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Here comes the recession (Read 4996 times)

Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: Here comes the recession Reply #30 - Oct 7^th, 2019 at 4:06pm When interest rates approach zero, the RBA must rethink monetary policy
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Valkie

Gold Member

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Australian Politics

Posts: 16274
Central Coast
Gender: male

Re: Here comes the recession
Reply #31 - Oct 7^th, 2019 at 5:46pm

Bam wrote on Oct 7^th, 2019 at 4:06pm:

When interest rates approach zero, the RBA must rethink monetary policy

They are too stupid to rethink.

Besides, the banks are loving it
They get money for less than 1% and sell it for 5% or even 25% for some services.

And they give nearly zero interest on any savings, but never fail to charge fees.

The banks are raking in cash,
And giving the senior public servants and politicians a small gratuity to keep up the work.

WE NEED A REVOLUTION

I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU

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UnSubRocky Gold Member Offline Crocodile Hunter: Origins Posts: 25212 Rockhampton Gender:	Re: Here comes the recession Reply #32 - Oct 7^th, 2019 at 11:17pm If I had to buy a house at the cost of near half a million dollars, I would probably not be spending much on other things, either. The banks need to learn how to not be so greedy. And housing costs are not going to be helped by an increasingly casualised workforce.
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Valkie Gold Member Offline Australian Politics Posts: 16274 Central Coast Gender:	Re: Here comes the recession Reply #33 - Oct 8^th, 2019 at 4:17am Housing in Australia is overpriced to a ridiculous degree. Compare percentage of income in other countries like the USA or England. WE pay far too much for sub standard housing But with the banks in the pollies back pockets. It will never change.
Back to top	I HAVE A DREAM A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM. A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM. SUCH A WONDERFUL DREAM O HOW I WISH IT WERE TRU IP Logged

Bam Gold Member Offline Australian Politics Posts: 21905 Gender:	Re: Here comes the recession Reply #34 - Mar 18^th, 2020 at 3:47pm Some of the predictions in this thread have not aged well.
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Jasin Gold Member Offline Posts: 56770 Gender:	Re: Here comes the recession Reply #35 - Apr 16^th, 2024 at 8:04pm What Recession? It's been a Great Inflation (unlike the Great Depression) where there's heaps of work, but people need x3 jobs to afford anything.
Back to top	AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY. IP Logged

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