Is there anything interesting in this shit at all? All I saw so far was the extended range of payments to single parents (read: mothers), so the typical reward the biggest fuck ups policy yet again, in line with the increase in the Jobseeker rate to over 55s.. Other than that, there’s probably nothing in there of much interest.
Mates, pensioners, single mothers and disabled people are the only beneficiaries of every budget
Even tax cuts just restore the status quo after bracket creep
You’re either in the 5 million welfare dependent households or you’re funding them
i never bothered to look into it but whatever happened with all that NDIS crap? a few years ago it was being heralded as the solution to all our disability problems but it seems to have turned into another preposterous rort that never helped anyone except providers. basically the jobactivisation of the disability sector.
It’s a government welfare program. Of course it’s a preposterous rort to benefit the big end of town at the expense of the people. That’s what welfare programs are designed to do.
They probably have to help single mothers now. Otherwise they’d be on the street because of the rent increases.
Yeah, people who earn say $100k-$200k (and can’t do tradie cashies) are the biggest patsies, and don’t get much respect either.
NDIS is Bill Shorten’s continual fuckup that no one seems to care about the $40 billion cost blow out, are they all just glad he didn’t make PM?
You can literally get cash to get a blowjob on the NDIS, and even have a ‘cater’ drive you and wait outside while you’re in the brothel.
Those carers are too busy to help genuinely disabled kids, whose parents have to fight for Specialists funding.
Awesome job Albo & Bill.
is it true some NDIS workers will pretend to be the friends of disability ppl and hang out with them or some shit, the whole thing sounds so fucking weird lol
Under the NDIS one can get funding for support workers, which is similar to previous services that were provided by community not-for-profits.
For the role one needs a Cert III, hourly rate about $30/hr. But under the NDIS, the rate has doubled and travelling time also gets included in the costing -so you now hear about patients charged $180 for an hour of support plus 1 hour of travel each way.
yeah, that sounds about right… judging by the huge fucking billboards and advertising airtime that the NDIS providers pay for to push their services, the top line would be very solid.
enough to actually sling the staff another $15-$20 per hour & rake off about $100per hour as gross profit.
I know a guy who converts apartments to NDIS compatible – I guess hand rails in the bathrooms etc
then rents them out at exorbitant above market rents to “disableds”
all paid for by the taxpayer
he posts a lot of photos of his expensive watches to Instagram
dresses in fancy clothes
married a much younger wife
he’s a wog
genius, combining implicit government support (propadee) with explicit government transfers (NDIS)!
Absolute EZFKA legend!
I know someone that takes a NDIS person one night a week for “respite”. They get $1000 a night plus expenses paid i.e. going to dinner, getting their nails done.
$1000 a night every week for a fucking sleep over!
what the fk is this program, some sort of Make A Wish foundation for people with mild mental illnesses/disabilities/personality disorders or what
holy shit
Crazy – it is cheaper to get 24 hour respite nursing care at a private hospital.
Largest rort I’ve heard of is an NDIS care coordinator renting out rooms in their house for $2000 a week to their clients. Complete boundary violations.
I know someone that takes a NDIS person one night a week for “respite”. They get $1000 a night plus expenses paid i.e. going to dinner, getting their nails done.
lol. soon we can import Filipinas to do this – $70k “dayjob” plus $1,000 per night for sleepovers
are prostitutes covered by NDIS?
They certainly should be
and incels should be eligible (under “autism” umbrella)
https://planpartners.com.au/knowledge/articles/ndis-sex-therapy-family-planning#
https://amp.theguardian.com/australia-news/2020/may/12/ndis-funds-pay-sex-workers-court-rules
lololol you fucking wat m8
yes whores are covered by the ndis
Should have known that would be one of the first pieces of legislation shorten pushed through
Most single mothers I’ve encountered are leavers of abusive relationships or failed marriages, with useless, feckless partners.
Only a minority of them are single mothers purposely by design and deliberate intent. Being decent to the unfortunate and often immature Australians trying to do the right thing and fix their lives comes with the knowledge that it will always be abused by a minority.
I personally think 8 yrs is too soon to kick them off welfare, while 14 years is too generous. A mother’s welfare should end when their child leaves primary school. Simple.
I’d agree with this. There is certainly a segment of single mothers closely distributed around the “uneducated dropkick” node.
but also many, many more, distributed around the “fell in love with a dickhead” node, who are stuck with a child and genuinely trying to do what’s best for them and the kid
Lolol pumped and dumped by a chad = fell in love
choices
consequences
when you get a letter from a lawyer that says we gunna fluck you, then bring in junior partners to pluck you then apprentices and interims to phuk you, thereafter we bring in the receptionists, cleaners and delivery people to fluck you “unless you…”, it is hardly going to make any party willing to cooperate to a mutual benefit let alone see it as a child welfare. It’s a declaration ofbwar and the only winners are lawyers and barriaters.
I’ve seen one letter like that. Combine it with the system whuch is wickedly tilted into phucking the father in almost every case and…
~~~~~~~
why?
why do people do that?
people don’t change their character overnight.
