Inflation Has Ticked up in The Last Couple of Months

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• 

  CyberMurning on 24/11/2024 - 18:13

  +7

  No wonder train drivers are asking 32 per cent pay rise over four years and an additional 1 per cent employer super….
  Make sense!

  /s

  • 

    randomusername2017 on 24/11/2024 - 22:45

    +4

    Bot disappointed all the comments aren't all stacked under the first reply…🤔

    • 

      JIMB0 on 24/11/2024 - 22:54

      +9

      I'm not actually replying to you. I was late to the party and missed the top spot in the thread that I am worthy of. Replying to you was the only way to get my useless comment as high up the page as possible.

• 

  Gervais fanboy on 24/11/2024 - 18:15

  +25

  I am sure the upcoming hecs relief programme will fix everything.
  Nothing says tackling inflation like printing more free money that you don’t have.

  • 

    AdosHouse on 24/11/2024 - 18:47

    +22

    Weird take. The government won't print money to give itself. So they are writing debt off, not printing money and getting someone from treasury to haul a big shipping container of money to the ATO.

    • 

      Gervais fanboy on 24/11/2024 - 18:54

      -7

      It depends on whether the debt is denominated in the country’s own currency. Printing more money would weaken the currency relative to others, but the debt itself would remain unchanged.

    • 

      greatlamp on 24/11/2024 - 23:44

      +14

      The explanation is wrong but it's the correct take.

      Wiping the debt means people have more take home pay. That's inflationary.

      Is it significant? We can only wait and see.

      • 

        Chandler on 25/11/2024 - 11:18

        +1

        More money in people's pockets is only inflationary if they spend it.

        TBH, I don't completely understand inflation (to my own satisfaction, at least) but I find the whole situation a little sus. And I'm not a conspiracy nut…

        • 

          Seraphin7 on 27/11/2024 - 14:23

          +1

          @Chandler: This is correct, although you will find there is a high correlation between one's level of HECS debt and their marginal propensity to consume.

          • 

            nigel deborah on 28/11/2024 - 07:04

            +1

            @Seraphin7: Do you think so? The mandatory HECS repayments scale with income and not your amount of debt. You pay the same regardless.

            If your balance is low already, the government's 20 percent refund only slightly shortens your repayment time.

            If there will be an inflationary effect, it would not be fully realised for at least a few years when people's balances start to go to zero when they would otherwise have another year worth of repayments.

            • 

              Godot on 28/11/2024 - 18:31

              @nigel deborah: Younger people with HECS debt are not the problem, it's older people with ridiculous equity in their homes that are spending their pants off that contributing to inflation.
              (Sorry, responding to above, not you Nigel)

              • 

                JIMB0 on 29/11/2024 - 17:02

                +1

                @Godot: My theory is it's better to spend it now rather then lose it to inflation.

              • 

                sangohan on 29/11/2024 - 18:39

                @Godot:

                older people with ridiculous equity in their homes that are spending their pants off that contributing to inflation.

                this explanation is like trying to blame the flood on the raindrops from the cumulonimbus, but not the surrounding cloud. Just because it's more visible.

    • 

      SnakeCasablanca on 25/11/2024 - 12:04

      +15

      Money is fungible.

      The government writing off debt for all intents and purposes is the same as printing money.

      • 

        sangohan on 29/11/2024 - 18:43

        not really - printing money adds to the money supply. But this debt might not change the money supply.

        If the gov't is writing off debt, it means they now have less income, and so all else being equal, the gov't now spends less money. This may be offsetted by the HECS debt holders spending more as a result - which would neutralize the effect of the gov't not spending as much. So it's neither inflationary, nor deflationary but neutral.

        The only way this would be inflationary is if the gov't borrows more money to offset the loss that the debt writeoff makes them lose.

    • 

      frewer on 26/11/2024 - 13:38

      +2

      The government won't print money to give itself

      True, they gave to other government ( Ukraine )

  • 

    ThithLord on 25/11/2024 - 10:32

    +1

    Why are you such a baby about it? The ALP are taking it to the next election, they're not doing it straight out the gate. Australia can vote for the mandate in '25.

  • 

    netjock on 26/11/2024 - 15:33

    HECs relief won't do anything. It is just lucky for those who have a debt. Changing the repayment thresholds just makes it take longer to pay off.

    All of the industries in Australia are the not highly paid ones.

    Mining: if you want to FIFO then yes it is.
    Education: we know the unis are paying a pittance to teaching staff
    Agriculture: only way they could survive is taking advantage of backpackers
    NDIS: that is just government job and we know how that happens

    Everyone is collectively going backwards. The per capita recession.

