"Every time you slink off in a debate I know you are WRONG and caught out."
You and farmboy assume too much CW. Here is a quick response on your off beat analysis of KPI’s that the WORLD use, not just the ALP. You really have some tickets on yourself.
4.3% growth at least 3% debt funded - once you count the double spending in the way GDP is calculated. We have to pay it back (not considered) and so it is false and a major liability not a benefit.
Double spending ROFL. Another world wide conspiracy theory of yours?
1.2% inflation a bad sign of no demand and over supply. A twisted figure that uses overseas travel and lap tops falling because of a high Aussie Dollar when food and rent still rising.
It's the tradables inflation figure that has dropped significantly as a result of the higher AUD. It takes the heat out of the domestic economy which causes high DOMESTIC interest rates. This is the way it works in macro economics CW. The domestic inflation is still running high (although starting to lower now thanks to the higher interest rates and higher AUD) This will stop us having the mother of all busts like what we have had in every other massive rise in our terms of trade. Time to educate yourself on the workings of the floating dollar and DOMESTIC interest rates in place for DOMESTIC demand and supply issues. We are now starting to see the domestic inflation move a bit lower and the tradables inflation rise from it's lows. All as planned so that we don't go from boom to bust like we always have prior to the central bank targeting inflation.
Your new macro economic theory of reducing interest rates (irrespective of domestic conditions) which in turn reduces the AUD just sets us up for a further round of interest rate RISES because DOMESTIC conditions (5.2% unemployment) can not cope with the extra demand.
5.2% unemployment a factor of mining boom now slowing (nothing to do with ALP that actually helps to slow our boom to our detriment), loaded with government service jobs added by ALP (debt funded, not productive) and loaded with higher low hour underemployed workers and low paid jobs.
Reallocation of scarce resources from the non efficient sectors (read retail and low end manufacturing) of the economy to the efficient sectors of which mining is ONE (yet only employs 2% of the workforce). It is very useful to show what % of people CANNOT get a job of some sort. Ignore it at your peril as it is very important for a central bank targeting inflation as any increase in DOMESTIC interest rates over the demand supply equilibrium will cause a material rise in unemployment (NOT SEEN YET). This helps to validate the DOMESTIC interest rate settings. Yes some move to lower paid jobs or lower hours etc but it is the unemployment rate, not the "what job and pay do you want" rate. You confuse the KPI with other less important factors. K is for KEY. If people want a higher paying job, get off your backside and go get one. If you only have 1 hours work, go get another and keep going 'till you have enough to satisfy you.
3.5% OCR has little to do with ALP, and should be lower if not for the over spending on short term effect stimulus has on GDP by idiot ALP (see 4.3% GDP lie above). Interest rates are converging towards zero in developed economies not a good sign but a bad one and yet the market illiterates claim this is a good statistic.
Have told you a hundred times before but will do it again just for you, the ALP government chose jobs ahead of your precious lower OCR of 0%. While you can easily ignore the effects of hundreds of thousands of job losses, the government governs for us all and chose jobs, dignity and a functioning economy. The OCR is due to the current government (fiscal) and the RBA (monetary) policies. The fiscal spending during the GFC was specifically targeted at the areas that needed it to prop up demand when the private demand just stopped. The stimulus smooths demand and the economy which is why we still have a functioning economy with reasonable interest rates and low unemployment while other parts of the developed word are struggling with all of their KPI's.
AAA rated bonds - the Rating Agencies had the toxic CDO's rated AAA up until they collapsed so this means jack. This was created in part by clean balance sheet now dirty and getting worse at a global record rate, and by demand from China et al. Nothing to do with ALP except GDP lie see above once again.
See above on the coordinated fiscal and monetary policy used to smooth the volatility and provide a functioning stable economy that the world now sees as a safe haven. That is, all the world except Country Writer and his band of merry doomsayers.
Record investment a lag over from long cycle mining projects and a factor of our geography not supported by idiot ALP at all. Private investment now starting to tail off with mining investment and right as idiot ALP introduce disincentives like the MRRT and CT.
200 Billion committed in the last 12 months. While not the opportune time for the MRRT to start, it must be done to share the benefits of the mining boom as we are already sharing the problems of the mining boom with higher interest rates and higher AUD. The mining industry cannot have it all to the detriment of our economy as we saw during the GFC when the mining industry just stopped dead. Took it's collective bat and ball and went home. The whole idea of the original RSPT was to enable the reduction in Company Tax to 25% to enable our businesses to compete with courtiers with cheaper production costs. Another policy the Libs and Greens wrecked. Reap what you sow and stop complaining.
ALP IS MISMANAGING THE ECONOMY AND AUSSIES KNOW THAT - JUST HARD TO MEASURE UNLESS YOU REALLY UNDERSTAND HOW IT WORKS.
Understand how it works. ROFL. You may understand some banking jargon but it seems you have no idea when it comes to macro economics and accounting as is now evident in this thread.
I encourage sensible posters in Hot Copper to cut and paste this answer and post it every time you see Yeldub post his KPI's - just to introduce truth about the numbers for new readers.
Go for it. I see you have zonetrader on your "side". Lucky you ROFL
