Australian Politics Forum - Wallets staying slammed shut

Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Wallets staying slammed shut Feb 6^th, 2018 at 11:43am http://www.news.com.au/finance/business/breaking-news/retail-spending-fell-05-in... Negative wage growth, penalty rate cuts and a government that inspires zero confidence , these are the cold hard facts under libtards
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lee Gold Member Offline Australian Politics Posts: 21737 Gender:	Re: Wallets staying slammed shut Reply #1 - Feb 6^th, 2018 at 1:12pm People didn't overspend on their credit cards for Christmas? Sounds like good news to me. $26 billion doesn't sound like "slammed shut".
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Redmond Neck Gold Member Offline OzPolitic Posts: 24111 ACT Gender:	Re: Wallets staying slammed shut Reply #2 - Feb 6^th, 2018 at 1:15pm What trickle-down not happening?
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miketrees Gold Member Offline Australian Politics Posts: 6492 Gender:	Re: Wallets staying slammed shut Reply #3 - Feb 6^th, 2018 at 2:06pm Everyone is worried there may be a labor win at the next election. Hide your cash under the bed
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macman Gold Member Offline Australian Politics Posts: 2435 australia Gender:	Re: Wallets staying slammed shut Reply #4 - Feb 7^th, 2018 at 6:01am miketrees wrote on Feb 6^th, 2018 at 2:06pm: Everyone is worried there may be a labor win at the next election. Hide your cash under the bed Hide what cash? After 4 years of this pack of losers who's got any.
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crocodile Gold Member Offline Australian Politics Posts: 6686 Gender:	Re: Wallets staying slammed shut Reply #5 - Feb 7^th, 2018 at 6:58am miketrees wrote on Feb 6^th, 2018 at 2:06pm: Everyone is worried there may be a labor win at the next election. Hide your cash under the bed Don't do that. That's where all the reds are.
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juliar

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Re: Wallets staying slammed shut
Reply #6 - Feb 7^th, 2018 at 6:58am

Well Lefties you shouldn't have squandered your WELFARE.

There are more jobs now than you can poke a stick at and there are now actual job vacancies which make Lefties shy away in fear as they consider work to be dirty and above them.

As competition for staff begins then the supply and demand effect will kick in and employers will offer more just to get empoyees and so the wage will increase.

THIS is the trickle down effect about which the Lefties are just SO ignorant. Then when did LW ever know anything about anything as he just wants attention.

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RightSaidFred

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Re: Wallets staying slammed shut
Reply #7 - Feb 7^th, 2018 at 11:56am

Its time wrote on Feb 6^th, 2018 at 11:43am:

http://www.news.com.au/finance/business/breaking-news/retail-spending-fell-05-in...

Negative wage growth, penalty rate cuts and a government that inspires zero confidence , these are the cold hard facts under libtards

So what penalty rates were cut ?
Sounds like you typical ramblings there were changes brought in not by the government !
Wages not moving is a good and bad thing so don't see any facts at all but then you look who posted this rubbish then it all makes sense !

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RightSaidFred

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Re: Wallets staying slammed shut
Reply #8 - Feb 7^th, 2018 at 12:00pm

macman wrote on Feb 7^th, 2018 at 6:01am:

miketrees wrote on Feb 6^th, 2018 at 2:06pm:

Everyone is worried there may be a labor win at the next election.

Hide your cash under the bed

Hide what cash? After 4 years of this pack of losers who's got any. Grin

Actually I do, also I looked at my latest super balance best performance I have seen in a very long time.
Not to sure about the next maybe the stock market corrections may impact the next.
Also in my area house prices went up 21.8% the highest in Sydney.

Wife bought a brand New BMW 2.5 years ago (upgraded her old one) and we are looking to do 75K of overdue reno's on the house.

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greggerypeccary

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Re: Wallets staying slammed shut
Reply #9 - Feb 7^th, 2018 at 12:03pm

RightSaidFred wrote on Feb 7^th, 2018 at 11:56am:

Its time wrote on Feb 6^th, 2018 at 11:43am:

http://www.news.com.au/finance/business/breaking-news/retail-spending-fell-05-in...

Negative wage growth, penalty rate cuts and a government that inspires zero confidence , these are the cold hard facts under libtards

So what penalty rates were cut ?

Sounds like you typical ramblings there were changes brought in not by the government !
Wages not moving is a good and bad thing so don't see any facts at all but then you look who posted this rubbish then it all makes sense !

Penalty rates changes 2017

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GOP = Guardians Of Paedophiles

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Gordon

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Re: Wallets staying slammed shut
Reply #10 - Feb 7^th, 2018 at 12:03pm

RightSaidFred wrote on Feb 7^th, 2018 at 12:00pm:

macman wrote on Feb 7^th, 2018 at 6:01am:

miketrees wrote on Feb 6^th, 2018 at 2:06pm:

Everyone is worried there may be a labor win at the next election.

