Jovial Monk
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mariacostel wrote on Sep 29 th, 2015 at 7:42pm: Jovial Monk wrote on Sep 29 th, 2015 at 7:17pm: mariacostel wrote on Sep 29 th, 2015 at 5:50pm: Jovial Monk wrote on Sep 29 th, 2015 at 1:56pm: 2001–7 was much more a real estate boom. Increase the mortgage, spend the money, house values increased, borrow and spend some more. The more onic Howard & Costello ploughed the boom time revenue back into the boom, building the tax cuts and wealthfare into the Budget. Came the GFC, housing boom bust, household sector highly indebted, credit card and mortgage both.
Labor protected the economy from recession, under Gillard were reducing the wealthfare, libs undid some of those moves and tried to make the poor, the old, the sick and students make up the deficit caused by the now–unaffordable tax cuts and wealthfare. Now they want to increase the GST. Bet those on lower incomes once again do not get enough compensation and demand will drop a bit more, recession get a bit deeper! I would struggle to find a less credible commentator than you. What you write is almost entirely 100% fiction all the time. What you mean is, what I write is the truth and you can’t refute it, hell, you can hardly comprehend it. You may not have noticed it, but when you post your drivel the only responses you get are mocking ones. Even those on your side of the ideological fence have the sense to ignore you. No, nearly everybody laughs at you. Re what I said about the 2001–7 boom—have a look at debt levels in those boom years. Why do you think confidence is low and fragile? Debt levels. People are paying of debt as fast as they can, JohnSmith (the property manager one) talking about people being three years ahead on repayments. Re confidence, Morgan confidence survey showed: Quote:ANZ-Roy Morgan Consumer Confidence falls to 110.6 (down 3.9pts) after Turnbull 'bounce' http://www.roymorgan.com/findings/6470-anz-roy-morgan-consumer-confidence-septem...I get the Roy Morgan emails along with ZDNet, ITNews, ITWire etc.
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