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http://www.ozpolitic.com/forum/YaBB.pl General Discussion >> Federal Politics >> Australia's economy in recession per capita http://www.ozpolitic.com/forum/YaBB.pl?num=1551834899 Message started by Bam on Mar 6^th, 2019 at 11:14am

Title: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 11:14am

Australia's economy just entered recession on a per capita basis

Quote:

Australia has just recorded its second straight quarter where the economy shrank on a per capita basis.

Removing the impact of population growth from fourth quarter GDP figures, the economy declined by 0.2 per cent in the three months to the end of the year, following a 0.1 per cent decline in the three months to September.

Including population growth does not make the picture much rosier, with the economy growing at just 0.2 per cent over the fourth quarter.

The weak result dragged down Australia's economic growth last year to 2.3 per cent, well below the Reserve Bank's optimistic call of 2.8 per cent and beneath even the more pessimistic analyst forecasts.

It also shows a dramatic slowdown over the course of last year, with annualised growth over the second half of the year coming in at 1 per cent, compared with the brisk 4 per cent in the opening months.

"Growth in the economy was subdued, reflecting soft household spending and a decline in dwelling investment," ABS chief economist Bruce Hockman said.

"The approvals for dwelling construction indicate that the decline in dwelling investment will continue."

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 11:26am

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

Title: Re: Australia's economy in recession per capita
Post by crocodile on Mar 6^th, 2019 at 11:30am

GDP per capita has been slipping away for years. That productivity genie just won't stay in the bottle. If it takes more labour and capital to produce the same output just what were you expecting.

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 11:31am

Shorten / Bowen are going to fast-track a larger downturn in house prices because of their stupid Negative gearing policy.

It will cause an over-supply of housing stock, leading to a downturn in the general economy.

A recession will result. >:(

House price falls could feed into the wider economy: Lowe

Falling house prices could slow the overall economy, Reserve Bank governor Philip Lowe has conceded while arguing there were still positive signs a strong jobs market will underpin the nation over the next year.

Speaking at the AFR Business Summit in Sydney on Wednesday, the governor said the main factors behind the sharp run-up in house prices in Sydney and Melbourne over recent years were a surge in population and a lack of supply of new residential dwellings.

Prices were now correcting because supply had caught up with demand.

https://www.theage.com.au/politics/federal/house-price-falls-could-feed-into-the-wider-economy-lowe-20190306-p5121d.html

Title: Re: Australia's economy in recession per capita
Post by .JaSin. on Mar 6^th, 2019 at 11:32am

A Recession will be good to bring our HYPER-INFLATION back down to earth. Australia has become an over-priced piece of crap since 2000AD.

Good example in one part of NSW.
Workers crying poor about being sacked from a Timber Mill saying "We Don't want to be sacked" publically for the sympathy vote.
But they will get there nice retrenchment packages and then start work at the new bigger and better Timber Mill about 50kms away. ::)

Title: Re: Australia's economy in recession per capita
Post by macman on Mar 6^th, 2019 at 12:24pm

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 12:27pm

macman wrote on Mar 6^th, 2019 at 12:24pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Nah, Bowen is going to retell the Keating: "This is the recession Australia had to have" speech, but with an even more supercilious expression. >:(

Title: Re: Australia's economy in recession per capita
Post by .JaSin. on Mar 6^th, 2019 at 12:27pm

macman wrote on Mar 6^th, 2019 at 12:24pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Didn't the Libs have to do the same when the ALP went balls up?

Either way - both parties are incompetant these days, hence the growth of Independants rising.
Liberals have failed and Labor just can't lift its game. ::)

Title: Re: Australia's economy in recession per capita
Post by crocodile on Mar 6^th, 2019 at 12:33pm

Captain Nemo wrote on Mar 6^th, 2019 at 12:27pm:

macman wrote on Mar 6^th, 2019 at 12:24pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Nah, Bowen is going to retell the Keating: "This is the recession Australia had to have" speech, but with an even more supercilious expression. >:(

Poor choice of words from Keating but essentially, he was on the money.

