Heise Says
#AusPOL #Economy #HeiseSays
Australia’s economy is being propped up by billions of stimulus. Will future generations appreciate the burden we placed upon them?
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Australia has become a over priced over borrowed state of China
Educational achievement begins with functional families. There aren't many of those in Australia any more.
The yanks are doing whack a mole on interest rates.inflation is jumping hurdles like an Olympian.Australia is just a smuck in the in the show.
So what’s your answer mate, do nothing?
Easy to be a critic without any positive Imput.
we need is a conservative govt . what we have is globalist vandals on both sides
What happens when the sugar runs out. Here in Cairns today photo in the local paper with tourism types crying about the end of jobkeeper.
I thought John Howard was Australia's worst Treasurer, well he has been beaten by Frydenburg as worst Treasurer and Morrison beats Abbott as worst Pm. They have screwed the hard working backbone of this country and generations to come.
Hi Heise.. If you want to know how we were saved from a similar fate in the past, try finding strategies from Joseph Lyons the forcibly forgotten prime minister. Legend..!!
Right wing. Left wing. Same bird!
Australia's current favourable economic position is purely thanks to this gargantuan stimulus. If that goes away, this 'recovery' will be revealed as merely an illusion..
Interesting to see whether they'll have the nerve to turn off the cash tap.
When will the taps be turned off? Never? Ok, nothing to see here. Back to flipping houses. Houses will double in 7 years.
The only way to fix a $500 billion problem, print $1 trillion……..mark my words.
The irony here is so called conservatives run up massive debt with next government.. the socialists having to pay back…fat chance. Interesting decade ahead for anyone reliant on welfare or government support for survival. Fair bet the unemployed will eat the disabled and aged while those with any independent support will seek refuge in gated communities. Sounds like an episode of walking dead. If your planning on having children..your a heartless sob.
Morrison is weak on covid . He just panders to premiers and panic media headlines . Too weak to lead us and let families and business get back together and have a fair go .
Australia is governed by unconscionable criminals in service to global capital.
Inflation will negate the economic benefit from stimulus & the economy will experience more severe contraction. What a disaster for Australians! And to think citizens are applauding their government for the implementation of such reckless & ill-considered policies. Infection control without lockdown would have balanced economy & health outcomes & IMO is better policy pursued by nations like Japan & Taiwan.
"IN DEBT WE TRUST"
pouring fuel on the fire. asset prices will rocket high for sure.
Currency printing is here to stay until it collapses the value. You will know this when u can no longer buy food ar a reasonable price. The question is what would you accumulate that keeps up and over perform the inflation?
I suspect the enormous debt burden is the reason we are having a Great Reset. The slate gets wiped clean, but we own nothing and there are no more sovereign nations.
The question is not if there are stimulus, but who's benefiting more with they. Here in Mexico, govt has been doing it with a progressive approach giving more stimulus to people who need it more. Also without increasing public debt significantly. The big companies has not been bailed out or tax cutted whatsoever, simply because they can get a loan to survive. I work at a shopping center company which just in october got his IPO. Altough we're having challenging times we can go on by ourselves without asking for papa govt aid. Laissez faire, amigos.
Builders have to get the homes built, good luck with that one. Valuations on land, supply chain problems, and risk-averse lenders. we will see what happens
As long as there is continuous stimulus, Australia doesn't need to bother export anything, nor trade tension with China.
The liberal party is labor on steroids under the new masters of Chinese triad
The day we floated the dollar this country was completely fucked.
500 billion dollar man
I don't see how the pandemic-induced recession improved anything. It brought no structural reforms. The international economic climate hardly inspires confidence. The only certainty ahead is a much greater burden of both public and private debt. Apart from widening social divisions in a bifurcated recovery.
job seeker should be returned to the 250dollars stimulus my rent has gone from 170 per week to 205 per week since covit19 and every thing in the supermarket seems to have risen im 59 with lower back problems that's my world
☕??
Tarric is such a sourpuss!
(jk) ?
Australia's ceiling level of dept was one of the lowest in the world compared to US 15 years ago, or so where every man, woman and child, cat and dog owed $47 000 before they walked out the door. Does that mean we're a big country now!
“NothING” there is no k on the end.
I like to be optimistic but what I see is a total economic meltdown. We depend heavily on borrowing, which has already been monumental. The big guys in the government know that the current financial problem is unfixable. So they let the mass to accept the crisis as a result of covid19 lockdown.
Like every successful monetary reset in the past, they will destroy the economy, create a hyperinflationary depression, introduce CDBC and UBI, implement digital health pass and full digital surveillance, hyperinflate the debt away, reset the currency several times over the period, forgive debts, confiscate all assets.