  • 

    skidexa on 26/11/2024 - 19:31

    HECS debt is usually paid over time after a certain level of income, but you're acting like the government is handing out this money.

  • 

    AccessMax on 28/11/2024 - 03:01

    I have paid my hecs debt in full and wiping hecs debt is a good thing hence I support hecs relief programme. (/s, have 30k hecs debt and virtue signalling)

• 

  justworld on 24/11/2024 - 18:18

  +23

  Victorian land tax went up well over 50% in the last 2 years.

  My office rent went up 8% in a year.

  Those things are more impactful to me than a few dollars on groceries here and there.

  My solution is - when others hike prices, I hike my fees and blame inflation.

  • 

    Gervais fanboy on 24/11/2024 - 18:20

    +23

    This is a vicious loop though, the middle class will keep shrinking.

    • Danstar on 24/11/2024 - 18:40 Comment score below threshold.
      • 

        OZKap on 24/11/2024 - 23:39

        +35

        "anything I dislike is socialism"

        • 

          pwnd on 25/11/2024 - 07:56

          +8

          @OZKap: Are the socialists in the room with us now?

        • 

          R4 on 26/11/2024 - 00:46

          +1

          @OZKap: pretty much how I see it.

      • 

        johnno07 on 25/11/2024 - 10:46

        +8

        I've noticed a distinct correlation between those that abbreviate the word "government" and those that don't understand how it works.

        • 

          bio on 25/11/2024 - 14:11

          +1

          @johnno07: ikr

        • 

          Danstar on 26/11/2024 - 08:54

          -7

          @johnno07: Been waiting to use that one for a while have you? LOL

          I notice how lefties are getting louder than usual because feelings over facts isn't working for them as much as is used to

          • 

            GrueHunter on 26/11/2024 - 19:08

            +5

            @Danstar: says the bloke walking around shouting TAHTS SOSHULISUM

            • 

              Danstar on 26/11/2024 - 22:09

              -1

              @GrueHunter: Case in point.

  • 

    CalmLemons on 25/11/2024 - 01:24

    +18

    Yes, and people complain about why rents keep going up.

    People further complain why all these new high density builds are such low quality.

    Here is your answer:

    Governments solution is to push to build more housing to provide more rentals properties WHILST continuing to build massive infrastructure projects.
    This causes what little skilled trades we have 'revolve' around government projects instead of private developments.
    Those who do private ones, now increase the price due to increased demand for their services PLUS increased cost of materials and in parallel increased wages.
    When you build a building, to keep margins in order to stay liquid and in business, you can either decrease the material cost or decrease the wages cost. Decreasing wages is hard so you start designing/building buildings with lower cost materials.
    You also end up with the bottom of the barrel trades more often than not to either save money or sheerly by little choice as to who is available at the time and the trades that more often aren't too good are MORE available to an extent.
    So you have shit buildings, at a high price, and also few developments in the pipeline because of the rise in costs/materials/labour/land taxes/other costs to developers. OH AND DON'T FORGET INSURANCE. Building insurance now up 400%, all other insurance up 25-40%.

    When the government builds something, it is literally 30-40% at least more expensive due to government inefficiences and zero competition/free market.
    Government pays for this by taxing the private land owners/builders more so essentialy you have this death loop whereby you are constantly reducing the housing supply by trying to build more buildings because you're making things more expensive as the way you are doing it is inefficient and pushing private developers out with higher costs caused by the government. This is why communism never works.

    They should just increase taxes at the end of the developments rather than burden developers/businesses with immediate costs.

    • 

      sillyhead on 25/11/2024 - 07:24

      +3

      This is a great comment. So correct. why would any construction worker build residential spec homes when there's so many lucrative infrastructure projects out there. Also I think there is alot of money out there for major renovation work for wealthy homeowners as the gap between rich and poor is also widening.

      • 

        CalmLemons on 25/11/2024 - 11:42

        +2

        Yes, wealthy people have a bigger buffer meaning if they really wanted to do a reno, they can at $60k a square. Whilst Henley / Metricon is doing stuff at $12-20k a square

        Then you have all this social media from people who live in these cheap houses complaining which causes the government to set more rules and driving up the cost further.

        • 

          Assburg on 28/11/2024 - 00:11

          +1

          @CalmLemons: "the government requiring builders to build things to the standard I want them to makes it too expensive to build it to that standard."

          This might be true of those build inspections weren't a total rort… Otherwise if they were building to that standard to begin with the government requirements wouldn't make a difference.