Alpha fucks, beta bucks
14 is the age that children are allowed to start part time work I think.
Lmao I love the picture
these cunts just love to give away money
no recognition that govt surplus/deficit is the biggest driver of inflation rates, not monetary policy
also policy markedly affects inflation and wages
who needs to work when albo will give you a free govt house and the dole for everybody
just pump out one kid and you can bludge for 14 years
the middle class will cease to exist soon
Why didn’t you refuse the jab and go on the dole in a free government house
.
because i make too much money to justify doing that
you wouldnt get a house mate
yes its a question of escape velocity of income
at what point are you better off just bludging
probably 100k/pa ?
especially if youre abo or female
80k maybe too high
time invested and loss of freedom in working below about 60k is absolutely not worth it compared to the comparative advantages of LDAR
it’s very multivariable though
like, what payment are u going to get
DSP? yeah definitely not worth it if you can somehow get autismbux but there’s almost no chance of that anymore
carers payment i.e what a lot of these fuck-up women + public housing + other perk payments welfare is definitely the way to go
vanilla jobseeker for a non over-55 loser is not a glamorous life at all especially since youre unlikely to qualify or get public housing with just that, and you’re liable to be kicked off it soon enough
It’s been years I’ve had a long break and one week off since COVID started.
I wouldn’t mind just going on the dole for a year, doing some travelling every couple of months, instead of travelling for 6 months and burning through cash.
My mortgage is paid off, I have no debt, plenty of savings/stocks. I’d have to sit out a liquid asset waiting period of course. If I had to work for the dole I’d just cancel it. I’ve got a few hundred bucks of side income as well, I can top it up by a couple hundred dollars per week from the dole. This would would be over $500 per week by my calculations which would cover my normal weekly expenses. Basically I could tread water for 12 months and not go backwards financially.
It’s probably not worth the effort after the waiting period I’d only get $7k in a 12 month period, but something about it is alluring to take and navigating the system as a LARPing dole bludger.
I should say over $500 per week if my income test calculations for the dole are correct. Basically get topped up and the job search requirements are less rigorous. They’ll kind of leave you alone if what I read is correct.
I wouldn’t mind just going on the dole for a year, doing some travelling every couple of months, instead of travelling for 6 months and burning through cash.
you cant unless you’re maybe over 55
you will get kicked off, if you dont check in with your JSP every two weeks and do exactly what they tell you to do the payment is insta cut
for a lot of oldies though jobseeker is a cruise payment until you’re eligible for pension, it’s basically intermissionbux for bludgers
you could have a kid with a druggie, try to get sole custody
then you and the kid can just go travelling for 14 years on $922/fortnight
maybe do some cashies or collect cans on the side
probably get a government house too
Looks like Jimmy might be offering an extra $20 per week all dole bludgers, so I could have that number closer to $1100 per fortnight than $1000.
The requirements are just fake job searches right? I’ve got a side income too. The job providers want no hoper bludgers who haven’t worked for years because then they can get the subsidies for putting them in a job. They wouldn’t get anything for giving me work if I understand the system.
it depends. often it starts out with fake job searches and check ins with the JSP (which keeps you going anywhere) but eventually it builds up to demeaning seminars, useless TAFE courses and, the seventh layer of jobseeker hell, work for the dole. if you’re over a certain age you may be able to avoid it but otherwise you’ll be heading on this trajectory.
I’d only be a LARPing bludger. I’d just cancel it if they made me do a course to get it. A demeaning seminar might be interesting though just to see what it is all about.
a lot of long term dole recipients are working on the side. i know a guy who mows lawns for like $1200 a week, also collects cans on a trailer bike but otherwise he is triple dipping jobseeker.
That’s probably the way to go.
The best you can get is a 3 month medical exemption from mutual obligations. After doing it twice, it may possibly be extended for another 3 months with specialist evidence. Usually at that time there will be a generic recommendation that one should instead apply for the DSP even though they likely know it will be knocked back.
There’s nothing more pathetic than having mental illness or using it as an excuse, so couldn’t go down that route.
One thing I’ve seen is a trend with patients claiming ADHD or high functioning autism as a reason to never work, yet have several patients with severe mental illness (eg. Psychosis, bipolar) who have recognized that there’s value, self-worth and positive mental health implications in being able to work and contribute to society.
That is because a lot of banks and insurance contracts wrote stupidly generous insurance policies that gave you 80% of your average salary over any consecutive two year period of your working life, that you are free to select.
Frankly it is tempting, go on permanent disability for $180k a year indexed and never have to attend another meeting that starts with a ‘Welcome to Country Statement’ while parasiting off the same industry that has bled my nation dry…. all the evidence I’d need would be to point them to this site.
What about people that are 1/16th or 1/32nd aboriginal and claiming all that gravy train
Fully legit?
Where I do sign up?
Interesting – had thought that Work for the Dole was only reserved for those who couldn’t do any of the other activities. Can remember reading about an AUWU person who wanted money for doing SFA, outright refused everything and ended up on the scheme.
it’s possible i dont know how it works entirely but a lot of people seem to be impressed into it whether it’s optional or not.