Hide your cash under the bed

Hide what cash? After 4 years of this pack of losers who's got any. Grin

Actually I do, also I looked at my latest super balance best performance I have seen in a very long time.
Not to sure about the next maybe the stock market corrections may impact the next.
Also in my area house prices went up 21.8% the highest in Sydney.

Wife bought a brand New BMW 2.5 years ago (upgraded her old one) and we are looking to do 75K of overdue reno's on the house.

Eastern Subs is awash with money. Personally I'm hoping interest rates go up a bit and trigger a few sales of people who've over extended.

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IBI

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RightSaidFred

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Re: Wallets staying slammed shut
Reply #11 - Feb 7^th, 2018 at 12:06pm

juliar wrote on Feb 7^th, 2018 at 6:58am:

Well Lefties you shouldn't have squandered your WELFARE.

There are more jobs now than you can poke a stick at and there are now actual job vacancies which make Lefties shy away in fear as they consider work to be dirty and above them.

As competition for staff begins then the supply and demand effect will kick in and employers will offer more just to get empoyees and so the wage will increase.

THIS is the trickle down effect about which the Lefties are just SO ignorant. Then when did LW ever know anything about anything as he just wants attention.

It may be regional WA seems to be suffering but in NSW big orders of concrete can be subject to a 6-8 week lead time....... tradies (especially sparkies) are in high demand as well as white-collar project manager roles in the civil eng space .... some suburbs in Sydney have less that 2% unemployment, most economic experts say 3% is full employment.

I do find it a mystery why this has not translated into wages growth but time will tell.

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juliar

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Re: Wallets staying slammed shut
Reply #12 - Feb 7^th, 2018 at 12:13pm

RSF,

the reality is wages are still propped up by the previous competition for employees years ago and don't reflect the actual productivity of the employees.

See wages almost NEVER drop because the union parasites would go berserk.

But now as competition for staff hots up eventually employers will offer more money just to win good productive employees.

This is the trickle down effect that leaves the Welfare Dependent Lefties totally confused as they do not participate in the job market.

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RightSaidFred

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Re: Wallets staying slammed shut
Reply #13 - Feb 7^th, 2018 at 12:14pm

Gordon wrote on Feb 7^th, 2018 at 12:03pm:

RightSaidFred wrote on Feb 7^th, 2018 at 12:00pm:

macman wrote on Feb 7^th, 2018 at 6:01am:

miketrees wrote on Feb 6^th, 2018 at 2:06pm:

Everyone is worried there may be a labor win at the next election.

Hide your cash under the bed

Hide what cash? After 4 years of this pack of losers who's got any. Grin

Actually I do, also I looked at my latest super balance best performance I have seen in a very long time.
Not to sure about the next maybe the stock market corrections may impact the next.
Also in my area house prices went up 21.8% the highest in Sydney.

Wife bought a brand New BMW 2.5 years ago (upgraded her old one) and we are looking to do 75K of overdue reno's on the house.

Eastern Subs is awash with money. Personally I'm hoping interest rates go up a bit and trigger a few sales of people who've over extended.

Not sure what you are hoping for in the long term house prices double about every decade which is about 5-10% growth and that is pretty consistent through high and low interest rate periods. Given how low they are and its the foreign markets that keep them low, it will be a long time before we see any real impact of interest rate hikes. Given we just saw a huge correction in the stock market I think the rates will be on hold for a while.

I agree some fall out of the tree when rates are high, we tend to buy when rates are high as we did with our current property...... we bought from a guy 2 weeks away from bankruptcy, he needed a quick sale which we arranged via a property developer and his bank contacts ..... bought the place for 100k below market value.

I think the foolish people (as you pointed out) buy and over extend when rates are low.
When rates are low a rule I apply is can you pay the mortgage if interest rates double ? Often properties are overvalued during low interest rate periods but if you sell when they are high your a fool !

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RightSaidFred

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Re: Wallets staying slammed shut
Reply #14 - Feb 7^th, 2018 at 12:20pm

juliar wrote on Feb 7^th, 2018 at 12:13pm:

RSF,

the reality is wages are still propped up by the previous competition for employees years ago and don't reflect the actual productivity of the employees.

See wages almost NEVER drop because the union parasites would go berserk.

But now as competition for staff hots up eventually employers will offer more money just to win good productive employees.

This is the trickle down effect that leaves the Welfare Dependent Lefties totally confused as they do not participate in the job market.

My guess is that is part of it, the other part is many professions are transitioning in one way or another (guess).

As I keep pointing out is economics is a complex many headed beast that is hard to predict.

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