          • 

            CalmLemons on 28/11/2024 - 00:51

            +1

            @Assburg: The building surveyors are the issue here as a lot of them aren't doing the inspections properly or from what I hear in industry now sorry let me rephrase thata little bird tells me thatperhaps a lot of the building surveyors may now be blackmailing builders in not passing inspections without additional payments.

            That said, the guidelines and literature that covers the building standards and processes is ambiguous, poorly written and outright scams in themselves. They are extremely hard to understand and when something doesn't fit the mould (98% of cases) it requires an 'alternative solution/performance solution' which is another way of saying figure it out yourselves and make sure someone puts their name on it was we can blame them when something goes wrong.

            • 

              Assburg on 28/11/2024 - 07:44

              @CalmLemons: This is good to know re blackmailing for additional payments. I appreciate it… I figured their job was just to sign things without looking so to demand additional/superfluous payments is a disgusting rort.

              • 

                CalmLemons on 28/11/2024 - 21:55

                +2

                @Assburg: Most do a good job. There are a few bad actors and they are the ones that let through jobs that then get publicised on social media. There are always rumours around and places to check for them.

                The main issue is not everyone is looking at it from the bigger picture here.

                The main issue is building is complex, requires not just a degree but years of experience and the literature is overly complex and has too many stackholders.
                The authorities in the building industry and trades do very little to help, basically nothing to help the builders or trades and only act within their limited budget to slap fines on rogue actors or slip ups.

                The builder is essentially a 'manager' of the trades, some builders are carpenters/trades by themselves but most of the work depends on unlicensed/licensed trades depending on what and which state the build is in. But you need heaps of experience to finish a project to standards. There is no one easy go to pdf guidebook. It is about 6 main texts and the entire AS australian standards which is not a free publication and it is about a few thousands pages in total. So while you're managing trades/cutting timber/mixing cement/balancing finances you're also pulling up or not pulling up knowledge from the guidelines you're meant to follow.

                Then we have building surveyors in which you need a degree. Remember, you need a degree, but honestly zero experience to be able to audit a job. You can just go around checking boxes and honestly there is HEAPS to check and a lot to remember to be able to check through a site properly. It's a bit unfair being a building surveyors because the way the law it written the buck falls on them once a building is approved and you ask yourself if you're inspecting 48 units how do you know if you've covered everything as every single build is different.

                Then you have site inspectors who are basically the ones who failed at being builders imo and building surveying so all they do is go around checking easy common things that most build fail on which is normally things like stormwater issues/plumbing/airconditioning/bathrooom waterproofing etc. These are the guys you see on social media who go around inspecting the shtbox builds made out of polysterene or volume builds because they were built by somebody else can do it cheaper people. But these guys only come in near the very end so they can get clicks and then the government is forced to start pushing how they are punishing the rogue actors instead of fixing the real problem of fixing the system:

                Fix the system by:
                Making clear easy to follow guidelines that are synergistic across the industry
                Simply the Australian Standards and make them FREE.
                Provide accurate detail instructions and video instructions for case by case scenarios and standard building practices.
                Providing better incentives and better training for trades.

                The whole thing is a shitpiss. The government just makes it more expensive because they have no idea what to do or how to fix it-because they cannot. The consumer pays for it in the end. Social media makes it worse.

                You cannot just say we are going to hunt down the handful of rogue actors when you have a broken system guideline system that is:
                Extremely difficult to understand.
                Fragmented across 3-4 different text resources
                In an industry where most of the trades have trouble passing year 10 English.
                I have two degrees and assorted certs and I cannot make heads or tails of where to start or looking in some of these guidelines. If it wasn't for PDF search I do not know what people were doing years before.

                There is just so much more to this one cannot do it justice above. I am not fixing up the missing words btw from this rant.

                There are good trades and good builders around, most of the time sorry you just need to pay.

                • 

                  Assburg on 29/11/2024 - 23:40

                  @CalmLemons: I really appreciate the insight.. as I've not managed a build (just lived in the crap ones after the fact). I knew it wasn't simple but that's a mind boggling summary…

                  You'd think it would've gotten simpler, or at least more efficient over the past 50-100 years… But clearly not.

    • 

      Minimum chips on 25/11/2024 - 11:53

      +7

      This stuff is so bad productivity in the construction sector is actually worse than it was in the 90s. Almost every other industry has increased productivity in 30yrs, and construction is a huge industry to be doing so badly on average.

    • 

      netjock on 26/11/2024 - 15:36

      Government spending is also how they buy votes. No government have wanted to preside over a recession, they just keep on pumping money into the system then raising taxes.

      Funny enough all the incumbent governments are getting voted out due to high inflation because people don't like it.

