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Is Australia heading into a recession?
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Hi 👋
The problem is, the few people with money don’t understand that the majority of people – don’t have money, they have debt and the bank’s are not lending anything to more people…
A sudden crunch with no recovery…
Housing is no longer an option for the masses.
Translation: Mr Govt please juice the housing market … again.
With Borders opening and Tourists flying in to Tourist destinations in Australia, since it's been 2 years since most people took an International holiday in Asia, Aussies are gonna have best of Growth in Services sector.
I will believe when I see it.
LIKE 👍 if you would be disappointed 😞 not getting a recession
We are in a depression here in NZ very depressed so long as Ardern is in office.
Why do people know what a receeding hairline is but not a receeding economy?
I thought they changed the definition of recession?
Only when it affects the 1% will it then be a recession
Basically already in a recession, it's just not a technical definition yet. All signs point to stagflation, but they'll lie and make out that the labour market shows there is nothing wrong.
Don’t believe a word that these gaslighting Machiavellian assh*les from banks and governments tell you.
They are all insiders to their own policy decisions largely driven by transferring your wealth to them and their crony mates.
we are heading into a major depression orchestrated by the WEF and the puppets in government
When I finish my Reno's this year my aim for next few years is to pay down mortgages. I think inflation will kick us all for next few years. Job losses are coming for those less skilled. Becoming multi skilled will be the way. Small businesses owners will be the most at risk to loss.
I have already wrote that interest rates should never be below inflation which is atleast 3 times more than what the government says.
amazon yuk…no thanks….no more online bs…..sick of electronics
Your / There Wrong . It will start with a capital 'D' that is for sure.
2015 – 2019: Re-define "Gender"
2020: Re-define "Vaccine"
2022: Re-define "Recession"
2023: Re-define "Energy & Food Shortages"
2024: Re-define "Economic Depression"
What everyone who thinks that interest rates will go back down again once consumer spending tips over is getting wrong, is that they assume we are in a purely "Inflationary" environment. What if… what if, we are in the beginnings of a Stagflation environment, where the value of printed money collapses (inflationary) but the economy continues to tank, causing high unemployment. The worst of all worlds.
China has been stockpiling Aussie resources for twenty five years that I know of. Let me know how that goes.
Gen Y has had 30 yrs of good times.
Now they will start feeling the pain as we did in 1991.
nothing i love more than when people say "it'll never happen" , Australia will be pay heavily for all the excess we've built into property and other segments of our economy.