any.
Additionally, it doesn't mean I'll like (and certainly not even be asked if I like) any such answers the smarty economists of the world might come up with.
As to "end game", well that would seem to me to be the quite extreme bear position - With even economists who are very far from mainstream (like Keen maybe?) not accepting it as a given and still having a crack at proposing 'solutions'.
What do you do with all those very average folk in the burbs when there are no factories to keep them busy?
Historically it involved a fashion line made up entirely of Khaki and an overseas adventure. Not sure if that is possible in the 21st century though.
Quote:
Building gaols means you can manage some while employing others of the same abilities, but at the end of the day, it is false economics.
What sort of infrastructure can lead us out of the '1hrs per week volunteering for the salvos equals full time employment' mind set.
Do we just keep marginalised therm, and treat them like shit when they invariably medicate themselves against the reality of their lives?
To be honest, people don't need much to live. As long as their bellies are full with food and ale, and they are kept warm, all that is really left is the residual bloodlust left in the DNA by evolution. For that there is sport, and sport needs stadiums and fields, and food vendors and TV sponsors and advertisers. If we redirected our infrastructure efforts to (a) stadiums and (b) mass transit solutions to/from the stadiums, we could create an industry that would absorb the idle and entertain the bored masses.
Speak when you are angry and you will make the best speech you will ever regret. Ambrose Bierce
Historically it involved a fashion line made up entirely of Khaki and an overseas adventure. Not sure if that is possible in the 21st century though.
To be honest, people don't need much to live. As long as their bellies are full with food and ale, and they are kept warm, all that is really left is the residual bloodlust left in the DNA by evolution. For that there is sport, and sport needs stadiums and fields, and food vendors and TV sponsors and advertisers. If we redirected our infrastructure efforts to (a) stadiums and (b) mass transit solutions to/from the stadiums, we could create an industry that would absorb the idle and entertain the bored masses.
When in Rome.
Not much has changed.
Maybe with the Royal Commission into Responses to Child Rape we could get back to killing Christians in the ring.
Much better then giving them 8 months for raping dozens of children.
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
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