      • 

        Danstar on 26/11/2024 - 16:05

        +2

        Or in Victorias case. Government spending on cancelling projects

        • 

          netjock on 27/11/2024 - 08:16

          @Danstar: Yeah I wonder if it is a means of wealth transfer.

          Here is a job. It will go for 12 months and we're going to cancel it so do as much / little as you can. Thank us later with vote.

• 

  kiitos on 24/11/2024 - 18:32

  +13

  I noticed the house insurance jump too - 22% in our case. I was thinking as this is something that I'd have to fund even in my future retirement it's a worrying trend.

  • 

    serpserpserp on 25/11/2024 - 07:22

    +2

    Lucky to have a paid off house in retirement

    • 

      CommuterPolluter on 25/11/2024 - 07:27

      +8

      Some will still want it insured LOL

• 

  Malik Nasser on 24/11/2024 - 18:45

  +2

  Your anecdotal observations do not match the latest RBA CPI data.

  Inflation Has Ticked up in The Last Couple of Months

  And yet a number of your comparison are for 2023 v 2024. Seems a bit more than a couple of months to me.

  • 

    HeWhoKnows on 24/11/2024 - 19:36

    -8

    Pls read the examples again.
    The focus is on the last couple of months.
    Yes some comparison was made to 2023 prices as an additional reference point.
    But in every example, price increases which occurred during November 2024 have been compared against October 2024 prices and if not, then early 2024.
    The recent jump in prices is the whole point of this post. Not what has happened over the last 12 months.
    You should be aware that November 2024 figures wont be reflected in CPI data for another couple of months.
    So obviously my observations wont be reflected in your quoted September 2024 data.
    I suggest you check back again at the end of January 2025.
    In any case CPI data is on a rolling 12 month basis, even though they now quote monthly changes.

    • 

      Malik Nasser on 24/11/2024 - 20:47

      +27

      Confirmation bias.
      You have cherry picked data points that match your narrative. Your examples represent less than 0.1% of all items sold by all retailers. Does the dataset also have examples of the opposite (where some items are now cheaper than they were in earlier months)?
      Unless you analyse the full dataset making claims based on a small subset of items is rather meaningless. Anyone can cherry pick parts out of a dataset and tell whatever story they want to match their narrative.
      Regarding the RBA monthly CPI indicator data, you can extract month on month data and not just look at rolling 12 month periods. As such September month on month CPI was only 0.08%, August was -0.24%, and July was 0.0%, so clearly CPI has not been doing much over these months. The next data point is due out on Wednesday which will give the October reading.
      I would not expect CPI to be doing much over the next few month either, but then again anything can happen.

      • 

        TEER3X on 24/11/2024 - 21:07

        +4

        Isn't inflation measuring the price changes of a basket of goods over a defined time period?

        That's exactly what the op is doing

        • 

          cloudy on 24/11/2024 - 22:57

          +6

          @TEER3X: But surely hasn't included other things in his basket, say electricity. Which is in deflation thanks to the $300 albo grant. If Op buys any China made good, it's probably deflated in price recently, the list goes on, hence why the ABS is more comprehensive list.

          Ofcourse the ABS figure does not eqaute to OPs experience. Everyone is different from average in their own way.

        • 

          BluebirdV on 25/11/2024 - 08:13

          +10

          @TEER3X: Yes, but he cherry picked a very small sample of data as in the above comment. That small sample does not measure the big picture of what is going on. It's not rocket science.

        • 

          Nost-dc on 25/11/2024 - 10:09

          -1

          @TEER3X: how does the basket work with shrinkification?
          eg. Quilton TP used to be 250 sheets per roll, then went to 220, then 200, and now 180 sheets.
          blocks of chocolate were 250 grams, same thing happened
          packets of chips have shrunk too.

          does the basket take into account that you now need to buy 1.5x as much?

          • 

            nwbort on 26/11/2024 - 09:31

            +1

            @Nost-dc: Literally yes. See here:

            For example, if a packet size decreases from 150g to 100g and the price stays the same, a 50 per cent increase in the price is made to the index.

      • 

        HeWhoKnows on 25/11/2024 - 20:28

        +1

        Incorrect

        These are the regular items I buy.
        Call that cherry picking if you like but thats what people focus on.

        And Ive included items I buy that have gone down in price though these are few and far between and reductions are MINIMAL.

        Im not trying to pick the inflation rate nor making any claims.
        Thats you making that claim.
        Just showing examples of recent price hikes on the goods that I buy and demonstrating that they are NOT SMALL increases.
        Thats the whole point of this post.
        And as you can see by the POLL, many people AGREE.

