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Vic roadmap - a road to nowhere, page-29

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1981Landcruiser

3,768 Posts.

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09/09/20

19:15

Post #: 47217010
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Originally posted by Hittman: ↑

It tells us why we are not going to see inflation as a problem. The major economies are under deflationary pressure, not inflationary pressure. It is why governments continue (and fail) to juice the economy.

They throw heaps of stimulus and QE at the market but it never takes hold and gives a sustained inflation boost they seek. Ultra low interest rates and home ownership rates are falling.

The stimulus does not reach the masses.. There is no trickle down. The stimulus goes to the richer among us. Wage growth is negligible and for some with the casualisation of the workforce and attacks on penalty rates they have seen incomes fall. Capacity to borrow is a function of income. One borrows a multiple of their income to buy a house. A percentage of income to buy a new car etc.

If governments gave everyone $1m you would see massive inflation as there would be more money chasing less available goods for the demand that would occur.

Stimulus mainly goes to the top end so you see that money going into stocks, commodity futures and precious metals etc

Ever noticed how all government home buying assistance provided under the banner of making property more affordable does not actually make the property cheaper. It gives a leg up to help support house prices, not make them more affordable.

Years ago if you wanted to buy a new car and were not able to use a mortgage to fund it you'd pay 10% or more for the car loan. Now dealers are offering less than 3% to get you to try and buy a new car yet new car sales were falling prior to Covid 19

Dollar priced inflation is hard to control as the AUD floats on the world market.. Other countries love the dollar and buy it our dollar rises in value, the AUD falls out of favour and those countries sell of our dollar the value of the dollar falls

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Your smarter than me I'm going farming until this sh it is over!!!
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Vic roadmap - a road to nowhere, page-29

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Vic roadmap - a road to nowhere, page-29

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