Is the Aus economy slowly imploding?

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Aug 14, 2011
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No one is scrapping coal and gas exports.

The worst that will happen is a new government will stop subsidising coal and gas. AS THEY SHOULD

Yeh make the farmers pay excise for road use when its used off road THEN call it a subsidy. You've been dudded QB, sucked in by weasel words, by people who know the donkeys are true believers. Its not a bloody religion, engage think!
 

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May 13, 2008
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Yeh make the farmers pay excise for road use when its used off road THEN call it a subsidy. You've been dudded QB, sucked in by weasel words, by people who know the donkeys are true believers. Its not a bloody religion, engage think!

I thought welfare was immoral :(

 
Aug 14, 2011
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I thought welfare was immoral :(


You are not fair dinkum if you, or anyone else, claim the rebate to farmers is a fossil fuel rebate. WHY any sane person would overegg the issue to the point of the ridiculous - its why people question climate change.
You might consider whether your foolish claims are doing anything for a cause close to your heart.
 
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May 13, 2008
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You are not fair dinkum if you, or anyone else, claim the rebate to farmers is a fossil fuel rebate. WHY any sane person would overegg the issue to the point of the ridiculous - its why people question climate change.
You might consider whether your foolish claims are doing anything for a cause close to your heart.

You are one of the most disingenuous posters on this board. You will conflate anything to suit your agenda.
 
Aug 14, 2011
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Interesting take from the Fin Review:

'Australia appears to be headed for a strong economic rebound from the pandemic, despite lockdowns in NSW and Victoria shrinking the national economy in the September quarter and uncertainty about the omicron variant of the COVID-19 virus.
Australia usually outperforms most of the world during international economic crises, including the 1997 Asian financial crisis, the 2008 global financial crisis, and now the pandemic recession.'
........
Our quality public institutions, historically strong fiscal position, independent regulators, robust banks and relatively small size have enabled policymakers and business to deftly navigate times of peril better than most counterparts overseas.

But outside times of crisis, for almost two decades Australia’s federal and state political leaders and an ignorant public have become complacent about the country’s future and less willing to make difficult decisions in the long-term national interest.

Former economic adviser to Bob Hawke, Ross Garnaut, notes in his book, Reset: Restoring Australia after the Great Crash of 2020, that, “Australia has a strong record in developing and applying economic knowledge to public policy at times of economic stress”.'
...
“Between the crises, we do not do so well. We tend to let things drift while they seem to be doing reasonably well.
“Not many people are interested in the things that are not doing so well, and problems accumulate. Then we work it out and put the economy and country on a better course.”
 
Aug 14, 2011
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The supply chain is in trouble when you are rationing beer supplies, aka 'stock challenges':
Beer lovers may have to go without their favourite brew over the holidays as the beloved beverage is being rationed across BWS stores as companies face shortages leading into Christmas.
Brand owner Lion and Carlton and United Breweries (CUB) have issued warnings to customers and stockists in regards to delivery delays and “stock challenges”.

A global pallet shortage affecting grocers, manufacturers and assorted industries has forced Lion to shut down production of some lines as it doesn’t have any timber pallets to transport beer across Australia.


Toss in the additive for diesel fuel AdBlue:

As if empty shelves at Coles etc wont be a problem, garbage collections wont be happening.
 
Dec 18, 2007
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You are not fair dinkum if you, or anyone else, claim the rebate to farmers is a fossil fuel rebate. WHY any sane person would overegg the issue to the point of the ridiculous - its why people question climate change.
You might consider whether your foolish claims are doing anything for a cause close to your heart.

Twiggy Forest says the fuel rebate to farmers and small businesses should stay but the rebate to big business should be scrapped.
 
Aug 14, 2011
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Twiggy Forest says the fuel rebate to farmers and small businesses should stay but the rebate to big business should be scrapped.

Twiggy knows what he is talking about - its not a fossil fuel rebate as promoted by some 'thinktanks' & repeated ad nauseum by some here, unwilling to even try & understand what they are saying.
 
Sep 15, 2007
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As we inch closer to MMT with the Government controlling the Money Supply, in theory they can just spend their way out of and down turn(s) and control inflation via Taxation

The US is doing exactly that
How is the us government controlling inflation with taxation? They arent increasing taxes. Inflation was through the roof when you posted this and even higher now.
 
Sep 15, 2007
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Interesting take from the Fin Review:

'Australia appears to be headed for a strong economic rebound from the pandemic, despite lockdowns in NSW and Victoria shrinking the national economy in the September quarter and uncertainty about the omicron variant of the COVID-19 virus.
Australia usually outperforms most of the world during international economic crises, including the 1997 Asian financial crisis, the 2008 global financial crisis, and now the pandemic recession.'
........
Our quality public institutions, historically strong fiscal position, independent regulators, robust banks and relatively small size have enabled policymakers and business to deftly navigate times of peril better than most counterparts overseas.

But outside times of crisis, for almost two decades Australia’s federal and state political leaders and an ignorant public have become complacent about the country’s future and less willing to make difficult decisions in the long-term national interest.