        And in my introduction I do ask..
        Are we seeing a sharp uptick in inflation again?
        Is the RBA correct in holding interest rates?

        Feel reply to answer the question but no need to be critcical based on my shopping list.
        I have asked others to contribute examples.
        Where are your examples?

        as for you last point..
        "I would not expect CPI to be doing much over the next few month either."

        Ive just provided you with undeniable evidence that we are experiencing LARGE price increases in some goods in November.
        Where is your evidence that you do not see CPI doing much?
        Do you do the shopping each week?
        Do you pay cash so you can see that you need more dollars in your pocket to pay the grocery bill?
        Maybe you earn so much and pay with your card or phone that you dont notice the difference immediately or that it doesnt matter for you.
        For me as a cash payer, Im needing to put more and more cash in my pocket each time I go shopping.
        I make my list and calculate how much I will need, because I know the prices, yet its never enough unless something is not in stock.

  • 

    RedHab on 24/11/2024 - 19:44

    +10

    The ABS/RBA inflation data is under-stated. They manipulate the data to please their political masters.

    There are many reasons for this, but the main one is that government benefits like pensions are indexed to inflation.

    You can find much more information on the topic here:
    https://www.shadowstats.com/alternate_data/inflation-charts

    • 

      dtc on 24/11/2024 - 19:57

      +7

      And how is linking a conspiracy website that talks solely about US data relevant?

      • 

        HeWhoKnows on 24/11/2024 - 19:58

        +7

        Firstly
        This is not a conspiracy site
        IT IS REAL FACTUAL DATA!

        Secondly
        Because Western governments play the same games everywhere

        • 

          dtc on 25/11/2024 - 09:31

          +5

          @HeWhoKnows: Just because its 'real data' doesnt mean the interpretation of that data is correct and not a conspiracy.

          And the argument 'governments play the same game' - perhaps you could point to the Australian equivalent 'real factual data'?

          • 

            timuzhti on 25/11/2024 - 20:33

            +1

            @dtc: That's easy, we know the methodology used to calculate shadowstats' figures (see James Hamilton, quoting Williams) so we can simply do the same thing and add 7% to every year. Then we can find the average consumer, who has had their cost of living (supposedly) increase over 7× instead of more like 2× since 2 decades ago, and ask them how they're doing, and how they're still alive. You know, the usual.

          • 

            HeWhoKnows on 25/11/2024 - 20:45

            +5

            @dtc: The ABS openly admits that it regularly changes the basket of goods they use.
            They assume people move to cheaper brands when prices go up and adjust the basket accordingly.
            They also decide to remove certain items because their prices are regarded as too volitile
            Is that not a deliberate manipulation of the inflation calculation?
            Thats a classic example of what these shadow stats are demonstrating.

            • 

              cadwalader on 28/11/2024 - 10:24

              +1

              @HeWhoKnows: People don't substitute education with food, health with transport or communications with furnishing though. The interest rate is meant to broadly apply to the entire economy. The RBA interest rate is not meant to deal with lamb pricing spikes that lead to substitution with chicken or Audi pricing spikes that lead to substitution with Toyotas.

              If its broad the issue is enough to be affected by interest rates, the inflation will be captured across the entire sector and cannot be substituted away. Any other fluctuations within the subsector caused by subsector associated issues (not macroeconomical issues) evens itself out in the end across the entire sector (i.e food, transport, health, education).

              The CPI is reflective of people's expenditure and not so arbitrary set of goods that somebody else decided/speculated that people should be spending on.

    • 

      HeWhoKnows on 24/11/2024 - 19:57

      +3

      100% correct!

    • 

      whyisave on 26/11/2024 - 00:35

      +1

      They manipulate the data …

      Since March 2020, this is becoming too obvious.

• 

  AustriaBargain on 24/11/2024 - 18:53

  +1

  Lot of the products you mentioned rely on animals and farms, how do you know that the fluctuation is due to inflation and not McDonald's bringing back the McRib?

  • 

    HeWhoKnows on 24/11/2024 - 19:39

    Good point.
    maybe we blame McDonalds

• 

  7ekn00 on 24/11/2024 - 18:56

  +3

  Australia voted for it:
  https://www.linkedin.com/pulse/what-impact-australias-high-p…

  • 

    LVlahov on 24/11/2024 - 19:31

    Although Labor had promised to reduce migration relative to the Liberals not massively increase it so I don't think it is fair to say the public voted for it. If they voted with the knowledge they should have regarding Labor's ideology and intentions they did, but if they took Labor at their word they were voting for the opposite.

    • 

      7ekn00 on 24/11/2024 - 19:32

      +4

      You mean each way Albo went each way to win a public vote?!? Say it aint so, politicians never lie !!!