AUWU are the biggest losers out there, their objective is no strings attached limitless welfare that pays a mid-sized salary basically. scratch the surface of their agenda and that is the name of the game.
a lot of the things they talk about is quite good i.e how shit the jobactive system is but they ruin their whole message with their demands that no normal person would ever support.
They just raised the single parenting cut off from 8 to 14, so that’s good free money for all those single parents…
Isn’t the picture from Sim City? Looks very late 90s.
yeah and to be fair to that guy – he was the “roads” advisor” – if you did hold back on his funding, the roads would collapse and deteriorate. I found it the worst outcome. better to reduce the funding to the police and firemen. nevermind if godzilla came walking on.
There must be some housing affordability measures to pump up house prices even further.
Govt already announced first home buyers can team up with the FHOG. Maybe they will allow them to team up on the shared-equity scheme as well. Govt would end up buying 80% of the property, and guaranteeing the loan on the remaining 20%. That would be peak EZFKA.
Definitely. When we think they’ve done when it comes to boosting property, there’s always another surprise just around the corner.
They still have plenty of tricks up their sleeves. I didn’t think they would do 400k NOM, but here we are.
https://www.dailymail.co.uk/news/article-12013877/Jeffrey-Morgan-overcame-upbringing-Block-Sydneys-Redfern-launched-Cut-Bullshit.html
the disastrous negative-reinforcement of public housing
happy to see that he made it out by becoming a motivational speaker/racial grifter
But racism..!!!
That story is a pisser, says they can’t get housing due to racism then proceeds to detail how his Indigenous family are drug addicts, Paedos, etc. and destroy their own homes with graffiti and rubbish.
The white-hating middle class laps it up, and the race grifters just get richer off us.
Pure racism.
We’ll get to know what the target population increase is and that is about all.
The media will do their winners and losers thing. Get a few more clicks, but that is about all.
They’ll give us an official number that will allow Fairfax to rend its garments over how it’s too low and will result in a shrunken flaccid pale male stale Australia
Then we’ll get 3x that
https://www.dailymail.co.uk/news/article-12057779/Jock-Zonfrillo-death-Disgusting-fake-rumour-spreading-Masterchef-stars-demise.html
nobody likes cookers not even DM
Oooo daily mail such gravitas and respectability.
https://twitter.com/boulware_dr/status/1655223114987364355?s=46&t=XWparf2b0A7kfSxojCYcTw
why have cookers not yet latched on to metformin?
also cheap and out of patent
Proven efficacy unlike ivermectin
I don’t pay that much attention. All I know is that jabbies are faggot morons.
Don’t downvote me bitch. Go back to reddit. You reddit faggot.
I popped metaformin for a while (nearly 5yrs?) – as a prophylaxis for so many age related diseases. Only stopped because my offshore pharmacy shut up shop during COVID and I couldn’t be fucked finding another… gained weight since I stopped 🙁
are you a boomer
Lol – nah mid 1970s. Just interested in Metaformin and that it increased the life expectancy of people with type 2 diabetes to above the average life expectancy of people without the disease.
https://www.sciencedaily.com/releases/2014/08/140807215552.htm
I want to live well in my senescence
Really interesting. Thanks for sharing.
Cheers – it is something that I found interesting too. It triggered an autistic response in me, in terms of deep diving and digging into the research and available information for months and in the end I decided on the balance of probabilities it probably did more good than the tiny risks present.
I didn’t take a high dose which is up to 2500mg a day, I think I took 250mg or a 1/10th of that high does in the morning only. I found it acted as a good appetite suppressant even into the evening – I just ate less, put smaller portions on my plate and didn’t feel the inclination to go back for seconds.
The theory also dovetailed with my beliefs around the roll of sugar and seed oils in causing inflammation in the body, and inflammation increasing as you age. The benefits in the studies were statistically significant, across some cancers and heart disease (not withstanding the small evidence of adverse impact in some men). But the fact it raised the average life expectancy of people with Type 2 Diabetes above the average life expectancy of the general population spoke loudly.
Side effects were mainly in the initial stages, for a week or so, mild stomach discomfort, but as I was on a very low dose I barely noticed it. There have been some studies that suggest heart problems with men taking it – very tiny percentages, on par with the risks of taking AZ (imo) however the positive impacts imho far outweighed those risks.
If you are a big drinker of alcohol and have kidney issues then there can be other risks, but as I have neither and was taking a low dose I didn’t see that as a problem.
My intention was to gradually up the doseage to 500g when I turned 50, but COVID came along and got in the way and due to the difficulty in getting it online stopped taking it. Now that it has returned to my consciousness I might investigate taking it again.
I’ve never bothered mentioning it and doubt I ever will again, unless someone else raises it… it can seem a bit crazy to self medicate until you dig into it… while it is fine for one crazy person to do it to himself it becomes a problem when they start preaching their craziness. Same with my opinion on the Vaxs, I have them, if questioned I’ll justify them, but by and large I don’t partake in those conversations.
