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Who's gonna build them mate?
Seriously. Every man and his dog is crying out for labour, it's probably the only time in the last few decades where there is a genuine labour shortage.
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There is a lot of media about from the usual suspects pushing the barrow for the coalition and the liberal squaddies are picking up those talking points. So yes, if you focus on the Fin Review, Telegraph. Australian, Herald Sun and Courier Mail, then it will be cut n paste disaster.
www.abs.gov.au
There is a lot of media about from the usual suspects pushing the barrow for the coalition and the liberal squaddies are picking up those talking points. So yes, if you focus on the Fin Review, Telegraph. Australian, Herald Sun and Courier Mail, then it will be cut n paste disaster.
There IS other news out there however.
What you might have missed in all the focus on stubborn inflation, and interest rates once again heading higher, is that there is actually quite a lot of good news in the economy at the moment (unless you are an economist — who notoriously always sound like they want it to be worse).
We haven't had a recession — which had been a concern 12 months ago. What's more, the Statement on Monetary Policy — the Reserve Bank's quarterly economic assessment of where things are up to — released on Friday is heralding a stronger economy than had been previously expected. It's hardly a roaring economy — but more resilient than forecasters expected.
Similarly, the labour market has been holding up: absorbing the migrants whose arrival has helped keep the economy ticking over as well as generating enough jobs so that people being financially squeezed can get second jobs to help keep them afloat.
It reads .....
"Inflation in Australia has passed its peak but is still too high and is proving more persistent than expected a few months ago. CPI inflation remains above 5 per cent in year-ended terms – well above the Bank’s inflation target of 2–3 per cent. Underlying inflation is higher than was expected at the time of the August Statement on Monetary Policy. While goods price inflation has continued to moderate largely as expected, the prices of many services are rising briskly. Services price inflation reflects primarily domestically sourced costs for labour and non-labour inputs and demand pressures; services price inflation in many other advanced economies has been slow to decline. Consistent with the signal from inflation, recent indicators of activity also point to growth in the economy having been a bit stronger this year than had been expected.
The economy has been growing below trend this year, as it has slowed in response to high inflation and the cumulative increase in interest rates. In particular, cost-of-living pressures have weighed on people’s real incomes and, consequently, growth in household consumption has been weak. Even so, output growth this year has had a bit more momentum than was expected three months ago, which is partly the result of stronger-than-expected growth in population, as well as more strength in the growth of private and public investment. Business investment and public demand are expected to continue to contribute to output growth in coming quarters, supported by strong population growth, an easing in supply constraints and a large pipeline of projects, including for public infrastructure.
A period of below-trend growth in the economy is helping to achieve a better balance between the level of demand and supply, which will help to reduce inflation further over time. Output growth is expected to remain below trend over 2023 and 2024, but the outlook over the next year has been revised higher compared with three months ago, consistent with lingering demand pressures in the economy. Inflation is expected to decline more gradually than previously forecast. Inflation is forecast to decline to around 3½ per cent by the end of 2024 and to reach a little below 3 per cent at the end of 2025."
As for all this wah wah Albanese stuff, well he got the keys in May 2022. Inflation was trending up and was circa 6% when he moved in. It's now 5 point something and the reserve bank say that it's tracking to be back to 3.5% by end 2024. Yes, wars may change that, but f**k.
Anyway the take away from this is that the squaddies from both sides are full of shit. As as someone famous once said, it's never as bad as they say and probably not as good either.
View attachment 81738
Consumer Price Index, Australia, June Quarter 2024
The Consumer Price Index (CPI) measures household inflation and includes statistics about price change for categories of household expenditure.
Absolutely...
Haha! Nothing changes, mate. I can categorically state that after 50 years of voting it doesn't really matter which party is in power( I have swung both ways, metaphorically speaking. Of course both parties have achieved outcomes for the country over a significant time span, but in reality most merkins are disillusioned with the talking heads, especially these days. Covid really did a number on the trough snouters credibility and I would go as far to say that the public have not recovered from that when considering their best options.
In all honesty, none of these options make me feel refulgent.
Dictionary someone?!
Well someone got something wrong .... whatever merkin updated wikipedia seems to have 18 trips/countries for Albo The Great in the first 12 months ... and another 12 since May this year ... i wonder why the tweeter stopped at 12 months?
f**kin rabbit
Well someone got something wrong .... whatever merkin updated wikipedia seems to have 18 countries for Albo The Great in the first 12 months ... and another 12 since May this year ... i wonder why the tweeter stopped at 12 months?
Maybe wiki has it wrong? Though at least they have a list - i guess someone could check.
So what to believe? A list updated by a random on wikipedia, or a random virtue signaller on twitter?
Yes its fun twisting numbers to try and make people think something you want them to. The tweeter did a good job.
I thought the point was to compare to Tony and Scott to make it look like they did more.