Title: Re: Australia's economy in recession per capita
Post by Vic on Mar 6^th, 2019 at 1:46pm

Amanda - suck eggs!

download_007.jpeg (8 KB | 15 )

Title: Re: Australia's economy in recession per capita
Post by Sir lastnail on Mar 6^th, 2019 at 2:02pm

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

They won't have to do much if it is already in a recession !

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 2:06pm

Sir lastnail wrote on Mar 6^th, 2019 at 2:02pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

They won't have to do much if it is already in a recession !

It isn't in a recession yet. Bowen / Shorty will cause it to get there though.

Title: Re: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 2:40pm

crocodile wrote on Mar 6^th, 2019 at 12:33pm:

Captain Nemo wrote on Mar 6^th, 2019 at 12:27pm:

macman wrote on Mar 6^th, 2019 at 12:24pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Nah, Bowen is going to retell the Keating: "This is the recession Australia had to have" speech, but with an even more supercilious expression. >:(

Poor choice of words from Keating but essentially, he was on the money.

Correct. This recession killed off inflation as an economic problem in Australia.

Title: Re: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 2:43pm

Captain Nemo wrote on Mar 6^th, 2019 at 12:27pm:

macman wrote on Mar 6^th, 2019 at 12:24pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Nah, Bowen is going to retell the Keating: "This is the recession Australia had to have" speech, but with an even more supercilious expression. >:(

Any recession in the next few months will be blamed on the Coalition. Do you really think the Coalition's stagnant wages are not having any effect?

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 2:45pm

of course it will be blamed on the COALition by Labor, that's par for the course.

The fact will be that Bowen / Shorty will have fast-tracked a recession with their stupid policies that deflate housing values, stifle consumer confidence and mug the wider economy. ::)

Title: Re: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 2:46pm

Captain Nemo wrote on Mar 6^th, 2019 at 11:31am:

Shorten / Bowen are going to fast-track a larger downturn in house prices because of their stupid Negative gearing policy.

That's rubbish.

The real stupid policy is forcing other taxpayers to subsidise one's investments. If you've got enough spare money to own an investment property or a couple of million dollars worth of shares, you don't need any help from taxpayers. None at all.

Title: Re: Australia's economy in recession per capita
Post by crocodile on Mar 6^th, 2019 at 2:48pm

Bam wrote on Mar 6^th, 2019 at 2:40pm:

crocodile wrote on Mar 6^th, 2019 at 12:33pm:

Captain Nemo wrote on Mar 6^th, 2019 at 12:27pm:

macman wrote on Mar 6^th, 2019 at 12:24pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Nah, Bowen is going to retell the Keating: "This is the recession Australia had to have" speech, but with an even more supercilious expression. >:(

Poor choice of words from Keating but essentially, he was on the money.

Correct. This recession killed off inflation as an economic problem in Australia.

Pretty well a carbon copy of what Paul Volcker did in the US a decade earlier with strikingly similar results. He was on the money because he had to wait for the next recession to come along. Hence the famous saying.

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 2:50pm

Bam wrote on Mar 6^th, 2019 at 2:40pm:

crocodile wrote on Mar 6^th, 2019 at 12:33pm:

Captain Nemo wrote on Mar 6^th, 2019 at 12:27pm:

macman wrote on Mar 6^th, 2019 at 12:24pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Nah, Bowen is going to retell the Keating: "This is the recession Australia had to have" speech, but with an even more supercilious expression. >:(

Poor choice of words from Keating but essentially, he was on the money.

Correct. This recession killed off inflation as an economic problem in Australia.

We don't have an inflation problem.

Title: Re: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 2:53pm

Captain Nemo wrote on Mar 6^th, 2019 at 2:50pm:

Bam wrote on Mar 6^th, 2019 at 2:40pm:

crocodile wrote on Mar 6^th, 2019 at 12:33pm:

Captain Nemo wrote on Mar 6^th, 2019 at 12:27pm:

macman wrote on Mar 6^th, 2019 at 12:24pm:

Captain Nemo wrote on Mar 6^th, 2019 at 11:26am:

Then along will come Bowen / Shorten to turn it into a general recession!

The bastards! >:(

In actual fact, it's a rerun of last time when labor came to power. The libs have stuffed the economy with their incompetence and labor will have to drag the country out of the sh*t again.