Paging Coming:
https://www.macrobusiness.com.au/2023/05/garnaut-cut-immigration-and-build-dwellings-to-fix-rent-crisis/
“For housing and electricity prices and their large contributions to [inflation] and community concern, raising interest rates does more to raise than to lower prices”,
He is obviously correct.
But according to most of the lunatics on this site, all the poor people have all the cash and so benefit more from higher rates. Wot?
We discussed it last article , but nobody was willing to accept a professor might know more than them or Tarric booker
average iq here is in the double digits I doubt they will ever grasp any of this
If we made the cash rate 0% it would lower the cost of living, lower demand, lower house prices, lower economic activity?
Better yet make the cash rate -2% we can lower demand even more lol.
Fucking cooked.
If we made IOR 0% and the govt paid zero interest on its debt , it would be disinflationary
both of those things are literally printing money and expanding the money supply
im tired of trying to explain this to you though
Best post you’ve done
Being unable to convince people with a supposedly low IQ to come around to your viewpoint isn’t the win you think it is.
Nah it definitely is
It’s not worth it.
https://billmitchell.org/blog/?p=60811
boj overnight rate -0.1%
ycc with 10yr at 0%
inflation rate 4th lowest in the world at 3.2% and falling
things that make you go hmmm
muh Taylor rule
muh interest must be higher than inflation
I actually think the BOJ will come out of this looking pretty good. They won’t have panic raised rates, or ended ycc. Just sit back, relax and watch the global impulse wash over them, without causing an unnecessary financial crisis.
Meanwhile we in the West can all wonder how higher rates led to a wider budget deficit 🧐🤔
The country that did QE and ycc on a scale that makes the others look like Austrians
have the lowest inflation rate
Hilarious
Everyone here completely convinced that the bom and DoH and media are liars/idiots
but Kochie and bubble-o-Phil definitely know what they’re talking about when it comes to central banking
The perks of having a geriatric society. Japan’s best move was crashing their economy in the 90s so their Boomers never got to be rich.
well, I’m glad that coming has at least one groupie 😀
Prof Garnaut makes two
Not groupie, but would be better than being a neo kenysian RBEZFKA sycophant like yourself.
I’ve been on this train for years, about 2013 was when I was converted took a while to undo indoctrination received at uni, but what really did it for me was the QE is going to lead to inflation everywhere letter by all the nobels that totally failed to materialise.
Always thought Milton Friedman was a monetarist idiot, but his saying that low rates are a sign of tight money and high rates loose money is spot on.
its really interesting to me that this group of people who self-identifies as skeptics and “free thinkers”
is willing to challenge orthodoxy and mainstream mantra in every other area (climate change, covid, jabs, immigration etc)
but absolutely refuses to for this
even in the face of decades of evidence and the mainstream being consistently wrong
I would have thought that they would jump on this, but no – they are violently resistant
I think its probably wishful-thinking, I want to buy a house crowd – the only way they can ascend to the elevated economic/social position that they think they deserve
its the MB phenomenon
they want it to be one way, but its the other way
The phantom decades of evidence which are actually solely Japan, a country with shit demographics which has been in economic decline for 30 years
It’s time to accept that the world has changed since the post-GFC and you can’t bring back that world by setting the IOR to 0%
I also don’t understand why you think you have an anti-establishment view when the establishment did all it could to keep interest rates at 0% until inflation became impossible to ignore.
20 years of QE in the USA
that would count as decades
Here we often also talk about distributional aspects, power relationships and culture.
a gloss on what has been done in US and elsewhere is that QE has been pumped into banks and the financial “economy”. Wall Street not Main Street.
the distributional effects are important. When you print say $500b, you don’t just prin $500b. The effects are different if:
Zero percent interest rates and QE taught governments that they could spend as much money as they wanted and it would never be a problem.
We saw the full effect of that lesson when COVID happened and governments pumped unbelievably stupid levels of stimulus, with a big part going to the parts of the population that needed the money least.
Those people will keep inflation pumping for years to come.
It would actually be 15 years since QE didn’t start in 2004.
And yeah, you can get away with much more stimulus when the economy is recovering from a massive economic shock.
That’s completely different from your recommendation to always have 0% interest rates no matter what.
Japan had high inflation too until their economy went into a depression.
IMO though you’ve just shifted your trolling from racial trolling to economics trolling and this discussion is just as pointless as the previous ones.
how does japan have shit demographics mate
it’s full of japanese people, probably the highest quality major population on the planet
i know what you meant but get real statements like this are just buying into the mainstream open borders narrative
japan has consistently performed as well or better on per capita gdp growth than even australia has i believe, despite no immigration
the way people talk about japan’s so-called economic decline you would think it’d be a third world country by now, then you go there and whoops it’s better than basically every other country
correct and beautifully put.
the only thing that Japan has been missing is the seemingly fashionalble aesthetic of “number go up”
instead, they’ve all been leading comfortable and productive lives. Peaceful and crime free for the most part too.
only it’s a bit shit there for the local women… but, from another perspective, perhaps it’s why they’ve been able to get by so well as a society? (cue Stewie’s input on allowing people with neuroticism and openness and shit near the important levers)
japan does not pay interest on government debt
it does not give a free kick to grifters and banks
you see it as a model society
BUT disagree with their monetary policy?
