Australian Politics Forum - Australia's economy in recession per capita

Bam

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Re: Australia's economy in recession per capita
Reply #15 - 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.

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crocodile

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Re: Australia's economy in recession per capita
Reply #16 - 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! Angry

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. Angry

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.

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Very funny Scotty, now beam down my clothes.

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Captain Nemo

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Re: Australia's economy in recession per capita
Reply #17 - 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! Angry

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. Angry

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.

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Bam

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Re: Australia's economy in recession per capita
Reply #18 - 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! Angry

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. Angry

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?

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Captain Nemo Gold Member Offline Australian Politics Posts: 9516 Melbourne Gender:	Re: Australia's economy in recession per capita Reply #19 - 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.
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Bam

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Re: Australia's economy in recession per capita
Reply #20 - Mar 6^th, 2019 at 4:13pm

Captain Nemo wrote 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. Sad

Mark my words, those two nongs are going to mug the economy. Angry

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.

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macman

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Re: Australia's economy in recession per capita
Reply #21 - Mar 6^th, 2019 at 4:14pm

Captain Nemo wrote 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. Roll Eyes

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?

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Captain Nemo Gold Member Offline Australian Politics Posts: 9516 Melbourne Gender:	Re: Australia's economy in recession per capita Reply #22 - Mar 6^th, 2019 at 4:22pm COALition: Record high employment. Record high participation rate. Record low inflation. I'll take those any day!
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greggerypeccary Gold Member Offline Australian Politics Posts: 135632 Gender:	Re: Australia's economy in recession per capita Reply #23 - 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! Record high corruption.
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Captain Nemo

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Re: Australia's economy in recession per capita
Reply #24 - 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! Cool

Record high corruption.

Remember these ... ?

Craig Thomson

Sam Dastyari

Eddie Obeid

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stunspore Gold Member Offline Australian Politics Posts: 5091 Gender:	Re: Australia's economy in recession per capita Reply #25 - Mar 6^th, 2019 at 5:50pm I think people are stupid if they didn't know this ages ago.
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John Smith

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Re: Australia's economy in recession per capita
Reply #26 - 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! Cool

Record high corruption.

Remember these ... ?

https://upload.wikimedia.org/wikipedia/commons/thumb/8/8b/Craig_Thomson.jpg/220p...
Craig Thomson

https://www.abc.net.au/cm/lb/9249742/data/sam-dastyari-custom-data.jpg
Sam Dastyari

https://www.abc.net.au/cm/lb/8123422/data/eddie-obeid-custom-image-data.jpg
Eddie Obeid

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 Cheesy

D:D

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: Australia's economy in recession per capita Reply #27 - 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! Why do you post lies?
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Bam

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Re: Australia's economy in recession per capita
Reply #28 - 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! Cool

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.

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Captain Nemo

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Re: Australia's economy in recession per capita
Reply #29 - 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! Cool

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. Cool

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