Former economic adviser to Bob Hawke, Ross Garnaut, notes in his book, Reset: Restoring Australia after the Great Crash of 2020, that, “Australia has a strong record in developing and applying economic knowledge to public policy at times of economic stress”.'
...
“Between the crises, we do not do so well. We tend to let things drift while they seem to be doing reasonably well.
“Not many people are interested in the things that are not doing so well, and problems accumulate. Then we work it out and put the economy and country on a better course.”
Thats a fair analysis. We have become good at dealing with cyclical fluctuation but are terrible at boosting the trend. In the long Run unfortunately the trend is the only thing that matters.
 

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Aug 14, 2011
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Sep 15, 2007
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Aug 14, 2011
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'China Evergrande Group’s battle for survival is intensifying after the world’s most indebted developer was formally declared to be in default.

One of China’s largest-ever debt restructurings is looming, with the Communist Party now in the driving seat. While the state’s intervention has quelled fears of a disorderly collapse that would jolt the world economy, investors who hold Evergrande bonds are wondering how much of their money they’ll see after the dust settles.'

 
Jun 30, 2009
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If they are too expensive in other countries compared to what we could produce here then we wouldn’t need subsidies now would we. Unless ofcourse they are expensive because that’s how much they cost to make.


and no not every car industry in the world gets subsidies. Only the ones who shouldn’t exist. And our car subsidies were ridiculously enormous. It wasn’t like a 5 percent subsidy. They were a national disgrace that made every tax payers life worse off.

we are all better for our sh*t car industry being gone.
Perhaps instead of claiming that there are countries not giving subsides to car makers - you could list one.

we all wait with bated breath.
 
Aug 14, 2011
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Im questioning the effect on the future of china property and construction growth and the impacts that will have on iron ore demand and prices.

Noted Ms Rinehart developing another mine in her own right (not sure where the kids sit, in or out). Mulga Downs has been on the drawing board for nearly 10 years, & will be a few years before exports begin, but I'll back her to get it done.
theres-reason-for-both-pessimism-and-optimism-in-2022/
 
Sep 15, 2007
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Still waiting
I cant remember what i posted. How old is this post?

in any case magnitudes of subsidies differ across countries dramatically. And just cos every other country is doing something thats bad for their economy doesnt mean we should. Its still a big efficiency loss no matter what other countries do. In fact if other countries are all wasting dollars on subsidies for a tradable sector like car making then it gives us an extra trade advantage in other industries.
 
Jun 30, 2009
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I cant remember what i posted. How old is this post?

in any case magnitudes of subsidies differ across countries dramatically. And just cos every other country is doing something thats bad for their economy doesnt mean we should. Its still a big efficiency loss no matter what other countries do. In fact if other countries are all wasting dollars on subsidies for a tradable sector like car making then it gives us an extra trade advantage in other industries.
Ive been asking since august 12 2021

You claimed :
If they are too expensive in other countries compared to what we could produce here then we wouldn’t need subsidies now would we. Unless ofcourse they are expensive because that’s how much they cost to make.


and no not every car industry in the world gets subsidies. Only the ones who shouldn’t exist. And our car subsidies were ridiculously enormous. It wasn’t like a 5 percent subsidy. They were a national disgrace that made every tax payers life worse off.

we are all better for our sh*t car industry being gone.
Not every car industry in the world gets subsides

I asked you to name one country that doesnt.


And furthermore - is it just cars you hate subsidising or are you against it in banking, fossil fuel extraction etc
 
Sep 15, 2007
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Ive been asking since august 12 2021

You claimed :

Not every car industry in the world gets subsides

I asked you to name one country that doesnt.


And furthermore - is it just cars you hate subsidising or are you against it in banking, fossil fuel extraction etc
Im against permanent subsidies everywhere.

you may be right. Cars may be subsidized everywhere. But it doesnt mean we should waste money on it too. If everyone jumps off a cliff should you do it to?

and in any case australia is far less efficient at making cars then asia and germany when you remove subsidies.


ps. Petrol Cars are going to be banned in tge next 10 years. Then its all about electric vehicles.
 
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Jun 30, 2009
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Im against permanent subsidies everywhere.

you may be right. Cars may be subsidized everywhere. But it doesnt mean we should waste money on it too. If everyone jumps off a cliff should you do it to?

and in any case australia is far less efficient at making cars then asia and germany when you remove subsidies.


ps. Petrol Cars are going to be banned in tge next 10 years. Then its all about electric vehicles.
Thailand took over from us and the subsides they give car manufacturers dwarf our subsides 10-1
 
Aug 14, 2011
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Thailand took over from us and the subsides they give car manufacturers dwarf our subsides 10-1

:thumbsu:

"Thailand has set a target to produce 1.2 million electric vehicles a year by 2036. At first, state agencies took the lead, but incentives are making the market increasingly attractive to the private sector."

Thailand wants to promote renewable energy and be at the forefront as the world increasingly makes the switch to cleaner cars.
 

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