      PS. both sides are lieing PoSes that are just globalist puppets :/

    • 

      HeWhoKnows on 24/11/2024 - 19:46

      -2

      Im not aware of a single promise from the many which Albanese made, for which the public presumably voted, that has been delivered by Labor.
      Besides Labor's primary vote (32.5%) which actually went down, was actually (3.2%) below the Liberal/Nationals Coalition primary vote.(35.7%)
      See here: https://en.wikipedia.org/wiki/2022_Australian_federal_electi…

      So no, the majority of Australians did NOT vote for any of Labor's ideology.
      Labor formed a functional government by benefiting from Greens preferences and then forming a coalition with The Greens to pass legislation through the Senate.

      • 

        LVlahov on 24/11/2024 - 20:42

        -4

        They are truly one of the worst governments the nation has ever had.

        • 

          coray8 on 24/11/2024 - 20:56

          +20

          @LVlahov: Maybe if you slept through the past decade

          • 

            LVlahov on 24/11/2024 - 21:06

            +2

            @coray8: Who are we comparing to: Abbott/Turnbull/Morrison, or Gillard/Rudd?

            Morrison I think is the most interesting case, a person that perhaps governed more reasonably and less ideologically than any Prime Minister we've had for many decades (before my time) if not forever. [and it is not a Liberal voter talking here, I am more of an issue voter than party committed]

            Liberal voters tend to not be that negative about him but Labor voters much more so, even though he generally spread around Labor style largess to save the economy and was very inclusive of the needs of those with little. And for those negative about him regarding covid he stayed within firm legal and constitutional bounds and wasn't anywhere near as harsh, prescriptive or destructive as just about any other politician on the mainstream right or left would have been, or the extreme left.

            Thus he tended to govern in a way more sensible than we could possibly expect others would have been with their ideological bent, and that of their parties. He was kinder to the bottom end more than any liberal leader would be expected to be, and more moderate on social prescription similarly.

            Good sense is just the thing to be criticised in a country ruled by deficient media and academic reality though, with an activist population brainwashed to be against good sense and their own interests.

            Abbot I would say was not bad, just out of touch with modern Australia (in the pejorative sense of that word) to some extent and easy to ridicule (despite I would fully believe being a decent human being), and Turnbull was really just a normal politician to me, so terrible, but not outstandingly so in any direction. He sold out Australian interests but no more than Labor leaders do, or other Liberal leaders (excepting Morrison and potentially Dutton who I think are less motivated to do so), or Green leaders would do if given the chance.

            Rudd had some promise but was killed by his own party and oligopolies arranged against him, and Gillard's record is that of utter incompetence far in excess of the others. Pink Batts, blowing up of our university sector (overrunning it with students to the absolute devaluing of its quality), mismanaging the renewable energy sector and so on. Something you would never know the full extent of unless you were within the industry at the time.

            I'd take any of the above though over the current government. I have never seen such cynical lying to and gaslighting of the public as under the current term.

            • 

              serpserpserp on 25/11/2024 - 07:46

              +2

              @LVlahov:

              Abbot I would say was not bad, just out of touch with modern Australia

              You listed a lot about what others did, but nothing about Abbott? Apparently not bad because he didn't get to follow through on anything?

              • 

                LVlahov on 25/11/2024 - 16:31

                +1

                @serpserpserp: Regarding Abbott I said "out of touch with modern Australia (in the pejorative sense of that word) to some extent and easy to ridicule". You know "eating the onion", "threatening to shirt front Putin", "bestowing a title on a royal" etc. The thing is though those are the kind of things that are neither here no there in terms of the lives of actual Australians, so he tended to get so much crap for flippant things like this that if there are broader criticisms to make.. they kind of got lost in the kerfuffle.

                Biggest criticism of him, and this applies to all of the leaders both Labor and Liberal except for Morrison is that he did not stop record migration into Australia which has serious deleterious consequences for social cohesion, the environment, political enfranchisement and quality of life and equality within the nation for the majority of its residents. He wasn't as bad as some in that regard but should still definitely deserve a C or an F grade based on it.

                Gillard F, Rudd D/F, Abbott D/F, Turnbull F, Morrison B, Albanese F

                That is fairly non-partisan is it not? And note while I give Morrison a B and you might critique that as bias the reality there is he governed during an extraordinary period, so I'm not positive in an ordinary period that he would still get as high a score from me. It would depend what he did in an ordinary period which we did not get to assess.

