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Post by SA Hunter on May 19, 2022 21:09:08 GMT 10
An interesting recent trend is that many people are getting exactly what they wanted. Landlords are apparantly all evil billionaires sucking the country dry via negative gearing and preventing anyone else from buying a home. Well, in 2022 landlords were selling properties at twice the rate they are buying them. The result? Skyrocketting rents and dozens of applications for most rental properties. The only exception was in areas that had previously been dominated by international students and backpackers...pretty meaningless for most families. Yes, we were given 14 days notice our landlord is putting our rental on the market. Now we wait, and good luck finding a suitable residence that meets our needs!
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spatial
Senior Member
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Post by spatial on May 21, 2022 10:26:36 GMT 10
Global financial markets are still struggling to get traction.
Supply chain issues in the US are now biting hard. The guy that did the scoring on Doomsday Preppers shared some of his subscribers info on supply chain disasters. Like a Wall Mart Distribution centre that used to receive 200 trucks a day now down to 28 trucks a day, hospitals out of some critical supplies. The whole global system is about to implode.
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Beno
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Post by Beno on May 21, 2022 13:47:24 GMT 10
I don't see the issue about walmart not getting more trucks in. If we are buying less cheap chinese throwaway crap then that is a good thing. People are bunkering down and spending less because the penny has dropped for many that they just don't need all this stuff.
The lockdowns appear to have ripped the teat away from the braindead consumers since they could not get to the shops. Call it consumer rehab if you will.
The big issue i see is a massive to be redundant workforce that is replaced with machines, software and slave labour. The consumptive economy is on the edge but where to from here?
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malewithatail
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Location: Northern Rivers NSW
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Post by malewithatail on May 21, 2022 14:13:52 GMT 10
Unfortunately, a lot of usual products only are made in China and there are no replacements. Check carefully when you buy honey for instance, quite a bit comes from China and is just bees fed sugar water solution. Only buy from a reputable, local producer.
A lot of spares for the electric distribution networks (transformers etc), also come from China, so a major breakdown will cause extended blackouts. The way we have drifted from Made in Australia is frightening, and now its catching up with us.
The cheapest price is not necessarily the best.
91 octane petrol at the Shell in town today was 1.919/liter. Chewed up $100 just to 3/4 fill the car.
You know you own an old tractor when.....When out driving with your wife she is continually saying "want me to drive" as you are spending more time looking at old farms than the road.
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spatial
Senior Member
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Post by spatial on May 21, 2022 18:10:10 GMT 10
I don't see the issue about walmart not getting more trucks in. If we are buying less cheap chinese throwaway crap then that is a good thing. People are bunkering down and spending less because the penny has dropped for many that they just don't need all this stuff. The lockdowns appear to have ripped the teat away from the braindead consumers since they could not get to the shops. Call it consumer rehab if you will. The big issue i see is a massive to be redundant workforce that is replaced with machines, software and slave labour. The consumptive economy is on the edge but where to from here? The truck delivering to Wall Mart are manufactured goods. It has little to do with consumer spending. Many builders, hospitals, engineering works are out of stock to fill orders, machinery and farm equipment are standing still due to lack of spare parts. Many of the raw products/chemicals to manufacture pharmaceuticals comes from India and China. When doctors cant preform surgery or you cant get prescriptions meds. It is going to hurt. Builders in Australia have fixed contracts to delver and now are going broke and the persons who entered the contract with the builder are also loosing out as building materials become scares with high prices. Fertilizer and fuel prices are sky high, faming costs going up up up::: it is going to create much pain for Australian Consumers. This is how SHIT events start. In 2008 the GFC (global financial Crash) was only a US housing issue but had global repercussions. The US housing market is crashing with everything else. It is the everything crash or the everything bubble that is bursting.
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Post by Joey on May 22, 2022 10:11:37 GMT 10
A lot of spares for the electric distribution networks (transformers etc), also come from China, so a major breakdown will cause extended blackouts. The way we have drifted from Made in Australia is frightening, and now its catching up with us.You can thank Labor under Gough Whitlam for that when he signed us up to the 1975 UN Lima Declaration that killed off our vast manufacturing sector sending it to China, which at the time (and still is somehow) a third world country.
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Post by Stealth on May 22, 2022 13:36:41 GMT 10
It seems the writing is on the wall now for the economy. The important thing for us is managing a plan throughout. Some people came through the GFC with nary a sniffle thanks to intelligent planning or being purely lucky!
As hubby and I were living hand to mouth during the GFC I have a significant level of anxiety about what happens in the next crash and having some form of plan for getting through is vital for everyone at this point. Going through that makes it a lot easier to see the pain points and know what we might need to do to give ourselves the best chance of not living for five years freaking out about how we're going to pay bills!
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Post by Joey on May 22, 2022 17:27:16 GMT 10
It seems the writing is on the wall now for the economy. The important thing for us is managing a plan throughout. Some people came through the GFC with nary a sniffle thanks to intelligent planning or being purely lucky! As hubby and I were living hand to mouth during the GFC I have a significant level of anxiety about what happens in the next crash and having some form of plan for getting through is vital for everyone at this point. Going through that makes it a lot easier to see the pain points and know what we might need to do to give ourselves the best chance of not living for five years freaking out about how we're going to pay bills! The new labor gov will want to tread lightly with their new budget as most know the world is on tipping point for a potential major crash, and china's musings isn't helping anything at all. I'm seeing them go after the big resource companies again with another resource tax which killed a heap of jobs in the sector under Gillard before it was removed.
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tactile
Senior Member
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Post by tactile on May 22, 2022 18:29:26 GMT 10
...how to win friends and influence people...
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bug
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Post by bug on May 23, 2022 9:21:18 GMT 10
It seems the writing is on the wall now for the economy. The important thing for us is managing a plan throughout. Some people came through the GFC with nary a sniffle thanks to intelligent planning or being purely lucky! As hubby and I were living hand to mouth during the GFC I have a significant level of anxiety about what happens in the next crash and having some form of plan for getting through is vital for everyone at this point. Going through that makes it a lot easier to see the pain points and know what we might need to do to give ourselves the best chance of not living for five years freaking out about how we're going to pay bills! The new labor gov will want to tread lightly with their new budget as most know the world is on tipping point for a potential major crash, and china's musings isn't helping anything at all. I'm seeing them go after the big resource companies again with another resource tax which killed a heap of jobs in the sector under Gillard before it was removed. If the ALP are politically savvy, they'll tax the crap out of coal. Hope they don't touch the miners who are feeding into renewables. Lithium, Cobalt, rare earths etc.
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