japan is incel ground zero, all other countries will follow it eventually
terrible work culture
other than that, it’s pretty good
STUPID ffordable (at least housing wise), you can buy a 4 bedroom house 10km out of osaka or whatever for maybe 250k aud
zero crime
totally homogenous
have mostly resisted the line go up religion that is destroying most other industrialised countries, and the approximately 500 calls for japan to open its borders due to ooo spooky demographic crisis ooo that is published in the western media every single week
the power of low to no immigration is very real, i’m convinced at least 70% of all problems today in countries like australia stem from immigration
stagmal,
Japan as a country and a homogeneous society does have its good sides. Unfortunately, they also have some real issues.
Some time ago I came across a series of articles by the German philologist, Thorsten J. Pattberg on Japan, in which he talks about stuff that I wasn’t aware of. Maybe it will be of interest to you.
http://thesaker.is/japans-looking-at-10-million-hikikomori/
http://thesaker.is/after-77-years-of-us-occupation-half-of-japanese-girls-deformed/
http://thesaker.is/japan-and-other-social-evils-the-horrors-of-going-to-school-in-a-high-iq-society/
yeah i said it was incel ground zero in my post, not denying it, it’s just ahead of the curve on this stuff though every other industrialised country will follow soon enough
And they treat their women poorly
In all honesty, I haven’t perceived Japan as a place that treats its women poorly. I know that they are more aligned along their cultural norms, i.e. women keep the house, men work.
I’ll need to look into this.
Shit demographics in the sense that if you wanted economic growth, you wouldn’t set your country’s average age to 50
But yeah I agree that the phrase does smack of open borders bullshit. Japan should give its population an opportunity to have kids, not import a zillion Pakistanis.
i think a declining population is inevitable really. there’s often no way to turn it around
at some point you just have to accept it as opposed to importing the third world, then you end up with an elderly population AND overpopulation, as opposed to only one of those problems
but mister, isn’t “neo Keynesian RBEZFKA sycophant” a bit harsh?!
there is too much at play in these systems to declare almost anything as a universal truth. best we can really do is rules of thumb that are mostly true for certain localised ranges of conditions. When you move outside those ranges, you’d better be prepared to change your mind and rule of thumb.
I can certainly accept that there are situations where rates are low and money is tight or rates are high and money is loose. These situations are easy to imagine, when you start considering dimensions other than demand for credit at different price levels (ie “would I rather borrow at high rates or low rates”) but also
there are also obviously various leads and lags in the system. So it’s quite possible that rates are presently low because money had been tight, or the other way around, in sequence.
eg on this:
perhaps all that QE did finally lead to all the inflation that is apparent, it just took longer?
lmao
cope harder
and the country that did the most and the longest QE had the least inflation?
And the inflation only started when the entire world was shutdown unnecessarily
but yeah I’m sure it was the QE
Yes, the country that was in a fucking depression, with awful demographics, had the least inflation.
and also the united states
and europe
despite running QE
so what you are saying is that QE is not inflationary
QE is not inflationary if your economy is so bad that you would be in deflation if not for government spending.
Why don’t you pay any attention to the economic conditions of the post GFC period you fucking moron
Is it because you’re trolling?
its amazing that somebody could be this deliberately obtuse
so what you’re saying is that QE didn’t cause inflation because the economy was “too bad”
then all of a sudden, when all production was shutdown globally, QE miraculously started being inflationary?
because shutting down global production improved the economy so immeasurably, that QE started working
you realise how retarded you sound right?
Completely 100% different economic problems
Which you know
Because you are trolling
but he must do this, otherwise he wouldn’t be good at it, due to being out of practice.
it’s a positive public service, though, because comings prodding helps everyone get their thoughts into proper and concise order
The problem is that he’s not really that good in that when it gets too obvious, the impact is lost. Also the tendency to lapse into personal insults means the temperament required isn’t quite there.
Coming has also had the same MO since embee – i.e. post the same thing ad nauseum. Almost has the same effect as the guy there who only posts NZ links – easy to scroll past.
so QE has never caused inflation, but it could?
is that your position
It has caused inflation
It just wasn’t a problem while Japan was in a depression, or while the US and Europe were in massive recessions in the late 2000s/early 2010s.
It lasted way past when it should have, like most government handouts. It started really doing damage during the pandemic
you are absolutely delusional
That’s well below your usual standards of trolling
The NSW taxpayer expects much better trolling during your working hours
when the RBA put interest rates up a surprise 0.25 last tuesday
all yields jumped right out to 10 year
yields going up suggests inflationary concerns, no?
if the rba lifting rates was DISinflationary then long yields should have fallen, no?
what do you think bond yields would be if the RBA paid 0% IOR?
changes to the risk-free rate flow through to most other rates. Because there are transmission mechanisms.
https://www.rba.gov.au/education/resources/explainers/how-rba-implements-monetary-policy.html
the transmission mechanism would operate with somewhat different outcomes
if IOR was 0, then the overnight rate would be zero because there are excess ES balances in the banking system
But what im asking is what do you think 1-10yr yields would be
also zero?
so changes to the risk free rate increase both the quantity and the velocity of money?
and the velocity of money determines inflation?