                Rating are subjective though and it all depends what you value.. if your major policy requirement is the selling out of Australia's Anglo-Celtic people and history (or promoting wokism or environmental virtue signalling while destroying the environment) then the grades should be reversed: everyone but Abbot and Morrison should get an A, and the two should get a D and an F respectively.

                • 

                  serpserpserp on 25/11/2024 - 16:55

                  @LVlahov:

                  B and you might critique that as bias the reality there is he governed during an extraordinary period,

                  Absolutely. He didn't stop immigration. The globe stopped immigration because of COVID. He basically did as everyone else did.

                  Immigration isn't the reason quality of life it's suffering, our obsession with populous infrastructure hasn't helped, coupled with Morrison's horrendous financial mismanagement during COVID. He put us in a hole that will take generations to dig out of

        • 

          HeWhoKnows on 25/11/2024 - 20:49

          +1

          @LVlahov: And thats reflected in the polls for both Albanese as prefered PM and Labor crashing.

          Whether you like Labor or not, you cannot argue with the what the polls reflect from the majority of Australians.
          And down-voting this fact doesnt change it.

      • 

        Baysew on 24/11/2024 - 21:03

        +20

        Promises made and delivered:

        Legislate 10 days of paid family and domestic violence leave
        Hold a referendum to constitutionally enshrine a Voice to Parliament in the first term
        Reduce the maximum charge for PBS scripts by $12.50 from January 2023
        Establish a royal commission into 'Robodebt' by the end of 2022
        Gradually and predictably reduce emissions baselines for non-electricity sector facilities covered by the safeguard mechanism
        Provide $200 million to schools for mental health support
        Require 24/7 registered nurse presence in aged care facilities by mid-2023
        Boost the TPI payment for disabled veterans by $1,000 per year, starting January 2023
        Provide $240 million to schools for building upgrades
        Hire an extra 500 staff to process veterans’ claims
        Establish a new Australia-Pacific Defence School
        Require residential aged care operators to publicly report their spending in detail
        Provide the ABC and SBS with five-year funding periods
        Make the cashless debit card voluntary
        Change Australia’s Nationally Determined Contribution to reducing emissions to 43 per cent off 2005 levels and legislate the target
        Extend the powers of the Fair Work Commission to make orders for minimum standards for new forms of work, such as gig work
        Remove import and fringe benefits tax on non-luxury low-emissions vehicles beginning July 1, 2022
        Make gender pay equity an objective of the Fair Work Act
        Abolish the average staffing level cap in the Australian Public Service and increase the number of permanent employees
        Make unfair contract terms illegal so small businesses can negotiate fairer agreements with large partners
        Deliver a one-off $420 increase in the low-and-middle income tax offset in 2022
        Establish a Family, Domestic and Sexual Violence Commissioner
        Establish a $10 billion Housing Australia Future Fund
        Replace the Temporary Protection and Safe Haven Enterprise Visas with a new permanent protection visa
        Legislate a federal anti-corruption commission ‘with teeth’ by the end of 2022
        Legislate so large companies will have to report their gender pay gap publicly

        • 

          LVlahov on 25/11/2024 - 00:21

          -8

          @Baysew: ALL of that stuff is at the margins/barely relevant or things they stuffed up.. e.g. the Voice referendum. Stuff to be visible but that make essentially no difference whatsoever, while the things they didn't do smash everything else by orders of magnitude.

          E.g. your list "hold X" "appoint Y", spend a rounding error more on something, do temporary thing N with no lasting benefit or effect etc.

        • 

          ThithLord on 25/11/2024 - 10:36

          +4

          @Baysew: OK but besides all that!!1!!!

        • 

          scix on 25/11/2024 - 11:13

          +5

          @Baysew: @Baysew, yeah, but what have the Romans ever done for us?

        • 

          HeWhoKnows on 25/11/2024 - 21:00

          -1

          @Baysew: These are achievements, not promises.
          You expect goverments to do something useful

          Now lets move to the promises and claims that matter to Australians that have not been delivered:

          To lower the cost of living for Australians
          No family will be worse off
          To reduce power bills by $275 by 2025
          To be more transparent
          Cheaper mortgages
          No changes to superannuation
          No changes to Stage 3 tax cuts (even saying this a week before they were changed)
          It wont cost Australians anything to deliver renewable energy
          To increase "real" wages for Australians
          Franking credits wont be touched
          Industrial relations bargaining would not be industry-wide
          30,000 public houses over five years (Nil delivered)
          More bulk billing
          To keep people safe
          There are many more but as i said, these are what is important to Australians because they affect them directly

      • 

        fisherfriendman on 25/11/2024 - 10:14

        +4

        No they didn't form a coalition with the Greens. Labor hold a small majority in the lower house without the Greens. They have had to negotiate each legislation in the Upper house with the Greens and independents because Labor and Greens combined still does not have a majority in the upper house, plus Labor had a few legislative non-achievements because The Greens opposed and the LNP supposedly support, but turned against Labor's legislation.

