Quick political point.
Does anyone who knows a bit of economics believe we can have wage growth, declining asset prices and tight unemployment at the same time?
And just how that even though it probably is in the best interests to keep an egalitarian society it’s actually politically possible?
Put up your hand if you would like to lose 200k in equity in your own home, more expensive goods and it meant someone else receives a 2k pay rise?
Well, at least that makes one politician who is not telling lies.
I would argue that not all three are related.
Wage growth is usually concurrent with low levels of unemployment, or Government increasing public service wages and there is a rise elsewhere with some inflation. If mass migration starts up again then wages will be going nowhere.
But house prices currently are only related to lowest interest rates ever and availability of finance. Reserve Bank will not increase interest rates for at least two years and banks will consequently have minor interest rises. So unless rules for loans change, then house prices are not coming down.
If I only have 1 property - my home - it doesn’t really matter, assuming the same proportional declines across the market. I’m less likely to see rates increase and I don’t see why I am to be excluded from the 2k pay rise (?). If I’m an investor then it’s more of an issue, and the more investment properties I have, the bigger the hit to my equity. But I don’t have to be an investor. I do need a home to live in though.
Bare faced hypocrite as well as liar
These fringe nutter parties would not exist if the electoral laws stopped paying them for every vote they get at each election, One nation for a start would be history, possibly even palmer, He likes to throw his money around but losing that would make him thinl twice, he would probably just end up donating to the liberal or national party anyway, but at least if might stop all of this bullshite media he does
What about that nutter Lib Senator Rennick?
However did he get preselected?
Unless there are some macro economic reforms on lending which NZ Labor did from government.
Would Aust Labor take that policy to an election if it proves to be successful?
(early signs in NZ but with their greatest growth in the supply of new housing ever suggest it maybe a successful policy).
I’m not sure if reforms that APRA would undertake here can be done by either party though?
It’s almost political, I wonder wtf really goes on with that regulator. Has Morrison gutted it or installed cronies?
Yes that’s just the classic inflation model.
Unemployment leads to wage growth leads to inflation leads to interest rate rises.
Not necessarily asset deflation, but higher interest would stop house price growth. For interest rates to rise high enough that prices go backwards would cause a recession and suddenly unemployment and wage situation reverses.
What are the major achievements of Turnbull/Abbott/Morrison?
Literally anyone.
Open question.
The floor is yours.
Corrupt government?
Broken alliances?
Open diplomatic wars with just about everyone?
They are all pretty major achievements, not positive ones, but still…
Won 3 terms
Staying in power despite being garbage.
Luck will run out this time though
Worst debt in govt history
Most scandals while in office
Least hair on a sitting PM’s head
So…nothing like creating the Family Law Court.
Anything like that.
I mean, it’s been ten years.
Edit: but enough of detractors.
I want to hear from Liberal voters.
What are the major achievements of a decade of conservative government.
Anything.
Literally anything.
Biggest POS PM ever.
He’s also really condescending which is such an awful trait on anybody.
Give Turnbull his due, however it was arrived at, marriage equality - conscience vote to amend the Marriage Act.
It was where Rudd and Gillard dared not go.
As someone reminded me, why keep calling it SSM - no one ever referred to MFM.
Oooooh, you call it a plebiscite.
I call it a hate-fest to determine what everyone already knew.
The One good thing to come out of it was knowing who the abstainers were.
Didn’t they just abolish the family court this term?