If IOR was zero, short term rates might be expected to drift somewhat lower because the IOR acts kind of like a floor (ie why would you lend to anyone below that rate, when you can get IOR rate risk free from RBA?).
but the banks would want to minimise ES balances obviously (you want as little of your balance sheet as possible earning zero), so the real question would be around what mechanism RBA would make available to facilitate this reduction
short end might be a bit lower. Out at 10yrs, I don’t think you’d see all that much difference.
no if IOR was 0 , overnight rate would be zero
because there is an excess of ES balances due to QE and regulatory changes
That is why they HAVE to pay IOR – otherwise it stay at 0
so what you’re saying is that the free market only demands 2-3% interest on govt bonds
in other words, that is where the market’s inflation expectations are (below 2-3%)
and the RBA lifting IOR serves to either
A) increase those inflationary expectations
B) increase the premium required over inflation
C) both
all while increasing government deficits
no, you’re saying that. I am saying what I wrote.
that is, at the margin, there’s be some more demand for short term paper of various (pushing yields lower), because earning something is better than earning zero.
please answer the question
if the IOR was 0
what would 1-10yr yields be?
what would it feel like if we were all suddenly turned inside-out?
I can tell you the answer if you like
long term yields would all fall
Probably not good. But it would solve the racial problems.
You are asking a hypothetical question of how the market would react if RBA was to do the opposite of what they have been doing historically, and drop rates to zero during a period of high inflation.
IMO the 10-year rate would rise dramatically in expectation of even higher inflation. That is unless RBA started buying up all the bonds, and then I suspect RBA would be forced to backtrack via collapsing AUD.
so the 10yr goes up because the RBA lifted rates unexpectedly
but would also go up if they dropped rates unexpectedly?
Yes. As you say the bond market is responding to inflation expectations.
Yield curve inverts when the market thinks rates are too high and will result in a recession. You can’t have it both ways.
yield curve inverted a long time ago
the point is – RBA rises in IOR are pro-inflationary
Freddy,
Yes, exactly what has been happening in Japan – the government buying its bonds
https://www.statista.com/statistics/756192/japanese-government-bonds-by-type-of-holders/
Their situation is very different. Japan has had -5% real wage growth over the last 20 years vs. +80% real wage growth in the US over the same period.
They have low inflation despite ycc and QE, not because of it.
https://www.abc.net.au/news/2023-05-08/angry-rockhampton-locals-march-on-homes-of-alleged-offenders/102315744?utm_medium=social&utm_content=sf266537621&utm_campaign=abc_news&utm_source=m.facebook.com&sf266537621=1&fbclid=IwAR1x-ErnN6HxCQaPPbopXhfeOx1edsraiqqWPrH4bxwkLZwpFZmy68V3GDo
lmao
useless cops being made totally reundant by people power
we need to bring back lynch mobs tbh for offenders
All cops are soft cocks, SOG only ever hit from behind as the Melb Covid riots showed. Cowards across the force.
Any reason why cops are weak pricks when their Vic Pol head does this?
https://www.heraldsun.com.au/news/victoria/victoria-police-chief-shane-patton-apology-to-indigenous-after-century-of-harm/news-story/a765fa93bf6e715c1c42bfa3e756fbed?amp&nk=58905787f10e9c52585d19002490796d-1683536246
“I had no idea a speech was going to be made,” Drumgold told a public inquiry into the handling of the trial. “I accept I entirely misread the situation … I thought this was someone telling me they were up for an award.”
Seriously how the fuck does this guy even get to be Chief Prosecutor if he makes such a fuck up…?
https://www.theage.com.au/national/dpp-misread-situation-ahead-of-lisa-wilkinson-s-controversial-logies-speech-20230508-p5d6ik.html
https://www.news.com.au/national/nsw-act/courts-law/director-of-public-prosecutions-slams-cops-claims-brittany-higgins-was-evasive-manipulative/news-story/3535392fc1854cf4f2646543268f6743
I have a few k I’d like to invest into I’m not sure yet. Maybe an ETF, maybe more silver, maybe a food stock because I have no food in my portfolio. My local KFC goes off, owned by Collins Foods but they also have Taco Bell which is shit and probably a burden. How else do you make money off fat bastards? Everything they wanna do… eat, watch tv, cruises, probably has high input costs and small profits.
I think I’m gonna put myself into the stay in cash because there will be a crash towards the end of the year camp.
What do you guys reckon?
Buy a house you stupid poor faggot
Go get your 5th jab. Life without jabbies sounds really good.
https://twitter.com/SallyMayweather/status/1655268287519899650?s=20
Investing based on your local KFC 😂
Looks alright
https://insideretail.com.au/business/financial/collins-foods-reports-strong-sales-growth-at-home-and-abroad-202211#:~:text=Despite%20transactions%20being%20broadly%20flat,per%20cent%20to%20%24479.6%20million.