        • 

          HeWhoKnows on 25/11/2024 - 21:02

          -2

          @fisherfriendman: Dream on
          Its a Labor-Greens coalition whether you like it or not
          Without the Greens support they would not have passed any legislation during this term

          • 

            Baysew on 26/11/2024 - 22:15

            +1

            @HeWhoKnows: Online Safety Amendment (Social Media Minimum Age) Bill 2024 was passed with Liberal support.

• 

  Nugs on 24/11/2024 - 18:57

  +13

  "Is the RBA correct in holding interest rates?"
  No, they need to raise them
  .

  • 

    HeWhoKnows on 24/11/2024 - 19:48

    -2

    If these observations continue to hold true and inflation takes off again, then yes.

    • 

      whyisave on 26/11/2024 - 00:40

      A hard rise would have been very unpopular, but the recovery would have been quicker,
      rather than, very cautiously rising each time and hold and rise and hold and hold…
      ….but the recovery is also being pushed back, so the hurt is longer.

      PS:
      I didn't neg you.

• 

  LVlahov on 24/11/2024 - 19:22

  +9

  Government has their foot on the accelerator (net migration, high standard energy prices, tax cuts & increases to public spending & handouts) while also having a foot stuck on the brake (record declines in per capita disposable income and standards of living and high interest rates from the RBA necessitated by the former policies).

  A policy mix that sends Australia down the toilet for most while allowing some to make out like bandits, while enabling just enough spin (from a compliant media and academic class) to keep them electable.

  Solutions that would actually work: lowering net migration numbers to their 1950 to 2000 average, reserving sufficient gas at reasonable prices for domestic use, and allowing a better balance between mega infrastructure investment (to host 20 million more Australian's via mass migration over the next 45 years), and domestic construction to decease house prices from unlocked construction worker supply.

  But doing the above crosses the hardest ideological line there is in Australia supported by both majors, every mainstream media outlet and the Greens (and is the reason this post will get downvoted). Australia must be given away such that half the population in 2070 should have no connection to the people here today. For Labor and Green voters (as fast and as rapidly as possible), for Liberal Party elected members (similar but a bit slower as slower is now more popular amongst the broader public, swing voters and their voting base).

  • 

    7ekn00 on 24/11/2024 - 19:37

    +11

    Yep, essentially same globalist agenda on both sides masquerading as a "choice" between them :/

    • 

      whyisave on 26/11/2024 - 00:43

      Well, them (sic) globalists don't care which ruler you choose.
      They care only that you keep choosing to be ruled.

  • 

    mrdean on 24/11/2024 - 20:53

    +5

    The government are implementing the United Nations Agenda for Sustainable Development Goals by 2030.

    It is simple. The policies they are enacting are for the agenda, not for the people of Australia.

    • 

      7ekn00 on 24/11/2024 - 23:31

      +7

      For anybody not following along, it's this agenda in play: https://sdgs.un.org/2030agenda

      Love how they use big words to make it sound like it's something that will improve our lives, all while selling out to unelected globalists like the WEF, WHO and UN …

    • 

      whyisave on 26/11/2024 - 00:44

      +1

      Many, many nations…are eventually ending up in the same destination.
      They are all getting there, at different pace, but the outcome is still the same.

  • 

    mrvaluepack on 25/11/2024 - 06:43

    -3

    Well articulated proposed solutions but incorrect.

    Lower net migration will cause lower demand for things such as housing and items. But it will also tighten labour supply and cause increase in wages which will add to inflationary pressure. So it wont affect inflation overall but just satisfy racist agendas.

    • 

      CommuterPolluter on 25/11/2024 - 07:33

      -2

      Cousins still waiting on their visas?

    • 

      tomfool on 25/11/2024 - 17:20

      Thats rubbish, the only areas we have a labour shortage are the industries that are so stitched up they dont allow imported labour.

      • 

        mrvaluepack on 26/11/2024 - 06:50

        You obviously are not aware of the current economic environment. Current labour supply crisis in the automotive service trade industry.

        • 

          tomfool on 26/11/2024 - 08:46

          @mrvaluepack: Automotive service trade industry has such a big impact in the housing shortage, I guess if those trades cant get their RAMS serviced they cant build houses.

        • 

          greatlamp on 27/11/2024 - 21:19

          @mrvaluepack: Something to do with terrible wages?

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