Nah, Bowen is going to retell the Keating: "This is the recession Australia had to have" speech, but with an even more supercilious expression. >:(

Poor choice of words from Keating but essentially, he was on the money.

Correct. This recession killed off inflation as an economic problem in Australia.

We don't have an inflation problem.

Not anymore. The 1990s recession killed it. If you don't even know that, why should anyone believe your recession speculations?

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 3:03pm

I well remember the row upon row of empty commercial offices that occurred with the Keating / Hawke recession ... Bowen / Shorten are going to cause that disaster once again. :(

Mark my words, those two nongs are going to mug the economy. >:(

Title: Re: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 4:13pm

Captain Nemo wrote on Mar 6^th, 2019 at 3:03pm:

I remember the double-digit inflation, double-digit interest rates and double-digit unemployment that the Hawke government inherited from Fraser. No other government has ever managed to do all of those at the same time. That was the most inept economic management that this country has ever seen. And that was a Coalition government.

If the Abbott-Turnbull-Morrison government was somehow re-elected, they will do this again. They will crash the economy. They killed off the car manufacturing industry. They have presided over the lowest wages growth this country has seen for decades. The cost of living has blown out and most Australians are worse off than they were five years ago. They allowed the house price bubble to blow out of control and now house prices are correcting hard. If they won another term, they will crash the economy into the deepest recession this country has seen for 80 years.

Already it will take a decade to fix the economic problems they caused. If they get in again, fixing their problems will take a generation.

Only a Labor government can implement the reforms that are needed. The Liberals are too hell bent on giving more wealth to the wealthy and starving the middle class.

Title: Re: Australia's economy in recession per capita
Post by macman on Mar 6^th, 2019 at 4:14pm

Captain Nemo wrote on Mar 6^th, 2019 at 2:45pm:

We are already in a wages recession, put there by your pack of fools. Their policies have failed this country badly and still wank**s like yourself are blaming everything on labor who are not in power.Why can't righties take responsibility for their own failures instead of looking to blame everybody else?

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 4:22pm

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Title: Re: Australia's economy in recession per capita
Post by greggerypeccary on Mar 6^th, 2019 at 4:25pm

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Record high corruption.

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 4:29pm

greggerypeccary wrote on Mar 6^th, 2019 at 4:25pm:

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Record high corruption.

Remember these ... ?

Craig Thomson

Sam Dastyari

Eddie Obeid

Title: Re: Australia's economy in recession per capita
Post by stunspore on Mar 6^th, 2019 at 5:50pm

I think people are stupid if they didn't know this ages ago.

Title: Re: Australia's economy in recession per capita
Post by John Smith on Mar 6^th, 2019 at 5:57pm

Captain Nemo wrote on Mar 6^th, 2019 at 4:29pm:

greggerypeccary wrote on Mar 6^th, 2019 at 4:25pm:

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Record high corruption.

Remember these ... ?

Craig Thomson

Sam Dastyari

Eddie Obeid

;D ;D ;D

remember these?

http://www.ozpolitic.com/forum/YaBB.pl?num=1525844664

39 pages of corruption under this govt. And it's not even a complete list :D D:D

Title: Re: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 5:57pm

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Why do you post lies?

Title: Re: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 6:00pm

greggerypeccary wrote on Mar 6^th, 2019 at 4:25pm:

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Record high corruption.

Nailed it.

This current mob are the most corrupt Federal government this country has ever had. Only the Bjelke-Petersen and Askin governments were worse.

Title: Re: Australia's economy in recession per capita
Post by Captain Nemo on Mar 6^th, 2019 at 10:14pm

Bam wrote on Mar 6^th, 2019 at 5:57pm:

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Why do you post lies?

MEDIA RELEASE

19 April 2018
Embargo: 11:30 am (Canberra Time)

Labour force participation rate at all-time high

Employment and hours
The trend participation rate increased to a record high of 65.7 per cent in March 2018, according to latest figures released by the Australian Bureau of Statistics (ABS) today.

"The labour force participation rate now sits at 65.7 per cent, the highest it has been since the series began in 1978, indicating that the population is participating in the labour market at a record high level," the Chief Economist for the ABS, Bruce Hockman, said.