Sizzlers in Asia
Sizzlers might make a comeback here.
We goin’ Sizzler!
https://www.youtube.com/watch?v=6o5NweFWjAw
Rashays is essentially Sizzler. But you get to make a muzzie rich so you get some woke feelz.
How about funeral stocks?
https://stockhead.com.au/news/recession-proof-and-high-margin-funeral-stocks-see-rising-demand-post-covid/
How many boomer wogs are there? Do white micks have big funerals? So much work all this analysis shit.
It’s not only the boomer wogs. It is all the death stare grandmas that are going to be imported.
In a world of equality of the sexes I will have to remember this move if I ever start losing a fight with a chick:
https://twitter.com/FightHaven/status/1655376974842408962
The latest indisputable indicator of Global Warming effects and symptoms:
Dartmouth scientist have settled that the GW causes more baseball home runs
I’m going off-line ti go and buy a Muskeratti Model S
https://www.abc.net.au/news/2023-05-09/victorian-government-offers-tower-lockdown-settlement/102319922
Why was this lockdown a rights violation but the wider lockdowns weren’t?
It seems to be the rule in modern “democracies” that if you brutalise or impoverish one person, that’s bad, but if you do it to the entire population, that’s just making the hard but necessary decisions.
the towers have brown people in them
locking down brown people is bad
So, $5M settlement. $2M to lawyers. 3,000 people at $1,000 per resident.
That’s one way to keep the dole bludgers dole bludging
Interesting to listen to this collision between mmt god Warren mosler , and Australian propertyologist and MB-darling Catherine Cashmore
https://landcycleinvestor.fattail.com.au/the-land-story-behind-inflation-stagflation-that-so-many-fail-to-see/
she reckons prices boom “into” 2026 and bust “into” 2028
Whatever into means
Blast from the past
Pyrrhic result for the cops
essentially he got away with it
https://www.abc.net.au/news/2023-05-09/nca-bomber-domenic-perre-dies/102320068
https://www.abc.net.au/news/2022-07-01/domenic-perre-national-crime-authority-bombing/101014264
too soon!
Imagine if someone died because Coming is too busy trolling this site instead of practicing medicine as he supposedly does
—1 for the population would probably be a good thing.
but shit if it was someone you know
Looking forward to his economic cookerisms ending up in the court transcript
Honestly Coming probably won’t be the first person to kill someone else out of anger at interest rate rises
have you been to a gp lately
they dont even look at you in the face they spend most of the appointment staring at a screen
Yeah he’d definitely be one of those highly autistic ones
spot the anglo
https://twitter.com/ClownWorld_/status/1655397773804707846?s=20
jesus christ
you can instantly tell its australia right away from those shitty grey box tower apts in the background
Based.
Wish I’d become a builder. Just build an apartment block and fill it with poos and you’re rich.
I hope they remake Back to the Future and have lots of poos in it.
mitchell on cb being jerks
https://billmitchell.org/blog/?p=60811
bill is a standard “lower teh rates, that’ll fix thing” softcock.
Yeh, so? What kind of moron would expect interest rate rises to have any consequences unless they actually impact people’s circumstances and financial capacity.
.
…
.
to be balanced – on the plus side, he seems to have accurately identified that Japan is not the same as USA, though. indeed, he seems to have a good understanding of this
and the role that culture plays
The monetary institutions are the same – but culture dictates the choices we make
well done bill.
Bill takes the EZFKA pill….
Culture Matters.
Fucking lol I already posted this exact link on this page
you continue your streak of pointless links with no context
meanwhile
holy shit
follow for more:
https://www.news.com.au/national/nsw-act/courts-law/police-made-sex-claim-in-secret-dossier-about-brittany-higgins-document-tendered-to-inquiry-reveals/news-story/16522ce6264a7847655bd4634d154b5a
lead detective said he was going to resign if brucey was found guilty
will the abc have the balls to report on this tbh
https://www.abc.net.au/news/2023-05-09/act-inquiry-into-bruce-lehrmann-rape-trial-documents-released/102319920
what the fuck was drumgold wearing today
he looks the weird cop from law and order svu
I had her figured out from day one.
plus she had a different boyfriend at the time of the “rape”, plus a different boyfriend at the time of the trial
she has had a very long ride on the cock carousel indeed
Advice for young incels: get a job in canberra
January last year but I was writing similar things in 2021 when it came out.
Big Brit is going to (kangaroo) court and we’ll see what the defence has to say in court. We’ll find out how pissed she was, I’m sure CCTV will tell us if she was voluntarily in Parliament, whether she was lucid enough to pass through heavy security at 2am with a man who wasn’t her boyfriend, whether she got naked herself (she’s a big girl would be somewhat difficult to completely remove the clothes from a passed out body on a couch)
Not sure Big Brit wants the attention as much as to save her career by crying rape otherwise she’s would have been known in Canberra as that heavyset staffer who got pissed and woke up stark naked in Parliament, which is bad for your career when you’re one of those ultra ambitious types like Brit seems to be.
https://incels.wiki/w/Incelophilia
All this incel obsession is gay. If someone rooted a 200kg ham beast they would cease to be an incel, and therefore have more social standing than an incel.
