Australia's largest stock trading and investment forum Australia's #1 stock forum

Oi fuzzy nuts, baby boomers were in to manufactuting stuff

First 7 Last

Share
Profile

Follow
Bunn-Wackett

28,278 Posts.

1537

08/03/20

08:00

Post #: 43364218
Share

Originally posted by fugazied: ↑

The housing bubble is one of the reasons why the Australian economy has been hollowed out. Fuelled by a mountain of debt, it is a house of cards ready to trigger an extended recession that will devastate many.

The government has done nothing to address the problem. In fact, they are squeezing it for every drop of revenue. Bad taxes, bad planning, short-sighted politicians etc. Australia has very poor leadership.

Imagine if just 10% of the investment in property had gone into small businesses? How much stronger would the economy be. Trading stagnant assets at inflated prices helps very few and creates a lot of illusory wealth. The baby boomers did well out of it though, so that's all that matters.

Expand

Oi fuzzy nuts, baby boomers were in to manufactuting stuff
1 Upvote

Reply

Top Stories

TMG

Trigg up +10% on antimony target boost; fieldwork kicks off

AHN

Athena, Fenix, and Warradarge come together for Mid West Green Iron triumvirate

S32

South32 flags higher Mozal costs as site's electricity supply remains 'uncertain'

AII

Inside the depths of Panasqueira: A legacy carved in rock

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

First 7 Last

SPONSORED BY