In line with the increasing participation rate, employment increased by around 14,000 persons. Part-time employment increased by 13,000 persons and full-time employment by 1,000 persons, reflecting a slowing in full-time employment growth.

Over the past year, trend employment increased by 3.1 per cent, which was above the average year-on-year growth over the past 20 years (1.9 per cent).

http://www.abs.gov.au/ausstats/abs@.nsf/lookup/6202.0Media%20Release1Mar%202018

Australia has now created jobs in each of the past 16 months, the longest stretch ever seen before.

According to the Australian Bureau of Statistics (ABS), employment grew by 16,000 in seasonally adjusted terms in January, marginally topping forecasts for an increase of 15,000.

Part time employment surged by 65,900, masking an ugly 49,800 decline in full time workers.

That reversed the trend seen over the year where full time employment soared by 293,200, far outpacing a 110,100 increase in part time employment over the same period.

At 12.4535 million, total employment now stands at the highest level on record, helped by a record stretch of consecutive monthly gains that began way back in October 2016.

https://www.businessinsider.com.au/australia-jobs-report-january-2018

RBA on hold again, rolling record low interest rate into its second year

https://www.abc.net.au/news/2018-08-07/rba-record-low-interest-rate-rolls-into-its-second-year/10082830

The inflation rate is the lowest ever recorded according to one of the Reserve Bank’s underlying inflation measures

https://www.theguardian.com/business/grogonomics/2017/jan/26/record-low-inflation-growth-reflects-the-bizarre-times-we-live-in

You're welcome. 8-)

Title: Re: Australia's economy in recession per capita
Post by Bam on Mar 6^th, 2019 at 10:48pm

Captain Nemo wrote on Mar 6^th, 2019 at 10:14pm:

Bam wrote on Mar 6^th, 2019 at 5:57pm:

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Why do you post lies?

So how do you like to pick your cherries?

Why do you ignore:

* Record low wages growth over 5 years
* Rising long-term unemployment
* Coalition's corruption and cronyism
* Paying high prices for several restricted tenders that happen to go to their mates
* No action on wage theft
* Record high numbers of illegal immigrants
* Record high numbers of people arriving with baseless asylum claims
* Part-time government only showing up to work for 4 weeks in eight months
* Numerous scandals
* First per capita recession since 2006
* Selling out record numbers of Australian jobs to foreigners
* Killing off the car manufacturing industry
* Blocking banking Royal Commission 26 times
* First government to lose control of Parliament since 1961
* First government to lose a legislative vote since 1941

I could add more to this list. Cherrypicking a few dated figures doesn't absolve this bad and moribund government of their numerous sins.

Title: Re: Australia's economy in recession per capita
Post by 56 44 on Mar 7^th, 2019 at 3:37am

Captain Nemo wrote on Mar 6^th, 2019 at 10:14pm:

Bam wrote on Mar 6^th, 2019 at 5:57pm:

Captain Nemo wrote on Mar 6^th, 2019 at 4:22pm:

COALition:

Record high employment.
Record high participation rate.
Record low inflation.

I'll take those any day! 8-)

Why do you post lies?

So whats excuse for per capita recession?

Title: Re: Australia's economy in recession per capita
Post by stunspore on Mar 7^th, 2019 at 6:09am

Writing in capitals doesn't make it right.

No one wants to be part of the working poor, like America - that is where Coalition is leading us to.

Working more does not help when income is low. To the point that the place of work also raises a charity for its workers - like Walmart.

https://mic.com/articles/104994/walmart-workers-have-a-biting-response-to-the-company-s-food-drive-for-employees

Title: Re: Australia's economy in recession per capita
Post by buzzanddidj on Mar 7^th, 2019 at 2:23pm

Jasin wrote on Mar 6^th, 2019 at 11:32am:

A Recession will be good to bring our HYPER-INFLATION back down to earth.

Australia's current rate of 'hyper-inflation' - is actually the lowest in our living memory

http://www.abs.gov.au/websitedbs/d3310114.nsf/home/abs+chief+economist+-+70+years+of+inflation+in+australia

Title: Re: Australia's economy in recession per capita
Post by 56 44 on Mar 7^th, 2019 at 6:21pm

Deary deary me rtards