<iframe src=”https://giphy.com/embed/aq6Thivv9V9lu” width=”480″ height=”272″ frameBorder=”0″ class=”giphy-embed” allowFullScreen></iframe><p><a href=”https://giphy.com/gifs/aq6Thivv9V9lu”>via GIPHY</a></p>
fuck can somebody embed
https://www.smh.com.au/politics/federal/i-m-resigning-detective-said-lehrmann-was-innocent-lawyer-says-20230509-p5d6ws.html
-dpp broke the law
https://www.dailymail.co.uk/news/article-12061887/Brittany-Higgins-Bruce-Lehrmann-inquiry-ACT-Police-talk-crushed-says-Shane-Drumgold.html
the mail has spoken
So much for bogans. Even the rich Anglo Libs have become genetic sewage.
He’s gay, right?
I hope everyone is having an enjoyable Victory Day and remembering those heroes who defeated Nazism.
Not like those Vietnam War cowards we saw marching on ANZAC Day. How they can even show their faces on ANZAC Day disgusts me. The hide on them.
Russian spam day.
Enjoy this if you have a spare month.
https://www.youtube.com/watch?v=6CerdjvePsg&list=PLwGzY25TNHPC_SsXFcIH-ba0nWuNbHOM6&ab_channel=StarMediaEN
Fuck me you are pathetic, no one cares faggot.
https://www.youtube.com/watch?v=0MZyE-UEG1Y
Start at 22:15 and watch about 15 seconds.
Make sure you remember who defeated nazism!
They updated the video. The segment starts at 2:05
She looks like a Golliwog – with the ridiculous Jewish obsession with Afrocentrism I can understand why they went out of favour.
budget to be announced in 25 minutes
who gives a fk tbh
i just made this thread bc i wanted to post the sim city 2000 image
You might get an extra $20 per week.
Lol ya thats it
Quite smart. Give the dole bludgers $20 per week more, take it back by increasing smokes by $5 per pack. Great move
Sucked in smokers. Time to give the cancer sticks away.
The extra $20 per week for the dole is a nice bonus for my dream of LARPing as a dole bludger for 12 months.
I went to the dodgy durry place again today, paid no tax. Feels good man. I’d hate to give a cent to your wanky little hapa kid. I’m assuming you have a chink wife, and you’re gonna shit out a faggot little kid that works for AirBnB or some shit.
Someone needs to dob these places in. Go in there with a hidden camera.
Surplus of hapa IT fags. Yeah thanks for the doctors, lawyers, and finance fags I didn’t need either. Because white people had already sufficed that need when you were farming bok choy in your muddy little plots.
Fuck I think you’re directly over the target
that makes a lot of sense actually
Why are you even surprised about my superior intellect? Faggot.
Interesting to see who is behind the success of ‘Ordinals’ currently clogging the BTC network…
https://twitter.com/B2029org/status/1655611301412982784
They still have plenty of left over tokens on BSV from their old enterprises.
https://www.afr.com/property/commercial/mosman-childcare-centre-sells-on-record-2-75pc-yield-20230509-p5d6ys
2.75% yield
leased for another 18 years
Mosman land.
RE is back baby!
Lol lol.
Typical “smart” legacy Australian. Just a faggot clerk with some disgusting fat bitch wife.
Lol lol.
What’s with Aussies and their dogs. Peak dog culture.
Feeding two big dogs costs a fortune, but wouldn’t come close to feeding the missus. Look at the size of that unit.
Indeed, human food costs more than dog food
What a strange way to say she’s the type of fat bitch who rejected you a million times on your youth.
You’ve got an issue with owning dogs now? Fark that’s sad.
Enjoy your 20 buckers suckers.
I love it when the Suckups refer to him as Dr…
Fuckin Arts degree at a 2nd rate Uni, then wrote a story about Paul Keating for a “PHD”.
Absolute fraud was raised as Catholic (like many shameless grifters do for the cheap high quality education) then baptised his 3 kids as Catholic as well.
Married a Labor staffer, while he was a ‘Researcher’ to a Labor Premier post Uni, so basically no one in his house has ever had a real proper job.
Will be the first to jump on the Trans rights or whatever band wagon gets him elected rather than take a personal stand on any beliefs, like those from his Catholic upbringing say.
He’s no more a Doctor than that fat cunt Dave O’Neill is a comedian.
Feels great that he’s the Treasurer…
>raised as Catholic
They’re such nauseating phonies. That black, opportunistic, stand for nothing look in the eye. They can use condoms now that they’ve outbred all the other whites. How convenient.
Your karma just ran over Stewies dogma
There be lots of blank eye stares, but in the end he acknowledges my dogma “They’ve outbred all the other whites” That is the name of the game, everything in modern progressive liberal Western culture views that as abhorrent.
Should spend some of that budget surplus on new chiclets.
Fucked up, nasty grill.
Durry tax to subsidise arts degree wog moot.
Bloke looks like sleepy joe with all that hair sucking.